PagSeguro Reports Fourth Quarter and Full Year Results

PagSeguro Digital Ltd. ("PagSeguro” or "we”) announced today its fourth quarter and full year results for the period ended December 31, 2018. Our consolidated financial statements are presented in Reais (R$) in accordance with International Financial Reporting Standards ("IFRS”) as issued by the International Accounting Standards Board ("IASB”).

Fourth Quarter 2018 Financial & Operational Highlights:

• R$24.6 billion in total payment volume (TPV), up 80.7% compared with 4Q17;
• 308 thousand net new active merchants;
• Average spending per active merchant of R$6.2 thousand, up 19.0% compared with 4Q17;
• R$302.8 million in net income, up 60.6% compared with 4Q17, or R$323.4 million after non-GAAP adjustments to 4Q18 up 71.5% compared with 4Q17;
• Net Margin of 23.9%, up 1.2 percentage points compared with 4Q17, or up 2.8 percentage points after non-GAAP adjustments to 4Q18;
• Non-GAAP Net Margin of 25.5% in 4Q18;
• R$1,267.5 million in total net revenue*, up 52.5% compared to 4Q17 or R$1,267.6 million after non-GAAP adjustments to 4Q18 up 52.5% compared with 4Q17;

Full Year 2018 Financial & Operational Highlights:

• R$76.1 billion in total payment volume (TPV), up 97.9% compared with 2017;
• Active merchants in the last 12 months at close of period of 4.1 million, up 48.2% compared with 2017, growth of 1.3 million net new merchants;
• Average spending per active merchant of R$22.0 thousand, up 20.0% compared with 2017;
• R$910.4 million in net income, up 90.1% compared with 2017, or R$1,067.7 million after non-GAAP adjustments to 2018 up 123.0% compared with 2017;
• Net Margin of 21.0%, up 2.0 percentage points compared with 2017, or up 6.4 percentage points after non-GAAP adjustments to 2018;
• Non-GAAP Net Margin of 25.4% in 2018;
• R$4,334.7 million in total net revenue*, up 71.8% compared to 2017 or R$4,203.4 million after non-GAAP adjustments to 2018 up 66.6% compared with 2017;

You can find the full report by clicking on the link bellow:

http://investors.pagseguro.com/Cache/1001248803.PDF?O=PDF&T=&Y=&D=&FID=1001248803&iid=9282297

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