Slide 1: Earnings Presentation 2Q25
1 Earnings Presentation | 2Q25 2Q 20 25 Earnings Presentation August 2025
Slide 2: Agenda
2 Earnings Presentation | 2Q25 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
3 Earnings Presentation | 2Q25 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: 2Q25 highlights
4 Earnings Presentation | 2Q25 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 39.3 11 49 91 151 183 206 243 275 287 315 - 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 Note: Definitions are in the Glossary section of this Earnings Presentation. Net Income Excl.Mi
Slide 5: CEO Overview
5 Earnings Presentation | 2Q25 CEO Overview João Vitor Menin | Global CEO
Slide 6: Another strong quarter, and counting
6 Earnings Presentation | 2Q25 11 315 - 5 0 1 0 1 50 2 0 2 50 3 0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 I n t e r b y D e s i g n Private payroll FGTS Home Equity Mortgages Fee diversification Sustainable credit options Investments Shopping Global Insurance Another strong quarter, and co
Slide 7: Building sustainable credit relationships with our clients
7 Earnings Presentation | 2Q25 Increase loyalty through gamification Reduce risks through financial education Expand credit penetration To creditworthy clients financial planning to better their scores 2 Building sustainable credit relationships with our clients “Meu Crédito” In App Journey 1 To del
Slide 8: Meu Porquinho Por Objetivos
8 Earnings Presentation | 2Q25 “Meu Porquinho Por Objetivos” My Piggy Bank By Savings Goals ˜529k Savings goals created since launch1 +R$281M Invested through savings goals1 +425k Active clients using savings goals1 Enhancing UX and features to drive growth New features launch Li ab ili ty si d e No
Slide 9: Valuable connection with clients translates into brand power
9 Earnings Presentation | 2Q25 Note 1: According to Brand Finance 2025 ranking. Note 2: Source: Forma Turismo Valuable connection with clients translates into brand power 40mm total clients in August 7th most powerful brand in Brazil1 1st bank brand among GenZ2
Slide 10: Business Update
10 Earnings Presentation | 2Q25 1 Business Update Alexandre Riccio | Brazil CEO
Slide 11: Client satisfaction enabling consistent growth in engagement
11 Earnings Presentation | 2Q25 85 NPS 1 18.6mm logins per day2 vs. 14.5 mm in June/24 4.9 Apple store rating 4.8 Play store rating 781mm financial transactions per month3 vs. 652mm in June/24 Note 1: As June/2025. Note 2: The login volume used in this calculation was based on the average of total l
Slide 12: Another great quarter in client adds
12 Earnings Presentation | 2Q25 1,571 1,668 1,796 1,854 1,927 2,058 2,111 2,172 2,376 2,439 1 5 0 1 1 ,0 01 1 ,5 01 2 ,0 0 1 2 ,5 01 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 +1.0 +1.0 +1.0 +0.9 +1.0 +1.0 +1.1 +1.0 +1.0 +1.1 0 0.5 1 1.5 +19% YoY 51.5% 52.2% 52.7% 54.0% 54.9% 55.3% 55.9% 56.9
Slide 13: Consistent growth in the transactional business
13 Earnings Presentation | 2Q25 Cards + PIX TPV per Active Client In R$ 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. %YoY +29% +16% +19% 8.6 9.2 10.3 11.7 11.9 12
Slide 14: Credit strategy execution with positive results
14 Earnings Presentation | 2Q25 Credit strategy execution with positive results across the board Real Estate Portfolio1 In R$ billions Private Payroll Portfolio In R$ millions 9.7 12.2 13.3 - 2 .0 4 .0 6 .0 8 .0 1 0. 1 2.0 1 4.0 2Q24 1Q25 2Q25 33 197 728 0 1 0 2 0 3 0 4 0 5 0 6 0 7 0 8 0 2Q24 1Q25 2
Slide 15: Superior growth in fee businesses
15 Earnings Presentation | 2Q25 Superior growth in fee businesses across different verticals Investments Insurance Shopping AuC Active Clients 105 154 5.7 7.9 50.0 70.0 90.0 110.0 130.0 150.0 170.0 2Q24 2Q25 YoY +38% +47% R$6.2bn Piggy Bank1 AuC +303% YoY AuC & Active Clients In R$ billions & In mil
Slide 16: Best-ever performance in global account deposits growth
16 Earnings Presentation | 2Q25 41 66 85 121 123 154 171 184 238 294 - 5 0. 1 0 .0 1 50 .0 2 0 .0 2 50 .0 3 0 .0 3 50 .0 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Assets under Inter&Co Securities custody and/or management. Best-ever performance in global ac
Slide 17: Market share gains continue across focus products
17 Earnings Presentation | 2Q25 8. 0% 6. 9% 7. 0% 3. 7% 3. 3% 2. 4% 1. 9% 0. 08 % 1. 0% 0. 58 % 8.3% 8.2% 7.9% 4.2% 4.1% 2.5% 2.4% 1.6% 1.2% 0.64% 0. 0% 1.0 % 2. 0% 3. 0% 4. 0% 5. 0% 6. 0% 7. 0% 8. 0% 9. 0% PIX Transactions Home Equity PF FX Transactions FGTS Loans Investing: Tesouro Direto Cards TP
Slide 18: Financial Performance
18 Earnings Presentation | 2Q25 Financial Performance Santiago Stel | SVP CFO 1
Slide 19: Loan Portfolio
19 Earnings Presentation | 2Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Loan Portfolio = Loans and advancements to costumers, gross of provision expenses. Note 2: SMB includes Agribusiness loans. Note 3: Personal includes payroll deductible loans, overdra
Slide 20: Outperforming the market in loan growth
20 Earnings Presentation | 2Q25 Outperforming the market in loan growth 2Q25 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 22% 11% 26% 23% 17%13% 5% Market Growth 11% R$ 4.0 Bn Δ -1.
Slide 21: NPL and credit card cohorts
21 Earnings Presentation | 2Q25 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, which includes anticipation of
Slide 22: Resilient cost of risk and stable coverage ratio
22 Earnings Presentation | 2Q25 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. Not
Slide 23: Funding and funding per active client
23 Earnings Presentation | 2Q25 QoQ YoY +2% +6% Deposits per Active Client +5% +30% Total -6% +22% Other +6% +33% Securities Issued +9% +45% Time Deposits +4% +13% Transactional Deposits 11.0; 33% 11.7; 33% 12.3; 31% 14.4; 33% 13.8; 32% 15.1; 32% 15.9; 32% 17.6; 32% 16.5; 28% 17.1; 28% 11.7; 35% 13.
Slide 24: One of the lowest costs of funding in the industry
24 Earnings Presentation | 2Q25 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 funding costs as a key competitive advantage QoQ Yo
Slide 25: Revenue growth enabled by synergies and diversification
25 Earnings Presentation | 2Q25 726.5 71% 828 72% 845 67% 897 68% 992 71% 1,042 70% 1,164 69% 1,258 68% 1,363 74% 1,470 73% 298 29% 322 28% 420 33% 416 32% 409 29% 437 30% 512 31% 586 32% 475 26% 534 27% 1,024 1,150 1,265 1,313 1,401 1,479 1,676 1,844 1,838 2,003 1,800 1,939 2,143 2,197 2,291 2,404
Slide 26: Strong ARPAC performance led by new cohorts
26 Earnings Presentation | 2Q25 ARPAC and CTS Evolution In R$, monthly 13.6 16.0 16.9 17.1 17.8 18.1 18.7 19.6 18.2 19.1 28.8 29.6 30.5 30.2 30.1 30.4 32.5 33.6 31.4 32.3 15.2 13.7 13.7 13.1 12.4 12.3 13.8 14.0 13.1 13.1 45.9 46.1 47.7 45.9 45.2 44.7 47.2 49.3 50.0 53.7 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
Slide 27: NIM 2.0
27 Earnings Presentation | 2Q25 13.7% 13.7% 13.3% 12.2% 11.3% 10.5% 10.4% 11.1% 13.0% 14.5% 8.6% 3.1% 2.5% 4.4% 5.8% 4.3% 3.2% 6.0% 8.4% 3.8% 1.0 % 3. 0% 5. 0% 7. 0% 9. 0% 11.0 % 13. 0% 15. 0% 6.8% 7.4% 7.1% 6.8% 7.1% 7.1% 7.5% 7.6% 7.7% 7.9%7.8% 8.6% 8.1% 7.9% 8.2% 8.2% 8.7% 8.7% 8.8% 9.1% 3.5% 3.9
Slide 28: Maintaining control on expense levels to support growth
28 Earnings Presentation | 2Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. Expenses Breakdown In R$ millions 386; 65% 348; 60% 363; 59% 365; 58% 395; 63% 403; 61% 475; 60% 496; 59% 528; 64% 540; 62% 172; 29% 186; 32% 211; 34% 221; 35% 190; 30% 204; 31% 259; 33% 284;
Slide 29: Delivering operational leverage
29 Earnings Presentation | 2Q25 62.4% 53.4% 51.7% 51.4% 47.7% 47.6% 50.2% 48.4%48.3% 47.1% 62.4% 53.4% 52.4% 51.4% 47.7% 47.9% 50.7% 50.1% 48.8% 47.8% 4 2. 0% 4 7.0 % 5 2. 0% 5 7.0 % 6 2. 0% 6 7.0 % 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 SG&A Net Revenue1 113 123 128 138 144 163 176 178 1
Slide 30: Compounding profitability quarter over quarter
30 Earnings Presentation | 2Q25 0.7% 2.7% 5.0% 8.2% 9.2% 9.8% 11.3% 12.5% 12.9% 13.9% 6 49 91 151 183 206 243 275 287 315 - 5 0 1 0 1 50 2 0 2 50 3 0 3 50 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Net Income & ROE In R$ millions and in % Net Income Excluding Minority Interest ROE Excluding M
Slide 31: Closing Remarks
31 Earnings Presentation | 2Q25 Closing Remarks João Vitor Menin | Global CEO
Slide 32: Powerful network effects drive growth and profitability
Sustainable profitability Continued growth NETWORK EFFECTS Engaged clients Best-in-class UX Product Offering Cost Efficiency Revenue Growth Credit Underwriting Capital Allocation Net Income & ROE 2015 2020 2025 Beyond Earnings Presentation | 2Q25 Powerful network effects drive growth & profitability
Slide 33: Subsidy Period for Conversion of BDRs to Class A Shares
33 Earnings Presentation | 2Q25 Subsidy Period for Conversion of BDRs to Class A Shares Until August 30, 2025
Slide 34: Appendix
34 Earnings Presentation | 2Q25 3 Appendix
Slide 35: Significant excess capital in the holding structure
35 Earnings Presentation | 2Q25 23.0% 22.8% 23.7% 23.0% 20.3% 19.3% 17.0% 15.2% 14.7% 14.4% 1.3% 15.7% 0 .0 % 5 .0 % 10 .0 % 15 .0 % 2 0. 0% 2 5. 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Basel Ratio – Banco Inter S.A.4 In % 3% 3% -4% 6% 8% 6% 7% 6% 8% 2% 5% 5% 8% 10% 4% 7% 2% 6% 5% 8% -6
Slide 36: Balance Sheet and Income Statement
36 Earnings Presentation | 2Q25 Balance Sheet (In R$ million) Income Statement (In R$ million) 06/30/2025 03/31/2025 06/30/2024 ∆QoQ ∆YoY Balance Sheet Assets Cash and cash equivalents 4,834 1,459 2,797 +231.4% +72.8% Amounts due from financial institutions 4,953 6,595 5,280 -24.9% -6.2% Compulsory
Slide 37: Glossary
37 Earnings Presentation | 2Q25 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 38: Glossary
38 Earnings Presentation | 2Q25 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 39: Glossary
39 Earnings Presentation | 2Q25 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 40: Glossary
40 Earnings Presentation | 2Q25 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 losses
Slide 41: Inter&co
Inter&co INTR | Nasdaq Listed