Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
GAERF
Other OTC14.65
USD
- -
- -
CIK
0001378239
ISIN
MX01OM000018
Return %
Stock
S&P500
1Y
17.29
19.01
3Y
44.33
65.48
5Y
140.56
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ricardo Duenas Espriu
- Full Time Employees
- 1,163
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- Address
- Plaza Metrópoli Patriotismo, Piso 5 Mexico City ME Mexico 03800
- IPO Date
- Nov 1, 2013
- CIK
- 0001378239
- Website
- oma.aero
- Similar Companies
- Business
- Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (Ticker: GAERF) operates as a Mexican airport services company specializing in the development, operation, and maintenance of airport infrastructure. The company controls concessions for 13 international airports primarily located in the central and northern regions of Mexico, including major hubs such as Monterrey, Acapulco, Mazatlán, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas. Its main products and services encompass airport operations management, aeronautical services, commercial leasing including retail, parking, restaurants, VIP lounges, and hotel services, as well as industrial leasing through its related industrial park assets. The company generates revenue from aeronautical fees, commercial activities, and complementary services tailored to both domestic and international passengers, with approximately 88% of its passenger traffic being domestic. Grupo Aeroportuario del Centro Norte was founded in 1998 and is headquartered in Monterrey, Mexico. It serves a diverse customer base ranging from airline companies to airport retail tenants and travelers in strategic Mexican economic regions. Recent major company changes include a strategic financial and ownership development with Vinci Airports acquiring a significant 29.99% stake in 2022, consolidating its position as the largest shareholder. This transaction aligned Grupo Aeroportuario del Centro Norte with one of the world’s largest private airport operators and supports expansion and operational expertise. In 2024–2025, the company has continued infrastructure expansion efforts, particularly focused on the Monterrey Airport, including a terminal expansion project, taxiway improvements, and technology upgrades to enhance capacity and efficiency. The company recently completed a long-term note issuance worth 2.75 billion Mexican pesos to fund these projects. Operationally, the company reported robust growth through 2025 with passenger traffic rising 11%, aeronautical revenues up 11%, and commercial revenues growing 7%. Notably, passenger volume increased to approximately 7.6 million travelers in the latest quarterly reporting period, driven mainly by higher domestic travel demand. The company also reported growth in industrial leasing and hotel services, underscoring diversification in non-aeronautical revenue streams. Institutional investor interest remains strong, with increased holdings by major investment entities in 2025, reflecting confidence in the company’s growth and cash flow profile. Overall, Grupo Aeroportuario del Centro Norte is a leading airport operator in Mexico with a comprehensive portfolio of airport and ancillary services, backed by strategic international partnership, ongoing infrastructure investment, and consistent operational growth focused on key Mexican markets.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2026 Earnings Call Transcript