The digital bank reached BRL 39.4 billion in deposits and BRL 4.2 billion in loans, despite a high interest rate environment.
/PRNewswire/ — Banking (NYSE: PAGS), a leading digital bank offering a comprehensive range of financial services and payment solutions, reports its results for the third quarter of 2025 (3Q25) and thus demonstrates high resilience and solid implementation, even in an environment with an economic slowdown and high interest rates. During this period, the digital bank continued to grow revenues while optimizing its capital structure, strengthening operational efficiency and profitability, with a focus on higher-margin products and sustainable value creation.
(Credit: Banking)
“Despite a difficult macroeconomic scenario, we have over the last 12 months BRL 2 billion in the form of dividends and share buybacksdistributed to our shareholders. We look to the future with confidence by further expanding our strategic initiatives and increasing the use of AI to further simplify our customers’ financial journey,” said Alexandre Magnani, Managing Director of PagBank.
In the third quarter of 2025, the recurring net profit on 571 million BRL. Net income increased by 14.4% compared to the previous year and amounted to 3,4 Mrd. BRLdriven by banking platform acceleration, increased financial services revenue, and improvements in operational efficiency.
The depositsamounted to a total 39,4 Mrd. BRL (+15.3% year-on-year and +6.1% quarter-on-quarter), due to the increased distribution of certificates of deposit (CDB), rated as very solid by the main international rating agencies. The creditportfolio amounted to 4,2 Mrd. BRL (+29.9% YoY and +7.2% QoQ), with a focus on expanding working capital for SMEs, which grew by 116% YoY.
“We stand by our side 33.7 million customers (+1.6 million new customers in the reporting period) “We remain committed to expanding our services, deepening relationships with entrepreneurs and consumers, and continually creating value for our shareholders. Credit growth is one of our long-term strategic priorities, aimed at expanding access to sustainable, scalable financial solutions for millions of Brazilians,” he said.
PagBank’s annual financial statements for the third quarter of 2025 can be accessed here
PagBank announces strategic changes in its leadership
PagBank announces changes in its leadership. From January 1, 2026, Carlos Mauad, currently operations manager, will take over the management of the bank as part of a succession process that has been carefully planned since 2024. In addition, Gustavo Sechin, currently head of investor relations, will become the institution’s new chief financial officer.
Alexandre Magnani, Managing Director of PagBank, and Artur Schunk, CFO of PagBank, will be appointed to the company’s Board of Directors and will support the managers in the transition phase to their new tasks, thus ensuring a smooth handover.
“I am confident that under Mauad’s leadership, PagBank will be ready to embark on its next chapter of growth. With more than two decades of extensive experience in the banking sector as well as the credit market in Brazil, his expertise will be fundamental in this period of expansion and strengthening of PagBank as one of the leading digital banks in the country,” says Alexandre Magnani.
Artur Schunk: “There is no doubt that Sechin will continue its clear and transparent communication with the market as well as our shareholders. This transition reflects the maturity of PagBank and the strengthening of our business model, regardless of the change in management.”
PagBank, which has expanded its role in the Brazilian system in recent years, reiterates its commitment to building the bank of the future, focused on the best possible customer experience. With these customers, the company remains a partner on the path to success, offering a complete, simple, secure and accessible ecosystem.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All statements that are not historical facts, including, but not limited to, statements about the Company’s expectations, intentions, beliefs or strategies, are forward-looking statements. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “should,” “could,” “will” and variations of such terms and similar expressions are intended to identify such forward-looking statements. These statements reflect management’s current views and are subject to various risks and uncertainties. They are based on numerous assumptions and factors, including economic and market conditions, industry conditions and operational factors. Any changes in these assumptions or factors could cause actual results to differ materially from the Company’s current expectations.
Information about PagBank
PagBank promotes innovative solutions in the field of financial services and payment methods by automating the buying, selling and transfer process to promote the business of any person or company easily and safely. PagBank, a UOL Group company – Brazil’s leading internet company – acts as an issuer and acquirer, offering digital accounts and complete solutions for online and face-to-face payments (via mobile and POS devices).
PagBank also offers various payment methods, including credit and prepaid cards, bank transfers, Boleto payments and account balances, to name a few. PagBank (PagSeguro Internet Instituição de Pagamento SA) is regulated by the Central Bank of Brazil as a payment institution, issuer of electronic money, issuer of postpaid instruments and acquirer, and has partnerships with the leading card brands. The parent company, PagSeguro Digital Ltd, is traded on the New York Stock Exchange (NYSE: PAGS) and is regulated by the Securities and Exchange Commission (SEC). The distribution of investment funds is carried out by BancoSeguro SA, authorized by the Brazilian Central Bank and the Securities and Exchange Commission and affiliated with ANBIMA.
PRESS CONTACTS
XCOM – XCOM – Communican Pank, Communicationsenur Bank, Communication
Isabelle Bonizzi / [emailprotected]/ (11) 96436-5456
Cláudio Monteiro / [emailprotected]/ (11) 98970-4477
Deborah Slobodticov / [emailprotected]/ (11) 98829-7900
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