Financial Data and Key Metrics Changes - The company added 4.3 million customers in Q1 2025, reaching a total of 19 million customers across all markets, with significant growth in Brazil and Mexico [6][10] - Net interest income (NII) grew 34% year over year, reaching an all-time high of $1.8 billion, while net income increased 74% year over year to $557 million [28][31] - The efficiency ratio improved to 24.7%, reflecting a significant year-over-year improvement [30] Business Line Data and Key Metrics Changes - The credit portfolio reached $24.1 billion, growing 8% quarter over quarter and 40% year over year [17] - Total loan originations reached a record of 20.2 billion reais in Q1, up 64% year over year, with unsecured loans being the main driver [20] - The average revenue per active customer (ARPAK) is expected to grow significantly as product usage deepens, with potential to exceed $25 after several years [12] Market Data and Key Metrics Changes - The company serves approximately 59% of Brazil's adult population, 12% in Mexico, and 8% in Colombia, indicating substantial market penetration opportunities [16] - In Mexico, the customer base grew 70% over the past four quarters, with deposits exceeding $5 billion and revenues nearly doubling [10][11] - The company’s gross profit market share in Brazil is only 5%, indicating significant room for growth [8] Company Strategy and Development Direction - The company is focused on long-term value creation rather than short-term earnings optimization, investing in deposit franchises in Mexico and Colombia [15] - The strategy includes expanding market share and enhancing customer engagement through innovative product offerings and improved credit models [9][14] - The company aims to capture value from the structural shift from cash to digital payments, particularly in underpenetrated markets like Mexico and Colombia [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential across Latin America, particularly in Brazil, Mexico, and Colombia, despite short-term margin pressures [15][26] - The company is optimistic about the future of secured lending products, including public and private payroll loans, which are expected to drive significant growth [22][79] - Management highlighted the importance of maintaining a strong customer experience while navigating competitive dynamics in the market [25][56] Other Important Information - The company has been approved for a banking license in Mexico, which will enable accelerated growth and product offerings [11] - The company’s credit underwriting capabilities have improved, allowing for responsible expansion of credit access [8][20] Q&A Session Summary Question: About the resilience of NIM in Brazil despite higher SELIC rates - Management explained that the resilience is due to increases in loan-to-deposit ratios offsetting headwinds from funding costs and portfolio mix changes [44][45] Question: Impact of FGTS loan origination disruption - Management estimated a 10% impact on originations due to the FGTS disruption, indicating a significant operational effect [48] Question: Focus on Brazil and Mexico versus international expansion - Management confirmed that Brazil, Mexico, and Colombia remain top priorities, with internationalization being a long-term goal [56][58] Question: Provision expenses and risk-adjusted NIMs - Management noted that seasonal effects largely influenced the increase in provision expenses, and they expect stability in risk-adjusted NIMs moving forward [64][66] Question: Growth potential in secured lending - Management highlighted the significant growth potential in secured lending, particularly in public payroll loans, and expressed confidence in their digital-first approach [72][78]

Q1 2025 Earnings Presentation First Quarter 2025 Results 1 May 13, 2025 Welcome Investor Relations Officer Guilherme Souto First Quarter 2025 Results 2 David Vélez Founder, Chief Executive Officer and Chairman Youssef Lahrech President and Chief Operating Officer Guilherme Lago Chief Financial Officer First Quarter 2025 Results 3 Disclaimer This presentation speaks at the date hereof and the Company is under no obligation to update or keep current the information contained in this presentation. Any informat ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May, 2025 Commission File Number 001-41129 Nu Holdings Ltd. (Exact name of registrant as specified in its charter) Nu Holdings Ltd. (Translation of Registrant's name into English) Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, KY1-9010 Grand Cayman, Cayman Islands +1 345 949 2648 (Address of ...

Core Viewpoint - Nu Holdings Ltd. is set to report its first-quarter 2025 results, with expectations of significant revenue and earnings growth compared to the previous year [1]. Financial Performance - The consensus estimate for revenues in Q1 2025 is $3.5 billion, reflecting a year-over-year growth of 27.6% [1]. - Total earnings are estimated at 12 cents per share, indicating a 33.3% increase from the same quarter last year [1]. - Interest income and gains are projected at $2.9 billion, a 29.8% rise year-over-year, while fee and commission income is expected to reach $529.4 million, up 16.2% [6]. Customer Growth - The number of active customers is anticipated to be 97.6 million, representing an 18.1% increase from the previous year [7]. - The company's customer-centric approach in Brazil, Mexico, and Colombia has contributed to this growth [7]. Stock Performance - Nu Holdings' shares have increased by 23.8% year-to-date, outperforming the industry average rise of 16.1% and the S&P 500's decline of 4.4% [8]. - The stock is currently trading at a trailing 12-month price-to-earnings ratio of 20.51X, which is higher than the industry average of 9.08X and the ratios of its peers, Bank of Montreal and Bank of Nova Scotia [11]. Business Model and Strategy - The company's digital-first and scalable business model enhances operational efficiency and reduces costs, positioning it as a significant player in traditional banking [12]. - Nu Holdings has seen a 22% year-over-year increase in active customers in Q4 2024, attributed to its digital-first strategy and expansion in Latin America [13]. - The long-term vision includes developing a global AI-driven digital banking model to provide financial services to a broader customer base [14]. Revenue Diversification - The diversified revenue model helps mitigate risks and provides stability during economic uncertainties, with a reported 24.3% year-over-year growth in Q4 2024 [15]. Competitive Landscape - The company operates in a highly competitive market and may need to invest significantly in technology and talent to maintain its competitive edge [16]. - Despite its strong fundamentals, Nu Holdings has a premium valuation, suggesting a cautious approach for investors [18].

Group 1 - Nu Holdings is a Brazilian digital bank operating in Brazil, Mexico, and Colombia, serving over 114 million customers [1] - On April 24, the company announced to investors that it had obtained regulatory approval [1]

Nu Holdings Ltd. (NU) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock m ...

Core Viewpoint - Nu Holdings has demonstrated strong growth and market interest, particularly after receiving approval to operate a bank in Mexico, leading to a significant stock price increase of 21% in April [1][6]. Group 1: Company Performance - Nu Holdings is an all-digital bank operating in Brazil, Mexico, and Colombia, consistently reporting double-digit revenue growth and increasing profits [2]. - The company has expanded its services beyond its original mission, targeting a wider demographic and successfully attracting an upmarket population through effective cross-selling strategies [3]. - Despite concerns over high inflation and interest rates in Brazil, Nu Holdings has gained renewed market interest as a non-U.S. company amidst tariff worries [5]. Group 2: Market Developments - The approval for a full bank charter in Mexico marks a significant milestone for Nu, transitioning from operating as a Popular Financial Company to a full bank, which enhances its service offerings [6]. - The launch of a high-interest savings account in 2023 resulted in over one million signups within a month, contributing to a customer base exceeding 10 million by the end of 2024, reflecting a 91% increase from 2023 [6]. Group 3: Investment Potential - The current P/E ratio of 31 is considered attractive for a growth stock, although it may appear expensive compared to typical bank stocks [8]. - Nu Holdings is recognized for its high growth potential, making it an opportune time for investors to consider taking or adding to their positions [10].

Core Insights - Nu Holdings has received regulatory approval to transition its Mexico operations into a full-service bank, expanding its banking footprint in Mexico [1][9] - This transition will enable Nu to offer a broader range of financial products and services, enhancing accessibility for unbanked and underbanked citizens in the region [2][12] Company Growth in Brazil - Nubank has significantly disrupted Brazil's traditional banking sector, where five banks previously controlled 80% of financial assets [3] - The company has adopted a digital-only neobank model, reducing operational costs and allowing for customer-friendly offerings such as free accounts and no annual fee credit cards [4] - Nubank has reached 101.8 million customers, representing 58% of Brazil's adult population, and has reduced the unbanked population to just 3% [5] Expansion in Mexico - Nubank is strategically focusing on expanding its operations in Latin America, particularly in Mexico and Colombia, with its customer base in Mexico growing to 10 million, nearly doubling in one year [6] - Currently operating as a Popular Financial Society (SOFIPO), Nu Mexico offers basic financial services but faces limitations that hinder its growth [8][9] - The transition to a full-service bank will allow Nu to offer payroll accounts, mortgage loans, auto loans, and various investment products, addressing the needs of the 51% of the Mexican population that remains underbanked or unbanked [11][12] Financial Performance - Nu has demonstrated solid revenue growth and has achieved positive GAAP earnings per share for eight consecutive quarters [14] - Despite recent market volatility causing a 23% decline from its 52-week high, Nu's growth rate remains significantly higher than that of other banks, justifying its higher valuation multiples [15]

Group 1 - Nu Holdings has demonstrated exceptional growth, doubling its net income to $1.97 billion in 2024 while maintaining strong operating margins and a return on equity (ROE) [1] Group 2 - The operational structure of Nu Holdings is characterized as highly efficient and profitable, contributing to its impressive financial performance [1]

Investors who allocate capital to the financial services space will likely be familiar with industry heavyweights such as JPMorgan Chase, Bank of America, Visa, Mastercard, and Charles Schwab. I'm sure younger and digitally native companies such as Robinhood Markets and SoFi Technologies come to mind as well.However, you might not know about Nu Holdings (NU 4.43%), a fintech enterprise that's making a splash in Latin America. It has already grown into a sizable business, with a market cap of $55 billion. An ...