Inter&Co Inc. Reports Year-Over-Year Net Income Growth of 57%
Inter&Co (NASDAQ: INTR) reported strong financial results for Q1 2025, with net income reaching R$287 million, up 57% year-over-year. The company's total client base expanded to 37.7 million, with 21.6 million active clients and a 57.2% activation rate. Key performance metrics showed significant improvement, including:
- Return on Equity increased to 12.9% from 9.2% in Q1 2024 - Efficiency Ratio improved to 48.8%, better by 1.3 percentage points vs Q4 2024 - NPLs over 90 days decreased to 4.1%, down 0.8 percentage points year-over-year
The company highlighted success in peer-to-peer payments (Pix) in Brazil, growth in their Loop loyalty program, and record credit product usage. Inter&Co also introduced a new Private Payroll offering, emphasizing its digital, low-cost, and scalable business model.
Inter&Co (NASDAQ: INTR) ha comunicato risultati finanziari solidi per il primo trimestre 2025, con un utile netto pari a 287 milioni di R$, in crescita del 57% su base annua. La base clienti totale è aumentata a 37,7 milioni, di cui 21,6 milioni di clienti attivi e un tasso di attivazione del 57,2%. I principali indicatori di performance hanno mostrato miglioramenti significativi, tra cui:
- Il Rendimento del Capitale Proprio è salito al 12,9% dal 9,2% del primo trimestre 2024
- Il Rapporto di Efficienza è migliorato al 48,8%, con un incremento di 1,3 punti percentuali rispetto al quarto trimestre 2024
- Le sofferenze oltre i 90 giorni sono diminuite al 4,1%, in calo di 0,8 punti percentuali su base annua
L’azienda ha sottolineato il successo nei pagamenti peer-to-peer (Pix) in Brasile, la crescita del programma fedeltà Loop e un uso record dei prodotti di credito. Inoltre, Inter&Co ha lanciato una nuova offerta Private Payroll, evidenziando il suo modello di business digitale, a basso costo e scalabile.
Inter&Co (NASDAQ: INTR) reportó sólidos resultados financieros para el primer trimestre de 2025, con un ingreso neto de 287 millones de R$, un aumento del 57% interanual. La base total de clientes creció hasta 37,7 millones, con 21,6 millones de clientes activos y una tasa de activación del 57,2%. Los principales indicadores de desempeño mostraron mejoras significativas, incluyendo:
- El Retorno sobre el Patrimonio aumentó a 12,9% desde 9,2% en el primer trimestre de 2024
- La Relación de Eficiencia mejoró a 48,8%, mejorando 1,3 puntos porcentuales respecto al cuarto trimestre de 2024
- Los préstamos morosos con más de 90 días disminuyeron a 4,1%, bajando 0,8 puntos porcentuales año contra año
La empresa destacó el éxito en pagos peer-to-peer (Pix) en Brasil, el crecimiento de su programa de fidelidad Loop y un uso récord de productos de crédito. Inter&Co también presentó una nueva oferta de Private Payroll, enfatizando su modelo de negocio digital, de bajo costo y escalable.
Inter&Co (NASDAQ: INTR)는 2025년 1분기 강력한 재무 실적을 보고했으며, 순이익은 2억 8,700만 R$로 전년 대비 57% 증가했습니다. 회사의 총 고객 수는 3,770만 명으로 늘었으며, 이 중 2,160만 명이 활성 고객이고 활성화율은 57.2%입니다. 주요 성과 지표는 다음과 같이 크게 개선되었습니다:
- 자기자본이익률(ROE)은 2024년 1분기 9.2%에서 12.9%로 상승
- 효율성 비율은 2024년 4분기 대비 1.3%포인트 개선된 48.8%
- 90일 이상 연체된 부실채권 비율은 전년 대비 0.8%포인트 감소한 4.1%
회사는 브라질에서의 P2P 결제(Pix) 성공, Loop 로열티 프로그램의 성장, 그리고 신용 상품 사용 기록을 강조했습니다. 또한 Inter&Co는 디지털 기반의 저비용, 확장 가능한 비즈니스 모델을 강조하며 새로운 Private Payroll 상품을 출시했습니다.
Inter&Co (NASDAQ : INTR) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un revenu net atteignant 287 millions de R$, en hausse de 57 % en glissement annuel. La base totale de clients a atteint 37,7 millions, dont 21,6 millions de clients actifs et un taux d’activation de 57,2 %. Les indicateurs clés de performance ont montré une amélioration significative, notamment :
- Le retour sur fonds propres est passé à 12,9 % contre 9,2 % au T1 2024
- Le ratio d’efficacité s’est amélioré à 48,8 %, soit une progression de 1,3 point de pourcentage par rapport au T4 2024
- Les créances douteuses de plus de 90 jours ont diminué à 4,1 %, en baisse de 0,8 point de pourcentage en un an
L’entreprise a souligné son succès dans les paiements peer-to-peer (Pix) au Brésil, la croissance de son programme de fidélité Loop et une utilisation record des produits de crédit. Inter&Co a également lancé une nouvelle offre Private Payroll, mettant en avant son modèle d’affaires digital, à faible coût et évolutif.
Inter&Co (NASDAQ: INTR) berichtete starke Finanzergebnisse für das erste Quartal 2025 mit einem Nettoeinkommen von 287 Millionen R$, was einem Anstieg von 57 % im Jahresvergleich entspricht. Die Gesamtzahl der Kunden stieg auf 37,7 Millionen, davon 21,6 Millionen aktive Kunden und eine Aktivierungsrate von 57,2 %. Wichtige Leistungskennzahlen verbesserten sich deutlich, darunter:
- Die Eigenkapitalrendite stieg von 9,2 % im ersten Quartal 2024 auf 12,9 %
- Die Effizienzquote verbesserte sich auf 48,8 %, eine Steigerung um 1,3 Prozentpunkte gegenüber dem vierten Quartal 2024
- Die notleidenden Kredite über 90 Tage sanken um 0,8 Prozentpunkte auf 4,1 % im Jahresvergleich
Das Unternehmen hob den Erfolg bei Peer-to-Peer-Zahlungen (Pix) in Brasilien, das Wachstum des Treueprogramms Loop und die Rekordnutzung von Kreditprodukten hervor. Zudem stellte Inter&Co ein neues Private-Payroll-Angebot vor und betonte dabei sein digitales, kostengünstiges und skalierbares Geschäftsmodell.
- Net income grew 57% YoY to R$287 million
- Return on Equity improved significantly to 12.9% from 9.2% YoY
- Efficiency Ratio improved to 48.8%, showing better cost control
- NPL ratio improved to 4.1%, indicating better credit quality
- Client base expanded to 37.7 million with 21.6 million active users
- None.
Insights
Inter&Co shows strong Q1 2025 results with 57% net income growth, improved efficiency, and better asset quality despite rapid expansion.
The 57% year-over-year growth in net income to
The company's continued client acquisition - now reaching 37.7 million total customers with 21.6 million active clients - shows their digital super app strategy is resonating in the Brazilian market. The
Two metrics particularly stand out: the improved efficiency ratio of
The management's references to their "60/30/30 plan" entering its third year suggests they're executing against a multi-year strategic roadmap with specific targets. Their focus on Pix (Brazil's instant payment system), their Loop loyalty program, and expansion into Private Payroll lending indicates a diversified revenue strategy that balances transactional, engagement, and credit-based income streams.
The continued improvement in efficiency while growing their customer base demonstrates effective cost management and operational leverage, key factors for digital banking platforms seeking profitability at scale.
BELO HORIZONTE, Brazil, May 12, 2025 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to 37.7 million customers, today reported financial results for the first quarter of 2025.
1Q25 Highlights:
- Total clients grew to 37.7 million, with 21.6 million active clients and an activation rate of
57.2% . - Net Income of R
$287 million , excluding minority interests, up57% YoY. - Return on Equity of
12.9% , up from9.2% in 1Q24. - Efficiency Ratio continued improving and reached
48.8% , 1.3 p.p. better than 4Q24. - NPLs over 90 days improved to
4.1% , 0.8 p.p. lower than 1Q24.
João Vitor Menin, Global CEO of Inter&Co, commented:
“Inter, by design, embodies the transformation of the banking industry. From our focus on innovation and efficient digital distribution of financial products and services, to expanding benefits and lowering costs for all our clients, we are building trust and long-term relationships that will be mutually rewarding for years to come.”
Alexandre Riccio, Brazil CEO of Inter&Co, highlighted the opportunities that lie ahead:
“We are particularly excited about the engagement with peer-to-peer payments (Pix) in Brazil, the significant uptake of our loyalty program Loop, and the record number of clients using our credit products. The new Private Payroll offering represents a key opportunity for Inter. It aligns perfectly with our business model: digital, low-cost distribution, scalable, and collateralized, with minimal overlap with our other consumer credit products.”
About the 1Q25 results, he commented that, “Our commitment to cost control has allowed us to further widen the gap between net revenue growth and expenses, achieving an efficiency level of
“As we enter the third year of the 60/30/30 plan, we are proud that our results reflect the dedication, focus, and effectiveness of our team in implementing our strategy, delivering consistent, resilient growth and profitability.”
Conference Call
Inter&Co will discuss its 1Q2025 financial results on May 12th, 2025, at 11 a.m. ET (12 p.m. BRT). The webcast details, along with the earnings materials can be accessed on the company’s Investor Relations website at https://investors.inter.co/en/.
About Inter
Inter&Co (NASDAQ: INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneering financial super app serving over 37.7 million customers across the Americas. Inter’s ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border payments. The financial super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. Focused on innovation and captivating member experiences, Inter delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.
Investor Relations:
Rafaela de Oliveira Vitória - ir@inter.co
Media Relations:
Kaio Philipe - kaio.philipe@inter.co
Chemistry Agency - interco@chemistryagency.com
Disclaimer
This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs, they involve known and unknown risks and uncertainties that could cause the company’s results or accrued results to differ materially from those anticipated and discussed herein. These statements are not guarantees of future performance. These risks and uncertainties include, but are not limited to, our ability to realize the number of projected synergies and the projected schedule, in addition to economic, competitive, governmental and technological factors affecting Inter, the markets, products and prices and other factors. In addition, this presentation contains managerial figures that may differ from those presented in our financial statements. The calculation methodology for these managerial numbers is presented in Inter’s quarterly earnings release. Statements contained in this report that are not facts or historical information may be forward looking statements under the terms of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may, among other things, beliefs related to the creation of value and any other statements regarding Inter. In some cases, terms such as “estimate”, “project”, “predict”, “plan”, “believe”, “can”, “expectation”, “anticipate”, “intend”, “aimed”, “potential”, “may”, “will/shall” and similar terms, or the negative of these expressions, may identify forward looking statements.
These forward-looking statements are based on Inter's expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise. The definition of each such operational metric is included in the earnings release available on our Investor Relations website.
For additional information that about factors that may lead to results that are different from our estimates, please refer to sections “Cautionary Statement Concerning Forward Looking Statements” and “Risk Factors” of Inter&Co Annual Report on Form 20-F. The numbers for our key metrics (Unit Economics), which include, among other, active clients and average revenue per active client (ARPAC), are calculated using Inter’s internal data. Although we believe these metrics are based on reasonable estimates, there are challenges inherent in measuring the use of our business. In addition, we continually seek to improve our estimates, which may change due to improvements or changes in methodology, in processes for calculating these metrics and, from time to time, we may discover inaccuracies and adjust to improve accuracy, including adjustments that may result in recalculating our historical metrics.
About Non-IFRS Financial Measures
To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Inter&Co also presents non-IFRS measures of financial performance, as highlighted throughout the documents. The non-IFRS Financial Measures include, among others: Adjusted Net Income, Cost of Funding, Efficiency Ratio, Cost of Risk, Cards+PIX TPV, Gross ARPAC, Global Clients, Total Gross Revenues, and Return on average equity (ROE).
A “non-IFRS financial measure” refers to a numerical measure of Inter&Co’s historical or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Inter&Co’s financial statements. Inter&Co provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered together with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Inter&Co’s performance to that of other companies.
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