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Mar 17, 2026 8:40 AM

Itaúsa closes 2025 with record recurring net income of R$16.5 billion, up 11%

Consistent portfolio performance, advancements in liability management and attractive return to shareholders have marked the year

SÃO PAULO, March 17, 2026 /PRNewswire/ -- Itaúsa (B3: ITSA4), Brazil's largest publicly-held investment holding company, closed 2025 with record recurring net income of R$16.5 billion, a 11% increase on a year-over-year basis, and Recurring ROE of 18.4%, evidencing the consistent performance of investees and capital allocation discipline, even amid a macroeconomic scenario marked by high interest rates.

In the fourth quarter, recurring net income totaled R$ 4.4 billion, up 21% year-over-year, mainly driven by Itaú Unibanco's performance and the significant evolution in non-financial investees.

In 2025, Itaúsa combined increase in results, advancements in liability and liquidity management and the distribution of R$11.9 billion in earnings, reaching a payout of 76% and one of the highest dividend yields in the Brazilian stock exchange. As a result, total shareholder return (TSR) was 59% in the period, outperforming top market indicators.

According to Alfredo Setubal, Itaúsa's CEO and Investor Relations Officer, these results strengthen the company's long-term strategy.

"In the year in which we celebrated five decades' worth of history, we reported record results, consistently advanced in our role of a ...