AERO Q3 2025 Earnings Report — Grupo Aeroméxico, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Grupo Aeroméxico, S.A.B. de C.V.AERO

Q3 2025 Earnings

Reported September 29, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2025	Q2 2025	Q3 2024	QoQ Change	YoY Change
Revenue	$1.4B	$1.3B	$1.5B	7.4%	-2.5%
Op. Income	$250M	$236M	$336M	5.9%	-25.7%
Gross Margin	25.8%	26.0%	32.0%	-0.2pp	-6.2pp
Net Margin	6.8%	5.2%	13.1%	1.6pp	-6.3pp
EPS (Diluted)	$0.71	$0.50	$1.38	42.0%	-48.6%
Free Cash Flow	$123M	$0	$136M	—	-9.4%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$368M
R&D Expenses	$0
Selling & Marketing	$92M
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$26M
Operating Expenses	$119M
Cost & Expenses	$1.2B
OPERATING INCOME	$250M
Interest Income	$7M
Interest Expense	$122M
Other Income/Expenses	-$128M
INCOME BEFORE TAX	$121M
Income Tax Expense	$24M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$97M
D&A	$184M
EBIT	$241M
EBITDA	$425M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$368M
R&D Expenses	$0
Selling & Marketing	$92M
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$26M
Operating Expenses	$119M
Cost & Expenses	$1.2B
OPERATING INCOME	$250M
Interest Income	$7M
Interest Expense	$122M
Other Income/Expenses	-$128M
INCOME BEFORE TAX	$121M
Income Tax Expense	$24M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$97M
D&A	$184M
EBIT	$241M
EBITDA	$425M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$97M
Depreciation & Amortization	$184M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$50M
Change in Working Capital	-$111M
OPERATING CASH FLOW	$220M
Capital Expenditure	-$97M
Acquisitions (Net)	$995.4K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$111M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$94M
NET CASH FROM FINANCING	-$103M
FREE CASH FLOW	$123M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$934M
Short-Term Investments	$0
Net Receivables	$712M
Inventory	$165M
Other Current Assets	$81M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$3.5B
Goodwill	$504M
Intangible Assets	$578M
Long-Term Investments	$22M
Tax Assets	$258M
Other Non-Current Assets	$160M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$6.9B
Account Payables	$1.3B
Short-Term Debt	$492M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$134M
Other Non-Current Liabilities	$906M
TOTAL NON-CURRENT LIABILITIES	$4.5B
TOTAL LIABILITIES	$7.6B
Common Stock	$3.5B
Additional Paid-In Capital	-$2.2B
Retained Earnings	-$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$708M
Minority Interest	$2M
TOTAL EQUITY	-$706M
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$4.0B
Net Debt	$3.1B