Canadian fintech company Nuvei Corporation (TSX:NVEI) has reported its financial results for the three months and year ended December 31, 2023.

In the final three months of 2023, total volume increased by 53% from a year earlier to $61.8 billion.

Revenue increased 46% from the year-ago period to $321.5 million. Revenue growth at constant currency was 44%. Organic revenue growth at constant currency was 7%.

Net income increased by 51% to $14.1 million from net income of $9.4 million registered in the year-ago quarter.

Net income margin increased to 4.4% from 4.2% and increased sequentially from a net loss margin of 5.9% in the three months ended September 30, 2023.

Adjusted EBITDA increased by 40% to $120.1 million from $85.7 million.

Net income per diluted share increased by 39% to $0.08 from $0.06.

Adjusted net income per diluted share was unchanged at $0.47; and, Adjusted EBITDA less capital expenditures increased by 48% to $105.2 million from $71.2 million.

Nuvei announces that its Board of Directors has authorized and declared a cash dividend of $0.10 per subordinate voting share and multiple voting share, payable on April 4, 2024 to shareholders of record as of March 19, 2024. The aggregate amount of the dividend is expected to be approximately $14 million, to be funded from the company’s existing cash on hand.