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Itaúsa (ITSA4) investor relations material
Itaúsa Itaúsa Day presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Portfolio and positioning
Portfolio of 7 leading businesses; R$12bn invested over the past decade. As of Sep. 30, 2026, market value was R$164bn and portfolio value R$200bn.
Portfolio includes Dexco, Alpargatas, Motiva, Aegea, Copa Energia, NTS and Itaú Unibanco.
Active-management model centers on influence over investees and efficient capital allocation, supported by integrated portfolio analysis and engagement with investee representatives.
Governance and active management
Board has 50% independent members, an independent chair and 25% women; statutory committees are fully coordinated by independent directors, with Audit and Related Parties committees entirely independent.
Portfolio updates feature in 100% of Board meetings; governance work also includes CEO sessions, strategic agendas, investee risk integration and monitoring of regulatory developments.
Dedicated forums, dashboards and value-creation guides support quarterly integrated reviews, Board preparation and tracking of investee financial and operational performance.
Technology initiatives include an integrated ERP, portfolio data lake, AI tools, investor-relations agent, collaboration platform and continuous training.
Capital allocation and sustainability
Proprietary allocation model combines realized risk-return, asset and portfolio views, Monte Carlo prospective scenarios and integrated risks including cybersecurity, governance and climate.
Sustainability is embedded in portfolio management and investment decisions, with monitoring across climate, biodiversity, resource use, DE&I, human rights, health and safety, governance and business ethics.
Sustainability dashboard covers 7 investees, 6 material themes and 57 indicators for 2022–2024.
Social-impact initiatives invested R$106mn since 2023 and supported 101 projects through July 2026, focused on productivity and sustainability and environmental conservation.
- Disciplined portfolio management pairs strong returns with business transformation and growth.ITSA4
Investor update - Record net income, strong ROE, and 9.8% dividend yield with portfolio outperforming benchmarks.ITSA4
Q2 2026 - Net income rose 11% to R$16.5B, with a 76% payout and 14.7% dividend yield in 2025.ITSA4
Q4 2025 - Net income up 10% YoY, recurring net income up 6%, dividend yield 8.9%, TSR 21.1%.ITSA4
Q3 2025 - Record net income, strong portfolio, reduced debt, and high dividends mark 1H25 results.ITSA4
Q2 2025 - Recurring net income up 13% to R$3.9B in 3Q24, net debt down 45.6%, 5% stock bonus approved.ITSA4
Q3 2024 - Recurring net income up 29.7% YoY, net debt down 70%, and dividend yield at 8.6%.ITSA4
Q2 2024 - Recurring net income grew 8% to R$3.9B, with ROE at 17.6% and net debt down 62%.ITSA4
Q1 2025 - Recurring net income up 22% to R$14.8B, 10.8% dividend yield, and R$1B capital increase announced.ITSA4
Q4 2024
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