Cagna CEO says “Fusion has clear synergies with any listed player”
After the house was held, the Cagna Finally returned for profit. In the first quarter of 2025, the company lost the R $ 8.5 million losses during the same period of 2024, which reached a net income of $ 95 million. And, according to CEO, Roberto Valerio, The last line of the company’s balance sheet should continue from now on.
“We are looking at a strong cash product that allows us to continue our disruption plan,” said Valerio. Operational Cash Production (GCO) is $ 250 million and 19% compared to the first quarter of 2024.
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Net Debt decrease also highlights and $ 460 million compared to the previous year. The company’s leverage was reduced by 1.28, compared to 1.79 before a year.
In the first quarter, Cagna’s Higher Education Department was a great star of crouton, with 18.8% income. Operation company has 60% of the results.
“Croton is our biggest business and its performance is excellent. The revenue has increased the revenue two -digit to the increase in students’ museum and increased average ticket, which is a high demand for face -fase courses and high -frisk distance learning.”
Student base has increased by 9.8%, high -focused on high ticket courses. The average ticket extends 1.1% compared to the first quarter of 2024.
In presenteal, the growth is 6.2% and in distance learning, 2.6%, the most important transfer of inflation for veterans and holding courses with a higher lifetime (LTV). The focus has been focused on quality with the rising satisfaction rate and profit improvement, the CEO said.
Although they do not have a popular appearance in the same way as Croton, they are also receiving v to the Cagna portfolio. Wasta EBITDA R $ 117.1 million, although it showed a 26.8% decrease compared to the same period of 2024, which was influenced by the lowest net income and high marketing costs.
However, Valerio believes that the unit has a more effective mix of customers, and that the growth of complementary solutions is an important goal of the company. “Wasta is in the transformation, but it will continue with good performance in its core content section,” Valerio said.
Namely, focusing on basic education and textbooks, it showed a decrease in net income by 31.0%. However, as described by Valerio, the reduction is another reflection of the disruption of the period of time in the government sales cycle, especially for the National Text Book Program (PNLD). “We are gaining capacity, but B2G (sales for public administration) does not follow the seasonal of the sales cycle in higher education units,” CEO explained.
Fusion in radar?
Valerio said the company’s priority is still reducing the net loan and distribution of dividends. This year, the company has distributed R $ 120 million to shareholders that have not taken place since 2020. It is also doing stock repurchase, allocating R $ 60 million in the first quarter of 2025.
But capital allocation also goes through the purchase of assets, which is a warmed theme Fusion rumors with yduqsRecently gained strength in the market. “These rumors come all the time and go,” said CEO, the ulation has been reduced.
Still, Valerio did not deny that there were synergis in such an operation. “It is undeniable to have any merger with listed players,” he said. However, according to him, Cagna focused more on completing the strategic M&T their portfolio. “Our focus is not on strategic combination, but in the acquisitions that contribute to our educational business, like artificial intelligence or B2G,” he said.
