Itaúsa (ITSA4) Investor presentation summary

Strategic positioning and portfolio

• Largest investment holding in Brazil, with a market value of R$153 billion and a diversified portfolio of seven leading companies across strategic sectors, including finance, infrastructure, energy, and consumer goods.

• Active in efficient capital allocation, business continuity, and shared culture, with a focus on sustainable value creation and long-term investments.

• Portfolio companies include market leaders such as Itaú Unibanco, Dexco, Alpargatas, Motiva, Aegea, Copa Energia, and NTS, with significant influence and board representation.

• Member of Dow Jones Sustainability Indices and recognized for strong ESG practices.

Investment performance and financial results

• Portfolio market value reached R$201.1 billion as of January 2026, with a recurring net income of R$12.0 billion and a recurring ROE of 17.9% for 9M25.

• Total shareholder return (TSR) since acquisition for key assets: NTS 428%, Copa Energia 229%, Aegea >100%, all outperforming CDI and IBOV benchmarks.

• ITSA4 shares outperformed IBOVESPA and IBrX100 over 5 and 10 years, with a 59.4% return in 2025 and 474.2% over 10 years.

• Recurring net income for 9M25 grew 8% year-over-year, with shareholders' equity up 7% and net debt reduced by 26%.

Capital structure, debt, and dividends

• Robust balance sheet with net debt at R$697 million and gross debt reduced by 33% in 2025, with an average cost of CDI +1.11% and an average term of 7.4 years.

• Maintains a Triple A (AAA) credit rating from Moody's, S&P, and Fitch.

• Among the top three dividend yields on B3, with a growing payout and quarterly dividend distribution; 2025 dividend yield at 14.8%.

• Non-financial sector dividends have a CAGR of 22.7% from 2022 to 2025.