Q1 2025 B3 SA Brasil Bolsa Balcao Earnings Call Transcript

May 9, 2025 / 01:00 PM GMT

Release Date Price: $7.68 (+0.39%)

Transcript

Key Points

Positve

B3 SA - Brasil Bolsa Balcao (BOLSY) reported an 8% increase in gross revenues compared to the first quarter of the previous year, driven by strong performances in derivatives and fixed income segments.
Net income reached 1.1 billion rials, with earnings per share increasing by 25% compared to the first quarter of 2024.
The company successfully launched several new products, including Bitcoin futures, which contributed significantly to revenue.
B3 SA - Brasil Bolsa Balcao (BOLSY) has been active in its buyback program, canceling around 160 million shares, representing about 3% of the company's share capital.
The company received regulatory approval for new products, including futures on Ethereum and Solana, indicating potential for future revenue growth.

Negative

The average daily volume (ADV) in derivatives declined by 9% compared to the first quarter of 2024, indicating lower activity in interest rates and indexes market.
Financial expenses were impacted by a higher leverage level and nonrecurring items, affecting the financial results for the quarter.
Equity margins were lower compared to the previous year, with uncertainty about whether this trend will continue.
Expenses grew above inflation compared to the first quarter of 2024, primarily due to increased data processing expenses.
The fixed income electronic trading platform is still in the early stages, with no significant revenue expected this year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

B3SA3.SA - B3 SA Brasil Bolsa Balcao
Q1 2025 B3 SA Brasil Bolsa Balcao Earnings Call
May 09, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, I'm Fernando Campos from Bree's investor relations team, and welcome to another earnings earnings event where Andrea Milan is, Bree's CFO, and I, we analyze the results of the first quarter of 2025. Andre, we start by providing an overview.

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Unidentified_2 [2]
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Of the quarter. Thanks, Fernando.

Well, we had another positive quarter with an 8% increase in gross revenues when comparing to the first quarter of last year. This is a result of our business model that allows the company to grow in different scenarios. In this context,

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