Central North Airport Group (GAERF) income statement

GAERFOTCAirports, Flying Fields & Airport Terminal ServicesFiscal year ends December 31Also trades as OMAB

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026Score 11/30

$10.47+0.00 (0.00%)

Close on Oct 19, 2026Market cap $5.11BP/E 18.0Yield –

Central North Airport Group income statement

AnnualQuarterlyTTM

MXN USD

Millions of MXN, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	15,964	15,073	14,457	11,935	8,720	5,367	8,527	7,907	7,130	5,550	4,493
Cost of Revenue	–	–	–	–	–	766	954	978	981	900	836
Gross Profit	–	–	–	–	–	4,602	7,573	6,929	6,149	4,650	3,657
General & Administrative	871	776	661	668	587	518	543	563	588	642	558
Operating Expenses	7,023	6,990	6,390	5,870	4,610	3,646	3,672	3,775	3,891	2,767	2,456
Operating Income	8,941	8,083	8,067	6,064	4,110	1,721	4,855	4,133	3,239	2,784	2,037
Interest Expense	1,475	1,329	1,269	934	517	420	376	326	353	331	335
Pretax Income	7,632	7,069	7,060	5,293	3,836	1,492	4,600	3,986	2,951	2,623	1,749
Income Tax Expense	2,267	2,133	2,039	1,376	972	395	1,372	1,121	813	747	512
Net Income incl. Noncontrolling Interests	5,365	4,936	5,020	3,917	2,864	1,098	3,227	2,864	2,137	1,877	1,237
Minority Interest in Earnings	24	7.42	8.58	16	6.37	3.52	7.64	12	9.87	6.31	2.87
Net Income	5,342	4,929	5,012	3,901	2,857	1,094	3,220	2,852	2,128	1,870	1,234
EPS (Basic)(per share)	13.83	12.76	12.98	10.10	7.35	2.80	8.20	7.25	5.40	4.76	3.13
EPS (Diluted)(per share)	13.83	12.76	12.98	10.10	7.35	2.80	8.20	7.25	5.40	4.76	3.13
Shares Outstanding (Basic, Weighted)(shares)	386	386	386	386	389	390	393	393	394	393	394
Shares Outstanding (Diluted, Weighted)(shares)	386	386	386	386	389	390	393	393	394	393	394
EBITDA	9,819	8,840	8,708	6,616	4,598	2,157	5,271	4,484	3,538	3,060	2,275

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: –
Operating margin: 56.0%
Net margin: 33.5%
Return on equity, FY2025: 49.4%

Financial strength

Current ratio: 1.32
Debt to equity: 1.19
Debt to assets: 43.4%
Cash to current liabilities: 65.5%

Valuation

P/E ratio: 18.0
Price to sales: 6.01
Price to book: 8.52
Dividend yield: –

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