Afya (Nasdaq: AFYA) sets R$307.4M dividend, plans 50% 2025 earnings payout
Rhea-AI Filing Summary
Afya Limited reported that its board approved a cash dividend of R$307.4 million, equal to 40% of consolidated net income for the year ended December 31, 2025. The dividend equals R$3.446838 per share and will be paid in U.S. dollars on April 6, 2026 to shareholders of record as of March 25, 2025, using the PTAX exchange rate published on March 13, 2026. Management stated that, together with its share repurchase program, Afya expects to distribute 50% of 2025 consolidated net income, highlighting a strong focus on shareholder returns.
Positive
- Large cash dividend based on strong earnings: Afya approved a R$307.4 million dividend, equal to 40% of consolidated net income for 2025, signaling robust profitability and capacity to return cash.
- Clear, sizable payout commitment: Management expects to distribute 50% of 2025 consolidated net income through dividends and share repurchases, reinforcing a shareholder-focused capital allocation approach.
Negative
- None.
Insights
Afya pairs a sizable cash dividend with ongoing buybacks, signaling strong cash generation and shareholder-return focus.
Afya’s board approved a cash dividend of R$307.4 million, representing 40% of consolidated net income for the year ended December 31, 2025. The per-share amount is R$3.446838, payable in U.S. dollars, indicating solid earnings and available cash.
The company also notes that about 60% of its current share repurchase authorization remains available until December 2026. Management expects dividends plus buybacks to return 50% of 2025 net income, which points to a shareholder-friendly capital allocation framework while still relying on continued earnings strength.
Investors can later compare this planned 50% payout with actual distributions and repurchase execution disclosed in future Afya filings for the year following 2025, to assess consistency between stated policy and realized cash returns.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2026
Commission File Number: 001-38992
Afya Limited
(Exact name of registrant as specified in its charter)
Rua Paraíba, No. 330, 17º Andar, CEP 30130-917
Bairro Funcionários, Belo Horizonte, Minas Gerais
Brazil
+55 (31) 3515 7550
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F |
X |
Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | No |
X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | No |
X |
TABLE OF CONTENTS
| EXHIBIT | |
| 99.1 | AFYA LIMITED ANNOUNCES DIVIDEND DISTRIBUTION OF R$307.4 MILLION |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Afya Limited | |||||
| By: | /s/ Virgilio Deloy Capobianco Gibbon | ||||
| Name: | Virgilio Deloy Capobianco Gibbon | ||||
| Title: | Chief Executive Officer | ||||
Date: March 12, 2026
AFYA LIMITED ANNOUNCES DIVIDEND DISTRIBUTION OF R$307.4 MILLION
Belo Horizonte, Brazil, March 12, 2026 – Afya Limited (Nasdaq: AFYA; B3: A2FY34) ("Afya" or the "Company"), the leading medical education group and medical practice solutions provider in Brazil, announced that its board of directors (the “Board”) approved its second distribution of a cash dividend.
On March 12, 2026, the Company’s Board of Directors approved dividend distribution in the amount of R$307.4 million, representing 40% of the Company’s consolidated net income for the year ended December 31, 2025 and a dividend per share of R$3.446838, payable in U.S. dollars on April 6, 2026, to the shareholders on record as of the close of business on March 25, 2025. The payment will be made at the exchange rate (PTAX) to be published by the Brazilian Central Bank on March 13, 2026.
“This dividend declaration reflects our disciplined approach to capital allocation and the strength of our capital structure,” said Luis Blanco, Afya’s CFO. “We also continue to execute our share repurchase program, with approximately 60% of the current authorized buyback program remaining available for execution until December 2026. Combined with dividends, we expect to distribute 50% of the Company’s consolidated net income for the year ended 2025, reinforcing our commitment to shareholder returns. We remain confident in our long-term growth and value creation strategy and maintaining our growth guidance".
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.
Investor Relations Contact:
Afya Limited
ir@afya.com.br
Source: Afya Limited