Corporación América Airports S.A. $(CAAP)$ reported a strong financial performance for the second quarter of 2025, driven by solid traffic growth. The company recorded consolidated revenues ex-IFRIC12 of $435.2 million, marking an 18.9% increase year-over-year. This growth was fueled by a 22.0% rise in commercial revenues and a 15.1% increase in aeronautical revenues. Excluding the impact of rule IAS 29, the consolidated revenues ex-IFRIC12 saw a 20.7% increase to $438.5 million. Key operating metrics for the quarter showed a 13.7% increase in passenger traffic, reaching 20.7 million passengers, a 2.2% rise in cargo volume to 97.2 thousand tons, and a 10.2% increase in aircraft movements totaling 214.4 thousand. The operating income for the period was $117.3 million, compared with $92.9 million in the same quarter of the previous year. Argentina led the performance with record passenger traffic for the quarter, supported by sustained demand recovery and multiple route additions. Brazil also experienced double-digit growth, with Italy, Uruguay, and Armenia posting solid gains, while Ecuador remained stable. The company's cash and cash equivalents stood at $497 million, with a net debt to LTM adjusted EBITDA ratio of 1.0x. The CEO, Martín Eurnekian, highlighted the strong second-quarter performance, noting the broad-based traffic growth and meaningful EBITDA margin expansion, reflecting the strength of their diversified portfolio and disciplined execution.