- Grupo Aeroportuario del Sureste (ASR) Lands A Higher Target As Analysts Reassess The Outlook
May 12, 2026
With an upside potential of 23.25%, Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) is among the Best Transport Infrastructure Stocks to Buy for 2026.
On April 30, Pablo Monsivais of Barclays raised the firm’s price target on Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) to MXN 603 from MXN 583 while maintaining an Equal Weight rating on the shares.
This happened after, on April 16, an analyst at Barclays raised the firm’s price target on Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) to MXN 583 from MXN 565, again maintaining an Equal Weight rating on the shares.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR), founded in 1996 and headquartered in Mexico City, is a transportation infrastructure company that holds concessions to operate, maintain, and develop airport assets.
Steady passenger traffic growth, particularly in higher-growth regions such as Colombia, highlights the resilience and diversification of ASR’s operating footprint. Combined with supportive analyst coverage and stable concession-based revenue streams, the company is well-positioned to deliver consistent cash flows and long-term earnings visibility.
While we acknowledge the potential of ASR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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- Global Market: 3 Stocks That Could Be Undervalued Opportunities
May 12, 2026
As global markets experience a mix of resilience and volatility, with U.S. equity markets rallying on strong corporate earnings and European indices facing pressure from geopolitical tensions, investors are keenly observing potential opportunities. In this environment, identifying undervalued stocks can be crucial for those looking to capitalize on favorable market conditions, as these stocks often present a chance to invest in companies whose intrinsic value may not yet be fully recognized by the market.
Top 10 Undervalued Stocks Based On Cash Flows
Name Current Price Fair Value (Est) Discount (Est) Sicily by Car (BIT:SBC) €3.16 €6.28 49.7% Sichuan Kelun-Biotech Biopharmaceutical (SEHK:6990) HK$449.20 HK$898.30 50% Sanoma Oyj (HLSE:SANOMA) €8.82 €17.63 50% Generic Sweden (OM:GENI) SEK38.30 SEK76.36 49.8% Fagerhult Group (OM:FAG) SEK19.72 SEK39.23 49.7% EBRO EV Motors (BME:EBROM) €10.00 €19.86 49.6% cyan (XTRA:CYR) €2.04 €4.06 49.8% Cavotec Group (OM:CCC) SEK13.30 SEK26.46 49.7% Cambi (OB:CAMBI) NOK21.50 NOK42.63 49.6% B&S Group (ENXTAM:BSGR) €5.85 €11.66 49.8%
Click here to see the full list of 418 stocks from our Undervalued Global Stocks Based On Cash Flows screener.
Let's review some notable picks from our screened stocks.
Grupo Aeroportuario del Sureste S. A. B. de C. V
Overview: Grupo Aeroportuario del Sureste, S. A. B. de C. V operates airport facilities and services, with a market cap of MX$161.51 billion.
Operations: The company's revenue segments include MX$21.38 billion from Mexico - Cancun, MX$5.36 billion from San Juan, Puerto Rico, US, MX$3.80 billion from Colombia, MX$3.72 billion from Mexico - Other Airports, MX$1.76 billion from Mexico - Merida, and MX$1.18 billion from Services; with additional contributions of MX$712.83 million from Mexico - Villahermosa.
Estimated Discount To Fair Value: 43.6%
Grupo Aeroportuario del Sureste S.A.B. de C.V. appears undervalued based on discounted cash flow analysis, trading significantly below its estimated future cash flow value of MX$955.31 at MX$538.35. Despite a recent decline in net income and profit margins, its earnings are forecast to grow faster than the Mexican market at 12.5% annually, suggesting potential for future profitability improvements even as revenue growth remains modest at 6.5% per year.
Our earnings growth report unveils the potential for significant increases in Grupo Aeroportuario del Sureste S. A. B. de C. V's future results. Unlock comprehensive insights into our analysis of Grupo Aeroportuario del Sureste S. A. B. de C. V stock in this financial health report.BMV:ASUR B Discounted Cash Flow as at May 2026
TR Anadolu Metal Madencilik Isletmeleri
Overview: TR Anadolu Metal Madencilik Isletmeleri A.S., along with its subsidiaries, is involved in mining activities in Turkey and has a market capitalization of TRY49.87 billion.
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Operations: The company generates revenue primarily from its mining operations, amounting to TRY17.55 billion.
Estimated Discount To Fair Value: 39%
TR Anadolu Metal Madencilik Isletmeleri is trading at TRY128.5, significantly below its estimated future cash flow value of TRY210.82, indicating it is highly undervalued based on discounted cash flow analysis. The company has turned profitable with a net income of TRY1.95 billion for 2025, compared to a loss the previous year, and it forecasts robust revenue growth at 59.1% annually and earnings growth at 61.8%, outpacing the Turkish market averages.
Upon reviewing our latest growth report, TR Anadolu Metal Madencilik Isletmeleri's projected financial performance appears quite optimistic. Navigate through the intricacies of TR Anadolu Metal Madencilik Isletmeleri with our comprehensive financial health report here.IBSE:TRMET Discounted Cash Flow as at May 2026
Nanya Technology
Overview: Nanya Technology Corporation is involved in the research, development, manufacturing, and sale of semiconductor products across various countries including Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, and Poland; it has a market cap of approximately NT$932.69 billion.
Operations: Nanya Technology's revenue is primarily derived from its semiconductor products, which are developed and sold across multiple international markets including Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, and Poland.
Estimated Discount To Fair Value: 48.7%
Nanya Technology is trading at NT$319.5, significantly below its estimated future cash flow value of NT$622.37, highlighting its undervaluation based on discounted cash flow analysis. The company reported a net income of TWD 26.06 billion for Q1 2026, reversing a loss from the previous year. With expected annual earnings growth of 39.4% and revenue growth of 30.7%, it outpaces market averages despite recent share price volatility.
According our earnings growth report, there's an indication that Nanya Technology might be ready to expand. Dive into the specifics of Nanya Technology here with our thorough financial health report.TWSE:2408 Discounted Cash Flow as at May 2026
Next Steps
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BMV:ASUR B IBSE:TRMET and TWSE:2408.
This article was originally published by Simply Wall St.
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- ASUR Announces Total Passenger Traffic for April 2026
May 6, 2026
Passenger traffic increased year-on-year by 5. 6% in Colombia, and decreased by 2.6% in México and 2.2 % in Puerto Rico
MEXICO CITY, May 6, 2026 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.(NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for April 2026 reached a total of 6.0 million passengers, representing a decrease of 0.7% compared to April 2025.
Passenger traffic showed a year-on-year increase of 5.6% in Colombia, while traffic declined 2.6% in Mexico and 2.2% in Puerto Rico. Growth in Colombia was driven by increases of 5.9% in domestic traffic and 4.7% in international traffic, while Mexico reported decreases of 3.3% and 1.9% in in international and domestic traffic, respectively, and Puerto Rico decreases of 6.4% and 1.7% in international and domestic traffic, respectively.
All figures in this statement reflect comparisons between the period from April 1 to April 30, 2026, and from April 1 to March 30, 2025. Note that Easter Week in 2026 took place from April 29 to April 5, while in 2025 it was from April 13 to April 20, 2025. Transit and general aviation passengers are excluded only for Mexico and Colombia.
Passenger Traffic Summary April % Chg Year to date % Chg 2025 2026 2024 2025 Mexico 3,511,745 3,419,141 (2.6) 14,456,882 14,357,116 (0.7) Domestic Traffic 1,653,649 1,622,844 (1.9) 6,234,133 6,168,238 (1.1) International Traffic 1,858,096 1,796,297 (3.3) 8,222,749 8,188,878 (0.4) San Juan, Puerto Rico 1,174,568 1,148,395 (2.2) 4,783,150 4,678,193 (2.2) Domestic Traffic 1,033,889 1,016,764 (1.7) 4,261,135 4,158,077 (2.4) International Traffic 140,679 131,631 (6.4) 522,015 520,116 (0.4) Colombia 1,340,348 1,415,450 5.6 5,386,702 5,908,668 9.7 Domestic Traffic 1,032,952 1,093,626 5.9 4,111,608 4,545,060 10.5 International Traffic 307,396 321,824 4.7 1,275,094 1,363,608 6.9 Total Traffic 6,026,661 5,982,986 (0.7) 24,626,734 24,943,977 1.3 Domestic Traffic 3,720,490 3,733,234 0.3 14,606,876 14,871,375 1.8 International Traffic 2,306,171 2,249,752 (2.4) 10,019,858 10,072,602 0.5
Mexico Passenger Traffic April % Chg Year to date % Chg 2025 2026 2025 2026 Domestic Traffic 1,653,649 1,622,844 (1.9) 6,234,133 6,168,238 (1.1) CUN Cancun 835,045 789,691 (5.4) 3,122,813 2,911,321 (6.8) CZM Cozumel 22,995 23,333 1.5 75,554 80,094 6.0 HUX Huatulco 55,891 53,325 (4.6) 216,020 206,547 (4.4) MID Merida 287,801 308,622 7.2 1,095,167 1,205,524 10.1 MTT Minatitlan 13,069 11,836 (9.4) 49,405 44,408 (10.1) OAX Oaxaca 133,769 128,678 (3.8) 524,781 507,866 (3.2) TAP Tapachula 41,372 41,641 0.7 170,834 165,506 (3.1) VER Veracruz 142,650 145,219 1.8 526,546 566,067 7.5 VSA Villahermosa 121,057 120,499 (0.5) 453,013 480,905 6.2 International Traffic 1,858,096 1,796,297 (3.3) 8,222,749 8,188,878 (0.4) CUN Cancun 1,739,253 1,674,788 (3.7) 7,636,701 7,586,254 (0.7) CZM Cozumel 33,368 33,777 1.2 184,035 180,054 (2.2) HUX Huatulco 12,885 14,489 12.4 93,311 104,085 11.5 MID Merida 32,524 31,690 (2.6) 144,275 153,679 6.5 MTT Minatitlan 558 794 42.3 2,378 2,824 18.8 OAX Oaxaca 19,800 17,104 (13.6) 94,435 85,434 (9.5) TAP Tapachula 3,246 4,999 54.0 8,830 11,322 28.2 VER Veracruz 12,207 12,414 1.7 45,408 48,635 7.1 VSA Villahermosa 4,255 6,242 46.7 13,376 16,591 24.0 Traffic Total Mexico 3,511,745 3,419,141 (2.6) 14,456,882 14,357,116 (0.7) CUN Cancun 2,574,298 2,464,479 (4.3) 10,759,514 10,497,575 (2.4) CZM Cozumel 56,363 57,110 1.3 259,589 260,148 0.2 HUX Huatulco 68,776 67,814 (1.4) 309,331 310,632 0.4 MID Merida 320,325 340,312 6.2 1,239,442 1,359,203 9.7 MTT Minatitlan 13,627 12,630 (7.3) 51,783 47,232 (8.8) OAX Oaxaca 153,569 145,782 (5.1) 619,216 593,300 (4.2) TAP Tapachula 44,618 46,640 4.5 179,664 176,828 (1.6) VER Veracruz 154,857 157,633 1.8 571,954 614,702 7.5 VSA Villahermosa 125,312 126,741 1.1 466,389 497,496 6.7
US Passenger Traffic, San Juan Airport (LMM) April % Chg Year to date % Chg 2025 2026 2025 2026 SJU Total 1,174,568 1,148,395 (2.2) 4,783,150 4,678,193 (2.2) Domestic Traffic 1,033,889 1,016,764 (1.7) 4,261,135 4,158,077 (2.4) International Traffic 140,679 131,631 (6.4) 522,015 520,116 (0.4)
Colombia Passenger Traffic Airplan April % Chg Year to date % Chg 2025 2026 2025 2026 Domestic Traffic 1,032,952 1,093,626 5.9 4,111,608 4,545,060 10.5 MDE Rionegro 784,536 833,027 6.2 3,102,383 3,468,805 11.8 EOH Medellin 93,071 89,875 (3.4) 366,513 362,535 (1.1) MTR Monteria 110,138 123,137 11.8 460,764 526,326 14.2 APO Carepa 15,078 15,202 0.8 55,241 60,089 8.8 UIB Quibdo 26,544 30,228 13.9 104,987 118,569 12.9 CZU Corozal 3,585 2,157 (39.8) 21,720 8,736 (59.8) International Traffic 307,396 321,824 4.7 1,275,094 1,363,608 6.9 MDE Rionegro 307,396 321,824 4.7 1,275,094 1,363,608 6.9 EOH Medellin MTR Monteria - - - - APO Carepa - - - - UIB Quibdo - - - - CZU Corozal - - - - Traffic Total Colombia 1,340,348 1,415,450 5.6 5,386,702 5,908,668 9.7 MDE Rionegro 1,091,932 1,154,851 5.8 4,377,477 4,832,413 10.4 EOH Medellin 93,071 89,875 (3.4) 366,513 362,535 (1.1) MTR Monteria 110,138 123,137 11.8 460,764 526,326 14.2 APO Carepa 15,078 15,202 0.8 55,241 60,089 8.8 UIB Quibdo 26,544 30,228 13.9 104,987 118,569 12.9 CZU Corozal 3,585 2,157 (39.8) 21,720 8,736 (59.8)
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports across the Americas. The Company operates nine airports in southeastern Mexico, including Cancún Airport, the largest tourist gateway in Mexico, the Caribbean, and Latin America; as well as six airports in northern Colombia, including Medellin international airport (Rionegro), the second busiest in Colombia.
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ASUR also holds a 60% interest in Aerostar Airport Holdings, LLC, operator of Luis Muñoz Marin International Airport in San Juan, the capital of Puerto Rico, the island's primary international gateway. San Juan Airport was the first and remains the only major airport in the U.S. to have successfully completed a public–private partnership under the FAA Pilot Program. ASUR has recently expanded into airport commercial services through ASUR US Airports, which partners with airports and airlines to deliver enhanced retail and passenger experiences. ASUR US Airports operates at major U.S. hubs, including Los Angeles International, Chicago O'Hare, and John F. Kennedy International, and has historically shown competitive performance against U.S. commercial revenue benchmarks.
Headquartered in Mexico, ASUR is listed on both the Mexican Bolsa (BMV) under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) B-series shares. For further information, visit www.asur.com.mx.Cision
View original content:https://www.prnewswire.com/news-releases/asur-announces-total-passenger-traffic-for-april-2026-302764550.html
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- Grupo Aeroportuario del Sureste SAB de CV (ASR) Q1 2026 Earnings Call Highlights: Navigating ...
Apr 24, 2026
This article first appeared on GuruFocus.
Release Date: April 23, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Total passenger traffic increased by 1.9% year-on-year, driven by strong growth in Colombia and stabilization in Mexico. The integration of ASR's US airports contributed to non-aeronautical revenues, with expectations for further improvement as the platform scales. The company is focused on completing the Motiva transaction, which will significantly expand its footprint and reinforce long-term growth. Commercial revenues increased nearly 7%, reflecting new commercial operations in the U.S. and organic growth in Colombia. ASR's balance sheet shows significant flexibility for growth with a net debt to EBITDA ratio of 0.8 times.
Negative Points
Traffic trends were negatively affected by security-related events in Mexico and TSA-related disruptions in the U.S., impacting Puerto Rico. Total revenues increased only 0.2% year-on-year, with aeronautical revenues declining due to FX conversion impacts and lower traffic in Puerto Rico. Consolidated EBITDA margin declined nearly 600 basis points to 64.1% year-on-year, reflecting the ramp-up of U.S. operations and amortization changes in Colombia. Net majority income declined 20% year-on-year due to higher depreciation, amortization, and increased interest expenses. Operational costs increased by 25% year-on-year, driven by the integration of U.S. operations and inflationary pressures.
Q & A Highlights
Warning! GuruFocus has detected 7 Warning Signs with CIVB. Is ASR fairly valued? Test your thesis with our free DCF calculator.
Q: Can you provide insights on the expected EBITDA contribution from ASUR's U.S. commercial business, considering the new commercial space at JFK? Also, are there any extraordinary expenses anticipated with the Motiva acquisition? A: Adolfo Castro, CEO, explained that the U.S. operations are still ramping up, with new openings at JFK Terminal 8 and the upcoming Terminal 1. The EBITDA for this year is expected to be around $20 million, with further growth anticipated next year. Regarding the Motiva acquisition, no significant extraordinary expenses are expected in the coming quarter.
Q: What are the expectations for traffic trends in Mexico, and how might the World Cup affect routes like Cancun? A: Adolfo Castro, CEO, noted that traffic trends were affected by security events and TSA disruptions but are expected to stabilize. The World Cup is not anticipated to significantly impact Cancun traffic, as Mexico will host only 13 games, with most in Mexico City.
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Q: Could you elaborate on the investments in Colombia and any potential amendments to the concession agreement? A: Adolfo Castro, CEO, stated that an amendment was signed to allow investments of 165 billion Colombian pesos to improve service levels at the Medellin airport. This will extend the regulated revenue period to the end of 2027.
Q: How does the appreciation of the Mexican peso affect maximum tariffs and expenses? A: Adolfo Castro, CEO, explained that maximum tariffs are based on pesos per passenger, so adjustments are made accordingly. There were also one-time expenses related to the U.S. acquisition, including professional fees and adjustments from the previous year.
Q: What is the outlook for commercial revenues and passenger profiles, particularly in Puerto Rico? A: Adolfo Castro, CEO, highlighted that TSA delays in Puerto Rico affected commercial revenues, but there is no significant change in passenger spending behavior. The peso's appreciation against the dollar also impacted results.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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- ASUR Announces Resolutions Approved at the General Annual Ordinary Shareholders' Meeting held on April 23rd, 2026
Apr 23, 2026
MEXICO CITY, April 23, 2026 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that shareholders approved the following resolutions and considered the following matters at the General Annual Ordinary Shareholders' Meeting held in Mexico City on April 23rd, 2026:
General Annual Ordinary Meeting Summary of Resolutions
Approval of the report submitted by the Chief Executive Officer to the Board of Directors, accompanied by the independent auditor's report, with respect to the operations and results of the Company during the fiscal year ended December 31st, 2025, as well as the Board of Directors' opinion regarding the content of said report. Approval of the report submitted by the Board of Directors which contains the principal accounting and reporting policies and criteria followed in the preparation of the Company's financial information. Furthermore, note was taken of the report submitted by the Board of Directors with respect to the transactions entered into with Related Persons and Relevant Shareholders, or contracts exceeding US$2,000,000.00. Due note was taken that the report of the activities and operations in which the Board of Directors intervened, pursuant to Article 28 IV (e) of the Securities Market Law, was not prepared because during the fiscal year ended on December 31st, 2025, the Board of Directors did not intervene in any such activities or operations to be reported. Approval of the audited individual and consolidated financial statements of the Company for the year ended December 31st, 2025. Approval of the report submitted by the Audit and Corporate Practices Committee of the Company with respect to its activities during the fiscal year ended December 31st, 2025. Approval of the activities of the Board of Directors during the year ended December 31st, 2025. Approval of the report on fulfillment of the tax obligations of the Company for the fiscal year ended December 31st, 2024. Due note was taken that the report for the year ended December 31st, 2025 has not yet been issued and will be presented for approval at the first General Shareholders' Meeting to be held after the report is issued. Approval to set aside Ps. 6.00 (six pesos and zero cents, Mexican legal tender) from the accumulated net profits for the year ended December 31st, 2025 to increase the legal reserve of the Company, in accordance with Article 20 of the Mexican General Corporations Law (Ley General de Sociedades Mercantiles). Approval of an ordinary net cash dividend from accumulated retained earnings in the amount of Ps. 10.00 (ten pesos and zero cents, Mexican legal tender) per share, payable in May 2026, to be paid out in a single installment to each of the outstanding, common, Series "B" and "BB" shares representing the paid-in capital stock of the Company, and that are issued, subscribed, fully paid and released on such date and (ii) the taxes that the Company incurs with respect to the dividend payment.
Payment of the ordinary dividend shall be made through the Variable Income (Renta Variable) department of S.D. Indeval, S.A. de C.V., at its offices located at Paseo de la Reforma No. 255-3rd floor, Colonia Cuauhtemoc, 06500, Mexico City, Mexico, from Monday through Friday from 9:30 through 13:00 hours as of May 28th, 2026. Payment of the dividend shall be made against delivery of coupon "22" (twenty-two) of the outstanding stock certificates in accordance with the terms notified to shareholders.
The dividend payment notices shall be published no later than April 24th, 2026 in a newspaper in general circulation. Approval to set aside all remaining accumulated net profits for the year ended December 31st, 2025 for the repurchase of shares by the Company during the fiscal year 2026, pursuant to Article 56 of the Securities Market Law. Approval of the activities of the Board of Directors, Chief Executive Officer, Secretary and Assistant Secretary during the year ended December 31st, 2025, and release from any liability they might have incurred in the execution of their duties. Ratification of all members and alternate members of the Board of Directors, as well as ratification of non-member Secretary and Assistant Secretary of the Board of Directors. Ratification of Mr. Guillermo Ortiz Martínez as Chairman of the Audit Committee. Ratification of Ms. Bárbara Garza Lagüera Gonda, Mr. Fernando Chico Pardo and Mr. José Antonio Pérez Antón as members of the Nominations and Compensation Committee. Approval of the proposal made by the Nominations and Compensation Committee to pay the following compensation to the members of the management bodies of the Company:
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- Each member of the Board of Directors will receive Ps. 110,000.00 (one hundred and ten thousand pesos 00/100 Mexican currency), plus travel expenses, if any, per meeting attended.
- Each member of the Audit and Corporate Practices Committee will receive Ps. 150,000.00 (one hundred and fifty thousand pesos 00/100 Mexican Currency), plus travel expenses, if any, per meeting attended.
- Each member of the Operations Committee will receive, Ps. 110,000.00 (one hundred and ten thousand pesos 00/100 Mexican currency), plus travel expenses, if any, per meeting attended.
- Each member of the Nominations and Compensation Committee will receive Ps. 110,000.00 (one hundred and ten thousand pesos 00/100 Mexican currency), plus travel expenses, if any, per meeting attended.
- Each member of the Acquisitions and Contracts Committee will receive Ps. 40,000.00 (forty thousand pesos 00/100 Mexican Currency), plus travel expenses, if any, per meeting attended.
Special delegates of the Ordinary Annual General Shareholders' Meeting were appointed to appear before a notary public to legalize the minutes of the meeting and to undertake any other action necessary to formalize and give effect to the resolutions taken at this meeting.
About ASUR Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports across the Americas. The Company operates nine airports in southeast of Mexico, including Cancún Airport, the largest tourist gateway in Mexico, the Caribbean, and Latin America; as well as six airports in northern Colombia, including Medellin international airport (Rionegro), the second busiest in Colombia.
ASUR also holds a 60% interest in Aerostar Airport Holdings, LLC, operator of Luis Muñoz Marin International Airport in San Juan, the capital of Puerto Rico, the island's primary international gateway. San Juan Airport was the first and remains the only major airport in the U.S. to have successfully completed a public–private partnership under the FAA Pilot Program. ASUR has recently expanded into airport commercial services through ASUR US Airports, which partners with airports and airlines to deliver enhanced retail and passenger experiences. ASUR US Airports operates at major U.S. hubs, including Los Angeles International, Chicago O'Hare, and John F. Kennedy International, and has historically shown competitive performance against U.S. commercial revenue benchmarks.
Headquartered in Mexico, ASUR is listed on both the Mexican Bolsa (BMV) under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) B-series shares. For further information, visit www.asur.com.mxCision
View original content:https://www.prnewswire.com/news-releases/asur-announces-resolutions-approved-at-the-general-annual-ordinary-shareholders-meeting-held-on-april-23rd-2026-302752082.html
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- ASUR ANNOUNCES 1Q26 RESULTS
Apr 22, 2026
Total passenger traffic increased 1.9% YoY, driven by 11.0% increase in Colombia, while Mexico remained flat and Puerto Rico decreased 2.2%
MEXICO CITY, April 22, 2026 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the United States, and Colombia, today announced its results for the three-month period ended March 31, 2026.
1Q26 Highlights1
Total passenger traffic increased 1.9% YoY ("YoY"). By country of operations, passenger traffic showed the following YoY variations:
Colombia (Airplan): increased 11.0%, reflecting increases of 7.7% and 12.1% in international and domestic traffic, respectively. Mexico: remained flat (-0.1%), as a 0.4% increase in international traffic was offset by a 0.8% decrease in domestic traffic. Puerto Rico (Aerostar): decreased 2.2%, as a 2.7% decrease in domestic traffic offset a 1.9% increase in international traffic. Commercial revenue per passenger increased 4.7% YoY to Ps.153.6. Consolidated EBITDA decreased 6.5% YoY to Ps.5,353.6 million. Adjusted EBITDA margin (excluding IFRIC 12 effect) decreased to 64.1% from 70.0% in 1Q25. Cash position of Ps.13,811.7 million at March 31, 2026, with Net Debt to LTM EBITDA at 0.8x. 1Q26 reflects the first full quarter of consolidation of ASUR US Commercial Airports, LLC ("ASUR US Airports"), ASUR's subsidiary operating the U.S. commercial segment, impacting YoY comparability.
Table 1: Financial and Operating Highlights1 First Quarter % Chg 2025 2026 Financial Highlights Total Revenue 8,787,475 8,858,050 0.8 Mexico 6,472,205 6,191,990 (4.3) San Juan 1,321,701 1,258,992 (4.7) Colombia 993,569 969,342 (2.4) United States 437,726 n/a Commercial Revenues per PAX 146.8 153.6 4.7 Mexico 169.4 157.3 (7.1) San Juan 174.0 163.3 (6.2) Colombia 64.2 61.3 (4.5) EBITDA 5,724,836 5,353,643 (6.5) Net Income 3,638,219 2,926,408 (19.6) Majority Net Income 3,515,784 2,813,204 (20.0) Earnings per Share (in pesos) 11.7193 9.3773 (20.0) Earnings per ADS (in US$) 6.5095 5.2087 (20.0) Capex 645,357 544,316 (15.7) Cash & Cash Equivalents 22,681,245 13,811,729 (39.1) Net Debt (9,758,042) 13,528,158 (238.6) Net Debt/ LTM EBITDA (0.5) 0.8 (270.5) Operational Highlights Passenger Traffic Mexico 10,945,137 10,937,975 (0.1) San Juan 3,608,582 3,529,798 (2.2) Colombia 4,046,354 4,493,218 11.0
1 Unless otherwise stated, all financial figures are unaudited and prepared in accordance with International Financial Reporting Standards (IFRS). All figures in this report are expressed in Mexican pesos, unless otherwise noted. Tables state figures in thousands of Mexican pesos, unless otherwise noted. Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, unless otherwise noted. Commercial revenues include revenues from non-permanent ground transportation and parking lots. U.S. dollar figures are calculated at an exchange rate of US$1.00 = Ps.18.0033 (source: Diario Oficial de la Federación de Mexico) while Colombian peso figures are calculated at an exchange rate of COP.204.5200 = Ps.1.00 (source: Investing). Definitions for EBITDA, Adjusted EBITDA Margin, and Majority Net Income can be found on page 20 of this report.
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For a full version of ASUR's First Quarter of 2026 Earnings Release, please visit: https://www.asur.com.mx/informacion-financiera-page-0
1Q26 Earnings Call
Day: Thursday, April 23, 2026, at 10:00 AM ET; 8:00 AM Mexico City time
Dial-in: +1 877 407 4018 (U.S. Toll-Free); +1 201 689 8471 (International)
Access Code:13759745. Please dial-in 10 minutes before the scheduled start time.
Replay: Thursday, April 23, 2026, at 2:00 PM ET, ending at 11:59 PM ET on Thursday, April 30, 2026. Dial-in: +1 844 512 2921 (U.S. Toll-Free); +1 412 317 6671 (International). Access Code: 13759745
Definitions
Concession Services Agreements (IFRIC 12 interpretation). In Mexico and Puerto Rico, ASUR is required by IFRIC 12 to include in its income statement an income line, "Construction Revenues," reflecting the revenue from construction of, or improvements to concessioned assets made during the relevant period. The same amount is recognized under the expense line "Construction Costs" because ASUR hires third parties to provide construction services. Because equal amounts of Construction Revenues and Construction Costs have been included in ASUR's income statement as a result of the application of IFRIC 12, the amount of Construction Revenues does not have an impact on EBITDA, but it does have an impact on EBITDA Margin. In Colombia, "Construction Revenues" include the recognition of the revenue to which the concessionaire is entitled for carrying out the infrastructure works in the development of the concession, while "Construction Costs" represents the actual costs incurred in the execution of such additions or improvements to the concessioned assets.
Majority Net Income reflects ASUR's equity interests in each of its subsidiaries and therefore excludes the 40% interest in Aerostar that is owned by other shareholders. Other than Aerostar, ASUR owns (directly or indirectly) 100% of its subsidiaries.
EBITDA means net income before provision for taxes, deferred taxes, profit sharing, non-ordinary items, participation in the results of associates, comprehensive financing cost, and depreciation and amortization. EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance, as an alternative to cash flow or as an indicator of liquidity. Our management believes that EBITDA provides a useful measure that is widely used by investors and analysts to evaluate our performance and compare it with other companies. EBITDA is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.
Adjusted EBITDA Margin is calculated by dividing EBITDA by total revenues excluding construction services revenues for Mexico, Puerto Rico, and Colombia and excludes the effect of IFRIC 12 with respect to the construction of, or improvements to concessioned assets. ASUR is required by IFRIC 12 to include in its income statement an income line reflecting the revenue from construction of, or improvements to concessioned assets made during the relevant period. The same amount is recognized under the expense line "Construction Costs" because ASUR hires third parties to provide construction services. In Mexico and Puerto Rico, because equal amounts of Construction Revenues and Construction Costs have been included in ASUR's income statement as a result of the application of IFRIC 12, the amount of Construction Revenues does not have an impact on EBITDA, but it does have an impact on EBITDA Margin, as the increase in revenues that relates to Construction Revenues does not result in a corresponding increase in EBITDA. In Colombia, construction revenues do have an impact on EBITDA, as construction revenues include a reasonable margin over the actual cost of construction. Like EBITDA Margin, Adjusted EBITDA Margin should not be considered as an indicator of our operating performance, as an alternative to cash flow or as an indicator of liquidity and is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports across the Americas. The Company operates nine airports in southeastern Mexico, including Cancún Airport, the largest tourist gateway in Mexico, the Caribbean, and Latin America; as well as six airports in northern Colombia, including Medellin international airport (Rionegro), the second busiest in Colombia.
ASUR also holds a 60% interest in Aerostar Airport Holdings, LLC, operator of Luis Muñoz Marin International Airport in San Juan, the capital of Puerto Rico, the island's primary international gateway. San Juan Airport was the first and remains the only major airport in the U.S. to have successfully completed a public–private partnership under the FAA Pilot Program. ASUR has recently expanded into airport commercial services through ASUR US Airports, which partners with airports and airlines to deliver enhanced retail and passenger experiences. ASUR US Airports operates at major U.S. hubs, including Los Angeles International, Chicago O'Hare, and John F. Kennedy International, and has historically shown competitive performance against U.S. commercial revenue benchmarks.
Headquartered in Mexico, ASUR is listed on both the Mexican Bolsa (BMV) under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) B-series shares. For further information, visit www.asur.com.mx
Analyst Coverage
In accordance with Article 4.033.01 of the Mexican Stock Exchange Internal Rules, ASUR reports that the stock is covered by the following broker-dealers: Actinver, Banorte, Barclays, BBVA, BofA Merrill Lynch, Bradesco, BTG Pactual, Citi Global Markets, GBM Grupo Bursatil, Goldman Sachs, HSBC Securities, Insight Investment Research, Itau BBA Securities, Jefferies, JP Morgan, Punto Research, Santander, Scotiabank, UBS Casa de Bolsa and Vector.
Please note that any opinions, estimates or forecasts with respect to the performance of ASUR issued by these analysts reflect their own views, and therefore do not represent the opinions, estimates or forecasts of ASUR or its management. Although ASUR may refer to or distribute such statements, this does not imply that ASUR agrees with or endorses any information, conclusions or recommendations included therein.
Forward Looking Statements
Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR's filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.Cision
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- ASUR Files its 2025 Form 20-F with the U.S. Securities and Exchange Commission and Publishes its 2025 Sustainability Report
Apr 16, 2026
MEXICO CITY, April 16, 2026 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the U.S. and Colombia, announces that its annual report on Form 20-F for the year ended December 31, 2025, has been filed with the U.S. Securities and Exchange Commission. ASUR has also published its 2025 Sustainability Report, which discusses the company's environmental, social, governance performance.
You can access PDF versions of ASUR´s 2025 Form 20-F and 2025 Sustainability Report at its Investor Relations website www.asur.com.mx.
Investors can receive a printed copy of ASUR's 2025 20-F free of charge by calling The Bank of New York Mellon at 1-212-815-2838.
About ASUR Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports across the Americas. The Company operates nine airports in southeast of Mexico, including Cancún Airport, the largest tourist gateway in Mexico, the Caribbean, and Latin America; as well as six airports in northern Colombia, including Medellin international airport (Rionegro), the second busiest in Colombia.
ASUR also holds a 60% interest in Aerostar Airport Holdings, LLC, operator of Luis Muñoz Marin International Airport in San Juan, the capital of Puerto Rico, the island's primary international gateway. San Juan Airport was the first and remains the only major airport in the U.S. to have successfully completed a public–private partnership under the FAA Pilot Program. ASUR has recently expanded into airport commercial services through ASUR US, which partners with airports and airlines to deliver enhanced retail and passenger experiences. ASUR Airports operates at major U.S. hubs, including Los Angeles International, Chicago O'Hare, and John F. Kennedy International, and has a track record of outperforming U.S. commercial revenue benchmarks.
Headquartered in Mexico, ASUR is listed on both the Mexican Bolsa (BMV) under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) B-series shares. For further information, visit www.asur.com.mxCision
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- ASUR Announces Total Passenger Traffic for March 2026
Apr 7, 2026
Passenger traffic increased year-on-year by 12.5% in Colombia and decreased by 2.4% in Mexico and 2.3% in Puerto Rico
MEXICO CITY, April 7, 2026 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.(NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for March 2026 reached a total of 6.6 million passengers, representing an increase of 0.6% compared to March 2025.
Passenger traffic showed a year-on-year increase of 12.5% in Colombia and decreased 2.4% in Mexico and 2.3% in Puerto Rico. Traffic growth in Colombia was driven by increases of 12.3% in domestic traffic and 13.2% in international traffic. Mexico reported declines of 4.0% in international traffic and 0.1% in domestic traffic, while in Puerto Rico international traffic increased 1.0% and domestic traffic declined 2.7%.
All figures in this statement reflect comparisons between the period from March 1 to March 31, 2026, and from March 1 to March 31, 2025. During 2025, Easter Week took place from April 13 to April 20, while this year it took place from March 29 to April 5. Transit and general aviation passengers are only excluded for Mexico and Colombia.
Passenger Traffic Summary March % Chg Year to date % Chg 2025 2026 2024 2025 Mexico 3,902,720 3,809,310 (2.4) 10,945,137 10,937,975 (0.1) Domestic Traffic 1,593,163 1,590,992 (0.1) 4,580,484 4,545,394 (0.8) International Traffic 2,309,557 2,218,318 (4.0) 6,364,653 6,392,581 0.4 San Juan, Puerto Rico 1,323,498 1,292,943 (2.3) 3,608,582 3,529,798 (2.2) Domestic Traffic 1,189,079 1,157,220 (2.7) 3,227,246 3,141,313 (2.7) International Traffic 134,419 135,723 1.0 381,336 388,485 1.9 Colombia 1,319,997 1,484,950 12.5 4,046,354 4,493,218 11.0 Domestic Traffic 1,020,202 1,145,690 12.3 3,078,656 3,451,434 12.1 International Traffic 299,795 339,260 13.2 967,698 1,041,784 7.7 Total Traffic 6,546,215 6,587,203 0.6 18,600,073 18,960,991 1.9 Domestic Traffic 3,802,444 3,893,902 2.4 10,886,386 11,138,141 2.3 International Traffic 2,743,771 2,693,301 (1.8) 7,713,687 7,822,850 1.4
Mexico Passenger Traffic March % Chg Year to date % Chg 2025 2026 2025 2026 Domestic Traffic 1,593,163 1,590,992 (0.1) 4,580,484 4,545,394 (0.8) CUN Cancun 794,115 747,556 (5.9) 2,287,768 2,121,630 (7.3) CZM Cozumel 16,421 19,199 16.9 52,559 56,761 8.0 HUX Huatulco 53,880 52,484 (2.6) 160,129 153,222 (4.3) MID Merida 280,523 309,513 10.3 807,366 896,902 11.1 MTT Minatitlan 12,778 11,840 (7.3) 36,336 32,572 (10.4) OAX Oaxaca 136,403 130,925 (4.0) 391,012 379,188 (3.0) TAP Tapachula 44,434 42,209 (5.0) 129,462 123,865 (4.3) VER Veracruz 140,281 152,061 8.4 383,896 420,848 9.6 VSA Villahermosa 114,328 125,205 9.5 331,956 360,406 8.6 International Traffic 2,309,557 2,218,318 (4.0) 6,364,653 6,392,581 0.4 CUN Cancun 2,142,355 2,054,234 (4.1) 5,897,448 5,911,466 0.2 CZM Cozumel 56,983 53,059 (6.9) 150,667 146,277 (2.9) HUX Huatulco 27,430 29,635 8.0 80,426 89,596 11.4 MID Merida 39,066 41,830 7.1 111,751 121,989 9.2 MTT Minatitlan 604 639 5.8 1,820 2,030 11.5 OAX Oaxaca 26,427 20,510 (22.4) 74,635 68,330 (8.4) TAP Tapachula 2,472 2,336 (5.5) 5,584 6,323 13.2 VER Veracruz 10,887 11,914 9.4 33,201 36,221 9.1 VSA Villahermosa 3,333 4,161 24.8 9,121 10,349 13.5 Traffic Total Mexico 3,902,720 3,809,310 (2.4) 10,945,137 10,937,975 (0.1) CUN Cancun 2,936,470 2,801,790 (4.6) 8,185,216 8,033,096 (1.9) CZM Cozumel 73,404 72,258 (1.6) 203,226 203,038 (0.1) HUX Huatulco 81,310 82,119 1.0 240,555 242,818 0.9 MID Merida 319,589 351,343 9.9 919,117 1,018,891 10.9 MTT Minatitlan 13,382 12,479 (6.7) 38,156 34,602 (9.3) OAX Oaxaca 162,830 151,435 (7.0) 465,647 447,518 (3.9) TAP Tapachula 46,906 44,545 (5.0) 135,046 130,188 (3.6) VER Veracruz 151,168 163,975 8.5 417,097 457,069 9.6 VSA Villahermosa 117,661 129,366 9.9 341,077 370,755 8.7
US Passenger Traffic, San Juan Airport (LMM) March % Chg Year to date % Chg 2025 2026 2025 2026 SJU Total 1,323,498 1,292,943 (2.3) 3,608,582 3,529,798 (2.2) Domestic Traffic 1,189,079 1,157,220 (2.7) 3,227,246 3,141,313 (2.7) International Traffic 134,419 135,723 1.0 381,336 388,485 1.9
Colombia Passenger Traffic Airplan March % Chg Year to date % Chg 2025 2026 2025 2026 Domestic Traffic 1,020,202 1,145,690 12.3 3,078,656 3,451,434 12.1 MDE Rionegro 770,416 865,229 12.3 2,317,847 2,635,778 13.7 EOH Medellin 91,152 94,536 3.7 273,442 272,660 (0.3) MTR Monteria 109,026 136,774 25.5 350,626 403,189 15.0 APO Carepa 15,167 16,480 8.7 40,163 44,887 11.8 UIB Quibdo 27,064 30,571 13.0 78,443 88,341 12.6 CZU Corozal 7,377 2,100 (71.5) 18,135 6,579 (63.7) International Traffic 299,795 339,260 13.2 967,698 1,041,784 7.7 MDE Rionegro 299,795 339,260 13.2 967,698 1,041,784 7.7 EOH Medellin MTR Monteria - - - - APO Carepa - - - - UIB Quibdo - - - - CZU Corozal - - - - Traffic Total Colombia 1,319,997 1,484,950 12.5 4,046,354 4,493,218 11.0 MDE Rionegro 1,070,211 1,204,489 12.5 3,285,545 3,677,562 11.9 EOH Medellin 91,152 94,536 3.7 273,442 272,660 (0.3) MTR Monteria 109,026 136,774 25.5 350,626 403,189 15.0 APO Carepa 15,167 16,480 8.7 40,163 44,887 11.8 UIB Quibdo 27,064 30,571 13.0 78,443 88,341 12.6 CZU Corozal 7,377 2,100 (71.5) 18,135 6,579 (63.7)
About ASUR Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports across the Americas. The Company operates nine airports in southeast of Mexico, including Cancún Airport, the largest tourist gateway in Mexico, the Caribbean, and Latin America; as well as six airports in northern Colombia, including Medellin international airport (Rionegro), the second busiest in Colombia.
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ASUR also holds a 60% interest in Aerostar Airport Holdings, LLC, operator of Luis Muñoz Marin International Airport in San Juan, the capital of Puerto Rico, the island's primary international gateway. San Juan Airport was the first and remains the only major airport in the U.S. to have successfully completed a public–private partnership under the FAA Pilot Program. ASUR has recently expanded into airport commercial services through ASUR US, which partners with airports and airlines to deliver enhanced retail and passenger experiences. ASUR Airports operates at major U.S. hubs, including Los Angeles International, Chicago O'Hare, and John F. Kennedy International, and has a track record of outperforming U.S. commercial revenue benchmarks.
Headquartered in Mexico, ASUR is listed on both the Mexican Bolsa (BMV) under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) B-series shares. For further information, visit www.asur.com.mxCision
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- Canadian Securities Exchange Welcomes Listing of Allied Strategic Resource Corp.
Mar 31, 2026
Toronto, Ontario--(Newsfile Corp. - March 31, 2026) - The Canadian Securities Exchange ("CSE" or "the Exchange") today welcomed the listing of Allied Strategic Resource Corp. ("Allied Strategic" or the "Company"). The Vancouver-based company was created through a spin-off of Mustang Energy Corp.'s interests in three uranium properties in Saskatchewan's Athabasca Basin. The common shares were listed for trading on the CSE today under the symbol ASR.
Allied Strategic's three properties are Ford Lake, Roughrider South and Cigar Lake East. They are located in under-explored areas of the Athabasca Basin that the Company believes offer strong discovery potential. The flagship asset is Ford Lake, and activity at this project is expected to accelerate as it receives more resources and attention as part of the new standalone company.
"The fundamentals of the uranium market are very strong, with dozens of new nuclear reactors under construction and scheduled to come online in the coming years," said Stuart Schady, the CSE's Vice President, Business Development. "Saskatchewan's Athabasca Basin holds the richest uranium deposits in the world, and we are pleased to welcome another company to the CSE that is focused on exploration in the region."
Nick Luksha, CEO of ASR, noted, "This listing represents the foundation for what we intend to build at Allied Strategic Resource Corp. We are assembling the assets, the strategy, and the team required to pursue meaningful uranium discoveries in the Athabasca Basin. As nuclear energy continues to gain global support as a critical clean-energy solution, we believe this is the right time to launch a focused uranium exploration company and deliver shareholders value through disciplined execution and strategic growth."
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.
The CSE offers global investors access to an innovative collection of growing and mature companies.
STAY CONNECTED WITH THE CSE
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Contact:
James Black
778-847-2071
james.black@thecse.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290719
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- Mustang Energy and Allied Strategic Resource Announce Closing of Plan of Arrangement and CSE Conditional Approval for the Allied Shares
Mar 27, 2026
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Mustang Energy Corp. (CSE: MEC) (OTC: MECPF) (FSE: 92T0) ("Mustang" or the "Company") and Allied Strategic Resource Corp. ("Allied") announces that, further to Mustang's News Releases of October 9, 2025, November 27, 2025 and March 20, 2026, the previously announced plan of arrangement (the "Arrangement") involving the spin-off of Allied from Mustang, closed today. In addition, Allied has received conditional approval from the Canadian Securities Exchange (the "CSE") for the listing of its common shares (the "Allied Shares") on the CSE, subject to satisfying customary requirements of the CSE, including receipt of all required documentation.
The Arrangement
The Arrangement was approved by the shareholders (the "Shareholders") of Mustang's common shares at an annual general and special meeting held on November 14, 2025 and by the Supreme Court of British Columbia in its final order dated November 24, 2025.
The Arrangement included a transfer all Mustang's ownership and rights, title and interest in and to its Ford Lake property (the "Ford Lake Property"), Roughrider South and Cigar East properties (collectively, the "SpinCo Properties") located in the Athabasca Basin, Saskatchewan, Canada to Allied in consideration of 6,400,000 Allied Shares at a deemed price of $0.05 per Allied Share. In addition, the Company completed a capital reorganization which included the renaming and re-designation of Mustang's common shares (the "Mustang Shares") and the creation of a new class of common shares of Mustang (the "New Mustang Shares"). The Shareholders at the close of business on March 26, 2026 received one New Mustang Share and approximately 0.066336253 of an Allied Share in exchange for each existing Mustang Share that was held by such Shareholder.
Following the closing of the Arrangement, Allied is now a separate unlisted "reporting issuer" in each of British Columbia, Alberta, and Ontario. Allied now holds all rights, title and interests in and to the SpinCo Properties.
For additional details regarding the Arrangement, see Mustang's management information circular as filed on Mustang's profile on SEDAR+ on October 24, 2025, and Mustang's news releases dated October 9, 2025, November 27, 2025 and March 20, 2026.
CSE Listing for Allied Shares
Allied has received conditional approval from the CSE for the listing of the Allied Shares on the CSE, subject to customary requirements of the CSE, including receipt of all required documentation. Upon listing on the CSE, it is expected that the Allied Shares will trade under the ticker symbol "ASR". Allied will provide an additional update once it receives final approval from the CSE for the listing of the Allied Shares. The update will include the anticipated commencement date for trading of the Allied Shares on the CSE.
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About Mustang Energy Corp.
Mustang Energy Corp. is a Canadian mineral exploration company focused on the discovery and development of high-impact uranium and critical mineral assets. With a strategic portfolio of properties in Saskatchewan's Athabasca Basin and emerging projects in Newfoundland and Labrador, Mustang is positioned to capitalize on growing global demand for nuclear fuel and essential minerals critical to the energy transition.
About Allied Strategic Resource Corp.
Allied is a mineral exploration and development issuer. Its material property is a uranium project comprised of three (3) mineral claims totaling approximately 7,430.70 hectares located in in north-central Saskatchewan at the southern edge of the Athabasca Basin. It plans to continue to advance the Ford Lake Property and seek other mining assets including the Roughrider South and Cigar East properties located in the Athabasca Basin, Saskatchewan.
On behalf of the board of directors,
"Nicholas Luksha"
Nicholas Luksha
CEO and Director
For further information, please contact:
Mustang Energy Corp.
Attention: Nicholas Luksha, CEO and Director
Phone: (604) 838-0184
Forward-Looking Statements Disclaimer
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the results and benefits of the Arrangement, Allied obtaining final listing approval from the CSE, and the business focus of each of Mustang and Allied following the Arrangement. Important factors that could cause actual results to differ materially from the Company's expectations include unanticipated market, economic and other conditions which may adversely affect the Company's ability to complete the Arrangement on the terms set out in the Arrangement Agreement with Allied, or at all, and other risks detailed from time to time in the filings made by the Company with the securities regulatory authorities. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290281
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