Afya Limited (AFYA)
NASDAQ: AFYA · Real-Time Price · USD
10.32
-0.01 (-0.10%)
At close: Nov 13, 2026, 4:00 PM EST
10.30
-0.02 (-0.19%)
After-hours: Nov 13, 2026, 7:30 PM EST
Afya Limited Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 793.43 | 752.46 | 631.51 | 386.32 | 373.57 | 223.33 |
Depreciation & Amortization | 327.05 | 331.86 | 296.8 | 259.24 | 185.97 | 144.14 |
Other Amortization | 41.48 | 41.48 | 36.54 | 30.27 | 20.25 | 10.08 |
Asset Writedown & Restructuring Costs | 1.58 | 3.34 | 2.78 | 2.32 | 1.72 | 3.98 |
Loss (Gain) on Equity Investments | -15.45 | -13.92 | -11.74 | -9.5 | -12.18 | -11.8 |
Stock-Based Compensation | 24.26 | 15.32 | 32.42 | 31.54 | 31.27 | 43.38 |
Provision & Write-off of Bad Debts | 55.29 | 57.09 | 60.89 | 74.55 | 42.71 | 47.82 |
Other Operating Activities | 436.31 | 556.95 | 407.45 | 345.05 | 310.51 | 218.74 |
Change in Accounts Receivable | -221.41 | -177.6 | -97.45 | -131.34 | -129.17 | -79.67 |
Change in Inventory | - | - | - | - | - | -3.72 |
Change in Accounts Payable | 32.46 | -4.5 | 18.13 | 24.5 | 9.98 | 14.48 |
Change in Unearned Revenue | 6.41 | -3.01 | 6.33 | -17.89 | 8.39 | 36.01 |
Change in Income Taxes | -33.17 | -28.86 | 3.31 | -12.08 | -6.15 | -17.23 |
Change in Other Net Operating Assets | 38.94 | 0.98 | 45.68 | 60.63 | 7.03 | 1.33 |
Operating Cash Flow | 1,487 | 1,532 | 1,433 | 1,044 | 843.9 | 630.87 |
Operating Cash Flow Growth | -4.81% | 6.91% | 37.28% | 23.67% | 33.77% | 69.81% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -122.68 | -166.01 | -136.92 | -118.44 | -168.13 | -125.87 |
Cash Acquisitions | -81.68 | -144.08 | -627.57 | -836.01 | -301.2 | -1,017 |
Sale (Purchase) of Intangibles | -193.88 | -198 | -255.69 | -126.99 | -128.89 | -150.93 |
Other Investing Activities | 42.7 | 1.02 | -71.43 | -61.62 | 6.75 | 19.87 |
Investing Cash Flow | -355.54 | -507.07 | -1,092 | -1,143 | -591.47 | -1,274 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,495 | 491.59 | 5.29 | 496.89 | 809.54 |
Long-Term Debt Repaid | - | -1,674 | -169.92 | -144.1 | -30.3 | -127.84 |
Lease Payments | -54.75 | -49.41 | -41.22 | -31.47 | -28.51 | -20.08 |
Net Debt Issued (Repaid) | 111.66 | -179.44 | 321.68 | -138.82 | 466.58 | 681.7 |
Issuance of Common Stock | 11.67 | 25.73 | 9.38 | 9.79 | - | 33.34 |
Repurchase of Common Stock | -206.2 | -77 | - | -12.37 | -152.32 | -213.72 |
Common Dividends Paid | -323.19 | -146.81 | - | - | - | - |
Other Financing Activities | -431.55 | -430.81 | -307.09 | -298.55 | -221.32 | -136.63 |
Financing Cash Flow | -837.61 | -808.34 | 23.97 | -439.94 | 92.94 | 364.68 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -1.98 | -1.82 | -7.03 | -0.68 | -0.85 | -17.97 |
Net Cash Flow | 292.05 | 214.37 | 357.99 | -540.05 | 344.52 | -296.48 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,364 | 1,366 | 1,296 | 925.19 | 675.77 | 505 |
Free Cash Flow Growth | -2.19% | 5.39% | 40.05% | 36.91% | 33.82% | 79.28% |
Free Cash Flow Margin | 35.14% | 36.94% | 39.21% | 32.17% | 29.02% | 29.37% |
Free Cash Flow Per Share | 15.22 | 14.96 | 14.21 | 10.22 | 7.45 | 5.37 |
Levered Free Cash Flow | 375.23 | 408.43 | 238.22 | 384.86 | 156.34 | 177.36 |
Unlevered Free Cash Flow | 661.86 | 683.08 | 467.19 | 626.3 | 336.75 | 287.14 |
Free Cash Flow After Leases | 1,310 | 1,316 | 1,255 | 893.72 | 647.26 | 484.92 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 445.35 | 445.35 | 367.73 | 351.32 | 201.59 | 117.99 |
Cash Income Tax Paid | 16.05 | 16.05 | 20.52 | 45.14 | 33.09 | 35.68 |
Change in Working Capital | -176.78 | -213 | -24 | -76.17 | -109.92 | -48.8 |