EVERTEC (EVTC) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 grew 11% year-over-year to $228.8 million, or 15% on a constant currency basis, driven by double-digit organic growth across all segments and contributions from recent acquisitions.

• Adjusted EBITDA increased 14% to $89.4 million, with margin up 100 basis points to 39.1%.

• Adjusted EPS rose 21% to $0.87, while GAAP Net Income attributable to common shareholders more than doubled to $32.7 million ($0.50 per diluted share).

• Growth was supported by strong organic performance, recent acquisitions (Grandata and Nubity), and margin expansion in key areas.

Financial highlights

• Operating cash flow was $37.6 million; liquidity stood at $459.7 million as of March 31, 2025.

• Adjusted net income was $56.3 million, up 17% year-over-year.

• Returned $3.2 million to shareholders via dividends.

• Net debt to trailing 12-month adjusted EBITDA improved to 2.04x from 2.5x a year ago.

• Cash and cash equivalents at quarter-end were $265.9 million.

Outlook and guidance

• 2025 constant currency revenue guidance raised to $903–$911 million, representing 6.8–7.7% growth year-over-year.

• Constant currency adjusted EPS expected to grow 4.9–7.6% to $3.44–$3.53.

• Adjusted EBITDA margin expected at 39.5–40.5%; adjusted effective tax rate 6–7%.

• CapEx planned at $85 million for 2025.