Total Finance Volume (TFV) | Total Payment Volume (TPV) | Total Banking Volume (TBV) |
R$ 204 Billion | R$ 88.1 Billion | R$ 116 Billion |
Total Revenue and Income | Payments | Gross Profit | Financial Services | Gross Profit |
R$ 3.75 Billion | R$ 1.2 Billion | R$ 179 Million |
Net Income | Non-GAAP | Payments | Adj. EBITDA | Financial Services | Adj. EBITDA |
R$ 392 Million | R$ 718 Million | R$ 69 Million |
R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Total Revenues and Income1
| 3,750 | 3,427 | 9% | 3,962 | -5% | |
(-) Other Financial Income | (65) | (42) | 55% | (43) | 49% | |
(-) Transaction Costs | (1,389) | (1,303) | 7% | (1,478) | -6% | |
Net Take Rate | 2,296 | 2,082 | 10% | 2,440 | -6% | |
(-) Financial Expenses | (813) | (621) | 31% | (855) | -5% | |
(-) Total Losses | CBK (+) ECL2
| (126) | (250) | -49% | (192) | -34% | |
(+) FX Expenses | 17 | 13 | 32% | 15 | 18% | |
Gross Profit | 1,374 | 1,225 | 12% | 1,409 | -2% | |
(-) Operating Expenses | (587) | (560) | 5% | (621) | -6% | |
Adjusted EBITDA3
| 787 | 665 | 18% | 788 | 0% | |
Payments
| 718 | 741 | -3% | 776 | -7% | |
Financial Services
| 69 | (76) | n.a. | 12 | 493% | |
(-) POS Write-off | (62) | 0 | n.a. | (66) | -5% | |
(-) D&A | (303) | (244) | 24% | (270) | 12% | |
(+/-) Other Income (Expense), Net | 47 | 28 | 66% | 29 | 65% | |
EBT | 470 | 449 | 5% | 480 | -2% | |
(-) Income Tax and Social Contribution | (78) | (78) | 0% | (69) | 12% | |
Net Income | Non-GAAP | 392 | 371 | 6% | 411 | -5% | |
(-) Non-GAAP Effects | (22) | (21) | 4% | (4) | 505% | |
Net Income | GAAP | 370 | 350 | 6% | 408 | -9% | |
Adj. EBITDA (-) CapEx | 379 | (17) | n.a. | 410 | -8% | |
EPS | R$ 1.13 | R$ 1.05 | 8% | R$ 1.24 | -9% |
1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | ||
Average Revenue per Active Client (ARPAC) | ||||||
Payments | R$
| 1,978 | 1,407 | 41% | 1,893 | 4% | |
Financial Services | R$
| 91 | 91 | 0% | 95 | -4% | |
Efficiency Ratio | 15.2% | 19.0% | (3.7) p.p. | 16.7% | (1.5) p.p. | |
Credit Portfolio | R$ Billion | 2.7 | 2.1 | 32% | 2.7 | 0% | |
Total Deposits | R$ Billion | 18.6 | 11.2 | 66% | 20.7 | -10% |
R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Total Assets | 43,192 | 33,808 | 28% | 45,329 | -5% |
Current Assets
| 37,508 | 28,872 | 30% | 39,767 | -6% |
Cash & Financial Investments¹
| 2,880 | 2,615 | 10% | 2,932 | -2% |
Account Receivables
| 34,002 | 25,529 | 33% | 36,249 | -6% |
Others2
| 626 | 728 | -14% | 586 | 7% |
Non-Current Assets
| 5,684 | 4,936 | 15% | 5,562 | 2% |
Account Receivables
| 803 | 390 | 106% | 746 | 8% |
PP&E & Intangible Assets3
| 4,706 | 4,365 | 8% | 4,652 | 1% |
Others4
| 175 | 181 | -3% | 164 | 7% |
Liabilities and Equity | 43,192 | 33,808 | 28% | 45,329 | -5% |
Current Liabilities
| 25,703 | 20,926 | 23% | 29,740 | -14% |
Payables to Merchants5
| 8,973 | 7,712 | 16% | 9,321 | -4% |
Accounts Balance
| 7,674 | 5,468 | 40% | 8,667 | -11% |
CDs and Others6
| 7,522 | 5,146 | 46% | 10,101 | -26% |
Borrowings
| 196 | 1,110 | -82% | 0 | n.a. |
Others7
| 1,338 | 1,490 | -10% | 1,652 | -19% |
Non-Current Liabilities
| 5,281 | 2,090 | 153% | 3,747 | 41% |
CDs + Others8
| 3,157 | 569 | 455% | 1,895 | 67% |
Others9
| 2,125 | 1,521 | 40% | 1,852 | 15% |
Equity10
| 12,207 | 10,791 | 13% | 11,842 | 3% |
Key Operating Indicators in USD | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Market Cap | Billion | 2.8 | 6.6 | -57% | 2.9 | -2% |
Stock Price | 8.57 | 20.05 | -57% | 8.74 | -2% |
Book Value per Share | 7.43 | 6.94 | 7% | 6.92 | 7% |
Key Operating Indicators in BRL | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Market Cap | Billion | 14.3 | 31.3 | -54% | 15.2 | -6% |
Stock Price | 43.39 | 95.07 | -54% | 46.15 | -6% |
Book Value per Share | 37.63 | 32.91 | 14% | 36.52 | 3% |
R$ Billion | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Total Finance Volume | 204.1 | 152.2 | 34% | 209.1 | -2% |
Payments
| 88.1 | 80.1 | 10% | 94.3 | -7% |
Financial Services
| 116.0 | 72.1 | 61% | 114.8 | 1% |
# Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Total Clients | 28.7 | 23.2 | 24% | 27.7 | 3% |
Active Clients | 16.3 | 14.3 | 14% | 16.2 | 1% |
Consumers
| 10.0 | 7.6 | 31% | 9.7 | 2% |
Merchants
| 6.3 | 6.7 | -6% | 6.5 | -2% |
# Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Total
| 6.9 | 7.7 | -10% | 7.1 | -2% |
R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Credit Portfolio | 2,718 | 2,055 | 32% | 2,721 | 0% |
Working Capital
| 672 | 1,009 | -33% | 743 | -10% |
Credit Card
| 1,087 | 852 | 28% | 1,113 | -2% |
Payroll Loan + Others1
| 958 | 194 | 395% | 865 | 11% |
Provision for Losses | (1,024) | (597) | 72% | (986) | 4% |
Working Capital
| (520) | (340) | 53% | (522) | 0% |
Credit Card
| (495) | (252) | 97% | (451) | 10% |
Payroll Loan + Others1
| (10) | (5) | 86% | (12) | -18% |
Credit Portfolio, net | 1,693 | 1,458 | 16% | 1,735 | -2% |
R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Credit Portfolio | 2,718 | 2,055 | 32% | 2,721 | 0% |
Secured Products
| 1,196 | 222 | 438% | 1,084 | 10% |
% Credit Portfolio
| 44% | 11% | 33.2 p.p. | 40% | 4.2 p.p. |
Unsecured Products
| 1,522 | 1,833 | -17% | 1,637 | -7% |
% Credit Portfolio
| 56% | 89% | (33.2) p.p. | 60% | (4.2) p.p. |
R$ Billion | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Total Deposits | 18.6 | 11.2 | 66% | 20.7 | -10% |
Average Percentage Yield (APY)1
| 94% | 94% | (0.2) p.p. | 96% | (2.5) p.p. |
Accounts Balance
| 7.9 | 5.5 | 45% | 8.7 | -11% |
Average Percentage Yield (APY)1
| 73% | 59% | 14.0 p.p. | 69% | 4.0 p.p. |
Merchant's Payment Account
| 0.7 | 0.8 | -19% | 1.2 | -45% |
Account Balances
| 7.3 | 4.6 | 56% | 7.5 | -3% |
CDs + Others
| 10.7 | 5.7 | 87% | 12.0 | -11% |
Average Percentage Yield (APY)1
| 109% | 127% | (18.2) p.p. | 116% | (6.8) p.p. |
Certificate of Deposits
| 8.9 | 4.4 | 101% | 9.8 | -9% |
Interbank Deposits
| 1.8 | 1.1 | 66% | 2.1 | -17% |
Corporate Securities
| 0.0 | 0.2 | n.a. | 0.1 | n.a. |
Annual % | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
SELIC | 13.75% | 11.75% | 2.0 p.p. | 13.75% | 0.0 p.p. |
SELIC | Average | 13.75% | 10.37% | 3.4 p.p. | 13.75% | 0.0 p.p. |
CDI (Brazilian Interbank Rate) | 13.65% | 11.65% | 2.0 p.p. | 13.65% | 0.0 p.p. |
CDI | Average | 13.65% | 10.25% | 3.4 p.p. | 13.65% | 0.0 p.p. |
Selected Capsule | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Total Revenue and Income1
| 3,750 | 3,427 | 9% | 3,962 | -5% | |
Payments
| 3,449 | 3,125 | 10% | 3,654 | -6% | |
Financial Services2
| 331 | 333 | -1% | 362 | -9% | |
Other Financial Income
| 65 | 42 | 55% | 43 | 49% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Total Revenue and Income | 3,750 | 3,427 | 9% | 3,962 | -5% | |
Transaction Activities and Other Services
| 2,151 | 2,055 | 5% | 2,304 | -7% | |
Financial Income
| 1,534 | 1,331 | 15% | 1,615 | -5% | |
Other Financial Income
| 65 | 42 | 55% | 43 | 49% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Transaction Costs | (1,389) | (1,303) | 7% | (1,478) | -6% |
% Total Revenue and Income | 37.0% | 38.0% | (1.0) p.p. | 37.3% | (0.3) p.p. |
Interchange and Card Scheme Fee | (1,338) | (1,230) | 9% | (1,413) | -5% |
Others | (51) | (73) | -30% | (66) | -23% |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Net Take Rate | 2,296 | 2,082 | 10% | 2,440 | -6% |
TPV | R$ Billion | 88 | 80 | 10% | 94 | -7% |
Net Take Rate | % | 2.61% | 2.60% | 0.01 p.p. | 2.59% | 0.02 p.p. |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | ||
Financial Expenses | (813) | (621) | 31% | (855) | -5% | ||
% Total Revenue and Income | 21.7% | 18.1% | 3.6 p.p. | 21.6% | 0.1 p.p. | ||
Securitization of Receivables
| (214) | (361) | -41% | (216) | -1% | ||
Certificates of Deposits | Accrued Interest
| (599) | (260) | 131% | (639) | -6% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Total Losses | (126) | (250) | -49% | (192) | -34% | |
% Total Revenue and Income | 3.4% | 7.3% | (3.9) p.p. | 4.8% | (1.5) p.p. | |
Chargebacks
| (85) | (89) | -4% | (112) | -24% | |
% TPV
| 0.10% | 0.11% | (0.01) p.p. | 0.12% | (0.02) p.p. | |
Expected Credit Losses (ECL)
| (41) | (161) | -74% | (80) | -48% | |
% Outstanding ECL / Credit Portfolio | 1.51% | 7.82% | (6.3) p.p. | 2.92% | (1.4) p.p. |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Gross Profit | 1,374 | 1,225 | 12% | 1,409 | -2% | |
% Total Revenue and Income | 36.7% | 35.8% | 0.9 p.p. | 35.6% | 1.1 p.p. | |
Payments
| 1,195 | 1,177 | 2% | 1,245 | -4% | |
Financial Services
| 179 | 48 | 274% | 164 | 10% |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Operating Expenses | (587) | (560) | 5% | (621) | -6% | |
% Total Revenue and Income | 15.7% | 16.4% | (0.7) p.p. | 15.7% | (0.0) p.p. | |
Personnel Expenses
| (253) | (228) | 11% | (249) | 2% | |
Marketing and Advertising
| (118) | (172) | -32% | (178) | -34% | |
Other (Expenses) Income, Net
| (216) | (160) | 35% | (194) | 11% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Operating Expenses | (606) | (588) | 3% | (590) | 3% | |
% Total Revenue and Income | 16.2% | 17.2% | (1.0) p.p. | 14.9% | 1.3 p.p. | |
Personnel Expenses
| (272) | (255) | 6% | (208) | 31% | |
Marketing and Advertising
| (118) | (172) | -32% | (178) | -34% | |
Other (Expenses) Income, Net
| (216) | (160) | 35% | (205) | 5% |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | ||
Adj. EBITDA | 787 | 665 | 18% | 788 | 0% | ||
% Total Revenue and Income | 21.0% | 19.4% | 1.6 p.p. | 19.9% | 1.1 p.p. | ||
Payments
| 718 | 741 | -3% | 776 | -7% | ||
Financial Services
| 69 | (76) | n.a. | 12 | 493% | ||
Capital Expenditures (CapEx) | 408 | 681 | -40% | 378 | 8% | ||
Cash Earnings | Adj. EBITDA (-) CapEx | 379 | (17) | n.a. | 410 | -8% |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Depreciation and Amortization | (303) | (244) | 24% | (270) | 12% |
% Total Revenue and Income | 8.1% | 7.1% | 0.9 p.p. | 6.8% | 1.3 p.p. |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Depreciation and Amortization | (317) | (249) | 27% | (307) | 3% |
% Total Revenue and Income | 8.5% | 7.3% | 1.2 p.p. | 7.7% | 0.7 p.p. |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
POS Write-off | (62) | 0 | n.a. | (66) | -5% |
% Total Revenue and Income | 1.7% | 0.0% | 1.7 p.p. | 1.7% | 0.0 p.p. |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Earnings before Tax | 470 | 449 | 5% | 480 | -2% |
% Total Revenue and Income | 12.5% | 13.1% | (0.6) p.p. | 12.1% | 0.4 p.p. |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Profit for the period before Tax | 436 | 416 | 5% | 475 | -8% |
Statutory Rate | 34.0% | 34.0% | 0.0 p.p. | 34.0% | 0.0 p.p. |
Expected Income Tax and Social Contribution | (148) | (142) | 5% | (161) | -8% |
Income Tax and Social contribution effect on: | |||||
R&D and Tech Innovation Benefit - Law 11,196/05 (i) | 52 | 53 | -2% | 80 | -36% |
Taxation of Income abroad (ii) | 31 | 26 | 20% | 25 | 21% |
Other | (0) | (3) | -90% | (11) | -97% |
Income Tax and Social Contribution Expenses | (66) | (67) | -1% | (67) | -1% |
Effective Tax Rate | 15.2% | 16.0% | (0.8) p.p. | 14.2% | 1.0 p.p. |
Income Tax and Social Contribution - Current
| (18) | (29) | -37% | (34) | -47% |
Income Tax and Social Contribution - Deferred
| (48) | (38) | 27% | (33) | 46% |
R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | ||
Net Income | Non-GAAP | 392 | 371 | 6% | 411 | -5% | ||
% Total Revenue and Income | 10.5% | 10.8% | (0.4) p.p. | 10.4% | 0.1 p.p. | ||
Non-GAAP Effects | (22) | (21) | 4% | (4) | 505% | ||
Net Income | GAAP | 370 | 350 | 6% | 408 | -9% | ||
% Total Revenue and Income | 9.9% | 10.2% | (0.3) p.p. | 10.3% | (0.4) p.p. |
R$ Million | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 |
Net Income | GAAP | 350 | 367 | 380 | 408 | 370 |
(+) Income Tax and Social Contribution | 67 | 76 | 45 | 67 | 66 |
(+) LTIP Expenses2
| 28 | 51 | 43 | (42) | 19 |
(+) POS Write-off | 0 | 93 | 41 | 66 | 62 |
(+) Depreciation and Amortization | 249 | 281 | 294 | 307 | 317 |
(-) Other Financial Income | (42) | (45) | (46) | (43) | (65) |
(+) M&A Expenses3
| 0 | 0 | 0 | 0 | 0 |
(+) FX Expenses | 13 | 9 | 12 | 15 | 17 |
(+) PagPhone net realizable value reversal1
| 0 | 0 | (53) | 0 | 0 |
(-) Software's disposals2
| 0 | 0 | 29 | 11 | 0 |
(-) Boleto Flex impairment2
| 0 | 0 | 13 | 0 | 0 |
(-) Agreement with POS supplier2
| 0 | 0 | 10 | 0 | 0 |
Adjusted EBITDA | 665 | 831 | 770 | 788 | 787 |
R$ Million | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 |
Net Income | GAAP | 350 | 367 | 380 | 408 | 370 |
(+) LTIP Expenses2
| 28 | 51 | 43 | (42) | 19 |
(+) M&A Expenses3
| 5 | 5 | 5 | 5 | 5 |
(+) Income Tax and Social Contribution | (11) | (19) | (16) | (2) | (11) |
(+) PagPhone net realizable value reversal1
| 0 | 0 | (35) | 0 | 0 |
(-) Software's disposals2
| 0 | 0 | 19 | 11 | 0 |
(-) Boleto Flex impairment2
| 0 | 0 | 8 | 0 | 0 |
(-) Agreement with POS supplier2
| 0 | 0 | 7 | 0 | 0 |
(+) Capitalized Expenses of platforms development | 0 | 0 | 0 | 32 | 10 |
Net Income | Non-GAAP | 371 | 403 | 411 | 411 | 392 |
R$ million
|
1Q22
|
2Q22
|
3Q22
|
4Q22
|
1Q23
|
Total Revenue and Income
|
3,427.0
|
3,910.6
|
4,035.4
|
3,962.0
|
3,749.7
|
As previously reported
| |||||
Payments
|
3,125.2
|
3,605.7
|
3,712.4
|
3,654.2
|
3,449.2
|
Financial Services
|
304.6
|
314.5
|
339.4
|
329.0
|
297.8
|
Other Financial Income
|
41.6
|
44.8
|
46.1
|
43.3
|
64.5
|
Float1
|
(44.3)
|
(54.3)
|
(62.5)
|
(64.5)
|
(61.8)
|
Current classification
| |||||
Payments
|
3,125.2
|
3,605.7
|
3,712.4
|
3,654.2
|
3,449.2
|
Financial Services
|
332.6
|
343.8
|
375.8
|
361.8
|
330.6
|
Other Financial Income
|
41.6
|
44.8
|
46.1
|
43.3
|
64.5
|
Float1
|
(72.3)
|
(83.6)
|
(98.8)
|
(97.3)
|
(94.6)
|
Gross Profit
|
1,225.2
|
1,434.3
|
1,384.3
|
1,408.9
|
1,374.4
|
As previously reported
| |||||
Payments
|
1,205.2
|
1,393.2
|
1,308.1
|
1,278.2
|
1,227.7
|
Financial Services
|
20.0
|
41.2
|
76.2
|
130.8
|
146.6
|
Current classification
| |||||
Payments
|
1,177.2
|
1,363.9
|
1,271.7
|
1,245.4
|
1,195.0
|
Financial Services
|
47.9
|
70.5
|
112.5
|
163.6
|
179.4
|
Adj. EBITDA
|
664.8
|
831.0
|
769.6
|
787.6
|
787.3
|
As previously reported
| |||||
Payments
|
769.2
|
926.8
|
868.3
|
808.8
|
751.2
|
Financial Services
|
(104.4)
|
(95.8)
|
(98.6)
|
(21.2)
|
36.1
|
Current classification
| |||||
Payments
|
741.2
|
897.5
|
831.9
|
776.0
|
718.4
|
Financial Services
|
(76.4)
|
(66.5)
|
(62.3)
|
11.6
|
68.9
|
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Earnings before Income Tax | 436 | 416 | 5% | 475 | -8% | |
Expenses (Revenues) not affecting Cash
| 706 | 756 | -7% | 146 | 385% | |
Net Cash provided by (used in) Operating Activities
| 399 | 287 | 39% | 1,960 | -80% | |
Net Cash provided by (used in) Investing Activities
| (562) | (751) | -25% | (427) | 32% | |
Net Cash provided by (used in) Financing Activities
| 150 | 152 | -1% | (1,109) | n.a. | |
Increase (Decrease) in Cash and Cash Equivalents
| (13) | (311) | -96% | 425 | n.a. | |
Cash and Cash Equivalents at the beginning of the Period | 1,829 | 1,794 | 2% | 1,404 | 30% | |
Cash and Cash Equivalents at the end of the Period | 1,816 | 1,483 | 22% | 1,829 | -1% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Net Cash provided by (used in) Operating Activities | 399 | 287 | 39% | 1,960 | -80% | |
Earnings before Income Taxes
| 436 | 416 | 5% | 475 | -8% | |
Expenses (Revenues) not affecting Cash
| 706 | 756 | -7% | 146 | 385% | |
Changes in Operating Assets and Liabilities
| (1,280) | (1,523) | -16% | 1,162 | n.a. | |
Income Tax and Social Contribution paid
| (12) | (40) | -70% | (3) | 266% | |
Interest Income received
| 549 | 678 | -19% | 181 | 204% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Net Cash provided by (used in) Investing Activities | (562) | (751) | -25% | (427) | 32% | |
Amount paid on Acquisitions, Net of Cash Acquired
| 0 | 0 | n.a. | 0 | n.a. | |
Capital Expenditures
| (408) | (681) | -40% | (378) | 8% | |
% Total Revenue and Income
| 10.9% | 19.9% | (0.5) p.p. | 9.5% | (1.4) p.p. | |
Purchases of Property and Equipment
| (149) | (440) | -66% | (69) | 115% | |
Purchases and Development of Intangible Assets
| (260) | (242) | 7% | (309) | -16% | |
Acquisition of Financial Investments
| (154) | (69) | 121% | (0) | n.a. | |
Redemption of Financial Investments
| 0 | 0 | n.a. | (48) | n.a. |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q | |
Net Cash provided by (used in) Financing Activities | 150 | 152 | -1% | (1,109) | n.a. | |
Payment of Borrowings
| 0 | 0 | n.a. | (963) | n.a. | |
Proceeds from Borrowings
| 200 | 250 | -20% | 0 | n.a. | |
Payment of Borrowings Interest
| 0 | 0 | n.a. | (42) | n.a. | |
Payment of Leases
| (4) | (4) | 1% | (4) | 0% | |
Acquisition of Treasury Shares
| (45) | (94) | -52% | (100) | -54% | |
Capital Increase by non-controlling Shareholders
| 0 | 0 | n.a. | 0 | n.a. |
R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Assets | 43,192 | 33,808 | 28% | 45,329 | -5% |
Current Assets
| 37,508 | 28,872 | 30% | 39,767 | -6% |
Cash and Cash Equivalents
| 1,816 | 1,483 | 22% | 1,829 | -1% |
Financial Investments
| 1,064 | 1,132 | -6% | 1,103 | -4% |
Accounts Receivable
| 34,002 | 25,529 | 33% | 36,249 | -6% |
Derivative Financial Instruments
| 0 | 1 | n.a. | 0 | n.a. |
Inventories
| 22 | 49 | -56% | 13 | 63% |
Taxes Recoverable
| 448 | 434 | 3% | 411 | 9% |
Other Receivables
| 156 | 243 | -29% | 162 | 6% |
Non-Current Assets
| 5,684 | 4,936 | 15% | 5,562 | 2% |
Judicial Deposits
| 44 | 41 | 7% | 45 | -1% |
Accounts Receivable
| 803 | 390 | 106% | 746 | 8% |
Other Receivables
| 27 | 10 | 11% | 19 | -41% |
Deferred Income Tax and Social Contribution
| 102 | 114 | -11% | 99 | 3% |
Investment
| 2 | 16 | -89% | 2 | 7% |
Property and Equipment
| 2,438 | 2,579 | -5% | 2,493 | -2% |
Intangible Assets
| 2,268 | 1,786 | 27% | 2,159 | 5% |
Liabilities and Equity | 43,192 | 33,808 | 28% | 45,329 | -5% |
Current Liabilities
| 25,703 | 20,926 | 23% | 29,740 | -14% |
Payables to Third Parties
| 16,648 | 13,180 | 26% | 17,988 | -7% |
Trade Payables
| 437 | 558 | -22% | 449 | -3% |
Payables to Related Parties
| 360 | 283 | 27% | 594 | -39% |
Borrowings
| 196 | 1,110 | -82% | 0 | n.a. |
Derivative Financial Instruments
| 26 | 193 | -86% | 22 | 19% |
Deposits
| 7,522 | 5,146 | 46% | 10,101 | -26% |
Salaries and Social Charges
| 205 | 183 | 12% | 293 | -30% |
Taxes and Contributions
| 100 | 56 | 79% | 90 | 11% |
Provision for Contingencies
| 55 | 30 | 84% | 46 | 18% |
Deferred Revenue
| 125 | 147 | -15% | 126 | -1% |
Other Liabilities
| 29 | 41 | -28% | 31 | -8% |
Non-Current Liabilities
| 5,281 | 2,090 | 153% | 3,747 | 41% |
Payables to Third Parties
| 94 | 0 | n.a. | 85 | 10% |
Deferred Income Tax and Social Contribution
| 1,614 | 1,422 | 13% | 1,564 | 3% |
Provision for Contingencies
| 15 | 14 | 9% | 14 | 3% |
Deposits
| 3,157 | 569 | 455% | 1,895 | 67% |
Deferred Revenue
| 18 | 17 | 6% | 17 | 2% |
Payables to related parties
| 161 | 0 | n.a. | 0 | n.a. |
Other Liabilities
| 224 | 69 | 224% | 171 | 31% |
Equity | 12,207 | 10,791 | 13% | 11,842 | 3% |
Share Capital
| 0.03 | 0.03 | 0% | 0.03 | 0% |
Capital Reserve
| 6,029 | 6,014 | 0% | 6,103 | -1% |
Retained earnings
| 6,607 | 5,083 | 30% | 6,237 | 6% |
Treasury Shares
| (407) | (281) | 45% | (475) | -14% |
Other Comprehensive Income
| 0 | (3) | n.a. | (0) | n.a. |
Equity Valuation Adjustments
| (22) | (22) | 0% | (22) | 0% |
Non-GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Total Revenues and Income | 3,750 | 3,427 | 9% | 3,962 | -5% |
Transaction Activities and Other Services
| 2,151 | 2,055 | 5% | 2,304 | -7% |
Financial Income
| 1,534 | 1,331 | 15% | 1,615 | -5% |
Other Financial Income
| 65 | 42 | 55% | 43 | 49% |
Total Costs and Expenses | (3,280) | (2,978) | 10% | (3,482) | -6% |
Cost of Sales and Services
| (1,923) | (1,737) | 11% | (1,974) | -3% |
Selling Expenses
| (316) | (480) | -34% | (435) | -27% |
Administrative Expenses
| (146) | (135) | 7% | (115) | 27% |
Financial Expenses
| (813) | (621) | 31% | (855) | -5% |
Other Expenses, Net
| (82) | (4) | 1724% | (103) | -20% |
Income Tax and Social Contribution | (78) | (78) | 0% | (69) | 12% |
Current income tax and social contribution
| (18) | (27) | -33% | (34) | -47% |
Deferred income tax and social contribution
| (60) | (50) | 18% | (35) | 71% |
Net Income | Non-GAAP | 392 | 371 | 6% | 411 | -5% |
Non-GAAP effects | (22) | (21) | 4% | (4) | 505% |
Net Income | GAAP | 370 | 350 | 6% | 408 | -9% |
Earnings Per Share Reconciliation | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Net Income attributable to: | |||||
Owners of the Company | R$ Million | 370 | 350 | 6% | 408 | -9% |
Non-controlling interests | R$ Million | - | - | - | - | - |
Weighted avg number of Outstanding Common Shares | # Million | 325 | 331 | -2% | 327 | -1% |
Weighted avg number of common shares diluted | # Million | 328 | 333 | -1% | 329 | 0% |
Basic Earnings per common share | R$ | 1.1390 | 1.0569 | 8% | 1.2462 | -9% |
Diluted Earnings per common share | R$ | 1.1292 | 1.0504 | 7% | 1.2381 | -9% |
GAAP | R$ Million | 1Q23 | 1Q22 | Var. y/y | 4Q22 | Var. q/q |
Earnings before Income Taxes | 436 | 416 | 5% | 475 | -8% |
Expenses (Revenues) not affecting Cash | 706 | 756 | -7% | 146 | 385% |
Depreciation and Amortization
| 317 | 249 | 27% | 307 | 4% |
Chargebacks
| 126 | 250 | -49% | 192 | -34% |
Accrual of Provision for Contingencies
| 10 | 6 | 64% | 9 | 4% |
Reversal of Taxes and Contributions
| 0 | 0 | n.a. | 0 | n.a. |
Share based Long Term Incentive Plan (LTIP)
| 40 | 36 | 12% | 14 | 186% |
Loss on Disposal of Property, Equipment and Intangible Assets
| 63 | 2 | 2592% | 82 | -23% |
Financial Instruments
| (2) | 0 | n.a. | 22 | n.a. |
Interest accrued
| 150 | 218 | n.a. | (471) | n.a. |
Other Financial Cost, Net
| 1 | (5) | n.a. | (9) | n.a. |
Changes in Operating Assets and Liabilities | (1,280) | (1,523) | -16% | 1,162 | n.a. |
Account Receivables
| 1,110 | (3,181) | n.a. | (2,898) | n.a. |
Financial Investments (Mandatory Guarantee)
| 223 | (258) | n.a. | 52 | 329% |
Inventories
| (8) | 0 | n.a. | 39 | n.a. |
Taxes Recoverable
| (14) | 51 | n.a. | 51 | n.a. |
Other Receivables
| 21 | (47) | n.a. | (12) | n.a. |
Deferred Revenue
| (0) | (16) | -97% | (7) | -95% |
Other Payables
| (2) | (35) | n.a. | 104 | -94% |
Payables to Third Parties
| (1,336) | (193) | 594% | 3,723 | n.a. |
Trade Payables
| (13) | (22) | -8% | 86 | n.a. |
Receivables from (Payables to) Related Parties
| (75) | (271) | -72% | 129 | n.a. |
Deposits
| (1,095) | 2,525 | n.a. | (91) | 1108% |
Salaries and Social Charges
| (88) | (77) | 14% | (8) | 998% |
Taxes and Contributions
| 1 | 3 | -83% | 2 | -77% |
Provision for Contingencies
| (4) | (4) | -10% | (7) | -48% |
Income Tax and Social Contribution paid | (12) | (40) | -70% | (3) | 266% |
Interest Income received | 549 | 678 | -19% | 181 | 204% |
Net Cash provided by (used in) Operating Activities | 399 | 287 | 39% | 1,960 | -80% |
Amount paid on Acquisitions, Net of Cash Acquired
| 0 | 0 | n.a. | 0 | n.a. |
Purchases of Property and Equipment
| (149) | (440) | -66% | (69) | 115% |
Purchases and Development of Intangible Assets
| (260) | (242) | 7% | (309) | -16% |
Acquisition of Financial Investments
| (154) | (69) | 121% | (0) | 39031% |
Redemption of Financial Investments
| 0 | 0 | n.a. | (48) | n.a. |
Net Cash provided by (used in) Investing Activities | (562) | (751) | -25% | (427) | 32% |
Payment of Borrowings
| 0 | 0 | n.a. | (963) | n.a. |
Proceeds from Borrowings
| 200 | 250 | -20% | 0 | n.a. |
Payment of Borrowings Interest
| 0 | 0 | n.a. | (42) | n.a. |
Payment of Leases
| (4) | (4) | 1% | (4) | 0% |
Acquisition of Treasury Shares
| (45) | (94) | -52% | (100) | -54% |
Capital Increase by non-controlling Shareholders
| 0 | 0 | n.a. | 0 | n.a. |
Net Cash provided by (used in) Financing Activities | 150 | 152 | n.a. | (1,109) | n.a. |
Increase (Decrease) in Cash and Cash Equivalents | (13) | (311) | -96% | 425 | n.a. |
Cash and Cash Equivalents at the beginning of the Period | 1,829 | 1,794 | 2% | 1,404 | 30% |
Cash and Cash Equivalents at the end of the Period | 1,816 | 1,483 | 22% | 1,829 | -1% |
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PagSeguro Digital Ltd. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 10:02:08 UTC.