STONECO LTD. | Investor Relations |
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Balance Sheet
/xl/drawings/drawing1.xml#'Balance%20Sheet'!A1Income Statement
/xl/drawings/drawing1.xml#'Income%20Statement'!A1Adjuted Income Statement
/xl/drawings/drawing1.xml#'Adjusted%20Income%20Statement'!A1Cashflow
/xl/drawings/drawing1.xml#Cashflow!A1Adjusted Net Cash
/xl/drawings/drawing1.xml#'Adjusted%20Net%20Cash'!A1Operating Metrics
/xl/drawings/drawing1.xml#'Operating%20Metrics%20'!A1Capital Allocation
/xl/drawings/drawing1.xml#'Capital%20Allocation'!A1Guidance
/xl/drawings/drawing1.xml#Guidance!A1Disclaimer
/xl/drawings/drawing1.xml#Disclaimer!A1Glossary
/xl/drawings/drawing1.xml#Glossary!A1mailto:investors@stone.co| Balance Sheet (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | Q | 2021 | 2022 | 2023 |
| Assets | |||||||||||||||||
| Current assets | 28,809.5 | 30,555.6 | 27,352.2 | 29,944.5 | 28,916.6 | 27,935.9 | 27,999.7 | 30,659.2 | 29,067.5 | 29,390.1 | 32,423.0 | 37,152.6 | 39,937.7 | 29,944.5 | 30,659.2 | 37,152.6 | |
| Cash and cash equivalents | 1,863.5 | 5,872.7 | 3,041.9 | 4,495.6 | 4,169.6 | 3,786.8 | 2,343.2 | 1,512.6 | 1,855.6 | 2,202.7 | 3,693.1 | 2,176.4 | 4,988.3 | 4,495.6 | 1,512.6 | 2,176.4 | |
| Short-term investments | 8,673.8 | 4,999.6 | 2,246.0 | 1,993.0 | 2,524.0 | 2,488.0 | 2,716.1 | 3,453.8 | 3,257.3 | 3,493.4 | 2,042.5 | 3,481.5 | 463.7 | 1,993.0 | 3,453.8 | 3,481.5 | |
| Financial assets from banking solution | 663.1 | 842.7 | 1,616.1 | 2,346.5 | 2,498.8 | 2,856.9 | 3,074.1 | 3,960.9 | 4,026.5 | 4,099.3 | 4,576.7 | 6,397.9 | 6,620.3 | 2,346.5 | 3,960.9 | 6,397.9 | |
| Accounts receivable from card issuers | 15,344.5 | 16,896.9 | 18,456.4 | 19,286.6 | 18,412.1 | 17,635.6 | 18,842.2 | 20,694.5 | 18,874.8 | 18,503.1 | 21,029.5 | 23,895.5 | 26,470.5 | 19,286.6 | 20,694.5 | 23,895.5 | |
| Trade accounts receivable | 1,804.9 | 1,412.4 | 1,256.0 | 886.1 | 658.8 | 521.9 | 469.1 | 484.7 | 459.5 | 440.9 | 559.2 | 459.9 | 448.9 | 886.1 | 484.7 | 459.9 | |
| Recoverable taxes | 56.0 | 90.3 | 148.9 | 214.8 | 202.7 | 211.0 | 144.3 | 151.0 | 207.9 | 220.1 | 118.4 | 146.3 | 216.1 | 214.8 | 151.0 | 146.3 | |
| Loans operations portfolio | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 210.0 | 342.4 | 0.0 | 0.0 | 210.0 | |
| Derivative financial instruments | 15.6 | 40.8 | 179.5 | 219.3 | 60.8 | 46.1 | 51.4 | 36.4 | 27.3 | 22.0 | 11.7 | 4.2 | 3.3 | 219.3 | 36.4 | 4.2 | |
| Other assets | 388.1 | 400.2 | 407.3 | 502.5 | 389.7 | 389.5 | 359.4 | 365.4 | 358.5 | 408.6 | 392.1 | 380.9 | 384.2 | 502.5 | 365.4 | 380.9 | |
| Non-current assets | 2,862.6 | 6,262.0 | 12,359.1 | 12,152.6 | 11,938.1 | 11,576.8 | 11,729.6 | 11,586.2 | 11,443.9 | 11,360.6 | 11,410.4 | 11,541.0 | 11,674.7 | 12,152.6 | 11,586.2 | 11,541.0 | |
| Trade accounts receivable | 326.3 | 168.5 | 92.2 | 59.6 | 43.8 | 51.1 | 38.7 | 37.3 | 33.7 | 33.2 | 38.9 | 28.5 | 25.5 | 59.6 | 37.3 | 28.5 | |
| Loans operations portfolio | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 40.8 | 90.3 | 0.0 | 0.0 | 40.8 | |
| Accounts receivable from card issuers | 0.0 | 0.0 | 0.0 | 0.0 | 13.2 | 32.1 | 45.3 | 54.3 | 65.1 | 70.3 | 75.8 | 81.6 | 81.7 | 0.0 | 54.3 | 81.6 | |
| Receivables from related parties | 9.8 | 9.2 | 4.6 | 4.7 | 4.9 | 5.0 | 6.0 | 10.1 | 10.3 | 12.0 | 4.8 | 2.5 | 2.2 | 4.7 | 10.1 | 2.5 | |
| Deferred tax assets | 150.1 | 225.6 | 316.3 | 580.5 | 498.1 | 660.4 | 742.6 | 680.0 | 616.1 | 558.1 | 608.9 | 664.5 | 681.3 | 580.5 | 680.0 | 664.5 | |
| Other assets | 341.2 | 338.0 | 358.1 | 355.8 | 308.8 | 272.0 | 252.1 | 206.5 | 157.7 | 149.1 | 131.7 | 137.5 | 171.4 | 355.8 | 206.5 | 137.5 | |
| Long-term investments | 0.0 | 3,340.4 | 2,000.0 | 1,238.5 | 915.5 | 221.5 | 329.8 | 214.8 | 33.8 | 33.1 | 47.1 | 45.7 | 46.3 | 1,238.5 | 214.8 | 45.7 | |
| Investment in associates | 83.4 | 68.5 | 67.7 | 66.5 | 65.6 | 66.7 | 73.4 | 109.8 | 109.1 | 107.2 | 114.5 | 83.0 | 86.4 | 66.5 | 109.8 | 83.0 | |
| Property and equipment | 892.3 | 972.1 | 1,301.3 | 1,569.5 | 1,641.8 | 1,680.6 | 1,642.8 | 1,641.2 | 1,790.7 | 1,700.4 | 1,655.9 | 1,661.9 | 1,698.4 | 1,569.5 | 1,641.2 | 1,661.9 | |
| Intangible assets | 1,059.6 | 1,139.8 | 8,218.8 | 8,277.5 | 8,446.5 | 8,587.4 | 8,598.9 | 8,632.3 | 8,627.5 | 8,697.2 | 8,732.8 | 8,794.9 | 8,791.2 | 8,277.5 | 8,632.3 | 8,794.9 | |
| Total Assets | 31,672.1 | 36,817.5 | 39,711.3 | 42,097.0 | 40,854.6 | 39,512.7 | 39,729.3 | 42,245.4 | 40,511.4 | 40,750.7 | 43,833.4 | 48,693.6 | 51,612.4 | 42,097.0 | 42,245.4 | 48,693.6 | |
| Liabilities and equity | |||||||||||||||||
| Current liabilities | 12,921.3 | 15,698.8 | 19,789.1 | 22,789.8 | 23,281.2 | 22,072.1 | 22,070.2 | 25,174.1 | 23,049.2 | 23,107.2 | 25,527.8 | 29,142.7 | 29,282.3 | 22,789.8 | 25,174.1 | 29,142.7 | |
| Deposits from banking customers | 536.6 | 781.2 | 1,514.6 | 2,201.9 | 2,367.8 | 2,705.0 | 2,944.7 | 4,023.7 | 3,902.2 | 3,918.6 | 4,450.8 | 6,119.5 | 5,985.0 | 2,201.9 | 4,023.7 | 6,119.5 | |
| Accounts payable to clients | 8,403.1 | 10,921.6 | 14,455.2 | 15,723.3 | 14,990.5 | 14,596.7 | 14,760.3 | 16,578.7 | 15,533.9 | 15,530.2 | 17,221.2 | 19,163.7 | 19,009.0 | 15,723.3 | 16,578.7 | 19,163.7 | |
| Trade accounts payable | 242.0 | 215.9 | 397.6 | 372.5 | 353.6 | 384.0 | 459.6 | 596.0 | 496.7 | 423.4 | 450.2 | 513.9 | 510.4 | 372.5 | 596.0 | 513.9 | |
| Loans and financing | 1,931.2 | 2,504.0 | 1,461.5 | 2,578.8 | 3,144.4 | 2,416.9 | 1,833.9 | 1,847.4 | 1,295.5 | 1,591.3 | 1,645.4 | 1,374.8 | 1,663.5 | 2,578.8 | 1,847.4 | 1,374.8 | |
| Obligations to FIDC quota holders | 1,460.5 | 969.4 | 1,379.3 | 1,294.8 | 1,294.5 | 982.0 | 666.8 | 975.2 | 634.7 | 318.0 | 324.0 | 505.2 | 567.7 | 1,294.8 | 975.2 | 505.2 | |
| Labor and social security liabilities | 196.2 | 161.0 | 316.9 | 273.3 | 353.6 | 383.5 | 466.1 | 468.6 | 398.7 | 468.0 | 552.6 | 515.7 | 397.0 | 273.3 | 468.6 | 515.7 | |
| Taxes payable | 121.4 | 128.9 | 174.5 | 176.5 | 202.9 | 235.4 | 303.1 | 329.1 | 380.9 | 382.8 | 436.8 | 514.3 | 612.0 | 176.5 | 329.1 | 514.3 | |
| Derivative financial instruments | 19.1 | 6.9 | 16.6 | 23.2 | 400.7 | 192.8 | 250.1 | 209.7 | 241.8 | 340.2 | 342.1 | 316.2 | 350.5 | 23.2 | 209.7 | 316.2 | |
| Other liabilities | 11.2 | 10.1 | 72.8 | 145.5 | 173.2 | 175.7 | 385.5 | 145.6 | 165.0 | 134.6 | 104.7 | 119.5 | 187.3 | 145.5 | 145.6 | 119.5 | |
| Non-current liabilities | 3,355.5 | 5,967.9 | 5,402.3 | 5,679.9 | 4,190.7 | 4,784.9 | 4,896.8 | 4,121.3 | 4,072.5 | 3,889.6 | 4,136.8 | 4,874.9 | 7,325.5 | 5,679.9 | 4,121.3 | 4,874.9 | |
| Accounts payable to clients | 3.5 | 3.4 | 2.8 | 3.2 | 6.9 | 11.4 | 19.2 | 35.8 | 34.7 | 25.6 | 31.1 | 35.5 | 35.4 | 3.2 | 35.8 | 35.5 | |
| Loans and financing | 541.0 | 3,013.5 | 3,028.7 | 3,556.5 | 2,522.2 | 2,771.1 | 2,828.0 | 2,728.5 | 2,659.8 | 2,527.5 | 2,729.0 | 3,639.2 | 3,720.7 | 3,556.5 | 2,728.5 | 3,639.2 | |
| Obligations to FIDC quota holders | 2,353.1 | 2,379.4 | 1,242.9 | 932.4 | 621.8 | 623.7 | 625.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2,334.1 | 932.4 | 0.0 | 0.0 | |
| Deferred tax liabilities | 69.4 | 170.4 | 654.3 | 629.9 | 486.0 | 564.9 | 578.9 | 500.2 | 506.5 | 504.9 | 506.9 | 546.5 | 559.4 | 629.9 | 500.2 | 546.5 | |
| Provision for contingencies | 12.0 | 8.4 | 42.1 | 181.8 | 180.9 | 189.1 | 198.9 | 210.4 | 199.2 | 212.5 | 230.3 | 208.9 | 225.8 | 181.8 | 210.4 | 208.9 | |
| Labor and social security liabilities | 79.9 | 80.8 | 55.3 | 32.7 | 22.2 | 18.2 | 27.2 | 35.8 | 41.5 | 14.1 | 16.6 | 34.3 | 39.0 | 32.7 | 35.8 | 34.3 | |
| Other liabilities | 296.6 | 311.9 | 376.1 | 343.4 | 350.7 | 606.5 | 619.7 | 610.6 | 630.8 | 604.9 | 622.9 | 410.5 | 411.0 | 343.4 | 610.6 | 410.5 | |
| Total liabilities | 16,276.8 | 21,666.7 | 25,191.5 | 28,469.8 | 27,471.9 | 26,856.9 | 26,967.0 | 29,295.4 | 27,121.7 | 26,996.8 | 29,664.6 | 34,017.6 | 36,607.8 | 28,469.8 | 29,295.4 | 34,017.6 | |
| Issued capital | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| Capital reserve | 13,809.6 | 14,441.5 | 14,485.4 | 14,541.1 | 13,851.0 | 13,747.6 | 13,659.2 | 13,818.8 | 13,869.9 | 13,888.8 | 13,930.6 | 14,056.5 | 14,065.9 | 14,541.1 | 13,818.8 | 14,056.5 | |
| Treasury shares | (308.4) | (1,675.1) | (1,065.2) | (1,065.2) | (191.7) | (191.7) | (69.1) | (69.1) | (69.1) | (15.8) | (15.2) | (282.7) | (279.3) | (1,065.2) | (69.1) | (282.7) | |
| Other comprehensive income | 219.0 | 161.3 | 123.2 | (35.8) | (173.6) | (281.6) | (405.3) | (432.7) | (270.2) | (283.9) | (319.7) | (320.4) | (376.6) | (35.8) | (432.7) | (320.4) | |
| Retained earnings | 1,613.4 | 2,142.5 | 890.8 | 96.2 | (217.0) | (704.4) | (502.1) | (423.2) | (196.6) | 108.8 | 517.6 | 1,168.9 | 1,541.8 | 96.2 | (423.2) | 1,168.9 | |
| Non-controlling interests | 61.7 | 80.6 | 85.5 | 90.8 | 114.0 | 85.7 | 79.5 | 56.1 | 55.4 | 56.0 | 55.5 | 53.7 | 52.7 | 90.8 | 56.1 | 53.7 | |
| Total equity | 15,395.3 | 15,150.9 | 14,519.8 | 13,627.2 | 13,382.7 | 12,655.7 | 12,762.3 | 12,950.0 | 13,389.6 | 13,753.9 | 14,168.8 | 14,676.0 | 15,004.6 | 13,627.2 | 12,950.0 | 14,676.0 | |
| Total liabilities and equity | 31,672.1 | 36,817.5 | 39,711.3 | 42,097.0 | 40,854.6 | 39,512.7 | 39,729.3 | 42,245.4 | 40,511.4 | 40,750.7 | 43,833.4 | 48,693.6 | 51,612.4 | 42,097.0 | 42,245.4 | 48,693.6 |
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/xl/drawings/drawing2.xml#Menu!A1| Income Statement (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Net revenue from transaction activities and other services | 318.3 | 359.2 | 436.7 | 512.7 | 554.9 | 606.9 | 677.8 | 777.8 | 733.1 | 840.1 | 868.5 | 868.1 | 749.8 | 1,626.9 | 2,617.4 | 3,309.8 |
| Net revenue from transaction activities and other services ex. Membership fees and TAG | n.d. | n.d. | n.d. | n.d. | 484.6 | 517.8 | 574.7 | 676.6 | 631.9 | 739.5 | 763.4 | 774.5 | 730.5 | 1,626.9 | 2,253.6 | 2,909.4 |
| Membership fees revenues | n.d. | n.d. | n.d. | n.d. | 49.0 | 53.1 | 67.7 | 60.8 | 82.0 | 78.7 | 81.0 | 74.2 | 10.3 | n.d. | 230.6 | 315.9 |
| TAG revenues | n.d. | n.d. | n.d. | n.d. | 21.3 | 36.0 | 35.4 | 40.4 | 19.2 | 21.9 | 24.1 | 19.4 | 9.0 | n.d. | 133.2 | 84.5 |
| Net revenue from subscription services and equipment rental | 139.9 | 152.9 | 371.0 | 408.1 | 432.2 | 437.8 | 426.4 | 464.6 | 445.1 | 457.3 | 463.4 | 459.1 | 456.7 | 1,071.9 | 1,760.9 | 1,825.0 |
| Financial income | 368.8 | 40.0 | 607.7 | 861.2 | 949.8 | 1,105.0 | 1,251.6 | 1,331.6 | 1,375.0 | 1,462.6 | 1,620.9 | 1,770.8 | 1,741.1 | 1,877.7 | 4,638.0 | 6,229.3 |
| Other financial income | 40.6 | 61.3 | 54.3 | 91.1 | 133.4 | 154.4 | 152.7 | 132.1 | 158.4 | 194.8 | 187.0 | 150.7 | 137.3 | 247.3 | 572.6 | 691.0 |
| Total revenue and income | 867.7 | 613.4 | 1,469.6 | 1,873.0 | 2,070.3 | 2,304.1 | 2,508.4 | 2,706.1 | 2,711.7 | 2,954.8 | 3,139.9 | 3,248.7 | 3,084.9 | 4,823.8 | 9,588.9 | 12,055.0 |
| Cost of services | (239.7) | (302.4) | (525.6) | (646.1) | (674.4) | (626.2) | (671.3) | (698.0) | (721.3) | (685.3) | (773.5) | (802.7) | (809.9) | (1,713.8) | (2,669.8) | (2,982.8) |
| Cost of services ex. Provision for expected working capital losses and D&A | (187.4) | (239.9) | (447.6) | (539.7) | (550.8) | (508.9) | (533.5) | (546.9) | (581.9) | (530.6) | (601.0) | (600.7) | (603.6) | (1,414.6) | (2,140.0) | (2,314.3) |
| Provision for expected working capital losses | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | (3.7) | (19.0) | (39.2) | (44.4) | n.a. | n.a. | (61.9) |
| D&A - Cost of services | (52.3) | (62.5) | (78.0) | (106.4) | (123.6) | (117.3) | (137.8) | (151.1) | (139.4) | (151.0) | (153.5) | (162.8) | (161.9) | (299.2) | (529.8) | (606.6) |
| Administrative expenses | (117.6) | (121.8) | (359.8) | (214.1) | (238.2) | (272.0) | (283.9) | (327.2) | (298.0) | (303.9) | (278.3) | (308.6) | (257.0) | (813.3) | (1,121.4) | (1,188.9) |
| Admininstrative expenses ex. D&A | (97.0) | (98.5) | (235.5) | (221.0) | (189.3) | (202.2) | (228.5) | (275.0) | (236.8) | (246.4) | (217.9) | (258.3) | (210.5) | (652.0) | (895.0) | (959.5) |
| D&A - Administrative expenses | (20.6) | (23.3) | (124.3) | 6.9 | (48.9) | (69.8) | (55.4) | (52.2) | (61.2) | (57.5) | (60.4) | (50.3) | (46.5) | (161.3) | (226.4) | (229.4) |
| Selling expenses | (162.8) | (223.2) | (308.2) | (318.4) | (383.7) | (335.9) | (385.4) | (406.1) | (389.9) | (411.9) | (442.4) | (454.0) | (529.7) | (1,012.5) | (1,511.2) | (1,698.3) |
| Selling expenses ex. D&A | (151.3) | (211.7) | (296.5) | (306.3) | (371.7) | (326.1) | (374.8) | (394.7) | (378.0) | (398.6) | (433.3) | (446.1) | (520.7) | (965.7) | (1,467.3) | (1,656.2) |
| D&A - Selling expenses | (11.5) | (11.5) | (11.7) | (12.1) | (12.0) | (9.8) | (10.6) | (11.4) | (11.9) | (13.3) | (9.1) | (7.9) | (9.0) | (46.8) | (43.9) | (42.1) |
| Financial expenses, net | (92.5) | (157.6) | (330.7) | (688.2) | (708.2) | (954.7) | (940.3) | (911.5) | (923.6) | (1,073.8) | (1,058.9) | (943.1) | (896.5) | (1,269.1) | (3,514.7) | (3,999.5) |
| Finance cost on sale of receivables | n.d. | n.d. | n.d. | n.d. | (441.3) | (664.3) | (675.5) | (682.3) | (714.7) | (870.9) | (863.8) | (745.8) | (672.8) | n.d. | (2,463.4) | (3,195.1) |
| Cost of bond | n.d. | n.d. | n.d. | n.d. | (81.4) | (34.5) | (105.0) | (104.0) | (102.9) | (102.3) | (102.5) | (94.5) | (85.1) | n.d. | (324.9) | (402.2) |
| Other interest on loans and financing | n.d. | n.d. | n.d. | n.d. | (142.2) | (218.3) | (127.0) | (121.2) | (83.4) | (62.5) | (66.3) | (81.0) | (116.6) | n.d. | (608.8) | (293.2) |
| Foreign exchange (gains) and losses | n.d. | n.d. | n.d. | n.d. | (2.1) | 6.6 | 9.0 | (11.6) | 9.9 | 3.6 | 0.0 | 0.2 | 3.0 | n.d. | 1.8 | 13.6 |
| Other financial expenses | n.d. | n.d. | n.d. | n.d. | (41.2) | (44.1) | (41.7) | 7.6 | (32.4) | (41.7) | (26.3) | (22.0) | (25.0) | n.d. | (119.5) | (122.5) |
| Mark-to-market on equity securities designated at FVPL | 0.0 | 841.2 | (1,341.2) | (764.2) | (323.0) | (527.1) | 111.5 | (114.5) | 30.6 | 0.0 | 0.0 | 0.0 | 0.0 | (1,264.2) | (853.1) | 30.6 |
| Other operating income (expense), net | (41.5) | (64.2) | (29.1) | (51.1) | (31.8) | (70.3) | (91.3) | (109.0) | (101.5) | (56.7) | (82.6) | (0.3) | (108.1) | (185.9) | (302.5) | (241.2) |
| Other operating income (expense), net ex. D&A | (41.5) | (64.2) | (29.1) | (51.1) | 269.2 | (70.3) | (91.3) | (109.0) | (101.5) | (56.7) | (82.6) | (0.3) | (108.1) | (185.9) | (1.5) | (241.2) |
| D&A - Other operating income (expense), net | 0.0 | 0.0 | 0.0 | 0.0 | (0.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.3) | 0.0 |
| Loss on investment in associates | (3.6) | (2.8) | (2.8) | (1.2) | (0.7) | (1.3) | (1.2) | (0.3) | (1.0) | (0.8) | (0.6) | (1.7) | 0.3 | (10.4) | (3.6) | (4.2) |
| Profit (loss) before income taxes | 210.0 | 582.6 | (1,427.8) | (810.4) | (289.8) | (483.4) | 246.5 | 139.4 | 306.8 | 422.3 | 503.5 | 738.2 | 484.0 | (1,445.6) | (387.3) | 1,970.8 |
| Income tax and social contribution | (51.7) | (56.6) | 167.6 | 8.9 | (23.2) | (5.9) | (49.4) | (60.6) | (81.1) | (115.1) | (92.2) | (82.0) | (110.4) | 68.2 | (139.1) | (370.4) |
| Net Income (loss) for the period | 158.3 | 526.0 | (1,260.2) | (801.5) | (313.0) | (489.3) | 197.1 | 78.8 | 225.7 | 307.2 | 411.3 | 656.2 | 373.6 | (1,377.3) | (526.4) | 1,600.4 |
| Expenses by nature (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Personal expenses | (235.1) | (303.3) | (449.1) | (501.7) | (555.4) | (560.7) | (682.4) | (710.0) | (688.4) | (662.9) | (655.8) | (724.0) | (677.0) | (1,489.2) | (2,508.6) | (2,731.1) |
| Transaction and client services costs | (108.5) | (147.3) | (248.3) | (306.1) | (304.5) | (253.0) | (242.8) | (268.8) | (287.7) | (290.8) | (355.4) | (345.5) | (354.2) | (810.2) | (1,069.1) | (1,279.4) |
| Depreciation and amortization | (84.4) | (97.4) | (214.0) | (111.6) | (184.9) | (196.9) | (203.8) | (214.8) | (212.5) | (221.7) | (223.0) | (221.0) | (217.3) | (507.4) | (800.3) | (878.2) |
| Marketing expenses and sales commissions | (61.5) | (99.1) | (130.8) | (129.5) | (179.2) | (137.4) | (155.8) | (159.7) | (183.6) | (178.3) | (203.1) | (207.8) | (270.4) | (420.8) | (632.1) | (772.9) |
| Third party services | (33.3) | (35.8) | (135.1) | (101.3) | (66.2) | (92.0) | (87.3) | (86.7) | (61.3) | (47.9) | (83.9) | (68.2) | (65.7) | (305.5) | (332.1) | (261.3) |
| Mark-to-market on equity securities designated at FVPL | 0.0 | 841.2 | (1,341.2) | (764.2) | (323.0) | (527.1) | 111.5 | (114.5) | 30.6 | 0.0 | 0.0 | 0.0 | 0.0 | (1,264.2) | (853.1) | 30.6 |
| Other | (38.8) | (28.7) | (45.4) | (79.5) | (38.0) | (64.5) | (59.8) | (100.4) | (77.3) | (56.2) | (55.7) | 1.0 | (120.1) | (192.4) | (262.7) | (188.3) |
Menu
/xl/drawings/drawing3.xml#Menu!A1| Adjusted Income Statement1 (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Net revenue from transaction activities and other services | 318.3 | 359.2 | 436.7 | 512.7 | 554.9 | 606.9 | 677.8 | 777.8 | 733.1 | 840.1 | 868.5 | 868.1 | 749.8 | 1,626.9 | 2,617.4 | 3,309.8 |
| Net revenue from transaction activities and other services ex. Membership fees and TAG | 318.3 | 359.2 | 436.7 | 512.7 | 484.6 | 517.8 | 574.7 | 676.6 | 631.9 | 739.5 | 763.4 | 774.5 | 730.5 | 1,626.9 | 2,253.6 | 2,909.4 |
| Membership fees revenues | n.d. | n.d. | n.d. | n.d. | 49.0 | 53.1 | 67.7 | 60.8 | 82.0 | 78.7 | 81.0 | 74.2 | 10.3 | n.d. | 230.6 | 315.9 |
| TAG revenues | n.d. | n.d. | n.d. | n.d. | 21.3 | 36.0 | 35.4 | 40.4 | 19.2 | 21.9 | 24.1 | 19.4 | 9.0 | n.d. | 133.2 | 84.5 |
| Net revenue from subscription services and equipment rental | 139.9 | 152.9 | 371.0 | 408.1 | 432.2 | 437.8 | 426.4 | 464.6 | 445.1 | 457.3 | 463.4 | 459.1 | 456.7 | 1,071.9 | 1,760.9 | 1,825.0 |
| Financial income | 368.8 | 40.0 | 607.7 | 861.2 | 949.8 | 1,105.0 | 1,251.6 | 1,331.6 | 1,375.0 | 1,462.6 | 1,620.9 | 1,770.8 | 1,741.1 | 1,877.7 | 4,638.0 | 6,229.3 |
| Other financial income | 40.6 | 61.3 | 54.3 | 91.1 | 133.4 | 154.4 | 152.7 | 132.1 | 158.4 | 194.8 | 187.0 | 150.7 | 137.3 | 247.3 | 572.6 | 691.0 |
| Total revenue and income | 867.7 | 613.4 | 1,469.6 | 1,873.0 | 2,070.3 | 2,304.1 | 2,508.4 | 2,706.1 | 2,711.7 | 2,954.8 | 3,139.9 | 3,248.7 | 3,084.9 | 4,823.8 | 9,588.9 | 12,055.0 |
| Cost of services | (239.7) | (302.4) | (525.6) | (646.1) | (674.4) | (626.2) | (671.3) | (698.0) | (721.3) | (685.3) | (773.5) | (802.7) | (809.9) | (1,713.8) | (2,669.8) | (2,982.8) |
| Cost of services ex. Provision for expected working capital losses | (239.7) | (302.4) | (525.6) | (646.1) | (674.4) | (626.2) | (671.3) | (698.0) | (721.3) | (681.6) | (754.5) | (763.5) | (765.5) | (1,713.8) | (2,669.8) | (2,920.9) |
| Provision for expected working capital losses | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | (3.7) | (19.0) | (39.2) | (44.4) | n.a. | n.a. | (61.9) |
| Administrative expenses | (108.3) | (112.2) | (193.8) | (230.5) | (214.8) | (231.6) | (251.8) | (296.5) | (262.5) | (269.1) | (243.5) | (277.3) | (232.0) | (644.8) | (994.7) | (1,052.4) |
| Selling expenses | (162.8) | (223.2) | (308.2) | (318.4) | (383.7) | (335.9) | (385.4) | (406.1) | (389.9) | (411.9) | (442.4) | (454.0) | (529.7) | (1,012.5) | (1,511.2) | (1,698.3) |
| Financial expenses, net | (88.3) | (153.4) | (328.3) | (676.8) | (702.1) | (945.6) | (932.2) | (903.4) | (908.9) | (1,059.7) | (1,044.5) | (941.1) | (889.2) | (1,246.8) | (3,483.4) | (3,954.1) |
| Other operating income (expense), net | (38.0) | (68.6) | (27.9) | (50.5) | (25.8) | (87.6) | (100.2) | (126.1) | (104.1) | (81.0) | (90.6) | (133.7) | (56.7) | (185.1) | (339.7) | (409.3) |
| Loss on investment in associates | (3.6) | (2.8) | (2.8) | (1.2) | (0.7) | (1.3) | (1.2) | (0.3) | (1.0) | (0.8) | (0.6) | (1.7) | 0.3 | (10.4) | (3.6) | (4.2) |
| Adjusted Profit (loss) before income taxes | 226.9 | (249.1) | 83.0 | (50.6) | 68.8 | 75.8 | 166.3 | 275.6 | 324.0 | 447.0 | 544.8 | 638.2 | 567.6 | 10.2 | 586.6 | 1,954.0 |
| Income tax and social contribution | (53.6) | 62.7 | 3.6 | 17.1 | (26.3) | (20.0) | (58.0) | (71.7) | (87.4) | (125.0) | (109.7) | (74.4) | (117.2) | 29.8 | (176.0) | (396.5) |
| Adjusted Net Income (loss) for the period | 173.3 | (186.4) | 86.7 | (33.5) | 42.6 | 55.8 | 108.3 | 203.8 | 236.6 | 322.0 | 435.1 | 563.8 | 450.4 | 40.0 | 410.5 | 1,557.5 |
| 1- Following the partial sale of our stake in Banco Inter, from 2Q22 onwards we no longer adjust the financial expenses related to our bond in our adjusted numbers. | ||||||||||||||||
| Adjusted Segment Reporting - Financial Services (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Total revenue and income | 828.4 | 564.2 | 1,152.5 | 1,545.9 | 1,721.3 | 1,932.6 | 2,121.5 | 2,308.2 | 2,335.9 | 2,551.2 | 2,737.7 | 2,870.6 | 2,710.3 | 4,091.0 | 8,083.5 | 10,495.4 |
| Cost of services | (224.9) | (279.6) | (358.7) | (465.1) | (499.0) | (468.6) | (495.9) | (524.0) | (555.3) | (520.0) | (603.0) | (630.7) | (647.6) | (1,328.3) | (1,987.5) | (2,309.0) |
| Administrative expenses | (89.8) | (91.4) | (112.9) | (145.6) | (131.1) | (145.5) | (160.2) | (204.0) | (170.9) | (180.4) | (171.2) | (206.7) | (158.9) | (439.7) | (640.8) | (729.2) |
| Selling expenses | (159.7) | (215.3) | (248.6) | (263.5) | (323.0) | (267.3) | (318.8) | (336.2) | (314.8) | (324.3) | (358.3) | (375.8) | (447.0) | (887.0) | (1,245.3) | (1,373.2) |
| Financial expenses, net | (88.8) | (158.9) | (304.4) | (657.8) | (693.0) | (931.0) | (917.2) | (884.9) | (895.0) | (1,047.8) | (1,030.2) | (929.8) | (878.1) | (1,209.8) | (3,426.1) | (3,902.8) |
| Other operating income (expense), net | (35.1) | (67.4) | (22.0) | (46.6) | (23.0) | (66.9) | (94.3) | (112.6) | (92.6) | (78.8) | (88.4) | (123.3) | (50.2) | (171.2) | (296.8) | (383.2) |
| Gain (loss) on investment in associates | (0.5) | (0.4) | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | (0.4) | (1.3) | (1.7) | (1.0) | (0.6) | 0.0 | (0.9) | (0.4) | (4.6) |
| Profit before income taxes | 229.6 | (248.7) | 105.7 | (32.6) | 52.2 | 53.3 | 135.0 | 246.1 | 306.0 | 398.2 | 485.5 | 603.8 | 528.6 | 54.1 | 486.6 | 1,793.4 |
| Income tax and social contribution | (52.3) | 64.8 | 8.4 | 18.6 | (16.0) | (7.0) | (39.9) | (61.9) | (79.1) | (118.5) | (90.7) | (68.5) | (107.3) | 39.4 | (124.9) | (356.8) |
| Net income for the period | 177.3 | (183.9) | 114.1 | (14.0) | 36.3 | 46.3 | 95.1 | 184.1 | 226.9 | 279.7 | 394.7 | 535.3 | 421.3 | 93.4 | 361.8 | 1,436.6 |
| Adjusted EBITDA | 354.5 | (62.3) | 458.8 | 662.8 | 758.1 | 989.9 | 1,056.0 | 1,172.4 | 1,209.0 | 1,427.5 | 1,506.1 | 1,557.2 | 1,444.0 | 1,413.8 | 3,976.4 | 5,699.8 |
| Adjusted EBITDA margin (%) | 42.8% | (11.0%) | 39.8% | 42.9% | 44.0% | 51.2% | 49.8% | 50.8% | 51.8% | 56.0% | 55.0% | 54.2% | 53.3% | 34.6% | 49.2% | 54.3% |
| Adjusted Segment Reporting - Software (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Total revenue and income | 30.9 | 42.8 | 301.1 | 311.4 | 326.6 | 350.7 | 366.2 | 376.3 | 358.2 | 382.9 | 387.9 | 363.2 | 369.1 | 686.3 | 1,419.8 | 1,492.2 |
| Cost of services | (12.3) | (19.5) | (162.4) | (176.7) | (172.5) | (154.5) | (171.9) | (171.2) | (164.2) | (164.8) | (170.4) | (171.5) | (162.3) | (370.9) | (670.2) | (670.9) |
| Administrative expenses | (14.9) | (17.5) | (72.4) | (76.1) | (74.5) | (75.0) | (81.3) | (83.5) | (83.5) | (79.5) | (65.1) | (62.4) | (70.6) | (180.8) | (314.3) | (290.5) |
| Selling expenses | (1.2) | (6.0) | (55.5) | (51.8) | (56.6) | (63.5) | (61.2) | (63.8) | (69.0) | (79.4) | (80.9) | (75.2) | (81.5) | (114.6) | (245.1) | (304.4) |
| Financial expenses, net | (0.2) | (0.3) | (17.6) | (18.9) | (8.6) | (14.6) | (14.9) | (18.1) | (13.6) | (11.6) | (14.1) | (11.0) | (11.0) | (36.9) | (56.2) | (50.4) |
| Other operating income (expense), net | (1.8) | (0.4) | (4.7) | (3.1) | (1.8) | (3.0) | (4.8) | (8.7) | (11.0) | (2.6) | (2.2) | (9.9) | (6.6) | (10.0) | (18.3) | (25.7) |
| Gain (loss) on investment in associates | 0.0 | (0.1) | 0.0 | 0.0 | (0.4) | (0.3) | (0.2) | (0.4) | (0.1) | 0.5 | 0.2 | (0.2) | 0.1 | 0.0 | (1.4) | 0.4 |
| Profit before income taxes | 0.6 | (1.0) | (11.4) | (15.2) | 12.3 | 39.9 | 31.9 | 30.5 | 16.9 | 45.5 | 55.5 | 33.0 | 37.2 | (27.0) | 114.6 | 150.8 |
| Income tax and social contribution | (1.3) | (2.2) | (3.1) | (0.4) | (10.1) | (13.1) | (17.7) | (9.0) | (8.4) | (6.5) | (17.9) | (4.2) | (9.5) | (7.1) | (49.8) | (37.0) |
| Net income for the period | (0.7) | (3.2) | (14.6) | (15.6) | 2.2 | 26.8 | 14.2 | 21.5 | 8.5 | 39.0 | 37.6 | 28.8 | 27.7 | (34.1) | 64.7 | 113.8 |
| Adjusted EBITDA | 6.0 | 3.3 | 20.2 | 26.9 | 40.3 | 53.1 | 53.0 | 59.6 | 39.9 | 66.5 | 79.4 | 58.7 | 65.8 | 56.4 | 206.0 | 244.4 |
| Adjusted EBITDA margin (%) | 19.4% | 7.7% | 6.7% | 8.6% | 12.3% | 15.1% | 14.5% | 15.8% | 11.1% | 17.4% | 20.5% | 16.2% | 17.8% | 8.2% | 14.5% | 16.4% |
| Adjusted Segment Reporting - Non-Allocated (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Total revenue and income | 8.3 | 6.5 | 16.0 | 15.7 | 22.4 | 20.8 | 20.8 | 21.6 | 17.5 | 20.7 | 14.3 | 14.9 | 5.5 | 46.5 | 85.6 | 67.4 |
| Cost of services | (2.5) | (3.3) | (4.6) | (4.3) | (2.9) | (3.0) | (3.5) | (2.7) | (1.8) | (0.5) | 0.0 | (0.5) | 0.0 | (14.7) | (12.1) | (2.9) |
| Administrative expenses | (3.7) | (3.3) | (8.5) | (8.9) | (9.2) | (11.2) | (10.3) | (9.0) | (8.1) | (9.2) | (7.2) | (8.2) | (2.6) | (24.3) | (39.7) | (32.7) |
| Selling expenses | (1.9) | (1.9) | (4.1) | (3.1) | (4.2) | (5.1) | (5.4) | (6.1) | (6.1) | (8.2) | (3.2) | (3.1) | (1.2) | (10.9) | (20.9) | (20.6) |
| Financial expenses, net | 0.7 | 5.7 | (6.4) | (0.1) | (0.5) | (0.1) | (0.1) | (0.4) | (0.2) | (0.2) | (0.2) | (0.3) | (0.1) | (0.1) | (1.1) | (0.9) |
| Other operating income (expense), net | (1.1) | (0.8) | (1.2) | (0.9) | (1.1) | (17.8) | (1.1) | (4.8) | (0.4) | 0.5 | 0.0 | (0.5) | (0.0) | (3.9) | (24.7) | (0.5) |
| Gain (loss) on investment in associates | (3.2) | (2.4) | (2.6) | (1.2) | (0.2) | (1.0) | (1.1) | 0.5 | 0.4 | 0.4 | 0.2 | (0.9) | 0.2 | (9.4) | (1.8) | 0.0 |
| Profit before income taxes | (3.3) | 0.6 | (11.3) | (2.8) | 4.3 | (17.4) | (0.6) | (1.0) | 1.2 | 3.4 | 3.8 | 1.4 | 1.9 | (16.8) | (14.6) | 9.8 |
| Income tax and social contribution | 0.0 | 0.2 | (1.6) | (1.1) | (0.2) | 0.0 | (0.4) | (0.8) | 0.0 | 0.0 | (1.1) | (1.8) | (0.4) | (2.5) | (1.4) | (2.8) |
| Net income for the period | (3.3) | 0.7 | (12.9) | (3.9) | 4.1 | (17.3) | (1.0) | (1.8) | 1.2 | 3.4 | 2.8 | (0.3) | 1.5 | (19.4) | (16.0) | 7.0 |
| Adjusted EBITDA | (4.2) | (5.3) | (4.0) | (6.5) | 5.2 | (16.6) | 0.3 | (0.9) | 2.5 | 4.9 | 4.9 | 2.4 | 2.2 | (19.9) | (12.0) | 14.6 |
| Adjusted EBITDA margin (%) | (50.2%) | (81.8%) | (24.7%) | (41.4%) | 23.3% | (79.6%) | 1.3% | (4.4%) | 14.2% | 23.4% | 34.0% | 16.3% | 40.3% | (42.8%) | (14.1%) | 21.7% |
| Net Income Bridge (R$mn) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Net income for the period | 158.3 | 526.0 | (1,260.2) | (801.5) | (313.0) | (489.3) | 197.1 | 78.8 | 225.7 | 307.2 | 411.3 | 656.2 | 373.6 | (1,377.3) | (526.4) | 1,600.4 |
| Amortization of fair value adjustment | 6.9 | 8.8 | 98.5 | (25.1) | 24.9 | 46.5 | 32.2 | 35.0 | 33.7 | 35.7 | 38.8 | (15.8) | 12.3 | 89.1 | 138.6 | 92.4 |
| Gains on previously held interest in associate | 0.0 | (12.0) | (3.8) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (15.8) | 0.0 | 0.0 |
| Mark-to-market from the investment in Banco Inter | 0.0 | (841.2) | 1,341.2 | 764.2 | 323.0 | 527.1 | (111.5) | 114.5 | (30.6) | 0.0 | 0.0 | 0.0 | 0.0 | 1,264.2 | 853.1 | (30.6) |
| Other expenses | 10.0 | 12.7 | 75.0 | 20.7 | 10.8 | (14.4) | (0.9) | (13.4) | 14.1 | (11.0) | 2.4 | (84.2) | 71.3 | 118.3 | (17.8) | (78.6) |
| Tax effect on adjustments | (1.9) | 119.3 | (163.9) | 8.1 | (3.1) | (14.2) | (8.5) | (11.1) | (6.3) | (10.0) | (17.5) | 7.6 | 71.3 | (38.4) | (36.9) | (26.1) |
| Adjusted net income | 173.3 | (186.4) | 86.7 | (33.5) | 42.6 | 55.8 | 108.3 | 203.8 | 236.6 | 322.0 | 435.1 | 563.8 | 450.4 | 40.0 | 410.5 | 1,557.5 |
| IFRS basic EPS | 0.51 | 1.72 | (4.05) | (2.57) | (1.01) | (1.56) | 0.65 | 0.25 | 0.72 | 0.98 | 1.30 | 2.10 | 1.21 | (4.40) | (1.67) | 5.09 |
| Adjusted diluted EPS | 0.55 | (0.58) | 0.31 | (0.09) | 0.14 | 0.18 | 0.35 | 0.63 | 0.73 | 0.98 | 1.32 | 1.76 | 1.42 | 0.19 | 1.34 | 4.85 |
| Adjusted diluted EPS (new methodology) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 0.36 | 0.64 | 0.75 | 1.00 | 1.36 | 1.76 | 1.42 | n.a. | 1.32 | 4.85 |
| Basic Number of shares | 309.6 | 308.2 | 308.9 | 308.9 | 310.3 | 312.2 | 312.4 | 312.6 | 312.7 | 313.1 | 313.8 | 310.7 | 309.1 | 308.9 | 311.9 | 312.6 |
| Diluted Number of shares (as reported) | 314.8 | 314.5 | 308.9 | 308.9 | 310.3 | 312.2 | 323.9 | 324.6 | 324.9 | 326.9 | 326.9 | 318.4 | 316.1 | 308.9 | 311.9 | 319.3 |
| Diluted Number of shares (new methodology) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 315.5 | 320.6 | 316.1 | 318.7 | 318.8 | 318.4 | 316.1 | n.a. | 316.4 | 319.3 |
Menu
/xl/drawings/drawing4.xml#Menu!A1| Cash Flow (R$mm) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| Net income (loss) for the period | 158.3 | 526.0 | (1,260.2) | (801.5) | (313.0) | (489.3) | 197.1 | 78.8 | 225.7 | 307.2 | 411.3 | 656.2 | 373.6 | (1,377.3) | (526.4) | 1,600.4 |
| Adjustments on Net Income: | ||||||||||||||||
| Depreciation and amortization | 84.4 | 97.4 | 214.0 | 111.6 | 184.9 | 196.9 | 203.8 | 214.8 | 212.5 | 221.7 | 223.0 | 221.0 | 217.3 | 507.4 | 800.3 | 878.2 |
| Deferred income tax and social contribution | (11.1) | 34.8 | (210.2) | (53.4) | (44.6) | (78.7) | (44.4) | 14.6 | 37.6 | 40.9 | (43.0) | (10.9) | 4.6 | (239.8) | (153.1) | 24.6 |
| Gain (loss) on investment in associates | 3.6 | 2.8 | 2.8 | 1.2 | 0.7 | 1.3 | 1.2 | 0.3 | 1.0 | 0.8 | 0.6 | 1.7 | (0.3) | 10.4 | 3.6 | 4.2 |
| Accrued interest, monetary and exchange variations, net | (269.7) | (221.8) | (151.7) | (91.9) | (108.4) | (113.0) | (138.5) | (22.8) | (131.6) | (44.3) | (31.3) | 11.7 | 4.6 | (735.1) | (382.7) | (195.4) |
| Provision (reversal) for contingencies | 1.7 | 1.7 | 1.4 | (0.5) | 0.0 | 1.6 | 6.8 | 10.5 | (2.4) | 7.5 | 21.4 | (20.7) | 16.1 | 4.3 | 18.8 | 5.8 |
| Share-based payments expense | 22.1 | 29.0 | 40.7 | 21.2 | 27.3 | 46.1 | 70.2 | 69.4 | 70.1 | 50.4 | 61.1 | 69.6 | 25.8 | 113.2 | 213.1 | 251.2 |
| Allowance for expected credit losses | 8.4 | 10.5 | 20.5 | 32.6 | 22.4 | 29.0 | 23.8 | 13.3 | 10.9 | 21.6 | 89.9 | 37.9 | 54.2 | 72.0 | 88.6 | 160.2 |
| Loss on disposal of property, equipment and intangible assets | 10.3 | 29.1 | 44.7 | 51.9 | (4.5) | 28.5 | 1.4 | (0.1) | 14.9 | 30.1 | 8.2 | 13.0 | 6.1 | 136.1 | 25.3 | 66.2 |
| Effect of applying hyperinflation accounting | 0.0 | 0.0 | 1.3 | 0.8 | 1.1 | 0.4 | 1.0 | 1.4 | 1.2 | 0.0 | 1.3 | 1.2 | 1.3 | 2.0 | 3.9 | 3.7 |
| Loss on sale of subsidiary | 0.0 | 12.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 20.3 | 0.0 | 1.2 | (1.2) | 10.9 | 53.0 | 12.7 | 20.3 | 10.9 |
| Fair value adjustment in financial instruments at FVPL | 227.2 | (151.1) | 1,566.5 | 927.7 | 470.3 | 666.9 | (16.3) | 58.7 | 85.8 | 8.2 | 2.6 | 0.0 | (16.8) | 2,570.4 | 1,179.5 | 96.6 |
| Fair value adjustment in derivatives | 31.7 | (36.5) | 90.2 | 19.6 | 72.0 | (7.1) | 103.5 | (77.6) | 4.6 | 4.0 | 4.5 | 7.2 | 17.4 | 105.0 | 90.8 | 20.3 |
| Remeasurement of previously held interest in subsidiary acquired | 0.0 | (12.0) | (3.8) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (15.8) | 0.0 | 0.0 |
| Others | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 |
| Working capital adjustments: | ||||||||||||||||
| Accounts receivable from card issuers | 978.1 | (1,533.5) | (1,867.9) | (570.0) | 1,257.2 | 1,382.6 | (632.2) | (1,267.4) | 2,616.0 | 1,284.8 | (1,713.7) | (2,154.8) | (1,963.0) | (2,993.4) | 740.2 | 32.3 |
| Receivables from related parties | (1.7) | 1.1 | 0.2 | 1.5 | 3.9 | 2.5 | 9.0 | (2.4) | 2.0 | 9.7 | 0.4 | 8.4 | 10.3 | 1.1 | 12.9 | 20.3 |
| Recoverable taxes | (4.2) | (39.8) | (27.2) | (166.9) | (13.0) | (24.3) | (58.4) | 357.5 | (50.7) | (9.4) | 216.5 | (17.5) | (63.4) | (238.1) | 261.9 | 139.0 |
| Prepaid expenses | (241.0) | 9.3 | (42.6) | 14.3 | 68.7 | 45.4 | 32.8 | 6.1 | 26.8 | 19.8 | 20.1 | (25.4) | (14.0) | (260.1) | 153.0 | 41.3 |
| Trade accounts receivable, banking solutions and other assets | (332.0) | 199.4 | 94.8 | 282.0 | 318.0 | 147.1 | 160.5 | 82.0 | (18.4) | 7.9 | 146.1 | 69.5 | (184.1) | 244.2 | 707.5 | 205.1 |
| Loans operations portfolio | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (113.5) | (199.4) | (193.1) | 0.0 | 0.0 | (312.8) |
| Accounts payable to clients | (1,115.8) | 2,078.6 | 2,915.6 | 397.9 | (1,659.2) | (1,479.3) | (1,042.6) | 547.0 | (2,367.4) | (1,427.1) | 153.3 | 259.2 | (1,778.7) | 4,276.3 | (3,633.9) | (3,382.1) |
| Taxes payable | 64.9 | 31.1 | 27.3 | 124.1 | 93.4 | 90.6 | 259.5 | (305.6) | 74.1 | 18.5 | (26.1) | 103.2 | 156.1 | 247.4 | 137.8 | 169.7 |
| Labor and social security liabilities | 21.7 | (36.5) | 43.6 | (46.1) | 78.1 | 18.3 | 73.4 | 1.5 | (74.9) | 67.3 | 74.2 | (47.3) | (116.1) | (17.4) | 171.3 | 19.3 |
| Payment of contingencies | (0.2) | (5.2) | (2.6) | (2.3) | (4.9) | 1.9 | (2.2) | (4.7) | (15.6) | (1.3) | (10.9) | (6.3) | (7.4) | (10.2) | (9.8) | (34.0) |
| Trade Accounts Payable and Other Liabilities | 46.8 | (4.2) | (42.3) | 40.5 | 9.5 | 6.7 | 223.3 | 84.1 | 1.2 | (3.3) | (32.7) | (45.1) | 80.5 | 40.8 | 323.6 | (79.9) |
| Interest paid | (46.5) | (42.6) | (91.8) | (118.8) | (108.8) | (143.4) | (72.8) | (105.5) | (133.4) | (303.7) | (43.1) | (269.2) | (51.2) | (299.7) | (430.4) | (749.4) |
| Interest income received, net of costs | 318.8 | 366.1 | 436.8 | 457.2 | 488.8 | 425.8 | 538.3 | 605.7 | 606.8 | 538.9 | 679.4 | 941.9 | 958.2 | 1,578.9 | 2,058.7 | 2,766.9 |
| Income tax paid | (45.0) | (24.3) | (21.4) | (37.6) | (44.6) | (42.0) | (67.5) | (37.0) | (28.4) | (18.9) | (36.0) | (32.8) | (64.2) | (128.2) | (191.1) | (116.1) |
| Net cash provided by (used in) operating activity | (89.2) | 1,322.2 | 1,778.9 | 595.0 | 795.2 | 714.6 | (169.1) | 343.0 | 1,168.4 | 832.5 | 63.4 | (416.6) | (2,473.1) | 3,606.9 | 1,683.7 | 1,647.7 |
| Investing activities | ||||||||||||||||
| Purchases of property and equipment | (334.4) | (190.3) | (86.3) | (472.0) | (136.8) | (168.8) | (47.0) | (65.1) | (340.3) | (196.2) | (55.3) | (144.4) | (180.6) | (1,083.0) | (417.7) | (736.2) |
| Purchases and development of intangible assets | (42.1) | (34.2) | (63.7) | (75.7) | (105.0) | (48.0) | (62.2) | (90.2) | (76.1) | (136.0) | (121.1) | (140.9) | (126.0) | (215.7) | (305.5) | (474.1) |
| Acquisition of subsidiary, net of cash acquired | 0.0 | (9.5) | (4,727.9) | 0.0 | (41.9) | (20.5) | (7.5) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (4,737.4) | (69.8) | 0.0 |
| Sale of subsidiary, net of cash disposed of | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (4.3) | 0.0 | 0.0 | 0.0 | 0.0 | (4.2) | 0.0 | (4.3) | 0.0 |
| Proceeds from (acquisition of) short-term investments, net | 0.0 | 3,157.5 | 1,920.8 | 292.7 | (480.7) | 75.7 | (152.1) | (665.3) | 253.5 | (147.2) | 1,494.0 | (1,418.8) | 3,029.2 | 5,371.0 | (1,222.4) | 181.6 |
| Proceeds from disposal of long-term investments - equity securities | 0.0 | (2,480.0) | 0.0 | 0.0 | 0.0 | (15.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (2,480.0) | (15.0) | 0.0 |
| Disposal of short and long-term investments - equity securities | (213.7) | 423.1 | 0.0 | 0.0 | 0.0 | 180.6 | 2.9 | 0.0 | 218.1 | 0.0 | 0.0 | 2.4 | 0.0 | 209.3 | 183.5 | 220.5 |
| Proceeds from the disposal of non-current assets | 0.1 | 0.0 | (1.4) | 1.4 | 20.4 | 0.2 | 2.5 | 3.9 | 0.2 | 0.0 | 0.3 | 0.0 | 0.0 | 0.1 | 27.0 | 0.5 |
| Payment for interest in subsidiaries acquired | (35.7) | (2.9) | (2.9) | 0.0 | (7.1) | (14.5) | (13.3) | (12.0) | (3.8) | (28.7) | (1.5) | (3.8) | (17.9) | (41.5) | (46.9) | (37.8) |
| Net cash provided by (used in) investing activities | (625.9) | 863.7 | (2,961.4) | (253.6) | (751.1) | (10.3) | (276.7) | (833.1) | 51.6 | (508.1) | 1,316.4 | (1,705.4) | 2,700.4 | (2,977.2) | (1,871.1) | (845.4) |
| Financing activities | ||||||||||||||||
| Proceeds from borrowings | 1,109.0 | 4,176.4 | 700.0 | 5,714.9 | 1,500.0 | 1,250.0 | 500.0 | 250.0 | 1,050.0 | 1,748.2 | 1,137.7 | 1,245.7 | 1,017.9 | 11,700.3 | 3,500.0 | 5,181.6 |
| Payment of borrowings | (360.0) | (1,148.2) | (1,581.1) | (4,162.8) | (1,569.8) | (2,028.8) | (1,143.1) | (268.1) | (1,580.6) | (1,400.6) | (1,000.5) | (508.0) | (790.1) | (7,252.2) | (5,009.8) | (4,489.7) |
| Payment to FIDC quota holders | (810.0) | (810.0) | (733.3) | (414.3) | (312.5) | (312.5) | (312.5) | (312.5) | (332.5) | (312.5) | (317.5) | (70.0) | (33.3) | (2,767.6) | (1,250.0) | (1,032.5) |
| Proceeds from FIDC quota holders | 247.9 | 336.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 323.6 | 241.1 | 2,406.5 | 584.2 | 0.0 | 564.8 |
| Payment of principal portion of leases liabilities | (32.1) | (13.1) | (17.6) | (20.8) | (26.1) | (19.3) | (34.7) | (19.7) | (21.8) | (18.9) | (30.4) | (1.6) | (13.6) | (83.6) | (99.8) | (72.8) |
| Repurchase of own shares | (232.1) | (756.7) | 0.0 | 0.0 | 0.0 | 53.4 | 0.0 | (53.4) | 0.0 | 0.0 | 0.0 | (292.7) | 0.0 | (988.8) | 0.0 | (292.7) |
| Sale of own shares | 0.0 | 0.0 | 0.0 | 0.0 | 53.4 | (53.4) | 0.0 | 53.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 53.4 | 0.0 |
| Acquisition of non-controlling interests | (0.3) | (0.3) | (0.3) | (0.4) | (0.3) | (0.4) | (0.3) | 0.7 | (0.9) | (0.3) | (0.2) | (0.1) | 0.0 | (1.3) | (0.3) | (1.4) |
| Transaction with non-controlling interests | 230.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 230.5 | 0.0 | 0.0 |
| Dividends paid to non-controlling interests | 0.0 | (0.9) | (0.7) | (1.3) | (0.8) | (0.1) | (1.2) | (1.5) | (1.4) | (0.5) | (1.8) | (2.2) | (2.7) | (3.0) | (3.6) | (6.0) |
| Cash proceeds from non-controlling interest | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 0.0 | 0.0 |
| Net cash provided by (used in) financing activities | 153.9 | 1,783.3 | (1,633.1) | 1,115.3 | (356.1) | (1,111.1) | (991.9) | (351.1) | (887.3) | 15.4 | 111.0 | 612.1 | 2,584.6 | 1,419.4 | (2,810.1) | (148.8) |
| Effect of foreign exchange on cash and cash equivalents | (22.4) | 39.9 | (15.1) | (2.9) | (14.1) | 24.1 | (6.0) | 10.5 | 10.2 | 7.3 | (0.5) | (6.7) | (0.1) | (0.5) | 14.5 | 10.3 |
| Change in cash and cash equivalents | (583.5) | 4,009.2 | (2,830.8) | 1,453.8 | (326.0) | (382.8) | (1,443.7) | (830.6) | 343.0 | 347.1 | 1,490.4 | (1,516.7) | 2,811.9 | 2,048.7 | (2,983.0) | 663.8 |
| Cash and cash equivalents at beginning of period | 2,447.0 | 1,863.5 | 5,872.7 | 3,041.9 | 4,495.6 | 4,169.6 | 3,786.8 | 2,343.2 | 1,512.6 | 1,855.6 | 2,202.7 | 3,693.1 | 2,176.4 | 2,447.0 | 4,495.6 | 1,512.6 |
| Cash and cash equivalents at end of period | 1,863.5 | 5,872.7 | 3,041.9 | 4,495.6 | 4,169.6 | 3,786.8 | 2,343.2 | 1,512.6 | 1,855.6 | 2,202.7 | 3,693.1 | 2,176.4 | 4,988.3 | 4,495.6 | 1,512.6 | 2,176.4 |
Menu
/xl/drawings/drawing5.xml#Menu!A1| Adjusted Net Cash (R$mm) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 | |
| Cash and cash equivalents | 1,863.5 | 5,872.7 | 3,041.9 | 4,495.6 | 4,169.6 | 3,786.8 | 2,343.2 | 1,512.6 | 1,855.6 | 2,202.7 | 3,693.1 | 2,176.4 | 4,988.3 | 4,495.6 | 1,512.6 | 2,176.4 | |
| Short-term investments | 8,673.8 | 4,999.6 | 2,246.0 | 1,993.0 | 2,524.0 | 2,488.0 | 2,716.1 | 3,453.8 | 3,257.3 | 3,493.4 | 2,042.5 | 3,481.5 | 463.7 | 1,993.0 | 3,453.8 | 3,481.5 | |
| Accounts receivable from card issuers | 15,344.5 | 16,896.9 | 18,456.4 | 19,286.6 | 18,425.3 | 17,667.7 | 18,887.5 | 20,748.9 | 18,940.0 | 18,573.4 | 21,105.4 | 23,977.1 | 26,552.2 | 19,286.6 | 20,748.9 | 23,977.1 | |
| Financial assets from banking solution | 663.1 | 842.7 | 1,616.1 | 2,346.5 | 2,498.8 | 2,856.9 | 3,074.1 | 3,960.9 | 4,026.5 | 4,099.3 | 4,576.7 | 6,397.9 | 6,620.3 | 2,346.5 | 3,960.9 | 6,397.9 | |
| Derivative financial instrument | 1.0 | 29.2 | 174.0 | 210.3 | 28.9 | 1.5 | 5.0 | 12.4 | 13.1 | 7.6 | 0.4 | 0.6 | 0.2 | 210.3 | 12.4 | 0.6 | |
| Adjusted Cash | 26,545.9 | 28,641.1 | 25,534.4 | 28,332.0 | 27,646.6 | 26,801.0 | 27,025.8 | 29,688.5 | 28,092.5 | 28,376.5 | 31,418.0 | 36,033.5 | 38,624.6 | 28,332.0 | 29,688.5 | 36,033.5 | |
| Obligations with banking customers | (536.6) | (781.2) | (1,514.6) | (2,201.9) | (2,367.8) | (2,705.0) | (3,144.1) | (4,023.7) | (3,902.2) | (3,918.6) | (4,450.8) | (6,119.5) | (5,985.0) | (2,201.9) | (4,023.7) | (6,119.5) | |
| Accounts payable to clients | (8,406.6) | (10,924.9) | (14,458.1) | (15,726.5) | (14,997.4) | (14,608.2) | (14,779.5) | (16,614.5) | (15,568.6) | (15,555.8) | (17,252.3) | (19,199.1) | (19,044.4) | (15,726.5) | (16,614.5) | (19,199.1) | |
| Loans and financing | (2,282.1) | (5,323.8) | (4,212.0) | (5,861.8) | (5,426.5) | (4,935.0) | (4,456.1) | (4,375.7) | (3,756.5) | (3,916.5) | (4,191.3) | (4,840.3) | (5,203.2) | (5,861.8) | (4,375.7) | (4,840.3) | |
| Obligations to FIDC quota holders | (3,325.4) | (2,522.1) | (2,530.4) | (2,227.2) | (1,916.3) | (1,605.7) | (1,291.8) | (975.2) | (634.7) | (318.0) | (324.0) | (505.2) | (2,901.8) | (2,227.2) | (975.2) | (505.2) | |
| Derivative financial instrument | (19.1) | (6.9) | (16.6) | (23.2) | (400.7) | (192.8) | (250.1) | (209.7) | (241.8) | (340.2) | (342.1) | (316.2) | (350.5) | (23.2) | (209.7) | (316.2) | |
| Adjusted Debt | (14,569.9) | (19,558.9) | (22,731.7) | (26,040.5) | (25,108.8) | (24,046.6) | (23,921.6) | (26,198.9) | (24,103.6) | (24,049.2) | (26,560.5) | (30,980.3) | (33,484.9) | (26,040.5) | (26,198.9) | (30,980.3) | |
| Adjusted Net Cash | 11,976.0 | 9,082.2 | 2,802.7 | 2,291.5 | 2,537.8 | 2,754.4 | 3,104.2 | 3,489.6 | 3,988.8 | 4,327.2 | 4,857.5 | 5,053.3 | 5,139.8 | 2,291.5 | 3,489.6 | 5,053.3 |
Menu
/xl/drawings/drawing6.xml#Menu!A1| Main Operating Metrics | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2021 | 2022 | 2023 |
| TOTAL TPV + PIX P2M1 (R$bn) | 51.0 | 60.4 | 75.0 | 89.0 | 83.9 | 92.0 | 95.4 | 103.2 | 96.9 | 101.7 | 109.5 | 121.0 | 114.3 | 275.4 | 374.4 | 429.2 |
| MSMB TPV + PIX P2M (R$bn) | 32.8 | 39.3 | 51.6 | 66.7 | 64.1 | 71.1 | 76.8 | 85.0 | 82.3 | 87.7 | 95.1 | 106.1 | 101.9 | 275.4 | 297.0 | 371.1 |
| MSMB TPV (R$bn) | 32.8 | 39.3 | 51.6 | 66.7 | 63.4 | 69.9 | 74.7 | 81.9 | 78.9 | 83.3 | 89.6 | 98.5 | 93.4 | 190.4 | 289.9 | 350.3 |
| PIX P2M TPV (R$bn) | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 1.2 | 2.0 | 3.1 | 3.4 | 4.3 | 5.5 | 7.6 | 8.5 | 0.0 | 7.1 | 20.9 |
| Key Accounts TPV (R$bn) | 18.2 | 21.1 | 23.4 | 22.3 | 19.8 | 20.9 | 18.6 | 18.2 | 14.6 | 14.1 | 14.4 | 15.0 | 12.3 | 85.0 | 77.5 | 58.1 |
| Monthly Average TPV MSMB ('000) | 13.9 | 13.7 | 14.4 | 14.6 | 11.8 | 11.8 | 11.2 | 10.9 | 9.5 | 9.2 | 9.0 | 9.2 | 8.3 | 13.1 | 11.1 | 9.3 |
| TPV Overlap2 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 4.9 | 5.8 | 5.1 | n.a. | n.a. | n.a. |
| Active Payments Client Base ('000)3 | 909.3 | 1,094.6 | 1,388.4 | 1,766.1 | 1,926.2 | 2,122.3 | 2,372.1 | 2,584.0 | 2,818.1 | 3,014.7 | 3,330.9 | 3,522.1 | 3,720.6 | 1,766.1 | 2,584.0 | 3,522.1 |
| MSMB4 | 857.8 | 1,045.8 | 1,336.1 | 1,703.4 | 1,870.9 | 2,066.4 | 2,314.4 | 2,526.2 | 2,758.1 | 2,962.0 | 3,279.1 | 3,471.3 | 3,676.2 | 1,703.4 | 2,526.2 | 3,471.3 |
| Key Accounts | 54.4 | 51.7 | 56.1 | 67.4 | 60.2 | 61.2 | 64.3 | 65.0 | 67.6 | 62.6 | 59.3 | 58.3 | 51.9 | 67.4 | 65.0 | 58.3 |
| Net Adds ('000) | 134.8 | 185.3 | 293.8 | 377.7 | 160.1 | 196.1 | 249.8 | 211.9 | 234.0 | 196.6 | 316.2 | 191.2 | 198.5 | 991.6 | 817.9 | 938.1 |
| MSMB | 138.0 | 188.0 | 290.3 | 367.3 | 167.5 | 195.5 | 248.0 | 211.8 | 231.9 | 203.9 | 317.2 | 192.2 | 204.9 | 983.6 | 822.7 | 945.2 |
| Key Accounts | (2.0) | (2.7) | 4.4 | 11.3 | (7.1) | 1.0 | 3.1 | 0.6 | 2.6 | (5.0) | (3.3) | (1.0) | (6.4) | 11.0 | (2.4) | (6.6) |
| Take Rate | ||||||||||||||||
| MSMB | 1.87% | 0.78% | 1.66% | 1.71% | 2.06% | 2.09% | 2.21% | 2.21% | 2.39% | 2.48% | 2.49% | 2.43% | 2.54% | 1.54% | 2.15% | 2.45% |
| Key Accounts | 0.80% | 0.76% | 0.62% | 0.82% | 0.84% | 0.86% | 0.95% | 1.17% | 1.15% | 1.14% | 1.13% | 1.28% | 1.29% | 0.74% | 0.95% | 1.18% |
| Banking5 | ||||||||||||||||
| MSMB Active Banking Client Base ('000) | 237.4 | 340.1 | 422.5 | 491.5 | 509.9 | 526.1 | 561.2 | 692.8 | 1,253.0 | 1,672.0 | 1,931.6 | 2,096.5 | 2,379.7 | 491.5 | 692.8 | 2,096.5 |
| Client Deposits | 536.6 | 781.2 | 1,514.6 | 2,201.9 | 2,367.8 | 2,705.0 | 2,944.7 | 4,023.7 | 3,902.2 | 3,918.6 | 4,450.8 | 6,119.5 | 5,985.0 | 2,201.9 | 4,023.7 | 6,119.5 |
| MSMB Banking ARPAC6 | 11.8 | 13.0 | 18.3 | 25.3 | 33.3 | 39.0 | 43.6 | 44.7 | 36.7 | 25.3 | 25.5 | 28.4 | 29.3 | 18.5 | 40.5 | 30.6 |
| Credit7 | ||||||||||||||||
| Credit Clients8 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 36 | 672 | 3,747 | 10,752 | 18,754 | n.a. | n.a. | 10,752 |
| Working Capital Portfolio (R$mn)9 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 1.2 | 18.7 | 113.5 | 309.4 | 531.7 | n.a. | n.a. | 309.4 |
| Disbursements - EOP (R$mn) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 1.2 | 20.2 | 121.9 | 353.6 | 648.5 | n.a. | n.a. | 353.6 |
| Disbursements - Period (R$mn) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 1.2 | 19.0 | 101.7 | 231.7 | 294.9 | n.a. | n.a. | 353.6 |
| Provision for expected working capital losses (R$mn) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | (3.7) | (19.0) | (39.2) | (44.4) | n.a. | n.a. | (61.9) |
| Accumulated provision for expected working capital losses (R$mn) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | (3.7) | (22.7) | (61.9) | (106.3) | n.a. | n.a. | (61.9) |
| Loan loss provision/Portfolio | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | (20.0%) | (20.0%) | (20.0%) | (20.0%) | n.a. | n.a. | (20.0%) |
| NPL10 15-90 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 0.3% | 0.4% | 2.0% | 2.2% | n.a. | n.a. | 2.0% |
| NPL10 > 90 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 0.0% | 0.0% | 0.3% | 1.5% | n.a. | n.a. | 0.3% |
| 1 - Includes the volume of MSMB PIX P2M (Person to Merchant), transactions from dynamic POS QR Code and static QR Code from Stone and Ton merchants, unless otherwise noted. 2 - MSMB TPV Overlap in Software installed base within the priority verticals - Gas Station, Retail, Drugstores, Food and horizontal software. 3 - Refers to MSMBs and Key Accounts. Considers clients that have transacted at least once over the preceding 90 days, except for Ton product active clients which consider clients that have transacted once in the preceding 12 months. As from 3Q22, does not consider clients that use only TapTon. 4 - MSMB is composed of TON, Stone and Pagar.me products. Does not include clients that use only TapTon. 5 - Except for Total Accounts Balance, banking metrics do not include clients of Pagar.me and those Ton clients who do not have the full banking solution "Super Conta Ton". 6 - ARPAC means Average Revenue Per Active Client. Banking ARPAC considers banking revenues, such as card interchange fees, floating, insurance and transactional fees, as well as PIX P2M revenues. 7 - Credit metrics refer to our working capital loan only, not considering credit cards, which are still not representative. 8 - Credit clients consider merchants who have an active working capital loan contract with Stone on March 31st, 2024. 9 - The working capital portfolio is gross of provisions for losses, but net of amortizations. 10 - NPL (Non-Performing Loans) is the total outstanding of the contract whenever the clients default on an installment. More information on the total overdue by aging considering only the individual installments can be found in Note 5.4.1 of the Financial Statements. |
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/xl/drawings/drawing7.xml#Menu!A1| Capital Allocation (R$ '000) | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 1Q24 | 2021 | 2022 | 2023 |
| CAPEX PP&E (Cashflow) | (334.4) | (190.3) | (86.3) | (472.0) | (136.8) | (168.8) | (47.0) | (65.1) | (340.3) | (196.2) | (55.3) | (144.4) | (180.6) | (1,083.0) | (417.7) | (736.2) | |
| CAPEX Intangivel (Cashflow) | (42.1) | (34.2) | (63.7) | (75.7) | (105.0) | (48.0) | (62.2) | (90.2) | (76.1) | (136.0) | (121.1) | (140.9) | (126.0) | (215.7) | (305.5) | (474.1) | |
| Total | (376.5) | (224.5) | (150.0) | (547.7) | (241.8) | (216.8) | (109.2) | (155.3) | (416.4) | (332.2) | (176.4) | (285.3) | (306.6) | (1,298.7) | (723.2) | (1,210.3) | |
| % Total Revenues | (43.4%) | (36.6%) | (10.2%) | (29.2%) | (11.7%) | (9.4%) | (4.4%) | (5.7%) | (15.4%) | (11.2%) | (5.6%) | (8.8%) | (9.9%) | (26.9%) | (7.5%) | (10.0%) |
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/xl/drawings/drawing8.xml#Menu!A1| 2023 | ∆% y/y | 2024 | ∆% y/y | 1Q24 | ∆% y/y | 2027 | CAGR 24-27 | |
| MSMB TPV (R$bn) | 350 | +21% | > 412 | > +18% | 93 | +18% | > 600 | 13% |
| Clients Deposits (R$bn) | 6.1 | +52% | > 7.0 | > +14% | 6.0 | +53% | > 14.0 | 26% |
| Growth ↑ | ||||||||
| Credit Portfolio (R$bn) | 0.3 | n.a. | > 0.8 | > +2.6x | 0.5 | n.m. | > 5.5 | 90% |
| MSMB Take Rate (%) | 2.45 | +30bps | > 2.49% | > +4bps | 2.54% | +15bps | > 2.70% | - |
| Monetization ↑ | ||||||||
| Adjusted Net Income (R$bn) | 1.6 | +3.8x | > 1.9 | > +22% | 450 | +90% | > 4.3 | 31% |
| Adjusted Administrative Expenses (R$bn) | 1.052 | +6% | < 1.125 | < +7% | 232 | -12% | < 1.450 | 8.8% |
| Efficiency ↑ |
GUIDANCE
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/xl/drawings/drawing9.xml#Menu!A1GLOSSARY OF TERMS
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/xl/drawings/drawing10.xml#Menu!A1"Adjusted Net Cash": is a non-IFRS financial metric and consists of the following items: (i) Adjusted Cash: Cash and cash equivalents, Short-term investments, Accounts receivable from card issuers, Financial assets from banking solution and Derivative financial instrument; minus (ii) Adjusted Debt: Obligations with banking customers, Accounts payable to clients, Loans and financing, Obligations to FIDC quota holders and Derivative financial instrument. "Banking": refers to our digital banking solution and includes insurance products. "Credit": credit metrics refer to our working capital loan only, not considering credit cards, which are still not representative. "Financial Services" segment: this segment is comprised of our financial services solutions serving both MSMBs and Key Accounts. Includes mainly our payments solutions, digital banking and credit. "Key Accounts": refers to operations in which Pagar.me acts as a fintech infrastructure provider for different types of clients, especially larger ones, such as mature e-commerce and digital platforms, commonly delivering financial services via APIs. It also includes clients that are onboarded through our integrated partners program, regardless of client size. "Membership fees": refer to the upfront fee paid by merchants for all Ton offerings and specific ones for Stone when they join our client base. "MSMBs": the combination of SMBs (small and medium business) and micro-merchant clients, from our Stone, Pagar.me and Ton products. "MSMB Active Payments Client Base": refers to SMBs - small and medium business (online and offline) and micro-merchants, from our Stone, Pagar.me and Ton products. Considers clients that have transacted at least once over the preceding 90 days, except for Ton active clients which consider clients that have transacted once in the preceding 12 months. As of 3Q22, does not consider clients that use only TapTon. "Non-allocated": comprises other smaller businesses which are not allocated in our Financial Services or Software segments. "PIX P2M (Person to Merchant)": includes the volume of MSMB PIX P2M (Person to Merchant), transactions from dynamic POS QR Code and static QR Code from Stone and Ton merchants, unless otherwise noted. "Revenue": refers to Total Revenue and Income. "Software" segment: composed of our Strategic Verticals (Retail, Gas Stations, Food, Drugstores and horizontal software), Enterprise and Other Verticals. The Software segment includes the following solutions: POS/ERP, TEF and QR Code gateways, reconciliation, CRM, OMS, e-commerce platform, engagement tool, ads solution, and marketplace hub. "Take Rate (MSMB)": Managerial metric that considers the sum of revenues from financial services solutions offered to MSMBs, excluding Ton's membership fee, TAG revenues and other non-allocated revenues, divided by MSMB TPV. "Take Rate (Key Accounts)": managerial metric that considers revenues from financial services solutions offered to Key Account clients, excluding non-allocated revenues, divided by Key Accounts TPV. "Total Active Payment Clients": refers to MSMBs and Key Accounts. Considers clients that have transacted at least once over the preceding 90 days, except for Ton product active clients which consider clients that have transacted once in the preceding 12 months. As from 3Q22, does not consider clients that use only TapTon. "TPV": Total Payment Volume. Up to the fourth quarter of 2020, refers to processed TPV. From the first quarter of 2021 onwards, reported TPV figures consider all volumes settled by StoneCo.
This presentation and the information contained herein does not constitute an offer for sale or solicitation of an offer to buy any securities of the issuer. This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, each as amended, including, in particular, statements about StoneCo Ltd.'s (the "Company") plans, strategies and prospects and estimates of industry growth or prospects. These statements identify prospective information and may include words such as "believe", "may", "will", "aim", "estimate", "continue", "anticipate", "intend", "expect", "forecast", "plan", "predict", "project", "potential", "aspiration", "objectives", "should", "purpose", "belief", and similar, or variations of, or the negative of such words and expressions, although not all forward-looking statements contain these identifying words. All statements other than statements of historical fact contained in this presentation may be forward-looking statements. The Company has based these forward-looking statements on its estimates and assumptions of its financial results and its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs as of the date of this presentation. These forward-looking statements are conditioned upon and also involve a number of known and unknown risks, uncertainties, and other factors that could cause actual results, performance or events to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the Company's control and may pose a risk to the Company's operating and financial condition. In addition, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for the Company's management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that the Company may make. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Risks that contribute to the uncertain nature of the forward-looking statements include, among others, risks associated with the Company's ability to anticipate market needs and develop and deliver new and enhanced products and services functionalities to address the rapidly evolving market for payments and point-of-sale, financial technology, and marketing services; the Company's ability to differentiate itself from its competition by delivering a superior customer experience and through its network of hyper-local sales and services, the Company's ability to expand its product portfolio and market reach and deal with the substantial and increasingly intense competition in its industry; the Company's ability to retain existing clients, attract new clients, and increase sales to all clients; changes to the rules and practices of payment card networks and acquiring processors; the Company's ability to obtain debt and equity financings; possible fluctuations in the Company's results of operation and operating metrics; the effect of management changes and business initiatives; and other known and unknown risks, all of which are difficult to predict and many of which are beyond the Company's control. The Company has provided additional information in its reports on file with the Securities and Exchange Commission concerning factors that could cause actual results to differ materially from those contained in this presentation and encourages you to review these factors. The statements contained in this presentation are based on the Company's current beliefs and expectations and speak only as of the date of this presentation. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except to the extent required by law. To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Stone also presents the following non-IFRS measures of financial performance: Adjusted Net Income, Adjusted Net Cash, Adjusted Pre-Tax Income, Adjusted Pre-Tax Margin, EBITDA and EBITDA Margin. A "non-IFRS financial measure" refers to a numerical measure of Stone's historical or future financial performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Stone's financial statements. Stone provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered in conjunction with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Stone's performance to that of other companies. Stone has presented Adjusted Net Income to eliminate the effect of items from Net Income that it does not consider indicative of its continuing business performance within the period presented. Stone defines Adjusted Net Income as Net Income (Loss) for the Period, adjusted for (1) amortization of fair value adjustment on acquisitions, (2) mark-to-market of equity investments, and (3) unusual income and expenses. As certain of these measures are estimates of, or objectives targeting, future financial performance ("Estimates"), they are unable to be reconciled to their most directly comparable financial measures calculated in accordance with IFRS. There can be no assurance that the Estimates or the underlying assumptions will be realized, and that actual results of operations or future events will not be materially different from the Estimates. Under no circumstances should the inclusion of the Estimates be regarded as a representation, undertaking, warranty or prediction by the Company, or any other person with respect to the accuracy thereof or the accuracy of the underlying assumptions, or that the Company will achieve or is likely to achieve any particular results. Certain market and/or industry data used in this presentation were obtained from internal estimates and studies, where appropriate, as well as from market research and publicly available information. Such information may include data obtained from sources believed to be reliable. However, the Company disclaims the accuracy and completeness of such information, which is not guaranteed. Internal estimates and studies, which the Company believes to be reliable, have not been independently verified. The Company cannot assure recipients of this presentation that such data is accurate or complete. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products or services of the Company. Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard. This presentation has been prepared solely for informational purposes. Neither the information contained in this presentation, nor any further information made available by the Company or any of its affiliates or employees, directors, representatives, officers, agents or advisers in connection with this presentation will form the basis of or be construed as a contract or any other legal obligation.
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StoneCo Ltd. published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 20:12:46 UTC.
