Stone reports R$ 526 million in adjusted net income in 2022 and reinforces its execution strength.

SAO PAULO: StoneCo Ltd. (Nasdaq: STNE) total revenue grew 44.5% YoY in 4Q22 reaching R$ 2.7 billion, with R$ 316 million of adjusted EBT, 26.6% exceeding guidance and 50.2% higher than 3Q22. EBT margin was 11.7%, 3.3 percentage points higher compared to 3Q22. In 2022, doubled its total revenue over 2021, reaching R$ 9.6 billion and multiplied its adjusted net income by 6.2x to R$ 525.5 million.

The company also increased its MSMB active client base by 48.3% compared with 2021, adding 823 thousand clients reaching 2.5 million clients. The Financial Services segment grew 49.3% YoY in 4Q22 to R$ 2.3 billion, while software segment grew 20.8% reaching R$ 376 million.

"As we continue with our strategy of growth with increased margins, we delivered another quarter with solid results in terms of revenue, profitability, cash generation, and market share gains. Our banking strategy continues to evolve consistently with total deposits reaching R$ 4 billion at the end of the quarter. Additionally, we had positive results with operating margin gains in our Software platform", says Stone CEO, Thiago Piau. "We will continue to grow with focus on profitability and evolving our solutions to continue to support Brazilian entrepreneurs in their businesses", he adds.

In 4Q22, the banking platform reached 693 thousand active clients, up 40.9% versus 4Q21, and expanding the volume of deposits by almost R$ 1 billion quarter over...