Invite | Fireside Chat with YDUQS CEO

Research evidence excerpt

Invite | Fireside Chat with YDUQS CEO

ure. Ticker | YDUQ3

On-Campus: Stabilization with Inflation-Linked Ticket Growth. On-campus education has Market Cap | US$0.5bn

stabilized structurally, after years of post-FIES adjustment. Ticket growth is now tracking

inflation, renewal rates are stable at >80%, and margins recovered meaningfully since 2H25. ADTV | US$6m

Investments in teaching quality, digital tools, have structurally improved retention. For 2026,

Management | Rossano Marques, CEOon-campus is expected to be a stable cash-generating base, rather than a growth engine.

Register herePremium Segment: Visibility and Pricing Power Remain Intact. Brand strength and local

market positioning continue to protect pricing and occupancy, even as new medical seats

enter the market. IDOMED renewal rates near 99% and margins close to 50% are evidence

of resilience. Ibmec’s performance (DD revenue growth and margin expansion) shows that

premium education can still scale profitably. Premium now represents 40% of EBITDA.

Management changes. Rossano Marques was appointed as the new CEO of the company

last year replacing Eduardo Parente, who joined the Board of Directors. Alexandre Aquino was

named the new CFO succeeding Rossano, after his seven year tenure on the role. YDUQS

clarified that the succession is the result of a long-term planning process and reaffirms the

continuity of the corporate strategy, with the core executive team unchanged. YDUQS has

delivered solid earnings growth and strategic foresight while navigating regulatory changes

and market dynamics over the years. YDUQS' disciplined approach to capital allocation and

focus on cash generation positioned it strongly for future growth with an attractive shareholder

remuneration.