ASUR ANNOUNCES 4Q24 RESULTS

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total revenue increase of 31.2% year-over-year, reaching Ps.9,020.6 million for the fourth quarter of 2024 [3][5] - Passenger traffic overall declined by 0.3% year-over-year, with significant variations across regions: Mexico saw an 8.0% decrease, while Puerto Rico and Colombia experienced increases of 9.6% and 14.1%, respectively [5][3] - The company’s EBITDA rose by 22.5% year-over-year to Ps.5,111.3 million, with an adjusted EBITDA margin improvement to 69.7% from 67.7% in the previous year [5][3] Financial Highlights - Total Revenue: Increased from Ps.6,876.9 million in Q4 2023 to Ps.9,020.6 million in Q4 2024, a growth of 31.2% [3] - Net Income: Rose by 37.2% year-over-year to Ps.3,589.7 million [3][5] - Earnings per Share: Increased from 8.4570 pesos to 11.3819 pesos, reflecting a 34.6% growth [3][5] - Cash Position: Ended the year with Ps.20,083.4 million, a 44.8% increase [5] Operational Highlights - Passenger Traffic: - Mexico: Decreased by 8.0%, with international traffic down 7.5% and domestic traffic down 8.6% [5] - Puerto Rico: Increased by 9.6%, driven by a 28.9% rise in international traffic and a 7.3% rise in domestic traffic [5] - Colombia: Increased by 14.1%, with international traffic up 20.4% and domestic traffic up 12.5% [5] - Commercial Revenues per Passenger: Increased by 9.4% year-over-year to Ps.130.2 [5] Capital Expenditure and Debt - Capex: Increased significantly by 257.9% year-over-year to Ps.2,532.7 million [3] - Net Debt: Increased from Ps.(1,648.1 million) to Ps.(6,724.0 million), reflecting a 308.0% change [3]