Grupo Aeroportuario del Sureste (NYSE:ASR) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Company ParticipantsAdolfo Castro Rivas - CEOConference Call ParticipantsAndressa Varotto - Equity AnalystAnton Mortenkotter - Equity Research AnalystOperatorAs a reminder, today's call is being recorded. Now, I'd like to turn this call over to Mr. Adolfo Castro, Chief Executive Officer. Please go ahead, sir.Adolfo Castro RivasThank you, Dave, and good morning, everyone, and thank you for joining us today to discu ...

Financial Data and Key Metrics Changes - Total revenues were flat year-on-year at MXN 7.3 billion, reflecting softer traffic in Mexico and the FX impact from the appreciation of the Mexican peso [10][11] - Consolidated EBITDA decreased nearly 5% to MXN 4.9 billion during the quarter, with adjusted EBITDA margin declining 330 basis points to 66.4% year-on-year [13] - Net Majority Income for the fourth quarter decreased 22% to MXN 2.7 billion, primarily due to a non-cash foreign exchange loss and an adjustment in amortization methodology [14][15] - For the full year, total revenues increased nearly 19% to MXN 37 billion, while net income declined 20% year-on-year to MXN 10.9 billion [15] Business Line Data and Key Metrics Changes - Aeronautical and non-aeronautical revenues were essentially unchanged during the quarter [10] - Commercial revenue per passenger increased 1% year-on-year to nearly MXN 132, with Colombia posting the strongest performance with a 12% gain [11] - The company opened 41 additional retail and service units across the network over the past year, contributing to a low single-digit increase in commercial revenues [11] Market Data and Key Metrics Changes - Passenger traffic handled was 17.9 million, up nearly 1% year-on-year, with nearly 72 million passengers traveling through airports during the year [8] - Traffic in Mexico was essentially flat, with domestic traffic slightly below prior year levels, while international traffic showed modest improvement [8] - Colombia delivered the strongest performance with a nearly 6% increase in traffic, while Puerto Rico's traffic declined 3% [9] Company Strategy and Development Direction - The company completed its expansion into the U.S. airport commercial market with the acquisition of URW Airports, now ASUR US, at an enterprise value of $295 million [3][4] - A purchase agreement was signed to acquire Motiva's stake in its airport portfolio for BRL 5 billion, which would add approximately 45 million passengers annually to the network [5][6] - The company aims to enhance geographic diversification and create long-term operational opportunities while adhering to a disciplined acquisition strategy [7] Management's Comments on Operating Environment and Future Outlook - Management noted that while near-term traffic trends in some markets have moderated, the structural demand drivers for air travel in the region remain intact [17] - The company expects traffic in Mexico to gradually stabilize as aircraft availability improves, with positive momentum anticipated in Puerto Rico and Colombia [10] Other Important Information - Capital expenditures during the fourth quarter were MXN 3.9 billion, with a total of MXN 7.8 billion invested in CapEx for the full year [16] - The company returned value to shareholders in the form of dividends, totaling MXN 24 billion during 2025 [7] Q&A Session Summary Question: Additional projections about ASUR US acquisitions and Motiva Airports acquisition updates - Management indicated that the first 20 days of ASUR US results are not normalized for the full year 2026, with expectations for a significant jump due to the new Terminal 1 at JFK Airport [19][20] - The Motiva acquisition process is progressing well, though it may take time due to aeronautical approvals [20][21] Question: Clarification on the lower tax rate - Management confirmed that the lower tax rate is related to the results of the year and not a one-off effect [22][23] Question: Initiatives driving commercial performance in Puerto Rico and Colombia - Management highlighted efforts in Puerto Rico to improve convenience stores and duty-free operations, while Colombia's performance was supported by new retail units [27][28]

Grupo Aeroportuario del Sureste (NYSE:ASR) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Speaker3As a reminder, today's call is being recorded. Now, I'd like to turn this call over to Mr. Adolfo Castro, Chief Executive Officer. Please go ahead, sir.Speaker0Thank you, Dave, and good morning, everyone, and thank you for joining us today to discuss ASUR's results for the 4th quarter and full year 2025. Before I begin discussing our results, let me remind you that certain statements made during the call t ...

Core Viewpoint - Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][4]. Technical Analysis - A "golden cross" occurs when a stock's 50-day simple moving average crosses above its 200-day simple moving average, suggesting a potential bullish breakout [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer moving average, and maintaining upward momentum [3]. Performance Metrics - Over the past four weeks, ASR has gained 8.6%, indicating positive momentum [4]. - ASR currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Outlook - The earnings outlook for ASR is positive, with one upward revision in earnings estimates over the past 60 days and no downward revisions, leading to an increase in the Zacks Consensus Estimate [4]. - The combination of the technical indicator and positive earnings estimates makes ASR a candidate for investors' watchlists [6].

Core Viewpoint - The article discusses the investment insights and research provided by Ian Bezek, a former hedge fund analyst, focusing on high-quality compounders and growth stocks in Latin America and developed markets [2]. Group 1 - Ian Bezek has a decade of experience conducting on-the-ground research in Latin America, specifically in markets such as Mexico, Colombia, and Chile [2]. - The investing group led by Ian, called Ian's Insider Corner, offers features like a Weekend Digest, trade alerts, and direct access to Ian for members [2]. - The group emphasizes the importance of identifying high-quality growth stocks at reasonable prices [2].

Exhibit 99.1 [This document is an English translation provided for informational purposes only. In event of any discrepancy between this translated document and the Spanish original, the original should prevail.] CORPORATE RESTRUCTURING INFORMATION STATEMENT December 4, 2025 GRUPO AEROPORTUARIO DEL SURESTE, S.A.B. DE C.V. Bosque de Alisos 47-A, Piso 4 Col. Bosques de las Lomas, Cuajimalpa de Morelos C.P. 05120, Ciudad de México, México Markets where listed: Bolsa Mexicana de Valores, S.A.B. de C.V. and New ...

Financial Data and Key Metrics Changes - Total revenues increased in the middle single digits, reaching over MXN 7,000,000,000, driven by growth in Puerto Rico and Colombia [9][10] - EBITDA declined just over 1% year on year to MXN 4,600,000,000, with a decline in Mexico's EBITDA close to 4% [14][15] - The adjusted EBITDA margin declined by 157 basis points to 66.7% [15] Business Line Data and Key Metrics Changes - In Puerto Rico, revenues grew in the high single digits, with a 5% increase in aeronautical revenues and a 10% increase in non-aeronautical revenues [11] - Colombia accounted for 20% of total revenues, delivering revenue growth in the high single digits, reflecting a mid single-digit increase in aeronautical revenues and high teens growth in non-aeronautical revenues [11][12] - Mexico's total revenues posted a slight low single-digit decline, with aeronautical revenues practically flat and non-aeronautical revenues down in the middle single digits [10][11] Market Data and Key Metrics Changes - Passenger traffic in Colombia rose 3% to nearly 5,000,000, supported by an 11% increase in international traffic [7] - In Puerto Rico, total traffic was up 1%, reaching over 3,000,000 passengers, driven by a nearly 12% increase in international passengers [7] - In Mexico, traffic declined 1% to nearly 10,000,000 passengers, reflecting a nearly 2% decrease in domestic traffic and a slight contraction of 0.8% in international traffic [8] Company Strategy and Development Direction - The company entered into a tentative agreement to acquire URW airports for an enterprise value of $295,000,000, marking a significant step in its international expansion strategy [4][5] - The acquisition aims to strengthen the company's position in the high-growth non-regulated commercial segment in the U.S. [5][6] Management's Comments on Operating Environment and Future Outlook - Management anticipates a more balanced operating environment across its portfolio, expecting traffic in Mexico to gradually stabilize over the next year [8] - Positive momentum is expected to continue in Puerto Rico and Colombia, supported by healthy international demand and improving credit yields [8] Other Important Information - Total expenses increased nearly 17% year on year, with significant increases in Colombia due to an adjustment in amortization method [13] - The company closed the quarter with a solid cash position of MXN 16,000,000,000, down 19% from the previous year, primarily due to dividend payments [16][17] Q&A Session Summary Question: Can you shed light on the URW acquisition's economics and expected EBITDA contribution? - Management could not share specific numbers until all approvals are in place [20][21] Question: Can you elaborate on the adjustment to the concession amortization method in Colombia? - The adjustment aligns monetization with revenue generation and is expected to be a new level going forward [21][22] Question: What synergies or strategic rationale does the company see behind the URW acquisition? - The acquisition is crucial for establishing a presence in the U.S. market, which represents 22% of the global aviation market [27][28] Question: Is the company looking at all Motiva airports for sale or just a subset? - Management could not comment on this matter [30][32] Question: What are the traffic trends in Mexico, particularly regarding Tulum Airport? - Traffic is currently weak, with a decrease of 3.1% for the region, but improvements are expected in the next year [32][33] Question: Is the new mutual level in Gangloo expected to open around Q3 2026? - The expected opening is during the third quarter of 2026 [34][35] Question: Is there a shift in capacity allocation from Cancun? - No shift in capacity is observed; the demand is weak due to various factors [37][38] Question: Could the decrease in traffic accelerate the pace of driving tariffs towards maximum tariffs? - Management does not foresee a change in maximum tariff compliance, which should remain similar to the previous year [39][40]

Company Overview Regulation Operational Information Commercial Revenues Financial Information Strategic Matters International Some of the statements contained in this presentation discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR's filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on v ...

Core Insights - The article promotes Ian's Insider Corner, which offers access to investment reports, trade alerts, and a chat room for members [1] Group 1 - Ian Bezek has a decade of experience as a hedge fund analyst and has conducted extensive research in Latin American markets, focusing on countries like Mexico, Colombia, and Chile [2] - The investment strategy emphasizes high-quality compounders and growth stocks at reasonable prices in both the US and developed markets [2]

I am an individual investor with over five years of experience in personal investing, holding a PhD in Economics from UCEMA. My investment approach focuses on value companies with solid long-term potential. I share my knowledge with the community by offering analysis to support individual investors. My articles reflect personal opinions and do not constitute financial advice.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...