In This Article:
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Total Passenger Traffic Growth (Q4 2024): 4.6% increase, with domestic traffic up 1.5% and international traffic up 26.4%.
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Full Year Domestic Traffic (2024): Declined by 3.5% compared to 2023.
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Full Year International Traffic (2024): Increased by 15% compared to 2023.
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Commercial Revenue Per Passenger (2024): MXN60, a 17% increase from 2023.
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Restaurant Revenue Growth (2024): Increased by 22% compared to 2023.
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VIP Lounge Revenue Growth (2024): Increased by 51% compared to 2023.
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Parking Revenue Increase (2024): MXN33 million compared to 2023.
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OMA Cargo Growth (2024): Increased by 22%.
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Hotel Services Revenue Growth (2024): Nearly 20% increase compared to 2023.
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Industrial Service Revenue Growth (2024): Increased by 61%.
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Aeronautical Revenue Growth (2024): Increased by 2% compared to 2023.
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Non-Aeronautical Revenue Growth (2024): Increased by 17% compared to 2023.
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Adjusted EBITDA (2024): MXN9.1 billion with a margin of 74.3%.
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Q4 2024 Revenue: MXN3.3 billion, with aeronautical revenue up 11% and non-aeronautical revenue up 22%.
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Commercial Revenue Growth (Q4 2024): Increased by 19% compared to Q4 2023.
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Diversification Revenue Growth (Q4 2024): Increased by 28%.
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Industrial Services Growth (Q4 2024): Increased by 130.8% to MXN47 million.
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Hotel Services Growth (Q4 2024): Increased by 19%.
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OMA Carga Growth (Q4 2024): Increased by 18%.
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Adjusted EBITDA (Q4 2024): MXN2.4 billion with a margin of 73.8%.
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Consolidated Net Income (Q4 2024): MXN1.2 billion, a decrease of 5.9% from Q4 2023.
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Cash Generated from Operating Activities (Q4 2024): MXN1.9 billion.
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Cash Balance (End of Q4 2024): MXN1.7 billion.
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Total Debt (End of Q4 2024): MXN11.5 billion.
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Net Debt to Adjusted EBITDA Ratio (End of Q4 2024): 1.1 times.
Release Date: February 25, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) reported a 4.6% increase in total passenger traffic in the fourth quarter of 2024, with international passenger traffic growing by 26.4%.
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The company achieved a record high commercial revenue per passenger of MXN60 in 2024, a 17% increase compared to 2023.
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OMA's cargo business grew by 22% in 2024, driven by organizational changes to improve efficiency and customer service.
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The industrial park business saw a 61% increase in revenue, supported by strong industrial activity in the Monterrey region and the depreciation of the Mexican peso against the US dollar.
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All 13 OMA airports obtained Level 3 Optimization Certification on the Airport Carbon Accreditation Program, highlighting the company's commitment to sustainable airport management.