Overview
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- TickerCAAP on NYSE1
- IndustryAirports, Flying Fields & Airport Terminal Services1
- HeadquartersLuxembourg1
- Websitewww.caap.aero
- Legal formsociété anonyme1
- Incorporated inLuxembourg5
- Business address128 Boulevard De La Petrusse, Luxembourg, 23305
- Filer categoryLarge accelerated filer5
- LEI959800AWF26KMY2SXF713
- StatusActive3
- LEI statusIssued and current3
- Registered addressBoulevard de la Pétrusse 128, L-2330 Luxembourg, Luxembourg3
- Registered withLuxembourg Business Registers, B1741403
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The Company makes its filings in electronic form under the EDGAR filing system of the SEC. Its filings are available through the EDGAR system at www.sec.gov. The Company’s filings are also available to the public through the Internet at CAAP’s website at http://investors.corporacionamericaairports.com. The Company’s website is provided for informational purposes only and the information contained on its website or that can be accessed through its website is not part of this annual report.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
AR brought in 54% of the revenue Corporacion America Airports broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| AR | $640.7M | $1.0B | $1.1B |
| AM | $252.5M | $252.8M | $296.3M |
| UY | $165.2M | $194.1M | $202.5M |
| Italy | $133.4M | $138.8M | $170.4M |
| BRMember | $110.6M | $111.1M | $118.5M |
| EC | $105.2M | $110.3M | $114.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue65¢$1.3B
- Selling, general and admin11¢$220.2M
- Other costs2¢$46.1M
- Interest5¢$90.8M
- Income tax4¢$75.0M
- Profit13¢$257.7M
Out of $2.0B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$16.7M
- Kept or used elsewhere96¢$448.5M
Out of $465.2M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.0B | $1.8B | $1.4B |
| Cost of services | -$1.3B | -$1.2B | -$914.7M |
| Gross profit | $689.8M | $605.9M | $485.4M |
| Selling, general and administrative expenses | -$220.2M | -$198.1M | -$138.7M |
| Impairment (loss) / reversal of non-financial assets | -$335.0K | $102.8M | |
| Other operating income | $31.8M | $46.4M | $100.6M |
| Other operating expense | -$12.7M | -$7.0M | -$9.5M |
| Operating income | $488.3M | $447.3M | $540.6M |
| Share of income / (loss) in associates | $31.1M | -$996.0K | $7.1M |
| Income before financial results and income tax | $519.4M | $446.3M | $547.7M |
| Financial income | $68.3M | $71.4M | $101.6M |
| Financial loss | -$244.0M | $110.3M | -$406.6M |
| Inflation adjustment | -$11.1M | -$21.3M | -$40.5M |
| Income before income tax | $332.7M | $606.7M | $202.2M |
| Income tax | -$75.0M | -$298.8M | $24.2M |
| Income for the year | $257.7M | $307.9M | $226.5M |
| Owners of the parent | $247.7M | $282.7M | $239.5M |
| Non-controlling interest | $10.0M | $25.2M | -$13.0M |
| Income / (loss) for the year | $257.7M | $307.9M | $226.5M |
| Basic earnings per share | $1.53 | $1.76 | $1.49 |
| Diluted earnings per share | $1.52 | $1.75 | $1.49 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Intangible assets, net | $3.1B | $3.2B | ||
| Property, plant and equipment, net | $86.1M | $77.8M | ||
| Right-of-use asset | $8.9M | $9.9M | $10.5M | |
| Investments in associates | $43.3M | $11.7M | ||
| Other financial assets at fair value through profit or loss | $5.4M | $4.2M | ||
| Other financial assets at amortized cost | $108.9M | $84.6M | ||
| Deferred tax assets | $12.6M | $13.4M | ||
| Inventories | $294.0K | $314.0K | ||
| Other receivables | $60.0M | $58.5M | ||
| Trade receivables | $11.0K | $18.0K | ||
| Total non-current assets | $3.5B | $3.4B | ||
| Inventories | $14.7M | $11.4M | ||
| Other financial assets at fair value through profit or loss | $2.5M | $3.1M | ||
| Other financial assets at amortized cost | $119.6M | $82.9M | ||
| Other receivables | $66.6M | $63.2M | ||
| Current tax assets | $11.0M | $7.4M | ||
| Trade receivables | $177.7M | $157.5M | ||
| Cash and cash equivalents | $592.8M | $439.8M | $369.8M | $385.3M |
| Currents assets other than assets classified as held for sale | $984.9M | $765.4M | ||
| Assets classified as held for sale | $137.0K | $137.0K | ||
| Total current assets | $985.0M | $765.5M | ||
| Total assets | $4.4B | $4.2B | ||
| Share capital | $165.2M | $163.2M | $163.2M | |
| Share premium | $221.4M | $183.4M | $183.4M | |
| Treasury shares | -$3.9M | -$4.1M | -$4.3M | -$4.6M |
| Free distributable reserve | $378.9M | $378.9M | ||
| Non-distributable reserve | $1.4B | $1.4B | ||
| Currency translation adjustment | -$175.5M | -$116.5M | ||
| Legal reserves | $10.0M | $7.4M | $3.7M | |
| Other reserves | -$1.3B | -$1.3B | ||
| Retained earnings | $964.6M | $718.5M | ||
| Total attributable to owners of the parent | $1.6B | $1.4B | ||
| Non-controlling interests | $74.2M | $148.7M | ||
| Total equity | $1.7B | $1.5B | $803.9M | $862.4M |
| Borrowings | $955.9M | $1.0B | ||
| Derivative financial instruments liabilities | $1.2M | $3.4M | ||
| Deferred tax liabilities | $400.6M | $383.4M | ||
| Other liabilities | $693.5M | $621.4M | ||
| Lease liabilities | $5.4M | $7.0M | ||
| Non-current tax liabilities | $1.6M | |||
| Trade payables | $1.2M | $1.9M | ||
| Total Non-current liabilities | $2.1B | $2.1B | ||
| Borrowings | $139.4M | $115.4M | ||
| Other liabilities | $428.9M | $348.6M | ||
| Lease liabilities | $4.3M | $3.7M | ||
| Derivative financial instruments liabilities | $934.0K | |||
| Current tax liabilities | $23.8M | $15.3M | ||
| Trade payables | $131.2M | $120.8M | ||
| Total current liabilities | $728.5M | $603.7M | ||
| Total liabilities | $2.8B | $2.7B | ||
| Total equity and liabilities | $4.4B | $4.2B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Intangible assets, net | $3.1B | $3.2B | ||
| Property, plant and equipment, net | $86.1M | $77.8M | ||
| Right-of-use asset | $8.9M | $9.9M | $10.5M | |
| Investments in associates | $43.3M | $11.7M | ||
| Other financial assets at fair value through profit or loss | $5.4M | $4.2M | ||
| Other financial assets at amortized cost | $108.9M | $84.6M | ||
| Deferred tax assets | $12.6M | $13.4M | ||
| Inventories | $294.0K | $314.0K | ||
| Other receivables | $60.0M | $58.5M | ||
| Trade receivables | $11.0K | $18.0K | ||
| Total non-current assets | $3.5B | $3.4B | ||
| Inventories | $14.7M | $11.4M | ||
| Other financial assets at fair value through profit or loss | $2.5M | $3.1M | ||
| Other financial assets at amortized cost | $119.6M | $82.9M | ||
| Other receivables | $66.6M | $63.2M | ||
| Current tax assets | $11.0M | $7.4M | ||
| Trade receivables | $177.7M | $157.5M | ||
| Cash and cash equivalents | $592.8M | $439.8M | $369.8M | $385.3M |
| Currents assets other than assets classified as held for sale | $984.9M | $765.4M | ||
| Assets classified as held for sale | $137.0K | $137.0K | ||
| Total current assets | $985.0M | $765.5M | ||
| Total assets | $4.4B | $4.2B | ||
| Share capital | $165.2M | $163.2M | $163.2M | |
| Share premium | $221.4M | $183.4M | $183.4M | |
| Treasury shares | -$3.9M | -$4.1M | -$4.3M | -$4.6M |
| Free distributable reserve | $378.9M | $378.9M | ||
| Non-distributable reserve | $1.4B | $1.4B | ||
| Currency translation adjustment | -$175.5M | -$116.5M | ||
| Legal reserves | $10.0M | $7.4M | $3.7M | |
| Other reserves | -$1.3B | -$1.3B | ||
| Retained earnings | $964.6M | $718.5M | ||
| Total attributable to owners of the parent | $1.6B | $1.4B | ||
| Non-controlling interests | $74.2M | $148.7M | ||
| Total equity | $1.7B | $1.5B | $803.9M | $862.4M |
| Borrowings | $955.9M | $1.0B | ||
| Derivative financial instruments liabilities | $1.2M | $3.4M | ||
| Deferred tax liabilities | $400.6M | $383.4M | ||
| Other liabilities | $693.5M | $621.4M | ||
| Lease liabilities | $5.4M | $7.0M | ||
| Non-current tax liabilities | $1.6M | |||
| Trade payables | $1.2M | $1.9M | ||
| Total Non-current liabilities | $2.1B | $2.1B | ||
| Borrowings | $139.4M | $115.4M | ||
| Other liabilities | $428.9M | $348.6M | ||
| Lease liabilities | $4.3M | $3.7M | ||
| Derivative financial instruments liabilities | $934.0K | |||
| Current tax liabilities | $23.8M | $15.3M | ||
| Trade payables | $131.2M | $120.8M | ||
| Total current liabilities | $728.5M | $603.7M | ||
| Total liabilities | $2.8B | $2.7B | ||
| Total equity and liabilities | $4.4B | $4.2B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income for the year | $257.7M | $307.9M | $226.5M |
| Amortization and depreciation | $229.1M | $203.0M | $151.6M |
| Deferred income tax | $29.2M | $263.6M | -$62.7M |
| Current income tax | $45.7M | $35.2M | $38.5M |
| Share of (income) / loss in associates | -$31.1M | $996.0K | -$7.1M |
| Impairment loss / (reversal) of non-financial assets | $335.0K | -$102.8M | |
| Loss on disposals of property, plant and equipment and intangible assets | $641.0K | $221.0K | $592.0K |
| Gain on disposal of subsidiaries | -$391.0K | ||
| Low value, short term and variable lease payments | -$2.1M | -$1.7M | -$3.1M |
| Share-based compensation expenses | $1.1M | $1.1M | $1.1M |
| Interest expense | $90.8M | $107.5M | $95.2M |
| Other financial results, net | -$16.6M | -$20.4M | -$41.6M |
| Net foreign exchange | $44.6M | -$317.0M | $164.0M |
| Government subsidies per Covid-19 context | -$720.0K | -$16.4M | -$21.5M |
| Government grants collected | $76.0K | $383.0K | |
| Other accruals | -$3.4M | -$5.5M | $3.1M |
| Inflation adjustment | -$10.0M | $1.1M | $54.2M |
| Acquisition of Intangible assets | -$203.2M | -$212.6M | -$149.4M |
| Income tax paid | -$32.3M | -$40.3M | -$22.9M |
| Income due to concession compensation | -$62.7M | ||
| Collection due to concession compensation | $90.6M | ||
| Unpaid concession fees | $55.0M | $54.2M | $50.0M |
| Changes in liability for concessions | $81.7M | $87.6M | $98.5M |
| Changes in working capital | -$71.4M | -$133.5M | -$53.3M |
| Net cash provided by operating activities | $465.2M | $405.3M | $356.4M |
| Cash contribution in associates | -$712.0K | -$666.0K | -$84.0K |
| Acquisition of other financial assets | -$195.5M | -$156.4M | -$128.9M |
| Disposals of other financial assets | $138.7M | $136.8M | $72.6M |
| Acquisition of Property, plant and equipment | -$16.7M | -$12.2M | -$9.7M |
| Acquisition of Intangible assets | -$2.0M | -$1.4M | -$1.2M |
| Proceeds from sale of Property, plant and Equipment | $172.0K | $25.0K | $264.0K |
| Net cash inflow on disposal of subsidiaries | $289.0K | -$404.0K | |
| Others | $3.8M | $1.8M | $626.0K |
| Net cash used in investing activities | -$71.9M | -$32.5M | -$66.4M |
| Proceeds from cash contributions | $9.4M | ||
| Proceeds from borrowings | $18.1M | $190.3M | $87.8M |
| Principal elements of lease payments | -$4.7M | -$4.4M | -$3.1M |
| Loans repaid | -$115.1M | -$314.1M | -$200.5M |
| Interest paid | -$83.7M | -$96.2M | -$83.8M |
| Debt renegotiation expenses | -$193.0K | -$2.5M | -$110.0K |
| Guarantee deposit | $448.0K | $1.1M | $2.2M |
| Dividends paid to non-controlling interests in subsidiaries | -$49.5M | -$14.9M | -$13.7M |
| Payment for additional acquisitions in subsidiaries | -$30.9M | ||
| Others | $322.0K | $86.0K | |
| Net cash used in financing activities | -$234.7M | -$271.2M | -$201.6M |
| Increase in cash and cash equivalents | $158.6M | $101.6M | $88.4M |
| Effects of exchange rate changes and inflation adjustment on cash and cash equivalents | -$5.7M | -$31.6M | -$103.8M |
No quarter-by-quarter statement was filed.
Corporate structure
Corporacion America Airports is part of a group headed by Corporación América. 5 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Corporacion America Airports
- Helikon Investments Ltd Filed SCHEDULE 13G/A on Corporacion America Airports, latest May 12, 2025 (4 filings since Feb 2, 2022)
- Corporación América Buenos Aires, Argentina
- Corporacion America Airports Luxembourg, Luxembourg
- Toscana Aeroporti Subsidiary · Firenze, Italy
- JET FUEL CO. S.R.L. Subsidiary · Pisa, Italy
- CORPORACION AEROPORTUARIA S.A. (CORPORACIÓN AEROPORTUARIA S.A.) Subsidiary · Ciudad Autonoma De Buenos Aires, Argentina
- Toscana Aeroporti Subsidiary · Firenze, Italy
- Corporacion America Airports Luxembourg, Luxembourg
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Corporacion America Airports reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $86.1M4 Dec 31, 2025 | $77.8M4 Dec 31, 2024 | +10.7% |
| Operating-lease assets (leased space) | $8.9M4 Dec 31, 2025 | $9.9M4 Dec 31, 2024 | −10.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $592.8M4 Dec 31, 2025 | $439.8M4 Dec 31, 2024 | +34.8% |
| Long-term investments | $114.3M4 Dec 31, 2025 | $88.9M4 Dec 31, 2024 | +28.6% |
Inventory
Stakes and holdings (Wikidata)
Things Wikidata records the company as owning, with the share when stated.1
Leadership
Who has led Corporacion America Airports, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerMartin Francisco Antranik Eurnekian Mar 18, 2026 to now13
- Chief financial officerFilho Jorge Arruda Mar 18, 2026 to now14
Board members and other officers (7)
- Head of Legal & ComplianceAndres Pedro Mariano Zenarruza Mar 31, 2026 to now15
- Board memberCarlo Alberto Montagna Mar 18, 2026 to now16
- Board memberDaniel Marx Mar 18, 2026 to now17
- Board memberDavid Ernest Maximilien Glenn Arendt Mar 18, 2026 to now18
- Board memberMaximo Luis Bomchil Mar 18, 2026 to now19
- Board memberRoderick Hamilton McGeoch Mar 18, 2026 to now20
- Board memberValerie Pechon Mar 18, 2026 to now21
Subsidiaries and ownership
Parent company
Also owns
From Wikidata.1
Timeline
Calendar
Coming up
- Nov 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.34 a share, on Nov 24, 2025.22
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
168 filings to the SEC since October 2021: 5 annual reports, 9 insider forms, 4 large holders, 150 other. The latest 20:
- Oct 14, 20266-K EDGAR
- Sep 28, 20266-K EDGAR
- Sep 16, 20266-K EDGAR
- Aug 18, 20266-K EDGAR
- Aug 18, 20266-K EDGAR
- Aug 17, 20266-K EDGAR
- Aug 10, 20266-K EDGAR
- Jul 17, 20266-K EDGAR
- Jun 26, 20266-K EDGAR
- Jun 18, 20266-K EDGAR
- May 20, 20266-K EDGAR
- May 14, 20266-K EDGAR
- May 13, 20266-K EDGAR
- May 13, 20266-K EDGAR
- May 12, 20266-K EDGAR
- Apr 21, 20266-K EDGAR
- Apr 20, 20266-K EDGAR
- Mar 31, 20263 FORM 3 - ZENARRUZA EDGAR
- Mar 18, 20263 FORM 3 - EURNEKIAN EDGAR
- Mar 18, 20263 FORM 3 - MCGEOCH EDGAR
The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Helikon Investments LtdSCHEDULE 13G/A, 4 filings Feb 2, 2022 to May 12, 202523
SEC filer profile
How Corporacion America Airports is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCORPORACION AMERICA AIRPORTS S.A.2
- CIK0001717393
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company6
- Incorporated inLuxembourg6
- Fiscal year endsDecember 312
- Industry code (SIC)4581 Airports, Flying Fields & Airport Terminal Services2
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
- Business address128 Boulevard De La Petrusse, Luxembourg, 2330, Luxembourg2
- Phone352-262582742
- Shares outstanding165,219,146 shares as of Dec 31, 20256
- AuditorPrice Waterhouse & Co. S.R.L, Buenos Aires, Argentina PCAOB ID 1349; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceOct 5, 20172
- Filings335 in all: 6-K (268), 20-F (9), 3 (9), CORRESP (8), UPLOAD (7), F-1/A (5), SC 13G/A (4), 6-K/A (3)2
All 23 form types
FWP (3), SC 13G (3), DRSLTR (2), EFFECT (2), IRANNOTICE (2), 20-F/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), F-3 (1), S-8 (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Mar 17, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, U.S.$1.00 nominal value per share | CAAP | New York Stock Exchange |
From the cover page of the 20-F filed Mar 17, 2026 (Section 12(b) of the Exchange Act).6
Links
- Websitewww.caap.aero1
- WikidataQ110360228
- SEC EDGARCIK 1717393
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 4
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- 6
- 7
- 8
- 9
- 10
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- 12
- 13
- 14
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- 16SEC EDGARCarlo Alberto Montagna, Board member
- 17SEC EDGARDaniel Marx, Board member
- 18
- 19SEC EDGARMaximo Luis Bomchil, Board member
- 20
- 21SEC EDGARValerie Pechon, Board member
- 22NasdaqNasdaq calendar
- 23