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Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading super app providing financial and digital commerce services to over 41 million customers, today reported its results for the third quarter of 2025.
3Q25 Highlights:
Inter printed another quarter of outstanding growth across all key metrics, while maintaining its disciplined approach to sustainable profitability.
- Client Growth: Added a record 1.2 million new active clients in the quarter, bringing the total active client base to 24 million, a testament to the platform's compelling value proposition.
- Net Income: Reached R$336 million (US$63.2 million 1 ), representing 39% year-over-year growth, successfully balancing investments in growth with operational efficiency.
- Credit Expansion: The credit portfolio expanded 30% YoY, triple the Brazilian market's growth rate, driven by enhanced digital experiences and strategic products, such as Private Payroll.
- Asset Quality: Maintained stable NPL ratios despite deteriorating market conditions, validating the company's robust, data-driven approach to risk management.
João Vitor Menin, Global CEO of Inter&Co, commented:
"Ten years after launching the first digital banking account in Brazil, we have built an ecosystem that consistently delivers value to our customers, drives outstanding growth, and reflects our disciplined approach to sustainable profitability."
He highlighted that: "We are celebrating our journey and designing our future. We have a clear pathway toward achieving 60 million clients, a 30% efficiency ratio, and 30% ROE. These long-term targets underscore the scalability of our platform and the quality of our execution."
Alexandre Riccio, Brazil CEO of Inter&Co, added:
"Our total credit portfolio continues to grow at an outstanding pace, three times faster than the market, which is a testament to our superior digital execution. This momentum is driven by the scalability and client-centricity of our 'Inter by Design' approach, and the success of our private payroll offering, demonstrating our ability to rapidly innovate and capture market share."
Riccio concluded: "Our disciplined execution allows us to balance strategic investments with cost control, which is reflected in our consistent improvement in profitability. Reaching 45.2% efficiency ratio and a 14.2% ROE, we achieved R$336 million (US$63.2 million 1 ) in net income as a result of our team's commitment to build sustainable, long-term value."
Note 1: The company reports in BRL, and the figures have been converted to USD based on the PTAX on September 30, 2025. Source: Banco Central do Brasil.
Conference Call
Inter&Co will discuss its 3Q2025 financial results on November 13th, 2025, at 11 a.m. ET (1 p.m. BRT). The webcast details, along with the earnings materials, can be accessed on the company's Investor Relations website at https://investors.inter.co/en/ .
About Inter&Co
Inter (NASDAQ: INTR) is a digital bank providing financial and lifestyle solutions to 41 million consumers. Our super app leverages technology to unlock simplicity, offering mortgages, credit, gift cards, investments, and international payments. Inter customers also enjoy access to a dynamic marketplace of shopping discounts, cashback rewards, and exclusive access to marquee events. Recognized by Forbes, CNBC, and others as one of the world's leading FinTechs and digital banks, Inter leads with human innovation to empower the new economy. Learn more at us.inter.co.
Investor Relations:
Rafaela de Oliveira Vitória / ir@inter.co
Media Relations:
interco@chemistryagency.com / kaio.philipe@inter.co
Disclaimer
This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management's good faith beliefs, they involve known and unknown risks and uncertainties that could cause the company's results or accrued results to differ materially from those anticipated and discussed herein. These statements are not guarantees of future performance. These risks and uncertainties include, but are not limited to, our ability to realize the number of projected synergies and the projected schedule, in addition to economic, competitive, governmental and technological factors affecting Inter, the markets, products and prices and other factors. In addition, this presentation contains managerial figures that may differ from those presented in our financial statements. The calculation methodology for these managerial numbers is presented in Inter's quarterly earnings release. Statements contained in this report that are not facts or historical information may be forward looking statements under the terms of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may, among other things, beliefs related to the creation of value and any other statements regarding Inter. In some cases, terms such as "estimate", "project", "predict", "plan", "believe", "can", "expectation", "anticipate", "intend", "aimed", "potential", "may", "will/shall" and similar terms, or the negative of these expressions, may identify forward looking statements.
These forward-looking statements are based on Inter's expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise. The definition of each such operational metric is included in the earnings release available on our Investor Relations website.
For additional information that about factors that may lead to results that are different from our estimates, please refer to sections "Cautionary Statement Concerning Forward Looking Statements" and "Risk Factors" of Inter&Co Annual Report on Form 20-F. The numbers for our key metrics (Unit Economics), which include, among other, active clients and average revenue per active client (ARPAC), are calculated using Inter's internal data. Although we believe these metrics are based on reasonable estimates, there are challenges inherent in measuring the use of our business. In addition, we continually seek to improve our estimates, which may change due to improvements or changes in methodology, in processes for calculating these metrics and, from time to time, we may discover inaccuracies and adjust to improve accuracy, including adjustments that may result in recalculating our historical metrics.
About Non-IFRS Financial Measures
To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Inter&Co also presents non-IFRS measures of financial performance, as highlighted throughout the documents. The non-IFRS Financial Measures include, among others: Adjusted Net Income, Cost of Funding, Efficiency Ratio, Cost of Risk, Cards+PIX TPV, Gross ARPAC, Global Clients, Total Gross Revenues, and Return on average equity (ROE).
A "non-IFRS financial measure" refers to a numerical measure of Inter&Co's historical or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Inter&Co's financial statements. Inter&Co provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered together with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Inter&Co's performance to that of other companies.
