Afya Limited (AFYA)

Afya Limited Income Statement

Financials in millions BRL. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,970	2,876	2,329	1,719	1,201	750.63
Revenue Growth (YoY)	20.12%	23.48%	35.46%	43.14%	60.02%	124.78%
Cost of Revenue	1,132	1,110	859.55	652.3	434.65	308.85
Gross Profit	1,838	1,766	1,470	1,067	766.54	441.78
Selling, General & Admin	1,010	1,002	797.43	622.62	402.86	239.12
Other Operating Expenses	-11.03	-15.65	7.25	3.56	0.35	-2.59
Operating Expenses	999.27	986.71	804.68	626.18	403.2	236.53
Operating Income	839.21	779.39	664.82	440.9	363.34	205.25
Interest Expense	-361.73	-386.3	-288.65	-175.65	-70	-55.47
Interest & Investment Income	104.41	107.12	95.01	58.81	36.36	35.65
Earnings From Equity Investments	9.82	9.5	12.18	11.8	7.7	2.36
Currency Exchange Gain (Loss)	-0.68	-0.68	-0.85	-17.97	-4.61	13.32
Other Non Operating Income (Expenses)	-66.79	-67.12	-53.35	-44.42	2.28	-14.17
EBT Excluding Unusual Items	524.25	441.91	429.16	273.46	335.05	186.94
Merger & Restructuring Charges	-12.33	-12.33	-0.72	-	-	-
Pretax Income	511.91	429.58	428.43	273.46	335.05	186.94
Income Tax Expense	15.97	24.17	35.68	31.18	27.07	14.18
Earnings From Continuing Operations	495.94	405.42	392.76	242.28	307.99	172.76
Minority Interest in Earnings	-18.35	-19.09	-19.19	-18.96	-15.91	-18.85
Net Income	477.59	386.32	373.57	223.33	292.08	153.92
Net Income to Common	477.59	386.32	373.57	223.33	292.08	153.92
Net Income Growth	34.12%	3.41%	67.28%	-23.54%	89.76%	78.24%
Shares Outstanding (Basic)	90	90	90	93	93	76
Shares Outstanding (Diluted)	92	91	91	94	94	76
Shares Change (YoY)	1.91%	-0.14%	-3.65%	0.50%	22.90%	59.47%
EPS (Basic)	5.32	4.30	4.14	2.39	3.15	2.03
EPS (Diluted)	5.31	4.27	4.12	2.37	3.12	2.02
EPS Growth	35.01%	3.64%	73.84%	-24.04%	54.46%	11.60%
Free Cash Flow	1,016	925.19	675.77	505	281.68	242.25
Free Cash Flow Per Share	11.02	10.22	7.45	5.37	3.01	3.18
Gross Margin	61.90%	61.41%	63.09%	62.06%	63.81%	58.85%
Operating Margin	28.25%	27.10%	28.54%	25.64%	30.25%	27.34%
Profit Margin	16.08%	13.43%	16.04%	12.99%	24.32%	20.50%
Free Cash Flow Margin	34.20%	32.17%	29.01%	29.37%	23.45%	32.27%
EBITDA	1,036	970.74	796.11	541.8	433.11	257.75
EBITDA Margin	34.89%	33.75%	34.18%	31.51%	36.06%	34.34%
D&A For EBITDA	197.04	191.35	131.28	100.91	69.78	52.5
EBIT	839.21	779.39	664.82	440.9	363.34	205.25
EBIT Margin	28.25%	27.10%	28.54%	25.64%	30.25%	27.34%
Effective Tax Rate	3.12%	5.63%	8.33%	11.40%	8.08%	7.58%

Source: S&P Capital IQ. Standard template.