- PagBank (PAGS, Financial) reported net revenue of R$4.9 billion in Q1 2025, marking a 13% YoY increase.
- Recurring net income rose by 6% YoY to R$554 million.
- The company announced its inaugural dividend of USD 0.14 per share, payable on June 6, 2025.
PagBank (PAGS), a leading digital bank, posted strong financial results for the first quarter of 2025. The company achieved a net revenue of R$4.9 billion, representing a 13% increase compared to the same period last year. Recurring net income also saw growth, reaching R$554 million, a 6% rise year-over-year.
The company's gross margin improved by 7% YoY to R$1.9 billion, highlighting effective cost management despite a challenging macroeconomic environment. Additionally, PagBank's credit portfolio surged by 34% YoY to R$3.7 billion, with a notably low non-performing loan rate of 2.3%, well below the market average of 4.4%.
A significant milestone for PagBank this quarter was announcing its first-ever dividend payment of USD 0.14 per share, scheduled for June 6, 2025. The company aims to distribute approximately 10% of its net income as annual dividends moving forward, subject to market conditions and board approval.
In terms of operational highlights, PagBank's total payment volume grew by 16% YoY to R$129 billion, and total deposits increased by 10.9% to R$33.9 billion, reflecting robust customer engagement. The company also maintained its active share buyback program, repurchasing R$353 million in shares and planning the cancellation of 24 million shares.
These results underscore PagBank's strong financial position and commitment to enhancing shareholder value through strategic initiatives and disciplined risk management.
