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Vasta Platform Limited (NASDAQ:VSTA) Q2 2025 Earnings Conference Call August 6, 2025 5:00 PM ET

Company Participants

Cesar Augusto Silva - Chief Financial Officer
Guilherme Alves Melega - CEO, COO & Investment Relations Officer

Conference Call Participants

Flavio Yoshida - BofA Securities, Research Division
Lucas Dai Nagano - Morgan Stanley, Research Division
Marcelo Peev dos Santos - JPMorgan Chase & Co, Research Division

Operator

Good afternoon, and welcome to Vasta Platform's Second Quarter 2025 Financial Results Conference Call. [Operator Instructions]

Before we begin, I would like to read a forward-looking statement. During today's presentation, our executives will make forward- looking statements. Forward-looking statements generally relate to future events or future financial or operating performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those contemplated by these forward-looking statements.

Forward-looking statements in this presentation include, but are not limited to, statements related to our business and financial performance, expectations for future periods, our expectations regarding our strategic product initiatives and the related benefits and our expectations regarding the market. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management.

These risks include those set forth in the press release that we are issuing today as well as those more fully described in our filings with the Securities and Exchange Commission. The forward-looking statements in this presentation are based on the information available to us as of today. You should not rely on them as predictions of future events, and we disclaim any obligation to update any forward-looking statements, except as required by law.

In addition, management may reference non-IFRS financial measures on this call. The non-IFRS financial measures are not intended to be considered in isolation or as a substitute for results prepared