# Afya Ltd. (AFYA)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $1.28B  
**Price:** $14.10 (-3.23%)

> Afya Ltd. is a leading medical education group and provider of medical practice solutions in Brazil. It operates across three main segments: Undergrad, which delivers educational services through undergraduate courses in medicine, health sciences, and other non-health programs; Continuing Education, offering medical residency preparatory courses, graduate courses, and lifelong learning programs delivered via digital and in-person formats; and Digital Services, providing subscription-based mobile apps and website portals focused on clinical decision support, management tools, and enhancing doctor-patient relationships. Afya Ltd. supports physicians throughout their careers with an end-to-end ecosystem that includes access, demand generation, and efficiency solutions for healthcare providers. Its portfolio extends to courses in dentistry, nursing, law, engineering, psychology, accounting, and management, catering to a broad network of students, lifelong learners, and third-party medical schools. Headquartered in Belo Horizonte, Brazil, Afya Ltd. plays a pivotal role in Brazil's medical and healthcare education sectors by expanding medical school seats and fostering professional development in the physician-centric ecosystem.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.70B | $2.38B | $1.21B | $768M | $8.24 |
| 2024 | $3.30B | $2.09B | $1.01B | $649M | $6.93 |
| 2023 | $2.88B | $1.77B | $765M | $405M | $4.27 |
| 2022 | $2.33B | $1.47B | $664M | $393M | $4.12 |
| 2021 | $1.72B | $1.07B | $438M | $242M | $2.37 |
| 2020 | $1.20B | $767M | $362M | $308M | $3.12 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.36B | $4.47B | $4.89B | $1.13B | $3.00B |
| 2024 | $8.83B | $4.52B | $4.31B | $911M | $2.76B |
| 2023 | $7.58B | $3.94B | $3.64B | $553M | $2.46B |
| 2022 | $7.20B | $3.95B | $3.25B | $1.09B | $2.47B |
| 2021 | $6.45B | $3.45B | $3.00B | $749M | $1.99B |
| 2020 | $4.79B | $1.96B | $2.83B | $1.05B | $962M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.52B | — | $1.17B |
| 2024 | $1.41B | — | $1.04B |
| 2023 | $1.07B | — | $798M |
| 2022 | $849M | — | $547M |
| 2021 | $613M | — | $354M |
| 2020 | $378M | — | $234M |

Source: [DividendWall](https://dividendwall.com/company/AFYA)