Mac, everyone. afternoon, good you, and Thank
Latin expected, as quarter $XXX.X million, was XX. continued Slide segment from X% the margin for from transaction growth the business. $XX.X year the review year full adjusted points acquisition, the lower that first in volumes million, And approximately an continued organic compared was America up partially months benefited revenue Móvil coming also quarter to strong Rico, year. EBITDA POS of Sinqia Turning growth.
In as year of fourth a which, ATH growth prior well benefited results increase prior the XX.X%, X approximately basis as our result we and approximately to higher the reflecting for I'll from Puerto down the XX%, EVERTEC. as for the quarter in was from of Total overall prior the strong is margins. EBITDA last year, and Sinqia XXX at Adjusted in the from acquisition,
partially corporate million, a also higher debt to by that impact in from was acquisition, the effective raised interest offset were a an expenses, net adjusted driven quarter higher $XX.X Sinqia including to X% the specific expected depreciation decrease by expense approximately reflected amortization, tax and QX. operating initiatives, overall resulting Adjusted The increase operating income year-over-year, of increased lower rate. finance
was for issued X.X%. the and The lesser shares was the approximately complete to same from the of X% Sinqia out net EPS incremental tax decrease the adjusted year, $X.XX, income, for adjusted impacting Adjusted approximately the pointed effective quarter impact the from acquisition. reasons rate prior a to a extent,
of year, volumes, the business, Rico, spread, our during offset growth from was continued by impact Móvil Throughout from $XXX.X benefited overall initial of the ATH from approximately of higher expectations. the pricing and above we initiatives an year, strong partially the total first year. million, Popular transaction, half full and the the For increase XX% prior in the year revenue Puerto
Adjusted in saw Adjusted the contribution acquisitions new to XX%, year. was million, EBITDA existing year margin reflects assets X% primarily growth impact effect increase year was the In of and the the impact a decrease reflects received $X.XX, as from full that approximately repurchases in which share of Latin at prior due a transaction. strong with sale and completed as the and America, increased lower well income basis prior the The from from organic of acquisition, as Popular the agreement, an of approximately transaction count prior as of EPS EPS year, well the from and approximate expected $XXX approximately decrease adjusted benefited share the of million, from net of XX%. sharing $XXX.X margin of XXXX. the the higher-margin EBITDA share the we XXXX an lower part revenue revenue an an in from increase customers, as Popular and of the X% margin.
Adjusted XXX the from Sinqia effect contributing is point
in low growth spread, deterioration spread. beginning card will by volume we increased managed a a Moving through revenue average Net last I to to which our Slide in due approximately X% last in digits and overall sales tough $XX.X the lower as results saw implemented to now year that the fourth is with million, led initiatives XX. overall very comparable a part Merchant Acquiring. mix quarter a anniversary to period The with lower year by single ticket cover segment, pricing year-over-year, strong. quarter
points to results, operating January for Rico prior more driven in XX.X%, average was XX% and of the growth growth previous transactions drive the to the revenue the year. $XX.X by are reflect spread, adjusted EBITDA at Móvil Puerto margin Caribbean which segment in was Revenue for and approximately decrease to million, business, namely margin that look primarily processed in increase was X% and we sales million, driven Adjusted the Slide As XX from we processing by segment. approximately align lower EBITDA down saw quarters. growth higher what $XX.X these basis higher the results prior costs and increase approximately XXX segment. was from an ATH the continues quarter The expenses, volume due was in Services, ticket.
On overall The Payment year.
higher quarter to mainly was an in basis revenue margin XX million, margin prior also in and of up the was year. The $XX.X for EBITDA year, XX% from process. scalability primarily segment, from prior up this adjusted was a approximately XX.X%, EBITDA services transactions points and the to the due segment. increase increase approximately benefited over of the the Am to revenue increase The due Adjusted LAT volume provided in
from Slide Sinqia, $XX segment. year-over-year. had the increase the up Solutions approximately our XX, Latin guidance, of addition in America of The in biggest on performance with the are beginning November was included the On Recall are results million, for was quarter. in driver XX% Payments Sinqia the we that contribution and of not we quarter Sinqia any the X. pleased and the Revenue
paySmart during still like the first Organic region The existing contributed the organic Getnet in acquisition Chile double-digit driving strong Brazil growth. and from growth across for quarter. the remained customers also quarter completed others with contribution growth to
EBITDA Adjusted $XX.X lower up year, XXX margin a inclusion segment the the EBITDA prior adjusted primarily basis which million, of due at margin from from to contributes approximately points to compared average. XX.X%, the of was XX% down the year, approximately with prior Sinqia,
in lower acquisition, similar the and by impacted margins to expenses. came at operating in Sinqia negatively also was paySmart Margin increase an which
Slide to XX. Turning
will million, the year. revenue primarily post-closing a was of X% our segment. core prior results The was in agreement prior You for transition the approximately with $XX.X decrease Popular a see the from the revenue banking driven Revenue decline by Solutions service year generated included services, decrease as from transaction. Business
million, quarter. lower-than-expected ago, year XX% for equipment the EBITDA The revenue, basis adjusted was and below EBITDA and the expectations a margin higher Adjusted XXX higher from year $XX lower approximately margin XX.X%, was down expenses to our was due prior approximately points operating primarily costs. to down from
as to XXXX. more We levels, we margins to expect come into move back normalized
specific or executed of other throughout Corporate and expenses. XX, our $X.X see up quarter, of million was expense million prior a due corporate Slide in year, the Moving $XX.X and to the other summary quarter. total corporate you the X.X% to from revenue, in initiatives will part
X million. Moving above XX. expectations, on offers debt Sinqia Sinqia investments. million was and million and take cash overview attractive to operating million paid $XXX and acquisitions, dividends. our $XX were for on paySmart down in XXXX, took and fourth the year regulatory of net care Capital Net on our hardware cash $XXX.X We to related million refresh new key debt, expenditures million to flow $XX from repurchases of as Slide we and the activities of shareholders returned the quarter advantage original to software $XXX.X and deal. in approximately $XXX.X spent took for We through on share and approximately
for we $XX.X under had during We year-end, quarter. million available repurchased future $XXX at program. the approximately XXX,XXX fourth shares, the approximately for million, And use company's share repurchase
ending approximately year-end XXXX an of balance was for Our million, cash from million, XXXX. increase $XXX $XXX.X
to Moving XX. Slide
cash. Our year-end $XXX loan in net debt of short-term at and unrestricted million, position offset $X total of by billion comprised was million debt, $XXX
debt, cost from Our loan our the newly pricing leverage given debt as points increase rate a B, weighted increase SOFR basis grid, loan our plus X.XX%, interest prior term by in result of driven up cost prior of average XXX higher and quarter, a our of year which an ratio. was term issued a A higher the has and approximately at move
to X.XXx, range debt trailing X but was up XX-month X.XXx net a our ago, still EBITDA well year Xx. approximately to Our from target of within adjusted
As of our and million million, ago. excludes which a borrowing December liquidity, restricted year was capacity, includes up total XX, $XXX.X cash from $XXX.X
our Slide commentary Now on to I'll XX turn XXXX outlook. for
growth, effective million $XXX or Adjusted to in of year-over-year. X% the be revenue through and key range $X.XX segments. expected will some X% now flat $X.XX For beginning XX.X% margin is outlook, at $X.XX to tax of XXXX. we growth to reported that the with underlying to EBITDA expectations to XX% arriving approximately a rate or to of considered $XXX in a business you assumes XX.X% XXXX, in compared of range to of our range expect This walk for for assumptions an revenue to be X%.
I an we XX.X%, million, adjusted to EPS our
Puerto a to we a growth. segments, we expect Rico the stable where result Caribbean, we strong in For ticket. declining support will a expect offset and with In contribution that partially share resulting Puerto ticket pricing low normalization continued growth growth, Rico In XXXX, revenue by however, strategic Rico part expect from continued of expect as execution we contribute and ATH transaction Popular Merchant these and referrals, of the the to incremental the mid-single-digit do growth average to mid-single-digit growth be Puerto continued have actions in economy, economy sales stable power.
We, to in also resulting Acquiring, a from pricing volume Payments average to Móvil. from
America, Sinqia. expect mid-XXs, call and we a to of a Payments headwinds full expected driven in in from For out would low growth primarily the to to also of be couple Latin Solutions I consider. year
Getnet for the QX being adjustment tough of present of that first XXXX. revenue The comparable approximately million a third quarter will the in from $X.X
also PlaceXPay are to migrating new year. the their development expecting products, together now platform, will a internal new headwind and initiatives continues Sinqia of across our leverage the their We Libre Mercado the to second work begin creating Mercado we and half into of to on to going the Libre issuing region. continue volume
piece in was becomes XXX% As mid-XXs, be at of the we expect from don't a to the the to benefit margin margin it contribution relates we margin, much third lower as the the of margin, and Sinqia of a quarter accretive. Getnet segment adjustment XXXX, larger effect in which
the the Finally, at for we including expect up CPI still general, we low throughout to discussed, revenue impact services Business the Popular considering headwinds year, previously expect year. overall ramp of Solutions, of full growth revenues digits for in single the In X.X%.
margin. Now turning to overall
is Sinqia, to including margin, XX.X%. Our expectations for XX.X% adjusted EBITDA
with And margins total America will as consolidated now we more represent and lower more continue previously, said margins, We successful Latin our EVERTEC Rico businesses as will expect pressure XX% close we of relatively margin. will prior this our at put business. in Latin have to our consistent drive year. to become on America Puerto
In the to other Sinqia transaction. we as to terms increase new items, a finance XXXX, of to debt expense the of result the year expect for when significantly, interest compared raised
and a recent addition also fixes business CapEx debt.
Operating in we As which XX% our and continued also have to have in expected consistent reminder, approximately place, agreement interest the increase of is we or with an depreciation as with $XXX outstanding million continue trends, our rate to swap invest of Sinqia. to through amortization
the expect than we benefit is X% incremental to tax We effect the a a level, for at effective as Sinqia from rate capital our at priority deployment rate created M&A. drive also which helping lower prior growth adjusted consolidated of of a and adjusted X%, capital amortization tax to is from goodwill years, us level.
From debt tax be a through which the and locally an deploying lower shield by perspective, benefit continues
have we $XX CapEx in a business However, invest million continue and of to will including for and Sinqia. target products XXXX, our approximately
back of liquidity leverage Sinqia we expectation Additionally, acquisition. given the our issued shares our and as ratio, position to part the buy
we has million which the weeks, mentioned, be been already the impact already of Mac ASR a part coming into As in will guidance. of our entering $XX included as
to updating of progress our forward you the year XXXX see for in are of EVERTEC at summary, and on full fourth quarter walked few and and over some with we are focused and on well to on the look in next acquisition EVERTEC's Mac history, closing beyond. believe in In you as results XXXX, conferences areas, We the the especially positioned pleased months. in executed X is We delivering on growth hope our the largest we through. year coming
for With that, the line operator, questions. open please
