Corporacion America Airports SA (CAAP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Corporacion America Airport third quarter 2025 conference call. A slide presentation accompanies today's webcast and is available in the investor section of the company's website. As a reminder, all participants are in a listen-only mode. There will be an opportunity to ask questions at the end of the presentation. At this time, I would like to turn the call over to Patricio Agnichi Esnola, Head of Investor Relations. Please go ahead, Patricio. Thank you. Good morning, everyone, and thank you for joining us today. Speaking during today's call will be Martín Ormequian, our Chief Executive Officer, and Jorge Arruda, our Chief Financial Officer. Before we proceed, I would like to make the following safe harbor statement. Today's call will contain four looking statements, and I refer you to the four looking statements section of our earnings release and resume filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. Please note that throughout this call, all references to revenues, costs, adjusted EBITDA, and margin will refer to figures excluding IFRIC 12. Also, all comparisons discussed are year-over-year unless otherwise noted. I will now turn the call over to our CEO, Martín Ormequén. Thank you, Iñaki. Good day, everyone, and thank you for joining us today. We delivered another very strong quarter at CAP, with solid execution across the board. Passenger traffic was up more than 9%, supported by good momentum in other markets. Italy and Armenia reached historical records, and Argentina continued to perform exceptionally well, with double-digit growth in both international and domestic travel. Revenue growth once again outpaced traffic. rising 17% ...