Evertec(US:EVTC)2025-11-06 21:10Financial Performance - Total revenue for Q3 2025 was $228.6 million, an increase of 8% compared to $211.8 million in Q3 2024[4] - GAAP Net Income attributable to common shareholders increased 33% to $32.9 million, or $0.51 per diluted share, up from $24.7 million, or $0.38 per diluted share in the prior year[5] - Adjusted EBITDA for Q3 2025 was $92.6 million, a 6% increase from the prior year, with an Adjusted EBITDA margin of 40.5%[6] - Adjusted Net Income rose 8% to $59.8 million, with Adjusted earnings per common share increasing 7% to $0.92[7] - Revenues for Q3 2025 reached $228,587,000, a 7.5% increase from $211,795,000 in Q3 2024[26] - Basic net income per share for Q3 2025 was $0.51, compared to $0.39 in Q3 2024, representing a 30.8% increase[26] - The company reported a total comprehensive income of $46,146,000 for Q3 2025, compared to $28,094,000 in Q3 2024, an increase of 64.3%[26] - Net income for the three months ended September 30, 2025, was $33,460,000, compared to $25,202,000 in the same period of 2024, an increase of 32.9%[42] - The company reported an adjusted net income of $59,784,000 for the three months ended September 30, 2025, compared to $55,419,000 in 2024, reflecting a growth of 7.5%[42] Revenue Outlook - The revised revenue outlook for 2025 is projected between $921 million and $927 million, representing growth of approximately 8.9% to 9.6%[14] - The company projects revenues for 2025 to be between $921 million and $927 million, with an expected adjusted EPS between $3.56 and $3.62[45] - Constant currency revenue growth is now expected to be between 10.0% to 11.0% for 2025[14] - Constant currency revenues for the three months ended September 30, 2025, were $227,933,000, compared to $211,795,000 in 2024, showing a growth of 7.6%[42] Assets and Liabilities - Total assets increased to $2,149,167,000 as of September 30, 2025, compared to $1,857,611,000 at the end of 2024, reflecting a growth of 15.6%[28] - Total liabilities increased to $1,441,150,000 as of September 30, 2025, from $1,338,350,000 at the end of 2024, marking a rise of 7.7%[29] - Cash and cash equivalents rose to $474,738,000, up from $273,645,000 at the end of 2024, indicating a significant increase of 73.5%[28] - Goodwill increased to $779,671,000 as of September 30, 2025, from $726,901,000 at the end of 2024, reflecting a growth of 7.2%[28] Operating Costs - Operating costs and expenses for Q3 2025 totaled $190,855,000, a 12% increase from $170,254,000 in Q3 2024[26] - Cash flows from operating activities for the nine months ended September 30, 2025, were $157,001,000, down from $184,897,000 in 2024, a decrease of 15.1%[31] Capital Expenditures and Tax Rate - Capital expenditures are expected to remain approximately $85 million for 2025[14] - The company anticipates a continued adjusted effective tax rate of approximately 6% to 7%[14] Acquisition - The acquisition of 75% of Tecnobank was completed on October 1, 2025, enhancing the company's presence in Brazil's fintech sector[9]