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v3.26.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2025
Leases |
Leases | 14 Leases ​
(i) | Amounts recognized in Consolidated Financial Position:
The Consolidated Statement of Financial Position shows the following amounts relating to leases: ​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | For the year ended December 31,
Right-of-use assets | ​ | 2025 | ​ ​ ​ | 2024
Land, building and improvements |  | 5,717 |  | 7,465
Plant and production equipment |  | 2,029 |  | 1,685
Vehicles, furniture and fixtures |  | 1,187 |  | 771
​ |  | 8,933 |  | 9,921
​ | ​ | ​ | ​ | ​
Lease liabilities |  | ​ |  | ​
Current |  | 4,326 |  | 3,707
Non-current |  | 5,406 |  | 7,010
​ |  | 9,732 |  | 10,717
​ The evolution of right-of-use assets and lease liabilities during 2025 and 2024 are as follows: ​
​ | ​ | ​ | ​ | ​
Right-of-use assets | ​ ​ ​ | 2025 | ​ ​ ​ ​ | 2024
Balances at the beginning of the year |  | 9,921 | ​ | 10,493
Additions |  | 2,608 | ​ | 619
Contract modifications | ​ | (4) | ​ | (2)
Depreciation of the year |  | (3,904) | ​ | (3,348)
Translation differences and inflation adjustment |  | 312 | ​ | 2,159
Balances at the end of the year |  | 8,933 | ​ | 9,921
​
​ | ​ | ​ | ​ | ​
Lease liabilities | ​ ​ ​ | 2025 | ​ ​ ​ ​ | 2024
Balances at the beginning of the year |  | 10,717 | ​ | 13,981
New contracts |  | 2,608 | ​ | 619
Lease payments |  | (4,745) | ​ | (4,397)
Contract modifications | ​ | (5) | ​ | (2)
Leases financial cost |  | 664 | ​ | 847
Translation differences and inflation adjustment |  | 493 | ​ | (331)
Balances at the end of the year |  | 9,732 | ​ | 10,717
​ The maturity of lease liabilities is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | 1 year or less | ​ ​ ​ | ​1 to 2 years | ​ ​ ​ | ​2 to 5 years | ​ ​ ​ | Over 5 years | ​ ​ ​ | Total
At December 31, 2025 |  | 4,619 |  | 1,230 |  | 2,257 |  | 2,830 |  | 10,936
At December 31, 2024 | ​ | 3,966 |  | 3,421 |  | 1,920 |  | 3,057 |  | 12,364
​ The amounts disclosed in the table are the contracted undiscounted cash flows. ​ 14 Leases (Cont.)
(ii) | Amounts recognized in Consolidated Statement of Income:
The Consolidated Statement of Income shows the following amounts relating to leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
Depreciation charge of right-of-use assets |  | ​ | ​ | ​ | ​ | ​
Land, building and improvements |  | (3,354) | ​ | (2,817) | ​ | (2,730)
Plant and production equipment |  | (217) | ​ | (219) | ​ | (198)
Vehicles, furniture and fixtures |  | (333) | ​ | (312) | ​ | (275)
​ |  | (3,904) | ​ | (3,348) | ​ | (3,203)
​ | ​ | ​ | ​ | ​ | ​ | ​
Financial expenses (Leases financial cost) |  | (664) | ​ | (847) | ​ | (446)
Expense relating to short-term leases (included in cost of services and selling, general and administrative expenses) |  | (1,261) | ​ | (771) | ​ | (865)
Expense relating to leases of low-value assets that are not shown above as short-term leases (included in cost of services and selling, general and administrative expenses) |  | (832) | ​ | (351) | ​ | (326)
Expense relating to variable lease payments not included in lease liabilities (included in cost of services) |  | (279) | ​ | (762) | ​ | (1,855)
​
(iii) | Variable lease payments
Some security equipment leases contain variable payment terms that are linked to passenger traffic. Variable lease payments that depend on passengers are recognized in profit or loss in the period in which the condition that triggers those payments occurs. A 10% increase in passenger traffic across airports in the Group with such variable lease contracts would increase total lease payments by approximately USD 27.9 as of December 31, 2025 (USD 76.2 and USD 185.5 as of December 31, 2024 and 2023 respectively).
(iv) | The Group as a lessor
As indicated in Note 2.Q, leases and sub-concession of spaces are classified as operating leases. These revenues mainly refer to sub-concessions of commercial spaces (duty free shops, food and beverage services, retail stores) and advertising spaces, among others. Lease payments for some contracts include a minimum agreed upon amount and other variable lease payments by applying a percentage on lessors’ revenues, both of which are set forth in the lease agreements. Where considered necessary to reduce credit risk, the Group may obtain guarantees for the term of the lease. Commercial revenues corresponding to variable income from lease or sub-concession of spaces that do not depend on an index or rate, for example determined on the basis of lessee’s sales or passenger traffic, correspond, as December 31, 2025, to 49% of total revenues of leases and sub-concession of spaces (46% and 42% as of December 31, 2024 and 2023 respectively). 14 Leases (Cont.)
(iv) | The group as a lessor (Cont.)
Minimum lease payments receivable on leases and sub-concession of spaces with third parties at its airports facilities are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | At December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ ​ | 2023
Within 1 year |  | 167,164 | ​ | 105,455 | ​ | 109,314
Between 1 and 5 years |  | 368,373 | ​ | 273,589 | ​ | 266,875
Later than 5 years |  | 163,572 | ​ | 152,681 | ​ | 160,059
Total |  | 699,109 | ​ | 531,725 | ​ | 536,248
​

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