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Vitru Brasil Empreendimentos Participações e Comércio (VTRU3) investor relations material
Vitru Brasil Empreendimentos Participações e Comércio Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Student base grew 7.4% year-over-year to 898,100, reflecting strong demand and retention, with 2,630 hubs across Brazil.
Consolidated net revenue for the first nine months reached BRL 1.7 billion, up 5.5% year-over-year.
Adjusted EBITDA rose 7.2% to BRL 671.3 million, with margin expanding to 39.5%.
Adjusted net income surged 79.8% to BRL 366.3 million, with net margin up 8.9 p.p.
Free cash flow increased 32.9% to BRL 452 million, with leverage down to 2.1x.
Financial highlights
Q3 consolidated net revenue was BRL 549.1 million, up 3.5% year-over-year.
Adjusted EBITDA for Q3 was BRL 214.2 million, up 5.8% year-over-year; margin at 39%.
Adjusted net income for Q3 reached BRL 121.1 million, up 89% year-over-year; net margin at 22.1%.
Free cash flow in Q3 was BRL 203.2 million, up 63.3% year-over-year.
Net financial result improved, with a 20.2% reduction in negative result to BRL 81 million.
Outlook and guidance
Management expects continued solid cash generation, further leverage reduction, and benefits from infrastructure investments.
Anticipates moderate growth in Q4 due to seasonality, but full-year results may exceed original plans.
Regulatory changes will be phased in over 2-4 years, with gradual impact on operations and revenue.
Integration synergies with Unicesumar are on track, with 94% of projected net revenue and 76% of EBITDA synergies achieved.
Detail hub network adjustments for new framework?
Timeline for shareholder return actions?
How will '26 average ticket strategy balance growth?
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Next Vitru Brasil Empreendimentos Participações e Comércio earnings date
Q4 202520 Mar, 2026
Next Vitru Brasil Empreendimentos Participações e Comércio earnings date
Q4 202520 Mar, 2026
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Frequently asked questions
Vitru Brasil Empreendimentos Participações e Comércio SA is a Brazilian education services company offering digital and hybrid higher education. It provides undergraduate, graduate, and technical programs through its network of online platforms and regional centers. The company focuses on expanding access to education across Brazil through technology-enabled learning. It is headquartered in Florianópolis, Brazil, and its shares are listed on the B3.
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