Brazil · Delayed Price · Currency is BRL Wiz Co Participações e Corretagem de Seguros Earnings Call Transcripts
Fiscal Year 2026
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Q2 revenue and consolidated earnings declined amid payroll-credit disruption and a weaker market, while Inter Seguros and Omni1 grew. Deleveraging continued, and management expects payroll-related pressure through H2.
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Q1 revenue, EBITDA, and net income declined amid macro and payroll-credit pressures, while Inter Seguros and Omni1 grew strongly. Net debt fell, and BRL 100.5 million in dividends was approved.
Fiscal Year 2025
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Record 2025 premiums and higher EBITDA and net income reflected resilient, diversified operations despite macro and credit pressures. Lower leverage and a proposed 50% earnings payout accompanied leadership and governance changes.
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Q3 revenue, EBITDA and net income grew, with record premium issuance; credit and consortium remained under pressure. Banrisul adds a five-year distribution channel, while the Concept sale advances simplification and cash generation supports deleveraging.
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Q2 revenue, EBITDA and net income grew, led by insurance, while debt declined 35% YoY. Management expects a more challenging H2, with credit conditions and higher interest rates weighing on the outlook.
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Record insurance issuance and growth in net revenue, EBITDA, and net income marked Q1. Management expects continued growth while navigating high rates, the Promotiva recovery, and selective capital deployment.
Fiscal Year 2024
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FY24 gross revenue reached BRL 1.9bn and EBITDA BRL 686m, both records; net profit rose 25.8%. Growth spanned insurance, credit, and consortium, while 2025 priorities center on deleveraging, efficiency, and proprietary channels.
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Q3 adjusted EBITDA rose 17.8% YoY to BRL 187.6 million, and revenue grew 15.7%; insurance and credit/consortium led growth. Management expects momentum to continue while prioritizing debt, cash discipline, and selective M&A.
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H1 adjusted EBITDA rose 32.4% YoY, while Q2 adjusted net profit grew 37.9%. Insurance and credit/consortium expanded, and H2 margin gains are expected from seasonal volumes, operating leverage, and cost savings.
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Q1 revenue rose 8.9% YoY, while adjusted EBITDA and adjusted net income increased 29.1% and 44.5%. Insurance and consortium growth, cost reductions and platform development supported performance; management cited H2 seasonality and continued Promotiva growth.
Fiscal Year 2023
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Q4 adjusted EBITDA rose 86.2% YoY to BRL 172 million, while adjusted net income increased 71.5% to BRL 117.5 million. FY growth reflected insurance and credit expansion, with 2024 plans centered on synergies, cost savings, and lower financing costs.
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Q3 delivered record adjusted EBITDA of BRL 159.3 million, up 54.4% YoY, and adjusted net profit up 60%. Growth in insurance and credit accompanied efficiency and cash-preservation initiatives, with management expecting lower rates to support 2024 results.
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Q2 EBITDA rose 13.7% YoY as cost controls offset weaker bancassurance commissions; adjusted net profit grew 5%. Management expects H2 improvement with credit recovery and lower rates, while acquisition-related financing costs remain a drag.
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1Q23 revenue reached BRL 212.7M and adjusted net profit rose 9.2% YoY. Insurance and Promotiva-led credit distribution grew strongly, while restructuring targets BRL 40M in annual savings amid financing and credit-market risks.