Slide 1: 1Q26 Earnings Presentation
1Q26 Earnings Presentation 1Q26
Slide 2: Disclaimer
1Q26 Disclaimer Forward-Looking Statements This document contains "forward-looking statements" within the meaning of the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact may be deemed forward-looking, includi
Slide 3: Accelerated shareholder return with 27% distribution yield YTD
1Q26 Accelerated shareholder return with 27% distribution yield YTD 2024 2025 2026 YTD 4 months Capital Distribution (R$bn) 1.6 3.0 3.6 Share buybacks 1.6 3.0 0.6 (R$bn) Dividends - - 3.1 (R$bn) Extraordinary Distribution Yield 1 12% 15% 27% > At least another R$1.4bn to be repurchased throughout 20
Slide 4: Key priorities for 2026
1Q26 Key priorities for 2026 PILLAR PILLAR 01 Payments 02 Credit 1. Reaccelerate profitable TPV growth with leading 1. Improvement to credit models indicators improving since February 2. Disciplined credit portfolio expansion on different 2. Focus on initiatives to address higher than usual products
Slide 5: 1Q26 Results reflecting expected softer first-half dynamics
1Q26 1Q26 Results reflecting expected softer first-half dynamics 1Q26 Results 2026 Guidance Adj Gross Profit 1 1.5 (R$bn) 6.6 – 7.0 Adj Basic EPS 2.19 10.8 – 11.4 (R$/share) Adj Effective tax rate 14.3% Mid-teens (ETR) Shares for Adj Basic EPS 247.8 Including the impact of ordinary distributions (mn
Slide 6: Sustained profitability with annual EPS growth
1Q26 Sustained profitability with annual EPS growth Total Revenue and Income Adj Gross Profit Adj Net Income & Adj Basic EPS R$bn R$bn R$mn & R$/share +6% +0% +3% 3.7 X 707 X 3.6 1.7 X 3.4 X 1.5 1.5 X X 531 549 y/y 44.4% 44.6% 2.76 41.6% +15% 2.19 1.89 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Gr
Slide 7: Unified active client base, one definition across segments and solutions
1Q26 Unified active client base, one definition across segments and solutions Active Client Base 1 ARPAC 2 mn R$ / average active client +13% -11% -5% -3% X X 278 4.9 X X X X 4.7 254 247 4.2 New methodology 1 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Note 1. Merchants that have generated at least R$0.01 in reve
Slide 8: Continued expansion in retail deposits despite moderate TPV growth
1Q26 Continued expansion in retail deposits despite moderate TPV growth TPV 1 Retail Deposits 2 R$bn R$bn +3% +22% +26% y/y Average daily Retail Deposits 3 8.0 9.4 10.1 151 X 11.1 X 137 y/y X 134 10.1 27 +37% X 8.3 20 27 y/y 9.5 6.3 9.1 114 124 110 -3% 7.4% 7.4% 6.2% 2.0 1.5 1.0 1Q25 4Q25 1Q26 1Q25
Slide 9: Sustained credit profitability with portfolio and yield expansion
1Q26 Sustained credit profitability with portfolio and yield expansion Credit Portfolio Revenues & Yield 2 R$bn R$mn & % +14% +25% X q/q X 3.2 297 X +23% 2.8 X 0.4 238 2.3 0.3 1.8 0.2 q/q 179 1.4 0.2 +13% 133 Risk-adjusted 2.9 104 pricing 2.5 supporting 2.1 yield 1.6 2.9% 3.1% 3.3% 1.3 2.6% 2.7% imp
Slide 10: Credit quality softening offset by conservative provisioning levels
1Q26 Credit quality softening offset by conservative provisioning levels NPL 1 Provisions & Cost of Risk 2 Coverage Ratio 3 % R$mn & % % 166 280% 265% 264% 7.0% 256% 229% 5.0% 5.2% 110 4.6% 4.7% 82 86 5.0% 4.4% 34 21.9% 3.1% 20.2% 2.6% 2.5% 16.8% 17.1% 10.2% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4
Slide 11: Increase in provisions pressured efficiency ratio
1Q26 Increase in provisions pressured efficiency ratio R$mn 1Q26 %Rev 1Q25 %Rev Δ% y/y Δ %Rev Comments on y/y highlights as a % of Revenues Cost of services (COGS) (989.0) (27.6%) (785.8) (23.4%) 25.9% (420)bps Increased with higher provisions for credit losses Increased mainly with severance costs
Slide 12: Strong capital position with ROE to normalize post non-recurring effect
1Q26 Strong capital position with ROE to normalize post non-recurring effect Managerial Capital 1 ROE 2 R$bn & % % +40bps 44% 38% Excluding the impact of the 29% 29% extraordinary dividend 25% 19.6 X Impacted by 17.2 18.3 X 19% 2.1 18% Linx-related 0.6 1.3 DTA 5.7 recognition, 4.1 5.1 with ROE expec
Slide 13: Q&A
Q&A 1Q26
Slide 14: Appendix
Appendix 1Q26
Slide 15: Summary of Adjustment Statement of Profit and Loss
1Q26 Summary of Adjustment Statement of Profit and Loss ADJUSTED STATEMENT OF PROFIT AND LOSS R$mn 1Q26 % Rev 1Q25 % Rev Δ% y/y 4Q25 % Rev Δ% q/q Net revenue from transaction activities and other services 481.4 13.5% 660.7 19.7% (27.1%) 548.2 14.7% (12.2%) Net revenue from subscription services and
Slide 16: P&L adjustments including non-recurring item beyond typical M&A effects
1Q26 P&L adjustments including non-recurring item beyond typical M&A effects Statement of Profit & Loss 1Q26 1Q26 Adjustments Comments R$mn Adjusted IFRS Total revenue and income 3,578.0 - 3,578.0 - Cost of services (989.0) - (989.0) - R$1.3mn of financial expenses from fair value adjustments on acq
Slide 17: Adjusted Net Income Reconciliation
1Q26 Adjusted Net Income Reconciliation ADJUSTED NET INCOME RECONCILIATION Net Income Bridge (R$mn) 1Q26 4Q25 1Q25 Δ% y/y Δ% q/q Net income 1,780.3 647.4 511.7 247.9% 175.0% Amortization of fair value adjustment 1 12.2 12.5 11.2 8.7% (3.0%) Recognition of DTA on tax goodwill (1,242.6) 0.0 0.0 n.a. n
Slide 18: Adjusted EPS (Non-IFRS)
1Q26 Adjusted EPS (Non-IFRS) ADJUSTED EPS 1Q26 4Q25 1Q25 Δ% y/y Δ% q/q Adjusted net income – Continuing Operations (R$mn) 549.1 706.9 530.7 3.5% (22.3%) Weighted Average Basic Number of Shares (mn of shares) 247.8 254.6 279.8 (11.5%) (2.7%) Weighted Average Diluted Number of Shares (mn of shares) 25
Slide 19: Linx proceeds, share buyback and 1Q seasonality driving net cash dynamics
1Q26 Linx proceeds, share buyback and 1Q seasonality driving net cash dynamics Adj Net Cash Position R$bn +1.2 Comments on q/q evolution +2.4 ✔ +R$3,090mn related to proceeds from the Linx sale Cash proceeds received ✔ +R$888mn of net income plus non-cash expenses 1 X 4.9 on February 27, 2026 ✔ -R$5
Slide 20: Non-IFRS measures
1Q26 Non-IFRS measures ∙ Adjusted Basic EPS: calculated as Adjusted Net Income from Continuing Operations attributable to controlling shareholders, divided by the basic weighted average number of shares outstanding in the period. ∙ Active Client Base: merchants that have generated at least R$0.01 in
Slide 21: Thank you
Thank you Investor Relations investors@stone.co 1Q26