Slide 1: Institutional Presentation 1Q25
Institutional Presentation | 1Q25 1 1Q 20 25 Institutional Presentation May 2025 Inter by design
Slide 2: Forward-looking statements disclaimer
Institutional Presentation | 1Q25 2 This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs, they involve known and unknown ris
Slide 3: 1Q25 highlights
Institutional Presentation | 1Q25 3 11 49 91 151 183 206 243 275 287 - 5 0 1 0 1 50 2 0 2 50 3 0 3 50 4 0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 Note: Definitions are in the Glossary section of this Earnings Presentation. Net Income Excl.Minority In
Slide 4: Agenda
Institutional Presentation | 1Q25 4 1.Company Overview 2. Business Update 3. Financial Performance Agenda
Slide 5: Inter's journey
Institutional Presentation | 1Q25 5 Inter’s journey 1994 Intermedium Financeira foundation 2007 Beginning of Real Estate loans operations 2008 Granting of multiple bank License 2012 Inter Seguros Foundation 2013 Inter DTVM Foundation 2015 Digital Account Launch 2016 Beginning of foreign exchange ope
Slide 6: The Brazilian banking industry background until 2015
Institutional Presentation | 1Q25 6Note 1: . Data from Banco Central do Brasil of Conglemerado Financeiro, of Biggest Banks by Householdes Loans in December 2016. The Brazilian banking industry background until 2015 +82% Market Share of Retail Loans Top 5 banks1
Slide 7: The banking digital revolution begun in 2016
Institutional Presentation | 1Q25 7 The banking digital revolution begun in 2016 Raised in Fintech Ecosystem Since 2016 USD~20bn Launched in 2016 By the Brazilian Central Bank BC+ Agenda Inter was one of the main protagonists of this revolution, but with a unique approach
Slide 8: Since then, unsecured credit grew ~3.1x
Institutional Presentation | 1Q25 8 Since then, unsecured credit grew ~3.1x Note 1: Data from Banco Central do Brasil, considering Households Credit Cards, Personal Credit, Personal Credit – Renegotiation and Overdraft. Note 2: Average Non-Payroll Personal Credit Rate. Data from Banco Central do Bra
Slide 9: This is Inter by design
Institutional Presentation | 1Q25 9 This is Inter by design At Inter, we built a sustainable and integrated ecosystem 100% digital business model = BNPLFGTS Private Payroll Home Equity Mortgages SMBs Sustainable Credit Options Retail Funding Franchise 20 million depositors R$ 2k per active client +
Slide 10: We are seizing the opportunity in a changing market
Institutional Presentation | 1Q25 10 1,263 bn Total Market1 204 bn Total Market1 79 bn Total Market1 41 bn Total Market1 26 bn Total Market1 We are seizing the opportunity in a changing market We’re ready and well positioned to the new trend FGTSPrivate Payroll Home Equity Mortgages SMBs Digital Rec
Slide 11: Inter is uniquely positioned to thrive in a sustainable win-win model
Inter is uniquely positioned to thrive in a sustainable win-win model Clients Shareholders Industry Regulators 11
Slide 12: The network effect generates recurrence and daily engagement
Institutional Presentation | 1Q25 12 The network effect generates recurrence and daily engagement ~18mm logins per day vs. 15 mm in 20241 ~10k daily interactions at Forum2 185 AI models at scale vs. 80 in 20243 33pb data lake vs. 25 pb in 20244 Note 1: The login volume used in this calculation was b
Slide 13: Strength of our ecosystem validated by accelerating product adoption
Institutional Presentation | 1Q25 13 Strength of our ecosystem validated by accelerating product adoption Note 1: Existing products before 1Q19, however the actual number of active clients starts only from 1Q20 in order to fit the graph. Note 2: Excluding clients that has only “CDB Meu Porquinho” li
Slide 14: We are keeping our journey on record market share across products
Institutional Presentation | 1Q25 14 Banking / Transactional Platform Products 1 Year Ago + 43 bp s + 87 bp s + 13 8 b p s + 70 bp s + 85 bp s + 55 bp s + 24 bp s + 18 bp s + 1 b p s + 41 bp s 7. 7% 7. 6% 6. 4% 3. 6% 3. 1% 1. 9% 1. 0% 2. 2% 0. 64 % 0. 07 % 8.2%8.4% 7.8% 4.3% 3.9% 2.4% 1.2% 2.4% 0.65
Slide 15: We still have significant growth potential
Institutional Presentation | 1Q25 15 Total Individuals with Banking Accounts1 201 mm Total PIX Transactions3 15.6 bn Total Cards Volume6 1,036 bn Total Business9 23.0 mm Total Payroll Portfolio12 691 bn Total CC Portfolio15 657 bn Total FGTS Portfolio18 ~79 bn Total HE PF Portfolio21 26 bn Market Sh
Slide 16: The plan, our 5-year north star
Institutional Presentation | 1Q25 16 The plan, our 5-year north start Note: Definitions are in the Glossary section of this Earnings Presentation. ~60 ~30 ~30 Million clients From 12.6MM in Dec. 2022 Efficiency Ratio From 72% in Dec. 2022 ROE From 1% in Dec. 2022 From 2022 to 2027 =Revenue Growth Co
Slide 17: The execution of the plan so far
Institutional Presentation | 1Q25 17 38MM 48.8% 12.9% Where we started Where we achieved so far Our 5-year north star Total Clients 23MM 75% -2% ~60MM ~30% ~30% Efficiency Ratio Return on Equity 3Q22 | Year 0 1Q25 | Year 3 2027 | Year 5 Year 0 3Q22 Year 0 3Q22 Year 0 3Q22 Year 1 4Q23 Year 1 4Q23 Yea
Slide 18: Agenda
Institutional Presentation | 1Q25 181 1.Company Overview 2. Business Update 3. Financial Performance Agenda
Slide 19: Verticals building the future through continuous innovation
Institutional Presentation | 1Q25 19 7 verticals building the future through continuous innovation Growth in all verticals Compounding profitability Insurance
Slide 20: Accelerating client engagement and activation
Institutional Presentation | 1Q25 20 +23% YoY 51.5% 52.2% 52.7% 54.0% 54.9% 55.3% 55.9% 56.9% 57.2% 13.5 14.5 15.5 16.4 17.4 18.4 19.5 20.6 21.6 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 - 5 .0 1 0. 1 5.0 2 0. 2 5.0 3 0. 3 5.0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Active Clients +1.0 +1.0
Slide 21: Banking: A key component of client engagement
21 Institutional Presentation | 1Q25 0 2 4 6 8 10 12 14 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 Th ou sa nd s Cards + PIX TPV per Active Client In R$ thousand, monthly Cards + PIX TPV1 In R$ billions Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Scale of PIX vo
Slide 22: Credit: Successfully exploring new credit lines
Institutional Presentation | 1Q25 22 Credit Credit: Successfully exploring new credit lines, highlighting Private Payroll Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Consumer finance portfolio 2.0 includes PIX financing, bill financing, overdraft, BNPL and ot
Slide 23: Investments: A wide range of products, for all investor profiles
23 Institutional Presentation | 1Q25 R$19.6bn Inter Asset Assets Under Custody Active Clients R$5.2bn Piggy Bank1 AuC 92 95 105 122 141 146 4.7 5.3 5.7 6.3 6.8 7.2 50.0 70.0 90.0 110.0 130.0 150.0 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Note: Definitions are in the Glossary section of this Earnings Presentati
Slide 24: Insurance: Reinforcing the power of our digital and integrated distribution
24 Institutional Presentation | 1Q25 Success of new products Integrated products across verticals Policies Sold Active Contracts 389 404 1,023 1,308 2,703 3,542 1.7 1.9 2.6 3.4 5.3 8.0 - 6.0 - 4.0 - 2.0 0 .0 2 .0 4 .0 6 .0 8 .0 - 500 1,000 1,500 2,000 2,5 00 3,000 3,5 00 4, 000 4, 500 4Q23 1Q24 2Q24
Slide 25: Shopping: Driving engagement, recurrence and monetization
25 Institutional Presentation | 1Q25 3.5mm active clients 1Q25 6.3% 6.9% 8.2% 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 1,050 994 1,136 1,381 1,469 1,282 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 GMV Net Take Rate YoY + 1.1 p.p. +29% Note: Definitions are in the Glossary section of this Earnings Presentati
Slide 26: Global: Replicating the success of our platform abroad
26 Institutional Presentation | 1Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Assets under Inter&Co Securities custody and/or management. Note 2: Amount included in Demand Deposit and Time Deposits balance on IFRS Financial Statement. Includes securities u
Slide 27: Loyalty: Leveraging cross-selling opportunities
27 Institutional Presentation | 1Q25 Receive cashback Convert into dollars Transfer to friends Invest Pay for Pix Insurance Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: More products used by Loop clients who redeemed points vs other clients in March 2025. Loya
Slide 28: Agenda
Institutional Presentation | 1Q25 282 1.Company Overview 2. Business Update 3. Financial Performance Agenda
Slide 29: Gross Loan Portfolio
Institutional Presentation | 1Q25 29Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Gross Loan Portfolio includes anticipation of C.C. receivables. Note 2: SMB includes Agribusiness loans. Note 3: Personal includes payroll deductible loans, overdraft, credit card
Slide 30: Outpacing market growth across multiple loan products
30 Institutional Presentation | 1Q25 Outpacing market growth across multiple loan products 1Q25 Gross Loan Portfolio Growth and Balance In % YoY and in R$ billions RWA Weight Loan Yo Y G ro w th Portfolio Size // Brazilian Market Growth Total Portfolio Growth 33% 9% 19% 25% 14% 13% 9% Market Growth
Slide 31: NPL and Stage 3 formation
Institutional Presentation | 1Q25 31 3 4 5 6 7 8 9 10 11 12 NPL > 90 days1 In % Credit Cards NPL > 90 Days per Cohort2 In % NPL 15 to 90 days1 In % NPL and Stage 3 Formation In % Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Considering Gross Loan Portfolio, wh
Slide 32: Stable cost of risk and solid coverage ratio
32 Institutional Presentation | 1Q25 Coverage Ratio2 In % All-in Cost of Risk1 In % Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Considering Gross Loan Portfolio (which includes anticipation of C.C. receivables) and securities that generates provision expenses
Slide 33: Funding and funding per active client
33 Institutional Presentation | 1Q25 QoQ YoY -3% +9% Deposits per Active Client -2.7 p.p. -1.3 p.p. Loans to Deposits Ratio +7% +35% Total +51% +43% Other +8% +30% Securities Issued +9% +48% Time Deposits -6% +19% Transactional Deposits 11.0; 33% 11.7; 33% 12.3; 31% 14.4; 33% 13.8; 32% 15.1; 32% 15.
Slide 34: One of the lowest costs of funding in the industry
34 Institutional Presentation | 1Q25 Cost of Funding1 In %, annualized Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Average CDI daily rate during the quarter. One of the lowest Costs of Funding in the industry Low cost of funding as a strong competitive edge Q
Slide 35: Diversified revenue streams leveraged by the power of our platform
35 Institutional Presentation | 1Q25 726 71% 828 72% 845 67% 897 68% 992 71% 1,042 70% 1,164 69% 1,258 68% 1,363 74% 298 29% 322 28% 420 33% 416 32% 409 29% 437 30% 512 31% 586 32% 475 26% 1,024 1,150 1,265 1,313 1,401 1,479 1,676 1,844 1,838 1,800 1,939 2,143 2,197 2,291 2,404 2,684 2,963 3,162 - 5
Slide 36: New cohorts driving higher ARPAC levels
36 Institutional Presentation | 1Q25 0 10 20 30 40 50 60 70 80 1 5 9 13 17 21 25 29 ARPAC and CTS Evolution In R$, monthly 13.6 16.0 16.9 17.1 17.8 18.1 18.7 19.6 18.2 28.8 29.6 30.5 30.2 30.1 30.4 32.5 33.6 31.4 15.2 13.7 13.7 13.1 12.4 12.3 13.8 14.0 13.1 45.9 46.1 47.7 45.9 45.2 44.7 47.2 49.3 50
Slide 37: NIM 2.0
37 Institutional Presentation | 1Q25 6.8% 7.4% 7.1% 6.8% 7.1% 7.1% 7.5% 7.6% 7.7%7.8% 8.6% 8.1% 7.9% 8.2% 8.2% 8.7% 8.7% 8.8% 3.5% 3.9% 3.7% 3.9% 4.2% 4.2% 4.5% 4.6% 4.8% 4.0% 4.4% 4.2% 4.5% 4.8% 4.9% 5.2% 5.3% 5.5% 3. 0% 4. 0% 5. 0% 6. 0% 7. 0% 8. 0% 9. 0% 10. 0% 11.0 % 1Q23 2Q23 3Q23 4Q23 1Q24 2Q2
Slide 38: Expenses breakdown
38 Institutional Presentation | 1Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: IFRS Financial Statements lines: “Personnel expenses”, “Depreciation and Amortization”, “Administrative Expenses”. Note 2: Other = Depreciation and amortization, rent, condominiu
Slide 39: Focus on maximizing operational leverage
39 Institutional Presentation | 1Q25 62.4% 53.4% 52.4% 51.4% 47.7% 47.9% 50.2% 50.1% 48.8% 0 .4 0 .4 5 0 .5 0 .5 5 0 .6 0 .6 5 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 SG&A Net revenue1 113 123 128 138 144 163 176 178 100 97 103 105 105 111 132 141 139 7 0 10 0 13 0 16 0 19 0 1Q23 2Q23 3Q23 4Q23
Slide 40: Compounding profitability: ~13% ROE
40 Institutional Presentation | 1Q25 307 13.6% 295 13.2% 260 11.9% 223 10.4% 195 9.7% 160 8.5% 104 5.7% 64 3.6% 24 1.4% 0.7% 2.7% 5.0% 8.2% 9.2% 9.8% 11.3% 12.5% 12.9% 11 49 91 151 183 206 243 275 287 - 5 0 1 0 1 50 2 0 2 50 3 0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Net Income & ROE In R$ mil
Slide 41: Appendix | 1Q25
Institutional Presentation | 1Q25 41 Appendix Earnings Presentation | 1Q25
Slide 42: Significant excess capital in the holding structure
42 Institutional Presentation | 1Q25 23.0% 22.8% 23.7% 23.0% 20.3% 19.3% 17.0% 15.2% 14.7% 0 .0 % 5 .0 % 10 .0 % 15 .0 % 2 0. 0% 2 5. 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Basel Ratio – Banco Inter S.A. In % 3% 3% -4% 6% 8% 6% 7% 6% 8% 2% 5% 7% 10% 4% 11% 7% 8% 3% -6% -4% -2% 0% 2% 4% 6% 8
Slide 43: Balance Sheet and Income Statement
43 Institutional Presentation | 1Q25 Balance Sheet (In R$ million) Income Statement (In R$ million) 03/31/2025 12/31/2024 03/31/2024 ∆QoQ ∆YoY Balance Sheet Assets Cash and cash equivalents 1,459 1,108 2,830 +31.6% -48.5% Amounts due from financial institutions 6,595 6,195 4,051 +6.5% +62.8% Compuls
Slide 44: Glossary
44 Institutional Presentation | 1Q25 Activation Rate: Number of active clients at the end of the quarter Total number of clients at the end of the quarter Active clients: We define an active client as a customer at any given date that was the source of any amount of revenue for us in the preceding t
Slide 45: Glossary
45 Institutional Presentation | 1Q25 Card+PIX TPV per active client: Card+PIX TPV for a given period divided by the number of active clients as of the last day of the period. Cost of funding: Interest expenses × 4 Average of last 2 quarters Interest bearing liabilities (demand deposits, time deposit
Slide 46: Glossary
46 Institutional Presentation | 1Q25 Gross loan portfolio: Loans and Advance to Customers + Loans to financial institutions Gross merchandise volume (GMV): Gross merchandise value, or GMV, for a given period as the total value of all sales made or initiated through our Inter Shop & Commerce Plus pla
Slide 47: Glossary
47 Institutional Presentation | 1Q25 Risk-Adjusted NIM 2.0: Net interest income and income from securities, derivatives and foreign Exchange x 4 Average of 2 Last Quarters Earning Portfolio (Cash and cash equivalents + Amounts due from Minancial institutions, net of provisions for expected credit lo
Slide 48: Notes
48 Institutional Presentation | 1Q25 Note 1: Total number of individuals with active relationships with banks in Brazil, based on data from Banco Central do Brasil (Bacen), as of March/2025. Note 2: Total number of individual accounts in Inter Brazil (PFs) as of March/2025. Note 3: Total number of P
Slide 49: INTR | Nasdaq Listed
INTR | Nasdaq Listed