XP Inc. Reports Second Quarter 2024 Results
SÃO PAULO--(BUSINESS WIRE)--Aug. 13, 2024--
Summary
Operating Metrics (unaudited) |
2Q24 |
2Q23 |
YoY |
1Q24 |
QoQ |
Total Client Assets (in R$ bn) |
1,167 |
1,024 |
14% |
1,141 |
2% |
Total Net Inflow (in R$ bn) |
32 |
22 |
44% |
15 |
119% |
Annualized Retail Take Rate |
1.29% |
1.30% |
-1 bps |
1.24% |
5 bps |
Active Clients (in '000s) |
4,626 |
4,013 |
15% |
4,587 |
1% |
Headcount (EoP) |
6,834 |
6,002 |
14% |
6,579 |
4% |
|
18.3 |
16.5 |
11% |
17.7 |
3% |
Retail DATs (in mn) |
2.4 |
2.2 |
10% |
2.2 |
12% |
Retirement Plans Client Assets (in R$ bn) |
75 |
64 |
17% |
73 |
3% |
Cards TPV (in R$ bn) |
11.5 |
9.7 |
19% |
11.3 |
2% |
Credit Portfolio (in R$ bn) |
19.3 |
17.9 |
8% |
22.5 |
-14% |
Gross Written Premiums (in R$ mn) |
307 |
202 |
52% |
229 |
34% |
|
|
|
|
|
|
Financial Metrics (in R$ mn) |
2Q24 |
2Q23 |
YoY |
1Q24 |
QoQ |
Gross revenue |
4,503 |
3,728 |
21% |
4,270 |
5% |
Retail |
3,294 |
2,892 |
14% |
3,131 |
5% |
Institutional |
346 |
385 |
-10% |
354 |
-2% |
Corporate & Issuer Services |
629 |
283 |
122% |
509 |
24% |
Other |
233 |
167 |
39% |
276 |
-16% |
Net Revenue |
4,219 |
3,549 |
19% |
4,053 |
4% |
Gross Profit |
2,940 |
2,402 |
22% |
2,737 |
7% |
Gross Margin |
69.7% |
67.7% |
201 bps |
67.5% |
214 bps |
EBT |
1,384 |
968 |
43% |
1,088 |
27% |
EBT Margin |
32.8% |
27.3% |
552 bps |
26.9% |
594 bps |
Net Income |
1,118 |
977 |
14% |
1,030 |
9% |
|
26.5% |
27.5% |
-103 bps |
25.4% |
109 bps |
Basic EPS (in R$) |
2.05 |
1.85 |
11% |
1.88 |
9% |
Diluted EPS (in R$) |
2.03 |
1.83 |
10% |
1.85 |
9% |
ROAE¹ |
22.1% |
22.0% |
13 bps |
20.7% |
149 bps |
ROTE2 |
27.2% |
24.1% |
315 bps |
25.4% |
181 bps |
____________________ |
1 – Annualized Return on Average Equity. |
2 – Annualized Return on Average Tangible Equity. Tangible Equity excludes Intangibles and |
Operating KPIs
1. INVESTMENTS
Client Assets and Net Inflow (in R$ billion)
Client Assets totaled
In 2Q24, Net Inflow was
Active Clients (in ‘000s)
Active clients grew 15% YoY and 1% QoQ, totaling 4.6 million in 2Q24.
Retail Daily Average Trades (in million)
Retail DATs totaled 2.4 million in 2Q24, up 10% YoY and 12% QoQ.
NPS
Our NPS, a widely known survey methodology used to measure customer satisfaction, was 71 in 2Q24. Maintaining a high NPS score remains a priority for XP since our business model is built around client experience. The NPS calculation as of a given date reflects the average scores in the prior six months.
2. RETIREMENT PLANS
Retirement Plans Client Assets (in R$ billion)
As per public data published by Susep, XPV&P’s Market Share went up to 4.3% and individual’s market share (PGBL and VGBL) to 4.9%. Total Client Assets were
3. CARDS
Cards TPV (in R$ billion)
In 2Q24, Total TPV was
Active Cards (in ‘000s)
Total Active Cards were 1.3 million in 2Q24, a growth of 35% YoY and 4% QoQ, being 1.0 millionCredit Cards and 0.3 million Active Debit Cards.
4. CREDIT3
Credit Portfolio (in R$ billion)
Total Credit Portfolio reached
____________________ |
3 - From 3Q22 onwards, the credit portfolio is disclosed gross (versus previously net) of loan loss provisions, also retroactively, not including Intercompany transactions and Credit Card related loans and receivables |
5. INSURANCE
Gross Written Premiums (in R$ million)
Gross written premiums (GWP) refer to the total amount of premium income that XPs has written or sold during a particular reporting period before deductions for provisions, reinsurance and other expenses. This figure represents the total premiums that customers have agreed to pay for life insurance policies issued by the company, or sold by the company and issued by third-party insurers, including both new policies and renewals. It is a crucial metric for assessing the total business volume of an insurance company or insurance broker within that period.
In the 2Q24, Gross Written Premiums grew 52% YoY and 34% QoQ.
Discussion of Financial Results
Total Gross Revenue
Gross Revenue was
Retail Revenue
(in R$ mn) |
2Q24 |
2Q23 |
YoY |
1Q24 |
QoQ |
Retail Revenue |
3,294 |
2,892 |
14% |
3,131 |
5% |
Equities |
1,115 |
1,064 |
5% |
1,128 |
-1% |
Fixed Income |
820 |
578 |
42% |
704 |
17% |
Funds Platform |
357 |
341 |
5% |
316 |
13% |
Retirement Plans |
97 |
87 |
12% |
95 |
2% |
Cards |
313 |
232 |
35% |
297 |
6% |
Credit |
54 |
44 |
24% |
55 |
-2% |
Insurance |
51 |
36 |
45% |
45 |
13% |
Other Retail |
485 |
511 |
-5% |
490 |
-1% |
Annualized Retail Take Rate |
1.29% |
1.30% |
-1 bps |
1.24% |
5 bps |
Retail revenue was
Take Rate
Annualized Retail Take Rate was 1.29% in 2Q24, up 5 bps QoQ, and stable YoY.
Institutional Revenue
Institutional revenue was
Corporate & Issuer Services Revenue
Corporate & Issuer Services revenue totaled
Other Revenue
Other revenue was
Costs of Goods Sold and Gross Margin
Gross Margin was 69.7% in 2Q24 versus 67.7% in 2Q23 and 67.5% in 1Q24. Sequential increase in Gross Margin was mainly related to revenue mix between products and channels in the quarter.
SG&A Expenses4
(in R$ mn) |
2Q24 |
2Q23 |
YoY |
1Q24 |
QoQ |
Total SG&A |
(1,420) |
(1,246) |
14% |
(1,416) |
0% |
People |
(978) |
(899) |
9% |
(1,007) |
-3% |
Salary and Taxes |
(399) |
(344) |
16% |
(432) |
-8% |
Bonuses |
(446) |
(428) |
4% |
(410) |
9% |
Share Based Compensation |
(133) |
(127) |
5% |
(164) |
-19% |
Non-people |
(442) |
(347) |
27% |
(410) |
8% |
LTM Compensation Ratio5 |
24.6% |
26.8% |
-212 bps |
25.2% |
-55 bps |
LTM Efficiency Ratio6 |
36.1% |
38.3% |
-226 bps |
36.5% |
-44 bps |
Headcount (EoP) |
6,834 |
6,002 |
14% |
6,579 |
4% |
SG&A4 expenses totaled
Our last twelve months (LTM) compensation ratio5 in 2Q24 was 24.6%, an improvement from 26.8% in 2Q23 and from the 25.2% in 1Q24. Also, our LTM efficiency ratio6 reached 36.1% in 2Q24, the lowest level since our IPO, reinforcing once again our focus on cost discipline and efficient expenses management.
____________________ |
4 - Total SG&A and non-people SG&A exclude revenue from incentives from Tesouro Direto, B3. |
5 - Compensation ratio is calculated as People SG&A (Salary and Taxes, Bonuses and Share Based Compensation) divided by Net Revenue. |
6 - Efficiency ratio is calculated as SG&A ex-revenue from incentives from Tesouro Direto, B3, and others divided by Net Revenue. |
Earnings Before Taxes
EBT was
Net Income and EPS
In 2Q24, Net Income was
ROTE7 and ROAE8
We now present Return on Tangible Equity, which excludes Intangibles and
In 2Q24, ROTE7 was 27.2%, up 181 bps QoQ and up 315 bps YoY. Our ROAE8 in 2Q24 was 22.1%, up 149 bps QoQ and up 13 bps YoY.
____________________ |
7 – Annualized Return on Tangible Common Equity, calculated as Annualized Net Income over Tangible Common Equity, which excludes Intangibles and |
8 – Annualized Return on Average Equity. |
Other Information
Webcast and Conference Call Information
The Company will host a webcast to discuss its fourth quarter financial results on
Important Disclosure
In reviewing the information contained in this release, you are agreeing to abide by the terms of this disclaimer. This information is being made available to each recipient solely for its information and is subject to amendment. This release is prepared by
This release was prepared by the Company. Neither the Company nor any of its affiliates, officers, employees or agents, make any representation or warranty, express or implied, in relation to the fairness, reasonableness, adequacy, accuracy or completeness of the information, statements or opinions, whichever their source, contained in this release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. The information and opinions contained in this release are provided as at the date of this release, are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. The information in this release is in draft form and has not been independently verified. The Company and its affiliates, officers, employees and agents expressly disclaim any and all liability which may be based on this release and any errors therein or omissions therefrom. Neither the Company nor any of its affiliates, officers, employees or agents makes any representation or warranty, express or implied, as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any.
The information contained in this release does not purport to be comprehensive and has not been subject to any independent audit or review. Certain of the financial information as of and for the periods ended of
Statements in the release, including those regarding the possible or assumed future or other performance of the Company or its industry or other trend projections, constitute forward-looking statements. These statements are generally identified by the use of words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. These risks and uncertainties include factors relating to: (1) general economic, financial, political, demographic and business conditions in
Market data and industry information used throughout this release are based on management’s knowledge of the industry and the good faith estimates of management. The Company also relied, to the extent available, upon management’s review of industry surveys and publications and other publicly available information prepared by a number of third-party sources. All of the market data and industry information used in this release involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although the Company believes that these sources are reliable, there can be no assurance as to the accuracy or completeness of this information, and the Company has not independently verified this information.
The contents hereof should not be construed as investment, legal, tax or other advice and you should consult your own advisers as to legal, business, tax and other related matters concerning an investment in the Company. The Company is not acting on your behalf and does not regard you as a customer or a client. It will not be responsible to you for providing protections afforded to clients or for advising you on the relevant transaction.
This release includes our Float, Adjusted Gross Financial Assets, Net Asset Value, and Adjustments to Reported Net Income, which are non-GAAP financial information. We believe that such information is meaningful and useful in understanding the activities and business metrics of the Company’s operations. We also believe that these non-GAAP financial measures reflect an additional way of viewing aspects of the Company’s business that, when viewed with our International Financial Reporting Standards (“IFRS”) results, as issued by the
For purposes of this release:
“Active Clients” means the total number of retail clients served through our XP Investimentos, Rico, Clear, XP Investments and XP Private (
“Client Assets” means the market value of all client assets invested through XP’s platform and that is related to reported Retail Revenue, including equities, fixed income securities, mutual funds (including those managed by XP Gestão de Recursos Ltda., XP Advisory Gestão de Recursos Ltda. and
Rounding
We have made rounding adjustments to some of the figures included in this release. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them.
Unaudited Managerial Income Statement (in R$ mn)
Managerial Income Statement |
2Q24 |
2Q23 |
YoY |
1Q24 |
QoQ |
Total Gross Revenue |
4,503 |
3,728 |
21% |
4,270 |
5% |
Retail |
3,294 |
2,892 |
14% |
3,131 |
5% |
Equities |
1,115 |
1,064 |
5% |
1,128 |
-1% |
Fixed Income |
820 |
578 |
42% |
704 |
17% |
Funds Platform |
357 |
341 |
5% |
316 |
13% |
Retirement Plans |
97 |
87 |
12% |
95 |
2% |
Cards |
313 |
232 |
35% |
297 |
6% |
Credit |
54 |
44 |
24% |
55 |
-2% |
Insurance |
51 |
36 |
45% |
45 |
13% |
Other |
485 |
511 |
-5% |
490 |
-1% |
Institutional |
346 |
385 |
-10% |
354 |
-2% |
Corporate & Issuer Services |
629 |
283 |
122% |
509 |
24% |
Other |
233 |
167 |
39% |
276 |
-16% |
Net Revenue |
4,219 |
3,549 |
19% |
4,053 |
4% |
COGS |
(1,279) |
(1,147) |
12% |
(1,316) |
-3% |
Gross Profit |
2,940 |
2,402 |
22% |
2,737 |
7% |
Gross Margin |
69.7% |
67.7% |
201 bps |
67.5% |
214 bps |
SG&A |
(1,328) |
(1,246) |
7% |
(1,406) |
-6% |
People |
(978) |
(899) |
9% |
(1,007) |
-3% |
Non-People |
(350) |
(347) |
1% |
(400) |
-12% |
D&A |
(66) |
(51) |
29% |
(68) |
-3% |
Interest expense on debt |
(204) |
(152) |
34% |
(181) |
12% |
Share of profit in joint ventures and associates |
41 |
15 |
169% |
7 |
-76% |
EBT |
1,384 |
968 |
43% |
1,088 |
27% |
EBT Margin |
32.8% |
27.3% |
552 bps |
26.9% |
594 bps |
Tax Expense (Accounting) |
(266) |
9 |
n.a. |
(59) |
351% |
Tax expense (Tax Withholding in Funds)9 |
(107) |
(168) |
-36% |
(167) |
-36% |
Effective tax rate (Normalized) |
(25.0%) |
(14.0%) |
-1105 bps |
(18.0%) |
-700 bps |
Net Income |
1,118 |
977 |
14% |
1,030 |
9% |
|
26.5% |
27.5% |
-103 bps |
25.4% |
109 bps |
____________________ |
9 - Tax adjustments are related to tax withholding expenses that are recognized net in gross revenue. |
Accounting Income Statement (in R$ mn)
Accounting Income Statement |
2Q24 |
2Q23 |
YoY |
1Q24 |
QoQ |
Net revenue from services rendered |
1,949 |
1,483 |
31% |
1,624 |
20% |
Brokerage commission |
541 |
488 |
11% |
495 |
9% |
Securities placement |
686 |
407 |
69% |
490 |
40% |
Management fees |
443 |
419 |
6% |
411 |
8% |
Insurance brokerage fee |
52 |
42 |
23% |
49 |
5% |
Commission Fees |
260 |
174 |
49% |
208 |
25% |
Other services |
148 |
91 |
62% |
128 |
16% |
Sales Tax and contributions on Services |
(181) |
(139) |
30% |
(157) |
15% |
Net income from financial instruments at amortized cost |
(244) |
618 |
-140% |
227 |
-208% |
Net income from financial instruments at fair value through profit or loss |
2,515 |
1,448 |
74% |
2,202 |
14% |
Total revenue and income |
4,219 |
3,549 |
19% |
4,053 |
4% |
Operating costs |
(1,236) |
(1,092) |
13% |
(1,219) |
1% |
Selling expenses |
(33) |
(45) |
-27% |
(32) |
3% |
Administrative expenses |
(1,456) |
(1,276) |
14% |
(1,452) |
0% |
Other operating revenues (expenses), net |
95 |
24 |
289% |
9 |
933% |
Expected credit losses |
(43) |
(55) |
-22% |
(97) |
-56% |
Interest expense on debt |
(204) |
(152) |
34% |
(181) |
12% |
Share of profit or (loss) in joint ventures and associates |
41 |
15 |
169% |
7 |
477% |
Income before income tax |
1,384 |
968 |
43% |
1,088 |
27% |
Income tax expense |
(266) |
9 |
-3004% |
(59) |
n.a. |
Net income for the period |
1,118 |
977 |
14% |
1,030 |
9% |
Balance Sheet (in R$ mn)
Assets |
2Q24 |
1Q24 |
|||
Cash |
5.604 |
3.939 |
|||
Financial assets |
272.686 |
257.761 |
|||
Fair value through profit or loss |
170.035 |
144.887 |
|||
Securities |
134.481 |
112.185 |
|||
Derivative financial instruments |
35.554 |
32.702 |
|||
Fair value through other comprehensive income |
38.386 |
40.310 |
|||
Securities |
38.386 |
40.310 |
|||
Evaluated at amortized cost |
64.266 |
72.564 |
|||
Securities |
3.613 |
4.459 |
|||
Securities purchased under agreements to resell |
21.773 |
30.291 |
|||
Securities trading and intermediation |
4.440 |
2.512 |
|||
Accounts receivable |
675 |
639 |
|||
Loan Operations |
26.321 |
29.542 |
|||
Other financial assets |
7.445 |
5.121 |
|||
Other assets |
10.138 |
9.006 |
|||
Recoverable taxes |
392 |
437 |
|||
Rights-of-use assets |
390 |
251 |
|||
Prepaid expenses |
4.432 |
4.477 |
|||
Other |
4.923 |
3.842 |
|||
Deferred tax assets |
2.597 |
2.184 |
|||
Investments in associates and joint ventures |
3.129 |
3.115 |
|||
Property and equipment |
416 |
395 |
|||
|
2.570 |
2.523 |
|||
Total Assets |
297.141 |
278.922 |
Liabilities |
|
|
|
2Q24 |
1Q24 |
Financial liabilities |
|
|
|
213,285 |
198,444 |
Fair value through profit or loss |
49,597 |
51,917 |
|||
Securities |
14,683 |
17,528 |
|||
Derivative financial instruments |
34,913 |
34,389 |
|||
Evaluated at amortized cost |
163,688 |
146,527 |
|||
Securities sold under repurchase agreements |
53,890 |
49,054 |
|||
Securities trading and intermediation |
19,034 |
16,395 |
|||
Financing instruments payable |
72,397 |
63,037 |
|||
Accounts payables |
623 |
954 |
|||
Borrowings |
2,528 |
2,267 |
|||
Other financial liabilities |
|
|
|
15,216 |
14,820 |
Other liabilities |
|
|
|
63,693 |
59,935 |
Social and statutory obligations |
1,111 |
625 |
|||
Taxes and social security obligations |
627 |
501 |
|||
Retirement plans liabilities |
60,981 |
58,654 |
|||
Provisions and contingent liabilities |
129 |
101 |
|||
Other |
|
|
|
845 |
53 |
Deferred tax liabilities |
201 |
118 |
|||
Total Liabilities |
|
|
|
277,179 |
258,497 |
Equity attributable to owners of the Parent company |
|
|
|
19,958 |
20,421 |
Issued capital |
0 |
0 |
|||
Capital reserve |
19,402 |
19,332 |
|||
Other comprehensive income |
(226) |
186 |
|||
|
(1,366) |
(127) |
|||
Retained earnings |
2,147 |
1,030 |
|||
Non-controlling interest |
|
|
|
4 |
4 |
Total equity |
|
|
|
19,962 |
20,425 |
Total liabilities and equity |
|
|
|
297,141 |
278,922 |
Float, Adjusted Gross Financial Assets and Net Asset Value (in R$ mn)
We present Adjusted Gross Financial Assets because we believe this metric captures the liquidity that is, in fact, available to us, net of the portion of liquidity that is related to our Float Balance (and therefore attributable to clients). We calculate Adjusted Gross Financial Assets as the sum of (1) Cash and Financial Assets (comprised of Cash plus Securities – Fair value through profit or loss, plus Securities – Fair value through other comprehensive income, plus Securities – Evaluated at amortized cost, plus Derivative financial instruments, plus Securities (purchased under agreements to resell), plus Loans and Foreign exchange portfolio (assets) less (2) Financial Liabilities (comprised of the sum of Securities loaned, Derivative financial instruments, Securities sold under repurchase agreements and Private pension liabilities), Deposits, Structured Operation Certificates (COE), Financial Bills, Foreign exchange portfolio (liabilities), Credit cards operations and (3) less Float Balance.
It is a measure that we track internally daily, and it more intuitively reflects the effect of the operational profits we generate and the variations between working capital assets and liabilities (cash flows from operating activities), investments in fixed and intangible assets and investments in the IFA Network (cash flows from investing activities) and inflows and outflows related to equity and debt securities in our capital structure (cash flows from financing activities). Our management treats all securities and financial instrument assets, net of financial instrument liabilities, as balances that compose our total liquidity, with subline items (such as, for example, “securities at fair value through profit and loss” and “securities at fair value through other comprehensive income”) expected to fluctuate substantially from quarter to quarter as our treasury manages and allocates our total liquidity to the most suitable financial instruments.
In order to explain how we measure our cash position or generation internally, we are introducing the Net Asset Value concept. Since we are a financial institution, we hold several types of financial instruments with different characteristics, hence the definition of net cash that makes more sense from a business perspective is the Net Asset Value. It is basically the adjusted gross financial assets net of debt instruments.
Adjusted Gross Financial Assets |
|
|
|
2Q24 |
1Q24 |
Assets |
|
|
|
277,536 |
261,880 |
(+) Cash |
|
|
|
5,604 |
3,939 |
(+) Securities - Fair value through profit or loss |
|
|
|
134,481 |
112,185 |
(+) Securities - Fair value through OCI |
|
|
|
38,386 |
40,310 |
(+) Securities - Evaluated at amortized cost |
|
|
|
3,613 |
4,459 |
(+) Derivative financial instruments |
|
|
|
35,554 |
32,702 |
(+) Securities purchased under agreements to resell |
|
|
|
21,773 |
30,291 |
(+) Loans and credit card operations |
|
|
|
26,321 |
29,542 |
(+) Foreign exchange portfolio |
|
|
|
3,555 |
3,335 |
(+) Energy |
|
|
|
4,583 |
3,624 |
(+) Central Bank Deposits |
|
|
|
3,667 |
1,494 |
Liabilities |
|
|
|
(242,890) |
(227,665) |
(-) Securities |
|
|
|
(14,683) |
(17,528) |
(-) Derivative financial instruments |
|
|
|
(34,913) |
(34,389) |
(-) Securities sold under repurchase agreements |
|
|
|
(53,890) |
(49,054) |
(-) Retirement Plans Liabilities |
|
|
|
(60,981) |
(58,654) |
(-) Deposits |
|
|
|
(35,771) |
(27,657) |
(-) Structured Operations |
|
|
|
(19,517) |
(19,135) |
(-) Financial Bills |
|
|
|
(11,910) |
(10,315) |
(-) Foreign exchange portfolio |
|
|
|
(3,871) |
(3,675) |
(-) Credit card operations |
|
|
|
(7,105) |
(7,044) |
(-) Other Funding |
|
|
|
(249) |
(213) |
(-) Float |
|
|
|
(14,594) |
(13,883) |
(=) Adjusted Gross Financial Assets |
|
|
|
20,053 |
20,332 |
Net Asset Value |
|
|
|
2Q24 |
1Q24 |
(=) Adjusted Gross Financial Assets |
|
|
|
20,053 |
20,332 |
Gross Debt |
|
|
|
(10,918) |
(10,960) |
(-) Borrowings |
|
|
|
(2,528) |
(2,267) |
(-) Debentures |
|
|
|
(1,176) |
(2,280) |
(-) Structured financing |
|
|
|
(3,440) |
(2,976) |
(-) Bonds |
|
|
|
(3,775) |
(3,436) |
(=) Net Asset Value |
|
|
|
9,134 |
9,372 |
Float (=net uninvested clients' deposits) |
|
|
|
2Q24 |
1Q24 |
Assets |
|
|
|
(4,440) |
(2,512) |
(-) Securities trading and intermediation |
|
|
|
(4,440) |
(2,512) |
Liabilities |
|
|
|
19,034 |
16,395 |
(+) Securities trading and intermediation |
|
|
|
19,034 |
16,395 |
(=) Float |
|
|
|
14,594 |
13,883 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240813429336/en/
Investor Relations Contact
ir@xpi.com.br
Source: