PagBank reported net revenue of R$4.9 billion for the first quarter of 2025, a 13% increase year-over-year, with gross profit reaching R$1.9 billion, up 7%. Recurring net income amounted to R$554 million, a 6% year-over-year increase, and diluted Earnings Per Share (EPS) on a GAAP basis grew 14% to R$1.72.
The company's credit portfolio expanded to R$3.7 billion, a 34% rise compared to the previous year's first quarter, maintaining a conservative profile with approximately 85% backed by collateral. The NPL >90 delinquency rate remained stable at 2.3%, significantly below the market average of 4.4%. Total Payment Volume (TPV) processed reached R$129 billion, growing 16% over the previous year.
PagBank announced its first dividend payment of US$0.14 per common share, payable on June 6, 2025, with an ex-date of May 24, 2025. The company also plans to distribute annual dividends corresponding to approximately 10% of its net income. Additionally, PagBank approved the immediate cancellation of 23,930,715 shares held in treasury, reinforcing its commitment to capital efficiency and shareholder value. The company repurchased R$353 million in shares during Q1 2025, completing over 75% of its US$200 million buyback program launched in August 2024.
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