Grupo Aeroportuario del Pacifico Announces Results for the Second Quarter of 2025

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GUADALAJARA, Mexico, July 21, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company” or "GAP”) reports its consolidated results for the second quarter ended June 30, 2025 (2Q25). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS”) as issued by the International Accounting Standards Board ("IASB”).

Summary of Results 2Q25 vs. 2Q24

The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,922.2 million, or 30.6%. Total revenues increased by Ps. 3,623.0 million, or 49.9%.

Cost of services increased by Ps. 308.5 million, or 25.4%.

Income from operations increased by Ps. 1,067.6 million, or 30.4%.

EBITDA increased by Ps. 1,305.2 million, or 31.1%, an increase from Ps. 4,198.1 million in 2Q24 to Ps. 5,503.3 million in 2Q25. EBITDA margin (excluding the effects of IFRIC-12) went from 66.8% in 2Q24 to 67.1% in 2Q25.

Comprehensive income decreased by Ps. 658.9 million, or 22.8%, from an income of Ps. 2,893.9 million in 2Q24 to an income of Ps. 2,234.9 million in 2Q25.

Company’s Financial Position:

As of June 30, 2025, the Company reported a cash and cash equivalents position of Ps. 9,697.3 million. During the second quarter of 2025, the Company repaid the maturing bond certificate "GAP 21” for Ps. 2,500.0 million. In addition, the Company drew down a Ps. 3,375.0 million credit facility from Banco Nacional de México, S.A. ("Banamex”) with a five-year term, and the proceeds were used to refinance maturities in June and July 2025 with Banamex for Ps. 2,500.0 million and BBVA for Ps. 875.0 million.

Passenger Traffic

During 2Q25, the 14 airports operated by GAP recorded an increase of 624.7 thousand total passengers, representing a 4.1% increase compared to 2Q24.

During this period, the following new routes were launched:

Domestic:

AirlineDepartureArrivalOpening dateFrequenciesVivaHermosilloTijuanaMay 22, 20251 dailyVivaTijuanaHermosilloMay 22, 20251 dailyVivaLa PazSanta LucíaMay 22, 20251 dailyVivaLa PazTijuanaMay 22, 20251 dailyVivaTijuanaLa PazMay 22, 20251 dailyVivaTijuanaVeracruzMay 22, 20253 weeklyVivaTijuanaQuerétaroMay 23, 20254 weekly      Note: Frequencies can vary without prior notice.

International:

AirlineDepartureArrivalOpening dateFrequenciesWorld2FlyMontego BayLisboaJune 11, 20251 weekly      Note: Frequencies can vary without prior notice.

Domestic Terminal Passengers - 14 airports (in thousands):

Airport2Q242Q25Change6M246M25ChangeGuadalajara2,994.83,090.93.2%5,666.56,112.17.9%Tijuana *2,097.82,139.22.0%4,083.44,196.72.8%Los Cabos690.6739.77.1%1,328.31,408.66.0%Puerto Vallarta742.6830.411.8%1,317.41,484.012.6%Montego Bay0.00.00.0%0.00.00.0%Guanajuato514.3576.812.2%998.21,092.39.4%Hermosillo531.0545.52.7%988.51,054.26.6%Kingston0.50.1(84.2%)1.10.2(85.8%)Morelia153.3173.112.9%299.5359.219.9%Mexicali226.3305.735.1%514.6598.816.4%La Paz288.1328.113.9%559.4608.78.8%Aguascalientes166.2167.40.7%308.6319.23.4%Los Mochis141.8179.426.5%268.0344.428.5%Manzanillo30.331.43.5%66.266.1(0.1%)Total8,577.69,107.66.2%16,399.817,644.57.6%        *Cross Border Xpress (CBX) users are classified as international passengers.

International Terminal Passengers - 14 airports (in thousands):

Airport2Q242Q25Change6M246M25ChangeGuadalajara1,369.91,387.21.3%2,860.02,894.21.2%Tijuana *981.71,051.87.1%1,934.02,066.76.9%Los Cabos1,199.91,224.42.0%2,607.82,607.3(0.0%)Puerto Vallarta897.7849.1(5.4%)2,441.52,321.6(4.9%)Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato242.2252.74.3%489.3515.75.4%Hermosillo20.319.2(5.2%)43.640.1(7.9%)Kingston419.2453.58.2%810.6881.58.7%Morelia156.8155.9(0.6%)313.9330.15.1%Mexicali2.11.8(14.1%)3.83.6(4.0%)La Paz2.98.9202.1%6.117.6186.1%Aguascalientes81.782.5