Pagseguro Digital Ltd. · NYSE:PAGS
Pagseguro Digital — Q2 2025 Earnings Presentation
29 slides from Pagseguro Digital's earnings presentation, Sep 18, 2025
Slide 1: Q2 2025 Earnings Presentation
PagSeguro Digital Ltd. (NYSE: PAGS) Q2 2025 Earnings Presentation August 13, 2025 | Webcast: click here to register
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: Q2 2025 Highlights
Q2 2025 HIGHLIGHTS 3
Slide 4: Resilient performance with disciplined execution and value creation
2Q25 highlights Resilient performance with disciplined execution and value creation Operational Highlights Total Clients TPV 2Q25 Credit Portfolio Total Funding² Million R$ (Expanded)¹ R$ R$ 33.1 130B 48B 43B +5% YoY +4% YoY +11% YoY +15% YoY Financial Highlights Net Revenue 2Q25 Gross Profit Net In
Slide 5: Challenging macro backdrop impacting overall activity
2Q25 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% 6.0% 5.9% 4.
Slide 6: Proven track record EPS: Up ~2.3x, focused on delivering shareholder value
2Q25 highlights Proven track record EPS: Up ~2.3x, focused on delivering shareholder value 30 6.62 25 +15.0% 20 CAGR 6.13 (2018-2024) 5.10 15.2 15 4.57 4.90 4.15 10.0 3.92 4.50 8.2 10 Covid-19 3.51 Pandemic Number of shares repurchased (M) 2.86 3.49 4.0 5 EPS (diluted, GAAP)(reported)(R$) 1.7 1.0 0.
Slide 7: Business Overview
BUSINESS OVERVIEW 7
Slide 8: Greater than Payments, Greater than Banking: Your growth partner
Business Overview Greater than Payments, Greater than Banking: Your growth partner PAYMENTS BANKING Prepaid TPV Settled into PagBank Accounts Complete set Deposits Complete of payment digital Deposits franchise funds solutions TPV Prepayment banking offer ▪ Customer acquisition ▪ Customer acquisitio
Slide 9: Significant opportunities to drive future growth
Business Overview Significant opportunities to drive future growth PagBank Market Share Includes self-employed individuals in the informal economy | 19.1M ACTIVE 6.3 40.5 MERCHANTS 15.6% million MEI - Individual-like Merchants | 16.3M ME - Micro Businesses | 4.5M million¹ EPP - Small Businesses| 0.6
Slide 10: Business Units
BUSINESS UNITS 10
Slide 11: Segmentation reviewed to better capture company strategic positioning
Business Overview Segmentation reviewed to better capture company strategic positioning Our Purpose Large retail ▪ To facilitate the financial lives of businesses and individuals Merchants¹ TPV(R$) >3M/month Recap on Our Strategic Goals ▪ Win on MSMB with payments and banking offering ▪ Expand payme
Slide 12: Building a high-quality client base
Payments + Banking Building a high-quality client base Total Clients Highlights Million Customer +5% Acquisition ▪ Customer base expansion 33.1 31.6 32.0 ▪ Focus on activating higher value clients Customer ▪ Prioritizing profitability over volumes Engagement ▪ Deepening customer engagement and monet
Slide 13: Margin-focused performance amid macroeconomic challenges
Payments Margin-focused performance amid macroeconomic challenges Cards TPV Total TPV TPV per Active Merchant Highlights R$ Billion PIX -3% Y/Y R$ Thousand +4% +7% ▪ TPV Growth Repricing initiatives to mitigate financial cost increase with a 124 129 130 20.6 20.7 clear focus on profitability 16% 19.
Slide 14: Improved Banking revenue contribution through higher Cash-In/Active Client
Banking Improved Banking revenue contribution through higher Cash-In/Active Client Cash-in¹ Cash-in per Active Banking Client R$ Billion R$ Thousand Highlights +19% +18% ▪ Cash-In 91 5.2 Robust growth YoY as a result of banking offer evolution 83 4.4 4.8 during this period and higher principality 76
Slide 15: Deposits +10% QoQ with increased cost efficiency
Funding Deposits +10% QoQ with increased cost efficiency Total Funding APY2 on Total Deposits R$ Billion % of CDI 2Q25 2Q24 YoY % 1Q25 QoQ % Checking Accounts 10.5 11.5 -8% 10.3 2% 95% 90% 89% Certificate of Deposits 17.2 16.7 3% 16.3 6% 68% 49% 47% Interbank Deposits 9.5 6.0 57% 7.3 30% Total Depos
Slide 16: Total Credit Portfolio +35% YoY, NPL ~2x lower than industry average
Credit Total Credit Portfolio +35% YoY, NPL ~2x lower than industry average Credit Portfolio Credit Portfolio Evolution R$ Billion % Credit Portfolio +35% 2Q25 2Q24 YoY % 1Q25 QoQ % 3.7 3.9 Payroll Loans 2.9 2.0 43% 2.7 5% 2.9 Credit Card 0.8 0.7 17% 0.8 6% 74% 74% Working Capital 0.23 0.20 13% 0.17
Slide 17: Financial Results
FINANCIAL RESULTS
Slide 18: Total revenue +18% YoY (ex-ITC), accelerating banking performance (+61% YoY)
Revenue and Gross Profit Margin Total revenue +18% YoY (ex-ITC), accelerating banking performance (+61% YoY) Total Revenue and Income Payments: Total Revenue and Income (net of Interchange) R$ Million R$ Million +10% +11% 2,639 2,571 5,058 4,850 2,394 4,557 Q2-24 Q1-25 Q2-25 +18% Banking: Total Reve
Slide 19: Banking strong growth and disciplined payments repricing drives profitability
Gross Profit Margin Banking strong growth and disciplined payments repricing drives profitability Gross Profit Evolution YoY Payments: Gross Profit R$ Million R$ Million +7% 1,559 1,465 1,431 (15) 261 (347) 1,945 1,819 253 Banking Buyback/dividends 14% impact on financial costs R$ (25)M 26% Q2-24 Q1
Slide 20: Operating leverage +80bps YoY
P&L Operating leverage +80bps YoY Total Expenses Highlights R$ Million Q2-25 Q2-24 YoY % Q1-25 QoQ% Total Payment Volume 129,520 124,374 4% 129,230 0% 1. 1 Financial Costs, impacted by Brazilian interest rate hike, mitigated by the ongoing repricing in Payments and funding management Total Revenue a
Slide 21: EPS +14% YoY with ROAE improving 120bps in the same period
Profitability Analysis EPS +14% YoY with ROAE improving 120bps in the same period Net Income (GAAP, Non-GAAP) EPS diluted (GAAP) Equity and ROAE¹ R$ Million R$ Billion LTM ROAE +4% +14% 14.0% +120 bps 15.2% 554 565 1.79 542 28 1.72 38 29 14.3% 14.2% 14.5% 1.56 +2% 14.9 14.6 14.3 525 537 504 Q2-24 Q1
Slide 22: Capital strength and value creation: R$1.9bn returned to shareholders LTM
Capital Structure Capital strength and value creation: R$1.9bn returned to shareholders LTM Highlights Buyback Execution and Dividend Payout 1. 1 Cash Dividend of USD 0,14 per common share paid on June 6, 2025 15,244 15,021 9,696 2. 2 Additional Dividend of USD 0,12 per common share to be paid on 42
Slide 23: FY 2025 Guidance
Outlook FY 2025 Guidance 1H 2025 FY25 Guidance Gross Profit +7.0% 7% 11% % y/y +7.7% exc. the financial cost of buybacks and dividends Dec-24 same basis¹ EPS (GAAP, diluted) +14.0% % y/y 11% 15% Capital Expenditures R$ 1.2B YTD R$ Billion 2.2B 2.4B YTD performance Guidance range 1 – GAAP diluted EPS
Slide 24: Closing Remarks
CLOSING REMARKS
Slide 25: Closing Remarks
Closing Remarks Closing Remarks 2Q 2025 Takeaways ▪ Sustainable growth and profitability despite ongoing market challenges ▪ Consistent expansion of our Banking business, accounting for more than 26% of total Gross Profit (+97% YoY) ▪ Mitigate macro uncertainty through (i) repricing, (ii) operating
Slide 26: 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. You can also write your question directly into the Q&A icon on the lower part o
Slide 27: Appendix
APPENDIX PagSeguro Digital Ltd. (NYSE: PAGS) Earnings Presentation August 13, 2025 | Webcast: click here to register 27
Slide 28: Net Income Reconciliation and EPS
Appendix Net Income Reconciliation and EPS R$ million Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Net Income | GAAP 504 531 599 525 537 Non-GAAP Items 38 41 32 29 28 Long-term Incentive Plan 38 41 28 23 21 Amortization of Fair Value Adjustment 5 5 5 5 5 Amortization of Capitalized Expenses of Platforms Developmen
Slide 29: 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 — Q2 2025 Earnings Presentation on 6ix