Grupo Aeroportuario Del Centro Norte: Record Margins, Strong Cash Flow, And Mexico's Most Efficient Airport Operator

Passenger traffic rose 7.7% YoY to 7.6 million, led by Monterrey's 14% growth and new international routes, confirming Grupo Aeroportuario del Centro Norte's position as Mexico's most dynamic hub. Adjusted EBITDA increased 9% YoY to MX$2.65 B with a 74.8% margin (77.9% ex-tax), showing its remarkable ability to turn revenue into sustainable cash flow. Net income grew 9.1% YoY while operating cash flow rose 10.7%, lifting cash reserves to MX$4.45 B and supporting continued investment without adding leverage.

Seeking Alpha • Nov 22, 2025

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q3 2025 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q3 2025 Earnings Call October 24, 2025 12:00 PM EDT Company Participants Emmanuel Camacho - Investor Relations Officer Ricardo Duenas - Chief Executive Officer Ruffo Pérez del Castillo - Chief Financial Officer Conference Call Participants Pablo Ricalde Martinez - Itaú Corretora de Valores S.A.

Seeking Alpha • Oct 24, 2025

Grupo Aeroportuario del Centro Norte: Monterrey Hub, Cash Flow Machine

Grupo Aeroportuario del Centro Norte reported 11.3% YoY passenger growth in Q2 2025, led by Monterrey's 23.8% surge, confirming its role as northern Mexico's industrial and business hub. Commercial revenue per passenger reached MX$62.4 (+7.5% YoY), supported by strong demand in restaurants (+41%), VIP lounges (+35%), and retail (+27%), showing OMAB's ability to monetize beyond traffic. Adjusted EBITDA rose 18.8% to MX$2.56B, with a 74.6% margin, one of the highest in global infrastructure, translating three-fourths of revenues into operating cash flow.

Seeking Alpha • Sep 1, 2025

Grupo Aeroportuario del Centro Norte: Commercial Revenues Are Booming

Grupo Aeroportuario del Centro Norte remains my top pick among Mexican airport operators, thanks to its strong business mix and exposure to industrial hubs like Monterrey. The reshoring trend and Mexico's manufacturing boom, especially in Monterrey, are fueling robust traffic and non-aeronautical revenue growth for OMAB. Despite a 40% stock price run-up, the company is still reasonably valued, with solid EBITDA growth and a compelling dividend policy supporting long-term returns.

Seeking Alpha • Aug 18, 2025

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2025 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q2 2025 Earnings Conference Call July 29, 2025 10:00 AM ET Company Participants Luis Emmanuel Camacho Thierry - Investor Relations Officer Ricardo Duenas Espriu - Chief Executive Officer Ruffo Perez Pliego del Castillo - Chief Financial Officer Conference Call Participants Alan Macias - BofA Securities, Research Division Alberto Valerio - UBS Investment Bank, Research Division Federico Galassi - Unidentified Company TRG Management LP - Unidentified Company Gabriel Himelfarb Mustri - Scotiabank Global Banking and Markets, Research Division Guilherme G.

Seeking Alpha • Jul 29, 2025

Grupo Aeroportuario del Centro Norte: A Strategic Player In The Mexican Sky

Strategic airport network in Mexico's north, led by Monterrey, positioned to benefit from nearshoring and logistics growth. Dual revenue model ensures stability, with strong growth in non-aeronautical income. Exceptional margins and cash flow, with EBITDA margin near 75% and solid free cash generation.

Seeking Alpha • Jun 6, 2025

Is Grupo Aeroportuario del Centro Norte (OMAB) Outperforming Other Transportation Stocks This Year?

Here is how Grupo Aeroportuario del Centro Norte (OMAB) and Ryanair (RYAAY) have performed compared to their sector so far this year.

Zacks Investment Research • May 1, 2025

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2025 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q1 2025 Earnings Conference Call April 29, 2025 10:00 AM ET Company Participants Emmanuel Camacho - IR Officer Ricardo Dueñas - CEO Ruffo Pérez Pliego - CFO Conference Call Participants Alan Macías - Bank of America Pablo Monsivais - Barclays Jens Spiess - Morgan Stanley Alberto Valerio - UBS Pablo Ricalde - Itaú Jay Singh - Citibank Operator Ladies and gentlemen, greetings and welcome to the Grupo Aeroportuario del Centro Norte, OMA First Quarter 2025 Earnings Conference Call.

Seeking Alpha • Apr 29, 2025

Grupo Aeroportuario del Centro Norte (OMAB) Soars 6.0%: Is Further Upside Left in the Stock?

Grupo Aeroportuario del Centro Norte (OMAB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Zacks Investment Research • Apr 10, 2025

OMA Airports: Significant Discount Due To Market Disruptions

OMA Airports' stock has surged 29.4% since November, outperforming the S&P 500, despite trade tensions between the US and Mexico. Monterrey's nearshoring potential and capacity cap at Mexico City present growth opportunities, but trade turmoil and GDP growth concerns pose risks. Operating income remains stable despite a 9.4% rise in costs and an 81.8% increase in concession taxes, with strong EBITDA margins.

Seeking Alpha • Mar 19, 2025