Bemobi Mobile Tech (BMOB3) Q2 2025 earnings summary

Executive summary

• Achieved 19% year-over-year revenue growth in Q2 2025, with all business lines posting double-digit increases; Payments grew 26% and Microfinance 27% year-over-year.

• Payments total processing volume (TPV) rose 29% year-over-year to R$2.5 billion, now representing 36.5% of total revenue.

• Adjusted EBITDA increased 24% year-over-year to R$60M, with margin expanding to 34.2% due to operational leverage.

• Operational cash flow grew 27% year-over-year to R$45M, maintaining a cash conversion rate above 75% and ending with a cash position of ~R$490M.

• Launched AI-driven payments products (PRACE/Grace) via WhatsApp and secured Sabesp as a major client, expanding into sanitation and new geographies.

Financial highlights

• Net revenue for Q2 2025 was R$175.1M (+19% YoY), with gross profit up 21% and gross margin at 73.2%.

• Adjusted EBITDA margin improved to 34.2% (+1.4p.p. YoY), with adjusted net income ex-swap down 16% due to tax and FX impacts.

• Operational cash flow up 27% year-over-year, with cash conversion above 75%.

• Cash position decreased due to R$58–59M in dividend payments, profit sharing, and FX devaluation, but remains strong at nearly R$490M.

• CAPEX for Q2 2025 was R$14.8M (+17% YoY), focused on R&D and new product development.

Outlook and guidance

• Confident in sustaining accelerated growth, with expectations for continued high dividend payouts and active M&A aligned with strategic priorities.

• 2025 dividend policy targets a minimum net income of R$100M, with R$141.5M in distributions planned; 64.4% of guidance achieved as of Q2.

• Anticipates further expansion in vertical payments, SaaS, and new geographies, leveraging under-penetration in target segments.

• AI initiatives and infrastructure investments expected to drive productivity and support future growth, though EBITDA margin may stabilize or slightly decrease as growth is prioritized.