Nu Holdings Ltd. (NU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

This conference is being recorded and the replay can also be accessed on the company's IR website. This call is also available in Portuguese. To access, you can press the globe icon on the lower right side of your Zoom screen and then choose to enter the Portuguese room. After that, select Mute Original Audio. Para acessar nossa conferência em português, clique no ícone do globo ao lado inferior direito da sua tela zoom e selecione a opção Portuguese Room. Ao acessar a nova sala, certifique-se de mutar o áudio original. Please be advised that all participants will be in a listen-only mode. You may submit online questions at any time today using the Q&A box on the webcast. I would now like to turn the call over to Mr. Guilherme Souto, Investor Relations Officer at New Holdings. Mr. Souto, you may proceed. Thank you, operator, and thank you everyone for joining our earnings call today. With me on today's call are David Velez, our Founder, Chief Executive Officer and Chairman, and Guilherme Lago, our Chief Financial Officer. All financial metrics discussed and presented today reflect our managerial P&L framework, which we introduced in our fourth quarter 2025 results. These managerial measures are important to how we manage the business, but are not financial measures as defined under IFRS, and may not be comparable to other companies. The full reconciliation to the most directly comparable IFRS figures is available in our Managerial P&L Reconciliation Report and in the appendix to this presentation. We are aware that consensus estimates across the cell side reflect a mix of IFRS and managerial frameworks, and we encourage everyone to use the Reconciliation Report as the reference point for aligning models going forward. Unless otherwise noted, all growth rates discusse...