Bemobi Mobile Tech (BMOB3) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 2025 results with net revenue up over 20% YoY to R$199 million, Payments up 50% YoY, and SaaS up 23% YoY, with these segments now representing nearly 65% of total revenue.

• Adjusted EBITDA rose 20% YoY to R$66 million, and adjusted net income ex-swap increased 31% YoY to R$61 million, maintaining strong margins despite increased investment.

• Company transformed into a vertical payments specialist, expanding from telecom into utilities, education, healthcare, and B2B2B ecosystems through Paytime acquisition.

• Launched innovative payment solutions, including NuPay, Biometric Pix, and Closed-Loop with Nubank, enhancing frictionless and secure payment experiences.

• Eight consecutive quarters of YoY revenue and EBITDA growth, with ongoing expansion into new geographies and client segments.

Financial highlights

• Adjusted net revenue for 4Q25 was R$199.2 million (+20.5% YoY); full-year 2025 reached R$728.8 million (+20% YoY).

• Payments TPV grew 36% YoY to R$3.1 billion in Q4, with a 10% take rate.

• Adjusted gross profit for 4Q25 was R$143.2 million (+21% YoY), with gross margin at 71.9%.

• Adjusted EBITDA for 4Q25 was R$65.9 million (+20% YoY), margin 33.1%; full-year EBITDA was R$245 million (+22% YoY), margin 33.6%.

• Operating cash flow rose 27% YoY to R$53 million in Q4, with cash conversion near 80%.

Outlook and guidance

• Payments and SaaS expected to further increase revenue share, driven by organic growth and Paytime integration.

• 2026 dividend policy to distribute 100% of net income, subject to cash requirements and sustainability.

• Minimum net income guidance for 2025 was R$100 million; actual net income reached R$156.7 million, exceeding guidance by 56.7%.

• Integration of Paytime and Celer expected to drive further growth in B2B2B and PaaS verticals.

• Continued investment in innovation and infrastructure to maintain competitiveness.