B3 profits grow by 3.5% in the third quarter to reach R$ 1.2 billion | finance

The exception was the “Markets” section, which includes income from derivatives, fixed income and credit, variable income, and asset lending. In this sector, which is the most represented in the results, revenues decreased by almost 3% to R$1.8 billion.

Fixed income and credit saw another quarter of growth, but the stock market’s average daily trading volume (ADTV) fell 6.5%.

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“It was a quarter in which we continued to see a more challenging trend for variable income markets, but we demonstrated once again that diversification has proven to be a successful strategy,” said Andre Milanese, Director of Financial and Investor Relations at B3. value.

In derivatives, average daily trading volume fell by just over 18%, to 9.3 million contracts. In Bitcoin futures, trading volume fell by 47%. Despite this decline, the product contributed R$19.7 million in the quarter, the company highlighted in a commentary on the performance.

On the fixed income side, wind is more favourable. The rise in interest rates and the development of the domestic debt market affected the increase in issuance by 12.5% ​​and 17.3% in the stock of fixed income instruments, compared to the same period last year, when the detention reached 8.4 trillion Brazilian reais. “Companies that previously could not access the local market, due to lack of depth, today export in large volumes, with extended deadlines and competitive costs,” says Milanese. “This market has not only attracted more companies, but also more investors.”

The volume of new issuances of bank financing instruments grew by 11.1%, and the average stock of bank financing instruments increased by 15.2%. Direct Treasury saw an 18.4% increase in the number of investors and a 30.2% increase in average inventory.

In derivatives, average daily trading volume (ADV) was 9.3 million contracts, a decrease of 18.3% compared to the same period last year, partially offset by a 10.9% increase in average revenue per contract (RPC).

In the period from July to September, B3’s total expenses amounted to R$841 million, an increase of 1.2% compared to the same months of 2024 and below the inflation rate for this period. “The focus remains on expenditure discipline, which helped achieve the result,” the manager said. As the company continues to invest in new products, there is “adding layers of cost on top of what is already installed.” He explained that this was a challenge, but in the third quarter specifically there was a slowdown in the growth rate of expenses, because this year’s expenses are better divided into months.

In terms of the product agenda, B3 launched the Selec Treasury Index and Gold Futures Index this quarter, as well as the Federal Reserve Public Securities Market Maker Program for the secondary fixed income market.

In terms of acquisitions, the company announced the purchase of 62% of the capital of Shipay, an integrated digital payments company, and 60% of the capital of the Credit Rights Registration Center (CRDC), which specializes in technology services for agents in the credit granting sector and which also works in market infrastructure.

Book entry copies are among the company’s strategic priorities, according to Milanese. He said: “The player who will be most capable of leadership is the one who can distinguish himself through the value and services he provides.” “We are continuing this strategy and can look for complements to our offer, whether through other acquisitions or internal development.”