Q2 2026 Anima Holding SA Earnings Call Transcript
Key Points
- Anima Holding SA (BSP:ANIM3) reported a 6% growth in revenue to BRL2.2 billion in the first half of 2026, driven by a 9.5% increase in net ticket in the core segment.
- EBITDA grew 7.6% to BRL691 million in the second quarter, with a significant 12% expansion in the quarter, recovering margins as previously guided.
- Net income surged 29% in the first half and over 200% quarter-over-quarter, reaching BRL135 million, showcasing strong profitability.
- The company reduced its leverage to 2.41 times from 2.66 times year-over-year, demonstrating a consistent deleveraging trajectory.
- Inspirali, the medical education unit, delivered strong results with a 4% increase in average ticket and growth in the student base, contributing significantly to overall performance.
- Anima Holding SA (BSP:ANIM3) experienced an increased dropout rate in the core segment, which impacted the student base and operating results in the first half.
- Digital education segment saw a decrease in revenue, partially offset by improved dropout rates and efficiency gains.
- Cash generation in the second quarter was weaker due to one-off effects, including liability management operations and interest payments, though the first half remained consistent.
- The company continues to face a strong burden from financial expenses, despite improvements in net profit.
- The acquisition of FMU is expected to increase leverage, although management is confident in organic deleveraging and synergy capture.
Good morning. Good morning everyone. Let's just wait a couple of minutes until everyone joins us. I can still see some of the participants join in. Let's just hold. Well, good morning everyone. Welcome. To our earnings release call of the second quarter '26.
Hi, I'm Karina Carrera with [NIMI] Investor Relations Officer. And we have Paula Haga, our CEO at La Cuion, our CFO, and Thiago Moranes with Inspirali. This presentation is being recorded and will be provided today through our website.
Where you can also find the other materials of our awareness release of the quarter. At the end of the presentation, we are going to have a Q&A session. To ask a question, please raise your hand, Paula, please.
Thank you, Karina. Good morning, everyone.
We are all very glad to share with you the results of the second quarter of the year and the first half of 2026.
These results show the consistency of our journal
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