Central North Airport Group Reports Strong Q4 & Full-Year 2025 Results with Double-Digit EBITDA Growth
Summary
Central North Airport Group reported strong Q4 and full-year 2025 results, featuring significant growth in passenger traffic and Adjusted EBITDA, a healthy balance sheet, and approval of a major long-term investment plan.
Key Events
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Strong Passenger Traffic Growth
Total passenger traffic increased by 6.0% in Q4 2025 to 7.5 million passengers, and by 8.5% for the full year 2025, reaching 28.8 million passengers.
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Double-Digit Adjusted EBITDA Growth
Adjusted EBITDA grew by 5.9% in Q4 2025 to Ps.2,577 million and by 12.1% for the full year 2025, reaching Ps.10,167 million.
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Healthy Financial Position
The company maintained a low leverage level, with Net Debt/Adjusted EBITDA at 1.03x as of December 31, 2025, and distributed dividends of Ps.11.54 per share during 2025.
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Major Long-Term Investment Plan Approved
The Master Development Program for 2026-2030 was approved, committing Ps.16,005 million in total investment, signaling significant future expansion and infrastructure improvements.
Analysis
Central North Airport Group (OMA) delivered robust financial and operating results for both the fourth quarter and full-year 2025, demonstrating consistent growth across key metrics. The company achieved double-digit Adjusted EBITDA growth for the full year, alongside healthy increases in passenger traffic and revenues. A low leverage ratio and significant capital investments, including the approval of a substantial Master Development Program for 2026-2030, underscore a strong financial position and clear long-term growth strategy. This positive performance supports the stock's current trading near its 52-week high, indicating continued operational strength and investor confidence.
At the time of this filing, OMAB was trading at $132.40 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $70.24 to $134.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.