Afya Non-GAAP EPS of R$2.08, revenue of R$928.51M; reaffirms FY outlook

* Afya press release [https://seekingalpha.com/pr/20305381-afya-limited-announces-third-quarter-and-nine-months-2025-financial-results] (AFYA [https://seekingalpha.com/symbol/AFYA]): Q3 Non-GAAP EPS of R$2.08.
* Revenue of R$928.51M (+10.4% Y/Y).
* Revenue excluding acquisitions increased 10.1%, reaching R$926.2 million.
* 3Q25 Adjusted EBITDA increased 14.6% YoY, reaching R$398.9 million, with an Adjusted EBITDA Margin of 43.0%. Adjusted EBITDA Margin increased 160 bps YoY. Adjusted EBITDA excluding acquisitions grew 15.2%, reaching R$400.7 million, with an Adjusted EBITDA Margin of 43.3%.
*
2025 Guidance

THE COMPANY IS REAFFIRMING ITS GUIDANCE FOR 2025, as defined in the following table, which considers the successful acceptance of new students for the second semester of 2025:

Guidance for 2025

Revenue

R$ 3,670 mn ≤ ∆ ≤ R$ 3,770 mn

Adjusted EBITDA

R$ 1,620 mn ≤ ∆ ≤ R$ 1,720 mn

CAPEX 1

R$ 250 mn ≤ ∆ ≤ R$ 290 mn

(1) Excludes the license CAPEX related to the acquisition of FUNIC.

Click to enlarge

MORE ON AFYA

* Afya Limited 2025 Q3 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4842920-afya-limited-2025-q3-results-earnings-call-presentation]
* Afya Limited (AFYA) Q3 2025 Earnings Call Transcript [https://seekingalpha.com/article/4842910-afya-limited-afya-q3-2025-earnings-call-transcript]
* Afya Limited (AFYA) Analyst/Investor Day Transcript [https://seekingalpha.com/article/4833177-afya-limited-afya-analyst-investor-day-transcript]
* Seeking Alpha’s Quant Rating on Afya [https://seekingalpha.com/symbol/AFYA/ratings/quant-ratings]
* Historical earnings data for Afya [https://seekingalpha.com/symbol/AFYA/earnings]