Shares of PagSeguro Digital Ltd. (PAGS) surged 5.93% in pre-market trading on Thursday following the release of impressive third-quarter results and the announcement of strategic leadership changes. The Brazilian digital payments and banking company demonstrated resilience in a challenging macroeconomic environment, showcasing strong growth across key financial metrics.

PagBank, PagSeguro's digital banking arm, reported a recurring net income of BRL 571 million for Q3 2025. Net revenue grew by 14.4% year-over-year, reaching BRL 3.4 billion, driven by the acceleration of its banking platform and higher financial services revenue. The company's loan portfolio expanded by 29.9% year-over-year to BRL 4.2 billion, with a notable 116% year-over-year increase in working capital for SMEs. Additionally, deposits rose by 15.3% compared to the previous year, totaling BRL 39.4 billion.

In a move that signals confidence in its future growth, PagBank announced key leadership changes effective January 1, 2026. Current COO Carlos Mauad will assume the role of CEO, while Gustavo Sechin, the current Head of IR, will become the new CFO. The company also plans to intensify its use of AI to enhance customer experience and maintain its focus on loan growth as a long-term strategic priority. These developments, combined with the strong Q3 performance, have bolstered investor confidence in PagSeguro's ability to navigate challenges and capitalize on opportunities in the evolving Brazilian fintech landscape.