PicS N.V. (PICS) Q1 2026 Earnings Call

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WEBVTT 00:00:00.853 -- 00:00:05.054 Good evening, everyone, and welcome to the PicPay earnings conference call for the first 00:00:05.054 -- 00:00:10.495 quarter of 2026. I'm André Cazoto, PicPay's Strategy, M&A, and Investor 00:00:10.495 -- 00:00:15.876 Relations Officer. Today, I'm joined by Eduardo Chedi, our CEO, Rodrigo 00:00:15.876 -- 00:00:20.896 Couto, our CFO, Danilo Cáfaro, Vice President of Consumer Banking, and our 00:00:20.896 -- 00:00:26.317 Investor Relations and Strategy teams. We will begin with a short presentation highlighting 00:00:26.317 -- 00:00:31.405 our quarterly results, followed by a live Q&A with our management team. 00:00:31.405 -- 00:00:35.509 Please note that this presentation may contain forward-looking statements and non-GAAP 00:00:35.509 -- 00:00:40.853 measures. Please refer to the disclaimer on screen and in our earnings materials available 00:00:40.853 -- 00:00:44.517 on our Investor Relations website for additional information. 00:00:44.517 -- 00:00:49.000 This call is being recorded and a replay will be available on our website shortly after 00:00:49.000 -- 00:00:54.005 the call. Before I hand the call over to our CEO, Eduard Chedi, I would like to 00:00:54.005 -- 00:00:57.222 briefly highlight the strength of our execution. 00:00:57.222 -- 00:01:02.006 As you can see on the next slide, we deliver results above the guidance we presented 00:01:02.006 -- 00:01:06.250 across all key metrics for the first quarter of 2026. 00:01:06.250 -- 00:01:10.932 Our total credit portfolio reached R$28 billion, 00:01:11.434 -- 00:01:16.559 5.8% above our guidance of R$26.5 billion, driven by a better than 00:01:16.559 -- 00:01:21.283 expected performance on our private payroll loans, which continue to gain traction during 00:01:21.283 -- 00:01:2...