CAAP · Corporación América Airports S.A.

Corporación América Airports S.A. delivered strong Q1 2026 results, with revenue growing 20% to $537.6 million from $447.8 million in the prior year, driven by core airport operations across Argentina, Brazil, Uruguay, Armenia, Italy, and Ecuador. Gross profit expanded to $198.6 million, reflecting improved cost of services management at $339.1 million versus $291.3 million. Operating income surged 34% to $139.5 million, supported by controlled selling, general, and administrative expenses at $64.8 million and other operating income of $7.7 million. Financial results showed net expense reduction, with financial income of $16.6 million offsetting losses, leading to pre-tax income of $128.3 million. After $47.9 million in income tax, net income reached $80.4 million, with $77.1 million attributable to owners. EPS doubled to $0.47. Balance sheet strengthened with cash at $666.2 million (up from $592.8 million at year-end), total assets at $4.79 billion, and equity at $1.88 billion. Operating cash flow of $102.3 million funded investments and debt service. Currency translation adjustment of $149.2 million boosted comprehensive income to $230.5 million. Argentine hyperinflation adjustments applied per IAS 29. No guidance provided; results align with annual audited statements.