XP Inc. (XP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone. I'm Andrew Parisi, Investor Relations Officer at XP. It's a pleasure to be here with you today. On behalf of the company, I would like to thank you all for your interest and welcome you to our third quarter 2025 earnings call. Today's presentation will be led by our CEO, Thiago Mafra, and our CFO, Victor Mansur, who will both be available for the Q&A session right after the presentation. If you would 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 would like to activate it, please click the button below. Before we begin, please refer to our legal disclaimers on page 2, 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 the third quarter 2025 earnings call. 2025 has been a very important year for XP, as we have achieved significant progress on our agenda of excellence. From the launch of the new way to attend and serve clients, implementing a culture to better understand clients' financial cycles as part of the main KPIs, new and more intelligent segmentation through a brand new app with much more features and easier data access and new credit card offering. These few examples demonstrate our folks to become the leader in investments in the country while it brings a completely new approach on how Brazilians invest. Despite these advances we have made in different areas, the year has still proven to be challenging. But even with this challenge, our team is ...