CORPORACION AMERICA AIRPORTS S.A. (CAAP) Form 6-K — Aug 18, 2026
Corporación América Airports (NYSE: CAAP) reported 2Q26 consolidated revenue of $534.0 million, up 12.0% year over year, with revenue excluding construction services up 8.2% to $470.7 million despite a 0.6% dip in passenger traffic to 20.6 million. Net income attributable to owners rose 6.9% to $52.8 million, or $0.32 per share. Profitability slipped, however: Adjusted EBITDA excluding construction services fell 4.5% to $160.3 million and its margin contracted 4.5 points to 34.1%, as Argentina's segment EBITDA dropped 20.4% on domestic capacity cuts at Flybondi and tough cargo comparisons, and Uruguay declined 16.3%.
Key figures
- Eps
- 0.32
- Revenue
- $534.0M as reported (+12.0% YoY); $470.7M ex-IFRIC12 (+8.2% YoY)
- Net Income
- $52.8M attributable to owners of the parent (+6.9% YoY); $53.5M total net income
- Total Debt
- $1,073.5M
- Revenue Yoy
- 12.0% (as reported)
- Cash Position
- $692.5M
- Capex
- $67.0M (+39.7% YoY)
- Net Debt
- $381.0M
- Six Month Eps
- $0.79 (+44.7% YoY)
- Total Liquidity
- $860.8M
- Operating Income
- $105.5M (-10.1% YoY)
- Six Month Revenue
- $1,070.6M (+17.6% YoY)
- Passenger Traffic
- 20.6M passengers (-0.6% YoY)
- Brazil Segment EBITDA
- $14.7M (+31.9% YoY)
- Armenia Segment EBITDA
- $35.4M (+20.5% YoY)
- Dividend Approved2026
- $150M total, ~$0.91 per share, payable Sept 10, 2026 (record date Aug 31, 2026)
- Uruguay Segment EBITDA
- $13.0M (-16.3% YoY)
- Argentina Segment EBITDA
- $73.8M (-20.4% YoY)
- Adjusted EBITDAex IFRIC12
- $160.3M (-4.5% YoY)
- Net Debt To LTMAdjusted EBITDA
- 0.5x
- Adjusted EBITDAex IFRIC12 Margin
- 34.1% (-4.5 pp from 38.6%)
AI analysis
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