Ânima (ANIM3) Q1 2025 earnings summary

Executive summary

• Net revenue grew 5.0% year-over-year to R$1,040.1 million, with all business segments and verticals showing positive growth and strong intake, especially in Core, Digital Learning, and Inspirali.

• Adjusted EBITDA ex-IFRS16 increased 10.3% to R$360.5 million, with margin expansion of 1.7 p.p. to 34.7%.

• Adjusted net profit reached R$115.3 million, up 10.2% year-over-year.

• Focused on operational efficiency, margin expansion, and improved cash generation, with continued commitment to student experience and academic quality.

• Celebrated 22nd anniversary, marking a new cycle of sustainable growth driven by strategic repositioning and team effort.

Financial highlights

• Net revenue grew 5.0% year-over-year to R$1,040.1M, with medical schools up 9.8% and digital learning up 7.2%.

• Adjusted EBITDA ex-IFRS16 reached R$360.5M, up 10.3%, with margin rising 1.7 p.p. to 34.7%.

• Adjusted net profit was R$115.3M, a 10.2% increase year-over-year.

• CAPEX totaled R$51.0M (4.9% of net revenue), up 47.8% from 1Q24.

• Operating cash flow rose 4.5% to R$426.1M.

Outlook and guidance

• Management highlights the start of a new sustainable growth cycle, with continued focus on efficiency, academic quality, and disciplined execution.

• Ongoing investments in digital transformation, physical infrastructure, and curriculum redesign to enhance student experience.

• CapEx expected to remain at a healthy level, around 5% of revenue for 2025.