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Kathmandu Capital's Q2 2025 investor letter highlights Grupo Aeroportuario del Centro Norte (OMAB) as a leading airport operator in Mexico. OMAB operates 13 airports under a 50-year concession granted by the Ministry of Communications and Transportation. The company must pay a concession tax, maintain infrastructure, and fulfill investment obligations under its Master Development Program. Despite a 30% swing in the past quarter due to market volatility, OMAB's shares gained 63.48% over the last 52 weeks.

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