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Bank Loans and issuance of Debt Securities (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about borrowings [abstract] |
Summary of Unpaid Balance of Loan - Loans Contracted with Banking Institutions and Third Parties | The totality of the credits contracted with banking institutions and third parties are described below:
|  | December 31 2022 |  |  | December 31 2023 |  |  | December 31 2024 |
MBJA signed a simple unsecured loan with its shareholder Vantage in June 2007 for USD$10,936,000, which is repayable at the same maturity date as the IFC´s loans but are subject to restrictions. Interest is accrued at an interest rate of 14% per annum and semi-annual instalments. |  | Ps. |  | 211,754 |  |  | Ps. |  | 184,762 |  |  | Ps. |  | 221,671 |
In February 2009, MBJA signed a simple unsecured loan with its shareholder Vantage for USD$510,000 to finance expenses related to a construction project of MBJA. The interest rate was set at 8%. The loan does not have an expiration date, no payments on account of capital have been made. |  |  |  | 9,874 |  |  |  |  | 8,616 |  |  |  |  | 10,337 |
On December 28, 2017, MBJA signed a simple unsecured loan with The Bank of Nova Scotia Jamaica Limited for USD$40,000,000. The loan bears interest at SOFR 1-month plus 280 basis points for a period of 7 years from this disposition and semi-annual instalments. As of December 31, 2024 the balance amounted to USD$4.0 million. |  |  |  | 387,230 |  |  |  |  | 202,722 |  |  |  |  | 81,073 |
On September 3, 2020, MBJA signed a simple unsecured loan with The Bank of Nova Scotia Jamaica Limited for USD$30,000,000. The loan bears interest at SOFR 1-month plus 310 basis points for a period of 5 years from this disposition and semi-annual instalments. On September 3, 2023, the last dispose of USD$30,000,000 was made. As of December 31, 2023 the balance amounted to USD$60,000,000. |  |  |  | 580,845 |  |  |  |  | 1,013,610 |  |  |  |  | 1,216,098 |
On March 18, 2022, GAP refinanced with Bank of Nova Scotia the simple unsecured loan contracted previously for the amount of USD$95.5 million, with a four-years maturity. The loan bears interest at a fixed annual interest rate of 2.64%. |  |  |  | 1,849,023 |  |  |  |  | 1,613,329 |  |  |  |  | 1,935,623 |
On March 18, 2022, GAP refinanced with BBVA Bancomer the simple unsecured loan contracted previously for the amount of USD$95.5 million, with a four-years maturity. The loan bears interest at a fixed annual interest rate of 2.45%. |  |  |  | 1,849,023 |  |  |  |  | 1,613,329 |  |  |  |  | 1,935,623 |
On November 7, 2022, GAP signed a simple unsecured loan with Scotiabank for Ps.1,500,000 for a period of 12 months with a possible extension of 6 months a variable interest rate 28 days TIIE plus 38 basis points, the payment of the principal will be at maturity. |  |  |  | 1,500,000 |  |  |  |  | — |  |  |  |  | — |
On June 7, 2024, GAP refinanced a simple unsecured loan with Citibanamex for Ps.1,500,000 for a period of 18 months a variable interest rate 28 days TIIE plus 24 basis points, the payment of the principal will be at maturity. |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |
On July 10, 2024, GAP refinanced the simple loan with Citibanamex for Ps.1,000,000 with a 12-month maturity, bearing interest at a variable rate of 28-day TIIE plus 18 basis points. |  |  |  | — |  |  |  |  | 1,000,000 |  |  |  |  | 1,000,000 |
On September 26, 2024, GAP refinanced the simple loan agreement with Citibanamex for USD$40,000,000 with a maturity of 6 months, bearing interest at a variable rate of SOFR plus 25 basis points, with payment of principal at maturity. |  |  |  | — |  |  |  |  | 675,740 |  |  |  |  | 810,732 |
On October 18, 2024, GAP refinanced the simple loan agreement with Santander for Ps.1,500,000 with a 12-month maturity, bearing interest at a variable rate of 28-day TIIE plus 38 basis points, with payment of principal at maturity. |  |  |  | — |  |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |
On June 20, 2024, GAP signed a simple credit agreement with BBVA México, S.A., for Ps.875,000, maturing in 12 months, bearing interest at a variable rate of 28-day TIIE plus 20 basis points, with payment of principal at maturity on June 19, 2025, with no commissions. |  |  |  | — |  |  |  |  | — |  |  |  |  | 875,000 |
Total unpaid balance of bank loans and long-term debt |  |  |  | 7,887,749 |  |  |  |  | 9,312,108 |  |  |  |  | 11,086,157 |
Less - Current portion |  |  |  | (1,654,891 | ) |  |  |  | (4,830,316 | ) |  |  |  | (6,982,903 | )
Long-term portion |  | Ps. |  | 6,232,858 |  |  | Ps. |  | 4,481,792 |  |  | Ps. |  | 4,103,254 |
Summary of Issuance of Debt Securities | b) Issuance of Debt Securities
|  | December 31 2022 |  |  | December 31 2023 |  |  | December 31 2024 |
Unsecured debt securities issued in the Mexican market on February 20, 2015, for Ps.1,500,000 under the name "GAP 15-2" at a fixed annual interest rate of 7.08% over a period of 10 years, maturing on February 7, 2025. |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |
Unsecured debt securities issued in the Mexican market on March 29, 2019, for Ps.3,000,000 under the "GAP 19" name, at a variable interest rate of 28-day TIIE plus 45 basis points for a period of five years. As of December 31, 2024, the TIIE rate is 10.2440%. |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |  |  |  |  | — |
Unsecured debt securities issued in the Mexican market on February 13, 2020, for Ps.3,000,000 under the "GAP 20" name, at a variable interest rate of 28-day TIIE plus 17 basis points for a period of five years. As of December 31, 2024, the TIIE rate is 10.2440% |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Unsecured debt securities issued in the Mexican market on June 25, 2020, for Ps.602,000 under the "GAP 20-2" name, at a variable interest rate of 28-day TIIE plus 85 basis points for a period of three years, which one was paid on June 22, 2023. |  |  |  | 602,000 |  |  |  |  | — |  |  |  |  | — |
Unsecured debt securities issued in the Mexican market on June 25, 2020, for Ps.3,598,000 under the "GAP 20-3" name, at a fixed interest rate of 8.14% for a period of seven years. |  |  |  | 3,598,000 |  |  |  |  | 3,598,000 |  |  |  |  | 3,598,000 |
Unsecured debt securities issued in the Mexican market on May 7, 2021, for Ps.2,500,000 under the "GAP 21" name, at a variable interest rate of 28-day TIIE plus 60 basis points for a period of four years. As of December 31, 2024, the TIIE rate is 10.2440%. |  |  |  | 2,500,000 |  |  |  |  | 2,500,000 |  |  |  |  | 2,500,000 |
Unsecured debt securities issued in the Mexican market on May 7, 2021, for Ps.3,000,000 under the "GAP 21-2" name, at a fixed interest rate of 7.91% for a period of seven years. |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Green debt securities with unsecured guarantee, issued in the Mexican market on October 15, 2021, for 5-year with ticker symbol “GAP21V”, for Ps.1,500,000. Interest payable every 28 days at a variable rate of TIIE-28 plus 25 basis points; the payment of the principal will be at maturity, on October 9, 2026, with the option of early amortization. As of December 31, 2024, the TIIE rate is 10.2440%. |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |
Unsecured 5-year debt securities issued in the Mexican market on March 17, 2022, for Ps.2,000,000 under the “GAP 22” name, at a variable rate of TIIE-28 plus 18 basis points for a period of five years. As of December 31, 2024, the TIIE rate is 10.2440%. |  |  |  | 2,000,000 |  |  |  |  | 2,000,000 |  |  |  |  | 2,000,000 |
Unsecured debt securities issued in the Mexican market on March 17, 2022, for Ps.3,000,000 under the "GAP 22-2" name, at a fixed interest rate of 9.67% for a period of ten years. |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Unsecured debt securities issued in the Mexican market on September 26, 2022, for Ps.2,757,588 under the "GAP 22L" name, at a variable rate of TIIE-28 plus 26 basis points for a period of five years. As of December 31, 2024, the TIIE rate is 10.2440%. |  |  |  | 2,757,588 |  |  |  |  | 2,757,588 |  |  |  |  | 2,757,588 |
Unsecured 5-year debt securities issued in the Mexican market on March 27, 2023, for Ps.1,120,000 under the “GAP 23-L” name, at a variable rate of TIIE-28 plus 2 basis points for a period of four years. As of December 31, 2024, the TIIE rate is 10.2440%. |  |  |  | — |  |  |  |  | 1,120,000 |  |  |  |  | 1,120,000 |
Unsecured debt securities issued in the Mexican market on March 27, 2023, for Ps.4,280,000 under the "GAP 23-2L" name, at a fixed interest rate of 9.65% for a period of seven years. |  |  |  | — |  |  |  |  | 4,280,000 |  |  |  |  | 4,280,000 |
Unsecured notes, issued in the Mexican market on March 20, 2024, for Ps.1,384,868 under the ticker “GAP 24-L”, at a variable interest rate of 28-day TIIE plus 25 basis points, for a term of 3 years. As December 31, 2024, the value of the TIIE rate is 10.2440%. |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,384,868 |
Debts Certificates, issued in the Mexican market on March 20, 2024, for Ps.1,615,132 under the ticker “GAP 24-2L”, interest payable every 182 days at a fixed interest rate of 9.94% for a period of seven years. |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,615,132 |
Debts Certificates, issued in the Mexican market on September 5, 2024, for Ps.5,648,134 under the ticker “GAP 24”, at a variable interest rate of 28-day TIIE plus 60 basis points, for a term of 5 years. As December 31, 2024, the value of the TIIE rate is 10.2440%. |  |  |  | — |  |  |  |  | — |  |  |  |  | 5,648,134 |
Total unpaid balance of long-term debt |  |  |  | 26,457,588 |  |  |  |  | 31,255,588 |  |  |  |  | 36,903,722 |
Less - Current portion |  |  |  | (602,000 | ) |  |  |  | (3,000,000 | ) |  |  |  | (7,000,000 | )
Long-term portion |  | Ps. |  | 25,855,588 |  |  | Ps. |  | 28,255,588 |  |  | Ps. |  | 29,903,722 |
Summary of Maturity of Long Term Debt Payable | The debt previously described, matures as follows:
Year |  | Amount |
2025 |  | Ps. |  | 13,982,903 |
2026 |  |  |  | 9,248,833 |
2027 |  |  |  | 6,982,868 |
2028 |  |  |  | 3,000,000 |
2029 |  |  |  | 5,648,134 |
Thereafter |  |  |  | 9,127,141 |
|  | Ps. |  | 47,989,879 |
Summary of Debt Payable | As of December 31, 2022, 2023 and 2024, debts are payable by the following companies:
|  | At December 31, 2022 |
Company |  | Current |  |  | Long-Term |  |  | Total |
GAP |  | Ps. |  | 2,102,000 |  |  | Ps. |  | 31,053,634 |  |  | Ps. |  | 33,155,634 |
MBJA |  |  |  | 154,891 |  |  |  |  | 1,034,812 |  |  |  |  | 1,189,703 |
Total |  | Ps. |  | 2,256,891 |  |  | Ps. |  | 32,088,446 |  |  | Ps. |  | 34,345,337 |
|  | At December 31, 2023 |
Company |  | Current |  |  | Long-Term |  |  | Total |
GAP |  | Ps. |  | 7,000,000 |  |  | Ps. |  | 32,157,986 |  |  | Ps. |  | 39,157,986 |
MBJA |  |  |  | 830,316 |  |  |  |  | 579,394 |  |  |  |  | 1,409,710 |
Total |  | Ps. |  | 7,830,316 |  |  | Ps. |  | 32,737,380 |  |  | Ps. |  | 40,567,696 |
|  | At December 31, 2024 |
Company |  | Current |  |  | Long-Term |  |  | Total |
GAP |  | Ps. |  | 12,685,732 |  |  | Ps. |  | 33,774,967 |  |  | Ps. |  | 46,460,699 |
MBJA |  |  |  | 1,297,171 |  |  |  |  | 232,009 |  |  |  |  | 1,529,180 |
Total |  | Ps. |  | 13,982,903 |  |  | Ps. |  | 34,006,976 |  |  | Ps. |  | 47,989,879 |
Summary of Reconciliation of Liabilities Arising From Financing Activities | c) Reconciliation of liabilities arising from financing activities
|  |  |  |  |  |  |  |  | Non-cash changes |  |
| Balance as of January 1, 2023 | Repayments on bank loans and payments of debt securities | Proceeds from issuance of Debt securities | Proceeds from Debt long-term | Exchange effects | Long-term reclassification | Fair value adjustments in P&L | Hedges fair value adjustments | Balance as of December 31, 2023
Debt securities current portion | Ps. | 2,256,892 | Ps. | (2,244,132) | Ps. | — | Ps. | 2,715,459 | Ps. | (552,569) | Ps. | 5,654,576 | Ps. | — | Ps. | — | Ps. | 7,830,226
Long-term borrowings |  | 6,232,858 |  | — |  | — |  | 1,000,000 |  | (96,490) |  | (2,654,576) |  | — |  | — |  | 4,481,792
Debt securities |  | 25,855,588 |  | — |  | 5,400,000 |  | — |  | — |  | (3,000,000) |  | — |  | — |  | 28,255,588
Derivative financial instruments (Note 15) |  | (241,492) |  | — |  | — |  | — |  | — |  | — |  | - |  | 100,786 |  | (140,706)
Total | Ps. | 34,103,846 | Ps. | (2,244,132) | Ps. | 5,400,000 | Ps. | 3,715,459 | Ps. | (649,059) | Ps. | — | Ps. | - | Ps. | 100,786 | Ps. | 40,426,900
|  |  |  |  |  |  |  |  | Non-cash changes |  |
| Balance as of January 1, 2024 | Repayments on bank loans and payments of debt securities | Proceeds from issuance of Debt securities | Proceeds from Debt long-term | Exchange effects | Long-term reclassification | Fair value adjustments in P&L | Hedges fair value adjustments | Balance as of December 31, 2024
Debt securities current portion | Ps. | 7,830,226 | Ps. | (7,929,881) | Ps. | — | Ps. | 5,658,480 | Ps. | 99,565 | Ps. | 8,324,513 | Ps. | — | Ps. | — | Ps. | 13,982,893
Long-term borrowings |  | 4,481,792 |  | — |  | — |  | - |  | 945,975 |  | (1,324,513) |  | — |  | — |  | 4,103,254
Debt securities |  | 28,255,588 |  | — |  | 8,648,134 |  | — |  | — |  | (7,000,000) |  | — |  | — |  | 29,903,722
Derivative financial instruments (Note 15) |  | (140,706) |  | — |  | — |  | — |  | — |  | — |  | - |  | 133,940 |  | (6,766)
Total | Ps. | 40,426,900 | Ps. | (7,929,881) | Ps. | 8,648,134 | Ps. | 5,658,480 | Ps. | 1,045,540 | Ps. | — | Ps. | - | Ps. | 133,940 | Ps. | 47,983,103
|  |  |  |  |  |  |  |  |  |  |  |  | Non-cash changes |  |  |  |
| Balance as of January 1, 2022 |  | Repayments on bank loans and payments of debt securities |  | Proceeds from issuance of Debt securities |  | Proceeds from Debt long-term |  | Exchange effects |  | Long-term reclassification |  | Fair value adjustments in P&L |  | Hedges fair value adjustments |  | Balance as of December 31, 2022 |
Debt securities current portion | Ps. |  | 3,964,668 |  | Ps. |  | (3,964,668 | ) | Ps. |  | — |  | Ps. |  | 1,500,000 |  | Ps. |  | — |  | Ps. |  | 756,892 |  | Ps. |  | — |  | Ps. |  | — |  | Ps. |  | 2,256,892 |
Long-term borrowings |  |  | 5,196,240 |  |  |  | (3,874,339 | ) |  |  | — |  |  |  | 5,372,783 |  |  |  | (306,934 | ) |  |  | (154,892 | ) |  |  | — |  |  |  | — |  |  |  | 6,232,858 |
Debt securities |  |  | 18,700,000 |  |  |  | — |  |  |  | 7,757,588 |  |  |  | — |  |  |  | — |  |  |  | (602,000 | ) |  |  | — |  |  |  | — |  |  |  | 25,855,588 |
Derivative financial instruments (Note 15) |  |  | (18,324 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,756 | ) |  |  | (216,412 | ) |  |  | (241,492 | )
Total | Ps. |  | 27,842,584 |  | Ps. |  | (7,839,007 | ) | Ps. |  | 7,757,588 |  | Ps. |  | 6,872,783 |  | Ps. |  | (306,934 | ) | Ps. |  | — |  | Ps. |  | (6,756 | ) | Ps. |  | (216,412 | ) | Ps. |  | 34,103,846 |

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