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Valid Soluções (VLID3) investor relations material
Valid Soluções Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 delivered the highest revenue and EBITDA of the year, with new businesses growing 30% year-over-year and representing 15-16% of total revenue and 26% of total EBITDA.
ID and mobile verticals showed strong year-over-year growth, while the pay vertical returned to positive margins after structural adjustments.
Recurring net income reached BRL 67 million, the best period of the year, despite a 13% year-over-year decline.
The company is executing a strategy to shift its revenue matrix toward high-growth, resilient digital government and onboarding solutions.
Consistent growth in new businesses with healthy margins, supported by traditional business segments.
Financial highlights
Q3 2025 net revenue ranged from BRL 540 million to BRL 580 million (up 10% from Q2, down 6-7% year-over-year).
Q3 2025 EBITDA ranged from BRL 115 million to BRL 157 million, with margins up to 32.6%, the highest of the year.
Year-to-date EBITDA: BRL 311 million (down 18-19% year-over-year); net income: BRL 180 million; EPS: BRL 2.30.
Recurring net income for Q3: BRL 67 million, best period of the year.
Operating cash flow for Q3: BRL 122 million, with 106-107% EBITDA conversion.
Outlook and guidance
On track to reach BRL 350 million in new business revenue and over BRL 100 million in EBITDA for the year.
Digital government and onboarding expected to expand, with new integrated identity platform revenues anticipated in 2026.
Mobile segment poised for potential upside, especially with eSIM adoption in China.
Continued focus on long-term growth, technology investment, and shareholder remuneration.
New Businesses expected to continue as main growth driver, with annualized 3Q25 revenue indicating a 54% YoY increase.
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