BMG Profit Jumps as B3 Earnings Drop in Q4 2025 Results

Overview

• BMG reported recurring net income of R$172 million in Q4 2025, a 38.2% increase from a year earlier.
• For 2025, BMG’s net profit reached R$561 million, up 27.2% versus 2024, with ROAE at 19.0% in Q4.
• B3 posted net income attributable to shareholders of R$907.8 million in Q4, a 23.0% year-over-year decline and down 27.2% from Q3.
• B3’s total revenue rose to R$3.0 billion in Q4, up 10.6% year over year, as recurring EBITDA advanced 14.5% to R$1.8 billion.
• Market activity at B3 strengthened, with average daily cash equity volume at R$26.2 billion (up 2.3% year over year) and fixed-income issuances and outstanding stock up 16.8% and 17.9%, respectively.