XP Inc. (XP) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

who will both be available for the Q&A session right after the presentation. If you'd like to ask a question, please use the raise hand feature on Zoom and we will address them in the order we received. We also offer the option of simultaneous translation to Portuguese. If you'd like to activate it, please click the button below. Before we begin, please refer to our legal disclaimers on page two, where we provide additional information regarding forward-looking statements. You can also find more information in the SEC filing section on our IR website. Now I'll turn it over to Thiago Mafra. Good evening, Mafra. Thank you, André. Good evening, everyone. I appreciate you all joining us today for our first quarter 2025 earnings call. Let's begin by reviewing the key highlights for the quarter. It is important to mention that we continue to execute our strategy initiatives, delivering high results consistently. Starting with client assets plus AUM and AOA that we are now disclosing, that achieved 1.8 trillion, posting a 13% growth year over year. we accounted 18.1 thousand advisors representing 2% growth year-over-year and active client base posted 4.7 million with 2% growth year-over-year in the quarter gross revenues posted 4.6 billion with 7% growth year-over-year We delivered solid ABT growth of 16% year-over-year, reaching R$ 1.3 billion. And once again, happy to announce that we achieved the all-time high quarterly net income in our history, posting R$ 1.236 billion. It represents a 20% year-over-year growth. On profitability, we achieved 24.1% ROE during the quarter, with 340 bps expansion versus first quarter 24. On capital ratio, we marked a comfortable level at 19%. It represented an increase of 130 bps quarter over quarter. What's important here is our capacity...