BRBI BR Partners (BRBI11) investor relations material

Executive summary

• Demonstrated operational resilience amid challenging geopolitical and macroeconomic conditions in 1Q26, with revenue growth and stable business lines.

• Maintained a strong position in Investment Banking and Capital Markets, supported by a rebound in M&A and strong primary market activity.

• Continued investment in talent, especially at junior and mid-levels, to support long-term growth.

Financial highlights

• Total revenue reached R$134.8 million, up 2.7% sequentially and 5.7% year-over-year.

• Client revenues were R$106.7 million, increasing 0.9% from 4Q25 and 7.7% from 1Q25.

• Net income was R$37.7 million, down 15.3% sequentially and 12.5% year-over-year.

• ROAE stood at 19.1% for 1Q26, down from 22.4% in 4Q25.

• Dividend payout of R$0.18 per unit, totaling R$18.9 million with a 50% payout ratio and 3.3% dividend yield.

Outlook and guidance

• Continued focus on diversifying into non-cyclical verticals to reduce business volatility.

• M&A activity shows signs of recovery, but execution risks have increased due to macroeconomic instability and persistent high interest rates.

• Capital Solutions advisory expected to benefit from ongoing demand in a high-rate environment.

• Cautious capital markets outlook as risk aversion rises among institutional investors.

• Ongoing investment in people and internal promotions to support long-term growth.