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Grupo Aeropuerto SEC Filings

GPAEF OTC

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Grupo Aeroportuario del Pacífico (GAP) reports that shareholders have approved the business combination of the Cross Border Xpress (CBX) and related technical assistance and technology transfer services through the merger of several entities into GAP, including strategic partner Aeropuertos Mexicanos del Pacífico (AMP). The meeting reached a quorum of 88.1% of shareholders, and around 96% of the votes cast supported the transaction.

To complete the merger, GAP expects to issue approximately 90 million net new shares. GAP states that it currently has approximately 505 million shares outstanding and estimates that this will rise to approximately 595 million shares outstanding once the merger shares are delivered. Management highlights the use of “majority of the minority” approval standards and an advance information process as key governance features for this milestone transaction.

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Grupo Aeroportuario del Pacífico reports that total terminal passengers across its airports reached 5,130.7 thousand in November 2025, a 2.0% decrease compared with November 2024. Traffic at the company’s 12 Mexican airports rose 3.5%, led by Guadalajara up 6.7% and Puerto Vallarta up 4.5%, while Tijuana and Los Cabos saw slight declines. In Jamaica, Kingston traffic increased 2.5%, but Montego Bay fell 73.4% as Hurricane Melissa severely disrupted the destination’s tourism infrastructure. Available seats grew 6.8% year over year, while the load factor declined from 85.2% to 78.1%, indicating more capacity than demand. The company also added new routes from Guadalajara to Toronto, Bogotá, several Mexican cities, and from Puerto Vallarta to Toronto, and notes that recovery at Montego Bay will depend on how quickly hotel capacity is restored.

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Grupo Aeroportuario del Pacífico (GPAEF) reported that total terminal passengers in October 2025 decreased 0.8% versus October 2024. Across its 12 Mexican airports, passengers rose 0.7%, with Guadalajara +2.1% and Puerto Vallarta +1.7%, while Tijuana -4.2% and Los Cabos -2.1%. In Jamaica, traffic fell sharply due to Hurricane Melissa, with Montego Bay -17.6% and Kingston -13.0%.

Capacity rose as seats increased 6.0%, and the load factor declined to 80.9% from 86.5% a year earlier. Cross‑Border Xpress (CBX) users at Tijuana were -8.7% year over year. Year‑to‑date total passengers reached 52,683.2 thousand, up 3.2% versus the same period of 2024. GAP noted the report’s operational data for Jamaica corresponds to October 1–25, when both airports operated regularly; commercial operations resumed after the hurricane on October 30 (Kingston) and October 31 (Montego Bay).

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Grupo Aeroportuario del Pacífico (GAP) plans to combine its outsourced technical assistance services with the Cross Border Xpress (CBX)

If approved, GAP expects to issue approximately 90 million net new shares representing capital stock. On the effective date, GAP would also assume US$290 million in cash and cash equivalents and approximately US$74 million in financial debt tied to the transaction.

CBX handled about 4.0 million passengers in 2024 and 3.0 million in the first nine months of 2025, generating EBITDA of roughly US$94 million and US$75 million, respectively. CBX has driven growth at Tijuana International Airport, whose traffic rose from 4.9 million in 2015 to 12.6 million in 2024 (11.1% CAGR). During 2024 and the first nine months of 2025, 32.3% and 31.5% of Tijuana’s passengers used CBX.

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Grupo Aeroportuario del Pacífico (GAP) reported an operational update for Sangster International Airport in Montego Bay after Hurricane Melissa. The airport reopened on Oct. 30 at 4 p.m. local time for evacuation flights and humanitarian aid while crews work to restore essential infrastructure and assess damage to facilities and equipment.

In coordination with local authorities and following safety protocols, limited commercial operations are expected to resume on Nov. 1 at 7:00 a.m. local time. GAP emphasized that full restoration of commercial operations will occur only once all systems and procedures meet its highest safety standards. The company reiterated that the safety and well‑being of passengers, employees, and partners remains its top priority and said it will provide timely updates on Montego Bay operations.

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Grupo Aeroportuario del Pacífico (PAC) updated on Hurricane Melissa’s impact in Jamaica. Kingston (Norman Manley) reopened for humanitarian flights at 4:00 p.m. local time, with commercial operations resuming on October 30, 2025, at 7:00 a.m. The runway, terminal, boarding bridges, security systems, and key equipment were inspected under international protocols and deemed suitable.

Montego Bay (Sangster) remains suspended while technical teams complete structural, electrical, and operational assessments to enable evacuation and humanitarian flights. GAP is coordinating with authorities, airlines, and aid groups, emphasizing operational safety and support for recovery efforts.

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Grupo Aeroportuario del Pacífico (PAC) reported operational disruptions in Jamaica due to Hurricane Melissa. Operations were suspended at Kingston Airport on October 25 at 9:00 p.m. and at Montego Bay Airport on October 26 at 12:00 p.m., following directives from aviation and civil protection authorities.

The company is assessing damage and coordinating with authorities to safely resume operations to support humanitarian aid. For the first nine months of 2025, Jamaica accounted for 11.0% of total passenger traffic and 8.8% of consolidated EBITDA, framing the potential near‑term impact while airports remain closed.

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Grupo Aeroportuario del Pacífico (PAC) reported stronger 3Q25 results, with total revenues up Ps. 1,343.9 million or 16.3% to Ps. 9,576.6 million, driven by aeronautical (+18.3%) and non‑aeronautical (+15.6%) growth. EBITDA rose 12.8% to Ps. 5,085.6 million, while income from operations increased 11.5%. Passenger traffic across 14 airports grew 2.5%, aided by new domestic and international routes.

Net income increased 36.0% to Ps. 2,696.0 million, but comprehensive income declined 6.2% to Ps. 2,457.8 million due to a negative currency translation effect. Margins eased as concession and technical fees rose and IFRIC‑12 construction recognition expanded; EBITDA margin (ex‑IFRIC‑12) moved from 67.0% to 64.3%.

Liquidity remained solid with cash and equivalents of Ps. 11,699.5 million as of September 30, 2025. The company issued long‑term bond certificates totaling Ps. 8,500.0 million to fund Ps. 7,000.0 million of capital investments and repay a Ps. 1,500.0 million loan, and refinanced a USD$40.0 million credit line to September 18, 2030.

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Grupo Aeroportuario del Pacífico (GPAEF)0.9% year over year to 4,401.9k. Across its 12 Mexican airports, traffic rose 1.0%. Performance was mixed by location: Puerto Vallarta +2.6% and Guadalajara +0.3%, while Los Cabos -4.8%, Tijuana -0.6%, and Montego Bay -0.3%.

By segment, domestic passengers increased 3.3% to 2,821.1k, while international passengers decreased 3.2% to 1,580.8k. Seats available rose 1.3% and the monthly load factor was 80.7% versus 81.0% a year ago. CBX users at Tijuana declined 7.3% to 262.7k.

Year to date (Jan–Sep), total passengers reached 47,808.4k, up 3.6%, reflecting steady domestic gains and softer international volumes in select markets.

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What is the current stock price of Grupo Aeropuerto (GPAEF)?

The current stock price of Grupo Aeropuerto (GPAEF) is $26.445 as of December 31, 2025.
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