Inter&Co上半年淨利潤增35.6% 客戶總數達4,530萬

EX-99.1
2
a062026_en-isa.htm
EX-99.1

Document
EXHIBIT 99.1

 
Interim condensed consolidated financial statements 
June 30, 2026

Interim Condensed Consolidated Financial Information

Management Statement
2

Independent Auditors' Report on Consolidated Financial Information
4

Interim condensed consolidated financial position
6

Interim condensed consolidated statements of income
7

Interim condensed consolidated statements of comprehensive income
8

Interim condensed consolidated cash flow statements
9

Interim condensed consolidated statements of changes in equity
10

Explanatory Notes to the Condensed Consolidated Interim Financial Information
11

Note 1
Activity and structure of Inter & Co, Inc. and its subsidiaries
11

Note 2
Basis for preparation
11

Note 3
New Accounting Standards Recently Issued
13

Note 4
Material accounting policies
14

Note 5
Operating segments
15

Note 6
Financial risk management
18

Note 7
Fair value of financial assets and liabilities
28

Note 8
Cash and cash equivalents
31

Note 9
Amounts due from financial institutions, net of provisions for expected credit losses
31

Note 10
Securities, net of provisions for expected credit losses
32

Note 11
Derivative financial instruments
34

Note 12
Loans and advances to customers, net of provisions for expected credit losses
39

Note 13
Property and equipment
42

Note 14
Intangible assets
43

Note 15
Other assets
44

Note 16
Deposits from customers
44

Note 17
Deposits from banks 
44

Note 18
Securities issued
45

Note 19
Borrowings and on-lending
45

Note 20
Tax liabilities
45

Note 21
Provisions and contingent liabilities
45

Note 22
Other liabilities
47

Note 23
Equity
47

Note 24
Net interest income
49

Note 25
Income from securities, derivatives and foreign exchange
49

Note 26
Net revenues from services and commissions
50

Note 27
Other revenues
50

Note 28
Impairment losses on financial assets
50

Note 29
Administrative expenses
50

Note 30
Personnel expenses
51

Note 31
Tax expenses
51
Note 32
Current and deferred income tax and social contribution
51

Note 33
Share-based payment
53

Note 34
Transactions with related parties
57

Note 35
Subsequent events
58

Note 36Other information
58

1

 
Interim condensed consolidated financial statements 
June 30, 2026

Management Statement
Inter&Co
Inter&Co, Inc. (Inter&Co, the Company, and, together with its consolidated subsidiaries, Grupo Inter, Grupo or Inter) is a holding company incorporated in the Cayman Islands with limited liability. The Company has its shares listed on the Nasdaq, the US stock exchange, under the ticker INTR, and its BDRs listed on the B3 under the ticker INBR32. Inter&Co is the controlling company of Grupo Inter and indirectly holds all the shares of Banco Inter S.A.
Inter
Inter provides financial and e-commerce services, with features offered in a financial super app that includes banking, investments, credit, insurance, and cross-border services, as well as a marketplace that brings together the best retailers from Brazil and the United States.
In compliance with the provisions of Article 133 of Law No. 6,404/1976, as amended by Law No. 15,177 of July 23, 2025, Banco Inter S.A. adopts policies and practices aimed at promoting equity, diversity, and equal opportunities in the corporate environment.
Banco Inter S.A. has internal policies and human resources management guidelines that ensure objective, transparent, and non-discriminatory criteria for hiring, development, compensation, and filling positions, including management positions, observing best corporate governance practices and applicable legislation.
Operating highlights
Customers
As of June 30, 2026 we achieved a total of 45.3 million customers. The activation rate reached 58.3%, an increase of 0.6 percentage points when compared to June 30, 2025.
Loan Portfolio
The balance of loan operations reached R$51.9 billion, representing a positive variation of 7.6% compared to December 31, 2025. 
Fundraising
Total funding, which includes demand deposits, term deposits, savings deposits and securities issued, such as real estate credit notes, secured real estate notes and financial notes, totaled R$72.9 billion, 5.6% higher than the amount recorded on December 31, 2025.
Economic and financial highlights
Net income
As of June 30, 2026, the net profit of the controlling shareholders was R$815.9 million, representing an increase of 35.6% compared to the same period in 2025. 
Revenues
As of June 30, 2026, revenues reached R$5.1 billion, marking an increase of 32.2% compared to the same period in 2025.
Administrative expenses and Personnel
As of June 30, 2026, administrative and personnel expenses totaled R$1.8 billion, an increase of 17.2% compared to the same period in 2025.

2

 
Interim condensed consolidated financial statements 
June 30, 2026

Equity highlights
Total assets
Total assets reached R$102.9 billion as of June 30, 2026, an increase of 4.4% compared to December 31, 2025.
Shareholder’s equity
Shareholder’s equity totaled R$10.6 billion, a growth of 2.3% compared to December 31, 2025. 
Relationship with the independent auditors
The Company informs that it has a policy with requirements for contractual risk analysis, which defines that the Board of Directors must evaluate the transparency, objectivity, governance aspects, and commitment to the independence of the contracting process, thus ensuring compliance between the parties involved. Additionally, it has an Audit Committee which, among its responsibilities and competencies, in addition to providing opinions and recommendations on the audit service provider, also evaluates the effectiveness of independent and internal audits, including verifying compliance with legal and regulatory provisions applicable to Inter, as well as internal policies and codes.
Furthermore, Inter&Co, Inc. confirms that KPMG Auditores Independentes Ltda. has procedures, policies, and controls in place to ensure its independence, which include an assessment of the work performed, encompassing any service that is not an independent audit of the consolidated financial statements. This assessment is based on applicable regulations and accepted principles that preserve auditor independence. The acceptance and performance of professional services unrelated to the audit of the financial statements by the independent auditors during the period ended June 30, 2026, did not affect the independence and objectivity in the conduct of the audit examinations performed at Inter&Co, Inc. Information regarding the independent auditors' fees is made available annually in the reference form.
Acknowledgments
We would like to thank our shareholders, customers, and partners for their trust, as well as each of our employees who build our history each day.
Belo Horizonte, August 5, 2026.
The Management.

3

4

5

 
Interim condensed consolidated financial positionAs of June 30,2026 and December 31,2025(Amounts in thousands of Brazilian reais, unless otherwise stated)

Note06/30/202612/31/2025
Assets
Cash and cash equivalents83,106,104 3,801,513 
Amounts due from financial institutions, net of provisions for expected credit losses95,187,084 4,600,218 
Deposits at Central Bank of Brazil8,488,431 7,867,658 
Securities, net of provisions for expected credit losses1029,590,658 29,010,323 
Derivative financial instruments1118,536 58,915 
Loans and advances to customers, net of provisions for expected credit losses1248,356,876 45,251,104 
Property and equipment13356,205 381,404 
Intangible assets142,135,320 2,023,939 
Deferred tax assets32.c2,042,192 1,789,304 
Other assets153,630,116 3,827,140 
Total assets102,911,522 98,611,518 

Liabilities
Deposits from customers
1656,696,688 54,883,084 
Deposits from banks 
1715,527,374 14,585,704 
Securities issued1816,179,982 14,127,144 
Derivative financial instruments1123,597 54,114 
Borrowings and on-lending19831,651 817,495 
Tax liabilities20309,732 815,527 
  Income tax and social contribution183,142 675,438 
  Other tax liabilities126,590 140,089 
Provisions21205,475 265,455 
Deferred tax liabilities32.c46,258 40,923 
Other liabilities222,457,206 2,629,110 
Total liabilities92,277,963 88,218,556 

Equity
Share capital23.a13 13 
Reserves23.b11,544,879 10,971,176 
Other comprehensive loss23.c(1,019,646)(801,600)
Equity attributable to owners of the Company10,525,246 10,169,589 
Non-controlling interest23.f108,313 223,373 
Total equity10,633,559 10,392,962 

Total liabilities and equity102,911,522 98,611,518 

The notes are an integral part of the consolidated condensed interim financial information

6

 
Interim condensed consolidated statements of income
Quarters and semesters ending June 30, 2026 and 2025
(Amounts in thousands of Brazilian reais, except for earnings per share)

QuarterSemester
Note06/30/202606/30/202506/30/202606/30/2025
Interest income242,604,872 2,128,214 5,174,322 3,935,084 
Interest expenses24(1,811,448)(1,423,958)(3,562,928)(2,602,978)
Income from securities, derivatives and foreign exchange251,250,510 765,251 2,314,290 1,499,995 
Net interest income and income from securities, derivatives and foreign exchange2,043,934 1,469,507 3,925,684 2,832,101 

Net revenues from services and commissions26531,679 495,128 1,027,712 955,052 
Expenses from services and commissions(45,896)(42,997)(91,635)(83,808)
Other revenues27106,199 81,444 215,141 137,537 
Revenues2,635,916 2,003,082 5,076,902 3,840,882 

Impairment losses on financial assets28(860,432)(569,249)(1,641,700)(1,082,930)
Revenues net of impairment losses on financial assets1,775,484 1,433,833 3,435,202 2,757,952 

Administrative expenses29(622,587)(540,030)(1,240,485)(1,068,230)
Personnel expenses30(302,984)(256,765)(587,761)(491,638)
Tax expenses31(228,779)(176,880)(415,338)(312,936)
Depreciation and amortization(110,323)(76,631)(203,690)(144,076)
Profit before income tax510,811 383,527 987,928 741,072 

Income tax32(65,126)(51,361)(124,697)(102,120)

Net income attributable to shareholders of the company and non-controlling interests445,685 332,166 863,231 638,952 
Non-controlling interest(24,576)(17,035)(47,335)(37,232)
Net income attributable to shareholders of the company421,109 315,131 815,896 601,720 

Earnings per share (in Brazilian Reais – BRL)
Basic earnings per share 23.e0.95 0.72 1.85 1.37 
Diluted earnings per share23.e0.94 0.71 1.82 1.36 

The notes are an integral part of the consolidated condensed interim financial information

7

 
Interim condensed consolidated statements of comprehensive incomeQuarters and semesters ending June 30, 2026 and 2025(Amounts in thousands of Brazilian reais, unless otherwise stated)

QuarterSemester
06/30/202606/30/202506/30/202606/30/2025

Net income attributable to shareholders of the company421,109 315,131 815,896 601,720 
Non-controlling interest24,576 17,035 47,335 37,232 
Net income attributable to shareholders of the company and non-controlling interests445,685 332,166 863,231 638,952 

Items that are or may be subsequently reclassified to the result

Changes in fair value - financial assets at FVOCI(66,087)204,463 (120,401)216,410 
Tax effect33,628 (76,935)49,528 (120,996)
Net change in fair value - financial assets at FVOCI(32,459)127,528 (70,873)95,414 

Hedge of investments abroad
(29,596)63,279 30,184 151,563 
Tax effect(3,299)(32,124)(26,753)(67,259)
Investment hedge in foreign operations(32,895)31,155 3,431 84,304 

Cash flow hedge— (13,504)17,906 (16,980)
Tax effect— 7,826 (8,057)7,641 
Cash flow hedge— (5,678)9,849 (9,339)

Foreign exchange differences on the translation of foreign operations(33,359)(84,133)(160,453)(188,645)

Other comprehensive income (loss) that may be reclassified subsequently to the Statements of income (98,713)68,872 (218,046)(18,266)

Total comprehensive income for the year346,972 401,038 645,185 620,686 

Allocation of comprehensive income
To shareholders of the company322,396 384,003 597,850 583,454 
To non-controlling interest24,576 17,035 47,335 37,232 

The notes are an integral part of the consolidated condensed interim financial information

8

 
Interim condensed consolidated cash flow statements
Quarters and semesters ending June 30, 2026 and 2025
(Amounts in thousands of Brazilian reais, unless otherwise stated)

Note06/30/202606/30/2025
Operating activities
Net income attributable to shareholders of the company815,896 601,720 
Non-controlling interest47,335 37,232 
Adjustments to profit (loss)
Depreciation and amortization203,690 144,076 
Impairment losses on financial assets281,641,700 1,082,930 
Expenses with provisions for contingencies21.a36,531 27,797 
Provisions/ (Reversals) for loss of assets— (32,497)
Capital gains (losses)27449 (13)
Income tax and social contribution32.a124,697 102,120 
Provision for performance fees27(19,274)(20,783)
Effect of the exchange rate variation on cash and cash equivalents25(36,630)(33,440)

(Increase)/ decrease in:
Deposits at Central Bank of Brazil(620,773)(894,260)
Loans and advances to customers(4,817,408)(5,413,468)
Amounts due from financial institutions(607,817)1,237,410 
Securities(2,466,126)(276,999)
Derivative financial instruments40,379 (127)

Other assets249,463 (145,565)
Increase/ (decrease) in:
Deposits from customers1,813,604 3,864,114 
Deposits from banks941,670 2,565,570 
Securities issued2,052,838 1,488,040 
Derivative financial instruments17,573 97,728 
Borrowings and on-lending14,156 443,633 
Tax liabilities(533,729)(67,198)
Provisions(30,767)(26,845)
Other liabilities(342,404)(628,039)
Income tax paid(335,718)(248,364)
Net cash from (used in) operating activities(1,810,665)3,904,772 

Cash flow from investing activities
(Acquisition) of property and equipment(21,715)(53,065)
(Acquisition) of intangible assets(270,197)(249,420)
(Acquisition) of financial assets at fair value through other comprehensive income(4,266,564)(2,320,325)
Proceeds from sale of financial assets at FVOCI6,060,974 2,924,877 
(Acquisition) of financial assets at amortized cost(15,179)(211,612)
Proceeds from sale of financial assets at amortized cost13,285 10,858 
Net cash from (used in) investing activities1,500,604 101,313 

Cash flow from financing activities
Capital increase— 33,049 
Dividends and interest on shareholders' equity paid(297,490)(233,787)
Repurchase of treasury shares— (27,110)
Resources to non-controlling shareholders(124,488)(85,946)
Net cash from (used in) financing activities(421,978)(313,794)

Increase/(Decrease) in cash and cash equivalents(732,039)3,692,291 
Cash and cash equivalents at the beginning of the period83,801,513 1,108,394 
Effect of the exchange rate variation on cash and cash equivalents36,630 33,440 
Cash and cash equivalents at the end of the period3,106,104 4,834,125 

The notes are an integral part of the consolidated condensed interim financial information

9

 
Interim condensed consolidated statements of changes in equity
As of June 30,2026 and December 31,2025
(Amounts in thousands of Brazilian reais, unless otherwise stated)

Share capitalReservesOther comprehensive incomeRetained earnings /accumulated lossesTreasury sharesEquity attributable to owners of the CompanyNon-controlling interestTotal equity
Balance as of December 31, 202413 9,793,992 (898,830)— — 8,895,175 177,132 9,072,307 
Profit for the period— — — 601,720 — 601,720 37,232 638,952 
Proposed allocations:
Constitution/ reversal of reserves— 601,720 — (601,720)— — — — 
Capital increase— 33,049 — — — 33,049 — 33,049 
Interest on equity / dividends— (203,593)— — — (203,593)(30,194)(233,787)
Foreign exchange differences on the translation of foreign operations— — (188,645)— — (188,645)— (188,645)
Gains and losses - Hedge— — 74,965 — — 74,965 — 74,965 
Net change in fair value - financial assets at FVOCI— — 95,414 — — 95,414 — 95,414 
Share-based payment transactions— (27,110)— — 27,110 — — — 
Reflex reserve— 8,633 — — — 8,633 — 8,633 
Repurchase of treasury shares— — — — (27,110)(27,110)— (27,110)
Others— — — — — — (85,946)(85,946)
Balance as of June 30, 202513 10,206,691 (917,096)— — 9,289,608 98,224 9,387,832 

Balance as of December 31, 202513 10,971,176 (801,600)— — 10,169,589 223,373 10,392,962 
Profit for the period— — — 815,896 — 815,896 47,335 863,231 
Proposed allocations:
Constitution/ reversal of reserves— 815,896 — (815,896)— — — — 
Interest on equity / dividends— (259,583)— — — (259,583)(37,907)(297,490)
Foreign exchange differences on the translation of foreign operations— — (160,453)— — (160,453)— (160,453)
Gains and losses - Hedge— — 13,280 — — 13,280 — 13,280 
Net change in fair value - financial assets at FVOCI— — (70,873)— — (70,873)— (70,873)
Share-based payment transactions— 2,601 — — — 2,601 — 2,601 
Reflex reserves— 14,789 — — — 14,789 — 14,789 
Others— ——— — —(124,488)(124,488)
Balance as of June 30, 202613 11,544,879 (1,019,646)— — 10,525,246 108,313 10,633,559 

The notes are an integral part of the consolidated condensed interim financial information

10

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

Notes to the interim condensed consolidated financial statement
(Amounts in thousands of Brazilian reais, unless otherwise stated)

1.Activity and structure of Inter & Co, Inc. and its subsidiaries
Inter&Co, Inc. ("Inter&Co", "Grupo Inter", or "Company") is the holding company of Grupo Inter, incorporated in the Cayman Islands, a limited liability company exempt from taxation and registered as a foreign issuer with the U.S. Securities and Exchange Commission ("SEC") and the Brazilian Securities and Exchange Commission (CVM).
Inter&Co's Class A common shares are traded on Nasdaq under the ticker symbol "INTR," and the depositary receipts backed by these shares (Level II BDRs) are publicly traded on B3 - Brasil, Bolsa e Balcão under the ticker symbol "INBR32."
As of June 30, 2026, its main operating subsidiaries were:
•Inter Holding Financeira S.A.: a direct subsidiary domiciled in Brazil, whose main activity is to hold 100% of the share capital of Banco Inter S.A. (Banco Inter).
•Inter Marketplace Intermediação de Negócios e Serviços Ltda.: a directly owned subsidiary in Brazil whose purpose is to operate the Group's marketplace platform, connecting customers to a wide range of non-financial third-party products and services. Its main products include an e-commerce marketplace, gift card offerings, telephony services via Mobile Virtual Network Operator (MVNO) Inter Cel, airline ticket sales, among others.
•Inter US Holding Inc.: is a direct subsidiary domiciled in the United States. Its purpose is to coordinate the Group's North American operations.
Inter&Co and all its subsidiaries are presented collectively as the "Group" or "Inter," reflecting the integrated operations of the economic conglomerate.
Operating as a digital platform for individuals and businesses, Inter offers a wide range of integrated financial services and solutions in a Super App, such as: credit cards, checking accounts, investments, insurance, mortgage loans, payroll loans, business loans, and a marketplace for non-financial services, among others. Operations are conducted in an integrated manner through the Super App, providing customers with a unified digital experience for managing their finances and daily activities.

2.Basis for preparation
a.Compliance statement
The Group's consolidated condensed interim financial information has been prepared in accordance with IAS 34 – Interim Financial Reporting, issued by the International Accounting Standards Board (IASB).
These consolidated interim financial statements have been prepared following a basis of preparation and accounting policies consistent with those adopted in the preparation of the consolidated financial statements of Inter & Co, Inc., as of December 31, 2025, and are therefore intended only to provide an update of the content of the latest financial statements and should be read as a whole, in accordance with IAS 34.
This consolidated condensed interim financial information was authorized for issuance by the Board of Directors on August 5, 2026.

11

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

b.Functional and presentation currency
The consolidated condensed interim financial information is presented in Brazilian reais (R$). The functional currency of the Group companies is shown in explanatory note 4a, reflecting the currency in which the prices of goods and services are determined and generally settled. All amounts have been rounded to the nearest thousand, unless otherwise indicated.
c.Use of estimates and judgments
In preparing the consolidated condensed interim financial information, Management used judgment, estimates and assumptions that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed continuously and the impacts of changes in estimates are recognized prospectively. The main significant judgments made by management in applying the Group's accounting policies and the sources of uncertainty in the estimates are described below:
Judgments
Information about judgments made in applying accounting policies that have the most significant effects on the amounts recognized in the financial statements is included in the following notes:
•Basis for consolidation (see note 4a): whether Inter&Co has actual control over an investment;
•Classification of financial assets (see notes 6 and 7): whether such assets meet the criteria for payment of principal and interest only (SPPJ test) and their respective classification (amortized cost, fair value through comprehensive income, or fair value through profit or loss); and
•Equity method: if Inter&Co has significant influence over an investee.
Estimates
Estimates carry a significant risk and could materially affect the values of assets and liabilities in future periods, and actual results may differ from those based on such estimates. The main items susceptible to impacts from estimates are disclosed below and are related to the following explanatory notes:
•Classification of financial assets (see notes 6 and 7): assessment of the business model in which the assets are held and assessment of whether the contractual terms of the financial asset refer only to principal and interest payments (SPPJ test);
•Business combination (see note 4b): determination of the fair values of assets acquired and liabilities assumed in business combinations;
•Impairment test of intangible assets and goodwill (see note 14): for the purposes of recoverability testing, each investee entity was considered a cash-generating unit (“CGU”);
•Deferred tax asset (see note 32): the expectation of realizing the deferred tax asset is based on projections of future taxable profits and other technical studies;
•Provision for expected credit losses (see notes 12d and 21): the measurement of provisions for expected credit losses on financial assets measured at amortized cost, credit commitments, receivables and financial guarantees provided, requires the use of complex quantitative models and assumptions about future macroeconomic conditions and credit behavior. Several significant judgments are also necessary to apply the accounting requirements for measuring expected credit loss, such as: determining the criteria for assessing a significant increase in credit risk; selecting appropriate quantitative models and assumptions to measure expected credit loss; and establishing different prospective scenarios and their weighting, among others; and.
•Provisions (see note 21): recognition and measurement of provisions, including provisions for legal proceedings. The main assumptions considered relate to the probability and magnitude of resource outflows.

12

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

3.New accounting standards recently issued
New or revised accounting pronouncements adopted in 2026
The following standards, new or revised, have been issued by the IASB and adopted by the Group for the periods covered by this consolidated condensed interim financial information.
•Changes to IFRS 9 – Financial Instruments and IFRS 7 – Financial Instruments Disclosures: issued in May 2024, the changes and clarifications relate to the write-off of financial liabilities through electronic systems, assessment of the contractual characteristics of cash flow in the classification (SPPI Test), such as: financial assets linked to ESG (Environmental, Social and Governance) among other financial instruments. In addition, further disclosures were included regarding equity instruments designated at fair value through other comprehensive income and financial instruments linked to contingent events. Management did not identify any relevant impacts on its consolidated condensed interim financial information, considering the instruments currently recognized by the Group.
•Changes to IFRS 7 – Derecognition Gains and Losses: the changes aim to: disclose deferred differences between fair value and transaction price, and change the classification and measurement of financial instruments, effective from January 1, 2026. Management has not identified any significant impacts on its consolidated condensed interim financial information, considering the instruments currently recognized by the Group.
•Changes to IAS 7 – Statement of Cash Flows: the main change refers to the clarification of paragraph 37, establishing that, when accounting for an investment in an associate, a joint venture, or a subsidiary using the equity method or the cost method, the investor restricts its presentation in the statement of cash flows to cash flows between itself and the investee, for example, dividends and advances. Effective from January 1, 2026. Management has not identified any significant impacts of these changes on its consolidated condensed interim financial information.
•Changes to IFRS 10 – Consolidated Financial Statements: this aims to define control and provide guidance for the transition after the application of the new concept, as well as clarifications regarding the sale or contribution of assets between related entities, effective from January 1, 2026. Management has not identified any significant impacts of these changes on its consolidated condensed interim financial information.
•Changes to IFRS 9 – Financial Instruments: includes clarifications regarding the derecognition of lease liabilities and their implications, effective from January 1, 2026. Management has not identified any significant impacts from these changes on its consolidated condensed interim financial information.
Other new rules and interpretations have been issued, but have not yet come into effect
•IFRS 18 - Presentation and Disclosure in Financial Statements: issued in April 2024, it replaces IAS 1 and introduces additional requirements for financial statements with the aim of improving information for shareholders. It defines three categories for income and expenses: operating, investing, and financing, in addition to including new subtotals. The standard also provides guidance on the disclosure of performance indicators defined by Management and sets specific requirements for companies in the banking and insurance sectors. IFRS 18 will come into effect on January 1, 2027, and Management is evaluating the effects of adopting this standard on the Group's consolidated condensed interim financial information.
•IFRS 19 – Subsidiaries without Public Responsibility - Disclosures: issued in May 2024, the standard defines that a subsidiary without public liability may provide reduced disclosures when applying IFRS accounting standards to its financial statements. The standard is optional for eligible subsidiaries and establishes the disclosure requirements for subsidiaries that choose to apply it. IFRS 19 will come into effect on January 1, 2027, and Management is evaluating the effects of adopting this standard.

13

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

•Changes to IAS 28 – Investments in Associates and Jointly Controlled Entities: the amendment clarifies the eligibility criteria for using the fair value through profit or loss measurement option for investments in associates and joint ventures by entities whose main activity is investing in assets. The amendment will take effect on January 1, 2027. Management is evaluating the impacts of adopting this amendment on the Group's consolidated financial statements.

4.Material accounting policies
The main accounting practices adopted in the preparation of this consolidated condensed interim financial information are the same as those disclosed in the consolidated financial statements for the year ended December 31, 2025.
Basis for consolidation
The table below shows the shareholdings held in the subsidiaries:

EntityBranch of ActivityFunctional currencyCountryShare in the capital (%)
06/30/202612/31/2025
Direct subsidiaries
Inter Holding de Participações Ltda.Holding CompanyBRLBrazil100.00 %100.00 %
INTRGLOBALEU Serviços Administrativos, LDA Holding CompanyEURPortugal100.00 %100.00 %
Inter US Holding, Inc,Holding CompanyUS$USA100.00 %100.00 %
Inter Holding Financeira S.A.Holding CompanyBRLBrazil100.00 %100.00 %
Inter Marketplace Intermediação de Negócios e Serviços Ltda.MarketplaceBRLBrazil100.00 %100.00 %
Landbank Fundo de Investimento em Direitos Creditórios de Responsabilidade LimitadaInvestment FundBRLBrazil100.00 %100.00 %
Inter Solutions Ltda.Provision of servicesBRLBrazil100.00 %100.00 %
Inter Digital Assets – Sociedade Prestadora de Serviços de Ativos Virtuais Ltda.Virtual Asset BrokerageBRLBrazil100.00 %100.00 %

Indirect subsidiaries
Banco Inter S.A. (a)Multiple BankBRLBrazil100.00 %100.00 %
Inter Distribuidora de Títulos e Valores Mobiliários Ltda. Securities brokerBRLBrazil100.00 %100.00 %
Inter Digital Corretora e Consultoria de Seguros S.A.Insurance brokerBRLBrazil60.00 %60.00 %
TBI Fundo De Investimento Renda Fixa Credito PrivadoInvestment FundBRLBrazil100.00 %100.00 %
Spark Fundo de Investimento Financeiro Multimercado Crédito Privado Investimento no ExteriorInvestment FundBRLBrazil100.00 %100.00 %
IG Fundo de Investimento Renda Fixa Crédito Privado Investment FundBRLBrazil100.00 %100.00 %
Inter Simples Fundo de Investimento em Direitos Creditórios Multissetorial Investment FundBRLBrazil97.25 %97.86 %
Acerto Cobrança e Informações Cadastrais S.A. (b)Provision of servicesBRLBrazil100.00 %60.00 %
Inter&Co Payments, Inc Provision of servicesUS$USA100.00 %100.00 %
Inter Asset Gestão de Recursos Ltda. (c)Asset managementBRLBrazil99.91 %70.87 %
Inter Café Ltda.Provision of servicesBRLBrazil100.00 %100.00 %
Inter Boutiques Ltda.Provision of servicesBRLBrazil100.00 %100.00 %
Inter Food Ltda.Provision of servicesBRLBrazil70.00 %70.00 %
Inter Viagens e Entretenimento Ltda. Provision of servicesBRLBrazil100.00 %100.00 %
Inter Conectividade Ltda. Provision of servicesBRLBrazil100.00 %100.00 %
Inter Management, LLC Provision of servicesUS$USA100.00 %100.00 %
Inter US Finance, LLC Provision of servicesUS$USA100.00 %100.00 %
Inter Securities LLCProvision of servicesUS$USA100.00 %100.00 %
Inter Tecnologia e Serviços Financeiros Ltda.Provision of servicesBRLBrazil100.00 %100.00 %
Inter Pag Instituição de Pagamento S.A.Provision of servicesBRLBrazil100.00 %100.00 %
Inter Connectivity, LLC (d)Provision of servicesUS$USA100.00 %— 
Inter Advisors, LLC Asset managementUS$USA100.00 %100.00 %

Subsidiaries
Inter Hedge Fundo de Investimento ImobiliárioInvestment FundBRLBrazil100.00 %100.00 %
Inter Oportunidade Imobiliária Fundo de Investimento (e)Investment FundBRLBrazil— 63.78 %

(a) On The Institution has two branches abroad: Inter Cayman Branch and Inter US Branch, whose functional currency is the dollar;
(b) On March 16, 2026, Banco Inter entered into a contract to acquire an additional stake equivalent to 20% of the total share capital of Acerto Cobrança e Informações Cadastrais S.A., for R$ 18,350, as previously approved by BACEN in an official letter sent on February 23, 2026. Furthermore, on April 13, 2026, Banco Inter entered into a contract to acquire an additional stake equivalent to 20%. On June 1, 2026, the acquisition of 100% of the share capital of Acerto Cobrança e Informações Cadastrais S.A. was completed, making Banco Inter its sole shareholder. Notwithstanding Banco Inter now holding all of the share capital, the company remains operationally segregated from the other companies in the group;
(c) On January 9, 2026, Banco Inter entered into a contract to acquire an additional stake equivalent to 29.05% of the total share capital of Inter Asset Gestão de Recursos Ltda., for R$ 35,180, as previously approved by BACEN in an official letter sent on November 10, 2025. As a result of the acquisition, Banco Inter came to hold 99.91% of Inter Asset Gestão de Recursos Ltda., an independent asset management, securities portfolio management, and wealth management firm;

14

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

(d) On April 28, 2026, Inter Connectivity, LLC, a wholly owned subsidiary of Inter Marketplace Intermediação de Negócios e Serviços Ltda., was incorporated with the initial objective of concentrating and operationalizing the offering of non-financial products in the United States; and
(e) On June 28, 2026, the Inter Group's stake in the Inter Oportunidade Fund was reduced, now holding 38% of the issued units. As a result of this reduction, the Inter Group ceased to exercise control over the investment fund and consequently failing to perform the accounting consolidation of its assets and liabilities.

5.Operating segments
The operational segments are disclosed based on internal information used by the principal responsible for operational decisions to allocate resources and evaluate performance. The principal responsible for operational decisions, allocating resources, evaluating the performance of the operational segments, and making strategic decisions for Inter&co, is the CEO in conjunction with the Board of Directors.
Profit by operating segment
Each operating segment is composed of one or more legal entities. The measurement of profit by operating segment takes into account all revenues and expenses recognized by the companies that make up each segment.
Transactions between segments are carried out with timeframes and rates consistent with those practiced with third parties, when applicable. The Group does not have any client responsible for more than 10% of its total net revenue.
a.Banking & Spending
This segment includes banking products and services such as checking accounts, debit and credit cards, deposits, loans, customer advances, debt collection activities, and other services provided to customers, primarily through the Inter app. Also included in this segment are foreign exchange services, intercountry remittances, including the Global Account digital solution, smart card payment solutions (including Inter Pag), along with the investment funds consolidated by the Group.
b.Investments
This segment is responsible for operations related to the purchase, sale, and custody of securities, structuring and distribution of securities in the capital market, and operations related to the management of fund portfolios and other assets (purchase, sale, risk management). Revenues are mainly derived from commissions and management fees charged to investors for these services.
c.Insurance Brokerage
This segment, insurance products are offered that are underwritten by insurance companies with which Inter has an agreement (“partner companies”), including guarantees, life, property and auto insurance, and pension products, as well as consortium products provided by a third party with whom Inter has a commercial agreement. Insurance sales commission revenues, net of cancellations, are recognized in the income statement when the services are actually rendered, i.e., when the sale is finalized with the client, when the performance obligation is fulfilled.
d.Inter Shop 
This segment includes sales of goods and/or services to Inter's clients through its partners, via our digital platform; as well as the initiative to offer BNPL (Buy Now Pay Later) operations to clients. Segment revenues substantially comprise commissions received from sales and/or the provision of these services.

15

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

Segment information

06/30/2026
Banking & SpendingInvestmentsInsurance BrokerageInter Shop Total of reportable segmentsOthersEliminationsConsolidated
Interest income5,091,646 12,859 — 33,686 5,138,191 53,193 (17,062)5,174,322 
Interest expenses(3,586,792)(9,885)— — (3,596,677)(15,722)49,471 (3,562,928)
Income from securities, derivatives and foreign exchange2,116,413 55,114 7,993 32,523 2,212,043 188,848 (86,601)2,314,290 
Net interest income and income from securities, derivatives and foreign exchange3,621,267 58,088 7,993 66,209 3,753,557 226,319 (54,192)3,925,684 

Net revenues from services and commissions683,943 66,143 152,881 123,474 1,026,441 42,786 (41,515)1,027,712 
Expenses from services and commissions(43,701)— (43,945)(3,989)(91,635)— — (91,635)
Other revenues228,982 11,459 20,195 18,026 278,662 94,165 (157,686)215,141 
Revenues4,490,491 135,690 137,124 203,720 4,967,025 363,270 (253,393)5,076,902 

Impairment losses on financial assets(1,626,746)321 — — (1,626,425)(15,275)— (1,641,700)
Revenues net of impairment losses on financial assets2,863,745 136,011 137,124 203,720 3,340,600 347,995 (253,393)3,435,202 

Administrative expenses(1,172,931)(42,930)(7,861)(33,734)(1,257,456)(24,535)41,506 (1,240,485)
Personnel expenses(452,992)(44,192)(11,566)(26,857)(535,607)(52,154)— (587,761)
Tax expenses(257,156)(9,514)(15,295)(25,583)(307,548)(107,790)— (415,338)
Depreciation and amortization(192,073)(3,234)(1,121)(5,161)(201,589)(2,101)— (203,690)
Profit before income tax788,593 36,141 101,281 112,385 1,038,400 161,415 (211,887)987,928 

Income tax(28,765)(10,158)(32,198)(40,458)(111,579)(13,118)— (124,697)

Net income attributable to shareholders of the company and non-controlling interests759,828 25,983 69,083 71,927 926,821 148,297 (211,887)863,231 
Non-controlling interest(8,935)(8)(27,635)(10,757)(47,335)— — (47,335)
Net income attributable to shareholders of the company750,893 25,975 41,448 61,170 879,486 148,297 (211,887)815,896 

06/30/2026
Banking & SpendingInvestmentsInsurance BrokerageInter Shop Total of reportable segmentsOthersEliminationsConsolidated
Total assets100,599,063 977,459 457,530 885,769 102,919,821 5,011,255 (5,019,554)102,911,522 
Total liabilities92,730,492 506,736 207,767 662,744 94,107,739 964,430 (2,794,206)92,277,963 
Total equity7,868,571 470,723 249,763 223,025 8,812,082 4,046,825 (2,225,348)10,633,559 

16

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

06/30/2025
Banking & SpendingInvestmentsInsurance BrokerageInter Shop Total of reportable segmentsOthersEliminationsConsolidated
Interest income3,868,163 9,570 — 44,641 3,922,374 28,286 (15,576)3,935,084 
Interest expenses(2,633,890)(7,165)— — (2,641,055)(7,436)45,513 (2,602,978)
Income from securities, derivatives and foreign exchange1,377,587 52,301 5,542 26,651 1,462,081 124,325 (86,411)1,499,995 
Net interest income and income from securities, derivatives and foreign exchange2,611,860 54,706 5,542 71,292 2,743,400 145,175 (56,474)2,832,101 

Net revenues from services and commissions625,669 78,010 138,677 105,762 948,118 36,880 (29,946)955,052 
Expenses from services and commissions(34,120)— (44,505)(5,023)(83,648)(160)— (83,808)
Other revenues149,371 6,133 20,130 14,806 190,440 93,094 (145,997)137,537 
Revenues3,352,780 138,849 119,844 186,837 3,798,310 274,989 (232,417)3,840,882 

Impairment losses on financial assets(1,080,843)(608)— — (1,081,451)(1,479)— (1,082,930)
Revenues net of impairment losses on financial assets2,271,937 138,241 119,844 186,837 2,716,859 273,510 (232,417)2,757,952 

Administrative expenses(970,188)(55,165)(8,047)(33,090)(1,066,490)(21,948)20,208 (1,068,230)
Personnel expenses(371,984)(38,425)(12,158)(29,878)(452,445)(48,931)9,738 (491,638)
Tax expenses(217,905)(10,043)(13,648)(24,010)(265,606)(47,330)— (312,936)
Depreciation and amortization(132,649)(3,205)(1,268)(5,718)(142,840)(1,236)— (144,076)
Profit before income tax579,211 31,403 84,723 94,141 789,478 154,065 (202,471)741,072 

Income tax(30,561)(9,705)(28,023)(33,479)(101,768)(352)— (102,120)

Net income attributable to shareholders of the company and non-controlling interests548,650 21,698 56,700 60,662 687,710 153,713 (202,471)638,952 
Non-controlling interest(958)(2,323)(22,680)(11,645)(37,606)374 — (37,232)
Net income attributable to shareholders of the company547,692 19,375 34,020 49,017 650,104 154,087 (202,471)601,720 

12/31/2025
Banking & SpendingInvestmentsInsurance BrokerageInter Shop Total of reportable segmentsOthersEliminationsConsolidated
Total assets96,813,106 887,911 404,279 792,270 98,897,566 4,958,428 (5,244,476)98,611,518 
Total liabilities88,927,374 436,771 154,114 688,430 90,206,689 1,146,080 (3,134,213)88,218,556 
Total equity7,885,732 451,140 250,165 103,840 8,690,877 3,812,348 (2,110,263)10,392,962 

17

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

6.Financial risk management
The Group's risk management encompasses credit, market, liquidity, and operational risks. Risk management activities are carried out by independent and specialized structures, according to pre-defined policies and strategies, with the objective of identifying, measuring, monitoring, mitigating, and controlling exposure to financial and non-financial risks to which Inter is subject.
The model adopted by the Group is organized through governance bodies and committees supported by appropriate methodologies, models, and tools, seeking to ensure, among other things:
•Segregation of duties and independence between business and control areas;
•A dedicated risk management unit responsible for monitoring and reporting to the relevant authorities;
•Formalized management process, with defined responsibilities and information flows;
•Clear rules, a structure of competencies and levels of authority that are compatible with the complexity of the operations;
•Defined limits and margins, aligned with risk appetite and strategic guidelines; and
•Adopting best market practices, seeking continuous improvement in management effectiveness.
a.Credit risk
Credit risk is defined as the possibility of losses arising from the borrower's or counterparty's failure to meet the financial obligations assumed under the agreed terms, as well as the devaluation of credit contracts resulting from an increased risk of borrower default, among other factors.
Financial instruments exposed to credit risk are subject to a rigorous pre-contractual evaluation process, maintained continuously throughout the term of the respective operations. Credit analyses consider the economic and financial capacity of the borrower or counterparty, credit behavior, including payment history, credit reputation in the market, as well as the terms and conditions of each operation, encompassing terms, rates, and guarantees.
The table belows presents the maximum credit risk exposure of financial assets and liabilities:

06/30/202612/31/2025
Financial AssetsNoteGross valueExpected lossGross valueExpected loss
Cash and cash equivalents 83,106,104 — 3,801,513 — 
Amounts due from financial institutions94,310,463 (5,723)4,313,571 (1,211)
Deposits at Central Bank of Brazil8,488,431 — 7,867,658 — 
Securities1029,628,472 (37,814)29,057,040 (46,717)
Loans and advances to customers1251,926,990 (3,570,114)48,251,180 (3,000,076)
Other assets (a)15153,979 (1,305)114,483 (858)
Total97,614,439 (3,614,956)93,405,445 (3,048,862)

Financial liabilities
Loan commitments2115,673,078 (139,405)26,750,795 (204,867)
Financial guarantees21474,652 (4,843)645,589 (5,125)
Total16,147,730 (144,248)27,396,384 (209,992)

 (a) Refers to an advance payment on a foreign exchange contract.
Inter Group's main risk exposure is related to loan and customer advance portfolio, as presented in explanatory note no.12, and is mainly represented by operations of:
•Credit card: credit transactions related to credit card limits, mostly without attached guarantees;
•Business loans: working capital operations, receivables, discounts and loans in general, with or without collateral;

18

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

•Real estate loans: loan and financing operations secured by real estate, with collateral linked to the underlying assets;
•Personal loans: loan and payroll deduction card transactions with and without collateral; and
•Agribusiness loans: financing operations for the costs of rural production, investment, marketing and/or industrialization granted to rural producers, with or without collateral.
Mitigation of Exposure
To maintain exposures within the risk levels established by senior management, Inter&Co adopts measures to mitigate credit risk. Credit risk exposure is mitigated through the structuring of guarantees, adapting the level of risk to be incurred to the characteristics of the guarantees provided at the time of granting. Risk indicators are continuously monitored, and proposals for alternative mitigation methods are evaluated whenever the credit risk exposure behavior of any unit, region, product, or segment so requires. Additionally, credit risk mitigation occurs through product repositioning and adjustments to operational processes or transaction approval levels.
Credit standards guide operational units and encompass, among other aspects, the classification, requirement, selection, evaluation, formalization, control, and reinforcement of guarantees, ensuring the adequacy and sufficiency of mitigating instruments throughout the credit cycle.
In 2026, there will be no material changes in the nature of credit risk exposures, how they originate, or the Group's objectives, policies, and processes for managing them, although Inter&Co will continue to continuously improve its internal risk management processes.
i.Concentration by economic sector
The table belows presents the concentration by economic sector related to loans and advances to customers:

06/30/202612/31/2025
Construction2,595,713 2,080,490 
Trade1,643,186 1,658,824 
Industries1,118,186 1,385,398 
Administrative activities 976,476 785,016 
Financial activities487,160 406,577 
Real estate activities417,981 418,840 
Transportation225,715 261,005 
Agriculture57,519 69,220 
Other segments (a)833,690 685,448 
Business clients8,355,626 7,750,818 
Individual clients43,571,364 40,500,362 
Total51,926,990 48,251,180 

(a) It refers primarily to communication services, electricity, education, and the arts.
ii.Concentration of the portfolio
The table belows presents the concentration of credit risk related to loans and advances to customers:

06/30/202612/31/2025
Balance% on Loans and advances to customersBalance% on Loans and advances to customers
Largest debtor 196,140 0.38 %184,344 0.38 %
10 largest debtors 987,697 1.90 %1,014,930 2.10 %
20 largest debtors 1,497,330 2.88 %1,540,450 3.19 %
50 largest debtors2,523,175 4.86 %2,477,816 5.14 %
100 largest debtors 3,554,742 6.85 %3,383,310 7.01 %

19

 
Notes to the interim condensed consolidated financial statement
As of June 30,2026

iii.Segregation by time period

06/30/202612/31/2025
Overdue by 1 day or more6,545,112 5,315,262 
To fall due in up to 3 months4,654,885 4,576,699 
To fall due between 3 to 12 months12,113,556 12,413,149 
To fall due in more than 12 months28,613,437 25,946,070 
Total 51,926,990 48,251,180 

Measurement
Measurement of credit risk at the Group is carried out considering the following:
•At the time of granting credit, an assessment of the client's financial situation is carried out through the application of qualitative and quantitative methods, in order to support the adequacy of the risk exposure;
•The assessment is performed at the counterparty level and considers information on collateral, where applicable. Credit risk exposure is measured under extreme scenarios through stress tests and analysis of macroeconomic conditions—such as interest rates, unemployment rates, inflation indices, and economic activity; and
•The models used to determine the internal rating of customers and loans are periodically reviewed to ensure they reflect the expected losses, as detailed in explanatory note 12. The estimate of expected losses on financial assets is divided into three categories (stages):
•Stage 1: financial assets that have not shown a significant increase in credit risk;
•Stage 2: financial assets that have shown a significant increase in credit risk; and
•Stage 3: financial assets that have shown indications that they will not be fully honored under the originally agreed terms, or that are involved in bankruptcy proceedings, judicial reorganization, debt restructuring, or that require the enforcement of guarantees. Therefore, they are characterized as problematic assets.
•Payment delays in portfolios are monitored to identify trends or changes in credit behavior and allow for the adoption of mitigating measures when necessary;
•Expected credit loss reflects the risk level of loans and allows for monitoring and controlling the portfolio's exposure level and the adoption of risk mitigation measures;
•Expected credit loss is a forecast of the risk levels of the loan portfolio. Its calculation is based on the historical payment behavior and the portfolio's distribution by product and risk level. This is a fundamental contribution to the process of setting prices for loan