Vinci Compass Investments Ltd 6-K, filed Aug 12, 2025

Vinci Compass Investments Ltd. (VINP)

6-K 2025-08-12 For: 2025-08-12

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Added on April 07, 2026

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Vinci Compass Investments Ltd filed this 6-K on August 12, 2025.

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EXHIBIT
99.1	Press release dated August 12, 2025 – Vinci Compass Reports Second Quarter 2025 Results
99.2	Vinci Compass Second Quarter 2025 Earnings Release
99.3	Vinci Compass Second Quarter 2025 Earnings Presentation
99.4	Vinci Compass Investments Ltd. Interim Consolidated Financial Statements as of June 30, 2025 and For the Six Months Ended June 30, 2025 and 2024

Vinci Compass Investments Ltd.


By:	/s/ Sergio Passos Ribeiro
	Name:	Sergio Passos Ribeiro
	Title:	Chief Financial Officer

(R$ thousands, unless mentioned)	2Q'24	1Q'25	2Q'25	∆ YoY(%)	2Q'24 YTD	2Q'25 YTD	∆ YoY(%)
Net revenue from management fees	114,134	195,529	195,569	71%	210,589	391,098	86%
Net revenue from advisory fees	11,481	24,853	26,220	128%	21,840	51,073	134%
Other revenues	–	11,262	10,944	N/A	–	22,206	N/A
Total Fee Related Revenuesⁱ	125,615	231,644	232,733	85%	232,429	464,377	100%
Segment personnel expenses	(7,556)	(20,125)	(20,682)	174%	(14,893)	(40,807)	174%
Other G&A expenses	(6,535)	(15,431)	(17,423)	167%	(12,030)	(32,854)	173%
Placement fee amortization and rebates	(490)	(21,015)	(17,792)	3,531%	(991)	(38,807)	3,816%
Corporate center expenses	(25,750)	(77,652)	(78,484)	205%	(46,837)	(156,136)	233%
Bonus compensation related to management and advisory	(23,380)	(31,744)	(33,127)	42%	(42,128)	(64,871)	54%
Total Fee Related Expenses	(63,711)	(165,967)	(167,509)	163%	(116,879)	(333,476)	185%
FEE RELATED EARNINGS (FRE)ⁱⁱ	61,904	65,677	65,224	5%	115,550	130,901	13%
FRE Marginⁱⁱⁱ (%)	49.3%	28.4%	28.0%		49.7%	28.2%
FRE per share^iv (R$/share)	1.16	1.04	1.03	(11)%	2.17	2.07	(5)%
Net revenue from performance fees	5,613	3,077	8,342	49%	7,886	11,419	45%
Performance based compensation	(2,503)	(1,350)	(3,683)	47%	(3,512)	(5,033)	43%
PERFORMANCE RELATED EARNINGS (PRE)^v	3,110	1,727	4,660	50%	4,374	6,387	46%
PRE Margin^vi (%)	55.4%	56.1%	55.9%		55.5%	55.9%
(-) Unrealized performance fees	3,483	–	8,711	150%	3,483	8,711	150%
(+) Unrealized performance compensation	(1,233)	–	(3,083)	150%	(1,233)	(3,083)	150%
(+) Realized GP investment income	12,379	4,285	13,576	10%	16,785	17,861	6%
SEGMENT DISTRIBUTABLE EARNINGS^vii	79,643	71,689	89,088	12%	138,959	160,777	16%
Segment DE Margin (%)	54.1%	30.0%	33.8%		53.3%	32.0%
(+) Depreciation and amortization	1,873	3,361	2,779	48%	3,764	6,140	63%
(+) Realized financial income	11,421	14,423	21,804	91%	23,783	36,227	52%
(-) Leasing expenses	(2,076)	(3,758)	(3,722)	79%	(4,292)	(7,480)	74%
(-) Other items^viii	(17,517)	(14,004)	(20,758)	19%	(26,753)	(34,762)	30%
(-) Non-operational expenses^ix	(11,674)	(255)	(618)	(95)%	(13,007)	(873)	(93)%
(-) Income taxes (excluding related to unrealized fees and income)	(14,872)	(9,378)	(13,236)	(11)%	(27,359)	(22,614)	(17)%
DISTRIBUTABLE EARNINGS (DE)^x	46,797	62,078	75,337	61%	95,094	137,415	45%
DE Margin^xi (%)	29.5%	24.5%	26.4%		33.4%	25.5%
DE per share (R$/share)	0.88	0.98	1.19	36%	1.79	2.17	22%
(+) Nonrecurring expenses (including Income Tax effect)	11,604	228	422	(96)%	12,912	650	(95)%
ADJUSTED DISTRIBUTABLE EARNINGS^xii	58,401	62,306	75,759	30%	108,006	138,065	28%
Adjusted DE Margin^xiii (%)	36.8%	24.6%	26.6%		38.0%	25.6%
Adjusted DE per share^xiv (R$/share)	1.10	0.98	1.20	9%	2.03	2.18	8%

(R$ thousands, unless mentioned)	2Q'24	1Q'25	2Q'25	∆ YoY (%)	2Q'24 YTD	2Q'25 YTD	∆ YoY (%)
Net revenue from management fees	19,134	65,625	59,691	212%	39,106	125,316	220%
Net revenue from advisory fees	524	22,547	17,527	3,245%	532	40,074	7,433%
Other revenues	–	11,085	10,748	N/A	–	21,833	N/A
Total Fee Related Revenues	19,659	99,257	87,966	347%	39,639	187,223	372%
Segment personnel expenses	(2,188)	(6,299)	(5,841)	167%	(4,376)	(12,140)	177%
Other G&A expenses	(2,881)	(7,043)	(8,383)	191%	(5,508)	(15,426)	180%
Placement fee amortization and rebates	–	(9,438)	(9,683)	N/A	–	(19,122)	N/A
Corporate center expenses	(4,777)	(42,022)	(39,995)	737%	(8,958)	(82,017)	816%
Bonus compensation related to management and advisory	(6,255)	(13,419)	(11,598)	85%	(11,009)	(25,017)	127%
Total Fee Related Expenses	(16,101)	(78,221)	(75,501)	369%	(29,851)	(153,722)	415%
FEE RELATED EARNINGS (FRE)	3,557	21,035	12,466	250%	9,787	33,501	242%
FRE Margin (%)	18.1%	21.2%	14.2%		24.7%	17.9%
Net revenue from performance fees	214	1,295	536	150%	223	1,830	721%
Realized performance fees	214	1,295	536	150%	223	1,830	721%
Unrealized performance fees	–	–	–	N/A	–	–	N/A
Performance based compensation	(107)	(562)	(265)	148%	(111)	(828)	645%
PERFORMANCE RELATED EARNINGS (PRE)	107	732	270	153%	112	1,003	795%
PRE Margin (%)	50.0%	56.6%	50.5%		50.2%	54.8%
(-) Unrealized performance fees	–	–	–	N/A	–	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	–	–	N/A
(+) Realized GP investment income	169	296	397	135%	227	692	205%
SEGMENT DISTRIBUTABLE EARNINGS	3,834	22,063	13,133	243%	10,127	35,196	248%
Segment DE Margin (%)	19.1%	21.9%	14.8%		25.3%	18.5%

FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions)	24,845	230,551	228,773	821%	24,845	228,773	821%
AVERAGE FEE RATE (%)	0.33%	0.13%	0.13%		0.34%	0.13%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions) EX-UPFRONTS⁴	24,845	180,855	182,317	634%	24,845	182,317	634%
AVERAGE FEE RATE (%) EX-UPFRONTS	0.33%	0.17%	0.16%		0.34%	0.16%

(R$ thousands, unless mentioned)	2Q'24	1Q'25	2Q'25	∆ YoY (%)	2Q'24 YTD	2Q'25 YTD	∆ YoY (%)
Net revenue from management fees	14,483	52,818	54,518	276%	27,666	107,336	288%
Net revenue from advisory fees	–	–	–	N/A	280	–	(100)%
Other revenues	–	–	–	N/A	–	–	N/A
Total Fee Related Revenues	14,483	52,818	54,518	276%	27,945	107,336	284%
Segment personnel expenses	(1,310)	(6,851)	(6,928)	429%	(2,673)	(13,779)	415%
Other G&A expenses	(688)	(2,561)	(3,191)	364%	(1,452)	(5,752)	296%
Placement fee amortization and rebates	–	(8,065)	(7,525)	N/A	–	(15,590)	N/A
Corporate center expenses	(3,609)	(17,123)	(17,207)	377%	(6,337)	(34,330)	442%
Bonus compensation related to management and advisory	(3,049)	(8,017)	(8,196)	169%	(5,545)	(16,213)	192%
Total Fee Related Expenses	(8,655)	(42,617)	(43,047)	397%	(16,007)	(85,664)	435%
FEE RELATED EARNINGS (FRE)	5,828	10,202	11,471	97%	11,939	21,673	82%
FRE Margin (%)	40.2%	19.3%	21.0%		42.7%	20.2%
Net revenue from performance fees	3,405	16	4,507	32%	3,412	4,522	33%
Realized performance fees	3,405	16	4,507	32%	3,412	4,522	33%
Unrealized performance fees	–	–	–	N/A	–	–	N/A
Performance based compensation	(1,508)	(2)	(1,959)	30%	(1,512)	(1,961)	30%
PERFORMANCE RELATED EARNINGS (PRE)	1,898	13	2,548	34%	1,902	2,561	35%
PRE Margin (%)	55.7%	86.6%	56.5%		55.7%	56.6%
(-) Unrealized performance fees	–	–	–	N/A	–	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	–	–	N/A
(+) Realized GP investment income	2,340	1,477	1,816	(22)%	3,982	3,292	(17)%
SEGMENT DISTRIBUTABLE EARNINGS	10,066	11,692	15,835	57%	17,823	27,527	54%
Segment DE Margin (%)	49.8%	21.5%	26.0%		50.4%	23.9%

FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM)	8,311	28,764	29,908	260%	8,311	29,908	260%
AVERAGE MANAGEMENT FEE RATE (%)	0.75%	0.76%	0.76%		0.75%	0.76%

	For the Three Months Ended June 30, 2025
In R$ millions	Global IP&S	Credit	Private Equity	Equities	Real Assets	Total
Beginning balance	231,924	29,389	16,481	14,793	11,965	304,552
(+/-) Capital Subscription / (capital return)	(2)	121	(161)	–	23	(18)
(+) Capital Subscription	0	206	–	–	237	443
(-) Capital Return	(2)	(84)	(161)	–	(214)	(461)
(+) Acquisitions	–	–	–	–	–	–
(+/-) Net Inflow / (outflow)	2,276	1,442	–	(505)	(17)	3,196
(+/-) FX Variation	(10,421)	(945)	(131)	(236)	(60)	(11,793)
(+/-) Appreciation / (depreciation)	6,377	451	(420)	1,500	213	8,120
Ending balance	230,155	30,459	15,769	15,552	12,123	304,057

	For the Twelve Months Ended June 30, 2025
In R$ millions	Global IP&S	Credit	Private Equity	Equities	Real Assets	Total
Beginning balance	25,057	8,499	15,524	9,463	10,669	69,212
(+/-) Capital Subscription / (capital return)	(10)	2,058	228	–	(277)	2,000
(+) Capital Subscription	0	2,595	463	–	349	3,407
(-) Capital Return	(10)	(537)	(235)	–	(626)	(1,408)
(+) Acquisitions	216,007	18,780	–	4,355	2,006	241,147
(+/-) Net Inflow / (outflow)	(8,171)	577	–	(191)	(35)	(7,819)
(+/-) FX Variation	(11,618)	(995)	(61)	(241)	(23)	(12,938)
(+/-) Appreciation / (depreciation)	8,890	1,539	77	2,166	(216)	12,456
Ending balance	230,155	30,459	15,769	15,552	12,123	304,057

Fund	Segment	NAV^xxv (R$ millions)	2Q'25	YTD	12 M	24 M	Market Comparison	Index Rate
Vinci Total Return	Equities	246.0	17.0%	22.6%	15.3%	19.0%	IPCA + Yield IMA-B	IPCA + Yield IMA-B
Mosaico Strategy	Equities	847.6	11.1%	19.3%	10.3%	14.0%	IBOV	IBOV
Vinci Gas Dividendos FIA	Equities	338.1	9.1%	17.5%	13.6%	18.2%	IBOV	IBOV
Compass CRECE+	Equities	170.5	11.9%	19.8%	25.4%	23.7%	S&P/BMV IPC	N/A
Compass Crecimiento	Equities	348.2	(17.0)%	(22.5)%	23.2%	351.6%	S&P MERVAL	N/A
Compass Small Cap Chile	Equities	1,479.8	7.9%	30.3%	23.6%	40.4%	N/A	N/A
Vinci Crédito Imobiliário II	Credit	721.9	4.7%	8.4%	10.3%	15.9%	IPCA	IPCA + 6%
Vinci Energia Sustentável	Credit	543.1	4.0%	7.4%	8.6%	16.9%	IPCA	IPCA + 6%
Vinci Crédito Multiestratégia	Credit	323.3	4.4%	8.4%	12.6%	24.8%	CDI	IPCA + 5%
Compass Latam Corporate Debt Fund	Credit	4,301.0	1.9%	4.9%	9.1%	20.6%	CEMBI Broad Div	N/A
Compass Latam High Yield USD	Credit	1,773.8	1.4%	4.0%	9.8%	24.5%	CEMBI Broad Div HY	N/A
Compass I+LIQG	Credit	1,933.1	2.3%	4.8%	10.7%	23.8%	PIP Cetes 28D	N/A
Compass Credit Selection	Credit	820.5	3.6%	7.1%	12.8%	29.4%	CDI	N/A
Compass Yield 30	Credit	2,032.8	3.5%	7.2%	13.2%	31.1%	CDI	CDI
Compass Deuda Plus	Credit	438.0	1.5%	4.1%	10.5%	17.7%	N/A	N/A
Compass Renta Fija-B	Credit	753.8	1.3%	3.1%	4.9%	9.2%	CEMBI Broad Div	N/A
Vinci Multiestratégia FIM	Global IP&S	99.2	2.8%	5.7%	10.7%	20.4%	CDI	CDI
Atlas Strategy	Global IP&S	212.5	2.7%	4.4%	12.1%	18.0%	CDI	CDI
Vinci Valorem FIM	Global IP&S	839.9	2.4%	4.4%	8.7%	16.4%	IMA-B	IMA-B
Equilibrio Strategy	Global IP&S	887.0	1.4%	2.8%	6.4%	13.1%	IPCA	N/A
Vinci Retorno Real FIM	Global IP&S	85.9	(0.2)%	1.5%	4.4%	10.2%	IMA-B	IMA-B
VISC11	Real Assets (listed REIT)	2,987.8	2.5%	12.0%	(2.2)%	5.6%	IFIX	IPCA + 6%
VILG11	Real Assets (listed REIT)	1,287.2	5.6%	20.9%	13.0%	(8.1)%	IFIX	IPCA + 6%
VINO11	Real Assets (listed REIT)	417.9	(0.6)%	9.2%	(17.8)%	(33.1)%	IFIX	IPCA + 6%
VIUR11	Real Assets (listed REIT)	154.7	11.4%	3.8%	(0.8)%	(12.4)%	IFIX	IPCA + 6%
VCRI11	Real Assets (listed REIT)	132.6	9.1%	20.1%	0.1%	13.9%	IFIX	IPCA + X%
VICA11	Real Assets (REIT)	387.9	1.1%	2.3%	3.1%	3.6%	IFIX	CDI + 1%
VINCI FOF IMOBILIARIO FIM CP	Real Assets (REIT)	48.7	4.5%	9.1%	6.3%	-	IFIX	IFIX
VIGT11	Real Assets (listed REIT)	314.9	(0.6)%	27.1%	(42.3)%	(42.8)%	N/A	N/A

Benchmark	2Q'25	YTD	12 M	24 M
CDI^xxvi	3.3%	6.4%	12.1%	25.2%
IMA-B 5^xxvii	2.8%	6.0%	9.0%	17.9%
IPCA^xxviii	0.9%	3.0%	5.4%	9.8%
IFIX^xxix	5.2%	11.8%	4.1%	10.4%
IPCA + Yield IMA-B	2.9%	6.8%	12.7%	24.2%
IBOV^xxx	6.6%	15.4%	12.1%	17.6%
S&P/BMV IPC^xxxi	11.6%	18.6%	13.6%	14.9%
S&P MERVAL^xxxii	(14.7)%	(21.3)%	23.7%	362.4%
CEMBI Broad Div^xxxiii	1.6%	4.3%	8.5%	20.6%
CEMBI Broad Div HY^xxxiv	1.4%	3.9%	9.2%	25.1%
PIP Cetes 28D^xxxv	2.2%	4.7%	10.3%	23.2%

Fund	Segment	Vintage year	Committed Capital (R$mm)	Invested Capital (R$mm)	Realized or Partially Realized (R$mm)	Unrealized (R$mm)	Total Value (R$mm	Gross MOIC^xxxvii (BRL)	Gross MOIC (USD)	Gross IRR^xxxviii (BRL)	Gross IRR (USD)
Fund 1	Private Equity	2004	1,415	1,206	5,131	79	5,210	4.3x	4.0x	71.5%	77.2%
VCP II	Private Equity	2011	2,200	2,063	1,865	2,046	3,910	1.9x	1.0x	8.7%	-0.4%
VCP III	Private Equity	2018	4,000¹³	2,501	287	5,174	5,461	2.1x	2.1x	25.5%	24.0%
VCP IV	Private Equity	2022	3,879¹³	793	–	1,027	1,027	1.2x	1.2x	NM	NM
VCP Strategy^xxxix	Private Equity		9,526	6,563	7,282	8,326	15,608	2.3x	2.1x	64.6%	70.2%
NE Empreendedor^xl	Private Equity	2003	36	13	26	–	26	2.1x	2.6x	22.0%	30.5%
Nordeste III	Private Equity	2017	240	135	98	223	321	2.4x	1.8x	21.7%	14.2%
VIR IV	Private Equity	2020	1,000	728	167	757	923	1.4x	1.3x	21.5%	19.4%
VIR Strategy^xli	Private Equity		1,276	875	291	980	1,271	1.5x	1.5x	21.8%	26.2%
SPS I	Credit	2018	128	206	311	51	362	2.3x	1.8x	24.9%	18.3%
SPS II	Credit	2020	671	1,062	1,088	583	1,670	2.2x	2.2x	22.7%	22.7%
SPS III	Credit	2021	1,071	1,504	646	1,369	2,015	2.4x	2.3x	24.7%	22.2%
SPS IV	Credit	2025	1,073	63	–	63	63	NM	NM	NM	NM
SPS Strategy^xlii	Credit		2,943	2,835	2,045	2,066	4,111	2.3x	2.2x	23.7%	21.8%
MAV I	Credit	2022	165	165	152	87	239	1.4x	1.4x	18.8%	20.1%
MAV II	Credit	2023	205	205	36	207	243	1.2x	1.3x	18.5%	11.2%
MAV III	Credit	2025	220	60	2	63	65	NM	NM	NM	NM
MAV Strategy^xliii	Credit		590	431	190	356	547	1.3x	1.3x	18.6%	15.2%
Lacan Florestal I	Real Assets	2012	253	253	255	323	579	2.3x	1.3x	11.4%	2.8%
Lacan Florestal II	Real Assets	2016	356	356	125	593	718	2.0x	1.5x	12.5%	6.9%
Lacan Florestal III	Real Assets	2020	501	390	–	530	530	1.4x	1.3x	12.5%	9.3%
Lacan Florestal IV	Real Assets	2023	172	109	–	126	126	1.2x	1.2x	20.4%	21.3%
Lacan Strategy^xliv	Real Assets		1,281	1,108	380	1,572	1,952	1.8x	1.3x	12.0%	5.2%
FIP Transmissão^xlv	Real Assets	2017	211	104	289	90	379	3.7x	2.7x	56.6%	40.7%
VIAS^xlvi	Real Assets	2021	386	350	–	512	512	1.5x	1.3x	18.1%	12.9%
VICC^xlvii	Real Assets	2022	1,784	151	–	151	151	1.0x	1.0x	NM	NM
VFDL^xlviii	Real Assets	2021	422	331	16	373	389	1.2x	1.1x	9.6%	6.8%
Vinci Credit Infra^xlix	Credit	2022	1,848	1,250	42	1,351	1,393	1.2x	1.2x	NM	NM

($ in thousands)	3Q'23	4Q'23	1Q'24	2Q'24	3Q'24	4Q'24	1Q'25	2Q'25
Adjusted Distributable Earnings (R$)	51,820	63,641	49,605	58,401	57,104	73,946	62,306	75,760
Adjusted Distributable Earnings (US$)^l	10,647	12,829	9,801	10,331	9,872	12,804	11,027	13,964
Adjusted DE per Common Share (US$)^li	0.20	0.24	0.18	0.19	0.19	0.20	0.17	0.22
Actual Dividend per Common Share^lii	0.17	0.20	0.17	0.17	0.16	0.15	0.15	0.15

VINP Shares	3Q'23	4Q'23	1Q'24	2Q'24	3Q'24	4Q'24	1Q'25	2Q'25
Shares Repurchased
# of Shares	705,518	93,249	533,981	220,135	374,834	607,643	683,148	173,762
Average Cost (US$/share)	10.14	10.50	10.64	10.82	10.38	10.28	10.07	9.47
Capital Deployed (US$)	7,150,845	979,137	5,681,558	2,382,251	3,890,849	6,246,577	6,879,698	1,645,210
Class B	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239
Class A^liii	39,405,827	39,312,578	38,778,597	38,779,209	38,404,375	49,580,116	48,896,968	48,778,420
Common Shares	53,872,066	53,778,817	53,244,836	53,245,448	52,870,614	64,046,355	63,363,207	63,244,659

Assets	3/31/2025	6/30/2025
Current assets
Cash and cash equivalents	163,782	189,190
Cash and bank deposits	126,844	100,449
Financial instruments at fair value through profit or loss	36,938	58,148
Financial instruments at amortized cost	-	30,593
Financial instruments at fair value through profit or loss	1,488,809	1,449,809
Trade receivables	162,569	189,754
Sub-leases receivable	1,770	645
Taxes recoverable	11,200	11,614
Other assets	66,398	57,596
Total current assets	1,894,528	1,898,608

Non-current assets
Financial instruments at fair value through profit or loss	127,710	135,644
Financial instruments at amortized cost	6,334	6,036
Trade receivables	15,603	6,024
Sub-leases receivable	3,910	3,749
Taxes recoverable	3,969	3,887
Deferred taxes	29,889	29,254
Other receivables	40,287	39,323
	227,702	223,917

Investments accounted for using the equity method	53,781	55,455
Property and equipment	60,279	65,274
Right of use - Leases	135,768	126,571
Intangible assets	1,054,859	1,052,105
Total non-current assets	1,532,389	1,523,322

Total Assets	3,426,917	3,421,930

Liabilities and equity	3/31/2025	6/30/2025
Current liabilities
Trade payables	12,290	9,366
Financial instruments at fair value through profit or loss	11,786	16,106
Deferred Revenue	15,514	–
Leases	35,031	31,804
Accounts payable	36,792	35,231
Labor and social security obligations	62,645	100,640
Loans and Financing	27,632	25,786
Taxes and contributions payable	26,264	23,255
Total current liabilities	227,954	242,188

Non-current liabilities
Leases	116,025	110,631
Labor and social security obligations	8,658	6,319
Loans and Financing	763,298	722,617
Deferred taxes	5,237	2,839
Retirement plans liabilities	416,135	454,387
	1,309,353	1,296,793

Total liabilities	1,537,307	1,538,981

Equity
Share capital	18	18
Additional paid-in capital	2,097,712	2,094,601
Treasury shares	(300,082)	(306,608)
Retained Earnings	87,214	101,177
Other reserves	5,717	(4,443)
	1,890,579	1,884,745

Non-controlling interests in the equity of subsidiaries	(969)	(1,796)

Total equity	1,889,610	1,882,949

Total liabilities and equity	3,426,917	3,421,930

Assets	Note	06/30/2025	12/31/2024

Current assets
Cash and cash equivalents	5(c)	189,190	223,302
Cash and bank deposits	5(c)	100,449	99,156
Financial instruments at fair value through profit or loss	5(c)	58,148	120,492
Financial instruments at amortized cost	5(c)	30,593	3,654
Financial instruments at fair value through profit or loss	5(d)	1,449,809	1,531,036
Accounts receivable	5(a)	189,754	227,951
Sub-leases receivable	11	645	1,758
Recoverable taxes		11,614	22,137
Other assets	7	57,596	55,273
Total current assets		1,898,608	2,061,457

Non-current assets
Financial instruments at fair value through profit or loss	5(d)	135,644	140,824
Financial instruments at amortized cost	6	6,036	6,991
Accounts receivable	5(a)	6,024	15,901
Sub-leases receivable	11	3,749	4,081
Recoverable taxes		3,887	704
Deferred taxes	21	29,254	31,346
Other assets	7	39,323	49,468
		223,917	249,315

Investments accounted for using the equity method	8(b)	55,455	55,081
Property and equipment	9	65,274	59,132
Right of use – Leases	11	126,571	102,117
Intangible assets	10	1,052,105	1,057,949
Total non-current assets		1,523,322	1,523,594

Total assets		3,421,930	3,585,051

		Six months ended June 30		Three months ended June 30
Statements of Income	Note	2025	2024	2025	2024


Net revenue from services rendered	18	475,796	240,315	241,075	131,228

General and administrative expenses	19	(357,720)	(145,206)	(182,275)	(83,548)

Operating profit		118,076	95,109	58,800	47,680

Finance income	20	88,959	54,842	51,361	22,231
Finance expenses	20	(54,765)	(53,833)	(27,380)	(29,885)

Finance income/(expenses), net		34,194	1,009	23,981	(7,654)

Equity gain/(loss)	8	(6,197)	-	(3,996)	-

Profit before income taxes		146,073	96,118	78,785	40,026

Income taxes	21	(23,372)	(22,063)	(12,012)	(11,679)

Profit for the period		122,701	74,055	66,773	28,347

Attributable to the shareholders of the parent company		124,132	75,076	67,600	28,919
Attributable to non-controlling interests		(1,431)	(1,021)	(827)	(572)

Basic earnings per share in Brazilian Reais	17 (f)	1.96	1.40	1.06	0.54
Diluted earnings per share in Brazilian Reais	17 (f)	1.91	1.33	1.03	0.51

	Share	Additional	Retained	Other	Treasury		Non-controlling	Total
	capital	Paid-in capital	earnings	reserves	shares	Total	interests	equity


At January 01, 2024	15	1,408,438	111,444	31,876	(172,863)	1,378,910	1,864	1,380,774

Profit for the year	-	-	75,076	-	-	75,076	(1,021)	74,055
Other comprehensive income:
Foreign exchange variation of investee located abroad	-	-	-	5,146	-	5,146	-	5,146
Share based payments	-	(2,735)	-	7,418	2,735	7,418	-	7,418
Treasury shares bought, net of shares sold	-	(144)	-	-	(31,620)	(31,764)	-	(31,764)
Allocation of profit:
Dividends	-	-	(99,335)	-	-	(99,335)	-	(99,335)


At June 30, 2024	15	1,405,559	87,185	44,440	(201,748)	1,335,451	843	1,336,294

At January 01, 2025	18	2,097,712	30,682	73,769	(259,773)	1,942,408	(365)	1,942,043

Profit for the year	-	-	124,132	-	-	124,132	(1,431)	122,701
Other comprehensive income:
Foreign exchange variation of investee located abroad	-	-	-	(33,331)	-	(33,331)	-	(33,331)
Share based payments	-	(3,111)	-	10,131	3,111	10,131	-	10,131
Treasury shares bought, net of shares sold	-	-	-	-	(49,946)	(49,946)	-	(49,946)
Allocation of profit:
Dividends	-	-	(53,637)	(55,012)	-	(108,649)	-	(108,649)

At June 30, 2025	18	2,094,601	101,177	(4,443)	(306,608)	1,884,745	(1,796)	1,882,949

	Notes	06/30/2025	06/30/2024
Cash flows from operating activities

Profit before taxation		146,073	96,118
Adjustments to reconcile net income to cash flows from operations:
Depreciation and amortization	19	28,514	11,054
Investment income and exchange variation of financial instruments at fair value through profit or loss		23,325	(41,192)
Net foreign exchange on liabilities at amortized cost	15(i)	(74,133)	72,530
Interest expense on loans and obligations	20	31,541	30,425
Loss/(gain) on remeasurement of contingent consideration	20	(22,478)	11,619
Share based payments	19	11,997	11,808
Financial result on lease agreements	20	7,369	3,962
Equity gains/(losses)	8(b)	6,197	-
Other adjustments		(233)	-
		158,172	196,324
Changes in assets and liabilities
Accounts receivables		48,074	32,568
Taxes recoverable		7,340	(3,161)
Other assets		32,777	(13,023)
Trade payables		(2,161)	(496)
Accounts payable		(28,748)	214
Labor and social security obligations		(85,972)	(49,275)
Taxes and contributions payable		(16,953)	649
Purchases of financial instruments related to retirements plans		(50,331)	(146,819)
Contribution for retirements plans		52,192	141,646
Deferred taxes		(451)	-
		(44,233)	(37,697)

Cash generated from operations		113,939	158,627
Income tax paid		(29,232)	(29,854)
Net cash inflow from operating activities		84,707	128,773

Cash flows from investing activities
Purchases of property and equipment and additions to intangible assets		(19,862)	(7,368)
Purchase of financial instruments at fair value through profit or loss		(124,621)	(227,181)
Sales of financial instruments at fair value through profit or loss		266,202	210,826
Payment for acquisition of subsidiary		-	(5,000)
Cash and cash equivalent acquired in business combination		-	285
Purchase and sales of financial instruments at amortized cost		(8,073)	-
Capital increase in joint ventures investments	8(b)	(9,917)	-

Net cash (outflow) from investing activities		103,729	(28,438)

Cash flows from financing activities
Interest payments of loans and obligations	15	(27,499)	(21,947)
Principal payments of loans and obligations	15	(15,734)	(8,889)
Treasury shares acquisition paid, net of treasury shares sold	17(e)	(49,458)	(31,718)
Lease payments, net of sublease received		(15,948)	(11,301)
Dividends paid	17(d)	(107,750)	(101,234)

Net cash (outflow) from financing activities		(216,389)	(175,089)

Net decrease in cash and cash equivalents		(27,953)	(74,754)

Cash and cash equivalents at the beginning of the year	5(c)	223,302	660,305

Foreign exchange variation of cash and cash equivalents in subsidiary		(6,159)	6,757

Cash and cash equivalents at the end of the year	5(c)	189,190	592,308

	Interest - %

	06/30/2025	12/31/2024

Subsidiaries
Vinci Partners Investimentos Ltda.	100	100
Vinci Assessoria Financeira Ltda. (1)	100	100
Vinci Equities Gestora de Recursos Ltda. (1)	100	100
Vinci Gestora de Recursos Ltda. (1)	100	100
Vinci Capital Gestora de Recursos Ltda. (1)	100	100
Vinci Soluções de Investimentos Ltda.	100	100
Vinci Real Estate Gestora de Recursos Ltda. (1)	100	100
Vinci Capital Partners GP Limited.	100	100
Vinci Partners USA LLC	100	100
Vinci GGN Gestão de Recursos Ltda. (1)	100	100
Vinci Infraestrutura Gestora de Recursos Ltda.	100	100
Vinci Capital Partners Fund III GP Limited	100	100
GGN GP LLC	100	100
Vinci APM Ltda. (1)	100	100
Vinci Monalisa FIM Crédito Privado IE (2)	100	100
Vinci Asset Allocation Ltda.	75	75
VICC Infra GP LLC	100	100
Vinci Capital Partners IV GP LLC	100	100
Vinci Holding Securitária Ltda.	85	85
Vinci Vida e Previdência S.A. (3)	85	85
Vinci SPS Capital Gestão de Recursos Ltda. (4)	100	100
VICC Infra GP (Lux), S.A.R.L.	100	100
VINCI US RE Corporation (5)	98	98
MAV Capital Gestora de Recursos SS Ltda. (6)	100	100
ICML Gestão de Negócios e Participações SS Ltda. (6)	100	100
Lacan Administração de Bens e Participações Ltda. (7)	100	100
Lacan Investimentos e Participações Ltda. (7)	100	100
SPS IV GP LLC	100	100
MNC Holdings Limited (8)	100	100
Investis Asset Management S.A. (8)	100	100
Compass Group S.A. (8)	100	100
CG Investimentos Brazil Ltda (8)	100	100
Compass Investments Brazil LLC (8)	100	100
Vinci Compass Chile SpA (8)	100	100
Vinci Compass Inversiones SpA (8)	100	100
Compass Group Chile S.A. Administradora General De Fondos (8)	100	100
VC Servicios Financieros SpA (8)	100	100
Compass Group S.A. Asesores de Inversion (8)	100	100
VC Asesorias e Inversiones SpA (8)	100	100
VC Distribución Institucional SpA (8)	100	100
Compass Group Chile Spa (8)	100	100
Compass Group SA Comisionista de Bolsa (8)	100	100
VC Asesores De Inversión Colombia S.A.S (8)	100	100
Compass Investmenst De Mexico S. A. de C. V. Sociedad Operadora de Fondos de Inversion (8)	100	100
Compass Investmenst Corporativo S.A. de C.V. (8)	100	100
CDI Sociedad Administradora de Proyectos S.A. De C.V (8)	100	100
MB Property Management Mexico S de RL De C.V. (8)	100	100
CDI Sociedad Desarrolladora de Proyectos S.A. de C.V. (8)	-	100

Compass Group Holding S.A.P.I de C.V. (8)	100	100
Compass Servicios Operativos S de RL de C.V. (8)	100	100
Compass Desarrollo Inmobiliario S.A. de C.V. (8)	100	100
Compass Latin America Investments LLC (Delaware) (8)	100	100
Compass Capital Consultants S.A.C. (8)	100	100
Compass Peru S.A. (8)	100	100
Compass Group S.A.F. S.A. (8)	100	100
Compass Group Global Advisors S.A. (8)	100	100
Compass Group Uruguay Investment Advisors S.A. (8)	100	100
Bunara S.A. (8)	100	100
Cipresi S.A. (8)	100	100
CG Global Services S.A. (8)	100	100
Compass Group LLC Establecimiento Permanente en Chile (8)	100	100
Compass Group LLC (8)	100	100
CG Compass (USA) LLC (8)	100	100
Compass Group Holdings Inc (8)	100	100
Compass Group Investments Solutions LLC (8)	100	100
Compass Group Asset Management Holdings S.L.U. (8)	100	100
CDI Mexican Investments Ltd (8)	100	100
Compass GP Luxemburgo (8)	100	100
Inversiones La Esmeralda SpA (8)	100	100
Compass GSO COF IV Solutions GP Ltd (8)	100	100
Compass BXLS V Solutions GP (8)	100	100
Compass SP Solutions GP (8)	100	100
Compass LCP X Solutions GP (8)	100	100
Compass Secondaries Solutions (8)	100	100
Compass Capital (Cayman) (8)	100	100
Compass BCP Asia II Solutions (8)	100	100

Balance sheet	06/30/2025	12/31/2024

Cash and cash equivalents	121,692	96,259
Financial instruments at fair value through profit or loss	217,561	102,626
Accounts receivable	44,189	171,744
Taxes recoverable	4,486	18,940
Other receivables	21,159	25,921
Current assets	409,087	415,490

Financial instruments at fair value through profit or loss	117,675	120,846
Intangible assets	15,887	-
Financial instruments at amortized cost	1,828	6,991
Other receivables	-	1,949
Investments accounted for using the equity method	55,455	55,081
Deferred taxes	11,479	10,313
Lease, property and equipment	62,727	89,130
Non-current assets	265,051	284,310

Trade payables	2,547	11,527
Leases	42,105	12,038
Accounts payable	1,403	6,402
Loans and obligations	33,878	7,200
Labor and social security obligations	44,396	69,235
Taxes and contributions payable	3,221	19,705
Current liabilities	127,550	126,107

Other payables	-	309
Loans and obligations	556,624	577,982
Lease	-	40,531
Labor and security obligations	-	341
Related parties	2,625	-
Deferred taxes	9,712	496
Non-current liabilities	568,961	619,659

Net Equity exposed to other currencies	(22,373)	(45,966)


Net Equity exposed to US Dollars	(125,896)	(260,868)
Net Equity exposed to Euros	2,207	2,096
Net Equity exposed to Pounds	(4,361)	15,445
Net Equity exposed to Chilean Pesos	55,865	120,484
Net Equity exposed to Uruguayan Pesos	4,865	1,239
Net Equity exposed to Colombian Pesos	5,094	13,352
Net Equity exposed to Argentine Pesos	(634)	12,706
Net Equity exposed to Mexican Pesos	17,895	11,366
Net Equity exposed to Peruvian Sols	22,592	38,214

	Six months ended June 30		Three months ended June 30
Net foreign exchange result	2025	2024	2025	2024

Financial revenue	12,423	-	11,283	-
Financial expense	-	(7,073)	-	(6,459)

Net foreign exchange result, net	12,423	(7,073)	11,283	(6,459)

	Financial liabilities				Other assets
	Payables	Loans and obligations	Retirement plans	Lease liabilities	Cash and cash equivalents	Financial instruments at fair value through profit or loss
Net debt as at
December 31, 2023	(114,752)	(617,092)	(85,554)	(72,812)	660,305	1,168,355

Cash flow and dividends provision	(126,505)	112,315	(279,770)	29,406	(512,354)	269,443
Fair value adjustment	-	(37,998)	(9,489)	-	31,955	93,238
Addition and finance expenses accrual	-	(184,292)	-	(76,049)	-	-
Foreign exchange adjustments	-	(134,475)	-	-	43,396	-
December 31, 2024	(241,257)	(861,542)	(374,813)	(119,455)	223,302	1,531,036

Cash flow and dividends provision	89,701	41,749	(52,191)	18,365	(36,190)	(89,572)
Fair value adjustment	-	5,008	(27,383)	-	5,051	8,345
Addition and finance expenses accrual	-	(7,751)	-	(41,344)	-	-
Foreign exchange adjustments	-	74,133	-	-	(2,973)	-
June 30, 2025	(151,556)	(748,403)	(454,387)	(142,435)	189,190	1,449,809

Contractual maturities of financial liabilities at June 30, 2025	Less than 1 year	Between 1 and 3 years	Over 3 years	Total	Carrying amount

Trade payables	(9,366)	-	-	(9,366)	(9,366)
Labor and social security obligations	(100,638)	(6,319)	-	(106,957)	(106,957)
Lease liabilities	(31,804)	(54,271)	(115,219)	(201,293)	(142,435)
Accounts payable	(35,231)	-	-	(35,231)	(35,231)
Loans and financing	(55,045)	(168,401)	(973,330)	(1,196,776)	(748,403)
Total	(232,084)	(228,991)	(1,088,549)	(1,549,623)	(1,042,392)

			Financial Impact ()**
Risk Factor	Variation in	*Stress Scenario ()**	06/30/2025	12/31/2024
Current inflation	Inflation index	-100bps	3.7	3.1
Exchange traded real estate funds	Share prices	-10%	(15.2)	(12.4)
Brazilian stock prices	Share prices	-10%	(3.7)	(4.4)
Fixed-rate offshore rates	US yield curve	-100bps	(45.4)	(53.0)
Foreign exchange rate	Foreign exchange rates	10% (***)	(7.9)	(9.4)
Domestic base overnight rate	Domestic base overnight rate	-100bps	(2.1)	(4.2)

Financial assets	Section	06/30/2025	12/31/2024

Accounts receivable	(a)	195,778	243,852
Other financial assets at amortized cost	(b)	43,487	44,342
Cash and cash equivalents	(c)	189,190	223,302
Financial assets at fair value through profit or loss (FVPL)	(d)	1,585,453	1,671,860
		2,013,908	2,183,356

Financial liabilities

Financial liabilities at fair value through profit or loss (FVPL)		16,106	-
Liabilities at amortized cost	(e)	151,556	241,257
Lease liabilities	(e)	142,435	119,455
Loans and financing	(e)	748,403	861,542
Retirement plans liabilities	(e)	454,387	374,813
		1,512,887	1,597,067

	06/30/2025	12/31/2024
Opening loss allowance on January 1	(632)	(150)
Loss allowance assumed as a result of business combination		(491)
Decrease in accounts receivable allowance recognized in profit or loss	-	9
Closing loss allowance on December 31	(632)	(632)

	06/30/2025	12/31/2024

Employees loans (Note 7 (iii))	15,406	15,100
Receivable from employees (Note 7 (i))	28,081	29,242

(i) Mutual funds
	06/30/2025	12/31/2024

Current assets	1,444,945	1,507,177
Vinci Monalisa FIM Crédito Privado IE (2)	895,769	1,025,462
Vinci Multiestratégia FIM	578	1,038
Compass Lapco Fondo De Inversion Serie B	6,016	-
Vinci Institucional FI RF Referenciado DI	-	3,028
Vinci Income Fund Ltd	28,077	31,150
Vinci Argentina Opportunity Fund II	14,868	17,120
Vinci Reservas Técnicas FI RF DI	15,175	16,392
Retirement services investment funds (1)	454,387	374,813
FI Vinci Renda Fixa CP	8,842	7,676
Fondo Mutuo Compass Liquidez	4,037	14,862
LV Money Market USD	7,536	5,592
Other mutual funds	9,660	10,044

Non-current assets	14,554	22,266
Compass - Fondo de Inversión Adelanto de Efectivo	11,453	12,347
Other mutual funds	3,101	9,919

	06/30/2025	12/31/2024
Net Asset Value	895,769	1,025,462
Real estate funds	228,476	214,428
Mutual funds	337,457	460,892
Private market funds	302,564	274,699
Other assets/liabilities	27,272	75,443

	06/30/2025	12/31/2024
Mutual Funds’ classification
Interest and foreign exchange (a)	75.41%	81.72%
Foreign investments (b)	6.50%	7.19%
Macro (c)	4.66%	4.92%
Specific strategy (d)	13.43%	6.17%
	100.00%	100.00%

Real Estate funds
	06/30/2025	12/31/2024

Vinci Credit Securities FII (a)	63,128	56,706
Vinci Imóveis Urbanos FII (b)	38,662	40,077
Vinci Offices FII (c)	23,259	22,624
Vinci Fulwood DL FII (d)	75,667	71,884
Other real estate funds (e)	27,760	23,137
	228,476	214,428

Private markets funds
	06/30/2025	12/31/2024

Vinci Crédito Infra Institucional Fundo Incentivado – Infraestrutura (a)	66,860	60,068
Vinci Infra Água e Saneamento Strategy FIP – Infraestrutura (b)	56,160	56,160
VCP IV Master FIP B (c)	84,182	67,248
Vinci Strategic Partners I FIP – Classe A (d)	24,968	20,201
Vinci Strategic Partners I FIP – Classe B (d)	6,706	5,598
Vinci Infraestrutura Transporte e Logística FIP	17,604	17,626
Vinci Infra Coinvestimento I FIP - Infraestrutura	1,236	7,608
Vinci Impacto Ret IV FIP Multiestratégia	8,982	6,343
Lacan Florestal III Feeder FIP Multiestratégia (e)	13,822	13,297
Lacan Florestal II - FIP Multiestratégia (e)	5,642	5,444
Lacan Florestal IV Feeder FIP Multiestratégia - IS (e)	3,015	1,763
Other funds	13,387	13,343
Total private markets funds	302,564	274,699

June 30, 2025		Notional Amount of Contract with Final Expiration Date in thousands of US Dollars		Fair value
Derivative financial instruments	Currency	Up to 6 months	Between 6 months and 1 year	Asset	Liability
Purchase Forward	USD x CHL	255	(114)	(1,284)	-
Sales Forward	CHL x USD	(255)	114	3,298	-
Purchase Forward	USD x BRL	53,500	-	-	(16,106)
Total		53,500	-	2,014	(16,106)

(iii) Private markets
	06/30/2025	12/31/2024

Vinci Capital Partners III Feeder FIP Multiestratégia	4,843	4,236
Nordeste III FIP Multiestratégia	1,711	3,400
Fundo Garantidor de Infraestrutura – FGIE – Class A	3,470	3,272
Fundo Garantidor de Infraestrutura – FGIE – Class B	13,940	13,151
Compass Global Investments III	3,094	3,152
Compass Global Investments II	1,550	1,975
Compass Private Equity VII FI	802	1,003
Total Private markets funds	29,410	30,189

(iv) Real Estate Investments
	06/30/2025	12/31/2024

Current assets	2,745	2,923
Compass Desarrollo Inmobiliario (ROU)	2,745	2,923

Non-current assets	90,234	99,341
Vinci US RE Corporation (a)	59,321	67,313
CCLA Capital	15,862	14,471
Compass Desarrollo Inmobiliario	6,560	8,237
CCLA Desarrollo y Renta IMU	4,333	4,434
Compass Desarrollo y Rentas	2,920	3,319
Other Real Estate investments	1,238	1,567

Total Real Estate Investments	92,979	102,264