Nu Holdings Ltd. Reports Second Quarter 2022 Financial Results - Seite 2

• Revenue: total revenue for Q2´22 reached a new record high of $1,2 billion, increasing 230% YoY on a FXN, as Nu continues effectively upselling and cross-selling its expanding portfolio of financial products.
• Gross Profit: totaled $363.5 million in Q2´22, increasing 109% YoY FXN. The gross profit margin was 31% in Q2´22.
• Adjusted Net income³: Nu reported Adjusted Net Income of $17 million in Q2´22.
• Capital: As of June 30, 2022, Nu continued to show a strong capital position with NuFin’s adjusted capital reaching $3.9 billion, of which 79% was cash and cash equivalents.
• Liquidity: Nu reported an interest-earning portfolio of $3.2 billion, while total deposits reached over four times this value at $13.3 billion.

Business highlights

• Customer Base Growth: Brazilian customers increased 51% YoY to 62.3 million, representing now 36% of the country’s adult population, with our SMEs customer base going up 150% YoY, growing to 2.0 million. This likely positions Nu as the fifth largest financial institution in Brazil in terms of numbers of customers. Purchase volume reached $20 billion in Q2´22, expanding 94% YoY FXN, placing Nu as the #4 cards player in Brazil this quarter (in terms of Purchase Volume).
• Multi-Product Platform: during the quarter, the core products - Credit Cards, NuConta and Personal Loans - reached 29 million, 45 million and 4 million active customers, respectively. Insurance, launched last year, has reached over 700,000 active customers, NuInvest has reached over 5 million active customers, and NuCripto reached 1 million customers in July 2022, only 3 weeks after launch.
• Profitability in Brazil: NuBrazil, the Company’s core market, achieved accounting net income in H1´22 of US$13.0 million, a major milestone. Profitability in our core products - Credit Cards, personal loans and NuConta - has enabled us to reinvest those gains in penetrating adjacent verticals in Brazil, while supporting our expansion in Mexico and Colombia.
• International Expansion: In Mexico, our second largest market, Nu’s customer base increased over 6x YoY to 2.7 million. In Colombia, we reached 314,000 customers. In both markets, we believe to be position as the #1 issuer of new credit cards in the country and together these two countries added 700,000 unique customers, while maintaining an NPS around 90 in both markets.

Footnotes