#Brazil #São Paulo #Itaú Unibanco #Itaúsa

Itaúsa Achieves Record Financial Performance in 2025

Itaúsa, Brazil's leading publicly-held investment holding company, reported impressive financial results for the year ending 2025. The company announced a record recurring net income of R$16.5 billion, marking an 11% increase compared to the previous year. This performance, supported by a consistent operational strategy and effective capital management, highlights Itaúsa's resilience amid challenging macroeconomic conditions characterized by high interest rates.

Year-End Highlights

In the fourth quarter alone, Itaúsa reported a recurring net income of R$4.4 billion, a remarkable 21% increase year-over-year. This surge was primarily driven by the robust performance of Itaú Unibanco, Itaúsa's flagship asset, along with significant contributions from non-financial investees. With a recurring return on equity (ROE) of 18.4%, the company's results illustrate diligent resource allocation and strong financial health.

The total shareholder return (TSR) for the year stood at an impressive 59%, a figure that outperformed other key market indicators. Alfredo Setubal, the CEO and Investor Relations Officer, emphasized the importance of financial discipline and governance as vital components for sustaining long-term value creation. “On the milestone of our 50th anniversary, achieving record results underscores our commitment to effective portfolio management and attractive shareholder returns,” Setubal stated.

Strong Performance of Investees

Itaúsa's investees collectively contributed to a recurring result of R$17.6 billion, up 12% from the previous year. Both financial and non-financial sectors displayed robust growth, with financial sectors like Itaú Unibanco seeing a 10% increase and non-financial sectors demonstrating an impressive 42% growth.

Itaú Unibanco has seen growth across all segments of its lending portfolio, maintaining low non-performing loan levels, managing credit costs efficiently, and achieving the lowest operational efficiency ratio in its history. Meanwhile, non-financial entities such as Aegea and Motiva reported significant revenue increases driven by tariff adjustments and expanded operational capacities, even with the impact of rising financial expenses linked to the Selic rate.

Liability Management and Capital Allocation

In line with its strong financial management strategy, Itaúsa achieved notable progress in its liability management by prepaying debts and restructuring its repayment profiles. This proactive approach resulted in lowered gross debt levels and a reduced average cost of capital. Additionally, Itaúsa's robust financial metrics led to reaffirmation of its 'AAA' rating by credit agencies, signifying the company's sound financial discipline.

Continuing its efficient capital allocation, Itaúsa announced in February 2026 an increase in its equity stake in Aegea, investing R$418.1 million to boost its total interest to 13.27%. This strategic move reflects Itaúsa's commitment to enhancing operational strengths across its investee companies.

Conclusion

As Itaúsa wraps up an exceptional 2025, its strategic focus on disciplined capital management and effective governance has not only set a new benchmark for its financial performance but also positioned it for sustainable growth. With nearly one million shareholders who trust in its vision, Itaúsa continues to play a critical role in shaping the economic landscape of Brazil, driving beneficial impacts for society and its stakeholders. The company's trajectory is a testament to its ability to adapt and thrive, regardless of the broader economic challenges.