PagBank closes 2024 with record net profit of R$2.3 billion

Core Insights - PagBank reported a net revenue of R$5.1 billion for Q4 2024, an 18% increase from Q4 2023, with a full-year net revenue of R$631 million, reflecting a 21% year-over-year growth [1][3] - The return on average equity (ROAE) reached 15.2% in 2024, indicating strong financial performance [1][3] - The total payment volume (TPV) for Q4 2024 was R$146 billion, a 28% increase compared to Q4 2023, with a total TPV of R$518 billion for the year, representing a 32% year-over-year growth [3][4] Customer and Market Expansion - PagBank's customer base grew to 33.2 million, an increase of 2.1 million customers over the year [3] - The credit portfolio expanded to R$48 billion, reflecting a 46% year-over-year growth, while total deposits reached R$36.1 billion, a 31% increase year-over-year [4] Investment and Operational Efficiency - The company invested R$2.3 billion in technology in 2024 to enhance service quality and expand its business [3] - Operational leverage improved by 74 basis points for the quarter, and a share buyback program totaling R$784 million was executed in 2024 [6] Future Outlook - PagBank maintains a positive outlook for 2025, focusing on customer base expansion, product diversification, and market share growth [7][8] - The company is committed to enhancing its financial services and maintaining a strong ESG framework [9]