Financial Data and Key Metrics Changes - The company reported a total gross revenue of BRL 3.2 billion and net revenue of BRL 1.8 billion, reflecting a year-over-year growth of 3831% [30] - The efficiency ratio improved to 48.8%, with a return on equity (ROE) of 12.9% [33][35] - The cost of risk decreased to 4.6%, marking the best performance since 2022 [27] Business Line Data and Key Metrics Changes - The total loans grew by 33% year-over-year, significantly outpacing the Brazilian market [23] - The Consumer Finance 2.0 portfolio expanded over five times year-over-year, reaching BRL 920 million [15] - The investments vertical saw assets under custody (AUC) increase by 54% year-over-year, reaching BRL 146 billion [16] Market Data and Key Metrics Changes - The company achieved an 8.2% market share in transactions made through PIX, totaling BRL 315 billion in the first quarter [14] - The marketplace's gross merchandise volume (GMV) grew by almost 30% year-over-year, reaching BRL 300 million [18] - The company gained more than 40 basis points of market share in seven out of ten presented products [21] Company Strategy and Development Direction - The company is focused on sustainable products and a diversified revenue stream, positioning itself well in a rapidly changing banking industry [6][8] - The launch of the private payroll product is seen as a significant opportunity for market share capture [44] - The strategy emphasizes digitalization and client engagement through a complete digital platform [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to thrive amid a secular shift in the banking industry, driven by digitalization and financial inclusion [7][10] - The management highlighted the importance of maintaining credit quality while pursuing growth, particularly in the context of inflation and high interest rates [58] - Future growth is expected to be supported by new product launches and improvements in credit modeling [58] Other Important Information - The company added 1 million new active clients, achieving a 57% activation rate [13] - The credit card portfolio is undergoing a reshaping process, with the participation of installments increasing from 7% to 9% [16] - The company surpassed 12 million clients in its loyalty program, which significantly enhances client engagement [20] Q&A Session Summary Question: Comments on the private payroll product and its impact - Management expressed excitement about the private payroll product, indicating a strong market demand and potential for significant market share capture in the future [42][44] - There was no impact from the new product in the first quarter [45] Question: Insights on NIM trajectory - The NIM growth is attributed to improved credit mix and rising interest rates on loan portfolios, with expectations for continued expansion [46][50] Question: Loan growth expectations and inflation impact - The company anticipates loan growth of 25% to 30% for the year, with no significant impact from inflation or interest rates expected [57][58] Question: Explanation for the decrease in net ARPAK - The decrease in net ARPAK was primarily due to seasonal factors affecting fees and the impact of the 4966 rule, which deferred certain fees [66] Question: Outlook on efficiency ratio and expense growth - The company aims to improve the efficiency ratio to 30% by 2027, with expectations for revenue growth to outpace expense growth [72][74] Question: Asset quality and NPL levels - Management indicated that the NPL levels will depend on the product mix, with expectations for continued improvement in asset quality [92][93] Question: Increase in stage two formation for credit cards - The increase in stage two was a result of the 4966 requirement, with no significant changes in performance or delinquency levels observed [99][100]