AGI (AGBK) Registration Filing summary

Company overview and business model

• Provides specialized financial services to underserved Brazilians, focusing on social security beneficiaries, private and public sector workers, and those not reached by digital-only banks.

• Operates a hybrid model combining digital platforms and 1,101 asset-light Smart Hubs for in-person onboarding and support.

• Offers a suite of solutions: secured lending (payroll, social security, FGTS-backed), digital banking, credit cards, and insurance products.

• As of September 30, 2025, serves 6.4 million active clients and manages a R$34.5 billion credit portfolio, with 86.2% secured by dedicated income streams.

• Maintains a strong brand reputation, with a Net Promoter Score of 70 and high customer retention through personalized service and education.

Financial performance and metrics

• Total revenues for the nine months ended September 30, 2025: R$7.7 billion, up 50.3% year-over-year; net income: R$831.7 million, up 39.3%.

• For the year ended December 31, 2024: revenues R$7.3 billion (+46% YoY), net income R$794.4 million (+86.4% YoY).

• Credit portfolio grew 54.7% YoY to R$34.5 billion as of September 30, 2025; 90-day NPL ratio at 2.6%, credit loss allowance/portfolio at 5.3%.

• Annualized ROAE for the nine months ended September 30, 2025: 39.1%, among the highest in Brazil.

• Customer acquisition cost (CAC) was R$65 per customer in 9M25, with LTV/CAC ratio above 20x in 2024.

Use of proceeds and capital allocation

• Net proceeds of approximately US$703.9 million (at US$16.50/share midpoint) to be used for general corporate purposes and potential acquisitions or investments.

• No current agreements for material acquisitions; management retains flexibility in allocation.