Intercorp Financial Services (IFS) investor relations material

Executive summary

• Net income for Q2 2026 was S/ 585.3 million, up 1% YoY, with ROE at 18.5%, exceeding midterm targets.

• Profitability and efficiency remained strong, with a cost/income ratio of 37.8%.

• Growth in higher-yielding loans, digital engagement, and insurance supported results.

• Digital transformation advanced, with 86% of retail customers using digital channels.

• The macro environment in Peru moderated but remains constructive, with GDP growth expected at 3.4% for 2026.

Financial highlights

• Net income for Q2 2026: S/ 585.3 million, up 1% YoY; ROE: 18.5%.

• Revenues increased 3% YoY to S/ 2,148 million; fee income up 7% YoY.

• Accumulated net profit for 1H26 rose 16% YoY to S/ 1,187 million.

• Cost of risk normalized to 2.1%, down from 2.5% YoY.

• Efficiency ratio at 37.8%, reflecting ongoing investments in technology and personnel.

Outlook and guidance

• Full-year ROE guidance remains above 17%, with a prudent approach due to El Niño risks.

• Loan growth expected to remain high single-digit for the year, with focus on high-yield segments.

• GDP growth for Peru forecast at 3.4% in 2026 and 3.2% in 2027; inflation expected at 4.1% in 2026.

• Continued investments in technology, cybersecurity, and cloud services to support growth.

• Focus on digital growth and expanding primary banking relationships.