A Bemobi, a payments solutions company, which 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 interest, taxes, depreciation, and amortization). Payment initiatives have gained traction, with increased penetration among existing clients and the addition of four new large clients, including the first higher education partner, YDUQS, two new partners in basic education, Inspira and Farias Brito, and the first electricity distributor outside Brazil, Enel Chile.
"We started 2025 with a strong pace of sustainable growth, supported by continuous traction gains in the Payments vertical, as well as good performance in Digital Signatures. The period also marks our entry into digital payments for the higher education segment in the country and the expansion of opportunities in the Latin America region, with the start of operations of the first electricity distributor outside Brazil," says 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 also seeking to reduce their collection costs, churn, and default rates. Not coincidentally, in the last quarter alone, our payment technology platform added 4 major clients and 52 medium-sized companies.
The migration from the old boleto 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 significant improvements in results for its clients compared to traditional payment solutions previously adopted.
Bemobi's end-to-end payment solution is already used in the "white label" model by 562 companies, including all the major telecom operators in Brazil, such as Vivo, TIM, and Claro, a large part of the biggest companies in the utilities sector, such as Energisa, Equatorial, Enel, NeoEnergy, Light, and Copel, companies in the education sector, such as Grupo Salta, Inspira, Farias Brito, and YDUQS, as well as several 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, the Payments revenue grew by 23% compared to the same period of the previous year.
Digital Signature solutions had a 26% increase in revenue for the quarter. The number of users with active subscriptions to their app, game, and communication services reached 25.9 million, a 5% increase compared to the same period last 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 income ex-Swap totaled 28 million reais, a 19.7% increase compared to the first quarter of 2024. The net accounting profit for the quarter closed at 31.3 million reais, a 43.5% increase compared to the same period last year.
Operational cash flow was a solid 43 million reais in the quarter, with cash conversion exceeding 76%. In this way, the company closed the quarter with a total cash of 520 million reais, even after disbursing 50 million reais in dividends.
"Our priority with cash usage continues to be pursuing M&A opportunities and executing our new dividend policy. We are confident that our cash flow 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 the 2025 fiscal year," says 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.
