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São Paulo, February 5th, 2026
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2 19.3% 20.3% 21.0% 22.2% 23.4% 44.0% 41.2% 39.9% 39.5% 38.8% 17.5 20.6 23.3 24.8 28.3 9.3 10.2 12.3 16.6 18.5 26.9 30.8 35.6 41.4 46.8 2021 2022 2023 2024 2025 Structural evolution ROE Efficiency R$ billion (1) Figures before taxes. Includes shares repurchase of R$3 billion, related to 2024 results distribution. 2x +Value Creation 2021→ 2025 Managerial recurring results Value creation Cost of capital Results distribution¹ 2021→ 2025 >>> Accumulated payout¹ 57 .9%R$105.0 billion 40% credit portfolio growth | 2021→ 2025 Customer centricity Cultural and digital transformation Risk management culture Capital allocation discipline and focus on value creation Technological platform and data architecture modernization Cost and efficiency strategic management
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3 15 Acquiring transaction¹ volume in2025 Itaú in 2025 1700+ Iniciativas em produção com uso de GenAI INVESTORS million clients migrated to the Super App Individuals Open platform R$422 bn +15% YoY 3x top line expansion in the retail brokerage business since 2022 Satisfaction 12 new releases with a 4-5x faster speed: Pix in WhatsApp ‘Piggy bank’ (Cofrinhos) Credit limits management Investment as collateral for credit cards with 80 NPS points of satisfaction R$1 trillion QUALITY 2,606% increase in tech deployments 45% reduction in transactional unit cost EMPLOYEES R$4.1trillion Asset under Management and Administration³ Technology in fixed income volume and distribution ranking² Investment banking leadership DCM highlights R$124 billion >> 26% market share in volume origination 1st place Creation of the infrastructure and energy segment, with dedicated teams Leadership in Eco Invest Brazil Highest fundraising among banks, enabling R$12 billion in investments Leadership in BNDES4 loans, FX, Derivatives, and supplier finance For the 2nd consecutive year, leadership in II Extel Brasil and winner in II Extel Latam (1) In credit and debit cards. (2) Source Anbima, 11M2025 YTD.(3) Assets under management and administration, including fiduciary administration and custody. (4) BNDES: Brazilian National Development Bank. Note: Technology performance, comparison between 2018 x 2025. • Market leader in Credit, Acquiring and Payments and Collection • Itaú Emps launch Companies Retail Wholesale WMS 3 CLIENTS eNPS in excellence zone 83 points Consolidated NPS at all- time high Record in medium and high-income segments SPEED SCALABILITY 99% reduction on high-impact incidents Extel: 1st place in all categories of the executive team ranking for the 2nd consecutive year Leadership in the new private sector payroll loans Further digitalization of client base driving footprint optimization Insurance: 130% increase in recurring results from 2021 to 2025
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4(1) Considering the Common Equity Tier I (CET I) at 11.5%, in 4Q25 the consolidated recurring managerial return would have been 25.4% in the Consolidated and 27.3% in Brazil. 24.4% Credit Portfolio Recurring Managerial Result R$12.3 billion 3.7% vs. 3Q25 Dec-25 Recurring Managerial ROE¹ Efficiency Ratio 4Q25 4Q25 26.0%Brazil Consolidated 1.1 p.p. vs 3Q25 1.8 p.p. vs 3Q25 4Q25 13.2% vs. 4Q24 2.3 p.p. vs 4Q24 2.6 p.p. vs 4Q24 Financial Margin with Clients 4Q25 1.5% vs 3Q25 8.6% vs 4Q24 Highlights R$30.9 billion 38.9% 36.9%Brazil Consolidated 0.6 p.p. vs 3Q25 0.8 p.p. vs 3Q25 1.8 p.p. vs 4Q24 1.5 p.p. vs 4Q24 R$1,490.8 billion Ex-fx variation Consolidated 6.3% vs Sep-25 4.5% vs Sep-25 6.0% vs Dec-24 7.3% vs Dec-24 Commissions and Insurance 5.9% vs 3Q25 9.1% vs 4Q24 R$15.6 billion 4Q25
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5Note: in the first quarter of 2025, the agribusiness portfolio was reclassified according to the size of the companies and the following products were included: FiDC, exposures to financial institutions and the operations of our agribusiness trading company. For comparability purpose, the historical data was adjusted. (1) Includes private securities and financial guarantees provided. (2) Origination in 2025. Private sector Dec-25 x Sep-25 Transactor 4.3% Credit portfolio 10.0% Very Small, Small and Middle mkt companies Government facilities Dec-25 x Sep-25 Dec-25 x Dec-24 7.7% Dec-25 x Sep-25 27.5% Payroll loans 64.5% Dec-25 x Dec-24 Credit cards Average balance R$33 billion Origination in 2025 + 9% YoY Largest private bank in Mortgage 50% market share Among private banks² Dec-25 x Dec-24 35.9% Financed 1.6% 9.7% 6.4% SMEs Small companies Dec-25 x Sep-25 19.2% Dec-25 x Dec-24 12.0%Middle mkt companies 1.3% in R$ billion Dec-25 Sep-25 D Dec-24 D Individuals 474.3 456.4 3.9% 444.8 6.6% Credit card loans 153.5 142.2 8.0% 142.2 8.0% Personal loans 67.4 68.4 -1.4% 65.9 2.2% Payroll loans 75.3 72.4 4.0% 74.4 1.2% Auto loans 36.3 36.3 -0.1% 36.5 -0.6% Mortgage 141.7 137.1 3.4% 125.7 12.8% Very small, small and middle market loans 303.1 278.4 8.8% 278.8 8.7% Corporate loans 455.9 437.7 4.1% 433.2 5.2% Total Brazil 1,233.2 1,172.5 5.2% 1,156.8 6.6% Latin America 257.6 229.5 12.2% 249.6 3.2% Total¹ 1,490.8 1,402.0 6.3% 1,406.4 6.0% Total (ex-fx variation) 1,490.8 1,426.7 4.5% 1,388.8 7.3% Very small, small and middle market loans 303.1 280.0 8.2% 272.9 11.0% Corporate loans 455.9 440.1 3.6% 424.9 7.3% Latin America 257.6 250.1 3.0% 246.3 4.6%
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6 Annualized average margin Brazil Annualized average margin consolidated Financial margin with clients ¹ 2 ¹ 3 R$0.5 bn (+1.5%) R$13.1 bn (+12.1%) 2025 x 2024 in R$ billion Margin with clients Risk-adjusted margin with clients (1) Includes capital allocated to the business areas (except treasury), in addition to working capital of the corporation; (2) Change in the composition of assets with credit risk between periods in Brazil; (3) Latin America and structured wholesale operations and acquiring financial margin. 30.5 26.6 27 .0 30.9 -3.9 -0.3 -0. 1 -0.04 0.5 0.3 4.0 3Q25 Working capital and others 3Q25 Spread-sensitive operations 3Q25 Average Volume Product Mix Spreads and liabilities' margin Calendar and working days Latin America and others Spread-sensitive operations 4Q25 Working capital and others 4Q25 4Q25 9.3% 9.8% 10.0% 9.8% 9.7% 6.3% 6.6% 6.9% 6.7% 6.6% 4Q24 1Q25 2Q25 3Q25 4Q25 8.6% 9.0% 9.2% 9.0% 8.9% 5.9% 6. 1% 6.3% 6.2% 6. 1% 4Q24 1Q25 2Q25 3Q25 4Q25
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7 ‘‘ Financial margin with the market 0.5 1.0 5.4 4.8 -1.4 -2.5 4.4 3.3 2024 2025 0.1 0.2 0.2 0.3 0.2 1.3 1.2 1.3 1.3 1.1 0.9 0.9 0.9 0.9 0.6 -0.5 -0.5 -0.6 -0.7 -0.7 4Q24 1Q25 2Q25 3Q25 4Q25 Brazil Latin America Capital index hedge in R$ billion
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8 ‘ Commissions, fees and result from insurance Assets under Management 2025 x 2024 49.0%R$ 156 billion 26% market share DCM5 leadership in 2025 R$124 bn Originated volume Acquiring – Transaction volume 4Q25 x 3Q25 4Q25 x 4Q24 22.8%16.8%R$301 billion Net inflow in 2025 R$4.1 trillion Assets under management and administration4 17.4% in R$ billion (1) As of the first quarter of 2025, revenues from acquiring services, in addition to revenues from current account services for companies and PIX (instant payment system), were consolidated in the payments and collections line (previously collection services). For comparison purposes, past figures were reclassified. (2) Includes fund management fees and “ consórcio” management fees; (3) Result from insurance includes the revenues from insurance, pension plan and premium bonds operations net of retained claims and selling expenses; (4) Assets under management and administration includes fiduciary management and custody. (5) Source: Anbima, eleven-month 2025 origination. (6) Insurance activities include bancassurance products related to life, property, credit life and third-party policies. 4Q25 3Q25 D 4Q24 D 2025 2024 D Card issuance 3.5 3.3 4.7% 3.3 5.1% 13.4 12.7 5.1% Current account for individuals 0.7 0.7 -2.9% 0.9 -19.7% 3.0 3.6 -16.8% Credit operations and guarantees issued 0.6 0.6 -0.2% 0.8 -17.5% 2.5 2.8 -11.2% Payments and collections¹ 2.6 2.5 5.3% 2.4 8.5% 9.9 9.3 6.7% Asset management² 2.1 1.9 14.2% 1.8 17.6% 7.6 6.7 14.2% Advisory services and brokerage 1.4 1.2 17.1% 1.1 27.7% 4.6 4.9 -4.8% Other Brazil 0.5 0.5 -1.5% 0.4 18.4% 1.8 1.5 19.4% Latin America 1.1 1.0 6.7% 1.0 8.4% 4.1 3.6 11.6% Commissions and fees 12.6 11.8 6.9% 11.7 7.4% 46.9 45.1 3.9% Insurance, pension plans and premium bonds³ 3.0 3.0 1.9% 2.6 16.7% 11.4 9.8 17.0% Commissions and insurance 15.6 14.7 5.9% 14.3 9.1% 58.3 54.9 6.3% Insurance6 2025 x 2024 13.1%Earned premiums 20.4%Recurring results
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9 2.0% 1.9% 1.9% 1.9% 1.9% 2. 1% 2.0% 2.0% 2.0% 2.0% 1.3% 1.4% 1.4% 1.3% 1.2% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 1.6% 1.8% 1.7% 2.0% 1.6% 1.5% 1.7% 1.6% 1.9% 1.5% 2.3% 2.2% 2.3% 2.2% 2. 1% 1.7% 1.6% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 3.8% 3.6% 3.6% 3.6% 3.6% 1.7% 1.6% 1.6% 1.7% 1.8% 0. 13% 0. 10% 0.08% 0. 11% 0.08% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 15 - 90 days NPL - % Consolidated +0.9 p.p. Credit quality 90 days NPL- % Brazil Consolidated Brazil (1) No quarto trimestre de 2025, realizamos vendas de créditos com baixa probabilidade de recuperação para empresas não ligad as e sem retenção de riscos, que estariam ativos ao final de dezembro/25 e em atraso acima de 90 dias no valor de R$ 3,3 bilhões do segmento de grandes empresas. 2.8% 3. 1% 3.0% 3.0% 2.7% 1.2% 1.2% 1.2% 1.3% 1.3% 0.02% 0.09% 0.05% 1.0% 0.03%0. 1% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Impact of sale of assets¹ ex- impact of specific corporate client ex- impact of specific corporate client +0.3 p.p. Impact of sale of assets¹ +0.2 p.p. Brazil Total Latin America Individuals Very small, small and middle market companies Corporate (1) In the fourth quarter of 2025, we sold loans with low probability of recovery to unrelated companies and without risk retention, which woul d be active at the end of December-25 and overdue over 90 days worth R$3.3 billion of the corporate portfolio.
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10 55.0% 56. 1% 55.8% 55.9% 54.7% 59.8% 61.4% 59.2% 59.6% 59.7% 42.4% 43. 1% 43.4% 40.2% 39.4% 55.3% 55.9% 57 . 1% 57 .8% 55.4% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 22.9% 23.7% 24. 1% 23.9% 23.3% 24.5% 26. 1% 26.5% 26.5% 26.3% 16.9% 16.6% 16.7% 14.5% 14.4% 23.9% 22.9% 23.6% 24.2% 22.5% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Stage 2 portfolio (1) No quarto trimestre de 2024, realizamos vendas de créditos com baixa probabilidade de recuperação para empresas não ligadas e sem retenção de riscos, que estariam ativos ao final de dezembro/24 no valor de R$ 70 milhões do segmento de grandes empresas. +0,02 p.p. Credit quality – Resolution 4,966 ratios Stage 3 portfolio Stage 3 coverageStage 2 coverage 4. 1% 4.3% 4.2% 4. 1% 4.0% 7 .7% 8.0% 7 .8% 7 .6% 7 .4% 4.6% 4.6% 4.6% 4.4% 4. 1% 1.7% 1.8% 1.8% 1.9% 1.9% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 4.4% 4.4% 4.3% 4.2% 3.9% 6.0% 5.8% 5.9% 5.8% 5.8% 4.2% 4.3% 4.2% 4.0% 3.8%3.5% 3.5% 3.3% 3.3% 2.7% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Individuals Total Latin America Companies
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11 40.1 38.8 38.4 35.1 23.7 22.6 22.0 18.3 Mar-25 Jun-25 Sep-25 Dec-25 34.5 36.6 2024 2025 Annualized cost of credit / Loan portfolio² - (%) Cost of credit¹ (in R$ billion) Renegotiated portfolio (Credit and securities) (in R$ billion) Quality and cost of credit Renegotiated portfolio/ Total portfolio³ - (%) 2.5% 2.6% 2.6% 2.6% 2.6% 2.7% 2.6% 3.2% 3. 1% 3.0% 2.6% Renegotiated Restructured (1) Expected loss expenses + recovery of loans + discounts granted. (2) cost of credit over the average portfolio, that inclu des FIDC, exposures to financial institutions and the operations by our agribusiness trading company. (3) Loan portfolio balance ex- financial guarantees provided. 8.6 9.0 9. 1 9. 1 9.4 4Q24 1Q25 2Q25 3Q25 4Q25
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12 ‘‘ BrazilConsolidated Efficiency ratio Non-interest expenses 12 Employees # total in Brazil Branches¹# in thousand (1) Brick and mortar and cliente service branches In R$ billion Latin America BrazilBrazil (ex-Technology) Technology - Brazil 45.5% 47 . 1% 44.0% 41.2% 39.9% 39.5% 38.8% 43.9% 45.0% 42.0% 39. 1% 37 .9% 37 .7% 36.9% 2019 2020 2021 2022 2023 2024 2025 Consolidated International units Scalable Reference100 100 98 94 98 2024 2025 2026 (E) Consolidated Brazil Efficiency ratio by type of business (base 100)Efficiency ratio (%) ‘‘ 4Q25 3Q25 D 4Q24 D 2025 2024 D Commercial and administrative (personnel) (6.4) (6.3) 1.5% (6.2) 3.6% (24.7) (23.6) 4.6% Transactional (personnel, operations and services) (4.5) (4.5) 1.4% (4.2) 7.6% (17.4) (16.2) 7.5% Technology (personnel and infrastructure) (3.0) (3.1) -2.9% (2.7) 12.5% (11.7) (9.9) 18.2% Other (1.0) (1.0) 0.4% (1.2) -13.9% (3.9) (3.9) -1.2% Total - Brazil (15.0) (14.9) 0.5% (14.3) 5.1% (57.7) (53.6) 7.6% Latin America (2.3) (2.2) 4.7% (2.4) -4.2% (9.1) (8.5) 7.0% Non-interest expenses (17.3) (17.2) 1.0% (16.7) 3.7% (66.8) (62.1) 7.5%
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13 Dec-24 Tier I capital proforma Net income Dec-25 Tier I capital + 3.3% AT1 + 0.2% 1.5% 12.3% . Capital Risk weighted assets1 - 0.8% 13.8% Common Equity Tier I (CET I) Additional Tier I (AT1) Dividends and interest on own capital - 2.5% Interest on own capital and dividends distribution - fiscal year 2025 72.0% Payout² (1) Includes Prudential and equity adjustments. (2) In 2025, net distribution amounted to R$31,7 billion, resulting in a net payout of 67.6%. 12.3% 1.3% 13.6% Before taxes, in R$ billion Interest on own capital - paid and provisioned 9.7 Additional dividends and interest on own capital 24.0 Total 33.7
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14 Total credit portfolio¹ Financial margin with clients Financial margin with the market Cost of credit² Commissions and fees and results from insurance operations³ Non-interest expenses Effective tax rate 6.0% 12. 1% R$3.3 billion R$36.6 billion 6.3% 7 .5% 29.7% Actual 28.5% 30.5% 5.5% 8.5% 4.5% 8.5% 11.0% 14.0% 4.0% 7.0% R$3.0 bn R$3.5 bn R$34.5 bn R$38.5 bn Guidance (1) Includes financial guarantees provided and private securities; (2) Composed of expected loss expenses, discounts granted and recovery of loans written off as losses; (3) Commissions and fees (+) income from insurance, pension plan and premium bonds operations (-) expenses for claims (-) insurance, pension plan and premium bonds selling expenses. 2025 Guidance
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15 2026 Perspectives
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16 ‘‘ Income statement base for 2026 guidance (1) The consolidation of Avenue’s results will occur in 1Q26, as a consequence of the acquisition of control occurred in January-26. (2) Insurance results represents the income from insurance, pension plan and premium bonds operations (-) expenses for claims (-) insurance, pension plan and premium bonds selling expenses. (3) Main reclas sifications represent approximately 90% of total reclassifications. Changes in managerial classifications and the consolidation of Avenue’s¹ results. 2 Main reclassifications³: • Expenses related to card network fee: From Non-interest Expenses to Commissions • Net margin from receivables discounting and cost of funding of automatic receivables discounting of the acquiring business: From Financial Margin with Clients to Commissions • Discount on loans in arrears up to 90 days overdue: From Financial Margin with Clients to Cost of Credit In R $ billio n 2025 as reported Reclassifications Avenue 2025 Adjusted Financial Margin with Clients 121.1 2.8 0.1 124.1 Financial margin with the market 3.3 - - 3.3 Cost of credit (36.6) (1.5) - (38.1) Commissions and Insurance Results 58.3 (2.8) 0.3 55.8 Non-interest expenses (66.8) 1.7 (0.5) (65.6) Tax expenses and other (10.8) (0.1) (0.0) (10.9) Income before tax and minority interests 68.6 0.1 (0.0) 68.6 Income before tax and minority interests (20.4) (0.1) 0.0 (20.5) Minority interests in subsidiaries (1.3) - 0.0 (1.3) Recurring managerial result 46.8 - - 46.8 Base for Guidance 2026 spreadsheet – Click here
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17 Corporativo | Interno 2025 2.3% 15.00% 4.3% 5.4% 1.9% 12.75% 4.0% 5.7% 2026e GDP – Brazil1 SELIC (end of year) Unemployment2 Inflation (IPCA) BRL/Dollar³ 5.47 5.50 17 Macroeconomic outlook (1) Estimated GDP 2025; (2) measured by PNAD Contínua (IBGE), end of year, seasonally adjusted; (3) end of year.
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18 2026 Guidance T otal credit portfolio¹ Credit portfolio - Brazil Financial margin with clients Cost of credit² Financial margin with the market Commissions and fees and results from insurance operations³ Non-interest expenses Effective tax rate 2026 Guidance 2026 Guidance uses the Adjusted Income Statement (income statement base for guidance) as the starting point Growth between 5.5% and 9.5% Growth between 6.5% and 10.5% Between 29.5% and 32.5% Growth between 1.5% and 5.5% Growth between 5.0% and 9.0% Between R$38.5 bn and R$43.5 bn Between R$2.5 bn and R$5.5 bn Growth between 5.0% and 9.0% (1) Includes financial guarantees provided and private securities; (2) Composed of expected loss expenses, discounts granted and recovery of loans written off as losses; (3) Commissions and fees (+) income from insurance, pension plan and premium bonds operations ( -) expenses for claims (-) insurance, pension plan and premium bonds selling expenses.
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São Paulo, February 5th, 2026
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20 Additional information
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21 Resultados (1) Revenues from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claim s and Selling Expenses. In R $ millio n 4Q25 3Q25 4Q24 2025 2024 Operating Revenues 47,560 46,567 2.1% 44,098 7.9% 184,393 168,956 9.1% Managerial Financial Margin 31,527 31,382 0.5% 29,388 7.3% 124,408 112,445 10.6% Financial Margin with Clients 30,930 30,479 1.5% 28,484 8.6% 121,128 108,024 12.1% Financial Margin with the Market 597 902 -33.9% 904 -34.0% 3,280 4,421 -25.8% Commissions and Fees 12,560 11,755 6.9% 11,697 7.4% 46,891 45,110 3.9% Revenues from Insurance 1 3,473 3,430 1.2% 3,013 15.3% 13,093 11,401 14.8% Cost of Credit (9,397) (9,145) 2.8% (8,643) 8.7% (36,611) (34,493) 6.1% Expected Loss Expenses (10,031) (9,780) 2.6% (9,562) 4.9% (38,969) (37,212) 4.7% Discounts Granted (882) (714) 23.6% (615) 43.4% (3,018) (2,449) 23.2% Recovery of Loans Written Off as Losses 1,516 1,348 12.4% 1,534 -1.2% 5,376 5,167 4.0% Retained Claims (435) (449) -3.2% (400) 8.5% (1,658) (1,615) 2.6% Other Operating Expenses (19,948) (19,858) 0.5% (19,368) 3.0% (77,555) (72,340) 7.2% Non-interest Expenses (17,324) (17,150) 1.0% (16,707) 3.7% (66,762) (62,108) 7.5% Tax Expenses for ISS, PIS, Cofins and Other Taxes (2,619) (2,703) -3.1% (2,647) -1.1% (10,771) (10,203) 5.6% Insurance Selling Expenses (5) (5) 0.5% (14) -65.1% (22) (30) -27.2% Income before Tax and Minority Interests 17,781 17,116 3.9% 15,687 13.3% 68,569 60,507 13.3% Income Tax and Social Contribution (5,046) (4,940) 2.2% (4,475) 12.8% (20,396) (17,863) 14.2% Minority Interests in Subsidiaries (417) (300) 39.2% (328) 27.3% (1,343) (1,241) 8.2% Recurring Managerial Result 12,317 11,876 3.7% 10,884 13.2% 46,830 41,403 13.1% D' D' D'
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22 Business model In R$ billion (1) Revenues from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims and Selling Expenses. (2) Include Tax Expenses (ISS, PIS, COFINS and other), Insurance Selling Expenses and Minority Interests in Subsidiaries. Total Credit Trading Insurance & services Excess capital Total Credit Trading Insurance & services Excess capital Total Credit Trading Insurance & services Excess capital Operating revenues 184.4 101.6 3.6 76.6 2.7 169.0 93.2 3.4 70.5 1.9 15.4 8.4 0.2 6.1 0.7 Managerial financial margin 124.4 84.4 3.5 33.8 2.7 112.4 76.2 3.4 30.9 1.9 12.0 8.2 0.2 2.9 0.7 Commissions and fees 46.9 17.2 - 29.7 - 45.1 16.9 - 28.2 - 1.8 0.2 - 1.5 - Revenues from insurance ¹ 13.1 - - 13.1 - 11.4 - - 11.4 - 1.7 - - 1.7 - Cost of credit (36.6) (36.6) - - - (34.5) (34.5) - - - (2.1) (2.1) - - - Retained claims (1.7) - - (1.7) - (1.6) - - (1.6) - (0.0) - - (0.0) - Non-interest expenses and other² (78.9) (41.4) (1.0) (36.4) (0.1) (73.6) (38.2) (1.0) (34.2) (0.1) (5.3) (3.2) 0.0 (2.2) 0.0 Recurring managerial result 46.8 17.3 1.6 25.7 2.2 41.4 13.8 1.4 24.5 1.6 5.4 3.5 0.2 1.2 0.6 Average regulatory capital 200.2 121.3 6.0 50.9 22.1 186.9 109.0 4.7 49.2 24.1 13.3 12.3 1.2 1.7 (2.0) Value creation 18.5 0.7 0.8 18.0 (0.9) 16.6 (0.3) 0.8 17.6 (1.6) 1.9 0.9 (0.0) 0.4 0.7 Recurring managerial ROE 23.4% 14.3% 27.1% 50.6% 9.9% 22.2% 12.7% 30.5% 49.9% 6.7% 1.3 p.p. 1.6 p.p. -3.3 p.p. 0.6 p.p. 3.3 p.p. 2025 2024 D (2025 x 2024)
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São Paulo, February 5th, 2026