Strong Revenue Growth
EVERTEC reported revenue of $228.8 million for Q1 2025, an 11.4% increase over the prior year, with constant currency revenue growth at 15%.
Adjusted EBITDA and Margin Improvement
Adjusted EBITDA was $89.4 million, up 14% year-over-year, with a margin increase of 100 basis points to 39.1%.
Adjusted EPS Growth
Adjusted EPS increased by 21% year-over-year to $0.87, driven by strong EBITDA growth, lower interest expense, and reduced share count.
Robust Performance in Latin America
LatAm revenue grew 13% year-over-year or 22% in constant currency, with strong contributions from the GetNet Chile relationship and the reacceleration of the Brazil business.
Improved 2025 Outlook
EVERTEC raised its constant currency revenue growth expectations for 2025 to 6.8%-7.7%, up from 5.5%-6.7%.
Merchant Acquiring Segment Success
Net revenue increased 11% year-over-year to $47.6 million, with a significant margin increase of 510 basis points to 42.7%.
Financial Stability
Strong liquidity with approximately $460 million as of March 31 and a net debt to trailing 12-month adjusted EBITDA of approximately 2.04x.