Itaú Unibanco (NYSE:ITUB) Q4 2025 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsCarlos Gomez-Lopez - Head of LatAm Financial InstitutionsMilton Maluhy Filho - CEOTito Labarta - VPNone - TranslatorConference Call ParticipantsJorge Kuri - AnalystNoneHello! Good morning, everyone. My name is Gustavo, and it is a pleasure to have you joining us for our fourth quarter 2025 earnings video conference. As always, Milton will walk you through our performance, and afterwards, we will have our tradit ...

Itaú Unibanco (NYSE:ITUB) Q4 2025 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsGustavo Rodrigues - Head of Investor RelationsMilton Maluhy Filho - CEONone - TranslatorGustavo RodriguesHello! Good morning, everyone. My name is Gustavo, and it is a pleasure to have you joining us for our fourth quarter 2025 earnings video conference. As always, Milton will walk you through our performance, and afterwards, we will have our traditional Q&A session, in which analysts and investors will be able ...

Itaú Unibanco (NYSE:ITUB) Q4 2025 Earnings call February 05, 2026 08:00 AM ET Speaker0Hello! Good morning, everyone. My name is Gustavo, and it is a pleasure to have you joining us for our fourth quarter 2025 earnings video conference. As always, Milton will walk you through our performance, and afterwards, we will have our traditional Q&A session, in which analysts and investors will be able to interact directly with us. Before handing the floor over to Milton, I would like to share a few instructions to h ...

São Paulo, February 5 th, 2026 Structural evolution 40% credit portfolio growth | 2021→2025 19.3% 20.3% 21.0% 22.2% 23.4% 44.0% 41.2% 39.9% 39.5% 38.8% 17.5 20.6 23.3 24.8 28.3 9.3 10.2 12.3 16.6 18.5 26.9 30.8 35.6 41.4 46.8 2021 2022 2023 2024 2025 ROE Efficiency R$ billion Managerial recurring results Value creation Cost of capital 2x +Value Creation 2021→ 2025 (1) Figures before taxes. Includes shares repurchase of R$3 billion, related to 2024 results distribution. 2 Results distribution¹ 2021→2025 >>> ...

Core Insights - Sustainable Green Team, Ltd. (SGTM) has launched the first closed-loop operating system for converting organic waste into monetized outputs, ensuring transparency through blockchain technology [1][4] - The company has filed 25 new U.S. provisional patents in the last 60 days, bringing its total to over 35 intellectual property assets, creating a strong defensive position in the regenerative resources sector [2] - SGTM's products, including premium regenerative soils and carbon removal credits, are now available nationwide through Amazon, with plans for global scaling in 2026 [3][6] Group 1: Product and Technology - The closed-loop operating system converts organic waste into two outputs: premium soils and carbon credits, with all transactions recorded on blockchain for transparency [1] - The company has developed proprietary technologies, including the Mobile Waste Diversion Oracle™ for real-time landfill avoidance verification and unique biochar formulations [7] Group 2: Intellectual Property - SGTM's intellectual property portfolio includes trademarks and blockchain verification protocols, with a focus on protecting innovative processes like the Tree Survival Upgrade Protocol™ [2] - The combination of patents and blockchain technology creates a robust defensive moat, making SGTM's platform difficult to replicate [2] Group 3: Market Strategy - The company is actively seeking regional partners and co-packers through a licensing portal, indicating a strategy for rapid expansion and collaboration [3] - A Super App is set to enter controlled release in January 2026, further enhancing SGTM's market presence [3]

User Base & Market Penetration - Naver boasts 39 million users [1] - UpBit has 9 million registered users [1] - UpBit's user base represents approximately 23% of Naver's user base (9 million / 39 million) [1] Strategic Move & Industry Impact - Naver is consolidating UpBit into a single South Korean "Super App", which is perceived as bullish for the cryptocurrency market [1] - The integration of UpBit into Naver's "Super App" aims to facilitate trading, payments, and daily living functionalities [1] - The acquisition and integration of UpBit by Naver, one of South Korea's largest corporations, signifies a major step towards mainstream adoption of cryptocurrency [1]

Summary of Itaú Unibanco (ITUB) 2025 Investor Day Company Overview - **Company**: Itaú Unibanco - **Event**: 2025 Investor Day - **Date**: September 02, 2025 - **Location**: São Paulo, Brazil Key Points Industry Dynamics - The financial sector is undergoing profound changes, necessitating adaptability and a culture that embraces change [5][6][9] - The importance of technology in banking is emphasized, with a focus on banking inclusion and improved service quality [14][15][20] Company Culture and Adaptability - Itaú Unibanco's culture is seen as a competitive advantage, allowing the bank to adapt to changes and remain contemporary [5][6][10] - The bank has a history of transformation, with a commitment to continuous learning and curiosity [12][30] Technology Integration - Technology is integral to the bank's long-term strategy, enabling hyper-personalization and improved client service [17][20] - The bank has over 17,000 employees in technology roles, highlighting its commitment to tech-driven growth [21] - Generative AI is being tested for various applications, including auditing and client interactions, enhancing productivity and service quality [22][24] Client Experience and Engagement - The launch of the Super App has seen significant client engagement, with 10 million users and a high Net Promoter Score (NPS) of over 80 [19][20] - The bank has launched over 19 new products recently, contributing to a 25% increase in Super App usage [42] Risk Management - Risk management is viewed as a competitive advantage, with a proactive approach that influences the entire organization [63][64] - The integration of AI in risk management has led to significant productivity gains, with data scientists becoming up to seven times more productive [67][69] Efficiency and Cost Management - The bank has seen a consistent improvement in its efficiency ratio, which has decreased from 69% in 1994 to 39% in 2024 [128] - Technology investments have led to a 40% reduction in transactional costs on a deflated basis over the last decade [130] - The bank's total costs have decreased by 12% over the past ten years, while maintaining stable returns on equity (ROE) [132] Future Outlook - The bank is optimistic about navigating political and economic uncertainties, emphasizing the importance of adaptability and a strong culture [25][27] - Itaú Unibanco aims to continue evolving and investing in technology to meet client needs and enhance service delivery [48] Communication Strategy - The bank's communication strategy has evolved to focus on client needs and experiences, integrating brand, product, and client interactions [94][96] - The "It's Done" campaign has reached over 130 million views, reflecting the bank's commitment to effective communication [98] Sustainability and Social Responsibility - The bank aims to support clients through climate transitions and establish long-term relationships with stakeholders [45] Additional Insights - The bank's cultural transformation is ongoing, with a focus on ethics, client focus, and results [62] - The integration of AI and data analytics is expected to drive further efficiency and enhance client experiences across all departments [116][120] This summary encapsulates the key discussions and insights from the Itaú Unibanco 2025 Investor Day, highlighting the bank's strategic focus on technology, culture, client experience, and risk management as it navigates the evolving financial landscape.

Financial Data and Key Metrics Changes - The company reported a net income of R11.5 billion, representing a 3.4% increase quarter over quarter and a 14.3% increase year over year [5] - The consolidated Return on Equity (ROE) reached 23.3%, expanding both quarter over quarter and year over year, with Brazil's ROE at 24.4% [6] - Net Interest Income (NII) with clients increased by 3.1% over the previous quarter and 15.4% year over year, while the Net Interest Margin (NIM) expanded to 9.2% on a consolidated basis [7][20] Business Line Data and Key Metrics Changes - The individual loan book grew by 8.0% year over year and 0.7% in the quarter, with credit card loans increasing by 1.6% quarterly [9] - The mortgage loan book grew by 2.1% in the quarter and 17.2% year over year, while the SME loan portfolio grew by 0.8% in the quarter [13] - The finance credit card portfolio grew by 5.4% in the quarter and 6.1% year over year, with 100% of annual growth coming from the Uniclass and Personality segments [15] Market Data and Key Metrics Changes - The total credit portfolio grew by 0.4% in the quarter, and excluding foreign exchange impacts, it would have grown by 1.3% [14] - The loan book in Brazil grew by 1%, while in Latin America, the portfolio declined by 2.3% due to the appreciation of the Brazilian real against other currencies [13] Company Strategy and Development Direction - The company is focused on digital acceleration and the One Itau initiative, with over 10 million clients migrated to the platform and a Net Promoter Score (NPS) of 80 points [44] - The strategy emphasizes a holistic view of client relationships rather than merely increasing market share, focusing on delivering value through personalized offerings [60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the bank's ability to generate capital organically and maintain strong credit quality despite potential increases in non-performing loans (NPL) [32] - The company reaffirmed its guidance for credit portfolio growth and updated expectations for NII with clients' growth to between 11% and 14% [41][42] Other Important Information - The company reported an 8.7% increase in non-interest expenses in Brazil compared to the previous year, with personnel and transactional expenses well controlled [37] - The efficiency ratio improved to 36.4% in Brazil for the first half of 2025, down from 37% in 2024, indicating better operational efficiency [39] Q&A Session Summary Question: Discussion on market share and strategy - Management emphasized that market share is a consequence of focusing on the right clients and providing a holistic view of relationships rather than a primary objective [60] Question: Initiatives for finance credit portfolio growth - Management highlighted the importance of product offerings and client journey improvements, noting that the finance credit card portfolio is expanding due to personalized offerings [66] Question: Extraordinary expenses and efficiency targets - Management clarified that the extraordinary expenses were non-recurring and part of a broader strategy to improve efficiency and digital transformation [75] Question: Stabilization of checking account revenue - Management acknowledged the decline in checking account revenue but emphasized strong transactionality in retail and the need to re-signify service packages [86] Question: Profitability of wholesale vs retail segments - Management noted that retail profitability is improving due to better credit management and digital initiatives, while wholesale profitability remains strong [99]