Significant Growth in CAIXA's Recurring Net Income for 1H25 and 2Q25

CAIXA Reports Record Growth in Recurring Net Income

In a recent financial disclosure, CAIXA ECONÔMICA FEDERAL, Brazil's largest banking institution by clientele, credit offerings, and savings accounts, reported a significant increase in its recurring net income for the first half of 2025. The bank recorded a staggering R$8.9 billion in recurring net income, reflecting a remarkable year-over-year growth rate of 44.9%. In the second quarter alone, CAIXA achieved a recurring net income of R$3.7 billion, marking a solid 12% increase compared to the previous year.

The strong financial performance is underscored by an overall accounting net income of R$9.8 billion for 1H25, portraying a robust increase of 70.2% from the same period in the last year. This financial success has boosted the recurring Return on Equity (ROE) to 11.9% as of June 2025, an increase of 2.4 percentage points over the previous twelve months.

CAIXA's financial margin expanded to R$32.7 billion during the first half of 2025, showcasing a 6.3% growth from the previous year. The total assets of the bank reached an impressive R$2.1 trillion as of June 2025, a clear 11% increase year-over-year. Furthermore, the bank’s total loan portfolio climbed to R$1.294 trillion, reflecting a 10.1% rise.

Notable highlights include CAIXA's sustainable finance portfolio, which amounted to R$817.3 billion as of June 2025, signifying the bank's commitment to socially responsible lending practices. In terms of loan origination, CAIXA reported a total of R$159.7 billion in the second quarter of 2025, showing a slight increase of 0.4% from the previous year.

Mortgage loans continue to be a significant area for CAIXA, with the mortgage loan portfolio growing to R$875.5 billion, reflecting an 11.7% increase year-over-year. As of June 2025, CAIXA commands a remarkable 66.8% market share in the mortgage loan sector. However, it should be noted that mortgage loan origination declined by 5.6% in 1H25, totaling R$106.7 billion.

Infrastructure and sanitation projects also saw growth, with loans in this area reaching R$107.3 billion, an increase of 5.4% year-over-year. Additionally, payroll-deductible loans also witnessed a positive trend, amounting to R$107.7 billion, up 6.4% year-over-year, which represents 74.5% of the bank's individual commercial loan portfolio.

Agribusiness loans totaled R$60.5 billion in the first half of 2025, reflecting a 2.6% increase, demonstrating CAIXA's essential role in supporting the agricultural sector. The bank’s total funding sources amounted to R$1.634 trillion, representing a growth of 6.8% compared to the previous year.

With savings deposits reaching R$390.4 billion, CAIXA holds a 38.3% market share in this area, marking a 4.2% increase year-over-year. Despite the robust growth, the bank's delinquency rate stood at 2.66% as of June 2025, up by 0.46 percentage points year-over-year, reflecting the challenges the banking sector faces amid economic fluctuations.

The Basel ratio as of June 2025 remained favorable at 16.0%, with Tier I capital reported at 14.5%, continuing to exceed the required regulatory thresholds by a significant margin.

Future Outlook

Looking ahead, CAIXA's strong financial results signify a resilient banking institution capable of navigating the complexities of the financial market. Stakeholders and investors are encouraged to join a webcast discussing 2Q25's earnings on September 18, 2025, at 10:00 AM (Brasília time). Further insights and financial details can be accessed on CAIXA's investor relations page.

CAIXA's commitment to growth, sustainability, and supporting Brazil’s economy highlights the bank's pivotal role in the financial landscape, particularly as it continues to expand its services and strengthen its market position.