PagBank Achieves Impressive Financial Growth Despite Economic Challenges

PagBank, the leading digital bank in Brazil, has announced remarkable financial results for the third quarter of 2025. Despite facing a high-interest-rate environment and economic slowdown, the bank reported a recurrent net profit of BRL 571 million, marking a significant achievement amid challenging macroeconomic conditions.

Financial Highlights

In Q3 2025, PagBank demonstrated resilience through its relentless focus on operational efficiency and sustainable value creation. The bank’s net revenue experienced a year-over-year growth of 14.4%, culminating in a total of BRL 3.4 billion. This growth has been primarily fueled by the acceleration of their banking platform and increased revenues from financial services, alongside improved operational efficiencies.

Moreover, PagBank’s deposits reached an impressive BRL 39.4 billion, which reflects a year-over-year increase of 15.3% and a quarterly growth of 6.1%. This surge is attributed to the strengthened distribution of Bank Deposit Certificates (CDB), underpinned by solid ratings from internationally recognized credit agencies, which bolster investor confidence.

Additionally, the bank's loan portfolio ballooned to BRL 4.2 billion, representing a stunning growth of nearly 30% year-over-year and 7.2% quarter-over-quarter. A significant portion of this growth stems from the expansion of working capital facilities for small and medium-sized enterprises (SMEs), which saw a massive increase of 116% year-over-year.

Commitment to Customers and Shareholders

Alexandre Magnani, the CEO of PagBank, articulated the bank’s commitment to its clients and shareholders, stating, “Despite a challenging macroeconomic scenario, we distributed over BRL 2 billion to shareholders in dividends and share repurchases over the last 12 months.” He expressed optimism about the future direction of the bank, emphasizing their strategic initiatives and the intensified use of AI to streamline customers’ financial experiences.

With 33.7 million customers and adding 1.6 million new clients during the quarter, PagBank continues to offer an integrated suite of digital solutions focused on enhancing the financial lives of individuals and businesses. The bank aims to make financial management simpler, safer, and more accessible through its comprehensive offerings.

Leadership Transition

In an announcement regarding strategic leadership changes, PagBank disclosed that effective January 1, 2026, Carlos Mauad, currently serving as COO, will succeed Magnani as CEO. Gustavo Sechin, the present Head of Investor Relations, will transition to the role of CFO. These carefully planned leadership shifts were designed to ensure seamless continuity during PagBank's growth phase.

Magnani and Artur Schunk, the current CFO, will join the Company's Board of Directors post-transition to support the new executives. Magnani expressed confidence in Mauad's capability to lead PagBank into its next growth chapter, given his extensive experience in Brazil's banking and credit markets.

Sechin's future role is expected to maintain clear communication with stakeholders, which is crucial as PagBank solidifies its presence in Brazil's financial landscape.

Future Outlook

PagBank is focused on constructing the bank of the future by delivering an unmatched customer experience through the provision of a simple, secure, and comprehensive digital ecosystem. The bank's dedication to innovation and the expansion of financial solutions reflects its efforts to empower millions of Brazilians with scalable financial alternatives.

Overall, PagBank's resilient performance amidst economic challenges showcases its exceptional operational capabilities, innovative approaches to customer service, and commitment to sustainable growth. As it aims for continued expansion, PagBank remains dedicated to supporting its clients and creating value for stakeholders.