Nuam (NUAM) Q2 2024 earnings summary

Executive summary

• Achieved strong revenue growth of 20% year-over-year, reaching USD $75.4 million, driven by business diversification and integration across three countries.

• EBITDA increased 38% year-over-year to USD $35.5 million, with margin improving to 47% from 41% year-over-year.

• Net profit was USD $16.8 million, slightly down 0.6% year-over-year, with a net margin of 22%.

• Integration process finalized in November 2023, with high ownership in Chile (98.8%), Colombia (96.7%), and Peru (92.4%).

• Main revenue drivers were compensation and liquidation (46% of total) and negotiation (16%), with notable growth in value-added services (+14%) and information (+8%).

Financial highlights

• Non-trading revenues grew 21% year-over-year; trading revenues up 15% year-over-year.

• Adjusted operating expenses rose 9% year-over-year, reflecting operational efficiencies.

• Income tax expense increased 34% year-over-year due to a larger tax base.

• Balance sheet shows assets at USD $641.7 million and equity at USD $513.0 million as of June 2024.

• Total assets as of June 2025 were M$581,748,910, down 2% from December 2024; equity attributable to controlling interests was M$452,160,685.

Outlook and guidance

• Single market projects and IT integration initiatives are progressing on schedule, with major system implementations expected through 2025.

• Measures are being taken to mitigate exchange rate risk impacts by year-end.

• The company continues to focus on technological implementations and integration of regional operations, aiming for efficiency and risk management improvements.