Itaú Unibanco (NYSE: ITUB) outlines 2026 guidance using 2025 adjusted results

Rhea-AI Filing Summary

Itaú Unibanco Holding S.A. filed a Form 6-K to inform investors that it has released its projections for the year 2026, prepared in line with the “Projections” section of its Reference Form. Management indicates it is using a cost of equity of around 15% per year for business management purposes.

The 2026 guidance uses the 2025 adjusted income statement as a starting point, with adjustment details available in the Management Discussion & Analysis (page 28) and the fourth quarter 2025 earnings presentation (page 16). A detailed 2025 Adjusted Income Statement spreadsheet can be downloaded from the company’s investor relations website.

The company emphasizes that its business outlook, projections, and operational and financial goals are forecasts based on current management expectations and may differ from actual results due to market conditions, economic performance, sector dynamics, and international market developments.

Insights

Sell-side banking analyst

Itaú Unibanco publishes 2026 guidance anchored on 2025 adjusted results.

Itaú Unibanco has issued 2026 projections, explicitly tying them to its 2025 adjusted income statement. This provides a structured baseline for understanding how management is framing next year’s performance, even though specific target figures are not detailed in this excerpt.

Management also states it is using a cost of equity of around 15% per year for business management purposes, offering insight into its internal return expectations. The bank stresses that projections are forward-looking and dependent on macroeconomic, sector, and international conditions, underlining typical forecasting uncertainty.

Investors can align their own models by reviewing the 2025 adjusted income statement details in the MD&A (page 28), the Q4 2025 earnings presentation (page 16), and the downloadable spreadsheet from the investor relations website, which together frame the base from which 2026 guidance was derived.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the month of February, 2026

Comission File Number: 001-15276

Itaú Unibanco Holding S.A.

(Exact name of registrant as specified in its charter)

Itaú Unibanco Holding S.A.

(Translation of Registrant’s Name into English)

Praça Alfredo Egydio de Souza Aranha, 100 - Torre Conceição

CEP 04344-902 São Paulo, SP, Brazil (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒

Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐

No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐

No ☒

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐

No ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

82– __________________

EXHIBIT INDEX

99.1 ITAÚ UNIBANCO - Material Fact: Projections 2026

.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 4, 2026.

Itaú Unibanco Holding S.A.

By: /s/ Gustavo Lopes Rodrigues

Name: Gustavo Lopes Rodrigues

Title: Investor Relations Officer.

Material Fact 2026 Guidance 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 projections for the year 2026 in accordance with item 3 (“Projections”) of the Reference Form. In addition, the company considers cost of equity of around 15% p.a. for business management purposes. Information on business outlook, projections, and operational and financial goals are solely forecasts, based on management’s current expectation in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, the country’s economic performance, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information. São Paulo ‐ SP, February 04, 2026. Gustavo Lopes Rodrigues Investor Relations Officer 2026 guidance considers the 2025 adjusted income statement as a starting point. The adjustment details are available at the Management Discussion & Analysis report (“MD&A”, page 28) and at the fourth quarter of 2025 earnings presentation (page16). The 2025 Adjusted Income Statement spreadsheet is available for download at the Investors Relations website. Click here to access it.

FAQ

What did Itaú Unibanco (ITUB) disclose in its February 2026 Form 6-K?

Itaú Unibanco disclosed that it released its projections for 2026, in line with the “Projections” section of its Reference Form. The bank also clarified that these projections are forward-looking and may differ from actual results depending on economic, sector, and market conditions.

What cost of equity is Itaú Unibanco (ITUB) using for 2026 business management?

Itaú Unibanco states it is considering a cost of equity of around 15% per year for business management purposes. This rate reflects the return threshold management applies when evaluating performance and planning, and it anchors internal decision-making around capital allocation and profitability.

On what basis did Itaú Unibanco build its 2026 guidance?

The 2026 guidance is built using the 2025 adjusted income statement as a starting point. Details of these 2025 adjustments are presented in the Management Discussion & Analysis report on page 28 and in the fourth quarter 2025 earnings presentation on page 16.

Where can investors find detailed data behind Itaú Unibanco’s 2026 projections?

Investors can access the 2025 Adjusted Income Statement spreadsheet via Itaú Unibanco’s investor relations website. The company also directs readers to the MD&A report (page 28) and the Q4 2025 earnings presentation (page 16) for adjustment and methodological details.

How does Itaú Unibanco describe the nature of its 2026 projections?

The bank explains that its business outlook, projections, and operational and financial goals are forecasts based on management’s current expectations. It cautions that actual results may differ due to market conditions, Brazil’s economic performance, sector trends, and international market developments.

Who signed Itaú Unibanco’s Form 6-K containing the 2026 guidance disclosure?

The Form 6-K was signed on behalf of Itaú Unibanco Holding S.A. by Gustavo Lopes Rodrigues, the company’s Investor Relations Officer. The document is dated February 4, 2026, and formalizes the release of guidance information to shareholders and the broader market.