VEF

Key comments from Creditas’ release:

“In Q2-23, we posted revenues* of R$495.3mn, a 27.2% increase compared to Q2-22 as we continue focusing on more moderate growth to become a profitable company by year end. Focusing on the financial margin and tight monitoring of credit quality are allowing us to progressively improve gross profit”.
 
“Q2-23 was the 3rd quarter with stable SELIC and with that our Gross Profit margin continues accelerating as new repriced loans start replacing older lowered-priced loans. Credit quality continues strong in Q2-23 with cost of credit at the lowest level since 2021”.
 
“As we accelerate the expansion of gross profit and continue gaining operational leverage, we are confident that we will reach profitability by the end of 2023 and continue with profitable growth in 2024”.

The full release is available on Creditas’ investor relations webpage and can be accessed at the following link:

https://www.creditas.com/ir/financial-information