Core Insights - XP Inc. reported a strong performance in Q4 2025, with total client assets reaching approximately R$1.5 trillion, reflecting a 16% year-over-year growth and a 5% quarter-over-quarter increase [1][2] - The company emphasized its commitment to client-centric services, offering a range of service models that allow clients to choose according to their preferences, which is a key differentiator in the Brazilian market [1][2] - XP Inc. aims to democratize access to high-quality financial services, traditionally available only to high-net-worth individuals, thereby expanding its client base and enhancing long-term engagement [1][2] Financial Performance - Gross revenue for Q4 2025 was R$5.3 billion, a 12% increase year-over-year, with full-year gross revenue reaching R$19.5 billion, up 8% from 2024 [2][3] - Adjusted net income for Q4 2025 was R$1.3 billion, stable quarter-over-quarter and up 10% year-over-year, while the full-year adjusted net income hit a record R$5.2 billion, marking a 15% increase [2][3] - The company maintained a disciplined approach to capital management, with a BIS Ratio of 20.4% and a CET1 ratio of 17.3%, ensuring robust capital levels while executing share repurchases totaling R$1.9 billion [2][3] Client Metrics - Active clients grew to 4.8 million in Q4 2025, representing a 2% year-over-year increase, while total advisors connected to XP decreased slightly to 18,000 [2][3] - Total net inflow for Q4 2025 was R$32 billion, with retail net inflow also at R$20 billion, consistent with previous periods [2][3] - The company reported a Net Promoter Score (NPS) of 65 in Q4 2025, indicating strong customer satisfaction [2] Operational Highlights - The Wholesale Bank's performance was a key highlight, significantly contributing to the company's growth and enhancing its competitive advantage through integration with retail services [1][2] - The company continues to invest in technology and artificial intelligence to empower advisors, improve client relationships, and enhance service delivery [1][2] - XP Inc. is focused on continuous innovation and strengthening its core business, with plans to expand its sales force and enhance its client platform [1][2]