AGI (AGBK) Q1 2026 earnings summary

Executive summary

• Active clients surpassed 7 million in 1Q26, up over 52.6% year-over-year, reflecting strong execution, platform recognition, and recovery from prior disruptions.

• Product penetration and cross-selling increased, with primary relationship clients using more products over time.

• Transitioned to a business unit-driven, AI-integrated organization, enhancing agility, decision-making, and scalability.

• Maintained focus on underserved markets, especially payroll lending, leveraging technology, data, and AI.

• Achieved operational normalization with credit origination and fee revenues accelerating above pre-suspension levels.

Financial highlights

• Total revenues reached R$2,996.6 million, up 24% year-over-year and 1.3% sequentially.

• Net interest income grew 9.5% year-over-year to R$1,268.6 million; NIM annualized at 12%.

• Net income was R$186.5 million, up 14.7% over the previous quarter on a recurring basis.

• Total deposits increased 37% year-over-year to R$39.3 billion.

• Equity rose 64% year-over-year to R$4.7 billion, driven by profits and IPO proceeds.

Outlook and guidance

• Exited 1Q26 at normalized and structurally stronger activity levels, with expectations for continued growth in credit origination and fee revenues.

• No formal financial guidance provided for 2026; forward-looking statements highlight growth expectations but note risks and uncertainties.