Bemobi Mobile Tech (BMOB3) Q1 2025 earnings summary

Executive summary

• Revenue grew 18% year-over-year, led by Payments (+23% YoY) and Digital Subscriptions (+26% YoY), with Payments TPV reaching R$2.4 billion (+26% YoY) and expansion into new geographies and sectors.

• Expanded client base to 1,514 active clients across 60 countries, onboarding 39 new customers, including major enterprises and medium-sized companies.

• Adjusted EBITDA rose 22% YoY to R$56.6 million, with margin up to 34% (+110bps YoY).

• Net income increased 59% YoY to R$34.8 million; adjusted net income ex-swap up 20% YoY to R$28 million.

• Operational cash generation exceeded R$43 million (+28% YoY), with cash conversion above 76% and quarter-end cash position at R$520 million.

Financial highlights

• Net revenue: R$167.0 million (+17.9% YoY); gross profit: R$121.1 million (+18% YoY); gross margin stable at 72.5%.

• Adjusted EBITDA: R$56.6 million (+22% YoY); EBITDA margin: 33.9% (+1.1p.p. YoY).

• Net income: R$34.8 million (+59% YoY); adjusted net income ex-swap: R$28 million (+20% YoY); net margin ex-swap: 16.8%.

• Free cash flow was negative due to R$83 million in non-operational outflows (dividends, buybacks).

• Cash and equivalents at quarter-end totaled R$520 million.

Outlook and guidance

• Management targets minimum net income of R$100 million for 2025, with Q1 representing 31.2% of the target.

• Payments and SaaS expected to increase share of revenue to 70–80% over time.

• Dividend policy for 2025 includes R$200 million in distributions, with R$58.5 million from 2024 already approved.

• Continued expansion into new industries and geographies, with emphasis on digital payments and SaaS growth.

• Capex expected to grow slower than operational performance, supporting enhanced cash generation.