EVERTEC (EVTC) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue grew 8% year-over-year to $229.6 million, with constant currency growth of 10% and strong organic gains across all segments, especially in Latin America and ATH Móvil, supported by recent acquisitions.

• Adjusted EBITDA increased 8% to $92.6 million, with a margin of 40.3%, and Adjusted EPS rose 7% to $0.89, driven by EBITDA growth and lower interest expense.

• GAAP Net Income attributable to common shareholders rose 27% to $40.5 million, or $0.62 per diluted share.

• Operating cash flow for the first half was $86.1 million, with liquidity at $484.5 million as of June 30, 2025.

• Share repurchase authorization increased to $150 million through December 2026, with $10 million returned to shareholders in H1 2025 via dividends and repurchases.

Financial highlights

• Q2 2025 revenue: $229.6 million (up 8% year-over-year); constant currency growth 10%.

• Adjusted EBITDA: $92.6 million (up 8%); margin at 40.3% (down slightly year-over-year).

• Adjusted Net Income: $57.7 million (up 7%); Adjusted EPS: $0.89 (up 7%).

• Net cash from operating activities for H1 2025: $86.1 million; capital expenditures at $42.3 million.

• Net debt to trailing twelve month adjusted EBITDA: 1.95x as of June 30, 2025.

Outlook and guidance

• 2025 revenue expected between $901 million and $909 million, 6.6%–7.6% growth; constant currency growth 7.8%–8.7%.

• Adjusted EPS guidance raised to $3.44–$3.52, 4.8%–7.0% growth; constant currency Adjusted EPS growth 6.3%–8.5%.

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

• CapEx for 2025 projected at $85 million; continued cash returns to shareholders via dividends and repurchases.

• Board anticipates maintaining a regular quarterly dividend of $0.05 per share, subject to approval.