PagSeguro Digital Ltd-A 2025年年度报告和过渡报告

WASHINGTON, D.C. 20549 FORM20-F ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year endedDecember31, 2024 Commission File Number1-38353 PAGSEGURO DIGITAL LTD.(Exact name of registrant as specified in its charter) TheCayman Islands(Jurisdiction of incorporation or organization) Conyers Trust Company (Cayman) Limited,Cricket Square, Hutchins Drive, P.O. Box 2681,Grand Cayman, KY1-1111, Cayman Islands(Registered office address) Artur Gaulke Schunck+55-11-3914-9524–ir@pagbank.comAv. Brigadeiro Faria Lima, 1384, 1º ao 10º andares, Salão e MezaninoSão Paulo, SP,01451-001,Brazil(Name, telephone, e-mail and/or facsimilenumber and address of company contact person) Securities registered or to be registered pursuant to Section12(b) of the Act: As of December31, 2024 there were209,148,916ClassA common shares (including treasury shares), par value of US$0.000025per share, and120,459,508ClassB common shares, par value of US$0.000025per share, outstanding. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes☑No☐ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15 (d)ofthe Securities Exchange Act of 1934. Yes☐No☑ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or an emerging growthcompany. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule12b-2 of the Exchange Act: Large Accelerated Filer☑Accelerated Filer☐Non-accelerated Filer☐Emerging growth company☐ If an emerging growth company that prepares its financial statements in accordance with U.S.GAAP, indicate by check mark if the registrant haselected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant toSection13(a) of the Exchange Act.☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its AccountingStandards Codification after April5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S.GAAP☐International Financial Reporting Standardsas issued by the International Accounting Standards Board☑Other☐ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected tofollow. Item17☐Item18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☑ TABLE OF CONTENTS FORWARD-LOOKING STATEMENTSCERTAIN TERMS AND CONVENTIONSPRESENTATION OF FINANCIAL AND OTHER INFORMATIONPART IITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLEITEM 3. KEY INFORMATION3A. [Reserved]3C. Reasons for the offer and use of proceeds3B. Capitalization and Indebtedness3D. Risk FactorsITEM 4. INFORMATION ON THE COMPANY4A. History and Development of the Company4B. Business Overview4C. Organizational Structure4D. Property, Plant and EquipmentITEM 4A. UNRESOLVED STAFF COMMENTSITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS5A. Operating Results5B. Liquidity and Capital Resources5C. Research a