Corporación América Airports S.A. reported Q4 and FY 2025 results with record passenger traffic of 22.3 million (+9.1% YoY) and 86.7 million (+9.8% YoY), Q4 revenues ex-IFRIC12 of $464.8 million (+17.3% YoY) and Adjusted EBITDA ex-IFRIC12 of $210.7 million (+39.8% YoY), and FY revenues ex-IFRIC12 of $1,756.4 million (+8.4% YoY) and Adjusted EBITDA ex-IFRIC12 of $715.5 million (+15.0% YoY), supported by $592.8 million in cash equivalents and 0.7x net debt to LTM Adjusted EBITDA.
Key takeaways
Passenger traffic reached record 22.3 million in Q4 2025 (+9.1% YoY) and 86.7 million in FY 2025 (+9.8% YoY)
Q4 2025 Revenues ex-IFRIC12 $464.8 million (+17.3% YoY from $396.2 million)
Q4 2025 Adjusted EBITDA ex-IFRIC12 $210.7 million (+39.8% YoY from $150.8 million), margin 45.3% (+7.3pp YoY)
FY 2025 Revenues ex-IFRIC12 $1,756.4 million (+8.4% YoY from $1,619.9 million)
FY 2025 Adjusted EBITDA ex-IFRIC12 $715.5 million (+15.0% YoY from $622.2 million), margin 40.7% (+2.3pp YoY)
Cash & Cash Equivalents $592.8 million as of December 31, 2025; Net Debt to LTM Adjusted EBITDA 0.7x
$32.5 million positive EBITDA impact in Q4 2025 from ICSID arbitration award payment for Chinchero concession in Peru