Recent developments include AGI's capital raise through a second FIDC structuring, launch of an asset management division, record profit announcement for 2025, and upcoming financial results announcements.

• Agibank closed its second FIDC structuring, raising R$2.5 billion to support its funding and credit operations [N1].
• AGI announced plans to release first quarter 2026 financial results on May 5, 2026 [N2].
• AGI Inc. reported record profit exceeding R$1 billion and robust asset growth of 62% in 2025 [N3].
• The company announced fourth quarter and fiscal year 2025 financial results on March 23, 2026 [N4].
• Agibank launched an asset management division in March 2026 to diversify its financial services offerings [N5].

AGI Inc has demonstrated rapid growth in active clients and loan portfolio, supported by a scalable hybrid platform and expanding physical presence through Smart Hubs. The company achieved record revenues and net income in 2025, reflecting operational leverage and effective risk management. The launch of an asset management division and successful capital raising through FIDC structuring indicate strategic diversification and financial strength. AGI's strong capital ratios and liquidity coverage provide a solid foundation for continued business expansion and resilience in credit origination.

AGI Inc faces risks related to credit portfolio quality, as indicated by a non-performing loan ratio of 3.7% and increasing expected credit losses. The decline in risk-adjusted net interest margin from 11.9% in 2024 to 8.1% in 2025 may pressure profitability. The company's reliance on regulatory approvals and compliance, including agreements with the INSS, introduces operational risks. Market competition in the Brazilian digital banking sector is intense, which could impact client acquisition and retention. Additionally, the company's governance structure follows Cayman Islands practices, which differ from NYSE standards, potentially affecting investor perceptions.

AGI Inc's competitive moat is supported by its hybrid digital banking platform that integrates technology with a physical network of over 1,100 Smart Hubs across Brazil, enabling broad client reach and efficient onboarding. The company's scale, with 6.7 million active clients and a large loan portfolio, provides revenue diversification and cross-selling opportunities. AGI's proprietary technology platform and data architecture contribute to operational efficiency and scalability. The company's strong capital adequacy and liquidity position support its ability to sustain growth and manage credit risk. Additionally, AGI's brand recognition and regulatory compliance in the Brazilian market enhance its competitive positioning.

• Credit Risk: The company’s credit portfolio has a non-performing loan ratio of 3.7% and expected credit losses increased to R$1.7 billion in 2025, reflecting credit risk exposure that could affect financial performance.
• Regulatory and Compliance Risk: AGI operates under Brazilian financial regulations and has agreements with the INSS; failure to comply with regulatory obligations could result in operational suspensions or adverse consequences.
• Market Competition: The Brazilian digital banking market is competitive, which may challenge AGI’s ability to maintain growth in active clients and market share.
• Profitability Pressure: The risk-adjusted net interest margin declined from 11.9% in 2024 to 8.1% in 2025, which may pressure future profitability.
• Governance Differences: AGI follows Cayman Islands corporate governance practices, which differ from NYSE requirements, potentially affecting investor confidence.

• AGI Inc is a Cayman Islands-incorporated financial services group with 15 entities including AGI Inc and 14 subsidiaries incorporated in Brazil.
• The company operates primarily in Brazil with headquarters in Campinas, São Paulo.
• AGI Inc operates a digital banking platform with a hybrid data architecture including physical data centers in Porto Alegre and cloud services in São Paulo and Rio de Janeiro.
• As of December 31, 2025, AGI Inc had 6.7 million active clients, growing at a CAGR of 46.5% from 2022 to 2025.
• The company operates 1,111 Smart Hubs as of December 31, 2025, a physical network growing at a CAGR of 8.0% since 2022.
• Annual average revenue per active client (ARPAC) was R$1,966.9 in 2025, slightly decreased from prior years due to client mix changes.
• Total loans to customers reached R$34,855 million in 2025, growing 43.9% year-over-year.
• Gross credit origination was R$29,918 million in 2025.
• Non-performing loans (NPL) ratio was 3.7% in 2025.
• Total revenues were R$10,694 million in 2025, representing 46.8% growth from 2024.
• Net income was R$1,046.6 million in 2025, a 31.7% increase from 2024.
• Risk-adjusted net interest margin (NIM) was 8.1% in 2025, down from 11.9% in 2024.
• Efficiency ratio improved to 40.6% in 2025 from 46.5% in 2024.
• Return on average equity (ROAE) was 35.8% in 2025.
• Total funding was R$38,845 million in 2025.
• Total equity was R$3,276.9 million in 2025.
• Basel regulatory capital ratio was 15.5% in 2025, above the minimum regulatory requirement of 10.5%.
• Liquidity coverage ratio (LCR) was 1770% as of December 31, 2025, indicating strong liquidity.
• The company completed its initial public offering on February 10, 2026, and its shares are listed on the NYSE under ticker AGBK.
• AGI Inc has a board of directors composed of seven members with diverse backgrounds in finance, investment, and government.
• The executive management team includes CEO Marciano Testa and COO Glauber Marques Correa among others.
• AGI Inc launched an asset management division in March 2026.
• In April 2026, AGI closed its second FIDC structuring, raising R$2.5 billion.
• The company announced record profit exceeding R$1 billion and robust asset growth of 62% in 2025.
• AGI plans to announce first quarter 2026 financial results on May 5, 2026.