Grupo Aeroportuario del Sureste (ASUR) raised third-quarter revenue 18.9% to 10.42 billion Mexican pesos as passenger traffic slipped 1.2%, with declines in Mexico and Puerto Rico weighing on its airport network.
Revenue excluding construction services was Ps.7.83 billion, up 12.6%, while construction-services revenue rose 43% to Ps.2.59 billion. ASUR said it records construction revenue alongside matching costs under IFRIC 12. That revenue adds to sales but not EBITDA, while affecting the margin calculation. EBITDA increased 1.7% to Ps.4.72 billion, but the adjusted margin excluding IFRIC 12 narrowed to 60.3% from 66.7%.
Mexico handled 9,084,716 passengers, down 4.6% from a year earlier, and Puerto Rico recorded 3,247,661, a 3.2% decline. Colombia traffic rose 5.2% to 4,679,491. Brazil & Others had 3,924,970 passengers, up 1.4% on a September-only comparison. Across ASUR's network, domestic traffic grew 2.1%, while international traffic fell 8.2%.
The Brazil & Others figures cover September because ASUR completed its acquisition of Motiva's CPC Aeroportos interests on Sept. 1. The deal added 20 airports: 17 in Brazil and one apiece in Costa Rica, Curazao and Ecuador. The acquired businesses contributed Ps.841.2 million in revenue and Ps.313.2 million in EBITDA during the month. ASUR also reported Ps.456.4 million in revenue from U.S. commercial operations acquired in December 2025, with no comparable contribution in the year-earlier quarter.
Quarterly net income increased 4.4% to Ps.2.31 billion. For the first nine months of 2026, net income fell 6.2% to Ps.7.62 billion.
As of Sept. 30, ASUR reported Ps.20.09 billion in cash and equivalents, Ps.69.97 billion in total debt and Ps.49.88 billion in net debt. Net debt was 2.6 times trailing 12-month EBITDA, compared with 0.2 times a year earlier. The company said the increase in debt primarily reflected Ps.21.01 billion tied to Brazil & Others and an unsecured bridge loan.
ASUR scheduled its results call for 10 a.m. ET (8 a.m. Mexico City time) Friday, Oct. 23, with CEO Adolfo Castro and investor-relations officer David Barlow.
