Grupo Aeroportuario del Pacífico (GAP) released its fourth quarter financial results. These results cover the period ending December 31, 2025. The company announced these findings on February 23, 2026. GAP reported a notable increase in total revenues. These revenues grew by 2.8%. This amounted to Ps. 267.1 million. Total revenues reached Ps. 9.89 billion. Additionally, EBITDA showed strong performance. It increased by 7.5%. This gain was Ps. 357.3 million. EBITDA reached Ps. 5.11 billion for the quarter.
However, the company faced a significant drop in comprehensive income. Comprehensive income fell by 34.3%. This decrease was Ps. 781.1 million. Overall profitability declined to Ps. 1.49 billion. The cost of services increased substantially. This cost rose by 28.1%. This surge in expenses impacted net income. Income from operations saw an increase. It grew by 8.4%. This was Ps. 322.1 million.
Mexico’s Strong Performance Boosts Revenue
The positive revenue figures were largely driven by GAP’s operations in Mexico. Aeronautical revenues saw a significant rise. They increased by 12.6%. This growth stemmed from new airport tariffs. These tariffs were approved for the 2025-2029 period. Furthermore, GAP launched new routes. These new routes connect various Mexican destinations. Non-aeronautical services also performed well. They grew by 13.3%. This diversification contributed positively to the overall financial picture. The business strategy in Mexico proved effective.
Hurricane Melissa Devastates Jamaica Operations
Conversely, GAP’s Jamaican airports experienced severe disruptions. Hurricane Melissa struck in October 2025. This powerful storm caused extensive damage. Montego Bay’s Sangster International Airport suffered greatly. Roofs were destroyed and terminals flooded. Operations at Montego Bay were suspended. The airport remained closed from October 26 to November 1, 2025. Kingston’s Norman Manley International Airport had less damage. It reopened sooner for relief flights. This hurricane’s impact led to a decrease in passenger traffic. Overall, passenger numbers across GAP’s 14 airports fell by 0.9%. This reduction was about 139,600 passengers. The news highlights challenges in Jamaica.
Outlook and Financial Health
Jamaica’s recovery is now crucial for GAP’s performance. Passenger traffic in Jamaica depends on tourism infrastructure restoration. This is a key factor for future business. Despite these challenges, GAP maintains a strong financial position. The company reported Ps. 10,453.2 million in cash and cash equivalents at year-end 2025. This solid cash reserve provides stability. GAP is optimistic about growth in 2026. They project increases in passenger traffic and revenues. This outlook offers some reassurance to investors. The company plans for continued development in its network. This includes strategic investments in Mexican airports. The business continues to adapt.
In conclusion, GAP’s fourth quarter of 2025 presented a mixed financial report. Strong performance in Mexico offset the significant negative impact from Hurricane Melissa in Jamaica. The company achieved revenue and EBITDA growth. However, higher operating costs reduced comprehensive income. GAP’s robust cash position offers a cushion. The recovery of Jamaica’s tourism sector will be vital news for the company’s upcoming quarters. This news marks a complex period for the airport operator.