Grupo Aeroportuario Del Centro Norte Sab De Cv Class B · BMV:OMA/B
Grupo Aeroportuario Del Centro Norte Sab De Cv Class B — Central North Airport Group — Q3 2025 Earnings Presentation
30 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 24, 2025
Slide 1: 3Q25 summary
Mexico City, Mexico, October 23, 2025— Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), today reported its unaudited, consolidated financial and operating results for the third quarter 2025 (3Q25). 3Q25 summary § Passenger traffic
Slide 2: Earnings conference call details
OMA will hold its 3Q25 earnings conference call on October 24, 2025 at 12:00 p.m. Eastern time, 10:00 a.m. Mexico City time. Call +1-877-407-9208 or +1-201-493-6784. The conference ID is 13756341. The conference call will also be available by webcast at: https://viavid.webcasts.com/starthere.jsp?ei=
Slide 3: Passenger traffic
Total passenger traffic reached 7.6 million passengers, an increase of 7.7% as compared to 3Q24. During the quarter, of total traffic, 86.4% was domestic and 13.6% was international. Domestic passenger traffic grew 7.2%, compared to 3Q24, while international traffic increased 11.2%. The airports wit
Slide 4: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 95.5% as of September 30, 2025. Freight Logistics Services § OMA Carga’s revenues increased by 0.4%, as compared to 3Q24. Hotel Services § The NH Collection Terminal 2 Hotel had an 87.8% occupancy rate, compared
Slide 5: Diversification revenues
Diversification revenues increased 8.2%, mainly due to higher revenues from Industrial Services.
Slide 6: Construction revenues
Construction revenues represent the value of improvements to concessioned assets. They are equal to construction costs and generate neither a gain nor a loss. Construction revenues and costs are determined based on the advance in the execution of projects in accordance with the airports’ Master Deve
Slide 7: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 14.4% as compared to 3Q24, mainly due to increases in Payroll, Contracted Services, and Other costs and expenses, which include, among others, higher costs and expenses related to
Slide 8: Major maintenance provision and concession tax
The major maintenance provision expense was Ps.28.1 million. The outstanding balance of the maintenance provision as of September 30, 2025, was Ps.2,505 million. The airport concession tax increased 10.4% to Ps.289.6 million, as a result of the increase in revenues. In relation to the change in the
Slide 9: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,403 million, 10.8% higher than 3Q24, with an operating margin of 61.2%. Adjusted EBITDA was Ps.2,654 million, 9.0% higher than 3Q24, with a margin of 74.8%.
Slide 10: Adjusted EBITDA excluding concession tax; financing expense
*Excluding the incremental effect of the concession tax on aeronautical revenues, OMA's Adjusted EBITDA would have been Ps.2,763 million, with a margin of 77.9% during 3Q25. For the nine months ended on September 30, 2025, Adjusted EBITDA would have been Ps.7,901 million, with a margin of 77.8%. Fin
Slide 11: Net income and earnings per share
Consolidated net income in the quarter was Ps.1,510 million, an increase of 9.1% as compared to 3Q24. Earnings per share , based on net income of the controlling interest was Ps.3.90, and earnings per ADS was US$1.70. Each ADS represents eight Series B shares.
Slide 12: Airport Project MDP Investments
Airport Project MDP Investments tatus Culiacén Expansion and remodeling of Terminal In Process Monterrey Second phase of the expansion and remodeling of Terminal A In Process Monterrey Supply and installation of HVAC in three buildings In Process Torredn Second phase of the Terminal Building expansi
Slide 13: Debt maturity and profile
(Ps. Thousands) reduled Maturity ShortTerm Debt Credit Lines payable at maturity in May 2025; Ps. 600mm May 2025 TIE + 60 bps zs 600.000 7 Total Short-Term Debt : 600,000 - Long-Term Debt S-yr Bond, Ps. 1,000 mm: OMAZ1V April 2026 TIlE 28 +75 bps 1,000,000 3,000,000 1,000,000 F-yr Bond, Ps. 2,500 mm
Slide 14: Cash flow summary
From July 1 to September 30, From January 110 2028 2025 var] (Ps Thousands) 2024 Income Before Taxes 1,896,162 5,207,811 5,791,226 m2 trems not affecting Operating Activities, net 881,856 907,682 29 2,348,408 2,909,693 239 Changes in operational assets and liabilities, net (685,405) 1.476) 44 (2,312
Slide 15: Passenger Traffic - Total Passengers
Grupo Aeroportuario del Centro Norte, Passenger Traffic de (Terminal Passengers - Excludes Transit Passengers) Total Passengers 3Q24 3Q25 % Var 9M 2024 9M 2025 % Var ‘Acapulco 162,235 161,165 (0.7) 446,143 501,000 12.3 Ciudad Juarez 559,010 567,214 a5 1,589,057 1,589,382, 0.0 Culiacan 588,000 542,65
Slide 16: Domestic Passengers
Domestic Passengers 3Q24 3Q25 ‘% Var 9M 2024 ‘9M 2025 % Var ‘Acapulco 153,961 151,966 (1.3) 424,751 464,958 o5 Ciudad Juarez 556,554 564,303 14 1,582,915 1,581,695, (0.1) Culiacan 575,594 532,030 (76) 1,620,494 1,587,754 (2.0) Chihuahua ‘442,640 480,404 85 1,255,072 1,298,116 34 Durango 108,821 109,
Slide 17: International Passengers
International Passengers 3024 3025 % Var 9M 2024 9M 2025 % Var Acapulco 8,274 9,199 12 21,392 36,042 68.5 Ciudad Juérez 2,456 2911 18.5 6,142 7,687 25.2 Culiacén 12,406 10,629 (14.3) 34,426 29,773 (13.5) Chihuahua 46,820 49,016 47 118,914 129,794 O41 Durango 35,161 35,679 15 86,173 92,564 74 Mazatla
Slide 18: Consolidated Balance Sheet
‘Acroportuario del Centro Norte, S.A. nsolidated Balance (Thousands of Pesos) September 30, December 31, September 30, Var % Var 2024 2004 2025, Sept25/Sept24 Sept25/Dec24 Assets Current Assets Cashand Cash Equivalents 2,397,671 1,656,365 4,485,481 asd 168.4 Trade Accounts Receivable - Net 1728018 1
Slide 19: Liabilities and Stockholders' Equity
Liabilities and Stockholder's Equity Current Liabilities Bank Debt Current Portion of Long-Term Debt Current Portion of Major Maintenance Provision Current Portion of Financial Leases Trade Accounts Payable ‘Taxes and Accrued Expenses Accounts Payable to Related Parties Total Current Liabilities, Lo
Slide 20: Consolidated Income Statement
Norte, S.A. (Thousands of Pesos) 3024 3025 Var 9m 2024 9M 2025 Var Revenues ‘Aeronautical Revenues 2,415,883 2,672,748 10S = 6674044 7,589,298 137 Non-Aeronautical Revenues, 814,620 874,040 73 2,238,506 2,560,950 144 ‘Aeronautical Revenues + Non-Aeronautical Revenues 3,230,453 3,586,784 98 8913550 1
Slide 21: Operating Income to Net Income
‘Operating Income 2,168,323 2,403,168 108 = 5,889,762 6,810,321 15.6 Operating Margin (%) 58.6% 61.2% 53.7% 575% Financing (Expense) Income: Interest income 46,832 62,569 336 197,960 340320 (291) Interest (Expense) (339,808) (357,075) 54 (917,728) (1,116,743) 27 Exchange Gain (Loss) - Net 20,815, (4
Slide 22: Net income attribution, EPS and EBITDA
Consolidated Net Income attributable to: Non-Controlling interest 7,201 Sat (292) 13,923 17,998 292 Controlling Interest 1,377,382 1,508,373 92 3741570 4126503 102 Consolidated Comprehensive Income attributable to: Non-Controlling interest 7,201 Sat (292) 13,923 17,998 292 Controlling Interest 1,377
Slide 23: Unaudited Consolidated Cash Flow
Grupo Aeroportuario del Centro Norte, Unaudited Consolidated Cash Flow (Thousands of Pesos) From July 1 to September 30, From January 1 to September 30, 2024 2025, 36 Var. 2024 2025 36 Var. Operating Activities Income Before Taxes, 1,896,162 2104,409 19 5,207,811, 5,791,226 uz Depreciation and Amort
Slide 24: Cash Flow - Changes and Investment Activities
‘Changes in: ‘Trade Accounts Receivable - Net Recoverable Taxes ‘Other Accounts Receivable ‘Accounts Payable ‘Taxes and Accrued Expenses Taxes Paid ‘Accounts Payable to Related Parties Major Maintenance Payments ver Long-Term Liabilities, Net Flow from Operating Activities Investment Activities ‘Acq
Slide 25: Cash Flow - Financing Activities
‘Cash How before Financing Activities 1,058,674 14598470 37.9 2.662.859 3,840,861 44.2 Financing Activities Sank Loans- Receved 2 : na : sooq00 ona Bank Loans Paid - - na : (200000) ona ete isvence 2 : na : 2750000 ona ete lssuance Expenses - (32) ona : a5) na Related parry Loans Received 24,500 740
Slide 26: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del centro Norte, 5.8.6. de Unaudited statement of crangesin stockholders Equity sof september 30,2028 [Thousand Peso) Additional Share Non otal numberof capital stock aid-in Retained Repurchase Labor contralling stockholders shares Nominal capital Eamnings Reserve obligations te
Slide 27: Operating Results by Airport
Grupo Aeroportuarlo del Centro Norte, S.A.B. d Unaudited Operating Results by Airport (Thousands of Pesos) Monterrey 3024 3025 9M 2024 9M 2025 Cullacsn, 3024 3025, 9M 2024 9M 2025, Total Revenues 1,660,553 1,871,708 4873356 5,779,381 Total Revenues 300,372 232,443 291,116 715,350 ‘Aeronautical Reven
Slide 28: Operating Results by Airport (continued)
Mazatlan Zihuatanejo Total Revenues 181,608 183,576 673,532 626,186 Total Revenues 62,659 87,332, 304,033, 299,537 ‘Aeronautical Revenues 160,590 155,601, 524121, 528,596 ‘Aeronautical Revenues 50,826 64,732 208,290 235,184 Non- Aeronatical Revenues 1g.6a1 18,280 52,928 62,065 Non- Aeronatical Reven
Slide 29: Hotel and Industrial Park Results
Consorcio Grupo Hotelero 72) Consorclo Hotelero Aeropuerto Monterrey Revenues 33,850, 35,751 237,207 247,644 Income from Operations 27,208 23,982 69,205, 69,383, EBITDA, aia 38,480 110,613 112,235, OMA VYNMSA Aero Industrial Park Revenues 33,054 53,295 102,871, 167,816 Income from Operations 18,386
Slide 30: About OMA
About OMA Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, a
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