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“Melioz’s net profit (Cash3) reflects losses and amounts to R$7.6 million

“Melioz’s net profit (Cash3) reflects losses and amounts to R$7.6 million

In the third quarter of 2023 (3Q23), Méliuz (CASH3) presented a consolidated net profit of R$7.6 million, showing a reversal of the loss of R$9.1 million recorded in the same period of 2022. The company posted This information was updated Wednesday (8).

In terms of adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), the company reached R$1.2 million, showing a growth of 105% compared to the third quarter of the previous year. Consolidated EBITDA reached a negative figure of R$900 thousand, which, however, exceeds the negative value of R$24.7 million recorded in 2022.

What was the total sales volume?

Gross sales volume (GMV) reached R$1.212 billion in 3Q23, registering a 6% decrease in the year-on-year comparison.

In the same period, the company’s net revenues amounted to R$70.4 million, exceeding revenues for the same period in 2022 by 8%, while the total payment volume reached R$35.1 million.

Total consolidated costs and expenses in Q3 2023 amounted to R$74 million, a decrease of 28% compared to Q3 2022. The company’s net service rate (net receiving rate) was 2.2%, 0.2 percentage points lower than average. Registered in the same period of the previous year. The acquisition rate was 5.9%, a decrease of 0.5 percentage points compared to the previous year, and the total number of accounts increased by 19%, reaching a total of 32 million accounts.

At September 30, 2023, consolidated net cash and cash equivalents amounted to R$418.9 million, representing a 2% decrease compared to the same point in 2022.

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