Brazil payment firm PagBank posts 21% increase in fourth-quarter net profit (updated)

PagSeguro Digital

20/02/2025 22:27

(Adds details from earnings report)
       SAO PAULO, Feb 20 (Reuters) - Brazilian payments firm
PagBank  PAGS.N  posted on Thursday a 21% increase in its
fourth-quarter net profit from a year earlier to 631 million
reais, above the 571.5 million reais profit expected by analysts
polled by LSEG. 
        
  
        WHY IT'S IMPORTANT
  
        PagBank, which also operates a digital bank, was the
first Brazilian company listed on the New York Stock Exchange to
also have Brazilian Depositary Receipts traded on the local
financial exchange  PAGS34 .
  
        
  
        BY THE NUMBERS
  
        The company posted an 18% increase in its net revenue to
5.1 billion reais in the quarter ended in December from a year
earlier. 
  
        Its total payments volume (TPV) increased by 28% in the
fourth quarter from a year earlier, reaching 146 billion reais. 
  
        In the full year, PagBank saw its credit portfolio grow
by 46% year-on-year. 
  
        
  
        WHAT'S NEXT
  
        PagBank expects to continue its business expansion in
2025 and projects investment of between 2.2 and 2.4 billion
reais for the year. 
  
        The company sees a 7% to 11% growth in gross profit, and
an increase of 11% to 15% in earnings per share in 2025.
  
        
  
        KEY QUOTES
  
        "We remain focused on maximizing returns for our
investors, combining solid growth with disciplined financial
management," Chief Financial Officer Artur Schunck said in a
press release, which also mentioned an expansion in operational
leverage for the quarter and a 784-million-real share buyback
program in 2024. 
  
        
  

 (Reporting by Patricia Vilas Boas and Isabel Teles; Editing by
Kylie Madry and Cynthia Osterman)
 ((Isabel.Teles@thomsonreuters.com;))