Shares of Corporacion America Airports S.A. (CAAP) surged 5.72% in after-hours trading on Wednesday following the release of its second-quarter 2025 financial results. The airport operator reported better-than-expected revenue figures, demonstrating robust growth across its diverse portfolio of airports.
CAAP's Q2 revenue reached $476.8 million, significantly surpassing the analysts' estimate of $442.4 million. The company's adjusted EBITDA came in at $171.2 million, with an impressive adjusted EBITDA margin of 35.9%. While operating income of $117.3 million fell short of the expected $126.4 million, the overall financial performance showed substantial year-over-year improvements.
Operational highlights for the quarter included a 13.7% increase in passenger traffic, totaling 20.7 million travelers. Argentina led the growth with record passenger numbers, while Brazil, Italy, Uruguay, and Armenia also posted solid gains. CEO Martín Eurnekian commented on the results, stating, "Our strong second-quarter performance reflects the strength of our diversified portfolio and disciplined execution." The positive earnings report and optimistic outlook appear to have fueled investor confidence, driving the stock's after-hours rally.