At Méliuz, we view this development as a defining milestone — one that signals the beginning of what we call the “Productive Treasury Era”: Treasury 2.0.
We were proud to be part of its development and will continue to share updates through our investor relations channels.
⚡️
At Méliuz, we view this development as a defining milestone — one that signals the beginning of what we call the “Productive Treasury Era”: Treasury 2.0.
We were proud to be part of its development and will continue to share updates through our investor relations channels.
⚡️
A Lightning⚡️está pronta para os institucionais e o compromisso da BitGo com o Lightning Earn é a prova disso.
Clientes da BitGo poderão alocar seus Bitcoins na Lightning para ganhar fees de roteamento.
Um desenvolvimento incrível do qual temos muito orgulho de ter participado!
1Q26 tá entregue.
Pela primeira vez na história, o Méliuz (@MeliuzBitcoin) ultrapassa R$100M em EBITDA LTM e com a maior margem operacional da história da companhia.
Highlights:
• Programa de recompra de ações gerou Bitcoin Yield de 6,9% acumulado desde o lançamento (12,4% de taxa anualizada)
• EBITDA 1Q26: R$30,1M (+74% vs 1Q25)
• EBITDA LTM: R$105,3M (+60% vs LTM1Q25)
• Receita 1Q26: R$118,2M (+18% vs 1Q25)
• Receita LTM: R$478,1M (+25% vs LTM1Q25)
• Margem EBITDA 1Q26: 25,5% (+8,2 p.p. vs 1Q25)
• Margem EBITDA LTM: 22,0% (+4,8 p.p. vs LTM1Q25)
• Dívida zero
O negócio operacional está a todo vapor e com isso segue crescendo Bitcoin por ação independentemente das condições de mercado.
Parabéns a todo time pelo tri fantástico! 🚀
Méliuz (@MeliuzBitcoin) 1Q26 earnings just released.
For the first time ever, we crossed R$100M in LTM EBITDA with the highest operating margin in our company's history.
A few highlights:
• Buyback program Bitcoin Yield: 6.9% cumulative since launch (12.4% annualized run-rate)
• 1Q26 EBITDA: R$30.1M (+74% vs 1Q25)
• LTM EBITDA: R$105.3M (+60% vs LTM1Q25)
• 1Q26 Revenue: R$118.2M (+18% vs 1Q25)
• LTM Revenue: R$478.1M (+25% vs LTM1Q25)
• 1Q26 EBITDA Margin: 25.5% (+8.2 p.p. vs 1Q25)
• LTM EBITDA Margin: 22.0% (+4.8 p.p. vs LTM1Q25)
• Zero debt
Operating business is firing on all cylinders. Compounding Bitcoin per share regardless of market conditions.
Please find the full earnings release below, and join us for our post-earnings Spaces tomorrow at 11:30 EST / 12:30 BRT.
Please join us for the @MeliuzBitcoin Q1 2026 post-earnings Spaces this Friday at 11:30 AM ET / 12:30 PM BRT.
Guest questions will come from @hillery_dan and @chasepalmieri .
Set a reminder and tune in live. https://t.co/qJhpHNRFE7
Resultados Méliuz:
4T25:
Receita Líq. de R$ 138,3 MM (+32% vs 4T24)
Margem EBITDA de 25,0% (+4,9 p.p. vs 4T24)
EBITDA de R$ 34,6 MM (+64% vs 4T24)
2025:
Receita Líq. de R$ 460,2 MM (+26% vs 2024)
Margem EBITDA de 20,2% (+5,4 p.p. vs 2024)
EBITDA de R$ 92,9 MM (+72% vs 2024)
2025 was the best year in Méliuz's history.
Net revenue: R$ 460M (+26% YoY)
Adj. EBITDA: R$ 93M (+72% YoY)
Adj. EBITDA margin Q4'25: 25% (+4.9 p.p. vs Q4'24) — the highest of any quarter in our history, including pre-IPO.
In three years, we went from adj. EBITDA of -R$ 94M to nearly +R$ 100M.
Shopping Brasil, our core business, grew 41% YoY. New products and verticals (Ads, Nota Fiscal, Prime, For Brands, Joy) already account for 30% of Shopping revenue in Q4'25. We added R$ 56M in revenue solely from new products outside e-commerce. Revenue is increasingly decoupled from the core business.
50 million Brazilians have chosen Méliuz as part of their shopping journey.
In Q4'25, we generated over R$ 20M in cash in a single quarter — the first time ever. Fixed expenses dropped from 36% to 27% of net revenue. Operating leverage is compounding.
We ended 2025 with 604.7 BTC in custody, and in Q4'25, we chose to direct cash generation toward share buybacks instead of purchasing more Bitcoin. The rationale: when our shares are underpriced, buying them back is the most efficient way to generate Bitcoin Yield for our shareholders. We repurchased R$ 16M in shares during the quarter. Bitcoin Yield of 3.2% in Q4'25.
At current prices, the operational business is valued at 0.5x EBITDA.
#CASH3 $MLIZY
Tomorrow at 12:30 p.m., a Super Special Spaces!
We’ll talk for 30 minutes about the fourth-quarter results with @ducavendish and @caueconomy.
It’ll be right after our earnings webcast, which starts at 11:00 a.m. Link to the Spaces below and to the webcast on the IR website! 🚀
https://t.co/YNiQZkRSLA
.@IBKR continues to bridge global investors with BR markets through B3 — a welcome move.
When international platforms integrate with local exchanges, transparency and efficiency benefit widely.
$CASH3 can now be traded by American, Canadian and European clients.