Banco Bradesco (BBDC4) Investor presentation summary

Strategic direction and transformation

• Focus on evolving culture, customer-centricity, and empowered teams to drive results and innovation.

• Transformation plan emphasizes digital acceleration, efficiency, and new organizational structure.

• Segmented approach to clients, with tailored products and services for individuals, SMEs, corporates, and high-income segments.

• Expansion of digital retail, with over 19 million fully digital clients and significant cost-to-serve reductions.

• Enhanced use of generative AI and machine learning for productivity, customer engagement, and security.

Financial performance and profitability

• Recurring net income reached R$6.5bn in 4Q25, up 20.6% year-over-year; 2025 net income totaled R$24.7bn, up 26.1%.

• ROAE at 15.2% in 4Q25, exceeding cost of capital.

• Total revenue for 4Q25 was R$36.1bn, with net interest income of R$19.2bn and fee income of R$11.1bn.

• Operating expenses grew 8.5% in 2025, in line with expectations, with ongoing footprint optimization.

• Efficiency ratio improved to 50.0% in 2025.

Credit portfolio and risk management

• Expanded loan portfolio reached R$1.089tn, up 11% year-over-year, with balanced growth across individuals, SMEs, and corporates.

• Over 90-day NPL stable at 4.1%, with improved asset quality and reduced problematic assets.

• 59.5% of the credit portfolio is secured, supporting risk-adjusted returns.

• Loan loss provisions and cost of risk remain under control, with stage 3 NPL coverage at 103%.