Revenue and Profitability Growth
Vasta Platform achieved a 14.3% growth in subscription revenue compared to the previous cycle, with net revenue up 13.6%. Adjusted EBITDA increased by 10% to BRL 494 million, maintaining a healthy margin of 28.4%.
Strong Free Cash Flow Performance
Free cash flow totaled BRL 316 million, a 117% increase from the previous cycle. The free cash flow to EBITDA conversion rate improved significantly to 64%, up 31.5 percentage points from 2024.
B2G Segment Stability and Expansion
The B2G segment recorded revenues of BRL 67 million in the 2025 sales cycle, demonstrating stability compared to 2024. New municipalities were added to the portfolio, reinforcing strategic expansion.
Bilingual Education Expansion
The Start Angle franchise expanded to six units, with plans to launch eight new operational units next year. Over 50 contracts have been signed, with a robust pipeline of more than 300 prospects.
Decreased Leverage
Net debt to last 12 months EBITDA decreased from 2.32x in Q3 2024 to 1.75x in 2025, due to strong free cash flow generation.