Intercorp Financial Services (IFS) investor relations material

Executive summary

• Net income reached S/580 million in 2Q25, doubling year-over-year and up 30% sequentially, with ROE at 20.7%, driven by strong core business and investment returns across subsidiaries.

• Commercial and payments ecosystem expanded, with market share in commercial banking up 90 bps year-over-year and consumer loans showing signs of recovery.

• Wealth Management and Insurance segments posted robust growth, with AUM up 14% YoY, insurance premiums up 77% YoY, and significant YoY growth in other income.

• Strategic focus on digital excellence, customer centricity, and profitable growth across all segments, with digital adoption at 83% in retail banking.

• Positive economic momentum in Peru, with GDP growth at 3.1% YTD and private investment projected to grow 5% in 2025.

Financial highlights

• Net income for Q2 was S/580 million, ROE at 20.7%, and earnings 2x higher than the same period last year.

• Revenues grew 19% YoY; fee income at the bank up 14%, Intelligo fees up 17%, and other income up 5.3x YoY in wealth management.

• Cost of risk at 2.5% in 2Q25, 150 bps below last year, and NIM at 4.9% (IFS), 5.1% (Banking), remaining stable.

• Efficiency ratio improved to 35.9% (IFS), 42% (bank), and cost-to-income at 36%.

• Loan growth at 6% YoY, outperforming the system by 3x, with deposit growth of 7.4% YoY.

Outlook and guidance

• NIM expected to improve in H2 as consumer lending resumes and funding costs decline.

• High single-digit growth expected in total loans, with continued focus on efficiency and sound cost of risk.

• Year-end ROE projected closer to 17% as results normalize; risk-adjusted NIM to improve.

• OpEx growth to moderate, tracking business growth and inflation, with efficiency ratio targets of 40% (bank) and below 37% (IFS).

• Continued focus on digital transformation, customer experience, and expanding primary banking relationships.