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BR Advisory Partners Participações (BRBI11) investor relations material
BR Advisory Partners Participações Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Revenue and net income declined year-over-year due to a challenging macroeconomic environment and restrictive monetary policy, but profitability and liquidity remained resilient.
Net income for Q3 was R$42.2 million, down 6.6% quarter on quarter and 15.8% year on year; nine-month net income was R$130.5 million, down 13.9% year on year.
Awarded Best Investment Bank by M&A Advisory, Best Capital Markets Department by Euromoney, Leaders League M&A category for 2024, and Investment Banking of the Year (South America).
Extraordinary dividend of R$107.1 million approved for Q3, with an annualized dividend yield of 13.9% and cumulative payout since IPO exceeding R$661 million.
Financial highlights
Total revenue for Q3 was R$133.3 million, down 4.3% quarter on quarter and 15.5% year on year; nine-month revenue was R$400.1 million, down 8.5% year on year.
Client revenues for 9M25 reached R$300.7 million, a 10.1% decrease year on year.
ROAE for Q3 was 20.9%, and 21.6% for 9M25.
Net margin for 9M25 was 32.6%; efficiency ratio improved to 45.8% in 9M25.
Compensation ratio was 23.8% in 9M25, reflecting lower bonus provisioning.
Outlook and guidance
M&A and capital markets pipeline is improving, with expectations of a constructive scenario in 2026, subject to interest rate cuts and election outcomes.
Revenue diversification in non-cyclical verticals has reduced volatility, with non-cyclical business revenue growing at a 34.6% CAGR since 2020.
Dividend payout policy set at 60-65% of results going forward.
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Next BR Advisory Partners Participações earnings date
Q4 202510 Feb, 2026
Next BR Advisory Partners Participações earnings date
Q4 202510 Feb, 2026
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Frequently asked questions
BR Advisory Partners Participações S.A. is a Brazil-based financial services company specializing in the banking sector. Operating as an independent merchant bank, the company is engaged in providing a wide range of financial advisory services, including sophisticated and structured solutions to a diversified client base. Its core business activities encompass investment banking, where it offers services related to mergers and acquisitions, fund raising, strategic partnerships, and corporate restructuring. Additionally, BR Advisory Partners Participações provides services in capital markets, treasury sales and structuring, wealth management, derivatives, bank guarantees, instrument rating, and foreign exchange. The company is headquartered in São Paulo, Brazil, and its shares are listed on the B3.
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