Banco BMG (BMGB4) investor relations material

Executive summary

• Net income for 3Q25 was R$148 million, up 27.4% year-over-year, with ROAE at 16.6%, reflecting consistent improvement and a focus on sustainable results.

• Digitalization, disciplined execution, and customer service excellence drove profit growth and operational efficiency.

• Asset quality improved, with a 0.8 p.p. reduction in loans over 90 days past due and NPL at 3.9%.

• Basel capital ratio strengthened to 13.1% after a capital increase of about R$50 million.

• Celebrated 95 years with a strong brand and expanded digital, insurance, and benefit payroll offerings.

Financial highlights

• Net revenue per client increased to BRL 50, and net interest margin after provisions rose 8% year-over-year.

• Origination in digital channels rose 54%, with 40% of core credit products self-contracted; cross-sell ratio improved by 13% to 2.28 products per customer.

• Net income for 9M25 reached R$388 million, a 22.9% increase year-over-year.

• Retail insurance net income reached a record BRL 45 million, with full ownership of BMG Insurance acquired.

• Total credit portfolio stood at R$23.5 billion at 3Q25, down 6.7% year-over-year, reflecting a shift to more profitable products.

Outlook and guidance

• Strategic focus on growing private and public payroll portfolios, with private payroll as a key future growth driver.

• Plans to expand to around 900 help! stores in 2025, emphasizing asset-light, scalable distribution.

• Ongoing investment in technology and AI to drive operational efficiency and customer satisfaction.

• Continued emphasis on payroll products, digital transformation, and insurance business for growth.

• Expectation of significant growth in private payroll origination in upcoming quarters.