Slide 1: 3Q2025 Earnings Presentation
Earnings Presentation | 3Q25 3Q2025 Earnings Presentation “Building the future through profitable growth” November 2025 1
Slide 2: Agenda
Earnings Presentation | 3Q25 Agenda 1. CEO Overview 2. Business Update 3. Financial Performance João Vitor Menin | Global CEO Alexandre Riccio | Brazil CEO Santiago Stel | SVP CFO 2
Slide 3: Disclaimer
Earnings Presentation | 3Q25 Disclaimer 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
Slide 4: 3Q25 highlights
Earnings Presentation | 3Q25 3Q25 highlights Total 41.3 Clients +30% YoY loan portfolio2 1.2mm new active clients 1 39.3 45.2% efficiency ratio 1.6 Net 3 5 0 R$ tn TPV run rate 37.7 336 Income 315 36.1 336 3 0 34.9 287 R$ mm net income 275 33.3 14.2% ROE 2 5 0 243 31.7 206 30.4 183 2 0 29.4 27.8 151
Slide 5: CEO Overview
Earnings Presentation | 3Q25 CEO Overview João Vitor Menin | Global CEO 55
Slide 6: Celebrating the journey, designing the future
Earnings Presentation | 3Q25 Celebrating the journey, designing the future 10 year-anniversary of our digital account 2025 6
Slide 7: Our mission statement
Earnings Presentation | 3Q25 Our mission statement To create a world where interactions between people generate more value 7
Slide 8: The cultural pillars behind our strong performance
Earnings Presentation | 3Q25 The cultural pillars behind our strong performance Customer Lead with Operational Winning Centricity Innovation Excellence Mentality The customer at the Anticipate Flawless Extraordinary center of all decisions the future execution results as one team 8
Slide 9: Building the future though profitable growth
Earnings Presentation | 3Q25 Building the future though profitable growth Innovation Expansion Team AI & Gen AI New products Team development Hyper-personalization Single App Market experts New features New countries New culture pillars 9
Slide 10: Business Update
Earnings Presentation | 3Q25 Business Update Alexandre Riccio | Brazil CEO 10 10
Slide 11: Branding & client experience enabling higher engagement
Earnings Presentation | 3Q25 Branding & client experience enabling higher engagement Total Clients Growth – YTD 4 In %, Brazil only 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% Inter 14.1% Player 2 13.5% Player 3 10.1% 85 NPS 1 Player 4 9.0% Player 5 8.5% Player 6 3.9% Player 7 Player 8 3.6% 3.4% 20.
Slide 12: Record growth in new active clients
Earnings Presentation | 3Q25 Record growth in new active clients Total Number of Clients In millions +4.4 Improved onboarding dynamics +4.1 1.5 Δ Active 1.0 0.9 1.0 1.0 1.1 1.0 1.0 1.1 1.2 Efficient client early activation journey clients 1 39.3 41.3 0.5 4 0 . 37.7 36.1 0 34.9 Faster CAC pa
Slide 13: Day-to-day banking growth driven by higher primary relationships
Earnings Presentation | 3Q25 Day-to-day banking growth driven by higher primary relationships Banking Cards + PIX TPV1 Cards + PIX TPV per Active Client In R$ billions In R$ thousand, monthly % YoY 1 0 .0 412 +28% Thousands 9 0 .0 364 374 12 342 8 0 .0 320 10 290 253 257 7 0 .0 383 +30% 8 6 0 .0 219
Slide 14: Strategic focus on Private Payroll loans and Credit Cards reshaping
Earnings Presentation | 3Q25 Strategic focus on Private Payroll loans and Credit Cards reshaping Credit Loan Portfolio1 Private Payroll Portfolio Credit Card Portfolio Breakdown In R$ billion In R$ billion In R$ billion YoY YoY 5 0 .0 30% +0.6 bn 30% YoY 43.8 +30% Total 1.3 +3150% 14.0 1 5 .0 +30% T
Slide 15: Sustained market share gains in key products
Earnings Presentation | 3Q25 Sustained market share gains in key products Market Share In % 10. 0% 8.9% 2Q24 8.4% 8.4% +31 bps 9. 0% 3Q25 +155 bps +144 bps 8. 0% 8.1% 7.4% 7. 0% 7.0% 6. 0% 4.4% 5. 0% +55 bps 4.2% +51 bps 4. 0% 3.8% 2.7% 3.7% 2.4% 2.4% 25 bps 3. 0% 2.1% +55 bps + + 202 bps 2. 0% 1.2%
Slide 16: 7 verticals building the future through continuous innovation
Earnings Presentation | 3Q25 7 verticals building the future through continuous innovation Growth in Compounding all verticals profitability Insurance 16
Slide 17: Financial Performance
Earnings Presentation | 3Q25 Financial Performance Santiago Stel | SVP CFO 17 17
Slide 18: High growth in credit while expanding ROE with revenue diversification
Earnings Presentation | 3Q25 High growth in credit while expanding ROE with revenue diversification QoQ YoY Loan Portfolio1 In R$ billion 5 0 .0 +9% +30% Total 45 . 0 43.8 +7% -9% SMBs 2 40.2 4.3; 9.7% 37.4 4 0 .0 4.0; 9.9% 35.6 +7% +30% Credit Card 35 . 0 33.0 33.7 4.0; 10.8% 4.3; 12.1% 30.9 14.0;
Slide 19: Outperforming the market in loan growth across products
Earnings Presentation | 3Q25 Outperforming the market in loan growth across products 3Q25 Gross Loan Portfolio Growth and Balance In % YoY and in R$ billions YoY Growth Portfolio Size Brazilian Market Growth 38% 37% R$ 11.1 Bn 33% Δ +3.1 bn Total Portfolio Growth R$ 8.9 Bn 30% Δ +2.4 bn R$ 3.8 Bn 30
Slide 20: Asset quality performance demonstrating consistent strength
Earnings Presentation | 3Q25 Asset quality performance demonstrating consistent strength NPL 15 to 90 days1 NPL > 90 days1 In % In % 6 .0 % 4.5% 4.6% 4 .7 % 4.3% 4.3% 5 .5 % 5.0% 5.0% 5.1% 4.2% 4.1% 4.9% 4.8% 4.9% 4.1% 4.0% 4.1% 4.6% 4.6% 4.5% 5 .0 % 4.4% 4 .2 % 4.3% 4.8% 4.0% 4 .5 % 4.7% 3 .7 % 3.9
Slide 21: Resilient cost of risk with stable coverage levels
Earnings Presentation | 3Q25 Resilient cost of risk with stable coverage levels All-in Cost of Risk1 & Coverage Ratio2 Cumulative EBT of private payroll 10 .0 % In % 9 .0 % Illustrative P&L 8 .0 % 7 .0 % 6 .0 % 5.5% 5.4% 4.8% 4.9% 5.0% 5 .0 % 4.9% 4.7% 4.8% 4.6% 2 0 .0 % 4 .0 % 18 03.0.0%% 2 .0 % (+
Slide 22: Diversified funding franchise delivering high growth
Earnings Presentation | 3Q25 Diversified funding franchise delivering high growth QoQ YoY Funding & Funding per Active Client In R$ billions & in R$ thousands 2.06 +5% +8% Deposits per 1.98 Active Client 1 2 .1 0 2 .0 5 1.93 1.96 2 .0 1.87 1.90 1 .9 5 1.85 1.77 1.77 1 .9 0 1 .8 5 67.9 1 .8 0 1 .7 5
Slide 23: Low funding costs as a competitive advantage
Earnings Presentation | 3Q25 Low funding costs as a competitive advantage Cost of Funding1 In %, annualized One of the lowest Costs of Funding in the industry QoQ YoY 68.2% +3.4 p.p. +2.8 p.p. Cost of Funding as % of CDI 67.0% 65.4% 65.9% 22.0 % 64.0% 64.3% 64.2% Cost of Funding as % of CDI 65.1% -1
Slide 24: Platform synergies and cross-selling driving high revenue growth
Earnings Presentation | 3Q25 Platform synergies and cross-selling driving high revenue growth 4 ,5 00 Revenue QoQ YoY In R$ millions 4 ,0 00 3,977 +11% +48% Total Gross Revenue 3,567 3 ,50 0 3,162 3 ,0 00 2,963 2,684 2,404 +8% +29% Total Net Revenue 2,291 2 ,50 0 2,143 2,197 2,162 2,003 2 ,0 00 1,84
Slide 25: Strong ARPAC performance led by new cohorts
Earnings Presentation | 3Q25 Strong ARPAC performance led by new cohorts Gross ARPAC By Cohort Net ARPAC By Cohort ARPAC and CTS Evolution In R$, monthly In R$, monthly In R$, monthly R$134 R$88 56.8 53.7 49.3 50.0 Mature Gross ARPAC Mature Net ARPAC 47.7 45.9 45.2 47.2 120 90 44.7 110 80 32.5 33.6
Slide 26: Consistent NIM growth across quarters
Earnings Presentation | 3Q25 11.0 0% Consistent NIM growth across quarters NIM1, 2 14.9% Average CDI 15. 0% 10. 00 % In % 14.5% of the Quarter 9.28% NIM 2.0 13.3% 9.07% 13.0% 8.74% 8.84% 8.68% 13. %% 9. 00 12.2% 8.15% 8.22% 8.24% NIM 1.0 11.3% 11.1% 8.08% 7.87% 7.87% 10.5% 10.4% 7.65% 8. 00 % 7.55%
Slide 27: Expense control supporting our operations
Earnings Presentation | 3Q25 Expense control supporting our operations Expenses Breakdown QoQ YoY In R$ millions 1 ,0 0 +5% +16% Total 913 9 00 873 841 831 85; 9% +10% +58% Depreciation and amortization 77; 9% 787 61; 7% 8 00 67; 8% 53; 7% 7 00 660 257; 285; +11% +10% Personnel 614 628 628 284; 235;
Slide 28: Strong progress towards our efficiency ambition
Earnings Presentation | 3Q25 Strong progress towards our efficiency ambition Revenue and Expenses Efficiency Ratio In %, index in a185 100 basis In % 60 . 0 % Inter Pag acquisition 58 . 0 % 170 Net Revenue IOC adjusted 1 56 . 0 % 156 54 . 0 % 155 51.7% 146 145 52 . 0 % 51.4% SG&A 149 50.2% 48.4% 50
Slide 29: Continuous expansion of profitability, achieving 14%+ ROE
Earnings Presentation | 3Q25 Continuous expansion of profitability, achieving 14%+ ROE Net Income & ROE ROE In R$ millions and in % 14.2% 13.9% 3 6 0 12.9% 336 Net Income 12.5% 315 3 1 0 11.3% 287 275 9.8% 9.2% 243 2 6 0 8.2% 2 1 0 206 183 1 6 0 5.0% 151 91 1 1 0 6 0 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q
Slide 30: Closing Remarks
Earnings Presentation | 3Q25 Closing Remarks João Vitor Menin | Global CEO 30 30
Slide 31: Celebrating the journey, designing the future
Earnings Presentation | 3Q25 Inter by design 10 year-anniversary of our digital account in Brazil Celebrating the journey, designing the future 2025 31
Slide 32: Appendix
Earnings Presentation | 3Q25 Appendix 32 32
Slide 33: Balance Sheet and Income Statement
Earnings Presentation | 3Q25 Balance Sheet (In R$ million) Income Statement (In R$ million) Variation % 09/30/2025 06/30/2025 09/30/2024 ∆QoQ ∆YoY Balance Sheet Assets Variation % 3Q25 2Q25 3Q24 ∆QoQ ∆YoY Cash and equivalents 5,695 4,834 2,274 +17.8% +150.5% Income Statement Amounts due from financi
Slide 34: Non-IFRS measures and KPIs
Earnings Presentation | 3Q25 Non-IFRS measures and KPIs Activation Rate: ARPAC net of interest expenses: (Revenue − Interest expenses) ÷ 3 Number of active clients at the end of the quarter Average of the last 2 quarters Active Clients Total number of clients at the end of the quarter ARPAC per quar
Slide 35: Non-IFRS measures and KPIs
Earnings Presentation | 3Q25 Non-IFRS measures and KPIs 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. Coverage ratio: Provision for expected credit loss + Provision for expected credit losses on loan commitme
Slide 36: Non-IFRS measures and KPIs
Earnings Presentation | 3Q25 Non-IFRS measures and KPIs Gross loan portfolio: Loans and Advance to Customers + Loans to financial institutions Net revenue IOC adjusted: Net interest income + Net fee income + Taxes on interest on own Capital Gross merchandise volume GMV Gross merchandise value, or
Slide 37: Non-IFRS measures and KPIs
Earnings Presentation | 3Q25 Non-IFRS measures and KPIs 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 Linancial institutions, NPL formation: net of
Slide 38: Earnings Presentation | 3Q25
EARNINGS PRESENTATION | 4Q24 Earnings Presentation | 3Q25 38