Anima Holding Sa · BMFBOVESPA:ANIM3

Anima Holding Sa — Ânima Educação — 4Q25 and FY2025 Earnings Presentation

16 slides from Anima Holding Sa's earnings presentation, Mar 13, 2026

  1. Slide 1: Earnings Presentation 4Q25 and 2025

    Earnings Presentation 4Q25 and 2025 March 13th, 2026

  2. Slide 2: Disclaimer

    The general and summarized information related to the activities carried out by Ânima Educação to date does not constitute in any way any invitation, offer or request to purchase shares. This presentation may contain statements that express the mere expectations of the Company's management, as well

  3. Slide 3: Slide 3

  4. Slide 4: 4Q25 and 2025: Consistency in delivering our sustainable growth strategy

    4Q25 and 2025: Consistency in delivering our sustainable growth strategy with profitability and cash generation CASH GENERATION GROWTH PROFITABILITY AND DELEVERAGING Consol. net revenue Adj. EBITDA ex-IFRS 16 Operating cash flow +5.8% to R$ 4.0 BI in 2025 +11.2% to R$ 1.2 BI in 2025 +15.3% to R$ 1.5

  5. Slide 5: Core continues growing, delivering increased average ticket and expansion in revenue and operating results

    ONDE Core continues growing, delivering increased average ticket and expansion in ESTAMOS revenue and operating results Academic Education Intake (‘000) Academic Education Ticket (R$) +7.0% 96 90 +6.8% +5.4% 5.1% 837 828 872 784 32 33 2H24 2H25 2024 2025 4Q24 4Q25 2024 2025 Net Revenue - Core (R$ mi

  6. Slide 6: Distance Learning continued its repositioning strategy, focusing on increasing the average ticket

    ONDE Distance Learning continued its repositioning strategy, focusing on increasing ESTAMOS the average ticket to reflect the quality of its offerings Academic Education Ticket (R$) Academic Education Dropout (%) +4.9% +7.7% 230 242 242 224 -6.3 p.p. 58.7% 52.4% -1.1p.p. 3.6% 2.4% 4Q24 4Q25 2024 202

  7. Slide 7: Inspirali experienced growth in its academic enrollment, boosting revenue and operating results

    ONDE Inspirali experienced growth in its academic enrollment, boosting revenue and ESTAMOS operating results Academic Education Ticket (R$) Student Base (‘000) +5.0% Academic +7.8% Education +12.7% +24.0% 9,818 9,360 9,825 CME 9,109 21.2 20.2 18.8 16.3 12.2 12.2 11.6 11.9 7.2 9.0 8.0 4.4 4Q24 4Q25 2

  8. Slide 8: We delivered in 2025 growth in net revenue, EBITDA, and profit, with margins expansion

    ONDE As a result, we delivered in 2025 growth in net revenue, EBITDA, and profit, with ESTAMOS margins expansion Net revenue Adj. EBITDA ex-IFRS 16 Net Income attributable to controllers (R$ million) (R$ million) (R$ million) +5.8% +11.2% 4,024 1,207 3,801 1,085 +45.3% 124 85 +8.6% +16.8% 30.0% 28.5

  9. Slide 9: Net financial results continued to be impacted by the increase in the Selic rate

    ONDE Net financial results continued to be impacted by the increase in the Selic rate ESTAMOS Adj. financial results¹ (R$ million) Spreads Evolution 16.5% 16.3% 16.3% 16.2% 16.7% 16.7% 16.7% 4Q24 4Q25 2024 2025 16.0% 16.0% 15.1% 15.0% 15.0% 15.0% 14.4% 13.8% 13.8% 13.8% 13.8% 14.2% 14.0% 14.3% 13.3%

  10. Slide 10: 2025 saw increased investments in student experience and operational efficiency

    ONDE 2025 saw increased investments in student experience and operational ESTAMOS efficiency, but still within historical levels CAPEX (R$ million) 217 176 133 96 53 42 38 31 4.6% 5.4% Systems and technology Works and improvements Others Total CAPEX Largest destination for 2nd largest destination fo

  11. Slide 11: Robust and consistent cash generation, reducing net debt

    ONDE Even with the increase in the Selic rate, we maintained robust and consistent ESTAMOS cash generation compared to the previous year, reducing net debt Evolution of adj. Net Debt¹ LTM (R$ millions) -1.4% 3,041 3,000 2 16 15 17 198 28 30 47 Adj. net debt Free cash Dividends³ Acquisition of Increa

  12. Slide 12: Solid liquidity to meet our financial commitments

    ONDE Solid liquidity to meet our financial commitments ESTAMOS Debt ex-IFRS 16 amortization schedule (R$ million) 1,705 790 791 732 597 293 221 137 115 154 157 141 119 78 88 89 15 Cash 2026 2027 2028 2029 position Dec 31, 2025 1Q 2Q 3Q 4Q 12

  13. Slide 13: We are following a path of organic deleveraging

    ONDE We are following a path of organic deleveraging so that we can grow even more ESTAMOS sustainably and invest in the quality of our offering Adj. net debt / Adj. EBITDA ex-IFRS 16 LTM 4.10x 3.90x 3.91x 3.41x 3.25x 2.98x -0.31x 2.76x 2.80x 2.71x 2.66x 2.63x 2.49x 2.40x 4Q22 1Q23 2Q23 3Q23 4Q23 1Q

  14. Slide 14: Consistency in executing Ânima's 3rd wave strategy

    2025: We remain committed to expanding our student base and improving the quality of our revenue Consistency in executing We prioritize student experience and academic quality Ânima's 3rd wave strategy We remain focused on operational efficiency and strengthening cash generation We remain optimistic

  15. Slide 15: Thank you!

    Thank you! ri@animaeducação.com.br https://ri.animaeducacao.com.br/

  16. Slide 16: EDUCACAO

    EDUCACAO

Ânima Educação — 4Q25 and FY2025 Earnings Presentation on 6ix