UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2024
Commission File Number: 001-38353
PagSeguro Digital Ltd.
(Name of Registrant)
Conyers Trust Company (Cayman) Limited,
Cricket Square, Hutchins Drive, P.O. Box 2681,
Grand Cayman, KY1-1111, Cayman Islands
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒    Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐    No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐    No ☒


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PagSeguro Digital Ltd.
Unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023

Contents

Unaudited condensed consolidated interim financial statements
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PagSeguro Digital Ltd.

Unaudited condensed consolidated interim balance sheet
As of June 30, 2024 and December 31, 2023
(All amounts in thousands of reais)
NoteJune 30, 2024December 31, 2023
Assets
Current assets
Cash and cash equivalents51,374,218 2,899,060 
Financial investments64,843,874 3,308,583 
Accounts receivable752,051,026 41,757,204 
Receivables from related parties95,740 4,307 
Derivative financial instruments2720,934 — 
Inventories30,210 33,537 
Tax receivable8466,104 563,305 
Other receivables191,096 162,832 
Total current assets58,983,202 48,728,828 
Non-current assets
Accounts receivable71,699,502 1,143,779 
Receivables from related parties926,253 27,974 
Judicial deposits61,333 50,992 
Tax receivable8200,637 — 
Deferred income tax and social contribution20104,443 98,856 
Other receivables77,303 35,584 
Property and equipment112,593,968 2,451,011 
Intangible assets122,731,501 2,571,069 
Total non-current assets7,494,940 6,379,265 
Total assets66,478,142 55,108,093 


The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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PagSeguro Digital Ltd.

Unaudited condensed consolidated interim balance sheet
As of June 30, 2024 and December 31, 2023
(All amounts in thousands of reais)

NoteJune 30, 2024December 31, 2023
Liabilities and equity
Current Liabilities
Payables to third parties1310,948,730 9,965,603 
Checking accounts1411,508,734 11,382,924 
Banking issuances1513,305,190 11,365,373 
Borrowings 192,457,755 189,427 
Derivative financial instruments277,891 40,945 
Trade payables638,928 513,920 
Payables to related parties9118,805 135,478 
Salaries and social security charges16311,925 345,248 
Taxes and contributions17343,647 240,671 
Provision for contingencies1844,067 91,490 
Deferred revenue134,642 128,461 
Other liabilities36,106 32,379 
Total current liabilities39,856,420 34,431,919 
Non-current liabilities
Payables to third parties1353,156 185,861 
Banking issuances159,428,802 4,823,067 
Payables to related parties9652,734 341,326 
Deferred income tax and social contribution201,848,619 1,832,087 
Provision for contingencies1870,977 5,729 
Deferred revenue20,823 17,724 
Other liabilities228,720 229,695 
Total non-current liabilities12,303,831 7,435,489 
Total liabilities52,160,251 41,867,408 
Equity
Share capital2126 26 
Treasury shares21(583,220)(760,317)
Capital reserve216,046,551 6,132,745 
Retained earnings218,877,267 7,891,076 
Equity valuation adjustments21(22,372)(22,372)
Other comprehensive income21(361)(473)
Total equity14,317,891 13,240,685 
  
Total liabilities and equity66,478,142 55,108,093 
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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PagSeguro Digital Ltd.
Unaudited condensed consolidated interim statements of income
For the three and six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
Three-month periodSix-month period
NoteJune 30, 2024June 30, 2023June 30, 2024June 30, 2023
Revenue from transaction activities and other services232,311,965 2,166,009 4,681,315 4,317,025 
Financial income232,113,085 1,594,974 3,945,081 3,129,176 
Other financial income23131,657 64,929 236,736 129,443 
 
Total revenue and income 4,556,707 3,825,912 8,863,132 7,575,644 
Cost of sales and services24(2,332,155)(1,926,072)(4,502,857)(3,855,370)
Selling expenses24(467,319)(321,442)(904,746)(639,350)
Administrative expenses24(216,236)(203,391)(446,852)(374,745)
Financial costs24(863,421)(795,627)(1,690,554)(1,608,598)
Other income (expenses), net24(99,851)(94,117)(168,030)(176,280)
 
Profit before income taxes 577,726 485,263 1,150,094 921,301 
Current income tax and social contribution20(131,304)(42,239)(154,629)(60,295)
Deferred income tax and social contribution2057,223 (57,929)(9,273)(106,067)
Income tax and social contribution (74,081)(100,168)(163,902)(166,362)
     
Net income for the period 503,645 385,095 986,192 754,939 
 
Basic earnings per common share - R$221.5785 1.1903 3.1012 2.3292 
Diluted earnings per common share - R$221.5629 1.1832 3.0653 2.3122 
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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PagSeguro Digital Ltd.
Unaudited condensed consolidated interim statements of comprehensive income
For the three and six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais)
Three-month periodSix-month period
June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Net income for the period503,645 385,095 986,192 754,939 
Other comprehensive income that may be reclassified to the statement of income in subsequent periods:
Currency translation adjustment650 (50)644 (73)
Gain on investments designated at fair value through OCI691 242 701 351 
Loss on derivative financial instruments through OCI(527)(2,098)(1,507)(1,695)
Income tax and social contribution(56)631 274 457 
Other comprehensive income for the period504,403 383,820 986,304 753,979 
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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PagSeguro Digital Ltd.
Unaudited condensed consolidated interim statement of changes in equity
For the three and six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais)
 Capital reserve  Profit reserve
Note Share capital  Treasury shares  Capital reserve  Share-based long-term incentive plan (LTIP)  Retained earnings  Equity valuation adjustments  Other comprehensive income  Total equity
On December 31, 202226 (475,353)5,828,754 273,818 6,237,392 (22,372)(138)11,842,127 
Net income for the period— — — — 754,939 — — 754,939 
Currency translation adjustment — — — — — — (73)(73)
Gain on financial assets through OCI— — — — — — 231 231 
Loss on derivative financial instruments through OCI— — — — — — (1,119)(1,119)
Share based long term incentive plan (LTIP)— — — 73,116 — — — 73,116 
Acquisition of treasury shares— (143,669)— — — — — (143,669)
(LTIP) of treasury shares— 113,385 — (113,385)— — — — 
On June 30, 202326 (505,638)5,828,754 233,550 6,992,331 (22,372)(1,100)12,525,551 
Net income for the period— — — — 898,744 — — 898,744 
Currency translation adjustment — — — — — — 129 129 
Loss on financial assets through OCI— — — — — — (788)(788)
Gain on derivative financial instruments through OCI— — — — — — 1,285 1,285 
Share based long term incentive plan (LTIP)— — — 71,501 — — — 71,501 
Acquisition of treasury shares— (255,739)— — — — — (255,739)
(LTIP) of treasury shares— 1,059 — (1,059)— — — — 
On December 31, 202326 (760,319)5,828,754 303,991 7,891,075 (22,372)(473)13,240,685 
Net income for the period21— — — — 986,192 — — 986,192 
Currency translation adjustment
21— — — — — — 644 644 
Gain on financial assets through OCI21— — — — — — 463 463 
Loss on derivative financial instruments through OCI21— — — — — — (995)(995)
Share based long term incentive plan (LTIP)21— — — 90,905 — — — 90,905 
(LTIP) of treasury shares21— 177,099 — (177,099)— — — — 
On June 30, 202426 (583,220)5,828,754 217,797 8,877,267 (22,372)(361)14,317,891 
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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PagSeguro Digital Ltd,
Unaudited condensed consolidated interim statement of cash flows
For the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais)

Six-month period
NoteJune 30, 2024June 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before income taxes1,150,094 921,301 
Expenses (revenues) not affecting cash:
Depreciation and amortization
24
762,686 642,998 
Total losses
24
215,758 248,203 
Accrual of provision for contingencies
31,893 13,378 
Share based long term incentive plan (LTIP)
90,905 73,116 
Loss on disposal of property, equipment, intangible and investment assets
97,216 130,927 
Derivative financial instruments, net
(15,423)(10,915)
Interest accrued
675,257 208,663 
Other (income) cost, net
1,959 1,214 
Changes in operating assets and liabilities
Accounts receivable
(13,115,645)441,202 
Financial investments (mandatory guarantee)
(943,679)213,861 
Inventories
3,590 (19,509)
Taxes recoverable
(47,864)46,586 
Other receivables
(70,193)14,633 
Deferred revenue
9,280 (758)
Other liabilities
(908)7,333 
Payables to third parties
855,634 (687,401)
Checking accounts
(235,584)(626,412)
Trade payables
125,227 14,581 
Receivables from (payables to) related parties
276,762 (406,648)
Banking issuances
7,442,065 (1,314,997)
Salaries and social charges
(33,323)(16,324)
Taxes and contributions
(18,597)(24,213)
Provision for contingencies
(20,344)(9,548)
(2,763,236)(138,729)
Income tax and social contribution paid
(38,744)(59,086)
Interest income received (paid)
675,373 1,060,125 
NET CASH USED IN (PROVIDED BY) OPERATING ACTIVITIES(2,126,607)862,310 
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment
11
(639,767)(425,773)
Purchases and development of intangible assets
12
(555,305)(512,736)
Redemption (Acquisition) of financial investments
(379,311)(176,254)
NET CASH USED IN INVESTING ACTIVITIES(1,574,383)(1,114,763)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings
19
2,398,160 300,000 
Payment of borrowings
19
(190,432)— 
Payment of borrowings Interest
19
(6,290)— 
Acquisition of treasury shares
21
— (143,669)
Payment of leases
11
(9,263)(8,894)
Derivative Financial Instruments, net
(16,028)— 
NET CASH PROVIDED BY FINANCING ACTIVITIES2,176,148 147,437 
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(1,524,842)(105,017)
Cash and cash equivalents at the beginning of the period
5
2,899,060 1,829,097 
Cash and cash equivalents at the end of the period
5
1,374,218 1,724,081 
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
1.General information
PagSeguro Digital Ltd., (“PagSeguro Digital” or the “Company”), is a holding company with its principal executive office located in Cayman Islands, subsidiary of Universo Online S.A. (“UOL”), referred to, together with its subsidiaries, as the “PagSeguro Group”, and was incorporated on July 19, 2017. A total of 99,99% of the shares of PagSeguro Internet Instituição de Pagamento S.A. (“PagSeguro Brazil”) were contributed to PagSeguro Digital on January 4, 2018 and PagSeguro Digital maintains control of PagSeguro Brazil.
PagSeguro Brazil is a privately held corporation established on December 20, 2006, and engages in providing financial technology solutions and services and corresponding related activities, focused principally on micro-merchants and small and medium-sized businesses (“SMBs”).
In January 2023, PagSeguro Biva Serviços Financeiros Ltda., incorporated PagSeguro Biva Correspondente Bancário Ltda and, in July 2023, PagSeguro Instituição de Pagamento S.A. incorporated Registra Seguro S.A.
In July 2023, PagSeguro Brazil acquired 90% of the shares of NetPos Serviços de Informática S.A. (“NetPos”), which together with the 10% of shares previously acquired, resulted in PagsSeguro Brazil owning 100% of the share capital of the Netpos.
In June 2024, PagSeguro Digital acquired 5% of Fundo de Investimento em Direitos Creditórios – PagSeguro (“FIDC”) shares from its subsidiary PagSeguro Brazil, which together with the 15% of FIDC shares previously acquired resulted in PagSeguro Digital owning 20% of the share capital of the fund.
In June 28, 2024, PagSeguro Group constituted an investment fund as a subsidiary of PagSeguro Brazil called Fundo de Investimento em Direitos Creditórios – Pagbank Multiadquirencia (“FIDM”). The objective of this fund is to anticipate third-party assignments in accordance with market operations.
The subsidiaries of PagSeguro Digital are PagSeguro Brazil, PagSeg Participações Ltda. (“PagSeg”), BS Holding Financeira Ltda. (“BS Holding”) and PagSeguro Holding Ltd. (“PSHC”). The PagSeguro Group subsidiaries are as follows:
•PagSeguro Brazil subsidiaries are PagSeguro Biva Securitizadora de Créditos Financeiras S.A. (“Biva Sec”), FIDC, Wirecard Brazil Instituição de Pagamento S.A. (“MOIP), Concil Inteligência em Conciliação S.A. (“Concil”), NetPos and FIDM.
•PagSeg subsidiaries are Net+Phone Telecomunicações Ltda. (“Net+Phone”), PagSeguro Tecnologia (“PagSeguro Tecnologia”), BCPS Online Services Lda. (“BCPS”), CDS Serviços Financeiros Ltda, (“CDS”), PagSeguro Biva Serviços Financeiros Ltda. (“Biva Serviços”) and PagBank Participações Ltda. (“Pag Participações”).
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
1.General information (continued)
•Pag Participações subsidiaries are Tilix Digital Ltda. (“TILIX”), Yamí Software & Inovação Ltda. (“YAMÍ”) and Zygo Serviços de Tecnologia S.A. (“ZYGO”),
•PSHC subsidiaries are PagSeguro Chile SPA (“PagSeguro Chile), PagSeguro Colombia S.A.S (“PagSeguro Colombia), PSGP México S.A de C.V. (“PSGP Mexico”) and PagSeguro Peru S.A.C. (“PagSeguro Peru”).
•BS Holding subsidiaries are BancoSeguro S.A. (“BancoSeguro”) and PagInvest CTVM Ltda. (“PagInvest”).
These unaudited condensed consolidated interim financial statements include PagSeguro Brazil, PagSeg, PSHC, BS Holding and corresponding subsidiaries.
2.Presentation and preparation of the unaudited condensed consolidated interim financial statements and material accounting policies
2.1. Basis of preparation of the condensed consolidated interim financial information
These unaudited condensed consolidated interim financial statements have been prepared in accordance with the International Financial Reporting Standards ("IFRS®"), as issued by the International Accounting Standards Board ("IASB®") and disclose all (and only) the applicable significant information related to the financial statements, which is consistent with the information utilized by management in the performance of its duties. The consolidated interim financial statements are presented in thousands of Brazilian reais, unless otherwise indicated, which is the functional currency of PagSeguro Group.
These unaudited condensed consolidated interim financial statements as of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023 (“Interim Financial Statements”) were authorized for issuance by the PagSeguro Digital’s Board of Directors on August 13, 2024.
These Interim Financial Statements have been prepared in accordance with International Accounting Standard 34, “Interim Financial Reporting” as issued by the IASB and disclose all (and only) the applicable significant information related to the financial statements. An entity shall include in its interim financial report an explanation of events and transactions that are significant to an understanding of the changes in financial position and performance of the entity since the end of the last annual reporting period. Information disclosed in relation to those events and transactions shall update the relevant information presented in the most recent annual financial report.
These Interim Financial Statements do not include all the notes of the type normally included in an annual consolidated financial statement. Accordingly, this report is to be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2023 (the “Annual Financial Statements”).
The accounting policies and critical accounting estimates and judgments adopted are consistent with those of the previous financial year and corresponding interim reporting period.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
2.2. New accounting standards adopted in 2024
The accounting policies adopted in the preparation of the consolidated interim financial statements for the period ended June 30, 2024 are consistent with those adopted for the year ended December 31, 2023, except for the changes required by the pronouncements, interpretations and standards which became effective on January 1, 2024, as described below.
–Amendment to IAS 1 "Presentation of Financial Statements": issued in May 2020 and 2022, with the objective of clarifying that liabilities are classified as current or non-current, depending on the rights that exist at the end of the period. The classification is not affected by the entity’s expectations or events after the reporting date (eg, receipt of a waiver or breach of covenant). The amendments also clarify what "settlement" of a liability refers to under IAS 1. The amendments to IAS 1 are effective as of January 1, 2024. The Pagseguro Group did not identify material changes in the financial results.
–Amendments to IFRS 16 – The amendments to IFRS 16 specify that, in measuring the lease liability subsequent to the sale and leaseback, the seller-lessee determines ‘lease payments’ and ‘revised lease payments in a way that does not result in the seller-lessee recognizing any amount of the gain or loss that relates to the right of use that it retains. This could particularly impact sale and leaseback transactions where the lease payments include variable payments that do not depend on an index or a rate. The amendments to IFRS 16 are effective as of January 1, 2024. The Pagseguro Group did not identify material changes in the financial results.
–Amendments to IAS 7 and IFRS 7 – The objective of the amendments to IFRS 7 is to provide information about SFAs that enables investors to assess the effects on an entity’s liabilities, cash flows and the exposure to liquidity risk. The amendments to IAS 7 are effective as of January 1, 2024. The Pagseguro Group did not identify material changes in the financial results.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
3.Consolidation of subsidiaries
As of June 30, 2024
CompanyAssetsLiabilitiesEquityNet income (loss) for the periodOwnership - % Level
Pagseguro Brazil52,605,225 42,864,423 9,740,802 560,371 99.99Direct
BS Holding894,659 88 894,571 60,096 100.00Direct
PagSeg Participações2,256,457 871 2,255,586 141,718 99.99Direct
PagSeguro Holding13,751 1,929 11,822 (3,114)99.99Direct
Pag Participações443,901 22,380 421,521 12,893 99.99Indirect
PagInvest Corretora16,389 21 16,369 393 99.99Indirect
Net+Phone 613,798 133,639 480,159 65,112 99.99Indirect
PagSeguro Tecnologia1,459,259 477,816 981,443 49,703 99.99Indirect
BCPS4,268 161 4,106 1,415 99.99Indirect
BSEC1,285,443 1,225,464 59,979 15,504 99.99Indirect
Biva Serviços 157,226 6,159 151,066 5,461 99.99Indirect
FIDC5,096,118 721,024 4,375,094 1,649,502 100.00Indirect
FIDM60,024 — 60,024 24 100.00Indirect
TILIX52,751 1,200 51,551 2,263 99.99Indirect
BancoSeguro38,604,576 37,748,701 855,875 59,491 100.00Indirect
Yamí139,050 1,071 137,978 3,821 99.99Indirect
CDS220,139 2,882 217,257 7,144 99.99Indirect
ZYGO221,456 561 220,895 7,121 99.99Indirect
MOIP703,413 39,317 664,096 41,931 100.00Indirect
Concil332,799 3,414 329,385 15,743 100.00Indirect
NetPos3,120 1,368 1,753 (376)100.00Indirect
PagSeguro Chile7,584 9,038 (1,454)(1,136)100.00Indirect
PagSeguro Colombia4,986 4,667 319 (200)100.00Indirect
PSGP México2,532 4,123 (1,592)(1,548)100.00Indirect
PagSeguro Peru5,430 3,872 1,558 (229)100.00Indirect

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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
3. Consolidation of subsidiaries (continued)
As of December 31, 2023 (except for net income, that is presented to six-month period ended June 30, 2023)
CompanyAssetsLiabilitiesEquityNet income (loss) for the periodOwnership - % Level
PagSeguro Brazil43,589,543 34,397,103 9,192,440 527,268 99.99 Direct
BS Holding834,565 225 834,340 34,573 100.00 Direct
PagSeg Participações2,114,250 871 2,113,379 31,965 99.99 Direct
PagSeguro Holding4,369 2,351 2,018 (1,845)99.99 Direct
Pag Participações430,782 272,154 158,628 606 99.99 Indirect
PagInvest Corretora16,252 276 15,976 382 99.99 Indirect
Net+Phone 536,583 121,535 415,048 29,935 99.99 Indirect
PagSeguro Tecnologia1,123,363 891,623 231,740 (196)99.99 Indirect
BCPS2,247 44 2,203 58 99.99 Indirect
BSEC1,514,756 146,978 44,778 13,651 99.99 Indirect
Biva Serviços 146,606 101,001 45,605 1,562 99.99 Indirect
FIDC5,324,969 728,280 4,596,689 1,183,357 100.00 Indirect
TILIX51,473 2,185 49,288 1,918 99.99 Indirect
BancoSeguro30,858,054 30,061,363 796,691 33,903 100.00 Indirect
Yamí135,126 100,968 34,158 (236)99.99 Indirect
CDS210,517 200,403 10,114 6 99.99 Indirect
Zygo215,856 152,082 63,774 (845)99.99 Indirect
Moip666,847 544,695 122,152 (14,652)100.00 Indirect
Concil317,283 303,640 13,643 (168)100.00 Indirect
PagSeguro Chile7,807 8,092 (285)(570)100.00 Indirect
PagSeguro Colombia5,585 5,122 463 (346)100.00 Indirect
PSGP México1,590 2,387 (797)(505)100.00 Indirect
PagSeguro Peru2,967 1,330 1,637 (635)100.00 Indirect
The operational context of the subsidiaries is to be read in conjunction with the annual financial statements for the year ended December 31, 2023.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
4. Segment reporting
Operating segments are determined based on the information reported and reviewed by the chief operating decision maker (“CODM”). The Board of Directors has been identified as the CODM and is responsible for allocating resources and assessing the performance of the business and to make PagSeguro Group’s strategic decisions.
Considering that all decisions are based on consolidated reports, and that all decisions related to strategic and financial planning, purchases, investments, and the allocation of funds are made on a consolidated basis, the PagSeguro Group and its subsidiaries operate in a single segment, as financial service agents.
Main companies of PagSeguro Group are domiciled in Brazil and have revenue arising from local customers and customers located abroad. The main revenue is related to sales from the domestic market. The revenue from international market represents 1% and 1% for the three and six-month periods ended June 30, 2024 (0.4% and 0.4% for the three and six-month periods ended June 30, 2023, respectively).
5. Cash and Cash Equivalents
June 30, 2024December 31, 2023
Short-term bank deposits450,911 2,039,952 
Short-term investment923,307 859,108 
1,374,218 2,899,060 
Cash and Cash Equivalents are held for the purpose of meeting short-term cash needs and include cash on hand, deposits with banks and other short-term highly liquid investments with original maturities of three-months or less and with immaterial risk of change in value.
Short-term bank deposits are mainly represented by amounts to cover instant payments (PIX), cash on ATMs and client payments. The decrease is mainly due to reserved amount for PIX coverage during the holidays in the end of 2023.
Short-term investments are mainly represented by deposits with banks with highly liquid investments with original maturities of three-months or less, with an average return of 100% of the CDI (10.40% per year as of June 30, 2024, and 11.65% per year as of December 31, 2023).
6.Financial investments
Consists mainly of investments in LFTs and compulsory reserves deposited in Brazilian Central Bank in the amount of R$4,843,874 as of June 30, 2024 (R$3,308,583 as of December 31, 2023) with an average return of 100% of the CDI (10.40% per year as of June 30, 2024 and 11.65% per year as of December 31, 2023), invested to comply with certain requirements for authorized payments institutions and to support the operations for financial institutions as set forth by the Brazilian Central Bank regulation. The LFTs were classified as fair value through other comprehensive income and compulsory reserve as amortized cost. Unrealized accumulated loss on LFTs as of June 30, 2024 totaled R$236 (gain of R$463, net of taxes, in the six-month period ended in June 30, 2024).
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
7.Accounts receivable
The composition of the accounts receivables are as follows:
June 30, 2024December 31, 2023
Card Issuers and Acquirers (i) 51,090,790 40,938,386 
Other accounts receivable (iii)127,002 19,241 
Total card issuers, acquirers and others51,217,792 40,957,627 
Payroll Loans, net (ii)1,935,461 1,317,306 
Credit Card Receivables, net (ii) 561,926 578,092 
Other Loans, net (ii)35,349 47,957 
Total credit receivables2,532,736 1,943,355 
Total accounts receivable53,750,528 42,900,983 
Current 52,051,026 41,757,204 
Non - Current1,699,502 1,143,779 
    (i)    Card issuers: receivables derived from transactions where PagSeguro Brazil acts as the financial intermediary in operations with the issuing banks, related to the intermediation agreements between PagSeguro Brazil and Visa, Mastercard, Hipercard, Amex or Elo. However, PagSeguro Brazil’s contractual accounts receivable is with the financial institutions, which are the legal obligors on the accounts receivable payment. Additionally, amounts due within 27 days of the original transaction, including those that fall due with the first installment of installment receivables, are guaranteed by Visa, Mastercard, Hipercard, Amex or Elo, as applicable, if the legal obligors do not make the payment. Acquirers refers to card processing transactions to be received from the acquirers, which are a third parties acting as financial intermediaries between the issuing bank and PagSeguro Brazil.
    (ii)    Payroll Loans, Credit Cards receivables and Other Loans are presented net of the ECL (“expected credit losses”) and are measured according to the IFRS 9, using: Exposure at Default (EAD) related to the exposed credit risk at default; Probability of Default (PD) related to the probability of the counterparty not meeting its contractual payment obligations; and Loss Given Default (LGD) related to the percentage of the exposure that is not expected to be recovered in the event of default. In addition to the methodology for calculating the allowance for impairment (EAD x PD x LGD). The Company takes into consideration the forward-looking information and assumptions as the historical loss experienced at individual transactions level, credit quality and guarantees, economic factors and estimated future cash flows, which could impact the calculation model for provisioning expected credit losses.
    (iii)    Refers to other dispersed receivables from legal obligors.
The maturity analysis of accounts receivables are as follows:
June 30, 2024December 31, 2023
Past due358,560 664,855 
Due within 30 days20,877,295 16,823,103 
Due within 31 to 120 days19,381,576 14,658,671 
Due within 121 to 180 days5,762,786 5,022,732 
Due within 181 to 365 days6,031,859 5,173,286 
Due after 365 days1,699,502 1,143,779 
Expected credit losses(361,052)(585,443)
53,750,528 42,900,983 
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
7. Accounts receivable (continued)
The maturity analysis of credit receivables as of June 30, 2024, and December 31, 2023 are as follows:
June 30, 2024
Payroll LoansCredit Card ReceivablesOther LoansTotal
Past due10,333 176,745 171,482 358,560 
Due within 30 days58,563 241,350 1,925 301,838 
Due within 31 to 120 days185,342 146,162 3,649 335,153 
Due within 121 to 180 days113,213 87,749 2,941 203,903 
Due within 181 to 360 days291,760 45,435 7,921 345,115 
Due after 360 days1,331,653 3,455 14,111 1,349,220 
1,990,864 700,896 202,029 2,893,789 
Expected credit losses(55,403)(138,970)(166,679)(361,052)
Receivables net of ECL 1,935,461 561,926 35,349 2,532,736 
December 31, 2023
Payroll LoansCredit Card ReceivablesOther LoansTotal
Past due21,921 247,542 395,392 664,855 
Due within 30 days39,939 233,190 3,611 276,739 
Due within 31 to 120 days125,458 143,967 6,518 275,944 
Due within 121 to 180 days74,979 86,614 1,063 162,655 
Due within 181 to 360 days207,902 46,120 1,482 255,505 
Due after 360 days885,366 6,061 1,672 893,100 
1,355,565 763,496 409,737 2,528,798 
Expected credit losses(38,259)(185,404)(361,780)(585,443)
Receivables net of ECL1,317,306 578,092 47,957 1,943,355 
For the credit receivables, the weighting of objective factors plus the analysis of the coverage percentage of accessory guarantees leads to the customer rating that allows the grouping of customers with similar credit risks and classification into one of the following stages as suggested by IFRS9:
June 30, 2024
Credit AmountExposure off balance credit limits not usedExpected Credit Losses
Payroll Loans
Stage 11,953,258 — (19,688)
Stage 23,744 — (3,364)
Stage 333,862 — (32,351)
Credit Card Receivables
Stage 1371,788 1,076,072 (4,345)
Stage 2186,160 722,798 (12,151)
Stage 3142,948 2,738 (122,474)
Other Loans
Stage 130,002 — (3,162)
Stage 2184 — (137)
Stage 3171,843 — (163,380)
Total2,893,789 1,801,608 (361,052)
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
7. Accounts receivable (continued)
December 31, 2023
Credit AmountExposure off balance credit limits not usedExpected Credit Losses
Payroll Loans
Stage 11,317,858 — (6,564)
Stage 25,147 — (887)
Stage 332,560 — (30,808)
Credit Card Receivables
Stage 1360,231 852,138 (3,685)
Stage 2185,325 323,776 (10,203)
Stage 3217,937 3,618 (171,516)
Other Loans
Stage 112,710 — (4,609)
Stage 22,194 — (1,415)
Stage 3394,834 — (355,756)
Total2,528,797 1,179,532 (585,443)
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
7. Accounts receivable (continued)

The reconciliation of credit portfolio operations segregated by stages:
Stage 1December 31, 2023Transfer to Stage 2Transfer to Stage 3Cure from Stage 2Cure From Stage 3Write-offAdditions/ReversalsJune 30, 2024
Payroll Loans1,317,860 (7,121)(3,026)281 540 — 644,726 1,953,258 
Credit Card Receivables360,231 (81,548)(1,564)46,953 234 — 47,482 371,788 
Other Loans12,710 (79)(3,417)30 — — 20,758 30,002 
1,690,801 (88,748)(8,007)47,264 774 712,966 2,355,048 
Stage 2December 31, 2023Transfer from Stage 1Transfer to Stage 3Cure to Stage 1Cure from Stage 3Write-offAdditions/ReversalsJune 30, 2024
Payroll Loans5,147 7,121 (8,269)(281)86 — (62)3,744 
Credit Card Receivables185,325 81,548 (41,151)(46,953)200 — 7,191 186,160 
Other Loans2,194 79 (1,619)(30)4 — (445)184 
192,66688,748(51,039)(47,264)2906,684190,088
Stage 3December 31, 2023Transfer from Stage 1Transfer from Stage 2Cure to Stage 1Cure to Stage 2Write-offAdditions/ReversalsJune 30, 2024
Payroll Loans32,560 3,026 8,269 (540)(86)(8,408)(959)33,862 
Credit Card Receivables217,937 1,564 41,151 (234)(200)(76,133)(41,137)142,948 
Other Loans394,834 3,417 1,619 — (4)(207,713)(20,309)171,843 
645,3318,00751,039(774)(290)(292,254)(62,405)348,653
The reconciliation of expected credit losses of credit portfolio receivables segregated by stages:
Stage 1December 31, 2023Transfer to Stage 2Transfer to Stage 3Cure from Stage 2Cure From Stage3Write-offAdditions/ReversalsJune 30, 2024
Payroll Loans(6,564)194 336 (17)(31)— (13,606)(19,688)
Credit Card Receivables(3,685)915 42 (630)(5)— (984)(4,345)
Other Loans(4,609)7 2,859 (4)— — (1,414)(3,162)
(14,858)1,116 3,237 (651)(36)— (16,002)(27,195)
Stage 2December 31, 2023Transfer from Stage 1Transfer to Stage 3Cure to Stage 1Cure from Stage 3Write-offAdditions/ReversalsJune 30, 2024
Payroll Loans(887)(194)1,291 17 (5)(3,586)(3,364)
Credit Card Receivables(10,203)(915)10,191 630 (67)(11,786)(12,151)
Other Loans(1,415)(7)1,044 4 (3)238 (137)
(12,505)(1,116)12,526651(75)—(15,134)(15,652)
Stage 3December 31, 2023Transfer from Stage 1Transfer from Stage 2Cure to Stage 1Cure to Stage 2Write-offAdditions/ReversalsJune 30, 2024
Payroll Loans(30,808)(336)(1,291)31 5 8,408 (8,361)(32,351)
Credit Card Receivables(171,516)(42)(10,191)5 67 76,133 (16,930)(122,474)
Other Loans(355,756)(2,859)(1,044)— 3 207,713 (11,436)(163,380)
(558,080)(3,237)(12,526)3675292,254(36,727)(318,205)
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
7. Accounts receivable (continued)
The movement in the allowance for expected credit losses of credit receivables is as follows:
Expected Credit LossesPayroll LoansCredit Card ReceivablesOther LoansTotal
December 31, 2023(38,259)(185,404)(361,780)(585,443)
Additions(43,004)(81,248)(33,147)(157,399)
Reversals17,45251,54920,53589,536
Write-Off (i)8,40876,133207,713292,254
June 30, 2024(55,403)(138,970)(166,679)(361,052)
(i)    Based on the PagSeguro credit risk classification model, which assesses the risk of insolvency and default of counterparties related to credit receivables, for the six-month period ended June 30, 2024, the PagSeguro Group carried out a partial write-off of credit receivables, for cases in which the Company does not expect to receive these amounts. The credit card receivables were written-off in the amount of R$76,133, other loans were written-off in the amount R$207,713 and payroll loans were written-off in the amount R$8,408 against the related provision for ECL recognized in previous periods.
8.Tax receivable
June 30, 2024December 31, 2023
Income tax and social contribution (i)602,584449,080
Social integration program (ii)46,84194,932
Other17,31619,293
666,741563,305
Current466,104 563,305 
Non-current200,637 — 
(i)    Refers mainly to withholding taxes from income tax and social contribution.
(ii)    Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS) recoverable on transaction activities and other services.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
9.Related-party balances and transactions
i)Balances and transactions with related parties
June 30, 2024December 31, 2023
ReceivablesPayablesReceivablesPayables
Banking issuances (a)

OFL Participações S.A.— 272,610 — — 
UOL— 226,679 — 208,718 
UOL Cursos Tec. Ed. Ltda.— 127,228 — 127,471 
Ingresso.com Ltda— 45,476 — 30,856 
Invillia Desenvolvimento de produtos Digitais Ltda— 17,883 — 41,554 
Invillia Holding Ltda— 3,557 — 3,132 
Web Jump Design em Informática Ltda— 3,056 — 8,684 
— 696,489 — 420,415 
Other transactions and services
UOL - sales of services (b)— 22,877 — 15,784 
Compasso UOL Tecnologia - sales of services (b)— 5,628 — 646 
Compasso UOL Informática Ltda.- sales of services (b)— 14,649 — 13,089 
Invillia Desenvolvimento de produtos Digitais Ltda - sales of services (b)— 11,905 — 11,121 
EDGE.UOL Tecnologia Ltda. - sales of services (b)— 25 — 171 
UOL - shared service costs (c)— 10,434 — 8,659 
Digital Services UOL S.A. - borrowing (d)31,993 — 32,281 — 
Others— 9,531 — 6,920 
31,993 75,050 32,281 56,390 
Current5,740 118,805 4,307 135,478 
Non - current26,253 652,734 27,974 341,326 
(a)    Certificate of Deposits (CD) acquired by related parties from BancoSeguro with interest rate between 104% to 106% (104% to 106% in December 31, 2023) per year of CDI. The maturity analysis is as follows:
June 30, 2024December 31, 2023
Due within 181 to 365 days43,75579,089
Due to 365 days or more days652,734341,326
696,489420,415
(b)    Sales of services refer mainly to the purchase of advertising services from UOL, colocation, development of software and cloud services acquired from other entities within the Uol Group.
(c)    Shared services costs mainly related to payroll costs that are incurred by the parent company UOL and are charged to PagSeguro Group.
(d)    This receivable refers to borrowing made from Biva Sec with interest rate of 100% of CDI plus 2.5% per year.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
9. Related-party balances and transactions (continued)
ii)Revenue and expense from transactions with related parties
Three-month ended June 30,Six-month ended June 30,
2024202320242023
RevenueExpenseRevenueExpenseRevenueExpenseRevenueExpense
Banking issuances (a)
UOL— 4,094 — 5,895 — 8,434 — 15,219 
UOL Edtech Tecnologia— — — — — — — 323 
Web Jump Design em Informática Ltda.— 326 — 273 — 519 — 810 
Ingresso.com Ltda.— 798 — 511 — 1,591 — 1,015 
UOL Cursos Tec. Ed. Ltda.— 2,823 — 2,499 — 5,570 — 5,143 
Invillia Desenvolvimento de produtos Digitais Ltda.— 1,002 — 3,513 — 2,045 — 3,513 
OFL Participações S.A.— 110 — — — 110 — — 
— 9,153 — 12,691 — 18,269 — 26,023 
Other transactions and services
UOL - sales of services (b)819 19,496 774 16,711 1,603 41,453 1,567 35,515 
Digital Services UOL S.A - sales of services (b)— — — 111 — — 166 690 
Compasso Tecnologia Ltda. - sales of services (b)— 1,394 — 2,432 — 2,504 — 3,965 
Compasso UOL S.A.- sales of services (b)— 42,274 — 36,329 — 80,398 — 79,228 
Invillia Desenvolvimento de produtos Digitais Ltda - sales of services (b)— 1 — 439 — 460 — 3,388 
EDGE.UOL Tecnologia Ltda. - sales of services (b)— 73 — — — 629 — — 
UOL-shared service costs (c)— 25,732 — 23,298 — 55,691 — 51,053 
Digital Services UOL S.A. - borrowing (d)1,042 — 166 — 2,068 — — — 
Others250 2,450 256 2,543 494 4,345 460 3,862 
2,111 91,420 1,196 81,863 4,165 185,482 2,189 177,701 
(a)    Expenses are related to Certificate of Deposits (CD) from BancoSeguro.
(b)    Sales of services are related to advertising services from UOL, revenue is related to intermediation fee and expenses related to colocation and cloud services, acquired from other entities within the Uol Group.
(c)    Shared services costs mainly related to payroll costs sharing that are incurred by the parent company UOL and are charged to PagSeguro Group. Such costs are included in administrative expenses.
(d)    Revenue refers to borrowing made from Biva Sec with interest rate of 100% of CDI plus 2.5% per year.

iii)Key management compensation
Key management compensation includes short and long-term benefits of PagSeguro Brazil's executive officers. The short and long-term compensation related to the executive officers for the three and six-month periods ended June 30, 2024 amounted to R$10,145 and R$24,161 (R$10,672 and R$19,403 for the three and six-month periods ended June 30, 2023).
10.Business Combination
On July 18, 2023, PagSeguro Brazil acquired 90% of the share capital, in addition to the 10% previously acquired and obtained 100% of the share capital of NetPos. Total consideration paid in cash amounted to R$32 million and was made in only one installment with the total net assets acquired at fair value amounting to R$16,069. NetPos main activity is the focused-on software solutions to improve the management of business in the information technology industry.
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
10. Business Combination (continued)
The preliminary purchase price allocation (“PPA”) considered the recognition of a customer portfolio with a fair value of R$1,367, non-compete agreement of R$1,154 and software of R$22,208 and recognition of deferred income tax on allocations above, resulting in the recognition of goodwill of R$15,931. This goodwill is attributable to the workforce and the high profitability of the acquired business and will not be deductible for tax purposes.
The PPA was elaborated considering projections for the period of three years based on management’s budgets for NetPos and applying an inflation rate plus the estimated growth of GDP of services (fluctuating from 3.5% to 5% per year) to project future cash flows, with a discount based on the weighted average cost of capital (fluctuating from 16% to 16.5% per year).
This acquisition is in accordance with PagSeguro Group’s business strategies, ramping up investments on new technologies, products, and services for the Group’s digital ecosystem. The fair value of assets and liabilities acquired in 2023 was as follows:
  December 31, 2023
Fair value recognized on acquisition
Cash and cash equivalents4,567 
Accounts receivable 1,409 
Taxes recoverable 26 
Other assets 472 
Liabilities (2,415)
Other payables (Dividends)(4,311)
Deferred income tax and social contribution(8,408)
Intangible assets:
Softwares22,208 
Customer portfolio1,367 
Non-compete agreement 1,154 
Net identified assets acquired16,069 
Goodwill15,931 
Net assets acquired32,000 
Cash consideration32,000 
Dividends paid3,880 
Cash and cash equivalents acquired(4,567)
Amount paid on acquisition, net of cash acquired 31,313 
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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
11.Property and equipment
a)Property and equipment are composed as follows:
June 30, 2024
CostAccumulated depreciationNet
Data processing equipment 244,992 (99,446)145,546 
Machinery and equipment (i)4,070,025 (1,737,260)2,332,765 
Buildings Leasing (ii)156,127 (69,989)86,138 
Other52,666 (23,147)29,518 
Total4,523,810 (1,929,842)2,593,968 
December 31, 2023
CostAccumulated depreciationNet
Data processing equipment 244,452 (90,976)153,476 
Machinery and equipment (i)3,658,969 (1,482,900)2,176,069 
Buildings Leasing (ii)154,343 (60,812)93,531 
Other47,540 (19,605)27,935 
Total4,105,304 (1,654,293)2,451,011 

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PagSeguro Digital Ltd.
Notes to the unaudited condensed consolidated interim financial statements
As of June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023
(All amounts in thousands of reais unless otherwise stated)
11. Property and equipment (continued)
b)The changes in cost and accumulated depreciation were as follows:
Data processing equipmentMachinery and equipment (i)Buildings Leasing (ii)OtherTotal
On December 31, 2022
Cost214,279 3,382,067 102,145 33,692 3,732,183 
Accumulated depreciation (68,274)(1,115,120)(43,901)(11,389)(1,238,684)
Net book value146,005 2,266,947 58,244 22,303 2,493,499 
On December 31, 2023
Opening balance
Cost30,173 276,902 52,198 13,848 373,121 
Purchases30,242 902,688 55,975 18,628 1,007,533 
Disposals/Provisions (iii)(862)(625,786)(3,777)(4,822)(635,247)
Acquisition of subsidiary793 — — 42 835 
Depreciation (22,702)(367,780)(16,911)(8,216)(415,609)
Depreciation (23,200)(692,762)(18,525)(9,335)(743,822)
Disposals844 324,982 1,614 1,136 328,576 
Acquisition of subsidiary(346)— — (17)(363)
Net book value153,476 2,176,069 93,531