PicS (PICS) investor relations material

Executive summary

• Delivered strong Q2 2026 results, surpassing guidance on nearly all key metrics, including revenue, net income, and credit portfolio growth, reinforcing a resilient business model and disciplined risk management.

• Achieved robust operational scale with significant year-over-year growth in accounts, TPV, deposits, and active clients, and diversified growth in both credit and non-credit revenue streams.

• Completed the acquisition of Kovr (now KEV Seguros), accelerating insurance ambitions, expanding non-credit revenue streams, and expected to contribute BRL 80–100 million net income from August–December 2026.

• Leadership transition completed as André Cazotto became CFO, ensuring continuity and deep institutional knowledge.

Financial highlights

• Total revenues reached BRL 4.1 billion in Q2 2026, up 67% year-over-year and 17% sequentially; gross profit was BRL 1.25 billion, up 48% year-over-year and 14% sequentially.

• Adjusted net income hit BRL 283 million, up 135% year-over-year and 67% sequentially; IFRS net income was BRL 269 million, up 124% year-over-year and 77% sequentially.

• Total credit portfolio reached BRL 31.9 billion, up 99% year-over-year and 14% sequentially, exceeding guidance by 3%.

• Net interest income was BRL 2 billion, 5.4% above guidance and up 18% sequentially; NIM at 19.4%.

• Deposits grew to BRL 35.8 billion, up 45% year-over-year and 10% sequentially.

Outlook and guidance

• Q3 2026 guidance: credit portfolio ~BRL 34.7 billion, cost of risk 3.9–4.1%, managerial revenues ~BRL 4 billion, net interest income ~BRL 2.1 billion, gross profit ~BRL 1.3 billion.

• IFRS net income expected at BRL 255 million (down 5% sequentially due to lower tax incentives), adjusted net income at BRL 265 million.

• Capital ratios expected to remain above regulatory requirements after Kovr acquisition.