Valid Solucoes SA
BOVESPA:VLID3
Valid Solucoes SA
Valid Solucoes SA provides a portfolio of solutions, including payment solutions, mobile solutions, identity solutions, digital marketing and digital certification. The company is headquartered in Rio De Janeiro, Rio De Janeiro. The company went IPO on 2006-04-27. The firm's activities are divided into four business segments: Means of payment, Identification, Telecommunications and Digital certification. The Means of payment division produces cards, which are used on a daily basis for payments, identification, gift cards, vouchers and tickets, among others. The Identification division offers physical and electronic solutions, such as capture, storage and data management, security printing, as well as recognition and digital printing. The Telecommunications division provides instant lottery tickets, prepaid cards and public transportation tickets, among others. The Digital certification division offers technology and support services for government-certified digital certificates.
Valid Solucoes SA provides a portfolio of solutions, including payment solutions, mobile solutions, identity solutions, digital marketing and digital certification. The company is headquartered in Rio De Janeiro, Rio De Janeiro. The company went IPO on 2006-04-27. The firm's activities are divided into four business segments: Means of payment, Identification, Telecommunications and Digital certification. The Means of payment division produces cards, which are used on a daily basis for payments, identification, gift cards, vouchers and tickets, among others. The Identification division offers physical and electronic solutions, such as capture, storage and data management, security printing, as well as recognition and digital printing. The Telecommunications division provides instant lottery tickets, prepaid cards and public transportation tickets, among others. The Digital certification division offers technology and support services for government-certified digital certificates.
Record Quarterly Results: Valid delivered its best quarterly revenue (BRL 540 million) and EBITDA (BRL 115 million) of 2025 so far, driven by strong performances in ID and Mobile.
ID and Mobile Growth: The ID vertical grew revenue by more than 16% year-over-year and Mobile posted its largest SIM card volume in 14 quarters, up nearly 19% year-to-date.
Pay Vertical Recovery: After restructuring, the Pay segment returned to profitability this quarter, reversing previous negative trends, though management cautions the outlook remains challenging.
Expansion of New Businesses: New Businesses revenue jumped 81% in the last 12 months, reaching an annualized BRL 332 million, and are on track to approach the company's BRL 350 million target for the year.
Strong Cash Generation: Operating cash flow conversion hit 107% of EBITDA in Q3 and 89% year-to-date; the company closed the quarter with BRL 653 million in cash.
Shareholder Returns: Valid continues to buy back shares, holding about 4% in treasury, and has paid significant dividends (BRL 106 million paid, BRL 109 million announced YTD).
Strategic Investments: The company is investing in new technology initiatives including Digital Government, integrated identity platforms, and AI, while also pursuing potential M&A, particularly in GovTech and biometrics.
