Afya Limited Announces First-Quarter 2025 Financial Results

About this update from Afya Limited

[{"type":"text","content":"\nImpressive Adjusted EBITDA Margin Expansion and Cash Generation\n\nFull Year 2025 Guidance Reaffirmed\n\n NOVA LIMA, Brazil--(BUSINESS WIRE)--\nAfya Limited (Nasdaq: AFYA; B3: A2FY34) (“Afya” or the “Company”), the leading medical education group and medical practice solutions provider in Brazil, reported today its financial and operating results for the three-month period ended March 31, 2025 (first quarter 2025). Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS).\n\nFirst Quarter 2025 Highlights\n\n\n1Q25 Net Revenue increased 16.4% YoY to R$936.4 million. Net Revenue excluding acquisitions increased 10.9%, reaching R$891.5 million.\n\n\n1Q25 Adjusted EBITDA increased 23.7% YoY reaching R$492.0 million, with an Adjusted EBITDA Margin of 52.5%. Adjusted EBITDA Margin increased 300 bps YoY. Adjusted EBITDA excluding acquisitions grew 15.8%, reaching R$460.6 million, with an Adjusted EBITDA Margin of 51.7%.\n\n\n1Q25 Net Income increased 23.4% YoY, reaching R$257.0 million, and Adjusted Net Income increased 17.1% YoY, reaching R$293.9 million. Basic EPS growth was 23.3% in the same period.\n\n\nOperating Cash Conversion ratio of 96.8%, with a solid cash position of R$1,154.9 million.\n\n\nOver 317 thousand users in Afya’s ecosystem.\n\n\n\nTable 1: Financial Highlights\n\n\n\n\n\n\n\n\nFor the three months period ended March 31,\n\n\n(in thousand of R$)\n\n2025\n\n\n\n2025 Ex\nAcquisitions*\n\n\n\n2024\n\n\n\n% Chg\n\n\n\n% Chg Ex\nAcquisitions\n\n\n\n\n(a) Net Revenue\n\n936,360\n\n\n\n891,527\n\n\n\n804,239\n\n\n\n16.4%\n\n\n\n10.9%\n\n\n\n\n(b) Adjusted EBITDA 2\n\n491,971\n\n\n\n460,603\n\n\n\n397,853\n\n\n\n23.7%\n\n\n\n15.8%\n\n\n\n\n(c) = (b)/(a) Adjusted EBITDA Margin\n\n52.5%\n\n\n\n51.7%\n\n\n\n49.5%\n\n\n300 bps\n220 bps\n\n\nNet income\n\n257,036\n\n\n\n-\n\n\n\n208,299\n\n\n\n23.4%\n\n\n\n-\n\n\n\n\nAdjusted Net income\n\n293,897\n\n\n\n-\n\n\n\n250,966\n\n\n\n17.1%\n\n\n\n-\n\n\n\n\n*For the three months period ended March 31, 2025, \"2025 Ex Acquisitions\" excludes: UNIDOM (January to March, 2025; Closing of UNIDOM was in July 2024).\n\n\n(2) See more information on \"Non-GAAP Financial Measures\" (Item 08).\n\n\n\nMessage from Management\n\nIt is with much satisfaction that Afya starts another year of great operational and f...

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