v3.26.1
Consolidated statement of cash flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Profit before income taxes R$ 2,549,424 R$ 2,379,929 R$ 2,017,107
Expenses (revenues) not affecting cash:      
Depreciation and amortization 1,807,514 1,600,932 1,355,653
Chargeback 251,645 345,799 426,740
Credit loss allowance expenses 129,293 110,280 109,308
Accrual of provision for contingencies, net 141,660 45,707 59,197
Share based long term incentive plan (LTIP) 112,098 178,692 144,617
Loss on disposal of property, equipment, intangible, inventories and investment assets 182,679 207,506 295,989
Loss (gain) on non-realized derivative financial instruments, net (20,551) 52,802 1,025
Interest income and expense accrued, net 2,158,902 1,072,588 585,868
Other (income) cost, net (942) 1,234 (1,750)
Changes in operating assets and liabilities      
Accounts receivable (5,054,564) (20,099,278) (10,213,932)
Credit portfolio (1,159,745) (1,319,719) (317,563)
Compulsory reserves 1,056,353 (1,947,170) (1,274,173)
Inventories 0 5,225 (20,256)
Recoverable taxes (81,161) (167,291) (59,927)
Other receivables (112,242) (101,614) (9,850)
Deferred revenue (35,449) (756) 2,123
Other liabilities (77,856) 58,356 8,352
Payables to third parties (711,175) 1,488,877 962,405
Checking accounts (630,604) 343,095 2,468,088
Obligations to FIDC quota holders (50,608) 1,000,000 0
Trade payables (53,904) 148,601 63,498
Receivables from (payables to) related parties (344,901) 583,486 (191,812)
Banking issuances 4,561,834 9,017,299 4,945,183
Salaries and social security charges (19,113) 57,396 51,457
Taxes and contributions (165,610) (95,394) 127,276
Provision for contingencies (54,775) (35,291) (28,652)
Total adjustments to reconcile profit (loss) 4,378,202 (5,068,709) 1,505,971
Income tax and social contribution paid (187,905) (157,340) (82,633)
Interest income received (paid), net 3,372,134 1,809,756 2,576,415
NET CASH PROVIDED (USED IN) BY OPERATING ACTIVITIES 7,562,431 (3,416,293) 3,999,753
CASH FLOWS FROM INVESTING ACTIVITIES      
Amount paid on acquisitions, net of cash acquired 0 0 (31,313)
Purchases of property and equipment (1,040,040) (1,131,878) (951,558)
Purchases and development of intangible assets (1,236,820) (1,188,763) (1,036,806)
Redemption (acquisition) of financial investments (22,936) 490,552 (684,120)
NET CASH USED IN INVESTING ACTIVITIES (2,299,796) (1,830,089) (2,703,797)
CASH FLOWS FROM FINANCING ACTIVITIES      
Additions from borrowings 6,198,654 8,883,160 300,000
Payment of borrowings (8,504,049) (4,785,598) (109,613)
Acquisition of treasury shares (1,330,183) (784,459) (399,408)
Payment of leases (19,621) (18,590) (16,972)
Derivative financial instruments, net (60,542) (19,523) 0
Distribution of dividends (617,055) 0 0
NET CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES (4,332,796) 3,274,990 (225,993)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 929,839 (1,971,392) 1,069,963
Cash and cash equivalents at the beginning of the year 927,668 2,899,060 1,829,097
Cash and cash equivalents at the end of the year R$ 1,857,507 R$ 927,668 R$ 2,899,060