Pagseguro Digita SEC Filings

PagSeguro Digital Ltd. (PAGS) called an Extraordinary General Meeting for December 19, 2025 at 11 a.m. in São Paulo. Shareholders will vote to elect Mr. Alexandre Magnani and Mr. Artur Schunck as directors, effective January 1, 2026, to serve until the next Annual General Meeting or until successors are chosen.

The Board set November 24, 2025 as the record date. Registered holders may attend in person, by proxy, or via teleconference, with full rights to vote and speak, and to present proposals subject to the chair’s order. Quorum is one or more shareholders representing at least one‑third of voting power. Voting is by poll: one vote per Class A share and ten votes per Class B share.

PagSeguro Digital Ltd. announced senior leadership changes. The Board appointed Carlos Mauad as Chief Executive Officer and Gustavo Bahia Gama Sechin as Chief Financial Officer and Chief Accounting Officer, effective January 1, 2026. Mauad has served as Chief Operating Officer since September 2024, and Sechin has served as Investor Relations Director since August 2024.

Current CEO Alexandre Magnani and current CFO/CAO/Investor Relations Officer Artur Schunck will step down from their executive roles. The Company will call a general meeting of shareholders to vote on appointing Magnani and Schunck to the Board of Directors.

PagSeguro Digital (PAGS) reported Q3 2025 results showing resilient earnings in a high-rate backdrop. Total revenue and income excluding interchange reached R$3,411 million (+14.4% y/y), while GAAP diluted EPS rose to R$1.88 (+13.7% y/y). Net income (GAAP) was R$554 million (+4.6% y/y). Gross profit was R$1,927 million (+1.6% y/y) with margin at 56.5%, down 7.1 p.p. as financial costs climbed to R$1,395 million (+44.7% y/y) amid higher SELIC.

Banking remained the growth engine: Banking revenue was R$744 million (+50.2% y/y) and banking gross profit rose to R$536 million (+58.7% y/y), now 27.8% of total. The credit portfolio reached R$4.2 billion (+29.9% y/y) with strong working capital loan growth, and deposits were R$39.4 billion (+15.3% y/y). TPV was R$129.8 billion (-4.7% y/y) as repricing prioritized margins over volume. ROAE was 15.1%.

Capital returns accelerated: PagBank repurchased over 18.5 million shares in 2025 for R$880 million, declared R$617 million in 2025 dividends, and plans R$1.4 billion in 2026 dividends. The BIS ratio was 28.6% with a stated target of 18%–22%, indicating potential excess capital of R$2–R$3 billion.

PagSeguro Digital (PAGS) filed a Form 6-K with unaudited Q3 and 9M 2025 IFRS results. Total revenue and income were R$5,105,410 thousand for the quarter, up from R$4,831,492 thousand a year ago. Net income reached R$554,486 thousand in Q3 (vs. R$531,152 thousand), with basic EPS of R$1.8998 and diluted EPS of R$1.8802. For the nine months, revenue and income totaled R$15,013,736 thousand and net income was R$1,616,337 thousand.

On the balance sheet, total assets were R$72,285,249 thousand and equity was R$14,887,985 thousand. Banking issuances rose to R$28,969,499 thousand while borrowings decreased to R$2,398,160 thousand. Operating cash flow strengthened to R$5,634,678 thousand for the nine months, ending cash and cash equivalents at R$1,427,303 thousand.

The company executed buybacks and canceled 23,930,715 shares, leaving 305,677,709 shares outstanding, and approved three dividend payments in 2025, including a provisioned R$185,714 thousand payable in November.

PagSeguro Digital Ltd. set capital optimization and long-term financial targets, aiming for a Basel Index (BIS) between 18% and 22%, which the company expects will produce an excess capital of R$2–3 billion. Management outlined estimated shareholder returns of R$3.8 billion for 2025–2026, composed of a R$1.4 billion dividend in 2026 (in addition to R$623 million in cash dividends declared for 2025), a R$696 million share buyback already executed in 2025, and a continuing repurchase program of up to R$1.1 billion (US$200 million). Including prior distributions, PagSeguro reports total shareholder returns of over R$5.5 billion for 2021–2026. The filing also summarizes PagSeguro’s business lines: digital banking solutions, merchant point-of-sale devices, free consumer and merchant digital accounts offering payments, transfers, cards, loans and investments, card issuance, and merchant acquiring services.

PagSeguro Digital Ltd. describes its business scope as a digital financial services platform offering multiple digital banking solutions, in-person payments via point-of-sale devices provided to merchants, free digital accounts for consumers and merchants with services such as bill payments, mobile top-ups, wire transfers, peer-to-peer transfers, prepaid credit cards, cash cards, loans, investments, QR-code payments, and payroll portability. The company also issues prepaid, cash and credit cards and operates as a full merchant acquirer.

PagSeguro Digital Ltd. disclosed that Point72-affiliated filers collectively beneficially own 12,447,111 Class A common shares, representing 6.7% of the Class A shares outstanding as of the close of business on June 30, 2025. The holdings reported relate to securities held by Point72 Associates and include 77,700 Class A shares issuable upon exercise of options. The reporting persons named are Point72 Asset Management, L.P., Point72 Capital Advisors, Inc., and Steven A. Cohen, each of which reports shared voting and dispositive power over the 12,447,111 shares; none of the reporting persons reports sole voting or dispositive power.

PagSeguro Group reported stronger operating results for the period with higher revenue, profit and a material improvement in operating cash flow. Total revenue and income reached R$5,058,170 in the quarter (R$4,556,707 a year earlier) and R$9,908,326 for the six months (R$8,863,132), while quarterly net income rose to R$536,759 from R$503,645 and six‑month net income to R$1,061,851 from R$986,192. Basic EPS improved to R$1.8031 for the quarter and R$3.5320 for six months, reflecting earnings growth. Operating cash flow turned positive to R$3,451,822 versus a cash use of R$(2,126,607) previously, while investing cash used R$(1,101,796). On the balance sheet, total assets were R$71,193,206 with liabilities of R$56,609,506 and equity of R$14,583,700. Funding and liquidity items include banking issuances of R$26,645,868, compulsory reserves of R$4,426,026 and expected credit losses of R$(294,345). Capex and technology investment remained significant.