Corporacion America Airports S.A. (CAAP) saw its stock price soar 10.91% during intraday trading on Tuesday, following the release of its fourth-quarter and full-year 2025 financial results.

The significant surge is attributed to the company reporting earnings that substantially exceeded analyst expectations. CAAP posted Q4 earnings per share of $0.65, beating the consensus estimate of $0.37 by 75.68%. Quarterly sales reached $545.4 million, surpassing the estimated $488.37 million by 11.68%. Furthermore, adjusted EBITDA for the quarter was $215 million, well above the $185 million estimate.

The strong financial performance was driven by robust operational metrics, including a 9.1% year-over-year increase in passenger traffic to 22.3 million passengers, achieving record levels in Argentina, Armenia, Italy, and Uruguay. Both aeronautical and commercial revenues grew at double-digit rates. The company also benefited from disciplined cost management and a one-time positive impact of $32.5 million from an arbitration award related to a concession in Peru. Management highlighted a strengthened balance sheet, with $592.8 million in cash and a net debt to EBITDA ratio of 0.7x, alongside recent strategic wins such as new airport concessions in Baghdad and Luanda.