OMA Posts 3Q26 Adjusted EBITDA of Ps.2,883M (+8.7%) and Swaps Chairman
OMAB is trading near its 52-week low of $87.31 (13% above the low).
Summary
OMA reported 3Q26 Adjusted EBITDA of Ps.2,883 million, up 8.7% on 8.3% growth in aeronautical plus non-aeronautical revenue, while net income rose 2.9% to Ps.1,555 million. The company also disclosed that chairman Nicolas Notebaert resigned on October 27, 2026, with VINCI's Laurent Cavrois appointed provisional chairman.
Key Events · Earnings and Guidance · OMAB
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3Q26 EBITDA Up 8.7%
Adjusted EBITDA reached Ps.2,883 million as aeronautical plus non-aeronautical revenues grew 8.3% to Ps.3,843 million, yielding a 75.0% Adjusted EBITDA margin.
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Net Income Up Only 2.9%
Consolidated net income was Ps.1,555 million, with financing expense rising to Ps.348.0 million from Ps.298.8 million in 3Q25; EPS was Ps.4.01 and EPADS US$1.78.
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Cost Jump Is Construction Accounting
Total operating costs and expenses rose 48.5% to Ps.2,266 million, but Ps.1,020 million of that is IFRIC 12 construction cost matched by equal construction revenue, leaving operating income and EBITDA unaffected.
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Chairman Resigns, Cavrois Provisional
Nicolas Notebaert resigned as director and chairman on October 27, 2026; Laurent Cavrois, VINCI Airports regional director for Latin America, was named provisional chairman pending ratification at the next annual shareholders' meeting.
Analysis · OMAB · Energy & Transportation
The quarter delivered modest top-line growth but solid profitability: passenger traffic rose 1.3% to 7.7 million, and the revenue base that matters for cash flow—aeronautical plus non-aeronautical—grew 8.3%, lifting Adjusted EBITDA 8.7% to Ps.2,883 million at a 75.0% margin. Net income rose only 2.9% to Ps.1,555 million, held back by financing expense that climbed to Ps.348 million from Ps.298.8 million. The headline 48.5% jump in total operating costs is mostly accounting: construction costs of Ps.1,020 million under IFRIC 12 are matched peso-for-peso by construction revenue and do not touch operating income or EBITDA. Separately, chairman Nicolas Notebaert resigned on October 27, 2026, and Laurent Cavrois, a VINCI Airports Latin America regional director, takes over provisionally until the next annual shareholders' meeting—a routine change given VINCI's controlling role, but one that leaves the board chair unratified for now.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, OMAB was trading at $99.06 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $87.31 to $134.99. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.