XP Inc. Files Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023

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XP Inc. (Nasdaq: XP) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report is available on the SEC's website and XP Inc.'s Investor Relations website. Shareholders can request a hard copy free of charge.

Financial Analyst

XP Inc.'s filing of its Annual Report on Form 20-F is a significant disclosure for investors, offering a comprehensive overview of the company's financial performance for the past year. Reviewing the financial statements, one should focus on key metrics such as revenue growth, profit margins and cash flow generation. It's particularly important to compare these figures with past performance and industry benchmarks. For investors in the Brazilian market, understanding XP Inc.'s position relative to competitors and its market share evolution is pivotal. As Brazil's economy has unique challenges and opportunities, one must also consider macroeconomic factors such as inflation rates and currency fluctuations when evaluating the company's financial health.

Market Research Analyst

Beyond the bare numbers, it's essential to interpret the strategic initiatives XP Inc. outlined in its report. Any mention of user growth, especially in a tech-driven platform like XP Inc., may indicate the company's ability to scale and maintain competitive advantage. Furthermore, since the company operates in the financial sector, regulatory changes are a critical external factor that can significantly influence future performance. Investor sentiment often responds to such qualitative insights, which can be just as influential as quantitative data. Thus, analyzing market trends and the competitive landscape in the financial services industry in Brazil will provide a broader context for XP Inc.'s annual results.

SÃO PAULO--(BUSINESS WIRE)-- XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that it has filed with the U.S. Securities and Exchange Commission (the "SEC") its Annual Report on Form 20-F for the fiscal year ended December 31, 2023.

The report is available on the SEC's website, at www.sec.gov, and on XP Inc.’s Investor Relations website, at https://investors.xpinc.com.

Shareholders may receive a hard copy of the Form 20-F, free of charge, by making a request within a reasonable period of time to XP's Investor Relations Department at ir@xpi.com.br.

About XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

• Educating new classes of investors;
• Democratizing access to a wider range of financial services;
• Developing new financial products and technology applications to empower clients; and
• Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," “aim,” "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control. XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240426945600/en/

Investor Contact: ir@xpi.com.br

IR Website: investors.xpinc.com

Source: XP Inc.

FAQ

What form did XP Inc. file for the fiscal year ended December 31, 2023?

XP Inc. filed its Annual Report on Form 20-F.

Where can shareholders access the filed report?

Shareholders can access the report on the SEC's website and XP Inc.'s Investor Relations website.

How can shareholders request a hard copy of the report?

Shareholders can request a hard copy free of charge by contacting XP's Investor Relations Department at ir@xpi.com.br.