Corporación América Airports Q4 Results Beat Expectations, Passenger Traffic Shows Strong Growth

LootboxPhobia · 2026-03-17T19:53:53+00:00

Corporación América Airports S.A. reported fourth quarter earnings per share of $0.65, with revenue of $545.4 million, representing a 18.3% year-over-year increase. Passenger traffic reached 22.3 million passengers, up 9.1% compared to the same period last year. Full-year passenger traffic grew 9.8%, with revenue growth of 8.4%. The company maintains strong liquidity and recently secured multiple airport concession agreements.

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2026-03-17 19:53:53

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Luxembourg - Corporación América Airports S.A. (NYSE:CAAP) announced fourth quarter earnings of $0.65 per share, beating analyst expectations of $0.36 by $0.29. Revenue reached $545.4 million, surpassing the market consensus of $476.46 million, a 18.3% increase compared to the same period last year. The stock rose 0.6% after the earnings release.

The airport operator reported that passenger traffic increased 9.1% year-over-year to 22.3 million passengers this quarter. Excluding construction services, revenue grew 17.3% year-over-year to $464.8 million, with airline revenue up 17.4% and commercial revenue up 16.3%. Adjusted EBITDA, excluding IFRIC 12, jumped 39.8% from $150.8 million in Q4 2024 to $210.7 million, with profit margins expanding 7.3 percentage points to 45.3%.

As of December 31, 2025, the company maintained strong liquidity, with cash and cash equivalents of $592.8 million and a net debt to adjusted EBITDA ratio of 0.7x.

Martín Eurnekian, CEO of Corporación América Airports, stated, “We closed the year with very strong Q4 results, achieving record passenger traffic both quarterly and annually, thanks to the comprehensive growth of our network. Excluding construction services, revenue increased 17% year-over-year, again outpacing passenger growth, with both airline and commercial revenues performing strongly.”

For the full year 2025, the company reported a 9.8% increase in passenger traffic to 86.7 million. Excluding construction services, revenue grew 8.4% to $1,756.4 million, and adjusted EBITDA increased 15.0% to $715.5 million, with the full-year adjusted EBITDA margin expanding 2.3 percentage points to 40.7%.

The company recently secured concession agreements for Baghdad International Airport in Iraq and Luanda New International Airport in Angola. In January 2026, the company extended its concession rights in Armenia by 35 years to 2067, committing to a $425 million investment.

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