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Vinci Compass Investments (VINP) investor relations material
Vinci Compass Investments Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 13% year-over-year AUM growth to R$354 billion in 2025, driven by capital formation, appreciation, and the Verde acquisition, marking the first full year as a pan-regional platform.
Launched new products leveraging synergies from recent M&A, notably the Vinci Verde FE Infra fund and a R$2.8 billion SMA in Real Assets.
Hosted first Investor Day as a pan-regional platform, outlining growth vision and strategy.
Continued robust fundraising, especially in Credit and Global IP&S segments, with strong contributions from Real Assets.
Significant milestones in private equity, including Agibank IPO and CBO reverse IPO.
Financial highlights
Q4 2025 Fee Related Earnings (FRE) of R$80.4 million (R$1.23/share), margin 32.6%–36.2%; full-year FRE of up to R$288.4 million, margin 30.4%–35.5%.
Adjusted Distributable Earnings for Q4 at R$81.3 million (R$1.24/share); full year at R$292.4 million (R$4.58/share), up 22% year-over-year.
Management fees in Q4 reached R$220 million, up 29% year-over-year; FY'25 management fees were R$812.4 million, up 67%.
Declared quarterly dividend of US$0.17 per share, payable April 2nd.
Net revenues from services rendered for FY'25 were R$977.4 million, up 63% year-over-year.
Outlook and guidance
Expecting continued double-digit AUM growth in 2026, with a strong fundraising pipeline, especially in Credit and Global IP&S.
FRE growth anticipated, supported by Verde's full-year contribution and ongoing cost efficiencies.
Advisory revenues projected to be slightly lower in 2026 due to timing of upfront fees and softer corporate advisory activity.
Anticipate higher unrealized investment-related earnings (IRE) as funds exit the J-curve, with realized IRE contributing more in late 2026 or 2027.
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