Financial Investments and Derivatives (Tables)

12 Months Ended

Dec. 31, 2025

Financial Investments and Derivatives [Abstract]

Schedule of Financial Investments - Securities

		Up to 30 days				From 61 to 90 days				From 91 to 180 days				From 181 to 365 days				Over 365 days				Cost Value				Adjustment to fair value				Fair Value
Financial assets measured at fair value through profit or loss			-				1				-				-				42,426				42,427				8				42,435
Government Bonds - LFT ⁽¹⁾			-				-				-				-				35,195				35,195				8				35,203
Other investments			-				1				-				-				7,231				7,232				-				7,232
Financial assets measured at fair value through other comprehensive income			818,751				42,590				-				114,037				2,022,256				2,997,634				2,917				3,000,551
Government Bonds - LFT ^{(1) (3)}			818,751				42,590				-				114,037				2,021,222				2,996,600				2,916				2,999,516
Government Bonds – NTN-B ⁽⁴⁾			-				-				-				-				1,034				1,034				1				1,035
Financial assets measured at amortized cost			199,880				-				97,331				141,957				2,444,596				2,883,764				7,325				2,891,089
Government Bonds - LTN ^{(2) (5)}			199,880				-				97,331				141,957				510,963				950,131				15,709				965,840
Government Bonds - NTN-F ⁽⁶⁾			-				-				-				-				1,833,707				1,833,707				(8,384	)			1,825,323
Investment Fund Quotas			-				-				-				-				99,926				99,926				-				99,926
Total			1,018,631				42,591				97,331				255,994				4,509,278				5,923,825				10,250				5,934,075

		Up to 30 days				From 61 to 90 days				From 181 to 365 days				Over 365 days				Cost value				Adjustment to fair value				Fair value
Financial assets at fair value through other comprehensive income			919,104				22,149				527,092				1,678,450				3,146,795				(47,718	)			3,099,077
Government Bonds - LFT ^{(1) (3)}			919,104				22,149				527,092				828,645				2,296,990				1,719				2,298,709
Government Bonds - LTN ^{(2) (5)}			-				-				-				849,805				849,805				(49,437	)			800,368
Financial assets at fair value through profit or loss			-				39,552				-				6,312				45,864				-				45,864
Government Bonds - LFT ⁽¹⁾			-				39,552				-				-				39,552				-				39,552
Other investments			-				-				-				6,312				6,312				-				6,312
Total			919,104				61,701				527,092				1,684,762				3,192,659				(47,718	)			3,144,941

(1)	Treasury Selic (LFT): Variable interest rate bonds whose returns follow the variation of the SELIC. The Group makes the investment and receives the face value (amount invested plus interest) on the maturity date of the bond.

(2)	Fixed Treasury (LTN): Government bonds with a fixed interest rate at the time of purchase. The Group makes the investment and receives the face value (amount invested plus interest), on the maturity date of the bond.

(3)	The Group allocated the guarantees for credit card transactions in LFT; refer to note 14.1.2 for further details.

(4)

National Treasury Notes (NTN-B): Variable income securities whose yield follows the variation of the Brazilian official inflation index (The IPCA (Índice de Preços ao Consumidor Amplo) is Brazil’s official consumer price inflation index which measures the change in the cost of a basket of consumer goods and services and is calculated by the Brazilian Institute of Geography and Statistics (IBGE) “IPCA”) plus a fixed-rate coupon. The Group makes the investment and receives the nominal value (amount invested adjusted for IPCA variation plus interest) on the security’s maturity date.

(5)

In June 2025 the business model was changed and approved by Management to reclassify a financial asset previously classified as Fair Value through Other Comprehensive Income (FVOCI) in December 31, 2024 to Financial assets measured at amortized cost. This adjustment occurred on July 1, 2025, related to the Mark-to-Market (MTM) valuation, resulting in a financial impact of R$ 24,696, so that it is measured as if it had been originally classified in the Amortized Cost category.

(6)	National Treasury Note (NTN-F): Government bonds with a fixed interest rate at the time of purchase. The Group makes the investment and receives the face value (amount invested plus interest), on the maturity date of the bond.

Schedule of Derivative Financial Instruments

Fair Value and Notional values by risk factor and maturity as of December 31, 2025

		Fair Value				Notional value				Up to 30 days				From 31 to 365 days				Over 365 days
Assets
Derivative hedging instrument of portfolio hedge accounting
Derivatives financial instruments (Swap)			27,572				1,201,903				11,088				5,601				10,883
DI1 – future contract ^{(1) (2)}			1,299				11,779,400				1,299				-				-
Total			28,871				12,981,303				12,387				5,601				10,883

Derivatives measured at fair value through profit and loss
DI1 and DDI - future contract ^{(1) (2)}			145				1,274,996				145				-				-
Total			145				1,274,996				145				-				-
Total assets			29,016				14,256,299				12,532				5,601				10,883

Liabilities
Derivatives measured at fair value through profit and loss
DI1 – future contract ^{(1) (2)}			1,674				3,252,200				1,674				-				-
Derivative financial instrument (Swap)			14,077				661,322				14,077				-				-
Total liabilities			15,751				3,913,522				15,751				-				-

Fair Value and Notional values by risk factor and maturity as of December 31, 2024

		Fair Value				Notional value				Up to 30 days				From 31 to 365 days				Over 365 days
Assets
Derivative hedging instrument of portfolio hedge accounting
Derivatives financial instruments			54,187				1,982,636				-				7,118				47,069
DI1 - future contract ^{(1) (2)}			-				2,950,455				-				-				-

Derivatives measured at fair value though profit and loss
DI1 – future contract ^{(1) (2)}			-				5,195				-				-				-
Total assets			54,187				4,938,286				-				7,118				47,069

(1)	As of December 31, 2025 and 2024 – DI1 Futures Contracts are commitments to buy or sell a financial instrument at a future date, at a contracted price or yield. For these instruments, daily settlements are made related to changes in market prices.

(2)	PicPay started the portfolio fair value hedge of interest rate risk in February 2024.