Ânima (ANIM3) Q1 2025 earnings summary

Executive summary

• Celebrated 22nd anniversary, marking a return to growth and sustainable expansion driven by strategic repositioning and collective team effort.

• Achieved sustainable revenue growth across all business segments in 1Q25, with Core, Digital Learning, and Inspirali showing strong year-over-year performance.

• Focused on operational efficiency, resulting in margin expansion, improved cash generation, and enhanced student experience and academic quality.

• Net revenue rose 5.0% year-over-year to R$1,040.1 million, with growth across all business verticals.

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

Financial highlights

• Net revenue grew 5.0% year-over-year to R$1,040.1M, with medical schools up nearly 10% and digital learning up 7%.

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

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

• Dropout rate improved by 1.5 p.p., the best since the Laureate merger.

• CAPEX investments totaled R$51.0M, 4.9% of net revenue.

Outlook and guidance

• Expectation of continued revenue and margin growth, supported by disciplined cost management and ongoing investments in academic quality and digital transformation.

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

• Ongoing focus on sustainable growth, leveraging technology and data to enhance efficiency and student experience.

• Management highlights the resumption of growth in the Core segment and ongoing improvements in dropout rates and average ticket prices.