SOUTHEAST AIRPORT GROUP (ASR) Form 6-K — Oct 22, 2026
ASUR reported 3Q26 revenue of Ps.10,420.5 million, up 18.9% YoY, driven by the September 1, 2026 acquisition of CPC Aeroportos (20 airports across Brazil, Ecuador, Costa Rica and Curazao) and December 2025 U.S. commercial operations. However, underlying organic trends were weak: total passenger traffic fell 1.2% YoY with Mexico down 4.6% and Puerto Rico down 3.2%, and consolidated EBITDA grew only 1.7% with adjusted EBITDA margin compressing to 60.3% from 66.7%. The Brazil acquisition transformed the balance sheet: net debt surged roughly 903% to Ps.49.9 billion, taking net debt-to-LTM EBITDA from 0.2x to 2.6x, while cash stands at Ps.20.1 billion.
Key figures
- Eps
- 7.196
- Revenue
- Ps.10,420.5 million (3Q26)
- Net Income
- Ps.2,307,904 thousand (3Q26)
- Total Debt
- Net Debt Ps.49,878,072 thousand
- Revenue Yoy
- 18.9
- Cash Position
- Ps.20,091.8 million
- Capex
- Ps.2,716,593 thousand (+45.1% YoY)
- Ebitda
- Ps.4,719.3 million (3Q26, +1.7% YoY)
- Eps per ads usd
- US$3.9825
- Mexico traffic yoy
- -4.6%
- Colombia traffic yoy
- +5.2%
- Passenger traffic yoy
- -1.2%
- Adjusted ebitda margin
- 60.3% vs 66.7% in 3Q25
- Net debt to ltm ebitda
- 2.6x (vs 0.2x in 3Q25)
- Puerto rico traffic yoy
- -3.2%
- Brazil others traffic yoy
- +1.4% pro-forma
- Commercial revenue per pax
- Ps.130.5 (+3.5% YoY)
AI analysis
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