By Brazil Stock Guide – Brazilian education company Ânima Holding SA (B3: ANIM3) reported revenue growth and stronger profitability in 2025, supported by gains across its core, digital learning and medical education segments.
Consolidated net revenue rose 5.8% year over year to R$4.02 billion, while adjusted EBITDA excluding IFRS-16 reached R$1.21 billion, an 11.2% increase compared with 2024.
Net income attributable to controlling shareholders totaled R$123.8 million in 2025, representing 45.3% growth year over year, even as financial expenses increased during the period.
Fourth-quarter revenue growth
In the fourth quarter, the company reported net revenue of R$972.3 million, an 8.6% increase from the same period a year earlier.
Adjusted EBITDA excluding IFRS-16 rose 16.8% year over year to R$261.9 million, with margin expansion to 26.9%, reflecting operational improvements and stronger segment performance.
Segment performance
The Ânima Core segment recorded a 7% increase in student attraction, supported by higher average tuition levels and a focus on improving revenue quality.
The digital education segment posted 10.9% revenue growth in 2025, reflecting changes in course offerings and higher ticket prices.
The Inspirali medical education platform reported 9.8% revenue growth, driven by both a larger student base and higher average tuition.
Cash generation and leverage
Operational cash generation reached R$1.49 billion in 2025, representing a 15.3% increase compared with 2024.
At the same time, the company reduced leverage. Net debt to adjusted EBITDA fell to 2.49x at the end of 2025, down from 2.80x a year earlier, supported by stronger operating cash flow.
Investments and strategic initiatives
Capital expenditures totaled R$217.3 million in 2025, equivalent to 5.4% of net revenue, with investments focused on technology systems, infrastructure and educational platforms.
Brazilian education company Ânima Holding SA (B3: ANIM3) reported revenue growth and stronger profitability in 2025, supported by gains across its core, digital learning and medical education segments.
Consolidated net revenue rose 5.8% year over year to R$4.02 billion, while adjusted EBITDA excluding IFRS-16 reached R$1.21 billion, an 11.2% increase compared with 2024.
Net income attributable to controlling shareholders totaled R$123.8 million in 2025, representing 45.3% growth year over year, even as financial expenses increased during the period.
Fourth-quarter revenue growth
In the fourth quarter, the company reported net revenue of R$972.3 million, an 8.6% increase from the same period a year earlier.
Adjusted EBITDA excluding IFRS-16 rose 16.8% year over year to R$261.9 million, with margin expansion to 26.9%, reflecting operational improvements and stronger segment performance.
Segment performance
The Ânima Core segment recorded a 7% increase in student attraction, supported by higher average tuition levels and a focus on improving revenue quality.
The digital education segment posted 10.9% revenue growth in 2025, reflecting changes in course offerings and higher ticket prices.
The Inspirali medical education platform reported 9.8% revenue growth, driven by both a larger student base and higher average tuition.
Cash generation and leverage
Operational cash generation reached R$1.49 billion in 2025, representing a 15.3% increase compared with 2024.
At the same time, the company reduced leverage. Net debt to adjusted EBITDA fell to 2.49x at the end of 2025, down from 2.80x a year earlier, supported by stronger operating cash flow.
Investments and strategic initiatives
Capital expenditures totaled R$217.3 million in 2025, equivalent to 5.4% of net revenue, with investments focused on technology systems, infrastructure and educational platforms.
The company also expanded strategic initiatives aimed at strengthening its education ecosystem, including corporate education offerings and technology tools designed to enhance student engagement and operational efficiency.
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