Inter & Co. Inc. · NASDAQ:INTR
Inter & — Q4 2025 Earnings Presentation
38 slides from Inter &'s earnings presentation, Feb 11, 2026
Slide 1: 4Q25 Earnings Presentation
Earnings Presentation | 4Q25 1 4Q 20 25 Earnings Presentation February 2026
Slide 2: Agenda
Earnings Presentation | 4Q25 2 Agenda 1. CEO Overview 2. Business Update João Vitor Menin | Global CEO Alexandre Riccio | Brazil CEO 3. Financial Performance Santiago Stel | SVP CFO
Slide 3: Forward-looking statements disclaimer
Earnings Presentation | 4Q25 3 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 risks an
Slide 4: 4Q25 highlights
Earnings Presentation | 4Q25 4 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 39.3 41.3 43.1 11 49 91 151 183 206 243 275 287 315 336 374 - 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 2Q25 3Q25 4Q25 Note: Definitions are in the Glossary section of this Earnings Pres
Slide 5: CEO Overview
Earnings Presentation | 4Q25 5 CEO Overview João Vitor Menin | Global CEO
Slide 6: 2025: Another year of innovation
Earnings Presentation | 4Q25 6 December “My Credit” Journey March Private Payroll April “Forum” our social media platform July My Piggy Bank by Savings Goals 2025: Another year of innovation +451k Active clients1 +18m Users1 +1.5m Clients1 +2.8m Unique access1 Note 1 As of December 31, 2025.
Slide 7: Strengthening our brand positioning & experience in Brazil
Earnings Presentation | 4Q25 7 7th most powerful brand in Brazil1 3rd most mentioned brand in the category on social media3 1st bank brand among Gen Z2 #1 financial app on iOS and Android in Brazil4 Strengthening our brand positioning & experience in Brazil Note 1 According to Brand Finance 2025 ra
Slide 8: Building the foundations for our global expansion
Earnings Presentation | 4Q25 8Note 1 According to Brand Finance 2025 ranking. Note 2: Source: Forma Turismo. Building the foundations for our global expansion Note 1 Bind Partnership an ouncement. USEND acquisition US Mortgages Launch Inter Securities Launch Global Account for Argentinians1 Global
Slide 9: Executive leadership driving high-performance execution
Earnings Presentation | 4Q25 9 Executive leadership driving high-performance execution João Vitor Menin 🇺🇸 Global CEO Santiago Stel 🇺🇸 CFO Joined in 2022 Alexandre Riccio 🇧🇷 Brazil CEO Joined in 2013 Marlos Araujo 🇧🇷 CRO Joined in 2025 Guilherme Ximenes 🇺🇸 CIO Joined in 2015 Marco Araujo…
Slide 10: Business Update
Earnings Presentation | 4Q25 101 Business Update Alexandre Riccio | Brazil CEO
Slide 11: Fastest growing bank in Brazil
Earnings Presentation | 4Q25 11 19.5% 19.3% 14.5% 11.2% 11.2% 6.1% 5.0% 4.1% 3.6% 3.6% Player 2 Player 3 Player 4 Player 5 Player 6 Player 7 Player 8 Player 9 Player 10 Note 1 As December/2025. Note 2 The login volume used in this calculation was based on the average of total logins per day of Dec
Slide 12: Record-breaking numbers of active & total clients
Earnings Presentation | 4Q25 12 0.9 1.0 1.0 1.1 1.0 1.0 1.1 1.2 1.1 0 0.5 1 1.5 Δ A ct iv e cl ie nt s Total Number of Clients In millions Note: Definitions are in the Glossary section of this Earnings Presentation. Record-breaking numbers of active & total clients Improved onboarding dynam
Slide 13: High activation & engagement levels fueling strong TPV growth
Earnings Presentation | 4Q25 13 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 volume was reduced to fit on page. Note 2 Market data from Banco Central do Bra
Slide 14: Healthy & balanced growth in secured and unsecured credit
Earnings Presentation | 4Q25 14 9.6; 80.9% 10.7; 76.8% 11.7; 76.9% 1.4; 12.1% 1.8; 12.8% 2.0; 13.0% 0.8; 6.9% 1.5; 10.4% 1.5; 10.1% 11.8 14.0 15.3 - 2 .0 4 .0 6 .0 8 .0 1 0. 1 2.0 1 4.0 1 6.0 4Q24 3Q25 4Q25 23.1; 64.8% 29.0; 66.3% 32.1; 66.6% 12.5; 35.2% 14.8; 33.7% 16.1; 33.4% 35.6 43.8 48.3 - 1 0.
Slide 15: Accelerating market share gains in key products
Earnings Presentation | 4Q25 15 7. 4% 8. 3% 3. 8% 2. 4% 0. 10 % 1.1 % 0. 49 % 8.9% 8.5% 4.3% 2.6% 2.5% 1.3% 0.63% 0.0% 1.0% 2. 0% 3. 0% 4.0% 5. 0% 6. 0% 7.0% 8. 0% 9. 0% 10.0% Home Equity PF PIX Transactions Tesouro Direto Investing Cards TPV Private Payroll Time + Demand Deposits Mortgage 4Q24 Mark
Slide 16: Verticals shaping Inter's future
Earnings Presentation | 4Q25 16 7 verticals shaping Inter’s future with continuous innovation Growth in all verticals Compounding profitability
Slide 17: Financial Performance
Earnings Presentation | 4Q25 17 Financial Performance Santiago Stel | SVP CFO 1
Slide 18: Strong 36% growth in credit portfolio with a diversified strategy
Earnings Presentation | 4Q25 18 Loan Portfolio1 & Loan per active client In R$ billion & in R$ thousands 6.3; 21.2% 6.3; 20.4% 6.4; 19.4% 6.5; 19.3% 6.7; 18.9% 7.3; 19.5% 8.1; 20.2% 8.9; 20.3% 10.0; 20.7% 0.3; 1.1% 0.5; 1.6% 0.7; 1.9% 1.1; 3.0% 1.3; 3.5% 1.4; 3.4% 1.5; 3.3% 1.6; 3.2% 2.3; 7.6% 2.5;
Slide 19: Asset Quality with sustained strength
Earnings Presentation | 4Q25 19 Credit Cards NPL > 90 Days per Cohort2 In % NPLs1 In % NPL and Stage 3 Formation In % 3 4 5 6 7 8 9 10 11 12 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1 Considering Gross Loan Portfolio. Note 2 Cohorts defined as the first dat
Slide 20: Funding, Funding per Active Client and Loans over Deposits
Earnings Presentation | 4Q25 20 14.4; 33% 13.8; 32% 15.1; 32% 15.9; 32% 17.6; 32% 16.5; 28% 17.1; 28% 18.4; 27% 20.2; 28% 16.3; 38% 16.9; 39% 18.8; 39% 21.2; 42% 23.0; 42% 25.1; 42% 27.3; 44% 30.9; 45% 32.4; 44% 8.1; 19% 8.2; 19% 8.5; 18% 9.0; 18% 9.9; 18% 10.7; 18% 11.4; 18% 12.2; 18% 14.1; 19% 4.7
Slide 21: One of the lowest Cost of Funding in the industry
Earnings Presentation | 4Q25 21 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 Cost of Funding in the industry Low funding cost as a competitive advantage 12.2% 11.3%
Slide 22: Consistent growth across our diversified revenue streams
Earnings Presentation | 4Q25 22Note: Definitions are in the Glossary section of this Earnings Presentation. 897 68% 992 71% 1,042 70% 1,164 69% 1,258 68% 1,363 74% 1,470 73% 1,623 75% 1,819 76% 416 32% 409 29% 437 30% 512 31% 586 32% 475 26% 534 27% 539 25% 579 24% 1,313 1,401 1,479 1,676 1,844 1,83
Slide 23: Net & gross ARPAC expansion across all quarters of 2025
Earnings Presentation | 4Q25 23 0 10 20 30 40 50 60 70 80 90 100 110 120 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 0 10 20 30 40 50 60 70 80 90 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 ARPAC and CTS Evolution In R$, monthly 17.1 17.8 18.1 18.7 19.6 18.2 19.1 20.2 21.2 30.2 30.1 30.4 32.5 33.6 31.
Slide 24: Strong & sustained NIM growth over consecutive quarters
Earnings Presentation | 4Q25 24 12.2% 11.3% 10.5% 10.4% 11.1% 13.0% 14.5% 14.9% 14.9% 4.4% 5.8% 4.3% 3.2% 6.0% 8.4% 3.8% 2.5% 2.4% 1.0 % 3. 0% 5. 0% 7. 0% 9. 0% 11.0 % 13. 0% 15. 0% 6.81% 7.09% 7.10% 7.50% 7.55% 7.65% 7.87% 8.08% 8.33% 7.87% 8.22% 8.24% 8.68% 8.74% 8.84% 9.07% 9.28% 9.57% 3.89% 4.15
Slide 25: Effective expense control supporting operational efficiency
Earnings Presentation | 4Q25 25Note: Definitions are in the Glossary section of this Earnings Presentation. Expenses Breakdown In R$ millions 365; 58% 395; 63% 403; 61% 475; 60% 496; 59% 528; 64% 540; 62% 543; 60% 589; 58% 221; 35% 190; 30% 204; 31% 259; 33% 284; 34% 235; 28% 257; 29% 285; 31% 313;
Slide 26: Steady focus on driving efficiency gains
Earnings Presentation | 4Q25 26 51.4% 47.7%47.6% 50.2% 48.4% 48.3%47.1% 45.2% 45.5% 18.1% 14.5% 14.8% 16.7% 16.9% 13.8% 14.1% 14.5% 14.4% 33.2% 33.3% 33.1% 34.0% 33.2% 35.0% 33.8% 31.8% 32.3% 12 .0 % 17 .0 % 2 2. 0% 2 7.0 % 3 2.0 % 3 7.0 % 4 2. 0% 4 7.0 % 5 2. 0% 5 7.0 % 4Q23 1Q24 2Q24 3Q24 4Q24 1Q2
Slide 27: Compounding profitability: surpassing the 15% ROE milestone
Earnings Presentation | 4Q25 27 11 49 91 151 183 206 243 275 287 315 336 374 - 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 2Q25 3Q25 4Q25 4.2% 11.1% 13.8% Net Income & ROE In R$ millions and in % Net Income ROE Note: Definitions are in the Glossary section of this
Slide 28: Closing Remarks
Earnings Presentation | 4Q25 282 Closing Remarks João Vitor Menin | Global CEO
Slide 29: 4Q25 highlights
Earnings Presentation | 4Q25 29 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 39.3 41.3 43.1 11 49 91 151 183 206 243 275 287 315 336 374 - 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 2Q25 3Q25 4Q25 Note: Definitions are in the Glossary section of this Earnings Pre
Slide 30: Save the Date: Nasdaq Marketsite, New York
Earnings Presentation | 4Q25 30 S A V E T H E D A T E Nasdaq Marketsite, New York City With Live Broadcast 9 a.m. EST May 11th RSVP Here!
Slide 31: Appendix
Earnings Presentation | 4Q25 31 Appendix
Slide 32: Significant excess capital in the holding structure
Earnings Presentation | 4Q25 32 23.7% 23.0% 20.3% 19.3% 17.0% 15.2% 14.7% 14.4% 13.3% 12.0% 0.6% 1.3% 1.3% 1.8% 15.7% 14.6% 14.4% 0 .0 % 5 .0 % 10 .0 % 15 .0 % 2 0. 0% 2 5. 0% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Basel Ratio – Banco Inter S.A. In % 4% 6% 8% 6% 7% 6% 8% 2% 7% 8% 8% 10%
Slide 33: Balance Sheet and Income Statement
Earnings Presentation | 4Q25 33 Balance Sheet (In R$ million) Income Statement (In R$ million) 12/31/2025 09/30/2025 12/31/2024 ∆QoQ ∆YoY Balance Sheet Assets Cash and equivalents 3,802 5,695 1,108 -33.3% +243.0% Amounts due from financial institutions 4,600 3,276 6,195 +40.4% -25.7% Deposits at Cen
Slide 34: Glossary
Earnings Presentation | 4Q25 34 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 three
Slide 35: Glossary
Earnings Presentation | 4Q25 35 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 deposits, sa
Slide 36: Glossary
Earnings Presentation | 4Q25 36 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 platform
Slide 37: Glossary
Earnings Presentation | 4Q25 37 Risk-Adjusted NIM 2.0 Net interest income and income from securities, derivatives and foreign exchange −Impairment losses on Linancial assets x 4 Average of 2 Last Quarters Earning Portfolio (Cash and cash equivalents + Amounts due from Linancial institutions, net of
Slide 38: Earnings Presentation
Earnings Presentation | 4Q25 38 E A R N I N G S P R E S E N T A T I O N | 4 Q 2 4