Wiz Co Participações e Corretagem de Seguros (WIZC3) Q1 2025 earnings summary

Executive summary

• Net revenue ex commissions reached BRL 259.2 million, up 11.9% YoY; EBITDA rose 13.7% to BRL 179.5 million and reported net income increased 25.0% to BRL 84.1 million.

• Adjusted net income was BRL 108.3 million, up 5.5% YoY; insurance premium issuance set a record at BRL 976.2 million, up 15.9%.

• Insurance operations led growth, while management emphasized proprietary technology, sustainable growth and disciplined cash management.

Financial highlights

• Gross revenue was BRL 511.5 million, up 11.7% YoY; net revenue ex commissions was BRL 259.2 million, up 11.9%.

• Consolidated net income reached BRL 84.1 million, up 25.0%; parent net income was BRL 46.7 million, up 24.5%.

• Adjusted net income was BRL 108.3 million, up 5.5% YoY; current net revenue excluding Caixa was BRL 211.2 million, up 16.7%.

• Record insurance premium issuance totaled BRL 976.2 million, up 15.9% YoY and 4.6% QoQ.

Outlook and guidance

• Strategy focused on sustainable growth, proprietary technology, monetizing operations and capturing synergies amid a turbulent macroeconomic environment.

• 2025 priorities included further Wiz Pro development and disciplined cash management; six business units used the platform consistently in Q1.

• Private consignment was expected to develop as bank partners test the offering; Promotiva’s recovery after the INSS payroll-loan block was expected to be gradual, with Q2 below prior-year levels.