XML 81 R61.htm IDEA: XBRL DOCUMENT
v3.26.1

Property, equipment, intangible assets and leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Disclosure of detailed information about property, plant and equipment [abstract] |
Summary of property and equipment | (a) Property and equipment
| Data processing system |  | Furniture and equipment |  | Security systems |  | Facilities |  | Fixed assets in progress |  | Other |  | Total
Balance as of January 1, 2023 | 50,054 |  |  | 14,707 |  |  | 2,139 |  |  | 34,123 |  |  | 179,485 |  |  | 30,386 |  |  | 310,894 |
Additions | 9,124 |  |  | 11,328 |  |  | 728 |  |  | 338 |  |  | 44,486 |  |  | — |  |  | 66,004 |
Business combination (i) | 35,945 |  |  | 1,881 |  |  | 94 |  |  | 797 |  |  | 816 |  |  | — |  |  | 39,533 |
Write-offs | (1,059) |  |  | (158) |  |  | (8) |  |  | (52) |  |  | — |  |  | — |  |  | (1,277) |
Transfers | — |  |  | 1,501 |  |  | 624 |  |  | 18,041 |  |  | (20,166) |  |  | — |  |  | — |
Foreign exchange | 779 |  |  | 16 |  |  | 1 |  |  | 60 |  |  | — |  |  | — |  |  | 856 |
Depreciation in the year | (26,923) |  |  | (4,740) |  |  | (260) |  |  | (7,285) |  |  | — |  |  | (3,440) |  |  | (42,648) |
Balance as of December 31, 2023 | 67,920 |  |  | 24,535 |  |  | 3,318 |  |  | 46,022 |  |  | 204,621 |  |  | 26,946 |  |  | 373,362 |
Cost | 178,361 |  |  | 46,815 |  |  | 4,490 |  |  | 90,191 |  |  | 204,621 |  |  | 34,399 |  |  | 558,877 |
Accumulated depreciation | (110,441) |  |  | (22,280) |  |  | (1,172) |  |  | (44,169) |  |  | — |  |  | (7,453) |  |  | (185,515) |
Balance as of January 1, 2024 | 67,920 |  |  | 24,535 |  |  | 3,318 |  |  | 46,022 |  |  | 204,621 |  |  | 26,946 |  |  | 373,362 |
Additions | 5,311 |  |  | 5,186 |  |  | 524 |  |  | 455 |  |  | 133,332 |  |  | — |  |  | 144,808 |
Write-offs | (67) |  |  | (30) |  |  | (20) |  |  | — |  |  | (14,208) |  |  | — |  |  | (14,325) |
Transfers | (8,069) |  |  | 7,088 |  |  | 19,034 |  |  | 105,807 |  |  | (123,860) |  |  | — |  |  | — |
Foreign exchange | 82 |  |  | (101) |  |  | — |  |  | (136) |  |  | 120 |  |  | — |  |  | (35) |
Disposal | — |  |  | — |  |  | — |  |  | — |  |  | (10,000) |  |  | — |  |  | (10,000) |
Depreciation in the year | (19,897) |  |  | (4,644) |  |  | (3,790) |  |  | (11,991) |  |  | (92) |  |  | (3,440) |  |  | (43,854) |
Balance as of December 31, 2024 | 45,280 |  |  | 32,034 |  |  | 19,066 |  |  | 140,157 |  |  | 189,913 |  |  | 23,506 |  |  | 449,956 |
Cost | 133,339 |  |  | 54,916 |  |  | 29,752 |  |  | 183,728 |  |  | 192,965 |  |  | 34,399 |  |  | 629,099 |
Accumulated depreciation | (88,059) |  |  | (22,882) |  |  | (10,686) |  |  | (43,571) |  |  | (3,052) |  |  | (10,893) |  |  | (179,143) |
Balance as of January 1, 2025 | 45,280 |  |  | 32,034 |  |  | 19,066 |  |  | 140,157 |  |  | 189,913 |  |  | 23,506 |  |  | 449,956 |
Additions | 1,053 |  |  | 74 |  |  | 1,356 |  |  | 330 |  |  | 206,472 |  |  | — |  |  | 209,285 |
Write-offs | (55) |  |  | (839) |  |  | — |  |  | (2,551) |  |  | (503) |  |  | — |  |  | (3,948) |
Transfers | (2,707) |  |  | 3,147 |  |  | 1,243 |  |  | 18,477 |  |  | (20,160) |  |  | — |  |  | — |
Foreign exchange | (138) |  |  | (432) |  |  | — |  |  | (224) |  |  | 2,084 |  |  | — |  |  | 1,290 |
Disposal (ii) | — |  |  | — |  |  | — |  |  | — |  |  | (135,798) |  |  | — |  |  | (135,798) |
Depreciation in the year | (18,917) |  |  | (5,148) |  |  | (5,068) |  |  | (24,548) |  |  | (124) |  |  | (3,440) |  |  | (57,245) |
Balance as of December 31, 2025 | 24,516 |  |  | 28,836 |  |  | 16,597 |  |  | 131,641 |  |  | 241,884 |  |  | 20,066 |  |  | 463,540 |
Cost | 133,596 |  |  | 57,484 |  |  | 32,155 |  |  | 190,524 |  |  | 241,884 |  |  | 34,399 |  |  | 690,042 |
Accumulated depreciation | (109,080) |  |  | (28,648) |  |  | (15,558) |  |  | (58,883) |  |  | — |  |  | (14,333) |  |  | (226,502) |
(i) Related to fair value adjustments of identifiable assets and goodwill arising from the business combination with Banco Modal. (ii) The disposal was a non-cash transaction. The amount of R$ 132,003 was recognized in “Accounts receivable” (Note 37.iii) and the loss on disposal (R$3,795) was recorded in the Group’s consolidated statement of income, in “Other operating income (expenses), net” (Note 31).
Summary of intangible assets | (b) Goodwill and intangible assets
| Software |  | Goodwill |  | Customer list |  | Trademarks |  | Internally developed intangible (ii) |  | Total
Balance as of January 1, 2023 | 88,339 |  |  | 595,222 |  |  | 61,504 |  |  | 12,540 |  |  | 86,577 |  |  | 844,182 |
Additions | 22,387 |  |  | — |  |  | 58,692 |  |  | — |  |  | 49,140 |  |  | 130,219 |
Business combination (i) | 46,916 |  |  | 1,257,605 |  |  | 355,730 |  |  | 29,909 |  |  | — |  |  | 1,690,160 |
Write-offs | (4,945) |  |  | (19,420) |  |  | — |  |  | (3,113) |  |  | (2,722) |  |  | (30,200) |
Transfers | 77,964 |  |  | — |  |  | (7,876) |  |  | 7,090 |  |  | (77,178) |  |  | — |
Foreign exchange | — |  |  | — |  |  | — |  |  | — |  |  | 1,494 |  |  | 1,494 |
Amortization in the year | (71,680) |  |  | — |  |  | (35,076) |  |  | (11,468) |  |  | (15,586) |  |  | (133,810) |
Balance as of December 31, 2023 | 158,981 |  |  | 1,833,407 |  |  | 432,974 |  |  | 34,958 |  |  | 41,725 |  |  | 2,502,045 |
Cost | 302,560 |  |  | 1,833,407 |  |  | 555,674 |  |  | 51,110 |  |  | 41,725 |  |  | 2,784,476 |
Accumulated amortization | (143,579) |  |  | — |  |  | (122,700) |  |  | (16,152) |  |  | — |  |  | (282,431) |
Balance as of January 1, 2024 | 158,981 |  |  | 1,833,407 |  |  | 432,974 |  |  | 34,958 |  |  | 41,725 |  |  | 2,502,045 |
Additions | 5,042 |  |  | 4,620 |  |  | — |  |  | — |  |  | 175,742 |  |  | 185,404 |
Business combination (i) | — |  |  | 103,544 |  |  | (1,633) |  |  | (39) |  |  | — |  |  | 101,872 |
Write-offs | (15,127) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,127) |
Transfers | (28,677) |  |  | (20,222) |  |  | (9,911) |  |  | 18,245 |  |  | 40,565 |  |  | — |
Foreign exchange | 164 |  |  | — |  |  | — |  |  | — |  |  | 223 |  |  | 387 |
Amortization in the year | (50,770) |  |  | — |  |  | (62,449) |  |  | (14,254) |  |  | (12,659) |  |  | (140,132) |
Balance as of December 31, 2024 | 69,613 |  |  | 1,921,349 |  |  | 358,981 |  |  | 38,910 |  |  | 245,596 |  |  | 2,634,449 |
Cost | 197,295 |  |  | 1,921,349 |  |  | 492,886 |  |  | 122,797 |  |  | 266,466 |  |  | 3,000,793 |
Accumulated amortization | (127,682) |  |  | — |  |  | (133,905) |  |  | (83,887) |  |  | (20,870) |  |  | (366,344) |
Balance as of January 1, 2025 | 69,613 |  |  | 1,921,349 |  |  | 358,981 |  |  | 38,910 |  |  | 245,596 |  |  | 2,634,449 |
Additions (ii) | 5,246 |  |  | — |  |  | — |  |  | — |  |  | 275,036 |  |  | 280,282 |
Write-offs | (14,547) |  |  | — |  |  | — |  |  | — |  |  | (4,863) |  |  | (19,410) |
Transfers | 104,130 |  |  | — |  |  | — |  |  | — |  |  | (104,130) |  |  | — |
Foreign exchange | 178 |  |  | — |  |  | — |  |  | — |  |  | (105) |  |  | 73 |
Amortization in the year | (38,587) |  |  | — |  |  | (60,547) |  |  | (12,588) |  |  | (20,419) |  |  | (132,141) |
Balance as of December 31, 2025 | 126,033 |  |  | 1,921,349 |  |  | 298,434 |  |  | 26,322 |  |  | 391,115 |  |  | 2,763,253 |
Cost | 255,635 |  |  | 1,921,349 |  |  | 490,885 |  |  | 121,859 |  |  | 432,482 |  |  | 3,222,210 |
Accumulated amortization | (129,602) |  |  | — |  |  | (192,451) |  |  | (95,537) |  |  | (41,367) |  |  | (458,957) |
(i) Related to fair value adjustments of identifiable assets and goodwill arising from the business combination with Banco Modal. (ii) The addition is related to the development of internal software.
Disclosure of quantitative information about right-of-use assets [text block] | d) Leases Set out below are the carrying amounts of the Group’s right-of-use assets and lease liabilities and the movements during the period:
| Right-of-use assets |  | Lease liabilities (ii)
As of January 1, 2023 | 258,491 |  |  | 285,638 |
Additions (i) | 90,851 |  |  | 116,774 |
Business combination (Note 5(ii)) | 17,493 |  |  | 19,802 |
Depreciation expense | (75,955) |  |  | — |
Write-offs | (114) |  |  | (675) |
Interest expense | (3,864) |  |  | 22,927 |
Revaluation | 1,187 |  |  | — |
Effects of exchange rate | (6,285) |  |  | (6,967) |
Payment of lease liabilities | — |  |  | (132,737) |
As of December 31, 2023 | 281,804 |  |  | 304,762 |
Current | — |  |  | 123,978 |
Non-Current | 281,804 |  |  | 180,784 |
As of January 1, 2024 | 281,804 |  |  | 304,762 |
Additions (i) | 160,257 |  |  | 157,750 |
Depreciation expense | (81,339) |  |  | — |
Interest expense | — |  |  | 19,135 |
Revaluation | 1,304 |  |  | — |
Cancellation/expiration | (65,050) |  |  | (65,050) |
Effects of exchange rate | 16,165 |  |  | 20,716 |
Payment of lease liabilities | — |  |  | (125,966) |
As of December 31, 2024 | 313,141 |  |  | 311,347 |
Current | — |  |  | 40,756 |
Non-Current | 313,141 |  |  | 270,591 |
As of January 1, 2025 | 313,141 |  |  | 311,347 |
Additions (i) | 136,513 |  |  | 136,547 |
Depreciation expense | (83,732) |  |  | — |
Interest expense | — |  |  | 14,736 |
Revaluation | 1,304 |  |  | — |
Cancellation/expiration | (19,008) |  |  | (19,008) |
Effects of exchange rate | (7,632) |  |  | (9,055) |
Payment of lease liabilities | — |  |  | (123,150) |
As of December 31, 2025 | 340,586 |  |  | 311,417 |
Current | 85,872 |  |  | 62,340 |
Non-Current | 254,714 |  |  | 249,077 |
(i)Additions to right-of-use assets in the period include prepayments to lessors and accrued liabilities. (ii)Note 19b.

X
- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2025-01-01 -Paragraph 73 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2025-en-r&anchor=para_73&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 200 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_200&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 200 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_200&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2025-01-01 -Paragraph 53 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2025-en-r&anchor=para_53&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 115 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_115&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 115 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_115&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2025-01-01 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2025-en-r&anchor=para_118&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration