Corporación América Airports S.A. reported its unaudited consolidated results for the first quarter of 2025, showcasing solid financial performance. The company recorded a 6.4% year-over-year increase in consolidated revenues ex-IFRIC12, amounting to $416.9 million. This growth was driven by a 6.8% rise in Aeronautical Revenues and a 6.1% increase in Commercial Revenues. Adjusted EBITDA ex-IFRIC12, excluding the impact of rule IAS 29, increased by 4.0% to $157.9 million. However, the operating income for the quarter declined to $104.0 million from $124.8 million in the first quarter of 2024. Passenger traffic saw a significant increase of 7.3%, reaching 20.4 million, while cargo volume grew by 9.1% to 95.9 thousand tons. The company maintained a strong liquidity position with cash and cash equivalents totaling $448.6 million as of March 31, 2025. Net debt to LTM Adjusted EBITDA remained stable at 1.1x. The CEO, Mr. Martín Eurnekian, highlighted the strong recovery in Argentina and traffic growth across all markets as key contributors to the robust start in 2025.
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