Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $228.6 million, an 8% increase year-over-year, with constant currency revenue also growing by 8% [8][13] - Adjusted EBITDA increased to $92.6 million, up approximately 6% year-over-year, with an adjusted EBITDA margin of 40.5% [8][15] - Adjusted EPS was $0.92, reflecting a 7% increase year-over-year, driven by strong adjusted EBITDA growth and lower interest expense [8][15] - Operating cash flow for the first nine months of the year was approximately $157 million, with liquidity at approximately $518.6 million as of September 30 [8][21] Business Line Data and Key Metrics Changes - Merchant acquiring revenue grew 3% year-over-year to $46.8 million, driven by higher sales volume [9][16] - Payment services in Puerto Rico grew 5% year-over-year to $55.2 million, primarily due to strong performance in ATH Móvil [9][17] - Latin America payments and solutions revenue increased 19% year-over-year to $90.4 million, with double-digit organic growth [10][18] - Business solutions revenue increased approximately 1% to $61.7 million, primarily due to projects completed during the quarter [19] Market Data and Key Metrics Changes - Economic conditions in Puerto Rico remained favorable, with an unemployment rate steady at 5.6% and strong consumer spending [9] - Latin America saw a robust pipeline and significant wins, including contracts with Banco de Chile and Financiaria O in Peru [10][11] Company Strategy and Development Direction - The company is focused on expanding its presence in Brazil through acquisitions, such as TechnoBank, which enhances its financial technology capabilities [11][12] - Continued investment in dynamic markets is a cornerstone of the company's strategy, aiming for diversification and growth [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, particularly in Latin America, and highlighted the successful integration of recent acquisitions [10][33] - The company anticipates strong top-line growth in 2026, supported by strategic priorities and cost initiatives [29] Other Important Information - A cybersecurity incident was reported, but it was contained and did not impact other products or services [5][6] - The company has a strong cash position, with net debt at $631.8 million and a weighted average interest rate of approximately 6.24% [21] Q&A Session Summary Question: Insights on LatAm growth and market resonance - Management noted durable growth in LatAm, with successful product scaling and significant deals like Banco de Chile [31][32] Question: Contribution from cost of living adjustments - CPI adjustments were discussed, with current caps and future expectations outlined [34][37] Question: Impact of government shutdown on Puerto Rican economy - No direct impact observed yet, but monitoring is ongoing due to reliance on federal funds [42] Question: Status of the cybersecurity incident and business momentum - No adverse impact on business momentum was reported, with systems now hardened [47][48] Question: Margin performance and expectations - Margins were in line with expectations, with a noted decline due to transaction volume dynamics [49][50] Question: Capital allocation and M&A appetite - The company is evaluating capital allocation, including potential share buybacks and M&A opportunities [52][56]