OMAB FY 2025 Earnings Report — Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.OMAB

FY 2025 Earnings

Reported December 31, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$918M	—	$867M	—	5.9%
Op. Income	$514M	—	$465M	—	10.6%
Gross Margin	75.6%	—	65.3%	—	10.3pp
Net Margin	33.5%	—	32.7%	—	0.8pp
EPS (Diluted)	$6.36	—	$5.87	—	8.4%
Free Cash Flow	$423M	—	$338M	—	25.3%

Revenue Flow

Item	Amount
REVENUE	$918M
Cost of Revenue	$224M
GROSS PROFIT	$694M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$65M
SG&A Expenses	$65M
Other Expenses	$115M
Operating Expenses	$180M
Cost & Expenses	$404M
OPERATING INCOME	$514M
Interest Income	$12M
Interest Expense	$80M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$439M
Income Tax Expense	$130M
Net Income from Continuing Ops	$309M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$307M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$307M
D&A	$50M
EBIT	$514M
EBITDA	$565M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$918M
Cost of Revenue	$224M
GROSS PROFIT	$694M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$65M
SG&A Expenses	$65M
Other Expenses	$115M
Operating Expenses	$180M
Cost & Expenses	$404M
OPERATING INCOME	$514M
Interest Income	$12M
Interest Expense	$80M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$439M
Income Tax Expense	$130M
Net Income from Continuing Ops	$309M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$307M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$307M
D&A	$50M
EBIT	$514M
EBITDA	$565M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$307M
Depreciation & Amortization	$50M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$97M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$433M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$134M
NET CASH FROM INVESTING	-$144M
Net Debt Issuance	$120M
Common Stock Repurchased	-$141.5K
Common Dividends Paid	-$257M
Other Financing Activities	-$67M
NET CASH FROM FINANCING	-$205M
FREE CASH FLOW	$423M
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$178M
Short-Term Investments	$0
Net Receivables	$118M
Inventory	$0
Other Current Assets	$64M
TOTAL CURRENT ASSETS	$360M
PP&E (Net)	$181M
Goodwill	$0
Intangible Assets	$1.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$72M
Short-Term Debt	$94M
Deferred Revenue	$0
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$272M
Long-Term Debt	$678M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$166M
TOTAL NON-CURRENT LIABILITIES	$850M
TOTAL LIABILITIES	$1.1B
Common Stock	$17M
Additional Paid-In Capital	$2M
Retained Earnings	$629M
Treasury Stock	$0
Accum. Other Comp. Income	-$273.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$647M
Minority Interest	$10M
TOTAL EQUITY	$657M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$781M
Net Debt	$603M