Yduqs stock falls 3.12 percent as merger terms emerge

Yduqs stock traded at BRL 10.86 on September 24, 2026, as Afya merger terms moved closer to definition. First-half revenue reached BRL 2,900.9 million, up 1.2 percent year over year.

Yduqs stock fell 3.12 percent to BRL 10.86 on B3 on September 24, 2026, giving the company a market capitalization of BRL 2,843,542,815. The move followed renewed attention on a potential combination with Afya, with ownership and governance terms becoming the central market issue.

Merger terms take shape

Valor International reported on September 23, 2026, that Afya and Yduqs were in advanced talks toward a potential business combination. The terms were largely defined, negotiations centered on governance, and Afya would hold a majority stake in the combined company.

The combined company would remain listed on B3, while a shareholder vote was expected as the next major step. For Yduqs shareholders, the proposed structure links the stock reaction to both the allocation of the new group and the value assigned to Yduqs assets.

Revenue grows as profit falls

Yduqs delivered BRL 2,900.9 million in consolidated net revenue in 1H26, up 1.2 percent year over year, according to Quartr. Adjusted EBITDA reached BRL 904.2 million with a 31.2 percent margin, while adjusted net income fell 11 percent year over year to BRL 164.1 million.

Leverage declined to 1.55 times net debt to EBITDA in 2Q26, against a company target of 1.0 times by 2027. The figures create a clear split in the investment case: operating revenue expanded, but financing costs and lower DIS participation weighed on adjusted earnings.

Stake reaches 6.16 percent

Fourth Sail Capital held 16,887,101 Yduqs common shares, equal to 6.16 percent of the company, on September 22, 2026, according to The Rio Times. The position compared with 12,735,141 shares, or 4.65 percent, on July 30, 2026, adding a quantified shareholder change alongside the merger story.

Stock stays below yearly high

Yduqs stock stood at BRL 10.86 on B3 on September 24, 2026, down 3.12 percent for the session. The price was 29.0 percent below the 52-week high of BRL 15.29 and above the 52-week low of BRL 7.02.

Yduqs investor relations lists November 12, 2026, for the release of 3Q26 results, with the presentation scheduled for November 13, 2026, according to Yduqs. That date gives the market a defined checkpoint for testing whether the first-half revenue trend and the planned leverage reduction are progressing.

Yduqs stock snapshot

• Company: Yduqs Participações S.A.
• Ticker: YDUQ3
• Trading venue: B3
• Price (as of September 24, 2026): BRL 10.86
• Market capitalization: BRL 2,843,542,815 (as of September 24, 2026)
• 52-week range: BRL 7.02-15.29 (as of September 24, 2026)
• Sector / Industry: Consumer Defensive / Education and Training Services
• Next earnings date: November 12, 2026