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PagBank Reports Solid Financial Performance in Q1 2026

PagBank, one of Brazil's leading digital banking platforms, has recorded impressive financial results for the first quarter of 2026. The company announced a recurring net income of R$ 575 million, demonstrating a 4% increase compared to the previous year. This growth has been attributed to a rise in revenue and efficiency improvements, which have bolstered the institution's operational leverage and customer trust.

In a challenging macroeconomic environment, PagBank's CFO, Gustavo Sechin, emphasized the consistency of their results. He stated, "We began the year with solid results, reinforcing the validity of our strategy and our execution discipline." This positive outcome was largely driven by a net revenue of R$ 3.3 billion, which marks a 6% increase compared to the same quarter last year, mainly due to the accelerated growth of their banking platform. Notably, banking revenue surged by 41% year-over-year, underscoring PagBank’s strong market position.

The company's return on average equity increased to 15.8%, reflecting an 80 basis point rise from the previous year, further enhancing the profitability profile of PagBank. Deposits reached an impressive R$ 42 billion, a 23% growth from the previous year, which underscores customer confidence and PagBank's robust capital structure, supported by AAA ratings from the three major global credit rating agencies.

Moreover, the loan portfolio has significantly expanded, reaching R$ 5 billion, reflecting a 36% growth compared to the last year. Highlighting this advancement, working capital loans increased by a staggering 191%, alongside growth in credit card and salary loans. This demonstrates PagBank's focus on meeting the financial needs of its small and medium enterprise (SME) clientele.

By the end of Q1 2026, PagBank served 34 million customers, marking a 6% increase year-on-year, including a base of 6.3 million merchants and entrepreneurs. The total volume of payments recorded within the company's accounts reached R$ 81 billion, indicating an 11% growth year-on-year.

Carlos Maud, CEO of PagBank, stated, "We are an integrated banking platform specialized in serving Brazil's entrepreneurs. Our continuous investments in services and products reflect our commitment to helping our clients thrive in their businesses. Our growth will be rooted in simplicity, solidity, and innovation, making us one of the largest financial institutions in the country."

PagBank's comprehensive banking platform integrates payments, banking services, and credit solutions specifically tailored for small and medium enterprises. The company's mission is to simplify financial life for individuals and businesses alike, by offering an integrated digital ecosystem that enhances financial management efficiently, securely, and accessibly.

In conclusion, PagBank is well positioned to continue its growth trajectory by adhering to its customer-centric strategy. The combination of innovative financial solutions and a solid operational framework contributes to its reputation as a reliable financial partner in Brazil's evolving financial landscape. For detailed financial statements from Q1 2026, interested individuals can access them on PagBank's investor relations page.

By maintaining a strong focus on efficiency and growth, PagBank is set to sustain its momentum and play a crucial role in the financial empowerment of Brazilian entrepreneurs in years to come.