| Schedule of Third Party Funds |
| | |
December 31,
2025 | | |
December 31,
2024 | |
| User balance - CDBs (1) | |
| 27,838,964 | | |
| 19,094,153 | |
| User balance - Payment accounts (2) | |
| 856,573 | | |
| 889,296 | |
| Other obligations under financial Instruments(3) | |
| 752,571 | | |
| - | |
| Balance of commercial establishments – corporates (4) | |
| 526,607 | | |
| 220,525 | |
| Deposits – corporate customers | |
| 115 | | |
| - | |
| Bank slips to be processed (5) | |
| - | | |
| 14 | |
| Total | |
| 29,974,830 | | |
| 20,203,988 | |
| (1) | PicPay Bank offers CDBs to its users. These instruments are
indexed to the CDI and may be either redeemable at any time or subject to fixed maturity dates. As of December 31, 2025, the average
yield rate on these CDBs was approximately 96% of the CDI. |
| (2) | Refers to the balance of the payment accounts held by users
backed by financial investments (as disclosed in note 30.2 a) and amounts referring to withdrawals pending processing at the recipient’s
bank. |
| (3) | Refers to non-convertible subordinated Financial Letters, namely:
a fixed-rate senior Financial Letter (R$ 244,114) and a CDI-indexed subordinated Financial Letter (R$ 508,457), maturing on December
22, 2027 and December 28, 2039, respectively. |
| (4) | Refers to balances payable to commercial establishments related
to the processing of sales via the PicPay payment arrangement. |
| (5) | Bank slips paid with the PicPay application outside the bank
clearing period. |
|