Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB; BMV:OMA), also known as OMA, announced its operating and financial results for the first quarter of 2025. The Mexican airport operator, currently valued at $4.24 billion, experienced a 9.1% increase in passenger traffic compared to the first quarter of 2024, reaching 6.4 million passengers. Notable growth was seen at Monterrey, Acapulco, Culiacán, Torreón, and Tampico airports. According to InvestingPro analysis, OMA maintains a "GREAT" overall financial health score of 3.44, reflecting its strong market position as a prominent player in the Transportation Infrastructure industry.
Revenue from aeronautical and non-aeronautical sources rose by 15.6%, and the company’s Adjusted EBITDA reached Ps.2,372 million. With an impressive gross profit margin of 65.3% over the last twelve months, OMA demonstrates strong operational efficiency. The company invested Ps.502 million in capital investments and maintenance as part of its Master Development Plans and strategic investments. InvestingPro data reveals the stock is trading near its 52-week high of $92.39, suggesting strong investor confidence in the company’s growth strategy.
Commercial operations maintained a robust occupancy rate of 96.0% in passenger terminals as of March 31, 2025. The NH Collection Terminal 2 Hotel and Hilton Garden Inn reported high occupancy rates, with notable increases in average room rates.
Financially, aeronautical revenues increased by 13.8%, and non-aeronautical revenues saw a 20.9% rise. Commercial revenues per passenger improved by 12.5%, contributing to an overall increase in commercial revenues by 22.8%. Diversification revenues, which include industrial services and cargo operations, increased by 22.0%.
The cost of airport services and general and administrative expenses went up by 10.2% compared to the first quarter of 2024. OMA’s operating income for the quarter was Ps.2,111 million, a 17.7% increase year-over-year, with a 59.2% operating margin. Adjusted EBITDA margin stood at 74.9%, and without the incremental effect of the concession tax on aeronautical revenues, the Adjusted EBITDA would have been Ps.2,469 million.
Net income for the quarter was Ps.1,292 million, marking a 19.7% increase from the same period last year. Earnings per share were Ps.3.33, and earnings per American Depositary Share (ADS) were US$1.30.
On April 25, 2025, OMA’s shareholders approved a cash dividend payment of Ps.4,500 million, to be distributed in two equal installments by the end of May and November 2025.
This report is based on a press release statement and reflects OMA’s commitment to maintaining sound financial practices and a strong performance in the airport sector.
In other recent news, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, announced its financial results for the fourth quarter of 2024, reporting a slight decrease in passenger traffic for the year. Despite this, the company maintained its Adjusted EBITDA at Ps.9,069 million, consistent with the previous year. OMA also declared a substantial dividend payment of Ps.4,500 million, to be distributed in two installments in 2025, following shareholder approvals at its Annual General Ordinary Shareholders’ Meeting. In March 2025, OMA reported an 11.8% increase in passenger traffic across its airports, attributed to the start of ten new routes. February 2025 also saw a 5.2% rise in passenger numbers, with new routes contributing to this growth. Despite these positive traffic trends, Citi analysts maintained a Sell rating on OMA, citing concerns over valuation and the potential impact of the upcoming Master Development Plan review. Additionally, OMA achieved Level 3 "Optimization" Accreditation from the Airport Carbon Accreditation Program, highlighting its commitment to reducing its carbon footprint. The company’s financial statements for the fourth quarter showed a 13.6% increase in revenues from both aeronautical and non-aeronautical sources.
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