Shares of Corporacion America Airports S.A. (CAAP) jumped 5.72% in after-hours trading on Wednesday following the release of the company's impressive second-quarter 2025 financial results. The airport operator reported solid growth across key metrics, surpassing analyst expectations in several areas.
The company's Q2 2025 performance was marked by significant improvements. Consolidated revenues ex-IFRIC12 increased by 18.9% year-over-year to $435.2 million, driven by a 22.0% rise in commercial revenues and a 15.1% increase in aeronautical revenues. Passenger traffic saw a robust 13.7% increase, reaching 20.7 million passengers. The company's Adjusted EBITDA rose by 23%, reflecting strong operational efficiency.
While the operating income of $117.3 million fell slightly short of the IBES estimate of $126.4 million, investors appeared to focus on the overall positive results. The company's strong cash position of $497 million and a net debt to LTM adjusted EBITDA ratio of 1.0x further bolstered investor confidence. CEO Martín Eurnekian highlighted the broad-based traffic growth and significant EBITDA margin expansion, attributing the success to the company's diversified portfolio and disciplined execution. The strong performance, particularly in key markets like Argentina and Brazil, seems to have fueled the after-hours stock surge.