• Cruzeiro do Sul Educacional's third-quarter 2026 net debt excluding lease liabilities rose 26.3% year over year to R$ 596.4 million.
• The FAPI earn-out triggered R$ 186 million in obligations, with R$ 93 million paid during the quarter.
• The remaining R$ 93 million was recorded as acquisition debt, payable in 2027 and 2028.
• Cash increased 9% year over year to R$ 914.9 million; leverage reached 1.1 times from 0.8 times in the preceding quarter.
• Lease liabilities fell 9.6% year over year to R$ 1.08 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cruzeiro do Sul Educacional SA published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.