v3.26.1
Securities at fair value through profit or loss (FVPL)
 12 Months Ended
Dec. 31, 2025
Financial Assets At Fair Value Through Profit Or Loss And Designated At Fair Value Through Profit Or Loss - Securities [Abstract]  
Securities at fair value through profit or loss (FVPL) Securities at fair value through profit or loss (FVPL)
The accounting policy on financial assets and liabilities is presented in Note 2c IV.
12/31/202512/31/2024
Gross book valueFair value adjustmentFair valueGross book valueFair value adjustment Fair value
Government securities402,880 (6)402,874 372,751 (5,201)367,550 
Brazil396,394 64 396,458 366,857 (5,161)361,696 
Latin America 6,085 (70)6,015 4,404 (23)4,381 
Abroad401 - 401 1,490 (17)1,473 
Corporate securities147,915 (2,540)145,375 133,587 (4,295)129,292 
Rural product note634 2 636 972 (31)941 
Bank deposit certificates1,108 - 1,108 450 - 450 
Real estate receivables certificates2,134 (88)2,046 1,754 (100)1,654 
Debentures100,376 (2,470)97,906 91,544 (4,402)87,142 
Eurobonds and other3,093 5 3,098 2,017 (26)1,991 
Financial bills37,341 4 37,345 33,062 9 33,071 
Promissory and commercial notes1,177 (3)1,174 1,214 2 1,216 
Other2,052 10 2,062 2,574 253 2,827 
Shares24,824 351 25,175 27,860 (1,980)25,880 
Investment funds39,940 (95)39,845 37,642 (539)37,103 
Total615,559 (2,290)613,269 571,840 (12,015)559,825 
Government securities (Designated at FVPL)15,471 34 15,505 313 5 318 
Fair value631,030 (2,256)628,774 572,153 (12,010)560,143 
The securities pledged as Guarantee of funding transactions with financial institutions and customers and post-employment benefits (Note 26b), are: a) Government securities - Brazil R$ 86,481 (R$ 108,595 at 12/31/2024), b) Government securities - Latin America R$ 313 (R$ 2,539 at 12/31/2024), c) Government securities - Abroad R$ 0 (R$ 0 at 12/31/2024) and d) Corporate securities R$ 139 (R$ 11,775 at 12/31/2024), totaling R$ 86,933 (R$ 122,909 at 12/31/2024).

Securities at FVPL, by maturity:
12/31/202512/31/2024
Gross book valueFair valueGross book valueFair value
Current150,736 150,847 135,385 133,168 
Non-stated maturity52,476 52,718 48,007 45,488 
Up to one year98,260 98,129 87,378 87,680 
Non-current480,294 477,927 436,768 426,975 
From one to five years356,739 356,539 337,439 332,313 
From five to ten years94,449 93,757 64,604 62,659 
After ten years29,106 27,631 34,725 32,003 
Total631,030 628,774 572,153 560,143 
Financial assets at fair value through profit or loss - Securities include assets with a fair value of R$ 335,480 (R$ 287,919 at 12/31/2024) that belong to investment funds which are wholly owned by Itaú Vida e Previdência S.A. The return on those assets (positive or negative) is fully transferred to customers of our PGBL and VGBL private pension plans whose premiums (net of fees) are used by our subsidiary to purchase quotas of those investment funds.