Afya Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Afya Ltd reported revenue of $3.7B (+11.9% year on year) and net income of $768.4M (+18.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $3.7B | $3.3B | $2.9B | $2.3B |
| Cost of services | ($1.3B) | ($1.2B) | ($1.1B) | ($859.6M) |
| Gross profit | $2.4B | $2.1B | $1.8B | $1.5B |
| Selling, general and administrative expenses | ($1.1B) | ($1.1B) | ($1.0B) | ($798.2M) |
| Allowance for expected credit losses | ($57.1M) | — | — | — |
| Other income | $18.8M | ($7.3M) | $15.6M | ($7.3M) |
| Other expenses | ($18.9M) | — | — | — |
| Operating income | $1.2B | $1.0B | $767.1M | $664.1M |
| Interest Income | $194.9M | $111.3M | $110.6M | $102.0M |
| Finance expenses | ($561.0M) | ($458.7M) | ($457.6M) | ($349.9M) |
| Net finance result | ($366.1M) | ($347.5M) | ($347.0M) | ($247.9M) |
| Income from Equity Method Investments | $13.9M | $11.7M | $9.5M | $12.2M |
| Income before income taxes | $860.9M | $676.4M | $429.6M | $428.4M |
| Current | ($133.3M) | — | — | — |
| Deferred | $40.8M | — | — | — |
| Net income | $768.4M | $648.9M | $405.4M | $392.8M |
| Net Income | $752.5M | $631.5M | $386.3M | $373.6M |
| Non-controlling interests | $16.0M | $17.4M | $19.1M | $19.2M |
| Total comprehensive income | $768.4M | $648.9M | $405.4M | $392.8M |
| Earnings Per Share (Basic) | $8.32 | $7.01 | $4.30 | $4.14 |
| Earnings Per Share (Diluted) | $8.24 | $6.93 | $4.27 | $4.12 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and Cash Equivalents | $1.1B | $911.0M | $553.0M | $1.1B |
| Trade receivables | $717.4M | $595.9M | $546.4M | $452.8M |
| Recoverable taxes | $13.4M | $25.7M | $43.8M | $27.8M |
| Income taxes recoverable | $23.0M | — | — | — |
| Other Current Assets | $62.9M | $57.1M | $58.9M | $51.7M |
| Total current assets | $1.9B | $1.6B | $1.2B | $1.6B |
| Trade receivables | $35.0M | $35.9M | $39.5M | $42.6M |
| Deferred Tax Assets, Non-Current | $12.6M | — | — | — |
| Other assets | $125.5M | $115.9M | $117.3M | $191.8M |
| Investment in associate | $46.5M | $54.4M | $51.8M | $53.9M |
| Property, Plant and Equipment | $711.5M | $658.5M | $608.7M | $542.1M |
| Operating Lease Right-of-Use Asset | $896.8M | $842.2M | $767.6M | $690.1M |
| Intangible Assets | $5.6B | $5.5B | $4.8B | $4.0B |
| Total non-current assets | $7.4B | $7.2B | $6.4B | $5.6B |
| Total assets | $9.4B | $8.8B | $7.6B | $7.2B |
| Accounts Payable | $123.6M | $128.1M | $108.2M | $71.5M |
| Short-Term Debt | $60.7M | $363.6M | $179.3M | $145.2M |
| Operating Lease Liability, Current | $55.8M | $45.6M | $36.9M | $32.5M |
| Accounts payable to selling shareholders | $110.6M | $185.3M | $354.0M | $261.7M |
| Advances from customers | $158.0M | $161.0M | $153.5M | $133.1M |
| Dividends payable | $192.0K | — | — | — |
| Labor and social obligations | $217.5M | $208.1M | $192.3M | $154.5M |
| Taxes payable | $36.0M | $33.5M | $27.8M | $26.2M |
| Income taxes payable | $112.6M | $4.2M | $3.9M | $16.2M |
| Other Current Liabilities | $8.9M | $10.8M | $2.8M | $2.7M |
| Total current liabilities | $884.0M | $1.1B | $1.1B | $905.7M |
| Loans and financing | $2.0B | $1.8B | $1.6B | $1.7B |
| Lease liabilities | $1.0B | $932.8M | $837.7M | $737.1M |
| Accounts payable to selling shareholders | $330.0M | $345.5M | $212.9M | $267.0M |
| Taxes payable | $77.5M | $112.7M | $88.2M | $92.9M |
| Provision for legal proceedings | $128.2M | $113.5M | $104.4M | $195.9M |
| Other liabilities | $43.5M | $42.7M | $18.3M | $13.2M |
| Total non-current liabilities | $3.6B | $3.4B | $2.9B | $3.0B |
| Total liabilities | $4.5B | $4.5B | $3.9B | $3.9B |
| Total Stockholders' Equity | $17.0K | $17.0K | $17.0K | $17.0K |
| Additional Paid-In Capital | $2.3B | $2.3B | $2.4B | $2.4B |
| Treasury shares | -306.0M | -274.0M | -299.1M | -304.9M |
| Share-based compensation reserve | $202.8M | $187.5M | $155.1M | $123.5M |
| Retained Earnings | $2.6B | $2.0B | $1.4B | $1.0B |
| Equity attributable to the owners of the Company | $4.9B | $4.3B | $3.6B | $3.2B |
| Noncontrolling Interest | $39.4M | $40.6M | $41.5M | $51.3M |
| Total equity | $4.9B | $4.3B | $3.6B | $3.3B |
| Total liabilities and equity | $9.4B | $8.8B | $7.6B | $7.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Income before income taxes | $860.9M | $676.4M | $429.6M | $428.4M |
| Depreciation & Amortization (CF) | $373.3M | $333.3M | $289.5M | $206.2M |
| Write-off of property and equipment | $3.1M | $2.5M | $1.9M | $1.7M |
| Write-off of intangible assets | $275.0K | $244.0K | $413.0K | $25.0K |
| Allowance for expected credit losses | $57.1M | $60.9M | $74.6M | $42.7M |
| Stock-Based Compensation (CF) | $15.3M | $32.4M | $31.5M | $31.3M |
| Net foreign exchange differences | $1.8M | $7.0M | $681.0K | $852.0K |
| Accrued interest | $316.4M | $254.4M | $285.4M | $200.1M |
| Operating Lease Expense | $123.1M | $112.0M | $100.8M | $88.6M |
| Share of profit of equity-accounted investee, net of tax | ($13.9M) | — | — | — |
| Provision (reversal) for legal proceedings | $23.3M | $5.1M | ($56.8M) | ($766.0K) |
| Trade receivables | ($177.6M) | ($97.4M) | ($131.3M) | ($129.2M) |
| Recoverable taxes | ($10.7M) | $18.1M | ($15.4M) | ($2.2M) |
| Other assets | ($10.8M) | $11.2M | $77.5M | ($1.0M) |
| Trade payables | ($4.5M) | $18.1M | $24.5M | $10.0M |
| Taxes payable | ($18.1M) | ($14.8M) | $3.3M | ($3.9M) |
| Advances from customers | ($3.0M) | $6.3M | ($17.9M) | $8.4M |
| Labor and social obligations | $9.4M | $8.4M | $31.5M | $21.2M |
| Payments of legal proceedings | ($6.9M) | — | — | — |
| Other liabilities | $9.2M | $30.7M | ($42.5M) | ($12.8M) |
| Net cash flows from operating activities before income taxes | $1.5B | $1.5B | $1.1B | $877.0M |
| Income taxes paid | ($16.0M) | ($20.5M) | ($45.1M) | ($33.1M) |
| Net cash flows from operating activities | $1.5B | $1.4B | $1.0B | $843.9M |
| Acquisition of property and equipment | ($166.0M) | ($136.9M) | ($118.4M) | ($168.1M) |
| Acquisition of intangibles assets | ($198.0M) | ($255.7M) | ($127.0M) | ($128.9M) |
| Dividends received | $15.6M | $7.5M | $9.9M | $6.8M |
| Acquisition of assets and subsidiaries, net of cash acquired | ($144.1M) | ($627.6M) | ($815.0M) | ($301.2M) |
| Payments of interest | ($14.5M) | — | — | — |
| Net cash flows used in investing activities | ($507.1M) | ($1.1B) | ($1.1B) | ($591.5M) |
| Payments of principal of loans and financing | ($1.6B) | ($128.7M) | ($112.6M) | ($118.4M) |
| Payments of interest | ($309.3M) | — | — | — |
| Proceeds from Debt Issuance | $1.5B | $491.6M | $5.3M | — |
| Payments of principal of lease liabilities | ($49.4M) | ($41.2M) | ($31.5M) | ($113.5M) |
| Payments of interest of lease liabilities | ($121.5M) | ($111.6M) | ($103.9M) | — |
| Treasury shares repurchase | -77.0M | — | — | — |
| Proceeds from exercise of stock options | $25.7M | $9.4M | $9.8M | — |
| Dividends paid | ($146.8M) | ($18.3M) | ($18.8M) | ($19.7M) |
| Net cash flows from (used in) financing activities | ($808.3M) | $24.0M | ($439.9M) | $92.9M |
| Net foreign exchange differences | ($1.8M) | ($7.0M) | ($681.0K) | ($852.0K) |
| Net increase (decrease) in cash and cash equivalents | $214.4M | $358.0M | ($540.1M) | $344.5M |
| Cash and cash equivalents at the beginning of the year | $911.0M | $553.0M | $1.1B | — |
| Cash and cash equivalents at the end of the year | $1.1B | $911.0M | $553.0M | — |
Afya Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.