VINP

This article first appeared on GuruFocus. Fee-Related Earnings (FRE): BRL88.7 million, or BRL1.35 per share, with an FRE margin of 32.5%. Adjusted Distributable Earnings: BRL63.3 million, or BRL0.96 per share. Quarterly Dividend: $0.17 per common share, payable on September 9 to shareholders of record as of August 23. Assets Under Management (AUM): BRL361 billion, up 19% year-over-year and 4% quarter-over-quarter. Management Fees: BRL252 million, up 29% year-over-year. Advisory Fees: BRL9 million, down 65% year-over-year. Fee-Related Revenues: BRL272 million, up 17% year-over-year. Performance-Related Earnings (PRE): BRL4 million in the second quarter. Realized GP Investment Income: BRL90 million, supported by REIT dividends and a real estate closed-end funds realization. Investment-Related Earnings (IRE): BRL1 million, impacted by mark-to-market adjustments in real estate funds. Capital Formation and Appreciation: BRL13 billion in the quarter, with close to BRL1 billion in new commitments across SPS IV, MAV IV, Lacan IV, and VSP II. Credit AUM: Surpassed BRL42 billion, up 15% quarter-over-quarter and 40% year-over-year. BACS Acquisition: Added BRL4 billion in AUM, with an initial one-month contribution to management fees. Navi Real Estate Funds Acquisition: Expected to add approximately BRL800 million in AUM, with closing expected in the fourth quarter. Pro Forma Real Estate AUM: Approximately BRL7 billion for the second quarter of 2026. GP Commitments: Called approximately BRL56 million in the quarter, bringing total capital called to over BRL960 million, or roughly 65% of BRL1.5 billion in total commitments. Proprietary Funds on Balance Sheet: Approximately BRL890 million in long-term proprietary funds. Galeao Transaction: Expected to receive between BRL90 million and BRL100 million net of taxes, to be recognized in the second half of 2026. Warning! GuruFocus has detected 9 Warning Signs with VINP. Is VINP fairly valued? Test your thesis with our free DCF calculator. Release Date: August 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Announced agreement to acquire Navi's Real Estate funds, adding approximately BRL800 million in AUM and strengthening the multi-strategy real estate segment. Successfully closed the combination with BACS Asset Management, adding BRL4 billion in AUM and expanding distribution network in Argentina. Fee-related earnings (FRE) grew 36% year-over-year to BRL88.7 million, with FRE margin expanding 450 basis points to 32.5%. Strong fundraising pipeline for H2 2026, including COPCO, VIR5, Credit Infra, and continued commitments in VSP II, SPS IV, and Lacan IV. Reached BRL361 billion in AUM, up 19% year-over-year, driven by organic growth and acquisitions, with credit AUM up 40% year-over-year. Expecting BRL90-100 million net proceeds from Galeao airport concession, which will positively impact distributable earnings in H2 2026. Launched VCCL, first proprietary semi-liquid credit fund in Chile, securing initial commitments in July, indicating strong demand. Lacan IV has high probability of hitting its hard cap due to strong European institutional demand, including a DFI consortium. BACS acquisition expected to contribute a tailwind to FRE margins, with BACS margins around 50% and positive mix impact. GP commitments beginning to return capital, with potential to favorably impact realized IRE and recycle capital into new commitments. Advisory fees decreased 65% year-over-year due to slower deal activity and election-related uncertainty in Brazil. Realized financial income declined 63% year-over-year due to accelerated capital calls into proprietary funds, impacting distributable earnings. Net outflows in Global IP&S, driven by capital returns and rebalancing by Chilean pension funds and an underperforming external asset manager. TPD Alternative fundraising environment remains quiet, with no meaningful flows expected in Q3 due to longer capital raising periods. Elevated real interest rates and election-related fiscal uncertainty in Brazil continue to impact risk appetite and M&A activity. Strong US AI and technology IPO supply has pressured assets outside the technology sector, affecting equity inflows in Brazil. Second quarter expenses increased due to seasonal costs and severance from cost reduction initiatives, impacting FRE margin. Minority interest from Verde and BACS acquisitions will dilute distributable earnings. Navi acquisition is small and not expected to significantly move the needle, with limited impact on overall financials. Capital calls into proprietary funds reduce short-term financial income, weighing on distributable earnings in the near term. Q: Could you comment on what drove the acceleration in fee-related expenses this quarter, and what should drive the recovery in FRE margins to get to the mid-30s? Also, how much of the BRL5.7 billion in net outflow from IP&S was related to capital returns, and should this translate into future inflows? A: Bruno Zaremba, President of Finance and Operations, explained that the second quarter carries seasonal costs, including legal and consulting fees, and this year also included severance costs from cost-reduction initiatives. He reiterated the mid-30s FRE margin target for the second half, supported by the BACS consolidation tailwind. Regarding outflows, he noted that approximately one-third were due to capital returns from TPD Alternative funds. He emphasized that clients like Chilean AFPs and Mexican Afores are typically fully allocated and growing at low-to-mid teens rates, so the TPD line should remain positive over time despite quarterly fluctuations. Alessandro Horta, CEO, added that the majority of outflows came from the liquid side as investors took profits after a strong market run. Q: How should the recent acquisitions of BACS and Navi impact management fee revenues, FRE margins, and expenses? Can you quantify BACS's higher margin? A: Bruno Zaremba, President of Finance and Operations, stated that BACS contributed approximately BRL4 million in revenue in June, which serves as a good run rate. He noted that BACS's margin is closer to 50%, higher than the company average, and should provide a tailwind of around 50 basis points to consolidated margins in the second half. He also mentioned that Argentina was already 40% above budget pre-BACS. For Navi, he described it as a much smaller business with BRL750 million in AUM and fees around 1%. Since no original team members are being brought over, the margin is expected to be very high, in the 60%-70% range, though the size means it won't move the needle as much as BACS. Q: On a more qualitative view, what are the integration milestones you expect for BACS and your operation in Argentina? Also, how active is the M&A pipeline, and are you shifting focus towards organic growth? A: Alessandro Horta, CEO, described the BACS combination as highly synergistic, adding a retail/wealth management distribution channel to Vinci Compass's institutional focus in Argentina. He sees significant opportunities to introduce more sophisticated and structured products to the Argentine market. On M&A, he stated that the pipeline remains strong, with a focus on opportunities outside Brazil to reinforce local capabilities. In Brazil, they will be more opportunistic, as seen with Navi. Bruno Zaremba, President of Finance and Operations, added that the expected BRL90-100 million inflow from the Galeao transaction will increase financial flexibility for potential deals. He also highlighted that the existing platform is already generating strong organic growth, with real assets growing 40% and credit 30% year-on-year, and FRE growth of 35% without M&A. Q: Considering the rate environment, do you think the growth in credit and Global IP&S will continue? What about other lines like private equity, and how does the mix impact your margin? A: Bruno Zaremba, President of Finance and Operations, stated that credit growth is driven not only by the Brazilian rate environment but also by product momentum across Latin America, citing COPCO in Colombia as an example. He noted that private equity fundraising is in a hiatus until VCP IV is fully invested, but VIR5 is expected to have a first close in the coming weeks. He acknowledged that corporate advisory is important for margin dilution, and the first half was weak, but visibility for the second half includes low-teens million BRL in revenue. Alessandro Horta, CEO, added that COPCO in Colombia and final closings for SPS IV and Lacan IV are expected, while VIR5's first close is imminent. Q: Can you provide more detail on the drivers of the BRL13 billion in capital formation and appreciation during the quarter, and the outlook for fundraising in the second half? A: Bruno Zaremba, President of Finance and Operations, detailed that the quarter saw close to BRL1 billion in new commitments across SPS IV, MAV IV, Lacan IV, and VSP II. He highlighted strong momentum in Lacan IV, with a European DFI consortium advancing in a coordinated manner, making it highly probable the fund will hit its hard cap. He also mentioned the launch of VCCL in Chile, the first proprietary semi-liquid credit fund, which secured its first commitments in July. For the second half, he expects a strong pipeline including COPCO, VIR5, Credit Infra, and further commitments in VSP II, SPS IV, and Lacan IV. Q: What is the expected impact of the Galeao airport transaction on distributable earnings, and what is the outlook for GP commitment capital returns? A: Alessandro Horta, CEO, confirmed that Vinci Compass expects to receive between BRL90 million and BRL100 million net of taxes from the Galeao concession process, which will be recognized in the second half of 2026 and impact distributable earnings. Bruno Zaremba, President of Finance and Operations, added that they are starting to see visibility on initial capital returns from the first cycle of GP investments, with some closing funds expected to return capital this year. This will allow the balance sheet to recycle capital into new commitments and potentially impact the realized IRE line favorably. Q: Can you elaborate on the strategic rationale for the Navi Real Estate funds acquisition and its expected contribution? A: Alessandro Horta, CEO, explained that the Navi acquisition adds approximately BRL800 million in AUM, concentrated in perpetual and long-term lockup vehicles, deepening their presence in the multi-strategy real estate segment. He noted that larger funds benefit from follow-on offerings, and this transaction brings pro forma real estate AUM to approximately BRL7 billion. Bruno Zaremba, President of Finance and Operations, added that the acquisition unlocks a new fundraising channel and provides critical mass for organic growth, positioning them to scale further as REIT market conditions improve. Q: What were the main drivers of the year-over-year decline in adjusted distributable earnings, and what is the outlook for the second half? A: Sergio Passos, CFO, explained that the decline was primarily due to lower realized financial income, softer advisory and PRE contributions, even as FRE continued to grow meaningfully. He noted that capital calls into proprietary funds reduce cash positions and short-term financial income, which is a natural feature of the model. Looking ahead, he expects the second half to benefit from fundraising For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Vinci Compass Investments Ltd.? Here are five stocks we like better. Second-quarter performance improved: Fee-related earnings rose 36% year over year to BRL 88.7 million, with the margin expanding to 32.5%. Vinci Compass also declared a quarterly dividend of $0.17 per share. Assets and acquisitions supported growth: Assets under management increased 19% year over year to BRL 361 billion, helped by the BACS combination and portfolio appreciation. The planned Navi Real Estate acquisition is expected to add about BRL 800 million in AUM after closing in the fourth quarter. Management remains optimistic on the second half: The company expects BACS integration, fundraising, potential advisory recovery and a BRL 90 million–BRL 100 million after-tax Galeão-related indemnification to support results. Executives reiterated a full-year fee-related earnings margin outlook in the mid-30% range and a 38% target by 2028. Vinci Compass Investments (NASDAQ:VINP) reported second-quarter 2026 fee-related earnings of BRL 88.7 million, or BRL 1.35 per share, as management fees increased and the firm benefited from acquisitions and organic fundraising. The alternative asset manager’s fee-related earnings margin reached 32.5%, while adjusted distributable earnings were BRL 63.3 million, or BRL 0.96 per share. The company declared a quarterly dividend of $0.17 per common share, payable Sept. 9 to shareholders of record as of Aug. 23. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat Assets under management ended June at BRL 361 billion, up 19% from a year earlier and 4% sequentially, according to Chief Financial Officer Sergio Passos. Growth reflected portfolio appreciation in the Global IP&S and credit businesses and the June closing of the BACS Asset Management combination, partly offset by foreign-exchange movements and net outflows in third-party distribution operations. Management fees increased 29% year over year to BRL 252 million. Passos said the increase reflected a full-quarter contribution from the Verde acquisition, one month of BACS results, and organic growth tied to fundraising over the previous 12 months. → 3 Dividend Champion Utilities for a Market That Can't Sit Still Fee-related revenue rose 17% to BRL 272 million. Fee-related earnings increased 36% year over year to BRL 89 million, with the margin expanding by about 450 basis points from the prior-year period to roughly 33%. Passos attributed the margin expansion to acquisitions, operating leverage and cost-efficiency initiatives, though he noted that second-quarter expenses typically include seasonal legal, consulting and other third-party service costs. The company expects full-period BACS contributions beginning in the third quarter to support management-fee growth and operating leverage. → Is Wingstop's Growth Story Losing Steam? Advisory fees fell 65% year over year to BRL 9 million, reflecting both longer fundraising periods for global alternative funds and a slower corporate-advisory environment in Brazil. Management said it expects corporate advisory revenue to improve during the second half as mandates potentially close and deal activity picks up. Adjusted distributable earnings totaled BRL 63 million, or BRL 0.96 per share, bringing the first-half total to BRL 126 million. The year-over-year comparison was affected by lower realized financial income as Vinci Compass deployed capital into proprietary funds, as well as softer advisory and performance-related earnings. Chief Executive Officer Alessandro Horta said Vinci Compass completed its combination with BACS Asset Management in early June, adding BRL 4 billion of assets under management across credit and equities in Argentina. The combination adds BACS’ corporate and retail distribution network, including ties to Banco Hipotecario, to Vinci Compass’ local investment-management operations. Bruno Zaremba, president of finance and operations, said BACS contributed about BRL 4 million of revenue during June and has a margin closer to 50%, above the company average. He estimated that BACS could provide approximately a 50-basis-point tailwind to consolidated fee-related earnings margins in the second half. The company also announced an agreement to acquire the Navi Real Estate platform, a transaction expected to close in the fourth quarter. Navi operates six funds spanning multi-strategy and residential real estate, including four vehicles listed on the Brazilian stock exchange and/or CETIP. Following the expected closing, Navi would add approximately BRL 800 million of assets under management, primarily in perpetual and long-term lockup vehicles. Vinci Compass said its pro forma real estate assets under management would be about BRL 7 billion, including approximately BRL 750 million in multi-strategy real estate. Zaremba said Navi’s fees are around 1% and the business is expected to carry a fee-related earnings margin of roughly 60% to 70%, because Vinci Compass will manage the assets through its existing real estate team rather than bringing over the original team. He said the transaction is smaller than BACS and is not expected to have the same impact on companywide results. Credit assets under management surpassed BRL 42 billion, up 15% from the prior quarter and 40% from a year earlier. The increase included BRL 4 billion from BACS and BRL 2 billion from capital formation and appreciation. During the quarter, Vinci Compass raised close to BRL 550 million across SPS IV, its opportunistic capital-solutions strategy; MAV IV, its agribusiness fund; and FAI Peru, a private-credit strategy focused on factoring and trade receivables. The company said MAV IV reached its fundraising target through Brazilian intermediaries. Management also highlighted COPCO, its first Colombian private-credit strategy focused on senior secured lending. Zaremba said the firm expects a second-half closing with a few hundred million dollars in commitments. In Chile, Vinci Compass launched VCCL, a proprietary semi-liquid credit fund that received its first commitments in July. In real assets, management said Lacan IV continued to attract interest ahead of a planned year-end final close. Zaremba said there is a “high probability” the strategy will reach its hard cap, citing coordinated due diligence by a group of European development finance institutions. Private-equity fundraising is in a different phase, management said. Vinci Compass expects a first close for VIR V in the coming weeks or early in the fourth quarter, while a future VCP V launch depends on additional investment progress in VCP IV. Horta said the company called approximately BRL 56 million of capital during the quarter for its proprietary fund commitments, bringing total capital called to more than BRL 960 million, or roughly 65% of its BRL 1.5 billion in commitments. The calls reduced short-term financial income by lowering cash balances, but management described the deployment as intended to generate future management fees, carried interest and capital gains. Vinci Compass holds approximately BRL 890 million in long-term proprietary funds on its balance sheet. Management expects capital returns from some earlier investments to begin this year, potentially improving realized investment income and allowing capital to be recycled into new commitments. The company also expects to recognize BRL 90 million to BRL 100 million, net of taxes and associated expenses, during the second half from indemnification connected to the Rio de Janeiro/Galeão airport concession process. Management said the amount would affect distributable earnings. Looking ahead, executives reiterated expectations for fee-related earnings margins in the mid-30% range for the full year and said Vinci Compass remains on track toward its 38% margin target by 2028. They cited acquisition contributions, fundraising activity, potential corporate-advisory improvement and the anticipated Galeão payment as factors supporting the second-half outlook. Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services. In addition, the company financial and strategic advisory services, focusing on IPO advisory and mergers and acquisition transactions to entrepreneurs, corporate senior management teams, and boards of directors. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Vinci Compass Investments Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The acquisition of Navi's Real Estate funds deepens presence in the Multi-strategy Real Estate segment, providing necessary scale to compete for follow-on offerings in supportive markets. The combination with BACS Asset Management leverages extensive corporate and retail distribution networks to capture growth in Argentina's evolving financial system. Management attributes the 36% year-over-year growth in fee-related earnings to operating leverage, where revenue from acquisitions and organic fundraising outpaces cost growth. Elevated real interest rates in Brazil are creating attractive entry valuations for private market deployment, allowing for disciplined capital allocation with downside protection. The firm is intentionally calling capital for proprietary funds, which temporarily reduces short-term financial income but builds long-term value through future management fees and carry. Management notes that technical pressure from capital rotating into U.S. technology and AI sectors is easing, potentially benefiting the firm's Equities segment. Full-year fee-related earnings margins are expected to remain in the mid-30s range, supported by the full-period contribution of the higher-margin BACS operation. The second half of 2026 is projected to see improved revenue in Corporate Advisory as the team works through an extensive pipeline of mandates expected to close. Fundraising momentum is expected to accelerate for flagship strategies including COPCO, VIR V, and Credit Infra across the Credit and Real Assets segments. Management anticipates the beginning of a meaningful capital return cycle from GP commitments, which will allow for recycling capital into new proprietary investments. The firm expects to receive an indemnification payment of BRL 90 million to BRL 100 million related to the Galeao airport concession in the second half of 2026. The Navi acquisition will add approximately BRL 800 million in AUM, primarily in perpetual and long-term lock-up vehicles, with closing expected in Q4 2026. Outflows in the Third-Party Distribution business were partly driven by Chilean pension funds rebalancing portfolios due to regulatory limits on offshore exposure. Seasonal costs related to third-party services and one-time severance payments for cost-reduction initiatives impacted the FRE margin in the second quarter. Unrealized GP investment income was weighed down by mark-to-market adjustments in Real Estate funds during the period. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Expenses grew due to seasonal service payments and non-adjusted severance costs from productivity-focused headcount reductions. Margin recovery to the mid-30s will be driven by the BACS consolidation tailwind and improved cost dilution as revenues scale. BACS contributes approximately BRL 4 million in monthly revenue with a margin near 50%, providing a 50 basis point tailwind to consolidated margins. Navi is a smaller but high-margin incremental addition (60-70% FRE margin) as it will be managed by the existing Real Estate team without adding headcount. M&A focus remains on expanding alternative asset management capabilities outside Brazil to reinforce local market presence. The firm will be opportunistic in Brazil, acting as a consolidator during market adjustments while maintaining a primary focus on organic growth. Private Equity is in a temporary hiatus between investment cycles, with the VIR V fund expected to have a first close in the coming weeks. Corporate Advisory visibility for the second half includes low teens millions in revenue, which is critical for diluting the platform's fixed cost base.

Vinci Compass Investments (VINP) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -17.39%. A quarter ago, it was expected that this investments platform would post earnings of $0.21 per share when it actually produced earnings of $0.17, delivering a surprise of -19.05%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Vinci Compass, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $55.36 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.23%. This compares to year-ago revenues of $42.55 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Vinci Compass shares have lost about 23.2% since the beginning of the year versus the S&P 500's gain of 13.3%. While Vinci Compass has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Vinci Compass was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $57.95 million in revenues for the coming quarter and $0.90 on $229.68 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, XP Inc.A (XP), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +18.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. XP Inc.A's revenues are expected to be $976.54 million, up 24.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vinci Compass Investments Ltd. (VINP) : Free Stock Analysis Report XP Inc. (XP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RIO DE JANEIRO, Aug. 11, 2026 /PRNewswire/ -- Vinci Compass Investments Ltd. (NASDAQ: VINP) ("Vinci Compass," "the Company," "we," "us," or "our"), the controlling company of a leading alternative investments and global solutions provider in Latin America, reported today its second quarter 2026 earnings results. Vinci Compass has issued a complete earnings release and a detailed presentation in the 'Quarterly Earnings' section of the company's website at: https://ir.vincicompass.com/financials/quarterly-results/ Alessandro Horta, Chief Executive Officer, stated: "The strength and resilience of the platform we have built over many years continued to be reflected in the performance of our businesses. In the second quarter, we delivered R$89 million in Fee Related Earnings, up 36% year-over-year, and R$13 billion in capital formation and appreciation, while successfully closing our strategic combination with BACS Asset Management in Argentina. Entering the second half of 2026 from a position of strength, we remain focused on expanding our regional footprint, scaling high-growth strategies and creating long-term value for our shareholders." Dividends Vinci Compass has declared a quarterly dividend of US$0.17 per share to record holders of common stock as of August 25, 2026. This dividend will be paid on September 9, 2026. Financial Highlights Vinci Compass posted Fee Related Earnings of R$88.7 million in the second quarter of 2026, or R$1.35 per common share, and FRE Margin of 32.5%. Adjusted Distributable Earnings of R$63.3 million in the second quarter of 2026, or R$0.96 per common share. Earnings Conference Call To access the conference call please visit the Events section of the Company's website at: https://ir.vincicompass.com/news-and-events/events. For those unable to listen to the live broadcast, a replay will be available in the same section of the website. Acquisition of Navi's Real Estate Platform Vinci Compass announced today the signing of an agreement ("the Transaction") to acquire Navi's Real Estate platform with approximately R$800 million in assets under management. Navi's Real Estate platform comprises funds across multi-strategy and residential strategies, primarily concentrated in perpetual and long-term lock-up vehicles, including four REITs listed on the Brazilian stock exchange and/or the CETIP. "The transaction represents another important step in the execution of our long-term strategy to expand our investment capabilities, increase the scale of our platform and build a more diversified and resilient business," said Alessandro Horta, Chief Executive Officer of Vinci Compass. "Navi's Real Estate funds are highly complementary to our existing platform and further strengthen our presence in the Brazilian REIT market, particularly within the multi-strategy real estate segment, where Navi's funds have consistently ranked in the top decile of the industry in terms of performance and where scale, distribution and specialized investment expertise are increasingly important. Together with our broader Real Estate and Credit franchises, this acquisition enhances the range of solutions we can offer our clients and reinforces Vinci Compass' role as a consolidator of high-quality investment platforms across Latin America." The Transaction is expected to close in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions. About Vinci Compass Vinci Compass stands as the premier partner for alternative investments and global solutions in Latin America. With nearly three decades of experience and local operations from eleven offices in Latin America and the US, our expertise spans: Private Equity, Credit, Real Estate, Infrastructure, Forestry, Equities, Global Investment Products & Solutions, and Corporate Advisory. Each segment is managed by specialized teams dedicated to investment and advisory excellence. As of June 2026, Vinci Compass had R$361 billion in assets under management and advisory. Forward-Looking Statements This press release contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time. USA Media Contact Kate Thompson / Tim Ragones Joele Frank, Wilkinson Brimmer Katcher +1 (212) 355-4449 Latin America Media Contact Danthi Comunicações Carla Azevedo ([email protected]) +55 (21) 3114-0779 Investor Contact [email protected] NY: +1 (646) 559-8040 RJ: +55 (21) 2159-6240 View original content to download multimedia:https://www.prnewswire.com/news-releases/vinci-compass-reports-second-quarter-2026-earnings-results-and-announces-the-acquisition-of-navis-real-estate-platform-302848858.html

StoneX Group Inc. (SNEX) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +31.58%. A quarter ago, it was expected that this company would post earnings of $1.07 per share when it actually produced earnings of $1.38, delivering a surprise of +28.97%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. StoneX Group, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $1.47 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 11.57%. This compares to year-ago revenues of $1.02 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. StoneX Group shares have added about 77.9% since the beginning of the year versus the S&P 500's gain of 13%. While StoneX Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for StoneX Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $1.31 billion in revenues for the coming quarter and $4.00 on $5.63 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Vinci Compass Investments (VINP), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11. This investments platform is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +4.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Vinci Compass Investments' revenues are expected to be $56.05 million, up 31.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report StoneX Group Inc. (SNEX) : Free Stock Analysis Report Vinci Compass Investments Ltd. (VINP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RIO DE JANEIRO, July 10, 2026 /PRNewswire/ -- Vinci Compass Investments Ltd. (NASDAQ: VINP) ("Vinci Compass," "the Company," "we," "us," or "our"), the controlling company of a leading alternative investments and global solutions provider in Latin America, announced today that it will release financial results for the second quarter 2026 after market close on Tuesday, August 11, 2026, and host a conference call via Zoom at 5:00 pm ET. Earnings Conference Call To access the conference call please visit the Events section of the Company's website at: https://ir.vincicompass.com/news-and-events/events. For those unable to listen to the live broadcast, a replay will be available in the same section of the website. About Vinci Compass Vinci Compass stands as the premier partner for alternative investments and global solutions in Latin America. With nearly three decades of experience and local operations from eleven offices in Latin America and the US, our expertise spans: Private Equity, Credit, Real Estate, Infrastructure, Forestry, Equities, Global Investment Products & Solutions, and Corporate Advisory. Each segment is managed by specialized teams dedicated to investment and advisory excellence. As of March 2026, Vinci Compass had R$347 billion in assets under management and advisory. Forward-Looking Statements This press release contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time. USA Media Contact Kate Thompson / Tim Ragones Joele Frank, Wilkinson Brimmer Katcher +1 (212) 355-4449 Latin America Media Contact Danthi Comunicações Carla Azevedo ([email protected])+55 (21) 3114-0779 Investor Contact [email protected] NY: +1 (646) 559-8040 RJ: +55 (21) 2159-6240 View original content to download multimedia:https://www.prnewswire.com/news-releases/vinci-compass-to-announce-second-quarter-2026-results-and-host-conference-call-after-market-close-on-tuesday-august-11-2026-302823091.html

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record quarterly fee-related earnings (FRE) of BRL 96 million, driven by the full consolidation of Verde and sustained organic growth in Credit and Global IP&S segments. Strategic combination with BACS Asset Management in Argentina aims to capture rapid financial system transformation and growing demand for mutual funds and alternative investments. Integration with Verde is yielding tangible benefits, specifically through the launch of the VIVE FI-Infra product and strong cultural complementarity between teams. Private Equity segment demonstrated successful value creation with the exit of Mundo do Cabeleireiro, marking the fifth exit from the Nordeste III fund and supporting the launch of VIR V. Management attributes regional resilience to Latin America's status as a geopolitically neutral and stable region, attracting inflows as investors diversify away from U.S.-centric exposures. Identified a 'hidden asset' in the balance sheet with BRL 868 million in proprietary long-term funds that are not yet contributing to cash earnings but are expected to realize substantial value in coming years. Expects a BRL 100 million indemnification payment related to the Galeão airport concession to positively impact distributable earnings in the second half of 2026. Anticipates BRL 300 million to BRL 400 million in capital calls for IRE commitments by year-end 2026, which will temporarily reduce financial income before entering the realization cycle. Fundraising momentum is expected to accelerate for SPS IV and VIR V, with first closings for the latter anticipated in the next few quarters. Strategic focus remains on scaling private credit strategies across Chile, Colombia, Brazil, and Peru to address high demand for local-to-local and cross-border solutions. Management plans to internationalize the Corporate Advisory segment to other Latin American markets to offset current softness in the Brazilian deal environment. Corporate Advisory fees declined 35% year-over-year due to slow deal activity influenced by high interest rates and election uncertainty in Brazil. The effective tax rate is expected to shift to the low-20s (approximately 21-22%) following the full consolidation of Verde, which operates under a real tax regime. Performance-related earnings (PRE) showed seasonal normalization, as liquid funds typically recognize performance in the second and fourth quarters. AI adoption has reached a critical mass with 70% of employees using custom agents, resulting in significant productivity gains and accelerated software development timelines. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The deal is expected to be high-single-digit accretive on a local basis, though the impact on total firm-wide numbers will be small in the short term. The primary value lies in gaining access to Banco Hipotecario's extensive retail distribution network to scale alternative investment products. Recent inflows were driven by new UCITS platforms for Brazil and LatAm strategies, primarily from international LPs. Management expects local flows to return once domestic allocations recover from historical lows, supported by strong active management performance. Management expressed a lack of concern regarding election outcomes, noting that the market has already priced in current political leadership and fiscal uncertainties. The focus remains on the structural scarcity of capital in the region, which provides a favorable environment for deploying new funds regardless of political shifts. Infrastructure and private credit are the top priorities for regional expansion, with plans to roll out local-to-local products in Chile. There is significant interest from European and U.S. LPs in Latin American infrastructure, which management intends to capture through its broadening regional footprint.

This article first appeared on GuruFocus. Fee-Related Earnings (FRE): R$96.3 million or R$1.47 per share, with an FRE margin of 35.4%. Adjusted Distributable Earnings: R$62.2 million or R$0.95 per share. Quarterly Dividend: $0.17 per common share, payable on June 8th. Management Fees: R$245 million, up 25% year over year. Advisory Fees: R$16 million, a decrease of 35% compared to the first quarter of 2025. Fee-Related Revenues: R$272 million in Q1 2026, up 17% year-over-year. Performance Related Earnings (PRE): R$2 million in Q1 2026. Investment Related Earnings (IRE): R$4 million in Q1 2026. Assets Under Management (AUM): R$347 billion, representing 22% growth over the last 12 months. Capital Formation and Appreciation: R$52 billion over the last 12 months, including R$7 billion in Q1 2026. Warning! GuruFocus has detected 9 Warning Signs with VINP. Is VINP fairly valued? Test your thesis with our free DCF calculator. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Vinci Compass Investments Ltd (NASDAQ:VINP) reported a record fee-related earnings (FRE) of 96.3 million reais, with a margin of 35.4%, indicating strong financial performance. The strategic combination with Bax Asset Management positions VINP for accelerated growth in Argentina, leveraging Bax's extensive corporate and retail distribution network. Successful integration with Verge has resulted in strong cultural fit and complementarity, enhancing product offerings and client engagement. VINP's infrastructure strategy is expected to positively impact distributable earnings with an estimated 100 million reais from a concession auction outcome. The company is leveraging AI to enhance productivity and operational efficiency, with over 70% of employees using AI tools regularly. Advisory fees decreased by 35% compared to the first quarter of 2025, reflecting a slow environment for deal activity due to high interest rates and election uncertainties in Brazil. Performance-related earnings (PRE) were down 50% year-over-year, indicating volatility and challenges in realizing gains from closed-end funds. Investment-related earnings (IRE) showed an unrealized loss of 3 million reais, impacted by mark-to-market losses on unlisted REITs. The effective tax rate increased to approximately 26%, higher than the historical average, due to specific accounting gains and the consolidation of Verge. Corporate advisory segment continues to face slow pipeline development, with expectations for improvement only in the second half of 2026. Q: Can you provide more details on how the Bax deal should impact your earnings per share right away, and how can we expect the contribution to evolve over the following years? A: Bruno Zaremba, President of Finance and Operations, explained that the Bax transaction is expected to be high single-digit accretive on a local basis, but the impact on Vinci as a whole will be minimal. The focus is on medium to long-term growth through strong complementarity in products and distribution channels with Bax, a well-known retail banking institution in Argentina. Q: We saw a good improvement in equities netting flows this quarter. Could this mark a return to positive territory, or should we expect softer prints for the rest of the year? A: Bruno Zaremba noted that the improvement is due to the launch of two products on the U-Suites platform, which are starting to see inflows. The strong track record of these strategies suggests substantial fundraising potential, making them a significant growth driver for the equities platform. Q: What are your expectations for future products in Argentina, and how do you see the corporate advisory segment evolving given the current economic conditions? A: Alessandro Horta, CEO, stated that the focus in Argentina is on capturing local flows and attracting international investors for alternative investments like private credit and infrastructure. For corporate advisory, Bruno Zaremba mentioned that while the pipeline is slow due to high interest rates and elections, there is optimism for material revenue contributions in the second half of 2026. Q: As we approach elections in Brazil, what potential outcomes do you foresee, and what impact might they have? A: Alessandro Horta expressed that the outcome of the Brazilian elections is uncertain, but they are not overly concerned. A pro-market outcome could be positive, but they are prepared for various scenarios. The elections could present opportunities for the country, but the market's reaction remains unpredictable. Q: What regions and products are you excited about beyond Argentina, and what areas might be targets for M&A? A: Alessandro Horta highlighted private credit and infrastructure as key growth areas across Latin America, particularly in Colombia and Mexico. Bruno Zaremba added that there is strong interest from global LPs in Latin American infrastructure, and they are preparing to roll out local-to-local products in Chile. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Vinci Compass Investments Ltd.? Here are five stocks we like better. Vinci Compass posted record first-quarter 2026 fee-related earnings of BRL 96.3 million, up 47% year over year, with FRE margin expanding to 35.4%. The company also declared a quarterly dividend of $0.17 per share. Assets under management rose to BRL 347 billion, driven by capital formation, portfolio appreciation and the Verde consolidation. Management also highlighted strong growth in credit and Global IP&S, plus ongoing expansion in Latin America. Strategic deals and product launches are central to the outlook, including the BACS Asset Management combination in Argentina and the continued integration of Verde. Executives said these moves should strengthen distribution, support medium-term growth, and help boost key platforms like equities and private credit. Vinci Compass Investments (NASDAQ:VINP) reported record fee-related earnings for the first quarter of 2026, with management highlighting growth in assets under management, contributions from the Verde consolidation and continued expansion across Latin America. Investor Relations Manager Anna Castro said the firm generated fee-related earnings, or FRE, of BRL 96.3 million, equal to BRL 1.47 per share, with an FRE margin of 35.4%. Adjusted distributable earnings totaled BRL 62.2 million, or BRL 0.95 per share. The company declared a quarterly dividend of $0.17 per common share, payable June 8 to shareholders of record as of May 25. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum Chief Executive Officer Alessandro Horta said the quarter showed “the power of our platform,” particularly in FRE, which he described as the core of the business. He said distributable earnings can still be volatile from quarter to quarter due to performance-related earnings and investment-related earnings. Horta said Vinci Compass is making progress on strategic priorities outlined at its Investor Day, including expanding in key Latin American markets and strengthening local distribution. He highlighted the April announcement of a strategic combination with BACS Asset Management in Argentina, which he said would combine Vinci Compass’ local asset management practice with BACS’ corporate and retail distribution network. → MercadoLibre Boldly Invests in Growth: Discount Deepens Horta described Argentina as “one of the most attractive growth opportunities for asset management in the region,” citing demand for mutual funds, money market products, dollar-based strategies and alternative investments. President of Finance and Operations Bruno Zaremba later said in the question-and-answer session that the BACS transaction is expected to be “high single-digit accretive on a local basis,” though its impact on Vinci Compass as a whole should be small in the near term. He said the opportunity is more meaningful over the medium and long term because of product and distribution complementarity. The company also discussed the integration of Verde, which Horta said is progressing well. He said the first jointly launched product, Vinci Verde Infra, is gaining traction and receiving encouraging feedback from the local investment community. → 3 Ways to Target the Resources Powering AI and Data Centers Zaremba said Vinci Compass ended the first quarter with BRL 347 billion in assets under management. Excluding foreign exchange impacts, AUM increased 22% over the last 12 months and 2% sequentially. In U.S. dollars, AUM reached $66 billion, up 25% year over year and 3% quarter over quarter. Over the last 12 months, Vinci Compass generated BRL 52 billion in capital formation and appreciation, including BRL 7 billion in the first quarter. Zaremba said the expansion reflected capital formation across Global IP&S, credit and real assets, as well as portfolio appreciation and the Verde acquisition. In Global IP&S, Zaremba said the company remained the largest third-party distributor of offshore mutual funds to Chilean pension funds. He said inflows into TPD liquid and TPD alternative strategies, particularly Asian funds, reflected investor diversification away from U.S.-centric allocations. He also cited early signs of stabilization in multi-strategy after several quarters of outflows. Credit AUM reached BRL 37 billion, supported by BRL 2 billion in capital formation and appreciation during the quarter. Zaremba said the company continued to advance local-to-local and cross-border strategies, with demand for the co-managed credit fund with Verde and interest in Brazilian infrastructure credit. Chief Financial Officer Sergio Passos said management fees totaled BRL 245 million in the first quarter, up 25% from the prior year, driven mainly by the full-quarter contribution from Verde and organic growth in credit and Global IP&S. Advisory fees declined 35% year over year to BRL 16 million, which Passos attributed to a low deal-activity environment, high interest rates and election uncertainty in Brazil. Fee-related revenues reached BRL 272 million in the quarter, up 17% year over year, and BRL 990 million over the last 12 months, up 44%. Passos said FRE of BRL 96 million was a quarterly record and rose 47% year over year on a nominal basis. FRE per share increased 42%. The FRE margin expanded to 35.4%, helped by Verde’s full-quarter contribution, revenue growth operating leverage and cost efficiency measures. Passos cautioned that margins may fluctuate in future quarters due to seasonal costs such as auditor fees. Performance-related earnings were BRL 2 million in the quarter, mainly in equities and Global IP&S. Investment-related earnings were BRL 4 million, including BRL 6 million realized and an unrealized loss of BRL 3 million tied to mark-to-market impacts on unlisted REITs. Horta said Vinci Compass expects to receive approximately BRL 100 million, net of taxes and associated expenses, from an indemnification-related amount tied to a holding company that had an interest in the concessionaire of Rio de Janeiro International Airport, Galeão. He said the amount is expected to positively affect distributable earnings in the third or fourth quarter of 2026. In private equity, Horta pointed to the completed exit of portfolio company Mundo do Cabeleireiro from the Nordeste III Fund within the VIR strategy. He said it was the fifth exit among six investments from Nordeste III and supports the fundraising effort for VIR V, which was recently launched and is expected to have a first closing in the next few quarters. Zaremba also discussed the company’s use of artificial intelligence, saying more than 70% of employees now use AI on a daily or weekly basis and that teams have created more than 170 custom AI agents. He said Vinci Compass has deployed seven enterprise-grade AI platforms and developed a unified data platform called Data Lab to centralize analytics across business units and many portfolio companies. During the Q&A, executives said equity inflows were helped by new UCITS products for Brazil and Latin America launched late last year. Zaremba said these funds are expected to be a key growth driver for the equities platform, while Horta said flows so far have been mainly international rather than local. Asked about Brazil’s election outlook, Horta said the company is “not really very worried” about the outcome, though he said a more pro-market result could be positive for markets. Executives also said they see continued opportunities in private credit and infrastructure across Latin America, including local-to-local products in markets such as Chile, Colombia and Mexico. On taxes, Zaremba said Vinci Compass’ normalized effective tax rate, previously around 17% to 18%, is expected to move to roughly 21% to 22% going forward, mainly due to the consolidation of Verde. Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services. In addition, the company financial and strategic advisory services, focusing on IPO advisory and mergers and acquisition transactions to entrepreneurs, corporate senior management teams, and boards of directors. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Vinci Compass Investments Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.