Banco BMG (BMGB4) investor relations material

Executive summary

• Net income reached R$157 million in 2Q26, up 26% year-over-year, and R$305 million in 1H26, a 26.8% increase year-over-year, with ROAE improving to 15.2% in 2Q26 and 1H26, reflecting consistent profitability and successful digital transformation.

• Client-centric strategy targets underserved populations, especially those aged 50+ in classes C and D, with a robust omnichannel presence and high customer satisfaction.

• Digital origination and self-contracting initiatives expanded the addressable market, driving a younger and more digital client base.

• Launched the 2030 plan to leverage strengths and expand financial solutions, aiming for sustainable growth and improved client financial health.

• Financial margin for 1H26 was R$2,983 million, up 3.2% year-over-year; 2Q26 margin was R$1,512 million, up 2.8% sequentially.

Financial highlights

• Net income for 2Q26 was R$157 million, up from R$125 million in 2Q25; net income per share for 1H26 was R$0.5015, up from R$0.4120 in 1H25.

• Financial margin (NIM) improved to 19.1% in 2Q26 from 17.8% in 2Q25; NIM after cost of credit rose to 11.1%.

• Efficiency ratio improved to 52.4% in 2Q26 from 53.9% in 2Q25, reflecting disciplined cost management.

• Net revenue per client increased 13% year-over-year to R$56/month in 1H26.

• Total assets at June 30, 2026 were R$50,046 million (consolidated).

Outlook and guidance

• Strategic plan aims for continued efficiency, digitalization, and profitability, with a focus on quality growth and balanced risk management.

• Expect continued growth in private payroll loans and further digitalization of client journeys.

• Regulatory adjustments expected to allow resumption of payroll card issuance in coming months.

• ESG and financial inclusion initiatives continue to be strategic priorities, especially for the 50+ demographic in social classes C and D.