Central North Airport Group Reports Strong 2025 Results, Details Ps. 16.6 Billion Capital Plan
OMAB sits 25% above its 52-week low of $84.735.
Summary
Central North Airport Group reported strong 2025 financial results with increased revenues and net income, alongside the approval of a substantial Ps. 16.63 billion capital investment plan for 2026-2030. The company also secured new short-term loans and faces a new lawsuit, while a recent labor law change is expected to increase costs.
Key Events · Earnings and Guidance · OMAB
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Strong 2025 Financial Performance
Reported a 5.9% increase in total revenues to Ps. 15.96 billion and an 8.7% rise in consolidated net income to Ps. 5.37 billion for the year ended December 31, 2025. Terminal passenger traffic grew by 8.5% to 28.8 million.
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Approved Ps. 16.63 Billion Master Development Program (2026-2030)
The Ministry of Infrastructure, Communications and Transportation approved a new five-year Master Development Program with committed investments of Ps. 16.63 billion (approximately $924 million) for airport infrastructure and modernization.
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New Short-Term Loans Secured
Obtained Ps. 1.7 billion (approximately $94.4 million) in short-term loans on April 1, 2026, to repay a Ps. 1 billion bond and support working capital needs.
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New Lawsuit Disclosed
Aeropuerto de Durango, S.A. de C.V. and Central North Airport Group were served with a commercial lawsuit on March 11, 2026, seeking Ps. 36.3 million for loss of earnings plus unquantified damages related to a 2021 aviation accident.
Analysis · OMAB · Energy & Transportation
Central North Airport Group's annual report provides a comprehensive overview of its strong financial performance in 2025, with significant increases in total revenues, net income, and passenger traffic. The approval of a substantial Ps. 16.63 billion (approximately $924 million) Master Development Program for 2026-2030 outlines a robust capital investment strategy for airport infrastructure and expansion, representing a significant commitment relative to the company's size. While the Ps. 4.9 billion cash dividend and Ps. 1.5 billion share repurchase program were previously announced in a recent 6-K filing, this 20-F confirms their formal approval at the April 24, 2026 shareholders' meeting. New disclosures include Ps. 1.7 billion in short-term loans for refinancing and working capital, and a new lawsuit seeking Ps. 36.3 million plus unquantified damages related to a 2021 aviation accident. Additionally, a recent labor law amendment in Mexico, effective March 2026, is expected to gradually reduce the workweek and increase labor costs, posing a future operational challenge. The detailed financial results and forward-looking capital plan are key takeaways for investors.
At the time of this filing, OMAB was trading at $106.15 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $84.74 to $134.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.