Nubank $NU (+0.29%)
announces that Youssef Lahrech has resigned as President and COO
Published on 20.05.2025 at 22:21
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262Nubank $NU (+0.29%)
announces that Youssef Lahrech has resigned as President and COO
Published on 20.05.2025 at 22:21
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Today it was announced in 13F that Warren has $NU (+0.29%) completely . Then his disciples did the same.
$NU (+0.29%) Key financial data Q1 2025 (YoY FX-neutral, unless otherwise stated)
Customer base grows unstoppably:
* Total customers: 118.6 million (+19% YoY); over 4 million new customers in Q1 alone.
* Active customers: 98.7 million (+19% YoY), with a high activity rate of over 83%.
* Regional strength: Brazil reaches 104.6 million customers (59% of the adult population), Mexico grows to 11 million and Colombia is approaching 3 million customers.
Strong increase in sales:
* Total sales: USD 3.2 billion (+40% YoY FXN). This was in line with analyst expectations, exceeding some lower estimates. 🟩
* Monthly revenue per active customer (ARPAC): USD 11.2, management sees further potential.
Profitability significantly improved:
* Net profit: USD 557.2 million (+74% YoY FXN).
* Adjusted net profit: USD 606.5 million (Q1 2024: USD 442.7 million).
* Earnings per share (EPS Diluted): USD 0.1139. This was just below or in line with many analysts' estimates. 🟧
* Profit before taxes: USD 795.1 million (+62% YoY FXN).
Outstanding efficiency:
* Efficiency ratio: improved to 24.7% (over 740 basis points YoY).
* Cost of service per active customer: Minimal at $0.7.
Solid loan and deposit business:
* Interest earning portfolio (IEP): 13.8 billion US dollars (+62% YoY FXN).
* Total receivables (loans & cards): US$24.1 billion (+40% YoY FXN).
* Deposits: 31.6 billion US dollars (+48% YoY FXN).
Credit quality (Brazil):
* 15-90 day NPL: increase to 4.7%, but better than historical seasonality.
* 90+ days NPL: decline to 6.5%, outperforms historical trends.
Management outlook
Founder and CEO David Vélez was very pleased: "We are entering 2025 with growing momentum... Revenues increased 40% year-over-year (YoY) on an FX-neutral (FXN) basis to $3.2 billion, driven by a 62% expansion of our interest-bearing portfolio, while maintaining best-in-class efficiency and profitability metrics." Nu remains on a disciplined growth path, reinvesting strategically and confident of creating sustainable value for clients and shareholders.
Valuation / My personal assessment
Nu Holdings' Q1 results are clearly positive and demonstrate the continued strength of the business model.
* Strengths: Robust and diversified customer growth, significant increase in revenue and net profit, industry-leading efficiency and solid credit quality development in a growing portfolio.
* To note: The slight decline in gross profit margin (to 41% ) and risk-adjusted NIM (to 8.2% ) reflect planned strategic investments in new markets and early provisioning.
Nu Holdings remains, in my opinion, excellently positioned to benefit from the digitalization of the financial sector in Latin America. The ability to combine rapid growth with increasing profitability and efficiency remains at the core of the investment story.
Source: https://www.investidores.nu/en/financials/results-center/
Disclsimer:
This summary is for informational purposes only, does not constitute investment advice and is based on publicly available reports of Nu Holdings dated May 13, 2025, for which no liability is assumed for accuracy or completeness.
$NU is now the world's most valuable neobank, with a valuation of $58 billion, according to new data released by Multiples, a UK-based valuation data platform. (Today US$ 63 B)
+ 1
$NU (+0.29%) is presenting its figures for the past quarter this evening/night. I'm still bullish, but I'm not committing myself to any figures. I hope the margins will now be increased bit by bit. Customer growth should increase less strongly than before and overall the targets should be achieved so as not to break the current upward trend.
As always, we'll know more tonight 😉
How are you doing? Who is still invested?
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More volatile than market but better thank market
$NU (+0.29%) seems to be on the right track again 🤩
$NU (+0.29%) Nubank is making moves in Mexico! On April 24, 2025, the fintech giant received approval from Mexican regulators to begin the process for a full banking license. This paves the way for more products, higher deposit limits, and faster growth in a huge market. Nubank already has 10 million customers in Mexico and continues to expand rapidly. With strong financial results, international expansion, and ongoing innovation (including crypto integration), the stock remains attractive for investors betting on digital banking and fintech growth in emerging markets.
https://www.reuters.com/world/americas/nubank-clears-major-hurdle-securing-mexico-banking-license-2025-04-24/
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