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 — Q4 2025 Earnings Presentation
23 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Feb 24, 2026
Slide 1: OMA Announces Fourth Quarter 2025 Operating and Financial Results
OMA Announces Fourth Quarter 2025 Operating and Financial Results
Slide 2: 4Q25 Operating Results: Operations, Passengers, and Cargo
OMA will hold its 4Q25 earnings conference call on February 24, 2026 at 12:30 p.m. Eastern time, 11:30 a.m. Mexico City time. Call +1-877-407-9208 or +1-201-493-6784. The conference ID is 13758404. The conference call will also be available by webcast at: https://viavid.webcasts.com/starthere.jsp?ei
Slide 3: Total passenger traffic reached 7.5 million
Total passenger traffic reached 7.5 million passengers, an increase of 6.0% as compared to 4Q24. During the quarter, of total traffic, 85.2% was domestic and 14.8% was international. Domestic passenger traffic grew 6.4%, compared to 4Q24, while international traffic increased 4.2%. The airports with
Slide 4: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 93.4% as of December 31, 2025. Freight Logistics Services ▪ OMA Carga’s revenues increased by 14.2%, as compared to 4Q24. Hotel Services ▪ The NH Collection Terminal 2 Hotel had an 86.6% occupancy rate, compared
Slide 5: Non-aeronautical revenues increased 7.5%
Non-aeronautical revenues increased 7.5%. Commercial revenues increased 8.4%, while commercial revenues per passenger reached Ps.61.7, an increase of 2.2% versus 4Q24. The line items with the largest increases were: ▪ Parking, +18.4%, driven by an increase in passenger traffic, higher penetration, a
Slide 6: Diversification revenues increased 4.8%
Diversification revenues increased 4.8%, mainly due to higher revenues from OMA Carga.
Slide 7: 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 8: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 11.6% as compared to 4Q24, mainly due to increases in minor maintenance, contracted security and cleaning services, as well as utilities, mainly energy costs.
Slide 9: Major maintenance provision and concession tax
The major maintenance provision expense was Ps.216.3 million. In the fourth quarter, OMA recognized the effects of the update to major maintenance requirements included in its Master Development Programs for the 2026–2030 period, which was approved in December 2025, resulting in an increase in the m
Slide 10: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,131 million, 2.9% lower than 4Q24, with an operating margin of 51.8%. Adjusted EBITDA was Ps.2,577 million, 5.9% higher than 4Q24, with a margin of 73.6%.
Slide 11: Adjusted EBITDA excluding concession tax; Financing Expense and Net Income
*Excluding the incremental effect of the concession tax on aeronautical revenues, OMA’s Adjusted EBITDA would have been Ps.2,684 million, with a margin of 76.7% during 4Q25. For the full year 2025, Adjusted EBITDA would have been Ps.10,585 million, with a margin of 77.5%. Financing Expense and Net I
Slide 12: Consolidated net income in the quarter
Consolidated net income in the quarter was Ps.1,223 million, an increase of 3.6% as compared to 4Q24. Earnings per share , based on net income of the controlling interest was Ps.3.15, and earnings per ADS was US$1.40. Each ADS represents eight Series B shares.
Slide 13: MDP and Strategic Investments
MDP and Strategic Investments In 4Q25, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.755 million, comprised of Ps.613 million in improvements to concessioned assets, Ps.81 million in major maintenance and Ps.61 million in strategic investments. The
Slide 14: MDP Investments and Status
jort MOP Investments Status Monterrey Culiacén Monterrey Monterrey Torreén Monterrey 2 Airports 2 Airports Monterrey Monterrey Mazatlan Chihuahua Tampico Culiacén Kilo platform construction Expansion and remodeling of Terminal Second phase of the expansion and remodeling of Terminal A Supply and ins
Slide 15: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 4Q25, cash flows from operating activities generated cash of Ps.1,851 million. In the fourth quarter of 2025, investing activities used cash for Ps.663 million. Financing activities mainl
Slide 16: Relevant Events
Relevant Events Approval of Master Development Program (MDP) for the 2026 - 2030 period. On December 18, 2025, OMA announced that it received approval from the Ministry of Infrastructure, Communications and Transportation (SICT), through the Federal Civil Aviation Agency (AFAC), of the Master Develo
Slide 17: Passenger traffic by airport
Grupo Aeroportuario del Cent (Terminal Passengers - Excludes Transit Passengers) ‘Total Passengers a4 4025s Var 2008 2005 _%6 Var ‘Acapulco 15467183452 —~—«8O~«OL SIO. —«BNASD—~«CB Chusad utres 556361 43408 (23) 2.145438 2,132,786 0.6) cculiacsn Sesa1¢ —u4g35 (69) 2.200038 2.162362) Chinuahus ansart
Slide 18: Unaudited Consolidated Balance Sheet
dec. Grupo Aeroportuario del Centro Norte, S. Unaudited Consolidated Balance Sheet (Thousands of Pesos) December 31, December 31, % Var 2024 2025, Dec25/Dec24 ‘Assets Current Assets Cash and Cash Equivalents 1,656,365 3,096,092 870 Trade Accounts Receivable - Net 1,845,965 2.010527 89 “Trade Account
Slide 19: Consolidated Income Statement
(Thowsanes of ese) om sas ver 200 ams ver ‘Aero Revenes 2601402 56 sazeses 10390720 us Non Aono Revers 9908 75 307se___3as0258 us “eronautia Revenues + Non-Acronatcal Revenues 300700 G1 waa76 iasso978 erry Taal Revenues awas (00) as072856 isseaaue 5 Operating costs Cast Sees 0.16 97 jasizs 160 4 eri
Slide 20: Cash Flow Statement
(rant of Pe) rom tnuary to December 3, ‘Operating Acts Income Before aes ssa agers a roma sage no Dereon nd Aeron 0108 mom us 756500 mas 359 oj Maen Pron shoe mess 4552 nee mes 3 Debi eure Psion wae se 613) vu wm 263) (rte so Ses of Machinery a guest Net ce sone 2) es) 04) terete 7305 ces) see esos)
Slide 21: Statement of Changes in Stockholders' Equity
Number of copia stock aida retained Repurchase Labor contting Stockholders shares Nominal capital amines Reserve tigations Interest cauty aloe sof December 34 2023 353.05 27a 23786 zaas 1500000 1s 3505, ssasm ‘Dende Declared (4207053) : : (23.500) (220883) Copal Rertusemant : : : (400) (2400) Compre
Slide 22: Notes to the Financial Information
Notes to the Financial Information Financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”), and presented in accordance with IAS 34 “Interim Financial Reporting.” For more information, please refer to our Quarterly Financial Information submitted to
Slide 23: 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 fourth largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo,
Central North Airport Group — Q4 2025 Earnings Presentation on 6ix