Banco Bradesco (BBDC4) investor relations material

Executive summary

• Recurring net income reached R$6.1 billion in 2Q25, up 33.7% year-over-year and 3.5% quarter-over-quarter, with ROAE at 14.6% for the quarter.

• Total revenue was R$34.0 billion, up 15.1% year-over-year and 5.2% quarter-over-quarter, driven by NII, fee, and insurance income.

• Loan portfolio expanded 11.7% year-over-year to R$1,018 billion, with strong growth in individuals and MSMEs.

• Delinquency rates remained stable, and the restructured portfolio declined 21% year-over-year.

• Transformation initiatives accelerated, with significant technology adoption, digital platforms, and footprint reduction.

Financial highlights

• Net interest income reached R$18.0 billion, up 15.8% year-over-year and 4.7% quarter-over-quarter.

• Fee and commission income totaled R$10.3 billion, up 10.6% year-over-year and 5.5% quarter-over-quarter.

• Insurance, pension, and capitalization bond income rose 21.7% year-over-year and 6.5% quarter-over-quarter.

• Operating expenses were R$15.9 billion, up 9.9% year-over-year, in line with investment and transformation plans.

• Expanded loan portfolio reached R$1,018 billion, up 1.3% sequentially and 11.7% year-over-year.

Outlook and guidance

• 2025 guidance maintained for loan portfolio growth (4%-8%), NII net of provisions (R$37-41 billion), and fee/commission income (4%-8%).

• Guidance for fee and commission income and insurance income raised to 5–9% and 9–13% growth, respectively.

• Operating expenses guidance held at 5%-9% growth; actual 1H25 growth was 11.1%.

• Capital ratios expected to remain stable, with core Tier 1 at 11.1% and no capital constraints anticipated.

• Economic projections for 2025 include GDP growth of 2.1%, Selic rate at 15%, and inflation decelerating in the second half.