NASDAQ$OMAB

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Grupo Aeroportuario del Centro Norte reported FY2025 revenue of $886.9M and consolidated net income of $298.1M.

OMAB’s FY2025 Form 20-F reports total revenues of Ps.15.96B (about $886.9M) and consolidated net income of Ps.5.37B (about $298.1M), up 8.7% on profit. Terminal passengers rose 8.5% to 28.8 million. Operating income grew 10.6% to Ps.8.94B on higher aeronautical and non-aeronautical revenues. Maximum tariffs for 2026–2030 were approved by Mexican regulators in December 2025.

  • FY2025 revenue ~$886.9M (+5.9% in pesos).
  • Consolidated net income ~$298.1M (+8.7%).
  • 28.8M terminal passengers (+8.5% YoY).
  • 2026–2030 maximum tariffs approved.

Headline financials

Total Revenue

$887M

No prior period
EPS (adj)

$0.18

No prior period
Total Passenger Traffic

7.5M

No prior period
Adjusted EBITDA Margin

73.6%

No prior period
Commercial Occupancy

93.4%

No prior period
Net Debt/Adj EBITDA

1.03

No prior period
Terminal passengers

28.8

No prior period
Net Income

$298M

No prior period
Operating Income

$119M

No prior period

Revenue & EPS history

OMA · Revenue · Quarterly

$887M

Q4 2025
Beat estimate in 7 of 7 quarters(100%)
ActualEstimate

Forward guidance

Tariff framework set through 2030; growth tied to passenger volumes and commercial diversification.

Tailwinds

  • Passenger traffic recovery above 2024 levels.
  • Non-aeronautical revenue 21.7% of total revenues.
  • Monterrey remains largest contributor to revenue.

Headwinds

  • Regulated tariff caps limit pricing flexibility.
  • Peso/USD translation affects reported USD figures.
  • Construction and concession tax pressures.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.3%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+0.9%

Avg return

30 days after

51%

18 / 35 earnings

Positive

+9.3%

Q1 2020

Best reaction

-10.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-10.7%-9.5%-13.5%
Q3 2023+7.8%+16.1%+23.5%
Q2 2023-2.6%-3.6%+5.1%
Q1 2023+3.8%+4.8%+6.1%
Q4 2022+2.5%+0.8%+7.1%
Q3 2022+0.5%+0.5%+11.6%
Q2 2022-2.1%-0.0%+13.3%
Q1 2022+1.4%-1.1%+3.4%
Q4 2021-3.4%-2.6%-1.7%
Q3 2021-1.8%-2.6%+0.1%
Q2 2021+2.8%+3.1%+2.8%
Q1 2021-1.7%-6.0%-10.9%
Q4 2020-0.4%-1.4%+18.6%
Q3 2020-0.9%-3.2%+18.5%
Q2 2020-4.0%-4.1%+1.8%
Q1 2020+9.3%+3.1%+33.4%
Q4 2019-0.2%+2.3%-43.7%
Q3 2019+0.9%+3.3%+6.9%
Q2 2019+2.1%+3.2%-11.3%
Q1 2019+1.0%-0.9%+1.0%
Q4 2018+1.8%+1.5%-3.5%
Q3 2018-1.9%-13.0%-29.4%
Q2 2018-0.2%+2.4%+3.4%
Q1 2018-2.1%-4.2%-9.7%
Q4 2017+0.6%-4.2%-5.6%
Q3 2017+0.9%+1.5%-4.6%
Q2 2017-0.7%-3.2%-7.2%
Q1 2017-4.9%-3.0%-6.3%
Q4 2016+2.9%+7.1%+16.0%
Q2 2016-0.8%-0.3%+2.1%
Q1 2016-3.8%
Q4 2015+7.3%
Q3 2015+1.8%
Q2 2015+3.7%
Q1 2015+1.6%

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