Pacific Airport Group Files October 2024 6-K Report

TL;DR

Pacific Airport Group (PAC) filed its monthly 6-K, standard foreign issuer report.

AI Summary

Grupo Aeroportuario del Pacífico (Pacific Airport Group) filed a Form 6-K on October 22, 2024, for the month of October 2024. The filing is a report of a foreign private issuer and indicates the company is incorporated in Mexico. Pacific Airport Group is listed under the SIC code for Airports, Flying Fields & Airport Terminal Services.

Why It Matters

This filing provides routine updates for investors regarding Pacific Airport Group's status as a foreign private issuer, offering transparency into its ongoing reporting obligations.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain new financial information or significant operational updates.

Key Players & Entities

• Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (company) — Registrant
• Pacific Airport Group (company) — Registrant (English translation)
• 001-32751 (company) — SEC File Number
• 241384623 (company) — Film Number

FAQ

Key Financial Figures

• $40.0 m — amex for Ps. 1,000.0 million and for USD$40.0 million, additionally, on September 5, 20
• $4.8 m — crease in revenues in U.S. dollars by US$4.8 million, or 4.0%. This was offset by an a
• $0.7 million — ncrease in revenues in USD dollars by US$0.7 million or 1.8%, this was offset by an apprecia

Filing Documents

• f6k_102224.htm (6-K) — 563KB
• 0001171843-24-005730.txt ( ) — 564KB

Business

Business operated directly by us 63,147 72,858 15.4% Other operating expenses 186,822 194,580 4.2% Technical assistance fees 209,109 200,635 (4.1%) Concession taxes 671,398 598,091 (10.9%) Depreciation and amortization 619,755 787,295 27.0% Cost of improvements to concession assets (IFRIC-12) 1,064,286 1,501,188 41.1% Other (income) (4,959) (10,082) 103.3% Total operating costs 3,742,857 4,512,331 20.6% Income from operations 3,650,098 3,720,336 1.9% Financial Result (544,187) (1,059,983) 94.8% Income before income taxes 3,105,911 2,660,353 (14.3%) Income taxes (727,051) (677,524) (6.8%) Net income 2,378,860 1,982,829 (16.6%) Currency translation effect 158,864 651,897 310.3% Cash flow hedges, net of income tax 13,398 (12,124) (190.5%) Remeasurements of employee benefit – net income tax 318 (2,052) (745.3%) Comprehensive income 2,551,440 2,620,550 2.7% Non-controlling interest (52,302) (140,692) 169.0% Comprehensive income attributable to controlling interest 2,499,138 2,479,858 (0.8%) 3Q23 3Q24 Change EBITDA 4,269,853 4,507,631 5.6% Comprehensive income 2,551,440 2,620,550 2.7% Comprehensive income per share (pesos) 5.0175 5.1864 3.4% Comprehensive income per ADS (US dollars) 3.0304 3.1324 3.4% Operating income margin 49.4% 45.2% (8.5%) Operating income margin (excluding IFRIC-12) 57.7% 55.3% (4.2%) EBITDA margin 57.8% 54.8% (5.2%) EBITDA margin (excluding IFRIC-12) 67.5% 67.0% (0.7%) Costs of services and improvements / total revenues 30.4% 35.7% 17.3% Cost of services / total revenues (excluding IFRIC-12) 18.7% 21.3% 14.0% - Net income and comprehensive income per share for 3Q24 and 3Q23 were calculated based on 505,277,464 shares outstanding as of September 30, 2024, and September 30, 2023, respectively. U.S. dollar figures presented were converted from pesos to U.S. dollars at a rate of Ps. 19.6303 per U.S. dollar

Business

Business operated directly by us 175,242 219,017 25.0% Other operating expenses 391,105 424,000 8.4% Technical assistance fees 651,826 627,172 (3.8%) Concession taxes 1,938,019 1,991,302 2.7% Depreciation and amortization 1,858,980 2,137,595 15.0% Cost of improvements to concession assets (IFRIC-12) 4,767,624 4,314,977 (9.5%) Other (income) 7,837 (22,474) (386.7%) Total operating costs 12,408,721 12,769,544 2.9% Income from operations 11,683,794 11,217,114 (4.0%) Financial Result (1,726,623) (2,316,875) 34.2% Income before income taxes 9,957,170 8,900,239 (10.6%) Income taxes (2,524,654) (2,193,977) (13.1%) Net income 7,432,516 6,706,263 (9.8%) Currency translation effect (655,718) 1,019,679 (255.5%) Cash flow hedges, net of income tax (24,353) (47,527) 95.2% Remeasurements of employee benefit – net income tax 917 177 (80.7%) Comprehensive income 6,753,363 7,678,591 13.7% Non-controlling interest (60,519) (268,334) 343.4% Comprehensive income attributable to controlling interest 6,692,844 7,410,259 10.7% 9M23 9M24 Change EBITDA 13,542,775 13,354,710 (1.4%) Comprehensive income 6,753,363 7,678,591 13.7% Comprehensive income per share (pesos) 13.2807 15.1968 14.4% Comprehensive income per ADS (US dollars) 8.0210 9.1782 14.4% Operating income margin 48.5% 46.8% (3.6%) Operating income margin (excluding IFRIC-12) 60.5% 57.0% (5.7%) EBITDA margin 56.2% 55.7% (1.0%) EBITDA margin (excluding IFRIC-12) 70.1% 67.9% (3.1%) Costs of services and improvements / total revenues 33.0% 33.5% 1.5% Cost of services / total revenues (excluding IFRIC-12) 16.5% 18.9% 14.8% - Net income and comprehensive income per share for 9M24 and 9M23 were calculated based on 505,277,464 shares outstanding as of September 30, 2024, and September 30, 2023. U.S. dollar figures presented were converted from pesos to U.S. dollars at a rate of Ps. 19.6903 per

View Full Filing

View this 6-K filing on SEC EDGAR