AED Balance Sheet - Grupo Aeroportuario del Sureste SAB de CV

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Price: 13.248 EUR Market Closed

Market Cap: €3.7B

G	Grupo Aeroportuario del Sureste SAB de CV XMUN:AED	MX
	Block Inc F:SQ3	US
	CareCloud Inc F:MTB0	US
	DGR Global Ltd F:D4A	AU
S	Softfront Holdings TSE:2321	JP

Financial profile · Q3 FY2026

A cash-generative airport portfolio entering an acquisition-financed expansion phase

Its concession-based airport portfolio has historically combined profitable passenger-linked operations with recurring investment needs and positive operating cash generation; cash has also supported distributions. Capital spending and acquisitions, however, can make post-investment cash conversion vary substantially.

What changed

Acquisitions of U.S. commercial operations and Brazil & Others materially expanded the reporting perimeter and increased debt funding; the latest quarter includes only one month of CPC operations, so its normalized contribution is not yet visible. This changes the near-term financing and cash-conversion profile, though the core concession economics remain intact.

What matters next

Whether operating cash flow from the expanded portfolio covers recurring capital spending while debt levels stabilize.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	3.5B	4.7B	4.6B	6.2B	5.2B	8.8B	13.2B	13.9B	20.1B	11.1B
Cash	3.1B	4.4B	3.7B	3.6B	3.5B	6.6B	7.7B	10.8B	11.5B	4.3B
Cash Equivalents	354.8m	259.7m	871.4m	2.6B	1.7B	2.2B	5.5B	3.1B	8.6B	6.9B
Total Receivables	576.6m	768.4m	1.3B	1.2B	2.3B	2.4B	3.1B	2.9B	3.1B	3.9B
Accounts Receivables	464.9m	685.5m	793.1m	1B	1.1B	2B	2.7B	2.4B	2.9B	2.7B
Other Receivables	111.7m	82.9m	495.1m	230m	1.2B	421.8m	443.6m	448.8m	217.6m	1.3B
Inventory	24.4m	50.2m	48.7m	49.7m	34m	57.1m	64.7m	60.4m	58.2m	93.2m
Other Current Assets	134.4m	291.8m	79.5m	369.7m	226.8m	434.4m	1.7B	1.9B	2.4B	2.7B
Total Current Assets	4.2B	5.8B	6B	7.8B	7.7B	11.7B	18.1B	18.7B	25.7B	17.9B
PP&E Net	323.1m	473.2m	558.5m	520.6m	504.4m	184.6m	171m	184m	268.5m	303.1m
PP&E Gross	323.1m	473.2m	—	520.6m	504.4m	184.6m	171m	184m	268.5m	303.1m
Accumulated Depreciation	(39m)	(59.5m)	—	(141.6m)	(226.9m)	(302.3m)	(352.9m)	(369.7m)	(519.5m)	(540.7m)
Intangible Assets	20.3B	47.8B	49.6B	46.6B	49.6B	51.4B	50.2B	47.2B	53.3B	55.1B
Goodwill	—	2.6B	—	2.6B	2.6B	2.6B	2.5B	2.1B	2.6B	2.9B
Note Receivable	1.9B	—	36.1m	23.4m	0	—	—	—	—	—
Long-Term Investments	2.5B	—	—	—	8.5m	10.7m	10.3m	2.1B	1.8B	13B
Other Assets	—	2.6B	—	2.6B	2.6B	2.6B	2.5B	2.1B	2.6B	2.9B
Total Assets	29.2B	56.6B	56.2B	57.5B	60.4B	65.8B	70.9B	70.3B	83.6B	89.2B
Accounts Payable	287.6m	1.8B	313.6m	1.5B	1.4B	2.4B	2.5B	484.8m	427m	722.9m
Accrued Liabilities	71m	112m	30.4m	149.5m	128.1m	166.1m	187.2m	221.3m	234.1m	288.7m
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	58.3m	173.5m	500.1m	549.6m	1.1B	602.7m	1.9B	1.3B	1.2B	2B
Other Current Liabilities	176.3m	290.7m	1.6B	386.7m	87.1m	2.6B	3B	2.9B	4.1B	2.9B
Total Current Liabilities	593.2m	2.4B	2.4B	2.6B	2.8B	3.8B	5.6B	4.8B	5.9B	5.9B
Long-Term Debt	4.4B	17.5B	14B	6.7B	6.1B	13.2B	13.3B	11B	12.2B	33.6B
Deferred Income Tax	1.5B	3B	3.1B	3B	3.2B	3B	3B	2.9B	3.9B	3.3B
Minority Interest	—	7.6B	7.6B	7.6B	8B	8.6B	7.4B	6.6B	7.4B	6.9B
Other Liabilities	10.5m	12.7m	10.3m	6.5B	6.7B	28.2m	32.7m	35m	56.4m	77.3m
Total Liabilities	6.5B	30.6B	27.1B	26.4B	26.7B	28.7B	29.3B	25.4B	29.4B	49.7B
Common Stock	7.8B	7.8B	7.8B	7.8B	7.8B	7.8B	7.8B	7.8B	7.8B	7.8B
Retained Earnings	14.1B	18.1B	21.1B	23.6B	25.6B	29.1B	34.6B	38.8B	46.1B	32.5B
Other Equity	893.1m	195.5m	189.8m	(218.8m)	321.9m	313.6m	(717.9m)	(1.6B)	391.5m	(788.7m)
Total Equity	22.8B	26B	29.1B	31.2B	33.7B	37.2B	41.6B	44.9B	54.2B	39.5B
Total Liabilities & Equity	29.2B	56.6B	56.2B	57.5B	60.4B	65.8B	70.9B	70.3B	83.6B	89.2B
Common Shares Outstanding	300m	300m	300m	300m	300m	300m	300m	300m	300m	300m