Resolutions Adopted at the Annual General Ordinary Shareholders’ Meeting for Grupo Aeroportuario Del Pacifico on April 22, 2026

Grupo Aeroportuario del Pacífico (NYSE: PAC) reported resolutions from its April 22, 2026 shareholders meeting with 84.01% quorum.

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (NYSE: PAC) reported resolutions from its April 22, 2026 shareholders meeting with 84.01% quorum.

Key actions: net income of $9,343,142,610 MXN moved to retained earnings; retained earnings balance $20,379,864,675 MXN; a MXN 20.80 per-share dividend declared payable within 12 months; new share repurchase program authorized up to MXN 2,500,000,000 for 12 months; board appointments and committee ratifications completed.

Positive

• Net income of MXN 9,343,142,610 transferred to retained earnings
• Declared cash dividend of MXN 20.80 per share, payable within 12 months
• Authorized share repurchase program up to MXN 2,500,000,000 for 12 months
• Quorum of 84.01% at the shareholders meeting

Negative

• Dividend reduces retained earnings available; remaining balance unspecified post-payment
• Share repurchase uses up to MXN 2,500,000,000, which may limit near-term cash flexibility

Argus Apr 24 session

+2.38% close to close Open Argus

Details

News Market Reaction – PAC

On Apr 24, the first trading day after this news, PAC closed 2.38% above the previous close.

Data tracked by StockTitan Argus for the Apr 24 session.

Key Figures

2025 net income: $9,343,142,610.00 MXN Retained earnings: $20,379,864,675.00 MXN Dividend per share: $20.80 MXN +5 more

2025 net income

$9,343,142,610.00 MXN

Net income for fiscal year ended Dec 31, 2025 (non-consolidated, MFRS)

Retained earnings

$20,379,864,675.00 MXN

Retained earnings pending allocation before new dividend

Dividend per share

$20.80 MXN

Cash dividend per share, payable within 12 months after Apr 22, 2026

Buyback authorization

$2,500,000,000.00 MXN

Maximum amount for share repurchases in the 12 months after Apr 22, 2026

Cancelled prior buyback

$2,500,000,000.00 MXN

Cancellation of remaining amount under program approved Apr 24, 2025

AGM quorum

84.01%

Quorum at the April 22, 2026 Annual General Ordinary Shareholders’ Meeting

Transaction reporting threshold

US$3,000,000

Minimum size for reported asset or service transactions under bylaws

Whistleblower phone

800 04 ETICA (38422)

Mexican whistleblower hotline number disclosed in the release

Historical Context

5 past events · Latest: Apr 20

5 events

1. Apr 20

   1Q26 earnings

   24h Move

   +3.1%

   Reported higher 1Q26 revenues and comprehensive income with solid profitability.

2. Apr 17

   Annual report filing

   24h Move

   -0.3%

   Filed 2025 annual report and Form 20-F with regulators and exchanges.

3. Apr 07

   Traffic update

   24h Move

   +4.3%

   Announced an 8.9% March 2026 passenger decline versus prior year.

4. Mar 31

   Bond issuance

   24h Move

   +0.7%

   Completed Ps.10,718.0m bond issuance to fund CBX stake and capex.

5. Mar 23

   Debt refinancing

   24h Move

   +2.9%

   Repaid GAP 23L bond using a new Ps.1,120.0m credit facility.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

mexican securities market law, mexican general corporations law, mexican financial reporting standards, international financial reporting standards, +3 more

7 terms

mexican securities market law regulatory

"In compliance with Article 28 section IV of the Securities Market Law, the following..."

A national law that sets the rules for how securities (stocks, bonds, and other tradable financial instruments) are issued, traded and supervised in Mexico. It matters to investors because it shapes transparency, reporting requirements, market oversight and investor protections—like an owner’s manual and referee combined—so you can evaluate risks, trust market information and seek remedies if rules are broken.

mexican general corporations law regulatory

"in accordance with ... the Mexican Securities Market Law and Article 172 of the Mexican General Corporations Law..."

The Mexican General Corporations Law is the primary rulebook that sets how companies in Mexico are formed, run, bought or wound down, and how shareholders exercise rights. For investors it matters because it defines legal protections, voting rules, financial reporting and liability for managers—like a playbook for corporate behavior that affects governance, transparency and the value or risk of owning shares in Mexican businesses.

mexican financial reporting standards financial

"on an unconsolidated basis in accordance with Mexican Financial Reporting Standards (“MFRS”)"

A set of official accounting rules used by companies in Mexico to prepare and present their financial statements, similar to a recipe or rulebook that tells firms what to record and how to show it. Investors care because these rules determine how revenue, expenses, assets and liabilities appear on reports, affecting comparisons, valuation and perceived risk—so understanding the standards helps interpret results and compare companies fairly.

international financial reporting standards financial

"on a consolidated basis in accordance with International Financial Reporting Standards (“IFRS”)"

International Financial Reporting Standards are a common set of accounting rules used by companies in many countries to prepare and present their financial statements. They matter to investors because they make results easier to compare across borders — like using the same measuring tape — so investors can assess profitability, cash flow and risk more reliably and spot differences that come from business performance rather than differing accounting methods.

legal reserve fund regulatory

"without setting aside any amount for the legal reserve fund, since the current fund..."

A legal reserve fund is a portion of a company's profits that laws or its bylaws require it to set aside and keep as retained earnings rather than pay out to shareholders. Like a locked emergency savings account, it strengthens the company’s ability to cover debts and absorb losses, so investors watch it to gauge financial resilience and how much profit is actually available for future dividends or growth.

securities market law regulatory

"in accordance with Article 56 of the Securities Market Law."

Securities market law is the set of rules that regulate how financial investments, such as stocks and bonds, are bought and sold. It helps ensure fair treatment for all investors, prevents fraud, and maintains trust in the financial system—similar to traffic laws that keep roads safe and orderly. These laws are essential for creating a transparent and stable environment where people can confidently invest their money.

whistleblower regulatory

"GAP has implemented a “whistleblower” program, which allows complainants to anonymously..."

A whistleblower is an employee, contractor, or insider who alerts regulators, investors, or the public about illegal, unethical, or dangerous practices within an organization — like someone sounding an alarm in a crowded room. Their disclosures matter to investors because they can reveal hidden risks, trigger investigations, fines, or legal claims, and rapidly change a company’s reputation and stock value. Whistleblowers may receive legal protections and, in some cases, financial rewards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUADALAJARA, Mexico, April 23, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces the following resolutions adopted at the Annual General Ordinary Shareholders’ Meetings held yesterday, with a quorum of 84.01%:

I.		In compliance with Article 28 section IV of the Securities Market Law, the following were approved:
	a)	The Chief Executive Officer’s report regarding the results of operations for the fiscal year ended December 31, 2025, in accordance with Article 44, Section XI of the Mexican Securities Market Law and Article 172 of the Mexican General Corporations Law, together with the external auditor’s report, with respect to the Company on an unconsolidated basis in accordance with Mexican Financial Reporting Standards (“MFRS”), as well as with respect to the Company and its subsidiaries on a consolidated basis in accordance with International Financial Reporting Standards (“IFRS”), based on the latest statements of financial position for fiscal year 2025 under both standards, as well as the Sustainability Report for fiscal year 2025.
	b)	Board of directors’ opinion on the Chief Executive Officer’s report.
	c)	Board of directors’ report in accordance with Article 172, clause b, of the Mexican General Corporations Law, regarding the Company’s main accounting policies and criteria, as well as the information used to prepare the Company’s financial statements.
	d)	Report on transactions and activities undertaken by the Company’s Board of Directors during the fiscal year ended December 31, 2025, pursuant to the Mexican Securities Market Law.
	e)	Report on the activities carried out by the Audit and Corporate Practices Committee in accordance with Article 43 of the Securities Market Law. Ratification of the actions taken by the different committees and release from further obligations in the fulfillment of their duties.
	f)	Report on compliance with the Company’s tax obligations for the fiscal year from January 1 to December 31, 2024. Instruction to the Company’s officers to comply with the corresponding tax obligations for the fiscal year from January 1 to December 31, 2025, in accordance with Article 26 section III of the Mexican Fiscal Code.
II.		Ratification of the actions of our Board of Directors and the Company’s management and release from further obligations in the fulfillment of their duties.
III.		Approval of the Company’s non-consolidated financial statements for the period from January 1 to December 31, 2025, prepared under MFRS for purposes of the legal reserve, profit allocation, calculation of tax effects of dividend payments and capital reductions, if applicable. Also, the consolidated financial statements of the Company and its subsidiaries prepared under IFRS for publication in the securities markets, regarding the operations carried out during the fiscal year from January 1 to December 31, 2025, and approval of the external auditor’s opinion with respect to both financial statements.
IV.		Approval that the net income obtained by the Company during the fiscal year ended December 31, 2025, reported in the Company’s non-consolidated financial statements presented to the meeting under Item III above and audited under MFRS, amounting to $9,343,142,610.00 (NINE BILLION THREE HUNDRED FORTY-THREE MILLION ONE HUNDRED FORTY-TWO THOUSAND SIX HUNDRED TEN PESOS 00/100 M.N.), be fully transferred to the account of retained earnings pending allocation, without setting aside any amount for the legal reserve fund, since the current fund represents 20% of the historical capital stock required by Article 20 of the Mexican General Corporations Law.
V.		Approval that from the retained earnings pending allocation account, which amounts to $20,379,864,675.00 (TWENTY BILLION THREE HUNDRED SEVENTY-NINE MILLION EIGHT HUNDRED SIXTY-FOUR THOUSAND SIX HUNDRED SEVENTY-FIVE PESOS 00/100 M.N.), a dividend of $20.80 (TWENTY PESOS 80/100 M.N.) per share be declared, payable to the holders of each of the shares outstanding on the payment date, excluding the shares repurchased by the Company in accordance with Article 56 of the Securities Market Law. The remaining balance, after the dividend payment, will remain in the retained earnings pending allocation account. The dividend will be payable in one or more installments within the 12 (twelve) months following April 22, 2026.
VI.		Approval of the cancellation of any amount outstanding under the share repurchase program approved at the Annual General Ordinary Shareholders’ Meeting held on April 24, 2025, in the amount of $2,500,000,000.00 (TWO BILLION FIVE HUNDRED MILLION PESOS 00/100 M.N.). Also, approval of the maximum amount to be allocated for the repurchase of the Company’s own shares or securities representing such shares for an amount of $2,500,000,000.00 (TWO BILLION FIVE HUNDRED MILLION PESOS 00/100 M.N.), for the period of 12 (twelve) months following April 22, 2026, in accordance with Article 56 section IV of the Securities Market Law.
VII.		Acknowledge of the designation of the four principal members of the Board of Directors and their respective alternates appointed by the Series “BB” shareholders as follows:
		Proprietary members                                     Alternate members Laura Díez Barroso Azcárraga                        Claudia Laviada Díez Barroso Emilio Rotondo Inclán                                      Roberto Ángel Ramírez García Juan Gallardo Thurlow                                     Mónica Sánchez Navarro Rivera Torres María de los Reyes Escrig Teigeiro                 Carlos Alberto Rohm Campos
VIII.		It is registered that there was no designation of person(s) that will serve as member(s) of the Company’s Board of Directors, by any holder or group of holders of Series B shares that owns, individually or collectively, 10% or more of the Company’s capital stock.
IX.		Ratification and designation of Carlos Cárdenas Guzmán, Ángel Losada Moreno, Joaquín Vargas Guajardo, Juan Diez-Canedo Ruíz, Luis Téllez Kuenzler, Jerónimo Marcos Gerard Rivero and Alejandra Yazmín Soto Ayech, as members of the Board of Directors, designated by the Series “B” shareholders.  As of this date, the Board of Directors will be comprised as follows:  Proprietary members                                    Alternate members Laura Díez Barroso Azcárraga                       Claudia Laviada Díez Barroso Emilio Rotondo Inclán                                     Roberto Ángel Ramírez García Juan Gallardo Thurlow                                    Mónica Sánchez Navarro Rivera Torres María de los Reyes Escrig Teigeiro                Carlos Alberto Rohm Campos Carlos Cárdenas Guzmán                              Not applicable Ángel Losada Moreno                                     Not applicable Joaquín Vargas Guajardo                               Not applicable Juan Diez-Canedo Ruíz                                  Not applicable Luis Téllez Kuenzler                                        Not applicable Jerónimo Marcos Gerard Rivero                     Not applicable Alejandra Yazmín Soto Ayech                         Not applicable
X.		Ratification of Mrs. Laura Díez Barros Azcárraga as Chairwoman of Company’s the Board of Directors, in accordance with Article Sixteenth of the Company’s bylaws.
XI.		Approval of the compensation paid to members of the Company’s Board of Directors during fiscal year 2025 and the compensation to be paid to the Company’s Board of Directors for the 2026 fiscal year proposed by the Compensation and Nominations Committee.
XII.		Ratification of Mr. Luis Téllez Kuenzler, as member of our Board of Directors designated by the Series “B” shareholders to serve as member of the Nominations and Compensation Committee, in accordance with Article Twenty-Eighth of the Company’s bylaws.
XIII.		Ratification of Mr. Carlos Cárdenas Guzmán as President of the Audit and Corporate Practices Committee.
XIV.		It was informed the Report in accordance with Article Twenty-Ninth of the Company’s bylaws regarding transactions involving the acquisition of goods or services, contracting of works, or sale of assets equal to or greater than US$3,000,000 (THREE MILLION U.S. DOLLARS) or its equivalent in Mexican pesos or other currencies, or transactions carried out by relevant shareholders, if any.
XV.		Approval of special delegates that can appear before a Notary Public to formalize the resolutions adopted at this meeting.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Alejandra Soto Investor Relations and Social Responsibility Officer Gisela Murillo, Investor Relations

asoto@aeropuertosgap.com.mx gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much net income did PAC report for fiscal year 2025 and what happened to it?

The company reported MXN 9,343,142,610 net income and moved it to retained earnings. According to the company, that amount was fully transferred to the retained earnings pending allocation account for potential distribution or retention.

What dividend did PAC declare on April 22, 2026 and when will it be paid?

PAC declared a cash dividend of MXN 20.80 per share, payable within 12 months. According to the company, the dividend will be paid in one or more installments to holders on the payment date, excluding repurchased shares.

What is the size and term of the new PAC share repurchase program approved April 22, 2026?

The board authorized repurchases up to MXN 2,500,000,000 during the 12 months following April 22, 2026. According to the company, this cancels the prior authorization and sets the same maximum amount for the new 12-month period.

Who were ratified or appointed to PAC’s board at the April 22, 2026 meeting?

Several directors were ratified and designated, including Laura Díez Barroso as chairwoman and other proprietary and alternate members. According to the company, the full board composition and committee roles were confirmed at the meeting.

What retained earnings balance did PAC report before the declared dividend?

The retained earnings pending allocation account totaled MXN 20,379,864,675 before the dividend. According to the company, the declared MXN 20.80 per-share distribution will be paid from that retained earnings balance.