B3 Sa Brasil Unsp/Adr (BOLSY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, I'm Fernando Campos from B3's investor relations team, and welcome to another earnings event, where André Milanese, B3's CFO, and I will analyze the results of the first quarter of 2025. André will start by providing an overview of the quarter. Thanks, Fernando. Well, we had another positive quarter with an 8% increase in gross revenues when comparing to the first quarter of last year. This is a result of our business model that allows the company to grow in different scenarios. In this context, it is worth highlighting the performances of the derivatives and fixed income segments, which benefit from higher interest rates and the high volatility that we had during the first quarter of the year. which more than offset the still challenging environment for equities. Our net income reached R$1.1 billion in the quarter, and our earnings per share were R$0.21 per share, which represented an increase of 25% when compared to the first Q of 24, which reflects also the more intense activity that the company has been having on its buyback programs. Fernando will now talk a little bit more about the operational performance that explains this dynamic that I just commented on revenues. Just remembering that this was the first quarter with a new revenue segmentation, which in our view better represents the current stage of the company and its growth strategy. Fernando. Thanks, André. Speaking of markets segment in derivatives, the ADV, the average daily volume, total 8.9 million contracts, a decline of 9% compared to the first quarter of 2024, with lower activity in interest rates and indexes market. On the other hand, RPC, or revenue per contract, grew by 29%, mainly driven by the devaluation of the real against the USD, which impacts effects and interest rates in USD cont...