News Summary:
Cogna faces two arbitration proceedings concerning a defaulted lease agreement for a property in Bauru, São Paulo state, used by its subsidiary Anhanguera Educacional, involving the education group and investors property owner over real estate receivables certificates. This development follows the company's Q1 2026 earnings teleconference held on May 7, 2026. On May 4, 2026, Cogna reported a 31.9% year-over-year increase in net revenue to R$2.1 billion and a 48.7% surge in net income for the first quarter of 2026. The company also saw recurring EBITDA grow 22.2%, leverage improve to 1.13x, and free cash flow jump 68.7%. Earlier, on March 12, 2026, Cogna highlighted robust growth in revenue, EBITDA, and free cash flow for 2025, attributing strong operational and financial performance across all segments to strategic capital allocation, reduced leverage, and successful integration of new business lines, positioning it for continued double-digit growth in 2026. Previously, on March 10, 2026, the company reported a Q4 net profit of 220 million reais, below the IBES estimate of 334 million reais, with Q4 recurring EBITDA reaching 769 million reais.