PagSeguro Digital : 1Q23 Financial Statements

1Q23

Results

PagSeguro Digital Ltd.

Unaudited Condensed Consolidated Interim Financial Statements

As of March 31, 2023 and for the three-month periods ended March 31, 2023 and 2022.

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PagSeguro Digital Ltd.
Unaudited condensed consolidated interim financial statements
As of March 31, 2023 and for the three-month periods ended March 31, 2023 and 2022
Contents
Unaudited condensed consolidated interim financial statements
Unaudited condensed consolidated interim balance sheet	3
Unaudited condensed consolidated interim statement of income	5
Unaudited condensed consolidated interim statement of comprehensive income	6
Unaudited condensed consolidated interim statement of changes in equity	7
Unaudited condensed consolidated interim statement of cash flows	8
Notes to the unaudited consolidated interim financial statements	9

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PagSeguro Digital Ltd.

Unaudited condensed consolidated interim balance sheet As of March 31, 2023 and 2022

(All amounts in thousands of reais)

	Note	March 31, 2023		December 31, 2022
Assets
Current assets
Cash and cash equivalents	5		1,816,164	1,829,097
Financial investments	6		1,063,650	1,103,299
Accounts receivable	7		34,002,111	36,248,589
Inventories			21,613	13,281
Tax receivable	8		448,283	410,801
Other receivables			155,772		162,011
Total current assets			37,507,593	39,767,078
Non-current assets
Accounts receivable	7		803,080	745,546
Judicial deposits			44,210	44,855
Deferred income tax and social contribution	18		102,105	99,411
Other receivables			27,164	18,509
Investment			1,763	1,651
Property and equipment	10		2,437,984	2,493,499
Intangible assets	11		2,267,729		2,158,773
Total non-current assets			5,684,035	5,562,244
Total assets			43,191,628	45,329,322

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

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PagSeguro Digital Ltd.

Unaudited condensed consolidated interim balance sheet As of March 31, 2023 and 2022

(All amounts in thousands of reais)

	Note	March 31, 2023		December 31, 2022
Liabilities and equity
Current Liabilities
Payables to third parties	12		16,647,566	17,988,139
Deposits	13		7,521,561	10,100,599
Borrowings	17		195,651	-
Derivative Financial Instruments	25		26,415	22,289
Trade payables			437,469	449,102
Payables to related parties	9		360,265	593,906
Salaries and social security charges	14		205,177	292,778
Taxes and contributions	15		99,973	89,779
Provision for contingencies	16		54,703	46,233
Deferred revenue			125,339	126,042
Other liabilities			29,118		31,484
Total current liabilities			25,703,237	29,740,351
Non-current liabilities
Payables to third parties	12		93,523	84,759
Deposits	13		3,156,535	1,894,689
Payables to related parties	9		161,085	-
Deferred income tax and social contribution	18		1,613,534	1,564,228
Provision for contingencies	16		14,827	14,370
Deferred revenue			17,792	17,486
Other liabilities			223,928		171,313
Total non-current liabilities			5,281,224	3,746,845
Total liabilities			30,984,461	33,487,196
Equity
Share capital	19		26	26
Treasury shares	19		(407,337)	(475,354)
Capital reserve	19		6,029,437	6,102,573
Retained earnings	19		6,607,236	6,237,392
Equity valuation adjustments	19		(22,372)	(22,372)
Other comprehensive income	19		177		(139)
Total equity			12,207,167	11,842,126
Total liabilities and equity			43,191,628	45,329,322

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

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PagSeguro Digital Ltd.

Unaudited condensed consolidated interim statement of income For the three-month periods ended March, 2023 and 2022

(All amounts in thousands of reais unless otherwise stated)

	Note
Revenue from transaction activities and other services	21
Financial income	21
Other financial income	21

Total revenue and income

Cost of sales and services	22
Selling expenses	22
Administrative expenses	22
Financial expenses	22
Other income (expenses), net	22

Profit before income taxes
Current income tax and social contribution	18
Deferred income tax and social contribution	18
Income tax and social contribution
Net income for the period
Basic earnings per common share - R$	20
Diluted earnings per common share - R$	20

Three-month period

March 31, 2023	March 31, 2022
2,151,016	2,054,583
1,534,202	1,330,795
64,514	41,573
3,749,732	3,426,951
(1,929,298)	(1,739,379)
(317,908)	(480,650)
(171,354)	(165,331)
(812,971)	(620,628)
(82,163)	(4,491)
436,038	416,472
(18,056)	(28,651)
(48,138)	(37,901)
(66,194)	(66,552)
369,844	349,920
1.1390	1.0569
1.1292	1.0504

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

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