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Valid Soluções (VLID3) investor relations material
Valid Soluções Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenue for 2Q25 was R$490–501 million, down 5% year-over-year, with EBITDA at R$92–104 million, a 29% decrease year-over-year.
New businesses grew 50% year-over-year, now contributing 17% of total revenue and 38% of EBITDA, with annualized revenue surpassing R$320 million.
Net income for 2Q25 was R$55 million, with EPS at R$0.70 for the quarter and R$1.63 for 6M25.
Mobile segment showed strong recovery, offsetting declines in Pay and supporting investments in new business ID.
R$75 million in interest on equity/dividends paid YTD, with an additional R$61 million distribution announced.
Financial highlights
EBITDA margin for 2Q25 was 18.7–19%, down from 24.9–25% in 2Q24.
6M25 EBITDA was R$196 million, a 20% decrease year-over-year.
Net cash position at quarter-end was R$49 million; net debt/EBITDA at -0.1x.
Operating cash flow conversion remained strong, with 70–73% EBITDA-to-cash for the quarter/semester.
Gross margin for 2Q25 was 32.3%, down from 36.6% in 2Q24.
Outlook and guidance
Management expects continued strong growth in new businesses, especially in digital government and onboarding.
ID vertical is projected to maintain double-digit growth, offsetting declines in traditional document issuance.
Focus on expanding new business revenue, digital portfolio, and operational efficiency.
CapEx is expected to rise to 5% of revenue to support technology and talent investments.
R$85 million allocated for acquisitions in 2025, supporting organic and inorganic growth.
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