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NASDAQ · Real estate

Afya Ltd (AFYA)

Afya Ltd reported revenue of R$3.7B in fiscal 2025, up 11.9% from a year earlier. Net income was R$752.5M, a net margin of 20.4%. Operating cash flow minus capital spending left R$1.4B of free cash flow in fiscal 2025. At December 31, 2025 it held R$1.1B in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 31, 2026.

Free, no password. An email when AFYA files with the SEC.

Price
$10.67
+1.62% on the day · November 9, 2026
52-week range $9.66 to $16.16
Market cap
$1B
Revenue (FY2025)
R$3.7B
+11.9% year on year
Net margin
20.4%

Key facts about Afya Ltd

Net worth
Afya Ltd has a market value (market cap) of $1B at the latest share price, and shareholders' equity of R$4.9B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was R$3.7B (+11.9% year on year), with net income of R$752.5M.
Cash flow
In fiscal 2025 operations brought in R$1.5B of cash; after R$166M of capital spending, free cash flow was R$1.4B.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 31, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Afya Ltd does

Afya Ltd is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NASDAQ under the ticker AFYA.

Revenue and profit by year

Revenue
FY19: R$333.9M R$333.9M FY19FY19: R$750.6M R$750.6M FY19FY20: R$1.2B R$1.2B FY20FY21: R$1.7B R$1.7B FY21FY22: R$2.3B R$2.3B FY22FY23: R$2.9B R$2.9B FY23FY24: R$3.3B R$3.3B FY24FY25: R$3.7B R$3.7B FY25
Net income
FY19: R$86.4M R$86.4M FY19FY19: R$153.9M R$153.9M FY19FY20: R$292.1M R$292.1M FY20FY21: R$223.3M R$223.3M FY21FY22: R$373.6M R$373.6M FY22FY23: R$386.3M R$386.3M FY23FY24: R$631.5M R$631.5M FY24FY25: R$752.5M R$752.5M FY25

Fiscal years as reported in annual reports. Amounts in BRL.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025R$3.7BR$1.2BR$752.5MR$8.24R$1.4B
2024R$3.3BR$1BR$631.5MR$6.93R$1.3B
2023R$2.9BR$767.1MR$386.3MR$4.27R$925.2M
2022R$2.3BR$664.1MR$373.6MR$4.12R$675.8M
2021R$1.7BR$440.9MR$223.3MR$2.37R$505M
2020R$1.2BR$363.3MR$292.1MR$3.12R$281.7M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where AFYA ranks in Real estate

Revenue growth+11.9%
#46 of 207 in Real estate · Top 22%
Net margin20.4%
#65 of 210 in Real estate · Top 31%
Free cash flow margin36.9%
#19 of 117 in Real estate · Top 16%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Dividends

It paid out R$146.8M in cash dividends, 20% of its net income.

Fiscal yearPer sharePaid outOf profit
2025n/aR$146.8M20%
2024n/aR$18.3M3%
2023n/aR$18.8M5%
2022n/aR$19.7M5%
2021n/aR$18.6M8%
2020n/aR$13M4%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Afya Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 1, 2026
  2. October 1, 2026
  3. September 24, 2026
  4. September 18, 2026
  5. August 24, 2026
  6. August 13, 2026
  7. August 13, 2026
  8. August 13, 2026
  9. July 30, 2026
  10. June 22, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 6, 2026. Insider transactions on SEC

Insider trades

What the people running Afya Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $55.3K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$55.3K
last 90 days
Net sold
4,161
$55.3K
DateInsiderWhatSharesPriceValueFiling
October 5, 2026 Ferreira Santos WelderController Sold 4,161 $13.30 $55.3K Form 4
July 1, 2026 Junior Lelio de SouzaVice President Sold 36,204 $15.00 $543.1K Form 4
June 26, 2026 Junior Lelio de SouzaVice President Sold 41,541 $15.00 $623.1K Form 4
June 26, 2026 Basolli Gomiero MirellaVice President Sold 10,000 $14.80 $148K Form 4
May 7, 2026 Grifo De Sousa Anibal JoseV.P. Legal, Comp. & Gov. Rel. Exercised options 17,500 - - Form 4
May 7, 2026 Grifo De Sousa Anibal JoseV.P. Legal, Comp. & Gov. Rel. Shares withheld for tax 4,813 $14.41 $69.4K Form 4
May 7, 2026 Ferreira Santos WelderController Exercised options 5,739 - - Form 4
May 7, 2026 Ferreira Santos WelderController Shares withheld for tax 1,578 $14.41 $22.7K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns AFYA

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Bertelsmann SE & Co. KGaA13D, may seek influence with 1 related filers 72.27% 61,076,080 June 16, 2026
Nicolau Carvalho Esteves13G, passive with 2 related filers 17.4% 9,835,216 November 14, 2024
Doma Perpetual Capital Management LLC13G, passive 5.14% 2,719,969 August 13, 2026

Latest filings below 5%: Baron Capital Group, Inc. 4.78% (February 14, 2025); Lílian Tavares Esteves de Carvalho 3.3% (November 14, 2024); Vanessa Tavares Esteves 3.1% (November 14, 2024); Renato Tavares Esteves 3.3% (November 14, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 55 managers reported a position.

HolderSharesValueChange on quarter
Fmr LLC2,614,007$38.8M-88,400
Softbank Group Corp.2,433,323$36.1M0
Doma Perpetual Capital Management LLC2,400,832$35.6M+115,739
Bamco Inc1,176,247$17.5M-307,411
Renaissance Technologies LLC343,300$5.1M-35,700
BlackRock, Inc.323,785$4.8M-10,790
Swedbank AB189,200$2.8M0
Two Sigma Investments, LP155,712$2.3M-166,574
State Street Corp128,442$1.9M-571
Citadel Advisors LLC108,590$1.6M+59,703
D. E. Shaw & Co., Inc.107,284$1.6M+2,778
Bank of America Corp75,793$1.1M-8,608
Northern Trust Corp66,616$988.6K-16,354
Geode Capital Management, LLC63,298$939.3K-2,022
Morgan Stanley51,379$762.5K-44,715
Dodge & Cox51,287$761.1K0
Lazard Asset Management LLC47,449$704.1K-1,327
Renaissance Group LLC46,718$693.3K-100
R Squared Ltd43,864$650.9K+4,783
Erste Asset Management GmbH41,191$612.5K0

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

8 insiders reported holding 417,339 shares in total, about $4.5M at the last price.

HolderSharesAs of
Gibbon Virgilio Deloy CapobiancoChief Executive Officer 151,223 May 7, 2026
Blanco Luis Andre CarpinteroChief Financial Officer 68,140 May 7, 2026
Grifo De Sousa Anibal JoseV.P. Legal, Comp. & Gov. Rel. 62,687 May 7, 2026
Ferreira Santos WelderController 35,000 October 5, 2026
Basolli Gomiero MirellaVice President 34,530 June 26, 2026
Coelho Ribeiro EricoVice President 32,725 May 7, 2026
Del Bianco DenisVice President 25,422 May 7, 2026
De Souza Portes Meirelles GustavoVice President 7,612 May 7, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about AFYA

What does Afya Ltd do?

Afya Ltd is a company in the Real estate sector, listed on NASDAQ as AFYA. Its shares trade on NASDAQ under the ticker AFYA.

What is Afya Ltd's net worth?

Afya Ltd has a market value (market cap) of $1B at the latest share price, and shareholders' equity of R$4.9B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Afya Ltd profitable?

Yes. In fiscal 2025 it reported net income of R$752.5M on revenue of R$3.7B, a net margin of 20.4%.

How much revenue does Afya Ltd make?

In fiscal 2025 Afya Ltd reported revenue of R$3.7B. That is 11.9% more than a year earlier.

When did Afya Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 31, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from October 6, 2026.

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Where the numbers come from

Financial figures are the values Afya Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.