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Intangible assets - Goodwill
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Intangible assets - Goodwill

 

13.Intangible assets - Goodwill

Goodwill represents the surplus between the acquisition cost and the Bank's share in the net fair value of the acquired entity's assets, liabilities, and contingent liabilities. When this excess is negative (negative goodwill), it is immediately recognized in the income statement. In accordance with IAS 36, goodwill is tested annually for impairment or whenever there are indications of impairment to the cash-generating unit to which it has been allocated. Goodwill is recorded at its cost minus accumulated impairment losses. Impairment losses on goodwill are not reversed. Gains and losses from the disposal of an entity include the carrying amount of the goodwill associated with the entity sold.

The recorded goodwill is subject to impairment testing (note 2.n.i). The Bank's main goodwill, as shown in the table below, is due to the acquisition of Banco Real and has been allocated according to the operating segment (note 44).

For the year 2025, we present the assumptions used and results obtained in the recoverability tests of the Group's main goodwill.

 

   
     
    Banco Real
  2025 2024
Main assumptions:    
Criteria for determining the recoverable amount Value in use: cash flows
Period of cash flow projections  (1) 5 years 5 years
Perpetual growth rate  (1) 4.0% 4.5%
Pre-tax discount rate (2) 18.5% 20.8%
Discount rate (2) 12.2% 13.6%

 

       
    Em dia Toro Corretora
    2025 2025
Main assumptions:      
Criteria for determining the recoverable amount   Value in use: cash flows
Period of cash flow projections  (1)   5 years 5 years
Perpetual growth rate  (1)   3.6% 3.6%
Discount rate (2)   13.8% 14.5%

(1) Cash flow projections are based on the internal budget and management’s growth plans, taking into account historical data, expectations, and market conditions, including industry growth, interest rates, and inflation rates.

(2) The discount rate is determined based on the Capital Asset Pricing Model (CAPM).

 

   
Thousand of Reais 2025 2024
Breakdown    
Banco ABN Amro Real S.A. (Banco Real) 27,217,566 27,217,566
Em Dia Serviços Especializados em Cobranças Ltda. (Current name of Liderança Serviços Especializados em Cobranças LTDA.) 184,447 184,447
Toro Corretora de Títulos e Valores Mobiliários LTDA 160,770 160,770
Olé Consignado (Current name of  Banco Bonsucesso Consignado) 62,800 62,800
CSD Central de Serviços de Registro e Depósito aos Mercados Financeiro e de Capitais S.A. 42,135 42,135
Return Capital Serviços de Recuperação de Créditos S.A. (current name of Ipanema Empreendimentos e Participações S.A.) 21,304 21,304
Monetus Investimentos S.A. 39,919 39,919
Mobills Labs Soluções em Tecnologia LTDA 35,483 39,589
Solution 4Fleet Consultoria Empresarial S.A. 32,590 32,590
Santander Brasil Tecnologia S.A. 16,381 16,381
APE11 Tecnologia e Negocios Imobiliarios S.A. (Note 3.h) - 9,777
FIT Economia de Energia S.A. 3,992 3,992
América Gestão Serviços em Energia S.A 27,287 61,608
Total 27,844,674 27,892,878

 

   
Thousand of Reais 2025 2024
Balance at the beginning of the fiscal year 27,892,878 27,852,568
Acquisitions (write-offs):    
Banco ABN Amro Real S.A. (Banco Real) - 1
Mobills Labs Soluções em Tecnologia LTDA (4,106) -
APE11 Tecnologia e Negocios Imobiliarios S.A. (Note 3.h) (9,777) -
Return Capital Gestão de Ativos e Participações S.A. - (5,271)
FIT Economia de Energia S.A. - 3,992
América Gestão Serviços em Energia S.A. (34,321) 61,608
Return Capital Serviços de Recuperação de Créditos S.A. (current name of Ipanema Empreendimentos e Participações S.A.) - (20,020)
Balance at the end of the fiscal year 27,844,674 27,892,878

 

A quantitative goodwill impairment test is conducted annually.

In the goodwill impairment test, conducted based on the December 2025 scenario, and where the discount and perpetuity growth rates are identified as the most sensitive assumptions for the calculation of the present value (value in use) of future discounted cash flows, it was determined that there is no evidence of impairment.

Based on the tests carried out, no loss of recoverable value of goodwill was identified on December 31, 2025 and 2024.