Itaúsa (ITSA4) AGM 2025 summary

Opening remarks and agenda

• Event marked the 50th anniversary, highlighting legacy, values, and a new brand identity reflecting adaptability and modernity.

• The agenda included discussions on governance, solidity, association, and sustainability, with participation from CEOs of key portfolio companies.

• Attendees were encouraged to engage via Q&A, with incentives such as a commemorative book for early participants.

Financial performance review

• Recurring net income for 1H25 reached R$7.9 billion, up 10% from 1H24.

• Net dividends for 1H25 totaled R$2.7 billion, a 47% increase over 1H24.

• Net debt decreased by 30% to R$587 million as of June 30, 2025.

• Recurring ROE for 1H25 was 18%, up 0.3 percentage points from 1H24.

• Dividend yield for 1H25 rose to 9.8% from 8.6% in 1H24.

Board and executive committee updates

• Board comprises 10 members, half independent, with strong committee structures ensuring autonomy and robust governance.

• Strategic committee and independent board members actively monitor and guide portfolio performance and risk.