Ânima (ANIM3) investor relations material

Executive summary

• Consolidated net revenue rose 6.1% year-over-year in 1H26 to R$2.2 billion, driven by Core and Inspirali segments, with a focus on sustainable growth and deleveraging.

• Net income attributable to controlling shareholders grew 29% to BRL 135 million in 1H26, with over 200% quarter-over-quarter growth and solid cash generation.

• Prioritized revenue quality through higher average ticket prices and operational efficiency across all segments.

• Faced operational challenges impacting dropout rates, but improved student satisfaction and reduced dropouts by period end.

• Announced acquisition of FMU to strengthen the ecosystem, pending regulatory approval.

Financial highlights

• Adjusted EBITDA ex-IFRS16 increased 7.6% to R$691 million in 1H26, with margin expansion to 31.8%.

• Net income in 2Q26 was R$29.1 million, up 205% year-over-year.

• Cash position at R$1.8 billion as of June 30, 2026, supporting debt payments and business robustness.

• Operating cash flow in 1H26 was R$861.2 million (+10.7% YoY); cash flow to firm R$449 million (+7.2% YoY).

• CapEx in 1H26 totaled R$65.9 million, 4.8% of net revenue, focused on digital transformation and efficiency gains.

Outlook and guidance

• Expectation of stable margins year-over-year, with operational efficiencies reinvested into quality improvements.

• Pursuing organic deleveraging to support sustainable growth and continued investment in quality.

• Remain focused on operational efficiency, academic quality, and strengthening learning indicators.

• Strategic investments in course quality and ESG initiatives continue.

• Integration of FMU expected to enhance Core and Digital segments upon regulatory approval.