VLID3: quote, dividends and indicators for Valid

Valid Soluções S.A. is a Brazilian company whose origins date back to the 1950s, when it was founded as Thomas de La Rue, providing high-security paper and printing services. In 1993, it came under the control of American Banknote Corporation, adopting the name American Banknote Company Gráfica e Serviços Ltda. and expanding its activities into cards, identification systems and security printing in several states across the country. From that period on, the company began a trajectory of acquisitions and strategic alliances that consolidated its presence in the Brazilian secure solutions market. In 2006, it obtained a category A securities issuer registration with the CVM and joined B3’s Novo Mercado, with its common shares traded under the ticker VLID3. In 2010, after American Banknote Corporation left the controlling block, the company adopted the name Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A., later simplified to Valid Soluções S.A., in line with the expansion of its portfolio into digital technologies, certification and electronic identification services.

Throughout the 2000s and 2010s, Valid pursued a strategy of international expansion and business diversification. In the security printing and payment media segment, it incorporated companies such as Trust Administração e Participações, while abroad it acquired Transtex in Argentina, Microelectrónica Española in Spain and assets in the United States, Colombia, Mexico, Uruguay and other markets. In digital certification, it structured Valid Certificadora Digital, accredited with the ITI to issue ICP-Brasil certificates and SSL/TLS certificates with an international root. In telecommunications, the company advanced through the acquisition of Fundamenture in Denmark, which strengthened its presence in SIM cards and solutions for mobile operators in Asia, Africa and the Middle East. Over time, the company also carried out divestment moves, such as the sale of payment, identification and data assets in the United States, and the concentration of industrial operations in Sorocaba (SP), in line with a portfolio optimization agenda and a focus on assets considered core.

Valid’s business model, reflected in VLID3 shares traded on B3, is organized into three major operating segments: Identification, Payment Media and Mobile. The common axis across these verticals is the provision of security solutions for identifying people, objects and transactions, combining physical and digital technologies. In the Identification segment, the company supplies identity cards (RG/CIN), driver’s licenses, functional documents, biometric capture and validation systems, digital government platforms, certification and traceability services. In Payment Media, it produces chip and contactless bank cards, prepaid cards and gift cards, as well as security prints, invoices and RFID and traceability solutions for different sectors. In the Mobile unit, it operates in the production of SIM cards and eSIMs and in the development of telecommunications platforms, including OTA solutions, service orchestration, device management and connectivity management for traditional operators (MNOs) and virtual operators (MVNOs).

The Identification segment is strategically relevant in Brazil, where Valid has become a provider of solutions for state governments and federal public agencies. The company operates more than 80 document issuance sites in 13 states, including units in São Paulo, Rio de Janeiro, Minas Gerais, Bahia, Paraná and Rio Grande do Sul, and provides services ranging from in-person collection of biographical and biometric data to the personalization and delivery of physical and digital documents. The company has adapted its infrastructure to the requirements of the national ID Card (CIN) model, aligned with the CPF as a unique identifier, and supports states in issuing the new IDs in both physical and digital formats. In addition, it develops biometric validation projects in environments such as school networks and neonatal identification initiatives, as well as smart city solutions that integrate registries, mobility, health, education and public safety, partly driven by the acquisition of software companies such as Vsoft and Mitra, and by its entry into digital parking and urban management businesses.

On the digital government and electronic identity front, Valid has been directing investments to consolidate itself as an “Identity First Company”, a concept that places digital identity at the core of public and private service infrastructure. The company has structured an Integrated Digital Security Platform focused on onboarding flows (KYC and KYB), document validation, identity checks using facial biometrics, liveness detection and digital signatures with legal validity, including ICP-Brasil where applicable. These components are integrated into a modular architecture designed to reconcile security requirements, fraud prevention and user experience along digital journeys. In the certification field, Valid Certificadora acts as a certification authority, trust service provider, timestamping authority and biometric services provider, with a wide network of service points in Brazil and abroad. The acquisition of Flexdoc in 2023 added technologies for document validation and authenticity and for automating regulatory processes, strengthening its role in fraud analysis in regulated environments.

The Payment Media segment encompasses the manufacture of credit and debit cards, including contactless, benefit cards and other plastics used in payments, identification and loyalty programs, as well as checkbooks, vouchers and high-security tickets. Valid has industrial infrastructure certified by international schemes such as Visa, Mastercard and American Express and primarily serves large financial institutions in Brazil, Argentina and Uruguay, among other markets. The company also operates in electronic printing and customer communications management, supplying invoices, bank statements and payment slips to banks, insurers, telecommunications operators and power utilities, with growing dematerialization of these documents to digital channels. In the RFID and traceability area, Valid develops tags and data capture systems for logistics control, anti-counterfeiting and inventory management, and is one of the domestic companies that produce electronic tags under the Basic Productive Process, which favors local manufacturing of solutions for electrical and electronic goods and other sectors.

In the Mobile unit, Valid is among the main global suppliers of SIM cards, with annual production of hundreds of millions of units distributed to various countries. The company combines manufacturing capacity, with plants in Brazil, Spain and Argentina, and embedded chip software development, through R&D centers that create secure operating systems for SIM cards and eSIMs. The acquisition of the Danish telecommunications operation expanded its geographic reach to markets in Asia, Africa and the Middle East, diversifying its customer base among major mobile operators. In addition to producing secure elements, Valid implements subscription management platforms for eSIM, OTA solutions for remote updating of profiles and services, orchestration and device management platforms, and applications for top-up, mobile payments and communication between operators and end users. These offerings place the company within the value chain of mobile connectivity, the internet of things and digital services associated with connected devices.

From a geographic standpoint, Valid maintains a presence in more than 17 countries, with a higher concentration of revenue in Brazil and significant operations in markets such as Spain, Denmark, Argentina, Mexico, the United States, Mauritius, Singapore, China and Nigeria. The Brazilian operation is central to the Identification and Payment Media segments, while the production of SIM cards and telecommunications solutions is more global in nature, serving operators and integrators in multiple regions. This geographic diversification helps dilute risks specific to a single market and exposes the company to different stages of maturity in document digitalization, electronic payments and mobile connectivity. At the same time, Valid adapts to data protection regulations, information security requirements and technical standards for digital certification and payment media, which are key elements for maintaining contracts with public entities, banks and telecommunications operators that make up its customer base.