EarningsQ2 2026 Earnings Report
DE:AED Q2 2026 EPS Results
Actual EPS€0.37
Consensus EPS€0.43
Beat/MissMissed by -€0.05
One Year Ago EPS€0.35
DE:AED Q2 2026 Revenue Results
Actual Revenue€468.46M
Expected Revenue€442.36M
Beat/MissBeat by +€26.10M
YoY Revenue Growth+9.91%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
DE:AED Upcoming Earnings
Grupo Aeroportuario del Sureste SA de CV's next earnings date is estimated for October 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:AED Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: solid cash generation, improved consolidated EBITDA and net income, low leverage, meaningful commercial revenue growth, and clear strategic progress (Motiva, ASUR US, Cancun expansion, internalization) are significant positives. These were tempered by near-term demand headwinds—notably sharp traffic declines at Cancun and Puerto Rico, aeronautical revenue contraction, a sizable adjusted EBITDA margin decline, rising recurring insurance and wage-driven costs, and delays in U.S. terminal openings. Overall, the positives (financial strength, strategic M&A and commercial momentum) slightly outweigh the operational and traffic challenges, but management remains cautious about timing of recovery.Company Guidance
Stable Consolidated Revenues
Total revenues were broadly stable at MXN 7.4 billion year-over-year, demonstrating resilience amid a challenging operating backdrop.
EBITDA and Profit Growth
Consolidated EBITDA increased nearly 9% to MXN 4.6 billion and net majority income rose 7% to MXN 2.3 billion, indicating improved profitability despite traffic headwinds.
Strong Operating Cash Generation and Balance Sheet
First-half operating cash flow totaled MXN 7.3 billion (+21% year-over-year). Cash and cash equivalents were nearly MXN 12 billion and Net Debt/EBITDA stood at a conservative 0.9x LTM, providing financial flexibility.
Non-Aeronautical Revenue Strength
Non-aeronautical revenues increased nearly 10%, supported by ASUR US contribution (MXN 444 million) and strong performance in Colombia (around +30% in non-aero), highlighting success of commercial strategy.
Commercial Revenue Per Passenger Improvement
Commercial revenue per passenger rose nearly 13% to MXN 153 per passenger, reflecting the growing contribution of higher-yielding commercial operations and recent retail expansions.
Commercial Footprint Expansion
ASUR added 40 new commercial spaces over the last 12 months (29 in Colombia, 8 in Puerto Rico, 3 in Mexico) and completed a $125 million commercial transformation of JFK Terminal 8 with over 60 dining, retail, duty-free and experiential concepts.
Strategic M&A and International Growth (Motiva)
Proposed Motiva acquisition would add a portfolio of 20 airports across Brazil, Ecuador, Costa Rica and Curaçao (~45 million passengers annually) and provide entry into Brazil, materially increasing geographic diversification and scale.
Capital Allocation & Shareholder Returns
Board proposed two extraordinary cash dividends of MXN 10 per share each (Nov 24 and Dec 15) and proposed internalization of technical assistance (eliminating external recurring fees), signaling confidence in cash generation and disciplined capital allocation.
Ongoing Investment Program
Capex stepped up to MXN 2.0 billion in the quarter, with major projects advancing including Cancun Terminal 1 (expected Q4) and Terminal 4 phase 2 at Cancun (operational by end-2028) to expand capacity and improve flows.
DE:AED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed