Bemobi Mobile Tech (BMOB3) Q2 2025 earnings summary

Executive summary

• Achieved 19% year-over-year revenue growth in Q2 2025, with all four business lines posting double-digit increases; Payments grew 26% and Microfinance 27% year-over-year, and Payments TPV rose 29% to R$2.5 billion.

• Adjusted EBITDA increased 24% year-over-year to R$60M, with margin expanding to over 34% due to operational leverage.

• Operational cash flow grew 27% year-over-year to R$45M, maintaining a cash conversion rate above 75% and ending with a cash position of ~R$490M.

• Launched "Grace," an AI-based conversational payments product via WhatsApp, and secured Sabesp as a major client in the sanitation sector.

• Approved R$30M Interest on Equity payment, supporting an aggressive dividend policy and ongoing M&A focus.

Financial highlights

• Net revenue for 2Q25 was R$175.1M (+19% YoY), with all business lines showing double-digit growth.

• Gross profit increased 21% year-over-year, with gross margin at 73.2% (+1.2p.p. YoY).

• Adjusted EBITDA margin improved to 34.2% (+1.4p.p. YoY).

• Adjusted net income (ex-swap) declined 16% year-over-year due to tax and FX impacts.

• Operational cash flow up 27% year-over-year, supported by disciplined capex and strong business performance.

Outlook and guidance

• Management remains optimistic about growth, driven by Payments, SaaS, and new AI-based solutions, with expectations for continued high dividend payouts and active M&A.

• 2025 dividend policy targets a minimum net income of R$100M, with 64.4% of the target achieved in 1H25.

• R$30M in Interest on Equity approved for payment in August 2025.