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Afya Limited (Nasdaq: AFYA) is the leading medical education and digital health services provider in Brazil. Through its subsidiaries, Afya offers a comprehensive range of educational products and services, including medical schools, residency preparatory courses, and continuing education programs. Catering to lifelong medical learners, Afya operates across various disciplines such as medicine, dentistry, nursing, psychology, pharmacy, and more. The company also provides digital services like clinical decision software, practice management tools, and telemedicine solutions, supporting healthcare professionals at every stage of their careers. With substantial growth and significant market presence, Afya is committed to enhancing medical education and healthcare delivery throughout Brazil.
Afya Limited (NASDAQ: AFYA) has initiated a new share repurchase program after completing its previous one, which bought back 1,874,457 Class A shares. The new program allows for the repurchase of up to 2,000,000 shares, representing about 5.8% of its free float, approved by the Board on March 23, 2023. These repurchases will be conducted through a trading plan with BofA Securities, adhering to SEC regulations. The shares are intended for use in stock option programs, future business combinations, and corporate purposes. Purchases will depend on market conditions and are expected to enhance shareholder value.
Afya Limited (Nasdaq: AFYA) reported robust financial results for Q4 and FY 2022, achieving a 32.3% year-over-year increase in adjusted net revenue to R$2.32 billion. Q4 adjusted net revenue rose 17.8% to R$595.1 million, with adjusted EBITDA up 24.1% to R$242.2 million, resulting in a margin of 40.7%. Adjusted net income for Q4 surged 30.8% to R$128.8 million, reflecting a 53.3% EPS growth. The company also announced a guidance range for 2023 of R$2.75 billion to R$2.85 billion in adjusted revenue.
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