Corporacion America Airports SA (CAAP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. . . . . . . Thank you. Thank you. ¶¶ ¶¶ Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Good morning and welcome to Corporacion America Airport's fourth 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 the 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 Inaki-Esnola, Head of Investor Relations. Patricio, you may go ahead. Thank you. Good morning, everyone, and thank you for joining us today. Speaking during today's call will be Martina Urmecchiani, 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 forward-looking statements, and I refer you to the forward-looking statements section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or same instances. Please note that from this call, all references to revenues, costs, and just a little bit of margin will refer to figures excluding IP club. Also, all comparisons discussed are year-over-year unless otherwise noted. I will now turn the call over to our CEO, Martín Aguileguián. Thank you, Iñaki, and good morning to everyone joining us today. We finished 2025 with a very solid performance. Across the business, we saw continued revenue momentum, strong profitability, and important progress on the strategic front. Passenger traffic remained robust in the fourth quarter, raising just over 9% year-over-year a...