Vinci Compass Investments Ltd. (VINP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Vinci Compass 3rd Quarter 2025 Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session and instructions will follow at that time. As a reminder, this call will be recorded. I would now like to turn the conference over to Ana Castro, Investor Relations Manager. Please, go ahead, Ana. Thank you and good evening, everyone. Joining us today are Alessandro Orta, Chief Executive Officer, Bruno Zaremba, President of Finance and Operations, and Sergio Passos, Chief Financial Officer. Earlier today, we issued a press release, slide presentation, and our financial statements for the quarter, which are available on our website at ir.vinciocompass.com. I'd like to remind you that today's call may include forelooking statements, which are uncertain outside of the firm's control. It may differ from actual results materially. We do not undertake any duty to update these statements. For discussion of some of the risks that could affect results, please see the risk factor section over 20F. We will also refer to certain non-GAAP measures and you'll find reconciliations in the release. Also note that nothing on this call constitutes an offer to sell or solicitation of an offer to purchase an interest in any venture compass fund. On results for the third quarter, Vinci Compass generated fee-related earnings of R$ 77.1 million, or R$ 1.22 per share, FRE margin of 32.3%, and adjusted distributable earnings of R$ 73.1 million, or R$ 1.16 per share. We declare a quarterly dividend of R$ 0.15 on the dollar per common share, payable on December 9th to shareholders of record as of November 24th. With that, I'll turn the call over to Alessandro. Thank you, Ana. Good evening and thank yo...