Pagseguro Digital Ltd. · NYSE:PAGS
Pagseguro Digital — Q3 2025 Earnings Presentation
28 slides from Pagseguro Digital's earnings presentation, Nov 12, 2025
Slide 1: Q3 2025 Earnings Presentation
PagSeguro Digital Ltd. (NYSE: PAGS) Q3 2025 Earnings Presentation November 12, 2025
Slide 2: Forward-looking statements and Non-GAAP financial measures
Forward-looking statements and Non-GAAP financial measures Forward-looking statements This presentation, prepared by PagSeguro Digital Ltd (“we” or the “Company”), is solely for informational purposes. The information in this presentation does not constitute or form part of, and should not be constr
Slide 3: Q3 2025 Highlights
Q3 2025 HIGHLIGHTS 3
Slide 4: Resilient performance with +14% YoY growth for Revenues and EPS
3Q25 highlights Resilient performance with +14% YoY growth for Revenues and EPS Operational Highlights Total Clients TPV 3Q25 Credit Portfolio Total Funding² Million R$ (Expanded)¹ R$ R$ 33.7 130B 49B 44B +5% YoY -5% YoY +12% YoY +14% YoY +1.6M clients Financial Highlights Net Revenue ex-ITC Gross P
Slide 5: Focus on delivering shareholder value: EPS grew ~2.3x from 2018 to 2024
3Q25 highlights Focus on delivering shareholder value: EPS grew ~2.3x from 2018 to 2024 30 6,62 25 +15.0% 18,5 20 CAGR 6,13 (2018-2024) 5,10 15,2 15 4,57 4,90 4,15 Covid-19 10,0 3,92 Pandemic 4,50 10 3,51 Number of shares repurchased (M) 2,86 3,49 4,0 5 1,7 EPS (diluted, GAAP)(reported)(R$) 1,0 0,0
Slide 6: Business Overview
= BUSINESS OVERVIEW .- ;
Slide 7: Greater than Payments, Greater than Banking: Your growth partner
Business Overview Greater than Payments, Greater than Banking: Your growth partner PAYMENTS BANKING Prepaid TPV Settled into PagBank Accounts Complete set Deposits Complete of payment digital Deposits franchise funds solutions TPV Prepayment banking offer ▪ Customer acquisition ▪ Customer acquisitio
Slide 8: Significant opportunities driving future growth
Business Overview Significant opportunities driving future growth PagBank Market Share Includes self-employed individuals in the informal economy | 19.1M ACTIVE 6.3 40.5 MERCHANTS 15.6% million MEI - Individual-like Merchants | 16.3M ME - Micro Businesses | 4.5M million¹ EPP - Small Businesses| 0.6M
Slide 9: Business Units
as CFR, a i BUSINESS UNITS
Slide 10: Active Client Base: Win on MSMB by focusing on engagement and monetization
Payments + Banking Active Client Base: Win on MSMB by focusing on engagement and monetization Total Clients Strategic Goals Million +5% ▪ Win on MSMB by offering payments and 33.1 33.7 banking products 32.1 Large retail ▪ Expand payments beyond POS Merchants¹ TPV(R$) ▪ Diversify Banking revenue stre
Slide 11: Higher cash-in and strong engagement drives positive Banking performance
Banking Higher cash-in and strong engagement drives positive Banking performance Cash-in¹ Cash-in per Active Banking Client R$ Billion R$ Thousand Highlights +14% +12% ▪ Cash-In 95 5.5 Robust YoY growth as a result of banking offer evolution and higher 84 91 4.9 5.2 principality from clients ▪ App A
Slide 12: Deposits +15% YoY with lower funding cost and stronger customer engagement
Funding Deposits +15% YoY with lower funding cost and stronger customer engagement Total Funding R$ Billion Highlights 15% 43.7 ▪ Resilient level of deposits despite macro scenario 42.9 38.3 5.7 4.3 4.1 ▪ Cost of Funding Efficiency: 6th quarter of consistent cost reduction (as % of CDI) 37.2 39.4 34
Slide 13: Credit +30%, NPLs at half of industry average, origination rising
Credit Credit +30%, NPLs at half of industry average, origination rising Credit Portfolio Credit Portfolio Evolution R$ Billion % Credit Portfolio +30% # million 3Q25 3Q24 YoY % 2Q25 QoQ % 4.2 3.9 Payroll Loans 3.0 2.3 28% 2.9 4% 3.2 Credit Card 0.8 0.7 18% 0.8 4% 74% 72% Working Capital 0.4 0.2 116
Slide 14: Financial Results
ered FINANCIAL RESULTS
Slide 15: Banking strong growth and disciplined payments repricing drives profitability
Revenue and Gross Profit Margin Banking strong growth and disciplined payments repricing drives profitability Total Revenue and Income¹ Payments: Total Revenue and Income¹ R$ Million R$ Million +7% +14% 2.623 2.667 3,411 2.486 3,322 2,981 Q3-24 Q2-25 Q3-25 Banking: Total Revenue and Income R$ Millio
Slide 16: Gross Profit evolution: Banking up 56%, Payments impacted by Selic rising
Gross Profit Margin Gross Profit evolution: Banking up 56%, Payments impacted by Selic rising Gross Profit Evolution YoY Payments: Gross Profit R$ Million R$ Million +2% 1,559 1,431 1,391 33 245 (437) 1,897 189 1,927 Buyback/dividends Banking 18% impact on financial costs R$ 64M 27% Q3-24 Q2-25 Q3-2
Slide 17: Disciplined Cost Management: operating leverage +400bps YoY
P&L Disciplined Cost Management: operating leverage +400bps YoY Total Expenses Highlights R$ Million Q3-25 Q3-24 YoY % Q2-25 QoQ% Total Revenue and Income (ex-ITC)¹ 3,411 2,981 14% 3,322 3% 1. 1 Financial Costs, impacted by Brazilian interest rate hike, mitigated by Financial Costs (1,395) (964) 45%
Slide 18: EPS +14% YoY with ROAE improving 30bps in the same period
Profitability Analysis EPS +14% YoY with ROAE improving 30bps in the same period Net Income (GAAP, Non-GAAP) EPS diluted (GAAP) Equity and ROAE R$ Million R$ Billion ROAE +14% 15.1% 572 571 +30 bps 565 1.88 14.8% 41 28 17 1.79 1.66 14.9 14.4 14.6 531 537 554 Q3-24 Q2-25 Q3-25 Q3-24 Q2-25 Q3-25 Q3-24
Slide 19: Capital strength and value creation: R$2.0bn returned to shareholders LTM
Capital Structure Capital strength and value creation: R$2.0bn returned to shareholders LTM Highlights Buyback Execution and Dividend Payout 15,244 18,542 1 1. Current buyback program (USD 200M) is ~25% executed. Over 9,696 27M shares bought LTM (R$ 1.3 bn). 617 2. 2 Cash Dividend of USD 0,12 per co
Slide 20: FY 2025 Guidance
Outlook FY 2025 Guidance 9M 2025 FY25 Guidance FY25 Updated Guidance Gross Profit +6.3% 7% 11% 5% 7% % y/y +5.1% incl. the financial cost of buybacks and dividends Dec-24 same basis¹ EPS (GAAP, diluted)¹ +15.7% % y/y 11% 15% 13% 15% +12.7% incl. the financial cost of buybacks and dividends Capital E
Slide 21: Closing Remarks
CLOSING REMARKS
Slide 22: Closing Remarks
Closing Remarks Closing Remarks 3Q 2025 Takeaways ▪ Ongoing macro environment as the main challenge, countered by margin discipline and operating leverage ▪ Expansion of our Banking business, accounting for more than 27% of total Gross Profit (+56% YoY), led by the most complete and ease-to-use bank
Slide 23: Planned Succession: Welcoming new Leadership
Management Planned Succession: Welcoming new Leadership Taking New Roles Jan 1st Jan 1st Carlos Mauad | COO Gustavo Sechin | IR Director Next: CEO Next: CFO Board appointments¹: Alexandre Magnani (current CEO) and Artur Schunck (current CFO) will be appointed to PagSeguro Digital’s Board of Dire
Slide 24: Q&A
Q&A To ask a live question via audio, please use the “raise hand” button to join the queue. Once you are announced, a request to activate your microphone will appear on your screen. Please ask all your questions at once. Webcast: click here to register
Slide 25: Appendix
APPENDIX PagSeguro Digital Ltd. (NYSE: PAGS) Earnings Presentation August 13, 2025 | Webcast: click here to register 25
Slide 26: Net Income Reconciliation and EPS
Appendix Net Income Reconciliation and EPS R$ million Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Net Income | GAAP 531 599 525 537 554 Non-GAAP Items 41 32 29 28 17 Long-term Incentive Plan 41 28 23 21 3 Amortization of Fair Value Adjustment 5 5 5 5 5 Amortization of Capitalized Expenses of Platforms Development
Slide 27: Challenging macro backdrop impacting overall activity
3Q25 highlights Challenging macro backdrop impacting overall activity GDP(YoY) Trade and Service Monthly survey (YoY) 1 1. Consumer confidence weakened, leading to BCB IBGE IBC-Br | Without seasonal adjustments – Annual variation Monthly Retail Survey reduced discretionary spending 7,1% 5,3% 6,0% 5,
Slide 28: Investor Relations Media Press
YouTube Logo PNG, Transparent YouTube Linkedin - ícones de mídia Logo Icon Free DOWNLOAD social grátis Investor Relations Website: https://investors.pagbank.com/ E-mail: ir@pagbank.com Address: Av. Brigadeiro Faria Lima, 1384, 10th floor | São Paulo Zip Code (CEP): 01451-001 Media Press Website: htt
PagSeguro Digital Ltd. Class A Common Shares — Q3 2025 Earnings Presentation on 6ix