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Afya Ltd

AFYA Clue Score71
Cayman Islands Fiscal year ends December CIK 0001771007
$14.75 +4.24% Close, 9 Oct 2026
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Price $14.75 −21.75% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Jul 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue216.0Operating income49.3Net income45.4EPS, diluted1.41Fiscal year 2018Revenue333.9 +54.6%Operating income96.4Net income86.4 +90.2%EPS, diluted1.81Fiscal year 2019Revenue750.6 +124.8%Operating income205.3Net income153.9 +78.2%EPS, diluted2.02Fiscal year 2020Revenue1,201.2 +60.0%Operating income363.3Net income292.1 +89.8%EPS, diluted3.12Fiscal year 2021Revenue1,719.4 +43.1%Operating income440.9Net income223.3 −23.5%EPS, diluted2.37Fiscal year 2022Revenue2,329.1 +35.5%Operating income664.1Net income373.6 +67.3%EPS, diluted4.12Fiscal year 2023Revenue2,875.9 +23.5%Operating income767.1Net income386.3 +3.4%EPS, diluted4.27Fiscal year 2024Revenue3,304.3 +14.9%Operating income1,012.1Net income631.5 +63.5%EPS, diluted6.93Fiscal year 2025Revenue3,697.3 +11.9%Operating income1,213.1Net income752.5 +19.2%EPS, diluted8.24
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 216.0 333.9 750.6 1,201.2 1,719.4 2,329.1 2,875.9 3,304.3 3,697.3
Growth +54.6% +124.8% +60.0% +43.1% +35.5% +23.5% +14.9% +11.9%
Operating income 49.3 96.4 205.3 363.3 440.9 664.1 767.1 1,012.1 1,213.1
Net income 45.4 86.4 153.9 292.1 223.3 373.6 386.3 631.5 752.5
Growth +90.2% +78.2% +89.8% −23.5% +67.3% +3.4% +63.5% +19.2%
EPS, diluted 1.41 1.81 2.02 3.12 2.37 4.12 4.27 6.93 8.24

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin42.6%Operating margin22.8%Net margin21.0%Free cash flow margin10.7%Fiscal year 2018Gross margin49.7%Operating margin28.9%Net margin25.9%Free cash flow margin18.5%Fiscal year 2019Gross margin58.9%Operating margin27.3%Net margin20.5%Free cash flow margin32.3%Fiscal year 2020Gross margin63.8%Operating margin30.2%Net margin24.3%Free cash flow margin23.4%Fiscal year 2021Gross margin62.1%Operating margin25.6%Net margin13.0%Free cash flow margin29.4%Fiscal year 2022Gross margin63.1%Operating margin28.5%Net margin16.0%Free cash flow margin29.0%Fiscal year 2023Gross margin61.4%Operating margin26.7%Net margin13.4%Free cash flow margin32.2%Fiscal year 2024Gross margin63.2%Operating margin30.6%Net margin19.1%Free cash flow margin39.2%Fiscal year 2025Gross margin64.5%Operating margin32.8%Net margin20.4%Free cash flow margin36.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 42.6% 49.7% 58.9% 63.8% 62.1% 63.1% 61.4% 63.2% 64.5%
Operating margin 22.8% 28.9% 27.3% 30.2% 25.6% 28.5% 26.7% 30.6% 32.8%
Net margin 21.0% 25.9% 20.5% 24.3% 13.0% 16.0% 13.4% 19.1% 20.4%
Free cash flow margin 10.7% 18.5% 32.3% 23.4% 29.4% 29.0% 32.2% 39.2% 36.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow39.9Capital expenditure−16.8Free cash flow23.1Dividends paid−2.5Fiscal year 2018Operating cash flow80.3Capital expenditure−18.6Free cash flow61.7 +166.6%Dividends paid−5.8Fiscal year 2019Operating cash flow299.2Capital expenditure−57.0Free cash flow242.3 +292.7%Dividends paid−51.8Fiscal year 2020Operating cash flow371.5Capital expenditure−89.8Free cash flow281.7 +16.3%Dividends paid−13.0Fiscal year 2021Operating cash flow630.9Capital expenditure−125.9Free cash flow505.0 +79.3%Dividends paid−18.6Fiscal year 2022Operating cash flow843.9Capital expenditure−168.1Free cash flow675.8 +33.8%Dividends paid−19.7Fiscal year 2023Operating cash flow1,043.6Capital expenditure−118.4Free cash flow925.2 +36.9%Dividends paid−18.8Fiscal year 2024Operating cash flow1,432.7Capital expenditure−136.9Free cash flow1,295.7 +40.1%Dividends paid−18.3Fiscal year 2025Operating cash flow1,531.6Capital expenditure−166.0Free cash flow1,365.6 +5.4%Dividends paid−146.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 39.9 80.3 299.2 371.5 630.9 843.9 1,043.6 1,432.7 1,531.6
Capital expenditure −16.8 −18.6 −57.0 −89.8 −125.9 −168.1 −118.4 −136.9 −166.0
Free cash flow 23.1 61.7 242.3 281.7 505.0 675.8 925.2 1,295.7 1,365.6
Growth +166.6% +292.7% +16.3% +79.3% +33.8% +36.9% +40.1% +5.4%
Dividends paid −2.5 −5.8 −51.8 −13.0 −18.6 −19.7 −18.8 −18.3 −146.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash25.5Shareholders’ equity46.8Fiscal year 2018Cash62.3Total debt51.0Net cash (debt)11.2Shareholders’ equity502.0Debt to equity0.10Fiscal year 2019Cash943.2Total debt6.8Net cash (debt)936.5Shareholders’ equity2,065.1Debt to equity0.00Fiscal year 2020Cash1,045.0Total debt510.3Net cash (debt)534.7Shareholders’ equity2,782.2Debt to equity0.18Fiscal year 2021Cash748.6Total debt1,246.2Net cash (debt)−497.6Shareholders’ equity2,948.1Debt to equity0.42Fiscal year 2022Cash1,093.1Total debt1,737.7Net cash (debt)−644.6Shareholders’ equity3,198.8Debt to equity0.54Fiscal year 2023Cash553.0Total debt1,621.5Net cash (debt)−1,068.5Shareholders’ equity3,601.5Debt to equity0.45Fiscal year 2024Cash911.0Total debt1,831.6Net cash (debt)−920.6Shareholders’ equity4,270.0Debt to equity0.43Fiscal year 2025Cash1,125.4Total debt1,993.6Net cash (debt)−868.2Shareholders’ equity4,851.8Debt to equity0.41
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 25.5 62.3 943.2 1,045.0 748.6 1,093.1 553.0 911.0 1,125.4
Total debt n/a 51.0 6.8 510.3 1,246.2 1,737.7 1,621.5 1,831.6 1,993.6
Net cash (debt) n/a 11.2 936.5 534.7 −497.6 −644.6 −1,068.5 −920.6 −868.2
Shareholders’ equity 46.8 502.0 2,065.1 2,782.2 2,948.1 3,198.8 3,601.5 4,270.0 4,851.8
Debt to equity n/a 0.10 0.00 0.18 0.42 0.54 0.45 0.43 0.41

In millions of BRL, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
42.6% 49.7% 58.9% 63.8% 62.1% 63.1% 61.4% 63.2% 64.5%
22.8% 28.9% 27.3% 30.2% 25.6% 28.5% 26.7% 30.6% 32.8%
23.6% 29.6% 24.9% 27.9% 15.9% 18.4% 14.9% 20.5% 23.3%
21.0% 25.9% 20.5% 24.3% 13.0% 16.0% 13.4% 19.1% 20.4%
10.7% 18.5% 32.3% 23.4% 29.4% 29.0% 32.2% 39.2% 36.9%
Spending
21.0% 21.0% 31.9% 33.5% 36.2% 34.3% 32.7% 30.5% 30.1%
7.8% 5.6% 7.6% 7.5% 7.3% 7.2% 4.1% 4.1% 4.5%
4.9% 4.0% 7.6% 8.1% 11.4% 8.3% 5.6% 4.1% n/a
Returns
97.1% 17.2% 7.5% 10.5% 7.6% 11.7% 10.7% 14.8% 15.5%
n/a 9.4% 5.3% 6.1% 3.5% 5.2% 5.1% 7.2% 8.0%
Balance and payout
n/a 0.10 0.00 0.18 0.42 0.54 0.45 0.43 0.41
n/a 35.7% 27.4% 40.9% 53.5% 54.9% 52.0% 51.2% 47.7%
5.5% 6.8% 33.7% 4.4% 8.4% 5.3% 4.9% 2.9% 19.5%
10.8% 9.5% 21.4% 4.6% 3.7% 2.9% 2.0% 1.4% 10.8%

Shown in BRL as filed; the screener converts to dollars.