7Baggers

Afya Limited
(NASDAQ:AFYA) 

AFYA stock logo

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company provides educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its dis...

Founded: 1999
IPO Price: $19 (Jul 19, 2019)
Full Time Employees: 3,369
CEO: Virgílio Deloy Capobianco Gibbon  
Sector: Consumer Defensive
Industry: Education & Training Services
Education
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2020-03-26 2019-12-31 2019-12-02 2019-08-29 
                               
      revenue
    		928,505,000 919,400,000 936,360,000  841,185,000 809,890,000 804,239,000                     
      yoy
    		10.38% 13.52% 16.43%                         
      qoq
    		0.99% -1.81%   3.86% 0.70%                      
      cost of services
    		-339,916,000 -342,707,000 -282,639,000  -324,083,000 -314,842,000 -269,504,000  -288,234,000 -284,295,000 -247,607,000  -216,691,000 -219,242,000 -186,730,000  -180,042,000 -144,459,000 -126,492,000  -112,292,000 -106,683,000 -89,251,000 -308,853,000  -87,350,000 -82,283,000 
      gross profit
    		588,589,000 576,693,000 653,721,000  517,102,000 495,048,000 534,735,000  435,245,000 428,312,000 462,354,000  363,884,000 378,914,000 379,594,000  274,345,000 227,915,000 267,859,000  197,118,000 167,528,000 183,053,000 441,777,000  119,363,000 96,210,000 
      yoy
    		13.82% 16.49% 22.25%  18.81% 15.58% 15.65%  19.61% 13.04% 21.80%  32.64% 66.25% 41.71%  39.18% 36.05% 46.33%   40.35% 90.26%     
      qoq
    		2.06% -11.78%   4.45% -7.42%   1.62% -7.36%   -3.97% -0.18%   20.37% -14.91%   17.66% -8.48% -58.56%   24.07%  
      gross margin %
    		63.39% 62.72% 69.82% NaN% 61.47% 61.13% 66.49% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% 
      selling, general and administrative expenses
    		-286,162,000 -292,871,000 -281,500,000  -280,027,000 -263,762,000 -241,164,000  -257,002,000                   
      allowance for expected credit losses
    		-18,082,000                           
      other income
    		3,263,000                    1,997,000   2,594,000  520,000  
      other expenses
    		-10,175,000     -472,000    -2,083,000             -59,000     
      operating income
    		277,433,000 285,228,000 372,527,000  233,892,000 230,814,000 289,358,000  190,286,000 176,643,000 229,539,000  146,019,000 170,242,000 200,771,000  95,399,000 92,844,000 138,640,000  94,397,000 76,800,000 96,271,000 205,251,000  48,623,000 37,202,000 
      yoy
    		18.62% 23.57% 28.74%  22.92% 30.67% 26.06%  30.32% 3.76% 14.33%  53.06% 83.36% 44.81%  1.06% 20.89% 44.01%   57.95% 158.78%     
      qoq
    		-2.73% -23.43%   1.33% -20.23%   7.72% -23.04%   -14.23% -15.21%   2.75% -33.03%   22.91% -20.23% -53.10%   30.70%  
      operating margin %
    		29.88% 31.02% 39.78% NaN% 27.81% 28.50% 35.98% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% 
      finance income
    		59,185,000 40,997,000 43,481,000  30,396,000 23,733,000 25,530,000  34,771,000 23,892,000 27,688,000  29,202,000 22,874,000 24,569,000  29,161,000 12,428,000 13,815,000  12,081,000 13,954,000 30,013,000 51,689,000  29,652,000 4,650,000 
      finance expenses
    		-158,768,000 -135,806,000 -138,475,000  -130,240,000 -92,284,000 -99,896,000  -115,306,000 -114,118,000 -124,240,000  -91,933,000 -83,676,000 -81,291,000  -64,558,000 -80,855,000 -33,672,000  -23,701,000 -23,130,000 -18,859,000 -72,365,000  -24,586,000 -19,721,000 
      net finance result
    		-99,583,000 -94,809,000 -94,994,000  -99,844,000 -68,551,000 -74,366,000                     
      share of income of associate
    		2,791,000 3,591,000 4,285,000  2,526,000 3,028,000 4,172,000  615,000 3,210,000 3,845,000  3,819,000 2,201,000 4,240,000  3,004,000 2,383,000 3,239,000  1,488,000 2,603,000 2,302,000 2,362,000  1,043,000 920,000 
      income before income taxes
    		180,641,000 194,010,000 281,818,000  136,574,000 165,291,000 219,164,000  110,366,000 89,627,000 136,832,000  87,107,000 111,641,000 148,289,000  63,006,000 26,800,000 122,022,000  84,265,000 70,227,000 109,727,000 186,937,000  54,732,000 23,051,000 
      income taxes expenses
    		 -17,468,000 -24,782,000  -12,432,000 -3,091,000 -10,865,000  -12,146,000 -2,090,000 -19,060,000  -6,697,000 -5,568,000 -13,347,000  -5,017,000 -4,855,000          
      current
    		-36,734,000                           
      deferred
    		15,513,000                           
      net income
    		159,420,000 176,542,000 257,036,000  124,142,000 162,200,000 208,299,000  98,220,000 87,537,000 117,772,000  80,410,000 106,073,000 134,942,000  57,989,000 21,945,000 113,348,000  79,575,000 63,886,000 103,670,000 172,762,000  48,984,000 21,326,000 
      yoy
    		28.42% 8.84% 23.40%  26.39% 85.29% 76.87%  22.15% -17.47% -12.72%  38.66% 383.36% 19.05%  -27.13% -65.65% 9.34%   30.42% 386.12%     
      qoq
    		-9.70% -31.32%   -23.46% -22.13%   12.20% -25.67%   -24.19% -21.39%   164.25% -80.64%   24.56% -38.38% -39.99%   129.69%  
      net income margin %
    		17.17% 19.20% 27.45% NaN% 14.76% 20.03% 25.90% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% 
      other comprehensive income
    		                           
      total comprehensive income
    		159,420,000 176,542,000 257,036,000  124,142,000 162,200,000 208,299,000  98,220,000 87,537,000 117,772,000  80,410,000 106,073,000 134,942,000  57,989,000 21,945,000 113,348,000  79,575,000 63,886,000 103,670,000 172,762,000  48,984,000 21,326,000 
      income attributable to:
    		                           
      equity holders of the parent
    		155,167,000 172,332,000 251,999,000  119,979,000 158,211,000 203,393,000  93,347,000 82,789,000 112,124,000  75,760,000 101,505,000 129,610,000  53,030,000 17,237,000 108,090,000  74,832,000 60,679,000 99,816,000 153,916,000  46,267,000 16,317,000 
      non-controlling interests
    		4,253,000 4,210,000 5,037,000  4,163,000 3,989,000 4,906,000  4,873,000 4,748,000 5,648,000  4,650,000 4,568,000 5,332,000  4,959,000 4,708,000 5,258,000  4,743,000 3,207,000 3,854,000 18,846,000  2,717,000 5,009,000 
      income attributable to: - sum
    		159,420,000 176,542,000 257,036,000  124,142,000 162,200,000 208,299,000                     
      basic earnings per common share
    		1,710 1,900 2,790  1,330 1,760                      
      diluted earnings per common share
    		1,700 1,880 2,760  1,310 1,740                      
      other income (expenses)
    		 1,406,000 306,000  -3,183,000  -4,213,000  12,043,000          1,185,000        576,000 
      basic earnings per share
    		                           
      per common share
    		      2.26  1.04 0.92 1.25  0.84 1.12 1.42  0.57 0.18 1.16  0.8 0.65 1.09 2.03  0.54 6.56 
      diluted earnings per share per common share
    		      2.22  1.03 0.92 1.24  0.84 1.12 1.42  0.56 0.18   0.79 0.65     6.44 
      net revenue
    		        723,479,000 712,607,000 709,961,000  580,575,000 598,156,000 566,324,000  454,387,000 372,374,000 394,351,000  309,410,000 274,211,000 272,304,000 750,630,000  206,713,000 178,493,000 
      finance result
    		        -80,535,000 -90,226,000 -96,552,000  -62,731,000 -60,802,000 -56,722,000  -35,397,000 -68,427,000 -19,857,000  -11,620,000 -9,176,000 11,154,000 -20,676,000  5,066,000 -15,071,000 
      income attributable to
    		                           
      income attributable to - sum
    		        98,220,000 87,537,000 117,772,000  80,410,000 106,073,000 134,942,000   21,945,000   79,575,000 63,886,000 103,670,000 172,762,000  48,984,000 21,326,000 
      general and administrative expenses
    		         -249,586,000 -233,220,000  -210,692,000 -207,415,000 -178,514,000  -178,811,000 -135,184,000 -130,404,000  -104,718,000 -90,039,000 -86,723,000 -239,120,000  -71,260,000 -59,584,000 
      other (expenses) income
    		          405,000  -7,173,000 -1,257,000 -309,000  -135,000 113,000    -689,000      
      net income attributable to
    		                           
      net income attributable to - sum
    		                57,989,000  113,348,000         
      income taxes expense
    		                  -8,674,000  -4,690,000 -6,341,000 -6,057,000 -14,175,000   -1,725,000 
      diluted earnings per share
    		                           
      income taxes
    		                         -5,748,000  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2020-03-26 2019-12-31 2019-12-02 2019-09-30 2019-08-29 2019-06-30 2019-03-26 
                                    
        assets
      		                              
        current assets
      		                              
        cash and cash equivalents
      		996,826,000 1,099,107,000 1,154,888,000 911,015,000 836,876,000 723,408,000 611,077,000 553,030,000 822,008,000 741,196,000 722,691,000 1,093,082,000 715,644,000 616,250,000 789,435,000 748,562,000 1,038,934,000 1,424,718,000 959,496,000 1,045,042,000 1,065,232,000 1,041,462,000 1,283,109,000 943,209,000 943,209,000 993,486,000 993,486,000 68,471,000 68,471,000 943,209,000 
        trade receivables
      		671,177,000 678,950,000 636,906,000 595,898,000 552,381,000 595,134,000 536,175,000 546,438,000 480,556,000 509,520,000 475,712,000 452,831,000 405,450,000 435,120,000 364,701,000 378,351,000 329,329,000 332,393,000 322,482,000 302,317,000 231,069,000 238,874,000 156,308,000 125,439,000 125,439,000 117,516,000 117,516,000 125,014,000 125,014,000 125,439,000 
        recoverable taxes
      		24,700,000 30,946,000 32,118,000 25,726,000 41,424,000 59,097,000 50,665,000 43,751,000 63,319,000 51,505,000 36,858,000 27,809,000 42,510,000 39,223,000 31,544,000 25,579,000 31,368,000 26,467,000 20,703,000 21,019,000 24,577,000 18,774,000 11,103,000 6,485,000 6,485,000 8,139,000 8,139,000 5,362,000 5,362,000 6,485,000 
        income taxes recoverable
      		21,046,000 11,175,000                             
        other assets
      		48,525,000 62,814,000 57,304,000 57,145,000 45,304,000 56,512,000 61,715,000 58,905,000 51,991,000 63,930,000 50,123,000 51,745,000 37,874,000 44,348,000 30,678,000 42,533,000 24,885,000 22,557,000 23,743,000 29,614,000 20,667,000 14,108,000 15,923,000 17,912,000 17,912,000 10,178,000 10,178,000 24,548,000 24,548,000 17,912,000 
        total current assets
      		1,762,274,000 1,882,992,000 1,881,216,000 1,589,784,000 1,476,220,000 1,434,495,000 1,260,285,000 1,203,506,000 1,422,375,000 1,374,239,000 1,295,309,000 1,637,657,000 1,213,966,000 1,150,082,000 1,230,222,000 1,206,852,000 1,433,609,000 1,817,822,000 1,342,060,000 1,405,501,000 1,369,771,000 1,338,215,000 1,499,459,000 1,111,765,000 1,111,765,000 1,144,907,000 1,144,907,000 238,944,000 238,944,000 1,111,765,000 
        non-current assets
      		                              
        deferred tax assets
      		40,826,000 25,313,000 7,146,000                            
        investment in associate
      		56,307,000 53,515,000 53,129,000 54,442,000 55,365,000 52,839,000 52,106,000 51,834,000 53,284,000 52,669,000 54,152,000 53,907,000 55,900,000 52,080,000 51,163,000 48,477,000 54,266,000 51,261,000 48,879,000 51,410,000 52,027,000 50,539,000 47,936,000 45,634,000 45,634,000 50,811,000 50,811,000 49,835,000 49,835,000 45,634,000 
        property and equipment
      		695,231,000 684,279,000 670,162,000 658,482,000 639,187,000 611,359,000 610,628,000 608,685,000 598,802,000 588,178,000 577,692,000 542,087,000 503,626,000 459,564,000 440,193,000 419,808,000 399,458,000 329,330,000 277,999,000 260,381,000 212,537,000 192,686,000 157,297,000 139,320,000 139,320,000 127,503,000 127,503,000 110,065,000 110,065,000 139,320,000 
        right-of-use assets
      		900,305,000 859,356,000 845,698,000 842,219,000 846,333,000 801,409,000 788,657,000 767,609,000 770,036,000 759,512,000 777,086,000 690,073,000 712,068,000 678,031,000 676,402,000 663,686,000 631,737,000 544,984,000 433,164,000 419,074,000 389,846,000 376,023,000 334,221,000 274,275,000 274,275,000 273,524,000 273,524,000 268,121,000 268,121,000 274,275,000 
        intangible assets
      		5,574,726,000 5,583,909,000 5,504,138,000 5,532,789,000 5,541,793,000 4,800,430,000 4,824,422,000 4,796,016,000 4,798,915,000 4,831,529,000 4,852,656,000 4,041,491,000 4,042,545,000 4,052,188,000 3,952,453,000 3,900,835,000 3,755,011,000 3,112,982,000 2,758,245,000 2,573,010,000 1,961,759,000 1,835,823,000 1,524,985,000 1,312,338,000 1,312,338,000 1,325,323,000 1,325,323,000 1,226,095,000 1,226,095,000 1,312,338,000 
        total non-current assets
      		7,424,885,000 7,355,176,000 7,230,658,000 7,239,755,000 7,237,407,000 6,416,942,000 6,430,538,000 6,380,975,000 6,408,714,000 6,475,229,000 6,503,488,000 5,561,882,000 5,547,057,000 5,480,158,000 5,331,547,000 5,240,554,000 5,053,211,000 4,164,112,000 3,615,245,000 3,387,592,000 2,678,050,000 2,511,975,000 2,102,675,000 1,800,688,000 1,800,688,000 1,811,661,000 1,811,661,000 1,693,474,000 1,693,474,000 1,800,688,000 
        total assets
      		9,187,159,000 9,238,168,000 9,111,874,000 8,829,539,000 8,713,627,000 7,851,437,000 7,690,823,000 7,584,481,000 7,831,089,000 7,849,468,000 7,798,797,000 7,199,539,000 6,761,023,000 6,630,240,000 6,561,769,000 6,447,406,000 6,486,820,000 5,981,934,000 4,957,305,000 4,793,093,000 4,047,821,000 3,850,190,000 3,602,134,000 2,912,453,000 2,912,453,000 2,956,568,000 2,956,568,000 1,932,418,000 1,932,418,000 2,912,453,000 
        liabilities
      		                              
        current liabilities
      		                              
        trade payables
      		142,318,000 134,321,000 129,973,000 128,080,000 129,920,000 119,677,000 122,694,000 108,222,000 85,655,000 82,632,000 72,228,000 71,482,000 62,905,000 64,460,000 57,066,000 59,098,000 47,020,000 41,490,000 43,463,000 35,743,000 32,453,000 23,234,000 22,853,000 17,628,000 17,628,000 17,584,000 17,584,000 19,856,000 19,856,000 17,628,000 
        loans and financing
      		916,828,000 1,216,994,000 373,275,000 363,554,000 30,051,000 163,501,000 161,675,000 179,252,000 186,903,000 193,660,000 193,214,000 145,202,000 259,638,000 230,494,000 142,654,000 128,720,000 14,780,000 117,679,000 115,089,000 107,162,000 143,081,000 42,094,000 74,078,000 53,607,000 53,607,000 55,967,000 55,967,000 61,664,000 61,664,000 53,607,000 
        lease liabilities
      		52,561,000 48,960,000 47,762,000 45,580,000 45,133,000 41,077,000 40,030,000 36,898,000 36,705,000 35,292,000 38,026,000 32,459,000 28,685,000 28,619,000 27,750,000 24,955,000 24,169,000 80,302,000 65,999,000 61,976,000 56,628,000 46,920,000 29,420,000 22,693,000 22,693,000 35,706,000 35,706,000 37,094,000 37,094,000 22,693,000 
        accounts payable to selling shareholders
      		106,810,000 198,970,000 191,698,000 185,318,000 247,192,000 248,849,000 244,865,000 353,998,000 382,500,000 401,766,000 417,398,000 261,711,000 241,560,000 203,979,000 264,520,000 239,849,000 247,819,000 210,350,000 193,692,000 188,420,000 138,627,000 149,879,000 154,774,000 131,883,000 131,883,000 158,260,000 158,260,000 129,847,000 129,847,000 131,883,000 
        advances from customers
      		147,037,000 108,863,000 161,262,000 161,048,000 154,759,000 120,248,000 156,580,000 153,485,000 137,664,000 121,838,000 165,694,000 133,050,000 108,588,000 92,995,000 111,541,000 114,585,000 87,995,000 75,292,000 77,851,000 63,839,000 44,368,000 40,621,000 33,738,000 36,860,000 36,860,000 36,737,000 36,737,000 19,644,000 19,644,000 36,860,000 
        dividends payable
      		825,000 778,000 130,798,000                       1,331,000 1,331,000 39,331,000 39,331,000  
        labor and social obligations
      		286,575,000 245,161,000 237,850,000 208,076,000 269,381,000 237,264,000 215,822,000 192,294,000 255,235,000 220,019,000 188,928,000 154,518,000 202,040,000 175,997,000 152,438,000 131,294,000 161,788,000 117,342,000 88,479,000 77,855,000 103,130,000 98,916,000 58,246,000 46,770,000 46,770,000 63,638,000 63,638,000 53,722,000 53,722,000 46,770,000 
        taxes payable
      		35,827,000 34,477,000 35,695,000 33,456,000 32,470,000 29,741,000 28,746,000 27,765,000 27,400,000 26,455,000 29,045,000 26,221,000 24,170,000 22,624,000 30,059,000 26,715,000 31,704,000 29,482,000 28,635,000 32,976,000 35,311,000 32,483,000 24,248,000 19,442,000 19,442,000 19,296,000 19,296,000 17,301,000 17,301,000 19,442,000 
        income taxes payable
      		104,374,000 11,385,000 9,517,000 4,247,000 12,066,000 10,748,000 9,248,000 3,880,000 40,582,000 30,465,000 26,229,000 16,151,000 27,353,000 21,451,000 11,608,000 11,649,000 11,581,000 4,637,000 4,612,000 4,574,000 4,601,000 4,395,000 2,522,000 3,213,000 3,213,000 1,225,000 1,225,000 1,671,000 1,671,000 3,213,000 
        other liabilities
      		7,116,000 11,304,000 5,137,000 10,836,000 4,213,000 3,254,000 2,258,000 2,773,000 3,411,000 3,509,000 4,932,000 2,719,000 4,532,000 8,714,000 13,205,000 15,163,000 19,337,000 13,851,000 4,361,000 6,331,000 4,606,000 14,662,000 192,000 376,000 376,000 1,973,000 1,973,000 7,780,000 7,780,000 376,000 
        total current liabilities
      		1,800,271,000 2,011,213,000 1,322,967,000 1,140,195,000 925,185,000 974,359,000 981,918,000 1,058,567,000 1,206,524,000 1,170,681,000 1,194,396,000 905,689,000 976,804,000 865,898,000 826,147,000 766,506,000 659,487,000 702,728,000 633,587,000 589,379,000 572,451,000 462,526,000 400,071,000 333,229,000 333,229,000 391,717,000 391,717,000 388,869,000 388,869,000 333,229,000 
        non-current liabilities
      		                              
        provision for legal proceedings
      		124,844,000 117,772,000 115,599,000 113,521,000 115,042,000 99,256,000 102,510,000 104,361,000 134,068,000 202,940,000 199,160,000 195,854,000 205,151,000 208,667,000 152,106,000 148,287,000 146,909,000 70,195,000 60,625,000 53,139,000 22,589,000 19,807,000 6,795,000 5,269,000 5,269,000 6,533,000  6,810,000   
        total non-current liabilities
      		2,600,296,000 2,590,167,000 3,347,492,000 3,378,761,000 3,636,799,000 2,855,296,000 2,851,850,000 2,882,902,000 3,075,532,000 3,232,590,000 3,236,106,000 3,043,692,000 2,610,405,000 2,675,257,000 2,691,165,000 2,680,882,000 2,773,305,000 2,262,395,000 1,360,108,000 1,369,934,000 711,489,000 728,089,000 608,361,000 465,498,000 465,498,000 509,834,000 509,834,000 473,864,000 473,864,000 465,498,000 
        total liabilities
      		4,400,567,000 4,601,380,000 4,670,459,000 4,518,956,000 4,561,984,000 3,829,655,000 3,833,768,000 3,941,469,000 4,282,056,000 4,403,271,000 4,430,502,000 3,949,381,000 3,587,209,000 3,541,155,000 3,517,312,000 3,447,388,000 3,432,792,000 2,965,123,000 1,993,695,000 1,959,313,000 1,283,940,000 1,190,615,000 1,008,432,000 798,727,000 798,727,000 901,551,000 901,551,000 862,733,000 862,733,000 798,727,000 
        equity
      		                              
        share capital
      		17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 17,000 635,830,000 635,830,000 17,000 
        additional paid-in capital
      		2,320,422,000 2,320,779,000 2,343,939,000 2,344,521,000 2,344,053,000 2,343,146,000 2,364,361,000 2,365,200,000 2,371,577,000 2,372,773,000 2,375,344,000 2,375,344,000 2,375,344,000 2,375,344,000 2,375,344,000 2,375,344,000 2,376,699,000 2,382,816,000 2,394,987,000 2,323,488,000 2,318,044,000 2,300,513,000 2,300,513,000 1,931,047,000 1,931,047,000 1,931,047,000 1,931,047,000 331,424,000 331,424,000 1,931,047,000 
        treasury shares
      		-240,136,000 -230,849,000 -271,751,000 -273,955,000 -276,944,000 -279,854,000 -297,485,000 -299,150,000    -304,947,000     -44,531,000  -64,752,000            
        share-based compensation reserve
      		204,180,000 200,017,000 194,460,000 187,497,000 181,372,000 175,501,000 163,703,000 155,073,000 143,620,000 136,936,000 130,033,000 123,538,000 114,515,000 105,682,000 97,030,000 94,101,000 84,673,000 75,826,000 64,733,000 50,724,000 42,763,000 32,711,000 26,554,000 18,114,000 18,114,000 9,864,000 9,864,000 4,070,000 4,070,000 18,114,000 
        retained earnings
      		2,461,590,000 2,306,422,000 2,134,090,000 2,011,875,000 1,861,948,000 1,741,969,000 1,583,758,000 1,380,365,000 1,293,149,000 1,199,802,000 1,117,010,000 1,004,886,000 938,192,000 862,432,000 760,927,000 631,317,000 586,348,000 533,318,000 516,082,000 407,991,000 351,243,000 276,411,000 215,732,000   66,119,000 66,119,000 23,959,000 23,959,000  
        equity attributable to equity holders of the parent
      		4,746,073,000 4,596,386,000 4,400,755,000 4,269,955,000 4,110,446,000 3,980,779,000 3,814,354,000 3,601,505,000 3,498,360,000 3,394,783,000 3,317,457,000 3,198,838,000 3,123,121,000 3,038,528,000 2,991,925,000 2,948,149,000 3,003,206,000 2,965,902,000 2,911,067,000 2,782,220,000 2,712,067,000 2,609,652,000 2,542,816,000 2,065,094,000 2,065,094,000 2,007,047,000 2,007,047,000 1,022,089,000 1,022,089,000 2,065,094,000 
        non-controlling interests
      		40,519,000 40,402,000 40,660,000 40,628,000 41,197,000 41,003,000 42,701,000 41,507,000 50,673,000 51,414,000 50,838,000 51,320,000 50,693,000 50,557,000 52,532,000 51,869,000 50,822,000 50,909,000 52,543,000 51,560,000 51,814,000 49,923,000 50,886,000 48,632,000 48,632,000 47,970,000 47,970,000 47,596,000 47,596,000 48,632,000 
        total equity
      		4,786,592,000 4,636,788,000 4,441,415,000 4,310,583,000 4,151,643,000 4,021,782,000 3,857,055,000 3,643,012,000 3,549,033,000 3,446,197,000 3,368,295,000 3,250,158,000 3,173,814,000 3,089,085,000 3,044,457,000 3,000,018,000 3,054,028,000 3,016,811,000 2,963,610,000 2,833,780,000 2,763,881,000 2,659,575,000 2,593,702,000 2,113,726,000 2,113,726,000 2,055,017,000 2,055,017,000 1,069,685,000 1,069,685,000 2,113,726,000 
        total liabilities and equity
      		9,187,159,000 9,238,168,000 9,111,874,000 8,829,539,000 8,713,627,000 7,851,437,000 7,690,823,000 7,584,481,000 7,831,089,000 7,849,468,000 7,798,797,000 7,199,539,000 6,761,023,000 6,630,240,000 6,561,769,000 6,447,406,000 6,486,820,000 5,981,934,000 4,957,305,000 4,793,093,000 4,047,821,000 3,850,190,000 3,602,134,000 2,912,453,000 2,912,453,000 2,956,568,000 2,956,568,000 1,932,418,000 1,932,418,000 2,912,453,000 
        inventories
      		    235,000 344,000 653,000 1,382,000 4,501,000 8,088,000 9,925,000 12,190,000 12,488,000 15,141,000 13,864,000 11,827,000 9,093,000 8,535,000 9,586,000 7,509,000 5,835,000 5,375,000 5,580,000 3,932,000 3,932,000 2,919,000 2,919,000 2,812,000 2,812,000 3,932,000 
        notes payable
      		        50,469,000 55,045,000 58,702,000 62,176,000 17,333,000 16,565,000 15,306,000 14,478,000 13,294,000 12,303,000 11,406,000 10,503,000 9,646,000 9,322,000         
        treasury stock
      		        -310,003,000 -314,745,000 -304,947,000  -304,947,000 -304,947,000 -241,393,000 -152,630,000  -26,075,000             
        restricted cash
      		                  2,053,000 2,053,000 10,902,000 10,902,000 14,137,000 14,788,000 14,788,000 12,540,000 12,540,000 12,540,000 12,540,000 14,788,000 
        financial investments
      		                 3,152,000 6,050,000            
        derivatives
      		                    11,489,000 8,720,000 13,299,000  757,000 129,000 129,000 197,000 197,000  
        related parties
      		                         1,759,000 1,759,000 3,293,000 3,293,000  
        earnings reserves
      		                       115,916,000 115,916,000   26,806,000 26,806,000 115,916,000 
        benefit from legal proceedings
      		                          6,533,000  6,810,000 5,269,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2020-03-26 2019-12-02 2019-08-29 
                              
          operating activities
        		                      
          income before income taxes
        		656,469,000 475,828,000 281,818,000 521,029,000 384,455,000 219,164,000 429,582,000 336,826,000 226,460,000 136,832,000 347,037,000 259,930,000 148,289,000 211,828,000 148,822,000 122,022,000 264,219,000 179,954,000 109,727,000 186,937,000 129,488,000 74,756,000 
          adjustments to reconcile income before income taxes
        		                      
          depreciation and amortization expenses
        		281,110,000 186,453,000 91,755,000                    
          write-off of property and equipment
        		3,149,000 536,000 305,000 2,108,000 139,000 19,000                 
          write-off of intangible assets
        		7,000 81,000  243,000 163,000                  
          allowance for expected credit losses
        		51,135,000 33,053,000 16,558,000 41,589,000 30,018,000 15,264,000                 
          share-based compensation expense
        		16,683,000 12,520,000 6,963,000                  9,864,000  
          net foreign exchange differences
        		2,430,000 2,049,000 476,000 7,462,000 -797,000 -190,000 -681,000 -448,000 -539,000 -161,000 -293,000 -320,000 -126,000 -18,376,000 -24,622,000 3,984,000 21,746,000 19,888,000 15,244,000 14,447,000 -13,608,000  
          accrued interest
        		248,290,000 158,613,000 76,939,000 166,343,000 102,278,000 51,745,000               14,642,000  
          accrued interest on lease liabilities
        		91,414,000 59,727,000 29,563,000 82,803,000 53,770,000 26,744,000                 
          share of income of associate
        		-10,667,000 -7,876,000 -4,285,000 -9,726,000 -7,200,000 -4,172,000               -1,963,000  
          provision for legal proceedings
        		18,980,000                    -624,000  
          changes in assets and liabilities
        		                      
          trade receivables
        		-124,063,000 -111,519,000 -55,632,000 -35,619,000 -79,169,000 -6,434,000 -131,336,000 -52,169,000 -62,359,000 -10,232,000 -60,167,000 -88,472,000 -576,000 -18,593,000 -34,668,000 -33,229,000 -95,563,000 -104,831,000 -35,564,000 -35,556,000 -24,688,000 -28,624,000 
          recoverable taxes
        		-20,020,000 -16,395,000 -6,392,000 2,409,000 -15,346,000 -6,914,000 -15,353,000 -34,921,000 -23,107,000 -8,460,000 -16,931,000 -13,644,000 -5,965,000 -8,228,000 -4,065,000 779,000 -1,437,000 -11,464,000 -4,615,000 -3,940,000 -5,594,000 -2,827,000 
          other assets
        		-1,846,000 -5,641,000 -6,131,000 20,107,000 629,000 729,000 77,480,000 35,960,000 -9,121,000 6,005,000 5,858,000 -7,886,000 9,263,000 -11,264,000 -5,256,000 1,550,000 -6,820,000 2,940,000 -767,000 -7,403,000 -2,713,000 -15,758,000 
          trade payables
        		14,238,000 6,241,000 1,893,000 19,966,000 11,455,000 14,472,000 24,500,000 1,920,000 -1,103,000 -11,507,000 1,398,000 2,952,000 -2,736,000 3,461,000 4,128,000 7,088,000 1,759,000 996,000 4,479,000 3,029,000 2,985,000 5,257,000 
          taxes payable
        		1,409,000 -743,000 10,787,000 -6,625,000 319,000 5,439,000 3,278,000                
          advances from customers
        		-14,011,000 -52,185,000 214,000 40,000 -33,237,000 3,095,000 -17,892,000 -27,883,000 -43,709,000 147,000 -16,075,000 -31,668,000 -9,229,000 9,419,000 103,000 13,582,000 -18,882,000 -13,317,000 -14,116,000 19,324,000 18,521,000 1,428,000 
          labor and social obligations
        		78,499,000 37,085,000 29,774,000 69,719,000 44,970,000 23,528,000 31,525,000 94,465,000 59,249,000 28,158,000 70,608,000 44,565,000 21,074,000 54,005,000 32,379,000 9,046,000 42,033,000 39,605,000 7,005,000 6,124,000 22,992,000 13,352,000 
          other liabilities
        		3,478,000 2,498,000 -4,777,000 4,417,000 3,117,000 -212,000 -42,542,000 -9,331,000 4,320,000 4,528,000 -10,066,000 -6,298,000 -2,839,000 2,276,000 1,265,000 -2,341,000  10,534,000 1,111,000 -10,881,000 -9,597,000 -1,458,000 
          income taxes paid
        		-13,712,000 -11,385,000 -6,386,000 -19,290,000 -16,208,000 -11,194,000 -45,144,000 -37,599,000 -28,988,000 -17,819,000 -27,940,000 -22,101,000 -14,850,000 -28,495,000 -22,667,000 -14,801,000 -15,830,000 -12,397,000 -6,057,000 -8,506,000 -4,033,000 -2,392,000 
          net cash flows from operating activities
        		1,277,763,000 771,596,000 463,850,000 1,148,175,000 667,169,000 417,860,000 1,043,623,000 896,202,000 537,492,000 331,554,000 715,881,000 427,916,000 278,715,000 528,698,000 320,515,000 179,279,000 308,916,000 189,417,000 101,396,000 299,216,000 230,647,000 108,810,000 
          investing activities
        		                      
          acquisition of property and equipment
        		-123,641,000 -81,617,000 -38,477,000 -93,367,000 -45,989,000 -22,955,000 -118,435,000 -88,014,000 -56,907,000 -27,299,000 -116,641,000 -62,266,000 -30,670,000 -97,435,000 -58,132,000 -23,056,000 -60,887,000 -37,583,000 -17,676,000 -56,964,000 -41,684,000 -20,674,000 
          acquisition of intangibles assets
        		-139,513,000 -103,455,000 -17,735,000 -223,399,000 -91,119,000 -69,946,000 -126,993,000 -67,113,000 -45,250,000 -19,130,000 -70,423,000 -50,267,000 -21,680,000 -43,290,000 -22,825,000 -9,866,000 -12,741,000 -7,766,000 -3,172,000 -64,745,000 -59,644,000 -718,000 
          dividends received
        		8,802,000 8,803,000 5,598,000 6,195,000 6,195,000 3,900,000 9,900,000 8,294,000 5,101,000 3,600,000 2,837,000 2,838,000 1,554,000 5,770,000 5,771,000 5,770,000       
          acquisition of subsidiaries, net of cash acquired
        		-144,076,000 -81,463,000 -65,162,000 -579,074,000 -164,577,000 -147,262,000 -815,005,000 -726,530,000 -640,858,000 -608,146,000 -242,752,000 -170,473,000 -47,904,000 -917,264,000 -547,529,000 -150,483,000 -354,853,000 -240,631,000 -102,811,000 -241,568,000 -148,880,000 -148,880,000 
          payments of interest from acquisition of subsidiaries and intangibles
        		-49,608,000 -14,536,000 -14,536,000 -55,898,000 -25,000,000 -24,735,000 -71,518,000                
          net cash flows from investing activities
        		-448,036,000 -272,268,000 -130,312,000 -945,543,000 -320,490,000 -260,998,000 -1,143,051,000 -910,037,000 -737,914,000 -650,975,000 -426,979,000 -287,510,000 -102,314,000 -1,052,131,000 -623,052,000 -180,263,000 -523,848,000 -351,025,000 -132,466,000 -354,149,000 -275,819,000 -203,794,000 
          financing activities
        		                      
          payments of principal of loans and financing
        		-301,692,000 -1,543,000 -769,000 -126,666,000 -11,524,000 -10,762,000 -112,630,000 -12,216,000               
          payments of interest of loans and financing
        		-185,230,000 -110,399,000 -44,980,000 -156,897,000 -87,933,000 -48,806,000 -175,889,000 -124,468,000               
          proceeds from loans and financing
        		   492,351,000   5,288,000 5,288,000 5,288,000           7,383,000   
          payments of principal of lease liabilities
        		-36,869,000 -24,222,000 -11,904,000 -30,218,000 -19,859,000 -9,648,000                 
          payments of interest of lease liabilities
        		-89,732,000 -58,793,000 -29,167,000 -82,567,000 -53,924,000 -26,903,000 -103,911,000                
          proceeds from exercise of stock options
        		25,733,000 24,249,000 1,622,000 6,041,000 5,541,000 826,000 9,791,000 3,546,000      32,721,000         
          treasury shares repurchase
        		-11,128,000                      
          dividends paid
        		-142,568,000 -138,479,000                  -51,812,000 -47,964,000  
          net cash flows (used) generated in financing activities
        		-741,486,000                      
          net increase in cash and cash equivalents
        		85,811,000 188,092,000 243,873,000 283,846,000 170,378,000 58,047,000 -540,052,000   -370,391,000 -32,918,000 -132,312,000 40,873,000 -6,108,000 379,676,000 -85,546,000 100,277,000 78,365,000 339,900,000 880,949,000 916,695,000 6,211,000 
          cash and cash equivalents at the beginning of the period
        		911,015,000 911,015,000 911,015,000 553,030,000 553,030,000 553,030,000  1,093,082,000 1,093,082,000 1,093,082,000 748,562,000 748,562,000  1,045,042,000 1,045,042,000 1,045,042,000 943,209,000 943,209,000 943,209,000  62,260,000 62,260,000 
          cash and cash equivalents at the end of the period
        		996,826,000 1,099,107,000 1,154,888,000 836,876,000 723,408,000 611,077,000  822,008,000 741,196,000 722,691,000 715,644,000 616,250,000  1,038,934,000 1,424,718,000 959,496,000 1,065,232,000 1,041,462,000 1,283,109,000  993,486,000 68,471,000 
          provision (reversal) for legal proceedings
        		 2,656,000 408,000 4,619,000 3,040,000 -1,851,000                 
          net cash flows from financing activities
        		 -309,187,000 -89,189,000     -256,791,000 -150,925,000 -50,809,000 -321,527,000 -272,398,000 -135,402,000 535,701,000 706,835,000  315,209,000 239,973,000 355,726,000 921,435,000 961,867,000 101,195,000 
          dividends paid to non-controlling shareholders
        		  -3,991,000 -13,368,000 -9,399,000 -3,712,000 -18,750,000 -15,914,000 -10,300,000              
          depreciation and amortization
        		   249,135,000 163,307,000 79,269,000               50,703,000  
          share-based compensation
        		   26,299,000 20,428,000 8,630,000                 
          net cash flows from operating activities before income taxes
        		                      
          acquisition of non-controlling interest
        		      -21,000,000                
          treasury shares
        		          -152,317,000 -152,317,000 -88,763,000 -98,541,000         
          net cash flows generated (used) in financing activities
        		   88,676,000 -177,098,000 -99,005,000 -439,943,000                
          cash and cash equivalents at the beginning of the year
        		      1,093,082,000      748,562,000       62,260,000   
          cash and cash equivalents at the end of the year
        		      553,030,000      789,435,000       943,209,000   
          inventories
        		   1,147,000 1,038,000 729,000 10,947,000 7,828,000 4,241,000 2,404,000 -661,000 -3,314,000 -2,037,000 -1,232,000 -1,026,000 -2,077,000 -1,436,000 -976,000 -1,648,000 -236,000 777,000 884,000 
          restricted cash
        		             8,103,000 4,951,000  3,886,000 3,870,000 651,000 7,530,000 2,512,000 -1,153,000 
          payments of lease liabilities
        		      -31,473,000 -100,658,000 -66,239,000 -32,597,000 -84,509,000 -55,074,000 -27,476,000 -61,909,000 -37,888,000 -17,509,000 -40,527,000 -25,538,000 -11,735,000 -39,779,000 -27,811,000  
          treasury shares buy back
        		      -12,369,000                
          taxes payables
        		       25,321,000 18,502,000 8,480,000 10,709,000 5,247,000 2,357,000 -1,247,000 1,697,000 729,000 -5,612,000 10,214,000 3,183,000 4,940,000 5,588,000 1,139,000 
          payments of interest from acquisition of subsidiaries
        		       -36,674,000               
          treasury shares buy-back
        		       -12,369,000 -12,369,000              
          payments of loans and financing
        		        -67,305,000 -15,745,000 -68,975,000 -53,795,000 -14,494,000 -130,446,000 -12,952,000 -2,010,000 -106,019,000 -99,096,000 -1,316,000 -75,093,000 -43,094,000 -23,868,000 
          issuance of loans and financing
        		         3,663,000    809,539,000 809,539,000  100,911,000 911,000 911,000    
          dividends paid to non-controlling interests
        		         -6,130,000 -15,726,000 -11,212,000 -4,669,000 -15,663,000 -10,617,000 -4,275,000 -8,622,000 -5,770,000 -1,600,000    
          allowance for doubtful accounts
        		                      
          net loss on derivatives
        		                      
          interest on lease liability
        		                      
          total
        		                      
          capital increase
        		                   167,628,000 167,628,000 150,000,000 
          proceeds from shares public offering
        		                      
          share issuance costs
        		                   -79,670,000 -79,670,000  
          payments of notes payable
        		           -7,342,000 -3,614,000 -8,015,000 -5,288,000 -2,628,000 -3,847,000 -1,611,000     
          disposals of property and equipment
        		                    111,000  
          disposals of intangible
        		                      
          accrued lease interest
        		                    23,337,000  
          loans to related parties
        		                     -1,695,000 
          share-based compensation plan receipts
        		              23,505,000        
          proceeds from issuance of common shares
        		                 389,170,000 389,170,000    
          shares issuance cost
        		                -19,704,000 -19,704,000 -19,704,000    
          treasury stock
        		              -64,752,000        
          purchase of treasury shares
        		               -64,752,000       
          net cash flows (used in) from financing activities
        		               -88,546,000       
          related parties loans
        		                      
          proceeds from initial public offering
        		                    992,778,000  
          payments of accounts payable to selling shareholders
        		                -95,406,000 -67,304,000 -9,458,000  -27,962,000 -30,674,000 
          proceeds from issuance of shares
        		                389,170,000      
          related parties
        		                   1,598,000 -161,000  
          proceeds from inicial public offering
        		                   992,778,000   
          provision of allowance for doubtful accounts
        		                    13,278,000  
          loss on derivative instruments
        		                    1,181,000  
          net foreign exchange difference
        		                    14,531,000  
          benefit from legal proceedings
        		                      
          net cash flows used in investing activities
        		                      
          payment of lease liabilities
        		                     -17,316,000 
          dividends paid to non-controlling interest
        		                     -7,621,000 
          net cash flows from (used in) financing activities