A Bemobi, a payment solutions company that already serves 10 of the 15 largest recurring service companies in the country, announced on Tuesday, the 13th, to the Securities and Exchange Commission (CVM) its financial results for the first quarter of 2025. It was another period of strong growth, both in Net Revenue and Adjusted EBITDA (earnings before taxes, depreciation, and amortization). Payment initiatives have gained traction, with increased penetration among existing clients and the addition of 4 new large clients, including the first higher education partner, YDUQS, two new partners in basic education, Inspira and Farias Brito, and the first electric utility distributor outside Brazil, Enel Chile.
“We started 2025 at a strong pace of sustainable growth, supported by continued traction in the Payments vertical, in addition to good performance in Digital Subscriptions. The period also marks our entry into digital payments for the higher education segment in the country and the expansion of opportunities in the Latam region, with the start of operations for the first electric utility distributor outside Brazil,” said Pedro Ripper, co-founder and CEO of Bemobi. “All essential recurring service companies such as telecom, utilities, education, and healthcare will need to update their payment offerings to provide options that generate convenience and a better experience for their end customers while seeking to reduce their collection costs, churn, and delinquency. It’s no coincidence that in just the last quarter, our technological payment platform added 4 major clients and 52 medium-sized businesses.”
The migration from traditional bank slips to recurring or installment payments via credit card, along with new standards such as Automatic Pix and Open Finance, are part of Bemobi’s payment solution, which has brought materially better results to its clients compared to traditional payment solutions previously adopted.
Bemobi’s end-to-end payment solution is already used in a ‘white label’ model by 562 companies, including all major telecom operators in Brazil, such as Vivo, TIM, and Claro, most of the largest utilities companies, such as Energisa, Equatorial, Enel, NeoEnergia, Light, and Copel, education sector companies like Grupo Salta, Inspira, Farias Brito, and YDUQS, as well as various internet providers.
In the first quarter of 2025, the company achieved a record payment volume (TPV) of over 2.4 billion reais. As a result, Payments revenue expanded by 23% compared to the same period the previous year.
Meanwhile, Digital Subscriptions solutions saw a 26% increase in quarterly revenue. The number of users with active subscriptions to its apps, games, and communication services reached 25.9 million, a 5% increase compared to the same period the previous year.
Between January and March, Bemobi’s adjusted net revenue grew by 18% compared to the same period in 2024, reaching 167 million reais. Adjusted EBITDA grew by 21.6% and reached 56.5 million reais, the highest in the company’s history. Adjusted net profit excluding Swap totaled 28 million reais, a 19.7% expansion compared to the first quarter of 2024. Meanwhile, accounting net profit closed the quarter at 31.3 million reais, a 43.5% increase compared to the same period the previous year.
Operating cash generation was a solid 43 million reais in the quarter, with cash conversion exceeding 76%. As a result, the company closed the quarter with total cash of 520 million reais, even after disbursing R$50 million in dividends.
“Our priority with cash usage remains pursuing M&A opportunities and executing our new dividend policy. We are confident that our cash generation will allow us to combine sustainable growth, both organically and through new M&As (an important part of our strategy), with a more aggressive dividend policy for 2025,” said Ripper. In March, Bemobi approved a new dividend distribution policy, valid until the end of 2025, which plans to distribute an estimated 200 million reais.”
