Brazil · Delayed Price · Currency is BRL Valid Soluções Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 13% sequential and 3% year-over-year revenue growth, with digital revenue rising to 24% of total. Two M&As (Diazero, HST) strengthen digital security, while EBITDA margin improved to 22%. Cash conversion and net income were impacted by seasonality and special items.
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Q1 2026 saw an 11% revenue decline year-over-year, but EBITDA rose 10% to BRL 140 million, aided by non-recurring items. Strong growth in digital stamps and CIN issuance offset regulatory and FX pressures, while digital and OEM mobile platforms are set to drive future recurring revenues.
Fiscal Year 2025
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Digital businesses grew 27% year-over-year, now making up 23% of revenue, offsetting declines in mature segments. Despite a 5% revenue drop to BRL 2.063 billion, strong cash generation and record shareholder payouts supported investments in digital growth.
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Q3 2025 saw record revenue and EBITDA for the year, driven by strong ID and mobile growth, while new businesses expanded rapidly and pay returned to profitability. The company maintains a robust cash position, invests in technology, and is on track to meet ambitious annual targets.
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Q2 2025 saw stable revenue but lower EBITDA, with strong growth in Mobile and new businesses offset by a sharp decline in Pay. New businesses now represent 17% of revenue and 38% of EBITDA, while a robust pipeline and investments in digital government and onboarding support future growth.
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Revenue grew 4% sequentially to BRL 501 million, with strong gains in ID and new digital businesses, though EBITDA fell 10% year-over-year due to pay segment pressure. New businesses now contribute over a quarter of EBITDA, and the company maintains robust cash flow and disciplined capital allocation.
Fiscal Year 2024
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Record net revenue and strong cash flow in 2024 were driven by rapid growth in new business lines, offsetting declines in traditional segments. The company aims to double in size by 2030 through organic growth and M&A, with a focus on digital government, onboarding, and Mobile.
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Q3 2024 saw record recurring net profit and strong digital revenue growth, driven by IT, Digital Government, and Mobile segments. Cash generation and dividends remained robust, while new business and technology initiatives position the company for future expansion.
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Q2 2024 saw strong core business performance, with net revenue of BRL 518 million and robust growth in digital government and onboarding solutions. EBITDA and net income were solid, and the company maintained a strong net cash position while continuing dividend payments and pursuing M&A opportunities.