Slide 1: 2Q26 Earnings Presentation
2Q26 Earnings Presentation Investor Relations
Slide 2: Disclaimer
INVESTOR RELATIONS EARNINGS PRESENTATION 2Q26 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 fa
Slide 3: The Bank for Entrepreneurs
2Q26 EARNINGS PRESENTATION BRAND POSITIONING The Bank for Entrepreneurs O Banco pra quem empreende Watch the campaign film Our new brand positioning reflects the breadth of solutions we already provide across payments, banking and credit, reinforcing the direction of our long-term growth strategy an
Slide 4: Stone: the bank for entrepreneurs, end-to-end
2Q26 EARNINGS PRESENTATION Stone: the bank for entrepreneurs, end-to-end MONEY IN MONEY OUT Cards Cards POS Terminals / Link Employees Pix / Bank Transfer Pix / Bank Transfer Tap on Phone Suppliers Bank slip Bank slip Recurring Payments Services / Infra Cash Bank Cash Sell Online Account Government
Slide 5: Your online and physical stores, integrated in one bank. Pagar.me is now Stone.
2Q26 EARNINGS PRESENTATION Recent milestone: One Stone – one account, all offerings Unique positioning with several benefits Omnichannel sale, Connection between payment methods Stone and Pagar.me • Digital commerce solutions integrated into Stone platform: checkout, gateway, recurring payments, fra
Slide 6: Focus on delivering the lower end of 2026 guidance
2Q26 EARNINGS PRESENTATION Focus on delivering the lower end of 2026 guidance Continuing Operations 1 KPIs YTD Results 2026 Guidance Adj Gross Profit 2 (R$bn) 3.1 6.6 – 7.0 Adj Basic EPS (R$/share) 4.6 10.8 – 11.4 Adj Effective Tax Rate (ETR) 15.4% Mid-teens Shares for Adj Basic EPS Including the im
Slide 7: Continued annual EPS growth in a challenging year
2Q26 EARNINGS PRESENTATION Continued annual EPS growth in a challenging year Continuing Operations Total Revenue and Income Adj Gross Profit Adj Net Income & Adj Basic EPS R$bn R$bn R$mn & R$/share +2% +0% -3% 3.6 X 3.6 X X 1X.6 1.5 1.6 598 X X 583 3.5 549 y/y 44.6% 41.6% 43.6% +9% 2.21 2.40 2.19 2Q
Slide 8: Growing active client base with improving sequential revenue per client
2Q26 EARNINGS PRESENTATION Growing active client base with improving sequential revenue per client Continuing Operations Active Client Base 1 ARPAC 2 mn R$ / average active client +6% -7% +2% +2% X 4.8 X X 269 X X 4.7 247 251 X 4.5 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 Note 1. Merchants that have generated
Slide 9: Moderate TPV growth with higher banking engagement
2Q26 EARNINGS PRESENTATION Moderate TPV growth with higher banking engagement TPV 1 Retail Deposits 2 R$bn R$bn +4% +22% Average daily Retail Deposits 3 8.3 10.1 10.3 +25% y/y X 142 136 X 137 X 10.8 y/y 10.1 X 8.8 1.1 21 27 31 +44% 1.0 1.5 y/y 9.1 9.7 115 110 111 -3% 7.3 6.5% 7.4% 7.6% 2Q25 1Q26 2Q2
Slide 10: Credit portfolio and revenue expansion with yield broadly unchanged
2Q26 EARNINGS PRESENTATION Credit portfolio and revenue expansion with yield broadly unchanged Continuing Operations Credit Portfolio Revenues & Yield 2 R$bn R$mn & % +16% +14% Credit Revenues were reviewed to X X include credit card 3.8 q/q 349 X X interchange 3.2 +17% 305 revenues in all 0.4 histo
Slide 11: Government-backed facilities impact on working capital credit economics
2Q26 EARNINGS PRESENTATION Government-backed facilities impact on working capital credit economics Automated Desk Dedicated Desk CURRENT WORKING CAPITAL METRICS Average Loan Ticket ~ R$40 thousand ~ R$ 700 thousand Average Loan Term ~ 18 months ~ 30 months Average Interest ~ 4.0% /month ~ 2.5% /mont
Slide 12: Encouraging FPD levels with cost of risk stable despite higher provisions
2Q26 EARNINGS PRESENTATION Encouraging FPD levels with cost of risk stable despite higher provisions NPL 1 Provisions & Cost of Risk 2 Coverage Ratio 3 % R$mn & % % 188 280% 8.6% 166 265% 264% 7.0% 229% 204% 5.0% 5.2% 110 4.7% 82 86 6.0% 5.0% 4.4% 3.1% 20.2% 21.9% 21.5% 2.5% 16.8% 17.1% 2Q25 3Q25 4Q
Slide 13: NPLs composition impacted by different products dynamic
2Q26 EARNINGS PRESENTATION NPLs composition impacted by different products dynamic NPL 15-90 NPL 90+ % % Largest driver this quarter 1.4% 6.0% 0.4% 8.6% 0.9% -0.3% -0.1% 5.0% 7.0% 0.4% 1Q26 Dedicated Automated Other 2Q26 1Q26 Dedicated Automated Other 2Q26 Desk Desk Products Desk Desk Products 13
Slide 14: Disciplined cost management with improving funding structure
2Q26 EARNINGS PRESENTATION Disciplined cost management with improving funding structure Continuing Operations Costs & Expenses Breakdown R$mn & % COST & EXPENSE LINE y/y q/q Comments on y/y evolution 2,937 2,890 2,797 COGS ex. provision for ECL -1% -8% Broadly flat 823 758 Provision for ECL +128% +1
Slide 15: Solid capital position supporting ROE expansion
2Q26 EARNINGS PRESENTATION Solid capital position supporting ROE expansion Managerial Capital 1 Capital Distribution 3 ROE 4 R$bn & % R$bn & USD % 29% 29% 2 13.9 +1pp 26% 12.1 10.7 X 19.6 19.8 X 22% 18.3 21% 2.1 2.1 3.8 19% 1.3 5.1 5.7 6.0 3.1 11.7 11.6 11.6 0.4 0.5 0.7 dec/25 mar/26 jun/26 2Q25 1Q2
Slide 16: Q&A
INVESTOR RELATIONS EARNINGS PRESENTATION 2Q26 Q&A 16
Slide 17: Appendix
INVESTOR RELATIONS EARNINGS PRESENTATION 2Q26 Appendix 17
Slide 18: Summary of Adjustment Statement of Profit and Loss
2Q26 EARNINGS PRESENTATION Summary of Adjustment Statement of Profit and Loss Continuing Operations ADJUSTED STATEMENT OF PROFIT AND LOSS R$mn 2Q26 % Rev 2Q25 % Rev Δ% y/y 1Q26 % Rev Δ% q/q Net revenue from transaction activities and other services 427.2 11.9% 658.1 18.8% (35.1%) 481.4 13.5% (11.3%)
Slide 19: P&L adjustments including non-recurring item beyond typical M&A effects
2Q26 EARNINGS PRESENTATION P&L adjustments including non-recurring item beyond typical M&A effects Continuing Operations Statement of Profit & Loss 2Q26 2Q26 Adjustments Comments R$mn Adjusted IFRS Total revenue and income 3,587.4 - 3,587.4 - Cost of services (945.7) (200.3) (1,146.0) Allowance for
Slide 20: Adjusted Net Income Reconciliation
2Q26 EARNINGS PRESENTATION Adjusted Net Income Reconciliation Continuing Operations ADJUSTED NET INCOME RECONCILIATION Net Income Bridge (R$mn) 2Q26 1Q26 2Q25 Δ% y/y Δ% q/q Net income 449.9 1,780.3 587.2 (23.4%) (74.7%) Amortization of fair value adjustment 1 9.7 12.2 11.4 (14.2%) (19.8%) Recognitio
Slide 21: Adjusted EPS (Non-IFRS)
2Q26 EARNINGS PRESENTATION Adjusted EPS (Non-IFRS) Continuing Operations ADJUSTED EPS 2Q26 1Q26 2Q25 Δ% y/y Δ% q/q Adjusted net income – Continuing Operations (R$mn) 582.7 549.1 598.1 (2.6%) 6.1% Weighted Average Basic Number of Shares (mn of shares) 239.5 247.8 269.2 (11.0%) (3.3%) Weighted Average
Slide 22: Robust Stage coverage amid moderating NPL formation
2Q26 EARNINGS PRESENTATION Robust Stage 3 coverage amid moderating NPL formation Consolidated Credit Portfolio by stage Coverage Ratio by stage NPL Formation 1 Representativeness (%) % % 88% 87% 86% 6% 6% 7% 9% 12% 5% 5% 4% 5% 73% 75% 6% 3.7% 3.8% 54% 56% 53% 52% 51% 1.9% 2.1% 2.1% 89% 88% 89% 86% 8
Slide 23: Extraordinary dividend and share buybacks driving net cash evolution
2Q26 EARNINGS PRESENTATION Extraordinary dividend and share buybacks driving net cash evolution Adj Net Cash Position R$bn -2.4 -3.6 Comments on q/q evolution X 4.9 ✔ +R$1,023mn of net income plus non-cash expenses 2 X 3.7 ✔ -R$3,078mn related to the extraordinary dividend 1 3.1 ✔ -R$739mn from shar
Slide 24: Capital management: our strategy towards shareholder return
2Q26 EARNINGS PRESENTATION Capital management: our strategy towards shareholder return Our capital allocation framework defines that, before returning capital to shareholders, we will prioritize a strong liquidity position, ensuring funding maturities significantly longer than our assets. The excess
Slide 25: Non-IFRS Measures
INVESTOR RELATIONS EARNINGS PRESENTATION 2Q26 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: merchan
Slide 26: Thank you!
Thank you! investors@stone.co