Ânima (ANIM3) Q1 2025 earnings summary

Executive summary

• Net revenue grew 5.0% year-over-year to R$1,040.1 million in 1Q25, with all business segments showing positive results and margin expansion.

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

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

• Operating cash flow grew 4.5% to R$426.1 million, supporting deleveraging and liquidity.

• Leverage ratio improved to 2.63x from 2.98x a year ago.

Financial highlights

• Adjusted gross profit was R$752.4 million, with a margin of 72.3%.

• Adjusted operating result rose 7.7% to R$499.8 million, with margin up 1.3 p.p. to 48.1%.

• Adjusted EBITDA margin ex-IFRS16 reached 34.7%, up 1.7 p.p. year-over-year.

• Net income attributable to controlling shareholders was R$95.7 million, up 48.3% year-over-year.

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

Outlook and guidance

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

• Ongoing improvements in dropout rates and average ticket prices are expected to support future growth.

• Investments in digital transformation and infrastructure remain a priority.