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SEC filingSolid FY2025 performance driven by passenger traffic recovery and non-aeronautical revenue growth from commercial optimization, with resilient profitability amid regulated tariff constraints and disciplined capital investments.
Profitability held firm through cost management and operational leverage, even as concession taxes and regulatory pressures persisted. Capital allocation remained disciplined, with 2025 investments directed to terminals across most Mexican airports, aligning with the master development plan's emphasis on infrastructure that sustains long-term traffic capacity. Indebtedness levels were managed per liquidity discussions, ensuring funding availability without compromising flexibility.
International segments contributed steadily. Jamaican operations at MBJA remain committed to mandated capital investments under the concession terms, providing diversification and resilience. A pending CBX merger promises additional scale through U.S. cross-border infrastructure.
Looking forward, regional catalysts include resort expansions with hotels and golf courses in Nuevo Vallarta and Punta de Mita, poised to elevate tourism inflows. A local government-backed logistics 'dry port' near key airports signals air cargo upside, reinforcing the multi-year growth trajectory amid post-pandemic normalization.