Vinci Compass Investments Ltd. (VINP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Vinci Compass fourth quarter and full year 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 Horta, Chief Executive Officer, Bruno Zaremba, President of Finance and Operations, and Sérgio Passos, Chief Financial Officer. Earlier today, we issued a press release, slide presentation, and our financial statements for the quarter and for the full year 2025, which are available on our website at ir.intocompass.com. I'd like to remind you that today's call may include forelooking statements, which are uncertain and outside of the form's control, and 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 of R20F. 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 Vinci Compass fund. On results for the fourth quarter 2025, Vinci Compass generated fee-related earnings of R$ 80.4 million, or R$ 1.23 per share. FRA margin of 32.6% and adjusted distributable earnings of R$ 81.3 million, or R$ 1.24 per share. For full-year numbers, Venture Compass posted fee-related earnings of R$ 288.4 million, or R$ 4.52 per share. FRA margin of 30.4% and adjusted distributable earnings of R$ 292.4 million, ...