| Deferred tax position |
10.
Deferred tax position
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Income tax and social contribution to offset (1) | |
| 1,533,487 | | |
| 1,212,616 | |
| Deferred tax assets (2) | |
| 2,075,930 | | |
| 566,237 | |
| Total | |
| 3,609,417 | | |
| 1,778,853 | |
| (1) | Primarily relates to withholding income tax and social contribution
on income from financial investments which can be used to settle other federal tax amounts due. For December 31, 2025, the amount of
RS 90,450 refers to inflation indexation as “Other income” in the consolidated statements of profit or loss while such amount
for December 31, 2024 was R$ 76,571. |
| (2) | The variation in the period is due to the constitution of deferred
tax asset (DTA) by PicPay Instituição de Pagamento and the increase of Bank’s DTA related to provision for credit losses. |
10.1 Deferred tax assets
| | |
December 31,
2024 | | |
Realization | | |
Additions | | |
December 31,
2025 | |
| Temporary differences | |
| 492,390 | | |
| (580,488 | ) | |
| 1,458,063 | | |
| 1,369,967 | |
| Provisions for credit losses | |
| 405,475 | | |
| (530,898 | ) | |
| 1,137,055 | | |
| 1,011,633 | |
| Fair value adjustment - Financial assets measured at fair value through profit or loss | |
| 69,523 | | |
| (26,646 | ) | |
| - | | |
| 42,877 | |
| Others | |
| 17,393 | | |
| (22,944 | )(1) | |
| 321,008 | (4) | |
| 315,457 | |
| | |
| | | |
| | | |
| | | |
| | |
| Tax loss and social contribution negative basis (2) | |
| 73,847 | | |
| (9,295 | )(2) | |
| 641,411 | (3) | |
| 705,963 | |
| Total | |
| 566,237 | | |
| (589,783 | ) | |
| 2,099,474 | | |
| 2,075,930 | |
| (1) | The realization refers to the payment of the profit sharing
programs. |
| (2) | The realization refers to the subsidiary Guiabolso Finanças
e Correspondente Bancário e Serviços Ltda., which has been occurring in taxable profit since January, 2025. |
| (3) | In 2025, PicPay reported accounting and taxable income, consolidating
the prospect of recoverability of deferred tax assets. Therefore, deferred tax assets have been recognized based on the projection of
future taxable income supported by approved business plans and budgets. |
| (4) | The amounts mainly represent temporary adjustments for the fiscal
year ending December 31, 2025, including adjustments related to profit sharing, long-term incentives, contingencies, among others. |
10.2 Deferred tax liability
On December 31, 2025, PicPay Bank recognized a deferred tax liability
related to the mark-to-market valuation of DI and DDI futures derivatives. The taxes will be due upon realization of the securities, as
permitted by Law.
| | |
December 31,
2024 | | |
Realization | | |
Additions | | |
December 31,
2025 | |
| Fair value adjustment – future contract (DI and DDI) | |
| - | | |
| - | | |
| 37,791 | | |
| 37,791 | |
| Total | |
| - | | |
| - | | |
| 37,791 | | |
| 37,791 | |
|