- Grupo Aeroportuario del Sureste (ASR, Financial) reported an 18.2% revenue increase YoY in Q1 2025.
- Passenger traffic varied significantly by region with Puerto Rico up 10.6% and Mexico down 4.8%.
- ASR's EBITDA grew 11.7% YoY to Ps.5,724.8 million, with a net income increase of 14.2% to Ps.3,638.2 million.
Grupo Aeroportuario del Sureste (ASR), a leading airport group, announced its Q1 2025 financial results, revealing mixed performance across different regions. Overall passenger traffic saw a marginal increase of 0.2% year-over-year (YoY). However, regional variations were notable with Mexico experiencing a 4.8% decline, while Puerto Rico and Colombia posted robust traffic increases of 10.6% and 6.4%, respectively.
Financially, ASR demonstrated strong growth, reporting an 18.2% YoY increase in revenue to Ps.8,787.5 million. This growth was accompanied by a significant 17.5% rise in commercial revenue per passenger, reaching Ps.146.8. The company's EBITDA also grew by 11.7% to Ps.5,724.8 million, while net income improved by 14.2% to Ps.3,638.2 million.
Despite the positive financials, ASR's adjusted EBITDA margin slightly decreased to 70.0% from 71.4% in Q1 2024. The company maintained a strong cash position of Ps.22,681.2 million, with a negative debt to LTM Adjusted EBITDA ratio of 0.5x, indicating more cash than debt.
ASR's performance highlights the company's resilience and operational excellence, with a focus on enhancing non-aeronautical revenue streams. This is particularly evident in the commercial revenue per passenger growth observed across its operations in Mexico, San Juan, and Colombia, where increases of 16.6%, 22.7%, and 27.9% were reported, respectively.
