Q3 2025 Meliuz SA Earnings Call Transcript
Key Points
- Meliuz SA (BSP:CASH3) reported a significant growth in EBITDA, tripling it with a 258% increase compared to the previous year.
- The company achieved a 37% year-on-year growth in revenue, with a notable 63% increase in net revenue from its shopping operations in Brazil.
- Meliuz SA surpassed a milestone by opening over 1 million accounts in a single month, marking a historical achievement for the company.
- The company is consistently among the top five most downloaded shopping apps in Brazil, demonstrating strong market presence and user engagement.
- Meliuz SA has maintained a low customer acquisition cost, which is significantly below the average of other shopping players, showcasing efficient marketing strategies.
- The net revenue from financial services experienced a 40% decline due to negotiations with BV Bank, impacting overall financial performance.
- Despite the growth in revenue, there was a negative cash variation of 4.2 million in Q3 2025, attributed to accounts receivable.
- The company's strategy to invest in Bitcoin has led to a cash allocation of 9.2 million, which may pose risks due to cryptocurrency volatility.
- There is a mismatch between the timing of sales and revenue recognition, leading to potential discrepancies in financial reporting.
- The focus on long-term strategies, such as Bitcoin investments and share buybacks, may divert resources from immediate operational needs.
(interpreted)
This will be recorded and later will be available along with the transcript on our IR website. This slide shared here already available in our in our website in the Securities and Exchange Commission or the CVM website. After our presentation, we have our Q&A session. If you want to ask your questions, please ask, raise your hand button and unmute your microphone at the appropriate time. The floor is yours, Gabriel.
(interpreted)
Thank you, Marcio, and thank everyone who is here.
Well, I would like to take this moment to reflect upon this past 12 months. Since I started as the CEO in the third quarter of 24, it was the first earnings call I had as the CEO of Mellos, now it's my fourth earnings call as the CEO, and this is a historic moment resulting from the hard work of all of our team. I would like to thank all
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