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Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Income Taxes [Abstract]

Summary of Balances of Recoverable Taxes

The balances of recoverable taxes are comprised as follows:


	December 31, 2022		December 31, 2023		December 31, 2024
Recoverable taxes:
ISR	Ps.	69,326	Ps.	645,868	Ps.	395,304
IVA		516,114		482,353		361,320
Withholding taxes		31,955		20,513		43,418
IMPAC		23,781		1,203		1,203
Corporation taxes		11,515		96,547		185,080
Other		5,430		6,533		24,385
	Ps.	658,121	Ps.	1,253,017	Ps.	1,010,710

Summary of Income Tax Expense (Benefit)

Income Tax – Income tax expense (benefit) for the years ended December 31, 2022, 2023 and 2024 consists of the following:


	2022			2023			2024
ISR:
Current	Ps.	3,849,778		Ps.	3,616,811		Ps.	3,989,603
Deferred		(759,566	)		(544,721	)		(749,301	)
	Ps.	3,090,212		Ps.	3,072,090		Ps.	3,240,302

Schedule of Effective Tax Rate

Effective tax rate – The reconciliation of the statutory income tax rate and the actual effective income tax rate as a percentage of income before income taxes for the years ended December 31, 2022, 2023 and 2024 is shown below:


	%	2022		%		2023	%	2024
'Income before income taxes		Ps.	12,275,686		Ps.	12,761,690		Ps.	12,115,741
Income tax by applying the weighted average statutory rate (1)	30.0%		3,682,706	28.3%		3,615,812	30.9%		3,634,722
Effects of inflation over monetary assets	(4.5)%		(547,859)	(3.6)%		(454,352)	(4.3)%		(403,499)
(Unrecognized) applied tax loss carryforwards	((0.0)%		(6,105)	(0.2)%		(28,028)	(0.1)%		(2,160)
Employee benefits	(0.1%)		(9,553)	(0.1%)		(17,939)	(0.3%)		(9,243)
Tax rate change	(—%)		-	(—%)		-	0.4%		15,236
Other	(0.2)%		(28,977)	(0.3)%		(43,403)	0.1%		5,246
Effective tax rate	25.2%	Ps.	3,090,212	24.1%	Ps.	3,072,090	26.7%	Ps.	3,240,302

(1)

The tax rate used for the 2022, 2023 and 2024 previous reconciliations above is the average corporate tax rate, respectively payable by corporate entities in Mexico, Jamaica and Spain on taxable profits in accordance with tax laws in these jurisdictions.

Schedule of Net Deferred Income Tax Assets and Net Deferred Income Tax Liabilities

The net assets for deferred taxes belong to Mexico subsidiaries:




	December 31, 2022			December 31, 2023			December 31, 2024
Deferred ISR asset (liability):
Expected credit loss	Ps.	40,449		Ps.	37,063		Ps.	14,857
Machinery and equipment		122,854			139,178			148,473
Improvements to concession assets		1,037,511			1,293,468			1,363,641
Airport concessions and rights to use airport facilities		5,432,747			5,588,605			5,673,273
Other acquired rights		176,967			183,100			187,441
Derivative financial instruments		(87,067	)		(50,231	)		(5,420	)
Other assets		492			622			899
Tax loss carryforwards		-			28,028			588,177
Employee benefits		66,073			81,562			117,555
Accruals		20,142			36,418			39,819
Net deferred income tax asset	Ps.	6,810,168		Ps.	7,337,813		Ps.	8,128,715

The net deferred income tax liabilities relate to subsidiaries in Mexico and Jamaica:


	December 31, 2022			December 31, 2023			December 31, 2024
Deferred tax (liability) asset:
Trade receivables	Ps.	-		Ps.	4,863		Ps.	8,383
Machinery, equipment and improvements on leased assets		(3,161	)		25,309			33,599
Improvements to concession assets		(1,461	)		(1,089	)		(1,215	)
Airport concessions		(528,757	)		(394,725	)		(1,174,504	)
Accruals		44,575			30,468			77,948
Deferred tax liability	Ps.	(488,804	)	Ps.	(335,174	)	Ps.	(1,055,789	)

Schedule of Unrecognized Deferred Income Tax Assets

Unrecognized deferred income tax assets – Unrecognized deferred income tax assets in the consolidated statement of financial position are comprised of the following items of the Mexican Companies:


	December 31, 2022		December 31, 2023		December 31, 2024
Tax loss carryforwards	Ps.	392,549	Ps.	431,934	Ps.	465,308
Deductible tax temporary difference		132,089		138,326		142,942
	Ps.	524,638	Ps.	570,260	Ps.	608,250

Summary of Deferred Income Tax from Tax Loss Carryforwards

Deferred income tax from tax loss carryforwards – The Company generated tax loss carryforwards in the airport of Los Mochis, Manzanillo, IEM, GAP and CORSA. With respect to tax legislation relating to concessions, such losses will expire in 2048, except for IEM whose losses were originated in 2014 to expire in this fiscal year and GAP that its loss were originated in 2024 and expire until 2034 for their application. Tax losses that can be recovered based on management’s financial projections are recognized as part of the deferred tax asset.


	December 31, 2022			December 31, 2023			December 31, 2024
Tax loss carryforwards	Ps.	1,308,497		Ps.	1,579,920		Ps.	3,418,190
Unrecognized tax loss carryforwards		(1,308,497	)		(1,439,780	)		(1,551,027	)
Recognized tax loss carryforwards	Ps.	-		Ps.	140,140		Ps.	1,867,163

Summary of Reconciliation of Changes in Deferred Tax Assets

Balances and movements of deferred taxes during the period.


	Balance as of January 1, 2022			Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2022
Temporary differences for the deferred tax asset:
Expected credit loss	Ps.	30,238		Ps.	10,211		Ps.	—		Ps.	40,449
Machinery, equipment and improvements on leased assets		75,671			47,183			—			122,854
Improvements to concession assets		834,813			202,698			—			1,037,511
Airport concessions and rights to use airport facilities		5,046,004			386,743			—			5,432,747
Other acquired rights		161,316			15,651			—			176,967
Derivative financial instruments		(5,160	)		(38,636	)		(43,271	)		(87,067	)
Other assets		459			33			—			492
Tax loss carryforwards		6,104			(6,104	)		—			-
Employee benefits		56,313			10,602			(842	)		66,073
Accruals		25,128			(4,986	)		—			20,142
Total deferred tax asset	Ps.	6,230,886		Ps.	623,395		Ps.	(44,113	)	Ps.	6,810,168


	Balance as of January 1, 2023			Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2023
Temporary differences for the deferred tax asset:
Expected credit loss	Ps.	40,449		Ps.	(3,386	)	Ps.	—		Ps.	37,063
Machinery, equipment and improvements on leased assets		122,854			16,324			—			139,178
Improvements to concession assets		1,037,511			255,957			—			1,293,468
Airport concessions and rights to use airport facilities		5,432,747			155,858			—			5,588,605
Other acquired rights		176,967			6,133			—			183,100
Derivative financial instruments		(87,067	)		6,876			29,959			(50,232	)
Other assets		492			130			—			622
Tax loss carryforwards		-			28,028			—			28,028
Employee benefits		66,073			16,088			(599	)		81,562
Accruals		20,142			16,277			—			36,419
Total deferred tax asset	Ps.	6,810,168		Ps.	498,285		Ps.	29,360		Ps.	7,337,813


	Balance as of January 1, 2024			Effects of profit and loss			Other comprehensive income		Balance as of December 31, 2024
Temporary differences for the deferred tax asset:
Expected credit loss	Ps.	37,063		Ps.	(22,206	)	Ps.	—	Ps.	14,857
Machinery, equipment and improvements on leased assets		139,178			9,295			—		148,473
Improvements to concession assets		1,293,468			70,173			—		1,363,641
Airport concessions and rights to use airport facilities		5,588,605			84,668			—		5,673,273
Other acquired rights		183,100			4,341			—		187,441
Derivative financial instruments		(50,232	)		16,825			27,987		(5,420	)
Other assets		622			277			—		899
Tax loss carryforwards		28,028			560,149			—		588,177
Employee benefits		81,562			33,764			2,229		117,555
Accruals		36,419			3,400			—		39,819
Total deferred tax asset	Ps.	7,337,813		Ps.	760,686		Ps.	30,216	Ps.	8,128,715

Summary of Reconciliation of Changes in Deferred Tax Liabilities


	Balance as of January 1, 2022			Effects of profit and loss		Other comprehensive income			Balance as of December 31, 2022
Temporary differences for the deferred tax liability:
Trade accounts receivable	Ps.	(1,204	)	Ps.	2,935	Ps.	(1,731	)	Ps.	-
Machinery, equipment and improvements on leased assets		(27,644	)		83,377		(58,894	)		(3,161	)
Improvements to concession assets		(1,702	)		101		140			(1,461	)
Airport concessions		(618,567	)		48,546		41,264			(528,757	)
Accruals		42,485			1,212		878			44,575
Total deferred tax liability	Ps.	(606,632	)	Ps.	136,171	Ps.	(18,343	)	Ps.	(488,804	)


	Balance as of January 1, 2023		Effects of profit and loss		Other comprehensive income		Balance as of December 31, 2023
Temporary differences for the deferred tax liability:
Trade accounts receivable	Ps.	-	Ps.	4,863	Ps.	-	Ps.	4,863
Machinery, equipment and improvements on leased assets		(3,161)		1,986		26,484		25,309
Improvements to concession assets		(1,461)		89		283		(1,089)
Airport concessions		(528,757)		42,855		91,177		(394,725)
Accruals		44,575		(3,357)		(10,750)		30,468
Total deferred tax liability	Ps.	(488,804)	Ps.	46,436	Ps.	107,194	Ps.	(335,174)


	Balance as of January 1, 2024			Effects of profit and loss			Acquired in business combinations			Other comprehensive income			Balance as of December 31, 2024
Temporary differences for the deferred tax liability:
Trade accounts receivable	Ps.	4,863		Ps.	2,549		Ps.	-		Ps.	971		Ps.	8,383
Machinery, equipment and improvements on leased assets		25,309			3,234			-			5,056			33,599
Improvements to concession assets		(1,089	)		92			-			(218	)		(1,215	)
Airport concessions		(394,725	)		(58,653	)		(642,273	)		(78,853	)		(1,174,504	)
Accruals		30,468			41,393			-			6,087			77,948
Total deferred tax liability	Ps.	(335,174	)	Ps.	(11,385	)	Ps.	(642,273	)	Ps.	(66,957	)	Ps.	(1,055,789	)