Highlights from Allianca Saude e Participacoes SA (BSP:AALR3) Q2 2025 Earnings Call: Record Revenue Achieved

Record Revenue Achievement: Allianca Saude e Participacoes SA reported a record revenue of BRL 645 million for the first half of the year, with a notable 31% increase in the B2B segment.

Profitability and Debt Management: The company experienced a 12% growth in adjusted EBITDA and achieved the lowest net debt to adjusted EBITDA ratio since its IPO in 2016, indicating strong profitability and improved financial health.

Strategic Acquisitions and Challenges: Recent acquisitions, including Grupo Medi, are expected to enhance revenue by over BRL 250 million annually, although the company faces challenges in maintaining performance across all units and has seen a slight decline in gross revenue.

Cautious M&A Strategy: While M&As are part of the company's strategy, there is a focus on strategic acquisitions that do not adversely affect short-term cash flow or leverage levels, alongside ongoing evaluations of underperforming units.