Banco BMG (BMGB4) investor relations material

Executive summary

• Achieved recurring net income of R$561 million in 2025, up 27.2% YoY, with 4Q25 net income at R$172 million, a 38.2% increase over 4Q24.

• ROAE reached 14.4% for 2025 and 19.0% in 4Q25, reflecting improved profitability and digital transformation.

• Expanded product mix with a focus on payroll loans, personal credit, and insurance, serving over 9 million clients and maintaining a strong, recognized brand.

• Maintained high customer satisfaction (90%) and reduced complaints by 32%, supported by omni-channel service and technology investments.

• Received multiple awards for customer service, workplace quality, and ESG initiatives, including top rankings for employee satisfaction and mental health.

Financial highlights

• Net profit for 2025 reached R$561 million, with ROAE of 14.4%; 4Q25 net income was R$172 million, up from R$125 million in 4Q24.

• Financial margin for 2025 was R$5,607 million (+2.5% YoY); after cost of credit, R$3,361 million (+8.8% YoY).

• Efficiency ratio for 2025 was 54.2%; 4Q25 at 57.8%.

• Total credit portfolio ended 4Q25 at R$23.2 billion, down 11.9% YoY, reflecting a shift to more profitable products.

• Dividend yield over the last 12 months was 11.2%.

Outlook and guidance

• Capital increase of up to R$214 million planned for Mar/26 to support growth, regulatory requirements, and reinforce Basel Index.

• Focus on expanding digital and insurance offerings, asset-light growth, and increased institutional investor participation.

• Private payroll loan origination expected to reach 30%-35% of new business, becoming a main growth driver in 2026.

• ROE targeted to improve annually, aiming to surpass market averages.