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Total revenue and income | 12 Months Ended
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Dec. 31, 2025
Analysis of income and expense [abstract] |
Total revenue and income | 28 Total revenue and income
a) Net revenue from services rendered Revenue from contracts with customers derives mostly from services rendered and fees charged at daily transactions from customers, therefore mostly recognized at a point in time. Disaggregation of revenue by major service lines are as follows:
| 2025 |  | 2024 |  | 2023
Major service lines |  |  |  |  |
Brokerage commission | 2,023,634 |  |  | 2,133,266 |  |  | 1,991,781 |
Securities placement | 2,497,146 |  |  | 2,285,110 |  |  | 1,979,406 |
Management fees | 1,887,205 |  |  | 1,742,959 |  |  | 1,628,373 |
Insurance brokerage fee | 238,468 |  |  | 219,397 |  |  | 175,326 |
Commission fees | $ | 1,189,405 |  |  | 996,693 |  |  | 789,822 |
Other services (i) | 942,404 |  |  | 734,090 |  |  | 588,932 |
Gross revenue from services rendered | 8,778,262 |  |  | 8,111,515 |  |  | 7,153,640 |
(-) Sales taxes and contributions on service revenues (ii) | (811,529) |  |  | (686,659) |  |  | (621,635) |
Net revenue from services rendered | 7,966,733 |  |  | 7,424,856 |  |  | 6,532,005 |
(i)Include insurance contracts profit or loss, as disclosed in Note 22. (ii)Mostly related to taxes on services (ISS) and contributions on revenues (PIS and COFINS). b) Net income/(loss) from financial instruments
| 2025 |  | 2024 |  | 2023
Net income/(loss) from financial instruments at fair value through profit or loss | 16,744,935 |  |  | 11,727,589 |  |  | 6,923,112 |
Net income/(loss) from financial instruments measured at amortized cost and at fair value through other comprehensive income | (6,089,360) |  |  | (1,851,844) |  |  | 1,649,210 |
Total income from financial instruments | 10,655,575 |  |  | 9,875,745 |  |  | 8,572,322 |
(-) Taxes and contributions on financial income | (223,711) |  |  | (269,740) |  |  | (244,231) |
Net income/(loss) from financial instruments | 10,431,864 |  |  | 9,606,005 |  |  | 8,328,091 |
c) Disaggregation by geographic location Breakdown of total net revenue and income and selected assets by geographic location:
| 2025 |  | 2024 |  | 2023
Brazil | 17,604,181 |  |  | 16,288,131 |  |  | 14,261,302 |
Other countries | 794,416 |  |  | 742,730 |  |  | 598,794 |
Revenues (i) | 18,398,597 |  |  | 17,030,861 |  |  | 14,860,096 |
| 2025 |  | 2024 |  | 2023
Brazil | 16,884,152 |  |  | 16,399,995 |  |  | 13,255,769 |
Other countries | 747,641 |  |  | 860,308 |  |  | 596,939 |
Selected assets (ii) | 17,631,793 |  |  | 17,260,303 |  |  | 13,852,708 |
(i)Revenues are presented by geographic location according to the main location where the Group's business customers are located. None of the clients represented more than 10% of our revenues for the periods presented. (ii)Selected assets are total assets of the Group, less: cash, financial assets and deferred tax assets, and are presented by geographic location.

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- Definition The entire disclosure for revenue. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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