StoneCo Ltd. (STNE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone. Thank you for standing by. Welcome to StoneCo's fourth quarter and fiscal year 2025 earnings conference call. By now, everyone should have access to our earnings release. The company also posted a presentation to go along with its call. All material can be found online at investors.stone.co. Before we begin the call, I advise you to review the disclaimer included in the press release and presentation, which outlines important information about forward-looking statements and non-IFRS financial measures. In addition, many of the risks regarding the business are disclosed in the company's Form 20-F, filed with the Securities and Exchange Commission, which is available at www.sec.gov. In hindsight, I would like to highlight that the company is restricting the number of questions to one per analyst. Joining the call today is StoneCo's former CEO, Pedro Zinner, the incoming CEO, Mateus Scherer, the CFO and IRO, Diego Salgado, and the head of IR, Roberta Noronha. I would now like to turn the conference over to Pedro Zinner. Thank you, operator, and good evening, everyone. This call marks the conclusion of my journey as CEO of Stone, and the beginning of a new chapter as I transitioned leadership to Matheus. During my tenure, we chose to fight complexity directly, simplifying the business, sharpening our focus on payments, banking and credit, and building a more resilient and scalable platform for long-term growth. In 2025, that meant selling our software assets, Lynx, to TOTUS for more than 3 billion reais. not because it was a bad business but because it set outside the intersection where our competitive advantages live it also meant expanding our credit book prudently launching products like tapstone and payments links with the zero settlement unif...