Nuvini Group Limited: Driving Growth and Profitability in Latin American SaaS Market

Nuvini Group Limited (Nasdaq: NVNI), a leading acquirer of private SaaS B2B companies in Latin America, has reported strong financial results for the first half of 2024, reflecting continued revenue growth, operational efficiencies, and financial resilience. The company announced its unaudited financial results today, filing a 6-K with the SEC.

Key Financial Highlights:
Operating Profit: R$14.2 million, a dramatic increase from R$0.3 million in the prior year period, demonstrating improved operational efficiencies and cost management.
Adjusted EBITDA: R$26.5 million, a 25% increase from R$21.2 million in H1 2023, reflecting improved profitability and disciplined cost control.
Net Revenue: R$92.2 million, a 12.5% increase compared to R$81.9 million in H1 2023.
Net Cash from Operating Activities: R$16.3 million, further reinforcing the Company’s ability to generate strong cash flow from its growing operations.

Pierre Schurmann, CEO of Nuvini, commented on the results, "Nuvini’s H1 2024 results showcase our ability to drive sustainable growth and optimize operational performance. We have made significant strides in improving profitability while continuing to expand our revenue base. Our disciplined acquisition strategy and operational enhancements are positioning Nuvini as a leader in the Latin American SaaS market."

Operational and Strategic Highlights:
Revenue Growth Across Portfolio: Increased customer retention and a growing client base contributed to the double-digit revenue growth.
Improved Cost Management: Sales and marketing expenses decreased by 11.6%, demonstrating greater efficiency in customer acquisition.
Enhanced Cash Flow: The Company’s strong net cash from operations of R$16.3 million further solidifies its ability to fund future growth initiatives.
Technology and Product Enhancements: Continued investments in AI-driven solutions and platform improvements, aimed at delivering enhanced value to customers.

Nuvini Group Limited, headquartered in São Paulo, Brazil, is the leading private serial software business acquirer in Latin America. The company acquires software companies within SaaS markets in Latin America, focusing on profitable "business-to-business" SaaS companies with a consolidated business model, recurring revenue, positive cash generation, and relevant growth potential. Nuvini enables its acquired companies to provide mission-critical solutions to customers within its industry or sector, fostering an entrepreneurial environment that allows companies to become leaders in their respective industries.

Nuvini Investor Relations and Media Contact:
Deb Toledo
ir@nuvini.co

Forward-Looking Statements:
Some of the statements contained in this press release include or may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies regarding the future. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on Nuvini. There can be no assurance that future developments affecting Nuvini will be those that we have anticipated. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan,” “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about the ability of Nuvini to: realize the benefits expected from this strategic partnership; achieve projections and anticipate uncertainties relating to the business, operations and financial performance of Nuvini, including (i) expectations with respect to financial and business performance, including financial projections and business metrics and any underlying assumptions, (ii) expectations regarding market size, future acquisitions, partnerships or other relationships with third parties, (iii) expectations on Nuvini’s proprietary technology and related intellectual property rights, and (iv) future capital requirements and sources and uses of cash, including the ability to obtain additional capital in the future; enhance future operating and financial results; comply with applicable laws and regulations; stay abreast of modified or new laws and regulations applying to its business, including privacy regulation; anticipate rapid technological changes; and effectively respond to general economic conditions.

Nuvini Group Limited's strong financial results for H1 2024 reflect the company's ability to drive sustainable growth and optimize operational performance. The significant improvement in operating profitability and adjusted EBITDA margin, coupled with strategic technology investments, positions Nuvini as a leader in the Latin American SaaS market. The company's disciplined acquisition strategy and operational enhancements have enabled it to establish a competitive advantage, setting the stage for continued value creation through both organic growth and strategic acquisitions.