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 — Q1 2026 Earnings Presentation
21 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 28, 2026
Slide 1: 1Q26 earnings conference call
OMA will hold its 1Q26 earnings conference call on April 28, 2026 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 13759955. The conference call will also be available by webcast at: https://viavid.webcasts.com/starthere.jsp?ei=17
Slide 2: Total passenger traffic reached 6.7 million
Total passenger traffic reached 6.7 million passengers, an increase of 4.7% as compared to 1Q25. During the quarter, of total traffic, 84.3% was domestic and 15.7% was international. Domestic passenger traffic grew 5.7%, compared to 1Q25, while international traffic decreased 0.5%. The airports with
Slide 3: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 93.2% as of March 31, 2026. Freight Logistics Services § OMA Carga’s revenues increased by 7.8%, as compared to 1Q25. Hotel Services § The NH Collection Terminal 2 Hotel had an 85.0% occupancy rate, compared to
Slide 4: Non-aeronautical revenues increased 3.8%
Non-aeronautical revenues increased 3.8%.
Slide 5: Diversification revenues decreased 1.1%
Diversification revenues decreased 1.1%, mainly due to lower revenues from Hotel 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 20.0% as compared to 1Q25, mainly due to increases in minor maintenance, and contracted security and cleaning services, and other costs such as transportation, retirement provisio
Slide 8: Major maintenance provision expense
The major maintenance provision expense was Ps.108.7 million, and reflects provision requirements under the recently approved master development program. The outstanding balance of the maintenance provision as of March 31, 2026 was Ps.2,771 million. The airport concession tax increased 2.2% to Ps.26
Slide 9: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,081 million, 1.4% lower than 1Q25, with an operating margin of 54.5%. Adjusted EBITDA was Ps.2,421 million, 2.1% higher than 1Q25, with a margin of 73.4%.
Slide 10: Financing Expense and Net Income
Financing Expense and Net Income Financing Expense was Ps.310.3 million compared to Ps.312.3 million in 1Q25.
Slide 11: Consolidated net income in the quarter
Consolidated net income in the quarter was Ps.1,239 million, a decrease of 4.1% as compared to 1Q25. Earnings per share , based on net income of the controlling interest was Ps.3.19, and earnings per ADS was US$1.41. Each ADS represents eight Series B shares.
Slide 12: MDP and Strategic Investments
MDP and Strategic Investments In 1Q26, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.604 million, comprised of Ps.519 million in improvements to concessioned assets, Ps.58 million in major maintenance and Ps.28 million in strategic investments.
Slide 13: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 1Q26, cash flows from operating activities generated cash of Ps.1,729 million. In the first quarter of 2026, investing activities used cash for Ps.791 million. Financing activities used c
Slide 14: Cash flow summary, January to March 31
From January 1 to March 31, (Ps. Thousands) 2025 2026 %Var Income Before Taxes 1,798,904 1,770,618 (1.6) Items not affecting Operating Activities, net 915,159 1,011,937 10.6 (451,799) (691,596) 53.1 Net Flow from Operating Activities 1,918,240 1,729,335 (9.8) Net Flow from Investing Activities (781,
Slide 15: Passenger Traffic
Total Passengers Acapulco Ciudad Juarez Culiacan Chihuahua Durango Mazatlan Monterrey Reynosa San Luis Potosi Tampico Torreon Zacatecas Zihuatanejo —__ Domestic Passengers Acapulco Ciudad Juarez Culiacan Chihuahua Durango Mazatlan Monterrey Reynosa San Luis Potosi Tampico Torreon Zacatecas Zihuatane
Slide 16: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. de C. Unaudited Consolidated Balance Sheet (Thousands of Pesos) December 31, March 31, March 31, % Var % Var 2025 2025 2026 Mar26/Mar25 Mar26/Dec25 Assets Current Assets Cash and Cash Equivalents 2,266,520 3,098,092 3,662,282 616 18.2 Trade Accounts Recei
Slide 17: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuario del Centro Norte, S. Unaudited Consolidated Statement of Comprehensive Income (Thousands of Pesos) 1925 1Q26 % Nar Revenues Aeronautical Revenues 2,337,316 2,436,827 4.3 Non-Aeronautical Revenues 828,600 860,323 3.8 Aeronautical Revenues + Non-Aeronautical Revenues 3,165,916 3,29
Slide 18: Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, S le jated Cash Flow Statement (Thousands of Pesos) From January 1 to March 31, 2025 2026 % Nar. Operating Activities Income BeforeTaxes 798,904 1,770,618 (1.6) Depreciation and Amortization 207,613 231,336 11.4 Major Maintenance Provision 53,435, 108,682 103.4
Slide 19: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A.B. de CV. Unaudited Statement of Changes in Stockholders’ Equity ‘As of March 31, 2025 (Thousand Pesos) Additional Share Non- Total Number of Capital stock Retained Repurchase Labor Controlling Stockholder's Shares Nominal Earnings Reserve Obligations Intere
Slide 20: Operating Results by Airport
d Oper: g Results by Airport (Thousands of Pesos) Monterrey 1Q25 1Q26 Culiacan 1Q25 1026 Total Revenues 1,525,331 1,645,884 Total Revenues 220,178 276,403 Aeronautical Revenues 1,108,942 1,150,598 Aeronautical Revenues 193,175 191,936 Non- Aeronatical Revenues 247,791 252,726 Non- Aeronatical Revenu
Slide 21: 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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