Slide 1: Form 6-K cover page
United States Securities and Exchange Commission Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 132-02847 INTER & Co, INC. (Exact name of registrant as speci
Slide 2: 1Q25 Earnings Presentation, May 2025
Earnings Presentation | 1Q25 1 1Q 20 25Earnings Presentation May 2025 Inter by design
Slide 3: Agenda
Earnings Presentation | 1Q25 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 4: Forward-looking statements
Earnings Presentation | 1Q25 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 5: 1Q25 highlights
Earnings Presentation | 1Q25 4 11 49 91 151 183 206 243 275 287 - 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 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 4 Note: Definitions are in the Glossary section of this Earnings Presentation. Net Income Excl.Minority Inter
Slide 6: CEO Overview
Earnings Presentation | 1Q25 5 CEO Overview João Vitor Menin | Global CEO
Slide 7: Inter is uniquely positioned to thrive in the changing industry dynamics
Inter is uniquely positioned to thrive in the changing industry dynamics
Slide 8: The Brazilian banking industry was concentrated & expensive
Earnings Presentation | 1Q25 7Note 1: . Data from Banco Central do Brasil of Conglemerado Financeiro, of Biggest Banks by Householdes Loans in December 2016. The Brazilian banking industry was concentrated & expensive +82% Market Share of Retail Loans Top 5 banks1
Slide 9: A digital revolution in banking started in 2016
Earnings Presentation | 1Q25 8 A digital revolution in banking started in 2016 Raised in Fintech Ecosystem Since 2016 USD~20bn Launched in 2016 By the Brazilian Central Bank BC+ Agenda Inter was one of the main protagonists of this revolution, but with a unique approach
Slide 10: Since then, unsecured credit grew ~3.1x
Earnings Presentation | 1Q25 9 Since then, unsecured credit grew ~3.1x Note 1: Data from Banco Central do Brasil, considering Households Credit Cards, Personal Credit, Personal Credit – Renegotiation and Overdraft. Note 2: Average Non-Payroll Personal Credit Rate. Data from Banco Central do Brasil,a
Slide 11: This is Inter by design
Earnings Presentation | 1Q25 10 This is Inter by design At Inter, we built a sustainable and integrated ecosystem 100% digital business model = BNPLFGTS Private Payroll Home Equity Mortgages SMBs Sustainable Credit Options Retail Funding Franchise 20 million depositors R$ 2k per active client + Fee
Slide 12: We are seizing the opportunity in a changing market
Earnings Presentation | 1Q25 11 1,263 bn Total Market1 204 bn Total Market1 79 bn Total Market1 41 bn Total Market1 26 bn Total Market1 We are seizing the opportunity in a changing market We’re ready and well positioned to the new trend FGTSPrivate Payroll Home Equity Mortgages SMBs Digital Receivab
Slide 13: Business Update
Earnings Presentation | 1Q25 121 Business Update Alexandre Riccio | Brazil CEO
Slide 14: Growth in all verticals, compounding profitability
Earnings Presentation | 1Q25 13 7 verticals building the future through continuous innovation Growth in all verticals Compounding profitability
Slide 15: Accelerating client engagement and activation
Earnings Presentation | 1Q25 14 +23% YoY 51.5% 52.2% 52.7% 54.0% 54.9% 55.3% 55.9% 56.9% 57.2% 13.5 14.5 15.5 16.4 17.4 18.4 19.5 20.6 21.6 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 - 5 .0 1 0. 1 5.0 2 0. 2 5.0 3 0. 3 5.0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Active Clients +1.0 +1.0 +1.0
Slide 16: Banking: A key component of client engagement
15 Earnings Presentation | 1Q25 0 2 4 6 8 10 12 14 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 Th ou sa nd s 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
Slide 17: Credit: Successfully exploring new credit lines
Earnings Presentation | 1Q25 16 Credit Credit: Successfully exploring new credit lines, highlighting Private Payroll Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Consumer finance portfolio 2.0 includes PIX financing, bill financing, overdraft, BNPL and other u
Slide 18: Investments: A wide range of products
17 Earnings Presentation | 1Q25 R$19.6bn Inter Asset Assets Under Custody Active Clients R$5.2bn Piggy Bank1 AuC 92 95 105 122 141 146 4.7 5.3 5.7 6.3 6.8 7.2 50.0 70.0 90.0 110.0 130.0 150.0 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. N
Slide 19: Insurance: Reinforcing digital and integrated distribution
18 Earnings Presentation | 1Q25 Success of new products Integrated products across verticals Policies Sold Active Contracts 389 404 1,023 1,308 2,703 3,542 1.7 1.9 2.6 3.4 5.3 8.0 - 6.0 - 4.0 - 2.0 0 .0 2 .0 4 .0 6 .0 8 .0 - 500 1,000 1,500 2,000 2,5 00 3,000 3,5 00 4, 000 4, 500 4Q23 1Q24 2Q24 3Q24
Slide 20: Shopping: Driving engagement, recurrence and monetization
19 Earnings Presentation | 1Q25 3.5mm active clients 1Q25 6.3% 6.9% 8.2% 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 1,050 994 1,136 1,381 1,469 1,282 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 GMV Net Take Rate YoY + 1.1 p.p. +29% Note: Definitions are in the Glossary section of this Earnings Presentation. N
Slide 21: Global: Replicating the success of our platform abroad
20 Earnings Presentation | 1Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Assets under Inter&Co Securities custody and/or management. Note 2: Amount included in Demand Deposit and Time Deposits balance on IFRS Financial Statement. Includes securities under
Slide 22: Loyalty: Leveraging cross-selling opportunities
21 Earnings Presentation | 1Q25 Receive cashback Convert into dollars Transfer to friends Invest Pay for Pix Insurance Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: More products used by Loop clients who redeemed points vs other clients in March 2025. Loyalty:
Slide 23: Keeping our journey on record market share
Earnings Presentation | 1Q25 22 Banking / Transactional Platform Products 1 Year Ago + 43 bp s + 87 bp s + 13 8 b p s + 70 bp s + 85 bp s + 55 bp s + 24 bp s + 18 bp s + 1 b p s + 41 bp s 7. 7% 7. 6% 6. 4% 3. 6% 3. 1% 1. 9% 1. 0% 2. 2% 0. 64 % 0. 07 % 8.2%8.4% 7.8% 4.3% 3.9% 2.4% 1.2% 2.4% 0.65% 0.4
Slide 24: Financial Performance
Earnings Presentation | 1Q25 23 Financial Performance Santiago Stel | SVP CFO 2
Slide 25: Gross Loan Portfolio
Earnings Presentation | 1Q25 24Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: Gross Loan Portfolio includes anticipation of C.C. receivables. Note 2: SMB includes Agribusiness loans. Note 3: Personal includes payroll deductible loans, overdraft, credit card rene
Slide 26: Outpacing market growth across multiple loan products
25 Earnings Presentation | 1Q25 Outpacing market growth across multiple loan products 1Q25 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 33% 9% 19% 25% 14% 13% 9% Market Growth 10% R
Slide 27: NPL and Stage 3 formation
Earnings Presentation | 1Q25 26 3 4 5 6 7 8 9 10 11 12 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 i
Slide 28: Stable cost of risk and solid coverage ratio
27 Earnings Presentation | 1Q25 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 29: Funding and funding per active client
28 Earnings Presentation | 1Q25 QoQ YoY -3% +9% Deposits per Active Client -2.7 p.p. -1.3 p.p. Loans to Deposits Ratio +7% +35% Total +51% +43% Other +8% +30% Securities Issued +9% +48% Time Deposits -6% +19% Transactional Deposits 11.0; 33% 11.7; 33% 12.3; 31% 14.4; 33% 13.8; 32% 15.1; 32% 15.9; 32
Slide 30: One of the lowest costs of funding in the industry
29 Earnings Presentation | 1Q25 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 cost of funding as a strong competitive edge QoQ Yo
Slide 31: Diversified revenue streams leveraged by the power of our platform
30 Earnings Presentation | 1Q25 726 71% 828 72% 845 67% 897 68% 992 71% 1,042 70% 1,164 69% 1,258 68% 1,363 74% 298 29% 322 28% 420 33% 416 32% 409 29% 437 30% 512 31% 586 32% 475 26% 1,024 1,150 1,265 1,313 1,401 1,479 1,676 1,844 1,838 1,800 1,939 2,143 2,197 2,291 2,404 2,684 2,963 3,162 - 5 00 1
Slide 32: New cohorts driving higher ARPAC levels
31 Earnings Presentation | 1Q25 0 10 20 30 40 50 60 70 80 1 5 9 13 17 21 25 29 ARPAC and CTS Evolution In R$, monthly 13.6 16.0 16.9 17.1 17.8 18.1 18.7 19.6 18.2 28.8 29.6 30.5 30.2 30.1 30.4 32.5 33.6 31.4 15.2 13.7 13.7 13.1 12.4 12.3 13.8 14.0 13.1 45.9 46.1 47.7 45.9 45.2 44.7 47.2 49.3 50.0 1Q
Slide 33: NIM 2.0
32 Earnings Presentation | 1Q25 6.8% 7.4% 7.1% 6.8% 7.1% 7.1% 7.5% 7.6% 7.7%7.8% 8.6% 8.1% 7.9% 8.2% 8.2% 8.7% 8.7% 8.8% 3.5% 3.9% 3.7% 3.9% 4.2% 4.2% 4.5% 4.6% 4.8% 4.0% 4.4% 4.2% 4.5% 4.8% 4.9% 5.2% 5.3% 5.5% 3. 0% 4. 0% 5. 0% 6. 0% 7. 0% 8. 0% 9. 0% 10. 0% 11.0 % 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q2
Slide 34: Expenses breakdown
33 Earnings Presentation | 1Q25 Note: Definitions are in the Glossary section of this Earnings Presentation. Note 1: IFRS Financial Statements lines: “Personnel expenses”, “Depreciation and Amortization”, “Administrative Expenses”. Note 2: Other = Depreciation and amortization, rent, condominium fee
Slide 35: Focus on maximizing operational leverage
34 Earnings Presentation | 1Q25 62.4% 53.4% 52.4% 51.4% 47.7% 47.9% 50.2% 50.1% 48.8% 0 .4 0 .4 5 0 .5 0 .5 5 0 .6 0 .6 5 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 SG&A Net revenue1 113 123 128 138 144 163 176 178 100 97 103 105 105 111 132 141 139 7 0 10 0 13 0 16 0 19 0 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 36: Compounding profitability: ~13% ROE
35 Earnings Presentation | 1Q25 307 13.6% 295 13.2% 260 11.9% 223 10.4% 195 9.7% 160 8.5% 104 5.7% 64 3.6% 24 1.4% 0.7% 2.7% 5.0% 8.2% 9.2% 9.8% 11.3% 12.5% 12.9% 11 49 91 151 183 206 243 275 287 - 5 0 1 0 1 50 2 0 2 50 3 0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Net Income & ROE In R$ millions
Slide 37: Closing Remarks
Earnings Presentation | 1Q25 363 Closing Remarks João Vitor Menin | Global CEO
Slide 38: Executing our plan
Earnings Presentation | 1Q25 37 38MM 48.8% 12.9% Where we started Where we achieved so far Our 5-year north star Total Clients 23MM 75% -2% ~60MM ~30% ~30% Efficiency Ratio Return on Equity 3Q22 | Year 0 1Q25 | Year 3 2027 | Year 5 Year 0 3Q22 Year 0 3Q22 Year 0 3Q22 Year 1 4Q23 Year 1 4Q23 Year 1 4
Slide 39: Inter is uniquely positioned to thrive in a sustainable win-win model
Inter is uniquely positioned to thrive in a sustainable win-win model Clients Shareholders Industry Regulators 38
Slide 40: Appendix
Earnings Presentation | 1Q25 393 Appendix
Slide 41: Significant excess capital in the holding structure
40 Earnings Presentation | 1Q25 23.0% 22.8% 23.7% 23.0% 20.3% 19.3% 17.0% 15.2% 14.7% 0 .0 % 5 .0 % 10 .0 % 15 .0 % 2 0. 0% 2 5. 0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Basel Ratio – Banco Inter S.A. In % 3% 3% -4% 6% 8% 6% 7% 6% 8% 2% 5% 7% 10% 4% 11% 7% 8% 3% -6% -4% -2% 0% 2% 4% 6% 8% 10%
Slide 42: Balance Sheet and Income Statement
41 Earnings Presentation | 1Q25 Balance Sheet (In R$ million) Income Statement (In R$ million) 03/31/2025 12/31/2024 03/31/2024 ∆QoQ ∆YoY Balance Sheet Assets Cash and cash equivalents 1,459 1,108 2,830 +31.6% -48.5% Amounts due from financial institutions 6,595 6,195 4,051 +6.5% +62.8% Compulsory d
Slide 43: Glossary
42 Earnings Presentation | 1Q25 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 44: Glossary
43 Earnings Presentation | 1Q25 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 45: Glossary
44 Earnings Presentation | 1Q25 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 46: Glossary
45 Earnings Presentation | 1Q25 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 47: Inter&Co
Inter&co INTR | Nasdaq Listed
Slide 48: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. INTER & Co, INC. By: /s/ Rafaela de Oliveira Vitoria Name: Rafaela de Oliveira Vitoria Title: Investor R