Afya Ltd income statement

In fiscal 2025, Afya Ltd reported revenue of $662m, up 7.5% on the year before, operating income of $217m (a 32.8% margin) and net income of $135m, or $1.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Afya Ltd: income statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	68	92	191	235	319	452	576	616	662
Cost of revenue	39	46	−78	85	121	167	222	227	235
Gross profit	29	46	112	150	198	285	354	389	427
Operating income	15	27	52	71	82	129	154	189	217
Interest expense	0	1	8	9	12	17	20	21	22
Income before tax	16	27	47	66	51	83	86	126	154
Income tax	1	1	4	5	6	7	5	5	—
Net income	14	24	39	57	41	73	77	118	135
Diluted EPS	$0.44	$0.50	$0.51	$0.61	$0.44	$0.80	$0.86	$1.29	$1.48
Diluted shares (average)	32m	48m	76m	94m	94m	91m	91m	91m	91m
EBITDA	17	29	34	50	110	169	212	251	284

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Afya Ltd's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Afya Ltd.