Afya Limited Announces First Dividend Distribution of R$129.8 Million

Rhea-AI Summary

Afya (Nasdaq: AFYA; B3: A2FY34), Brazil's leading medical education group, has announced its first-ever cash dividend distribution of R$129.8 million, representing 20% of the company's R$648.9 million consolidated net income for 2024.

The dividend per share is set at R$1.348923, payable in U.S. dollars on April 4, 2025, to shareholders of record as of March 26, 2025. The payment will be converted using the Brazilian Central Bank's exchange rate of R$/USD 5.8131 published on March 13, 2025.

CFO Luis Blanco emphasized that this distribution demonstrates the company's commitment to shareholder value while maintaining their growth guidance.

Positive

• First dividend distribution of R$129.8 million announced
• Strong net income of R$648.9 million for 2024
• Maintains growth guidance despite 20% profit distribution
• Demonstrates financial strength and shareholder commitment

Negative

• None.

NOVA LIMA, Brazil--(BUSINESS WIRE)-- Afya Limited (Nasdaq: AFYA; B3: A2FY34) ("Afya" or the "Company"), Brazil’s leading medical education group and provider of medical practice solutions, announced that its board of directors (the “Board”) approved its first distribution of a cash dividend.

On March 12, 2025, Afya's Board declared a cash dividend of R$129.8 million, representing 20% of the Company’s consolidated net income of R$648.9 million for the year ended December 31, 2024. This amounts to a dividend per share (DPS) of R$1.348923, payable in U.S. dollars on April 4, 2025, to shareholders of record as of the close of business on March 26, 2025. The payment will be made at the exchange rate (PTAX) published on March 13, 2025 by the Brazilian Central Bank, which is R$/USD 5.8131.

“We are pleased to reinforce our commitment to returning value to shareholders,” said Luis Blanco, Afya’s CFO. “The approval of the dividend distribution highlights our disciplined capital allocation and efficient capital structure. Even with a 20% distribution of our 2024 consolidated net income, we remain confident in our long-term growth and value creation strategy, with no changes to our guidance of growth.”

About Afya Limited (Nasdaq: AFYA, B3: A2FY34)

Afya is a leading medical education group in Brazil based on the number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students and physicians to transform their ambitions into rewarding lifelong experiences from the moment they join us as medical students through their medical residency preparation, graduation program, continuing medical education activities and offering medical practice solutions to help doctors enhance their healthcare services through their whole career.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313876099/en/

Investor Relations Contact:

Afya Limited

ir@afya.com.br

Source: Afya Limited

FAQ

What is the amount of Afya's first dividend distribution in 2025?

Afya's first dividend distribution amounts to R$129.8 million, representing 20% of their 2024 net income.

When will Afya (AFYA) pay its dividend to shareholders?

Afya will pay the dividend on April 4, 2025, to shareholders of record as of March 26, 2025.

What is the dividend per share (DPS) for Afya's 2025 distribution?

Afya's dividend per share is R$1.348923, payable in U.S. dollars at the exchange rate of R$/USD 5.8131.

How much was Afya's net income for the fiscal year 2024?

Afya reported a consolidated net income of R$648.9 million for the year ended December 31, 2024.

What percentage of Afya's 2024 net income is being distributed as dividends?

Afya is distributing 20% of its 2024 consolidated net income as dividends to shareholders.