In its latest quarterly filing, XP Inc. reported stable operating results for the nine months ended September 30, 2025, underscoring resilience amid a competitive and regulated financial landscape. The company’s multi-jurisdictional model combining investment products, asset management, and credit operations benefits from strong credit risk mitigation policies, collateral management, and governance mechanisms. Growth continues to be driven by expanding client assets under management, international presence, and product innovation. Legal and regulatory risks persist but are managed within current provisions. Liquidity and capital resources remain adequate to support strategic initiatives.