NEW YORK, Dec. 26, 2024 — Nvni Group Limited (NASDAQ: NVNI) (“Nuvini” or the “Company”), the leading serial acquirer of private SaaS B2B companies in Latin America reports financial results for FY 2023:
Key highlights:
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Net revenue: R$ 168,985 million up 36%
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Gross profit: R$ 102,847, million up 43%
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Adjusted EBITDA: R$ 44,238 million up 142%.
“We are incredibly proud of our FY 2023 performance, which reflects the strength of our business model and the unwavering dedication of our team,” said Pierre Schurmann, Nuvini’s CEO. “With 36% revenue growth, a remarkable 142% increase in Adjusted EBITDA, and a significant improvement in profitability metrics, we are demonstrating our ability to drive sustainable growth while delivering increasing value to our clients and shareholders. These results affirm our position as the leading consolidator of private SaaS B2B companies in Latin America. We are excited both about our current portfolio companies’ superior performance, reflected in the financial highlights below, and the opportunities ahead from our robust acquisition pipeline.”
Financial highlights
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Total Gross Profit of R$ 168,985 million up 36%
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Adjusted EBITDA R$ 44,238 million up 142%.
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Adjusted EBITDA margin at 26%, up from 18%, a 800 bps improvement.
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Aggregate churn down 28% across all clients to 3.3%
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CAC/LTV up 33% at 4
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52% Net Loss reduction to R$ 3.10 per share in 2022 vs R$ 6.48 per share in 2022, excluding R$176,282 million of non-cash, non-recurring and other extraordinary items related to the merger with the SPAC in September 2023.
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is the leading private serial software business acquirer in Latin America. The Nuvini Group acquires software companies within SaaS markets in Latin America. It focuses on acquiring profitable “business-to-business” SaaS companies with a consolidated business model, recurring revenue, positive cash generation and relevant growth potential. The Nuvini Group enables its acquired companies to provide mission-critical solutions to customers within its industry or sector. Its business philosophy is to invest in established companies and foster an entrepreneurial environment that would enable companies to become leaders in their respective industries. The Nuvini Group’s goal is to buy, retain and create value through long-term partnerships with the existing management of its acquired companies.