B3 Sa Brasil Unsp/Adr (BOLSY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the B3's earnings results presentation for the second quarter of 2025, where André Milanes, B3's CFO, will discuss the results along with Fernando Campos, Investor Relations Associate Director. We would like to inform you that all participants will be in listen-only mode during the company's presentation. After the company's remarks are completed, there will be a question and answer section when further instructions will be given. As a reminder, this conference is being broadcasted live via webcast. The replay will be available after the event is concluded. Hi, 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 second quarter of 2025. André, we will start by providing an overview of the quarter. André? Thank you, Fernando. In a macro scenario without significant changes with high interest rates in Brazil and some isolated volatility events impacted by the political scenario, we were able to deliver again consistent results for another quarter thanks to our diversified business model. Our total revenue grew by 1% in comparison to the second quarter of 24, driven by the good performance in fixed income and technology, of setting a weaker performance of derivatives, which had, by the way, a tough comparison with the highest volume in history of B3, which took place in the second quarter of last year. Compared to the first quarter of this year, the growth was 3% with a better performance in equities. Net income reached 1.3 billion reais and earnings per share were 25 cents of Real, a 13% increase compared to the second quarter of 24, which reflect the execution of the company's buyback programs during that per...