(Translation of Registrant's Name Into English) México (Jurisdiction of incorporation or organization) Bosque de Alisos No. 47A– 4th Floor Bosques de las Lomas 05120 México, D.F. (Address of principal executive offices) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 GRUPO AEROPORTUARIO DEL SURESTE, S.A.B. de C.V. (SOUTHEAST AIRPORT GROUP) ...

Revenue and Passenger Traffic - In 2023 and 2024, passenger charges represented 45.7% and 46.1% of the company's consolidated revenues, respectively[13]. - Total passenger traffic in the company's airports recovered for 2024, increasing by 1.1% compared to 2023[25]. - In 2022, 2023, and 2024, 63.4%, 61.8%, and 62.2% of international passengers in the company's Mexican airports arrived or departed on flights to or from the United States[28]. - In 2022, 2023, and 2024, 53.1%, 51.5%, and 52.8% of revenues from Mexican passenger charges were derived from international passengers[28]. - Revenues from Mexican passenger charges accounted for 16.6% of total revenues in 2024[49]. - In 2024, 52.6% of Mexican domestic passengers and 51.8% of Colombian domestic passengers relied on Mexico City International Airport and El Dorado International Airport, respectively, indicating a high dependency on these airports for traffic[75][76]. - Overall Mexican domestic passenger traffic to and from Mexico City decreased by 13.8% in 2024 compared to 2023[75]. - In 2024, 59.3% of total revenues were earned from aeronautical services at all airports, with 53.7%, 59.1%, and 60.1% in 2022, 2023, and 2024 respectively[137]. Economic and Political Factors - The ongoing military conflict involving Russia and Ukraine could cause significant disruptions in supply chains, adversely affecting the travel industry and the company's business[16]. - The company cannot predict how economic conditions in the United States, Mexico, or Colombia may develop in the future, which could affect tourism and travel decisions[30]. - The Colombian economy's fluctuations, including currency devaluation and changes in fiscal policies, could adversely affect the company's financial condition and results of operations[32]. - The economy of Puerto Rico has been in a recession since 2006, which has worsened due to various factors including natural disasters and the COVID-19 pandemic[33]. - The Mexican government has significant influence over the economy, which could impact market conditions and the company's financial performance[160]. - Political developments in Mexico may adversely affect the company's operations and financial condition[159]. - The U.S. is Mexico's primary trading partner, receiving over 80% of Mexico's total exports, and any weakened trading ties could adversely impact the Mexican economy and the company's business[171]. - The company cannot predict the impact of political, economic, and social conditions on the Mexican economy, which may adversely affect its financial condition and results of operations[165]. - Political instability and violence in Colombia may adversely affect the economy and operations of the company[190]. Financial Performance and Risks - The company has outstanding indebtedness of U.S.$640.6 million as of December 31, 2024, with U.S.$136.7 million of that being floating rate[64]. - Increased interest rates could adversely affect the company's financial condition, impacting debt service costs and overall results of operations[64]. - The company is exposed to risks related to construction projects, which could lead to delays or budget overruns affecting its ability to expand capacity at Mexican airports[86]. - The company’s insurance policies may not provide sufficient coverage against all liabilities, exposing it to potential financial risks[101]. - The company is subject to potential fines and penalties pending the outcome of its appeal against the Mexican government's tax treatment of airport concessions[57]. - The company is currently evaluating the potential impact of new concessions granted by the government that could compete with its airports[132]. Regulatory and Compliance Issues - The FAA downgraded Mexico's aviation safety rating to Category 2 on May 25, 2021, which affected 0.8%, 0.7%, and 1.1% of passengers traveling to or from the U.S. in 2022, 2023, and 2024 respectively[60]. - The Mexican government increased the concession fee for federal airports from 5.0% to 9.0% of gross annual regulated revenues, effective January 1, 2024[120]. - The amendments to the Mexican Airport Law enhance regulatory authority over civil aviation, including the ability to revoke permits and impose sanctions for non-compliance[119]. - The company faces risks from potential violations of the Mexican Airport Law, which could lead to fines or termination of concessions[128]. - The creation of a single authority for free competition may affect the enforcement of competition laws and the company's operations[126]. Operational Developments - The company incurred major capital expenditures in Puerto Rico during 2024, including costs related to the reconstruction of Terminal D and Runway 8/26[89]. - The company entered into an investment agreement in May 2023 for developing an international airport in Bavaro, Dominican Republic, with a total estimated investment of U.S.$66.0 million, of which U.S.$48.1 million remains pending[89]. - The company completed all projects under the 2014 and 2016 investment agreements with the Colombian government for certain airports by March 6, 2020[88]. - The Felipe Carrillo Puerto International Airport, inaugurated on December 1, 2023, is expected to impact passenger traffic and operating results, although the extent is uncertain[134]. Taxation and Fiscal Policies - The Colombian government passed Law 2277, introducing a new permanent equity tax with rates ranging from 0.5% to 1.5% based on net equity, effective January 1, 2023[185]. - The dividend tax rate for local and foreign shareholders increased to a progressive marginal rate of up to 39% for Colombian individuals and a flat 20% for non-resident shareholders[185]. - The long-term capital gains tax rate rose from 10% to 15%[185]. - A minimum corporate income tax of at least 15% was established based on the effective tax rate calculated on book profit[185]. - The Colombian government introduced a new tax reform bill in September 2024, proposing to increase equity tax rates up to 2% and long-term capital gains tax from 15% to 20%, but it was rejected in December 2024[188]. Future Outlook - IATA forecasts global airline industry net profits of U.S.$36.6 billion on revenues of U.S.$1,007 billion for 2025[43]. - Forward-looking statements are made in various reports and communications, indicating the company's expectations and plans for future performance[209]. - The company uses terms like "believe," "anticipate," and "expect" to identify forward-looking statements, which are not the exclusive means of identification[210].

MEXICO CITY, April 10, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the U.S. and Colombia, announces that its annual report on Form 20-F for the year ended December 31, 2024, has been filed with the U.S. Securities and Exchange Commission. ASUR has also published its 2024 Sustainability Report, which discusses the company's environmental, social, governance performance. You can access PDF ...

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.5 million in March 2025, marking a year-over-year increase of 1.2% compared to March 2024 [1][2][4] Passenger Traffic Summary - Passenger traffic increased by 13.7% in Puerto Rico, 3.1% in Colombia, while it decreased by 3.0% in Mexico [2][4] - In Puerto Rico, international traffic rose by 12.0% and domestic traffic by 13.8% [2][4] - Colombia experienced an 8.4% increase in international traffic and a 1.6% increase in domestic traffic [2][4] - Mexico saw a 5.7% decrease in international traffic, which was partially offset by a 1.1% increase in domestic traffic [2][4] Detailed Traffic Figures - For March 2025, Mexico's total passenger traffic was 3,902,720, down 3.0% from 4,024,853 in March 2024 [4][6] - Domestic traffic in Mexico increased slightly by 1.1% to 1,593,163, while international traffic decreased by 5.7% to 2,309,557 [4][6] - In Puerto Rico, total passenger traffic reached 1,323,498, up 13.7% from 1,164,522 in March 2024 [4][6] - Colombia's total passenger traffic was 1,319,997, reflecting a 3.1% increase from 1,280,754 [4][6] Year-to-Date Performance - Year-to-date figures show a total of 10,945,137 passengers in Mexico, a decrease of 4.8% from 11,496,410 in the same period last year [4][6] - In Puerto Rico, year-to-date traffic increased by 10.6% to 3,608,582 from 3,261,896 [4][6] - Colombia's year-to-date traffic rose by 6.4% to 4,046,354 from 3,804,230 [4][6] Company Overview - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia [7] - The company is a significant player in the airport sector, particularly with its operations at Cancun Airport, a major tourist destination [7] - ASUR is also a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico [7]

Group 1: Stock Performance - Grupo Aeroportuario del Sureste (ASR) shares increased by 10.6% in the last trading session, closing at $285.93, following a period of 10.5% loss over the past four weeks [1] - The company has seen a year-to-date stock performance gain of 11% despite tariff-related tensions [2] Group 2: Earnings Expectations - ASR is expected to report quarterly earnings of $5.52 per share, reflecting an 11.1% year-over-year decline, while revenues are projected to be $462.64 million, up 5.6% from the previous year [3] - The consensus EPS estimate for ASR has been revised 1.1% higher over the last 30 days, indicating a positive trend that may lead to price appreciation [4] Group 3: Industry Context - Grupo Aeroportuario del Sureste operates within the Zacks Transportation - Services industry, where Matson (MATX) is another player, having closed 0.5% higher at $130.10, but with a -8.7% return in the past month [4] - Matson's consensus EPS estimate has increased by 73.7% over the past month to $2.64, representing a 153.9% change from the previous year [5]

Financial Data and Key Metrics Changes - Total revenues for Q4 2024 increased by 19% year-on-year to MXN 7.4 billion, reflecting strong performance across all regions [11][12][22] - Net majority income for the year rose 33% year-on-year to MXN 13.6 billion, supported by resilient operational performance and a foreign exchange gain of MXN 2 billion [22][23] - Consolidated EBITDA increased by 23% year-on-year to over MXN 5 billion, with an adjusted EBITDA margin improving by 200 basis points to 69.7% [18] Business Line Data and Key Metrics Changes - Passenger traffic was flat year-on-year, down 0.3% at 17.7 million passengers for Q4, with full-year traffic at 71 million [5] - Colombia's revenue grew by 30%, while Mexico and Puerto Rico saw low teens growth, with Mexico accounting for 72% of total revenues [12][13] - Commercial revenues per passenger grew in the high single digits year-on-year, reaching MXN 130 in Q4 [15] Market Data and Key Metrics Changes - Colombia experienced mid-teens growth in passenger traffic, with international traffic up 29% and domestic traffic up 7% [6][7] - Puerto Rico's total traffic increased nearly 10%, supported by a strong growth in international traffic [7] - Mexico's performance remained soft, with an 8% decline in passenger traffic, affected by Pratt & Whitney engine restrictions and capacity constraints at Mexico City Airport [8][9] Company Strategy and Development Direction - The company aims to strengthen its airport network through strategic infrastructure investments to enhance passenger experience and expand commercial opportunities [22][23] - Expansion projects include the construction and expansion of Terminal 1 at Cancun Airport, expected to be completed by 2026, and Terminal 4 by 2028 [21] - The company is focused on recovering commercial opportunities lost due to capacity restrictions, particularly in Terminal 2 [29][46] Management's Comments on Operating Environment and Future Outlook - Management expects traffic trends to normalize in Q1 2025 towards sustainable levels, with improvements anticipated by the end of Q3 2025 regarding capacity restrictions [28][33] - The company acknowledges ongoing challenges from Pratt & Whitney engine issues but expects a gradual improvement in operations [27][93] - Management remains optimistic about the resilience of markets like Colombia and Puerto Rico, with expectations for continued growth [50] Other Important Information - Total expenses increased by 13% year-on-year, primarily due to increased concession fees and minimum wages in Mexico [17] - Capital expenditure accelerated to MXN 2.5 billion in Q4, accounting for half of the total MXN 4.4 billion for the year [19][20] Q&A Session Summary Question: Traffic growth expectations and airline network development in Mexico - Management indicated that traffic will continue to be affected by capacity restrictions and Pratt & Whitney issues, but improvements are expected by Q3 2025 [27][28] Question: Capacity increase at Mexico City Airport - Management noted that there are discussions about lifting capacity restrictions at Mexico City Airport, potentially by Q3 2025 [32][33] Question: International traffic flow nuances - Management reported that international traffic from Canada was nearly flat, with no significant changes due to political rhetoric in the U.S. [36][38] Question: Tulum Airport's impact on Cancun - Management confirmed that Tulum's traffic is included in regulatory calculations, but it is not termed as compensation [68][70] Question: Commercial revenue targets post-expansion - Management stated that there are no specific targets for commercial revenues per passenger, as it is a moving target [45][46] Question: Updates on Dominican Republic assets - Management indicated that there are no updates on the Dominican Republic asset, as the legal process continues [82][84]

Core Points - General Motors has approved a $0.03 increase in its quarterly common stock dividend, raising it to $0.15 per share, effective with the next planned dividend in April 2025 [3] - The company has authorized a new $6 billion share repurchase program, with an initial $2 billion to be executed through an accelerated share repurchase (ASR) program [1][5] - Capital spending for 2025 is projected to be between $10 billion and $11 billion, including over $8 billion for research and product development [2] Capital Allocation Strategy - The company is focused on three pillars: reinvesting in profitable growth, maintaining a strong investment-grade balance sheet, and returning capital to shareholders [2] - The share repurchase program aligns with the company's commitment to its capital allocation policy [4] Share Repurchase Details - The ASR program will involve an aggregate of $2 billion to retire GM common stock, with the total number of shares repurchased determined by the average daily volume-weighted prices during the program [5] - GM has $4.3 billion remaining under its share repurchase authorizations for additional opportunistic repurchases [6] Business Outlook - GM's business plan is deemed confident, with a strong balance sheet and agility to respond to public policy changes [4] - The company is leveraging advanced technology to build a diverse portfolio of vehicles, including both internal combustion engine (ICE) vehicles and electric vehicles (EVs) [7]

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.4 million in January 2025, reflecting a year-on-year increase of 1.7% compared to January 2024 [1][2]. Passenger Traffic Summary - Passenger traffic in Colombia increased by 12.3%, driven by a 24.2% rise in international traffic and an 8.7% increase in domestic traffic [2][4]. - In Puerto Rico, passenger traffic grew by 9.3%, with international traffic up by 20.5% and domestic traffic increasing by 8.0% [2][4]. - Conversely, Mexico experienced a decline in passenger traffic of 4.1%, with international traffic down by 6.5% and domestic traffic decreasing by 0.7% [2][4]. Detailed Traffic Breakdown - For Mexico, total passenger traffic was 3,714,152 in January 2025, down from 3,871,735 in January 2024 [4][6]. - Domestic traffic in Mexico was 1,611,881, a slight decrease of 0.7% from the previous year [4][6]. - International traffic in Mexico saw a more significant decline, falling to 2,102,271, a decrease of 6.5% [4][6]. - In Puerto Rico, total passenger traffic reached 1,216,168, marking a 9.3% increase [4][6]. - Colombia's total passenger traffic was 1,495,926, reflecting a 12.3% increase [4][6]. Company Overview - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia [7]. - The company is a significant player in the airport sector, particularly with Cancun Airport being a major tourist destination [7]. - ASUR is also involved in a joint venture for the operation of Luis Muñoz Marín International Airport in San Juan, Puerto Rico [7].

Investment Philosophy - The company emphasizes a value investing approach that aligns with personality and analytical strengths, focusing on realistic market performance rather than supernatural trading abilities [1] - A significant portion of the portfolio is maintained in index funds, while active investments are concentrated on carefully selected opportunities [1] Market Focus and Strategy - The company specializes in identifying value opportunities, particularly in small and mid-cap sectors where market inefficiencies are prevalent [1] - As a contrarian value investor, the focus is on industry leaders in out-of-favor sectors, quality companies facing temporary setbacks, and businesses with strong balance sheets and robust cash generation [1] Analytical Approach - The analytical framework prioritizes balance sheet strength from a credit perspective, near-term cash flow generation, next twelve-month earnings forecasts, and book value analysis, especially for financial sector investments [1] Professional Background - The company's value investing strategy is supported by over 10 years of experience in financial sector consulting, specifically with banks, insurance companies, and payment firms, which aids in identifying overlooked opportunities [1] - A practical and down-to-earth investment approach is maintained, focusing on straightforward value investing principles combined with industry expertise and patience for reliable results [1]

Group 1 - Grupo Aeroportuario del Sureste (NYSE: ASR) is one of Mexico's three publicly traded airport operators, controlling nine airports in Mexico, six in Colombia, and one in Puerto Rico [1] - The company is involved in the management and operation of airports, which is a critical infrastructure sector in the region [1] - The investment group led by Ian Bezek focuses on high-quality compounders and growth stocks, indicating a strategy that may align with the growth potential of airport operations in Latin America [2]