A Bemobi (BMOB3), a leader in the specialized payment solutions sector, which already serves 10 of the 15 largest recurring service companies in the country, announced on Thursday, the 20th, to the Securities and Exchange Commission (CVM) its financial results for the fourth quarter of 2024. The period marked the highest growth in the last 9 quarters, both in Net Revenue and Adjusted EBITDA (earnings before taxes, depreciation, and amortization), with growth across all 4 business verticals. The period also highlights the traction gained in payment initiatives, with increased penetration among existing clients and the addition of new clients, including Copel, the sixth energy distributor to become a Bemobi client. One of the few Brazilian multinationals in the technology sector, the company now has over 1,475 clients, including 149 large companies (with sales above 500 million reais) and 1,326 mid-sized companies (with sales below 500 million reais), spread across 58 countries.
“This quarter we reported the highest expansion in recent years, with accelerated growth compared to previous quarters. The year 2024 marked the resumption of our sustainable growth, supported by continued traction in the Payments vertical, as well as recovery in Digital Subscriptions,” said Pedro Ripper, co-founder and CEO of Bemobi. “The growth and evolution of Pix and Open Finance in Brazil, combined with the expansion of e-wallets and innovations like Click to Pay, create opportunities for recurring service companies to modernize their payment platforms. The digitization of these journeys enables the transition from traditional bank slips to an omnichannel and multi-method approach, offering more flexibility and better payment conditions. This movement has brought significant gains in conversion, reduced delinquency, and cost optimization for our clients.”
Bemobi’s end-to-end payment solution is already used in a “white label” model by over 505 companies, including all major telecom operators in Brazil, such as Vivo, TIM, and Claro, some of the largest utilities companies, such as Energisa, Equatorial, Enel, NeoEnergia, Light, and Copel, education sector companies like Grupo Salta, and various internet providers.
In the fourth quarter of 2024, the company achieved a record payment volume (TPV) of over 2.3 billion reais. As a result, Payments revenue expanded by 16.3% compared to the same period the previous year.
Meanwhile, Digital Subscriptions solutions saw a 34.4% increase in quarterly revenue. The number of users with active subscriptions to their app, gaming, and communication services reached 26.2 million, a 10% increase compared to the same period the previous year.
Between October and December of last year, Bemobi’s adjusted net revenue grew by 19.8% compared to the same period in 2023, reaching 165.3 million reais. In 2024, net revenue reached 607.5 million reais, a 12.2% growth compared to the previous year. Adjusted EBITDA grew by 19.1% and reached 55 million reais, the highest in the company’s history. Adjusted EBITDA advanced by 13.6% and reached 200.4 million reais. Adjusted net profit ex-Swap in Q4 2024 was 46.5 million. Over the 12-month accumulated period, adjusted net profit ex-Swap totaled 135.9 million reais, a 20.1% expansion compared to 2023. Meanwhile, accounting net profit closed the year at 120.2 million reais, a 38.3% increase compared to the previous year.
Operating cash generation was a solid 41.4 million reais in the fourth quarter, with cash conversion exceeding 75%. As a result, the company ended the quarter with total cash of 589 million reais.
Bemobi also approved a new dividend distribution policy, valid until the end of 2025, which plans to distribute an estimated 200 million reais. The first distribution phase will be 58 million reais related to the 2024 fiscal year, to be ratified at the General Meeting scheduled for April 24. “Our financial and operational performance in 2024, combined with the outlook for 2025, gives us confidence that our cash generation allows for a more aggressive dividend payment for these two periods, without compromising our ability to continue growing sustainably, both organically and through new M&As, which will continue to play a relevant role in our strategy,” said Ripper.
