Cogna Educação S.A. and Subsidiaries

Interim financial information for the period ended September 30, 2021

KPDS 953088

Cogna Educação S.A. and Subsidiaries Interim financial information for the period ended September 30, 2021

Contents

Report on the review of quarterly information - ITR

3

Balance sheets

5

Statement of income

7

Statement of comprehensive income

8

Statement of changes in shareholders' equity

9

Statements of cash flows - Indirect method

10

Statement of added value

11

Notes to the individual and consolidated interim financial information

12

2

KPMG Auditores Independentes Ltda.

Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Torre A 04711-904 - São Paulo/SP - Brasil

Caixa Postal 79518 - CEP 04707-970 - São Paulo/SP - Brasil Telefone +55 (11) 3940-1500

kpmg.com.br

Review report of quarterly information -

ITR

To the Shareholders, Board members and Managers of

Cogna Educação S.A.

Belo Horizonte - MG

Introduction

We have reviewed the individual and consolidated interim financial information of Cogna Educação S.A. ("Company"), contained in the Quarterly Information - ITR Form for the quarter ended September 30, 2021, which comprise the balance sheet as of September 30, 2021 and related statements of income, of comprehensive income for the three and nine- month periods then ended, of changes in shareholders' equity and of cash flows for the nine-month period then ended, including the explanatory notes.

Company's Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with CPC 21(R1) and International Standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of this information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of the review

We conducted our review in accordance with the Brazilian and international review standards for interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists in asking questions, chiefly to the persons in charge of financial and accounting affairs, and in applying analytical procedures and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

KPMG Auditores Independentes Ltda., uma sociedade simples brasileira, de responsabilidade limitada e firma-membro da organização global KPMG de firmas-membro independentes licenciadas da KPMG International Limited, uma empresa inglesa privada de responsabilidade limitada.

KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

3

Conclusion on the individual and consolidated interim information

Based on our review, we are not aware of any facts that would lead us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Quarterly Information - ITR, and presented in a manner consistent with the standards issued by the Securities Commission.

Other matters

Statements of added value

The aforementioned quarterly information includes the individual and consolidated statements of added value for the nine-month period ended September 30, 2021, prepared under responsibility of Company's Management, and presented as supplementary information for IAS 34 purposes. These statements have been subject to review procedures performed in conjunction with the review of the quarterly information, in order to determine whether they are reconciled with the interim financial information and book records, as applicable, and whether their form and content are in accordance with the criteria defined in Technical Pronouncement CPC 09 - Statement of Added Value. Based on our review, we are not aware of any facts that may lead us to believe that these statements of added value have not been prepared, in all material respects, in accordance with the criteria set forth in this Standard and consistently with respect to the individual and consolidated interim financial information taken as a whole.

Financial statements for prior years examined and interim financial information for prior periods reviewed by other independent auditor

Corresponding amounts related to individual and consolidated balance sheet as of December 31, 2020 were previously audited by other independent auditors who issued an unqualified report on March 31, 2021 with no changes and individual and consolidated statements of income, of comprehensive income for the quarter and semester and changes in shareholders' shareholders' equity and of cash flows for the nine-month period of the quarter ended September 30, 2020 were previously reviewed by other independent auditors, who issued an unqualified report on November 13, 2020, with no changes. The corresponding amounts referring to the parent company and consolidated Statements of Added Value, for the nine-month period ended September 30, 2020, have been submitted to the same review procedures by the aforementioned independent auditors, and, based on their review, nothing came to their attention that caused them to believe that these statements had not been properly prepared, in all material respects, in relation to the parent company and consolidated interim financial information taken as a whole.

São Paulo, November 12, 2021

KPMG Auditores Independentes Ltda. CRC 2SP014428/O-6

(Original report in Portuguese signed by) Flavio Gozzoli Gonçalves Accountant CRC 1SP290557/O-2

KPMG Auditores Independentes Ltda., uma sociedade simples brasileira, de responsabilidade limitada e firma-membro da organização global KPMG de firmas-membro independentes licenciadas da KPMG International Limited, uma empresa inglesa privada de responsabilidade limitada.

KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

4

COGNA EDUCAÇÃO S.A. AND SUBSIDIARIES

BALANCE SHEETS

For the nine-month period ended September 30, 2021 and year ended December 31, 2020

In thousands of reais

Parent

Consolidated

company

ASSETS

Note

09/30/2021

12/31/2020

09/30/2021

12/31/2020

Current assets

Cash and cash equivalents

6

391,225

410,818

1,133,247

2,205,346

Marketable Securities

7

97,491

723

2,035,003

1,976,436

Trade receivable

8

-

-

1,640,957

1,876,801

Inventories

9

-

-

425,951

366,405

Advances

994

121

84,782

63,311

Taxes Recoverable

10

55,392

33,956

275,578

275,445

Trade receivable from sale of subsidiaries

11

-

-

793

593

Other receivables

12

713

501

110,655

105,140

Related parties - Other receivables

28

3,147,406

597,284

-

-

Total current assets

3,693,221

1,043,403

5,706,966

6,869,477

Assets held for sale

3

717,838

912,633

2,136,709

2,402,541

Non-current assets

Long-term assets

Marketable Securities

7

-

-

13,817

15,026

Trade receivable

8

-

-

335,862

443,286

Taxes Recoverable

10

-

-

139,568

137,126

Trade receivable from sale of subsidiaries

11

-

-

77,118

71,329

Other receivables

12

-

-

62,754

92,043

Guarantee to tax, labor and civil losses

24,2

33,403

33,740

159,484

166,872

Judicial deposits

24,1

391

594

55,762

74,055

Deferred income tax and social

contribution

25

-

-

915,507

838,338

Related parties - other receivables

28

851,103

5,034,263

281,130

309,767

Investments

13

13,619,575

13,908,903

953

1,453

Property, plant and equipment

14

-

-

4,146,098

4,344,174

Intangible assets and goodwill

15

88,728

86,232

14,866,893

15,018,301

Total non-current assets

14,593,200

19,063,732

21,054,946

21,511,770

Total assets

19,004,259

21,019,768

28,898,621

30,783,788

See the accompanying notes to the individual and consolidated interim financial information.

5

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Cogna Educação SA published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 12:11:00 UTC.