v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
MXN ($)
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Cash flows from operating activities:        
Income before income taxes $ 423,970 $ 7,631,961 $ 7,069,238 $ 7,059,868
Adjustments for:        
Depreciation and amortization 48,754 877,625 756,983 641,343
Major maintenance provision 19,348 348,285 228,673 348,397
Increase in allowance for doubtful accounts 254 4,570 17,621 5,767
Gain on sale of property and equipment (14) (253) (273) (525)
Present value of major maintenance provision 13,566 244,200 160,440 201,688
Interest income (11,889) (214,009) (245,065) (297,910)
Interest expense 68,394 1,231,169 1,168,480 1,067,752
Exchange differences 1,630 29,333 (57,324) (1,069)
Profit (loss) after adjustments 564,011 10,152,881 9,098,773 9,025,311
(Increase) in trade accounts receivable, net (9,396) (169,132) (565,187) (38,056)
(Increase) decrease in recoverable taxes 3,336 60,047 (30,136) (126,233)
Decrease (increase) in repayment for contractors, other accounts receivable and prepaid expenses 311 5,600 11,788 (63,573)
(Decrease) increase in trade accounts payable (323) (5,806) (39,196) (72,922)
Increase in payable taxes and other accrued expenses (1,553) (27,961) 20,971 297,808
Income taxes paid (133,116) (2,396,252) (2,101,932) (2,405,634)
(Decrease) increase in advances for works to related parties and accounts receivable and payable with related parties, net 1,472 26,491 (7,729) 71,375
Major maintenance payments (11,325) (203,860) (224,230) (421,522)
Increase in guaranteed deposits and labor obligations 219 3,940 33,547 68,193
Net cash flows from operating activities 413,636 7,445,948 6,196,669 6,334,747
Cash flows from investing activities:        
Acquisition of property and equipment (9,073) (163,325) (321,338) (403,985)
Insurance recovery 4,556 82,011    
Other non-current assets (580) (10,433) (28,372) (26,576)
Proceeds from sale of property and equipment 14 253 273 525
Acquisition of improvements in assets under concession (141,061) (2,539,273) (2,405,482) (2,659,596)
Interest collected 11,889 214,009 245,065 297,910
Net cash flows used in investing activities (134,255) (2,416,758) (2,509,854) (2,791,722)
Cash flow from financing activities:        
Borrowings from financial institutions 16,666 300,000 600,000  
Payment of borrowings of financial institutions (49,997) (900,000)   (1,200,000)
Issuance of debt securities 152,768 2,750,000   3,200,000
Payment of debt securities       (1,500,000)
Debt issuance cost (547) (9,845)   (10,640)
Loans obtained from related parties, net from payments 2,858 51,450 122,500 98,000
Interest paid (67,113) (1,208,107) (1,100,443) (1,092,918)
Dividends paid (248,243) (4,468,667) (4,220,653) (3,738,054)
Capital reimbursements paid (137) (2,460) (2,400)  
Leases payments (3,916) (70,501) (63,034) (58,780)
Net cash used in financing activities (197,661) (3,558,130) (4,664,030) (4,302,392)
Net decrease in cash and cash equivalents 81,720 1,471,060 (977,215) (759,367)
Effects of exchange rate changes on the foreign currency cash balance (1,630) (29,333) 57,324 (797)
Cash and cash equivalents at the beginning of the year cash balance 92,014 1,656,365 2,576,256 3,336,420
Cash and cash equivalents at the end of the year 172,105 3,098,092 1,656,365 2,576,256
Non-cash financing and investing activities which are not reflected in the consolidated statements of cash flows:        
Acquisition of improvements in assets under concession $ 26,025 $ 468,481 $ 320,714 $ 103,436