ITAÚ UNIBANCO - MATERIAL FACT - Projections 2025

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Itaú Unibanco (NYSE:ITUB) has released revised financial projections for 2025, updating key performance metrics. The bank has notably increased its guidance for financial margin with clients to 11.0%-14.0% from the previous 7.5%-11.5% range.

The bank maintained several projections, including total credit portfolio growth of 4.5%-8.5%, financial margin with the market between R$1.0-3.0 billion, and cost of credit between R$34.5-38.5 billion. The effective tax rate forecast was adjusted upward to 28.5%-30.5% from 27.0%-29.0%.

Itaú disclosed a cost of capital of approximately 15.0% per year for business management purposes as of February 2025.

Positive

• Increased guidance for financial margin with clients to 11.0%-14.0%, up from 7.5%-11.5%
• Maintained positive credit portfolio growth projection of 4.5%-8.5%
• Stable financial margin with market projection between R$1.0-3.0 billion

Negative

• Higher effective tax rate projection of 28.5%-30.5%, increased from 27.0%-29.0%
• Significant cost of credit projected between R$34.5-38.5 billion

SÃO PAULO, Aug. 5, 2025 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco" or "Company"), in compliance with the provisions of Article 157, paragraph 4 of Law No. 6,404/76 and Resolution No. 44/21 of the Brazilian Securities and Exchange Commission (CVM), informs its stockholders and the market in general that it released as of this date its revised projections for the year 2025 in accordance with item 3 ("Projections") of the Reference Form.

2025 Forecast	Consolidated	Reviewed
Total credit portfolio¹	Growth between 4.5% and 8.5%	Maintained
Financial margin with clients	Growth between 7.5% and 11.5%	Growth between 11.0% and 14.0%
Financial margin with the market	Between R$1.0 bn and R$3.0 bn	Maintained
Cost of credit²	Between R$34.5 bn and R$38.5 bn	Maintained
Commissions and fees and results from insurance operations³	Growth between 4.0% and 7.0%	Maintained
Non-interest expenses	Growth between 5.5% and 8.5%	Maintained
Effective tax rate	Between 27.0% and 29.0%	Between 28.5% and 30.5%
(1) Includes financial guarantees provided and private securities; (2) Composed of Expected Loss Expenses, discounts granted and Recovery of Losses Written of as Losses; (3) Commissions and fees (+) income from insurance, pension plan and premium bonds operations (-) expenses for claims (-) insurance, pension plan and premium bonds selling expenses.

It is important to mention that, as of February 2025, the company considers a cost of capital of around 15.0% p.y. in the management of its businesses.

Information on outlooks for the business, projections, and operational and financial goals are solely forecasts, based on management's current outlook in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, the general economic performance of the country, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information.

Gustavo Lopes Rodrigues

Investor Relations Officer

Contact: Itaú Unibanco – Comunicação Corporativa
Phone: (11) 5019-8880 / 8881
E-mail: imprensa@itau-unibanco.com.br

View original content:https://www.prnewswire.com/news-releases/itau-unibanco---material-fact--projections-2025-302522570.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What are Itaú Unibanco's (ITUB) credit portfolio growth projections for 2025?

Itaú Unibanco projects its total credit portfolio to grow between 4.5% and 8.5% in 2025.

What is ITUB's projected financial margin with clients for 2025?

The bank raised its financial margin with clients growth projection to 11.0%-14.0%, up from the previous 7.5%-11.5% range.

What is Itaú Unibanco's cost of capital as of February 2025?

Itaú Unibanco considers a cost of capital of approximately 15.0% per year in the management of its businesses.

What is ITUB's projected effective tax rate for 2025?

The bank increased its effective tax rate projection to 28.5%-30.5%, up from the previous range of 27.0%-29.0%.

What is Itaú's projected cost of credit for 2025?

Itaú maintains its cost of credit projection between R$34.5 billion and R$38.5 billion for 2025.