Business
Itaúsa closes 2025 with record recurring net income of R$16.5 billion, up 11%
Itaúsa (B3: ITSA4), Brazil's largest publicly-held investment holding company, closed 2025 with record recurring net income of R$16.5 billion, a 11% increase on a year-over-year basis, and Recurring ROE of 18.4%, evidencing the consistent performance of investees and capital allocation discipline, even amid a macroeconomic scenario marked by high interest rates.
About this update from Itau Unibanco Holding S.a.
[{"type":"text","content":"Consistent portfolio performance, advancements in liability management and attractive return to shareholders have marked the year","length":129,"tagName":"p"},{"type":"text","content":"SÃO PAULO, March 17, 2026 /PRNewswire/ -- Itaúsa (B3: ITSA4), Brazil's largest publicly-held investment holding company, closed 2025 with record recurring net income of R$16.5 billion, a 11% increase on a year-over-year basis, and Recurring ROE of 18.4%, evidencing the consistent performance of investees and capital allocation discipline, even amid a macroeconomic scenario marked by high interest rates.","length":410,"tagName":"p"},{"type":"text","content":"In the fourth quarter, recurring net income totaled R$ 4.4 billion, up 21% year-over-year, mainly driven by Itaú Unibanco's performance and the significant evolution in non-financial investees.","length":197,"tagName":"p"},{"type":"text","content":"In 2025, Itaúsa combined increase in results, advancements in liability and liquidity management and the distribution of R$11.9 billion in earnings, reaching a payout of 76% and one of the highest dividend yields in the Brazilian stock exchange. As a result, total shareholder return (TSR) was 59% in the period, outperforming top market indicators.","length":349,"tagName":"p"},{"type":"text","content":"According to Alfredo Setubal, Itaúsa's CEO and Investor Relations Officer, these results strengthen the company's long-term strategy.","length":141,"tagName":"p"},{"type":"text","content":""In the year in which we celebrated five decades' worth of history, we reported record results, consistently advanced in our role of a portfolio manager and delivered attractive return to shareholders. The combination of efficient capital allocation, financial discipline, strong governance and strategic monitoring of investees continues to be key to create sustainable value", states the executive.","length":414,"tagName":"p"},{"type":"text","content":"InvesteesInvestee's recurring result totaled R$17.6 billion in 2025, up 12% on a year-over-year basis, with positive contribution from both the financial (+10%) and non-financial sectors (+42%).","length":199,"tagName":"p"},{"type":"text","content":"Itaú Unibanco, the main asset of the portfolio, recorded growth across all segments of the loan portfolio in Brazil, with healthy non-perfor...