Risk and Capital Management (Tables)

12 Months Ended

Dec. 31, 2025

Risk And Capital Management [Abstract]

Schedule of Financial Assets at Amortized Cost and at Fair Value

The table below shows the amount of financial assets at amortized cost and at fair value through other comprehensive income, expected credit loss and the impacts on the calculation of expected credit loss in the adoption of 100% of each scenario:


12/31/2025					12/31/2024
Financial assets (1)	Expected credit loss	Reduction/(Increase) of expected loss			Financial assets (1)	Expected credit loss	Reduction/(Increase) of expected loss
		Pessimistic scenario	Base scenario	Optimistic scenario			Pessimistic scenario	Base scenario	Optimistic scenario
1,547,631	(51,313)	(521)	206	637	1,464,464	(52,936)	(2,183)	538	1,347

1) Composed of Loan operations, lease operations and securities.

Schedule of Maximum Exposure of Financial Assets to Credit Risk

Maximum exposure of financial instruments to credit risk


	12/31/2025			12/31/2024
	Brazil	Abroad	Total	Brazil	Abroad	Total
Financial assets	2,382,665	497,846	2,880,511	2,089,980	583,321	2,673,301
At Amortized cost	1,700,211	342,577	2,042,788	1,500,797	412,007	1,912,804
Central Bank of Brazil deposits	167,275	-	167,275	160,698	-	160,698
Interbank deposits	26,394	39,801	66,195	26,709	40,222	66,931
Securities purchased under agreements to resell	277,940	2,655	280,595	238,593	4,627	243,220
Securities	309,312	20,653	329,965	302,599	24,908	327,507
Loan and lease operations	821,637	262,161	1,083,798	708,917	316,576	1,025,493
Other financial assets	139,618	24,411	164,029	103,711	33,002	136,713
(-) Provision for expected credit loss	(41,965)	(7,104)	(49,069)	(40,430)	(7,328)	(47,758)
At Fair value through other comprehensive income	61,370	71,103	132,473	31,268	75,035	106,303
Securities	61,370	71,103	132,473	31,268	75,035	106,303
At Fair value through profit or loss	621,084	84,166	705,250	557,915	96,279	654,194
Securities	603,439	25,335	628,774	533,887	26,256	560,143
Derivatives	14,553	58,831	73,384	22,416	70,023	92,439
Other financial assets	3,092	-	3,092	1,612	-	1,612
Financial liabilities - Provisions for financial guarantees, credit commitments and credits to be released	(1,619)	(174)	(1,793)	(4,298)	(630)	(4,928)


Off-balance sheet	629,007	86,862	715,869	537,015	86,714	623,729
Financial guarantees	106,456	27,649	134,105	95,890	28,025	123,915
Credit commitments and credits to be released	522,551	59,213	581,764	441,125	58,689	499,814





Total	3,010,053	584,534	3,594,587	2,622,697	669,405	3,292,102

Schedule of Loan and Lease Operations

Loan and lease operations


	12/31/2025	%		12/31/2024	%
Individuals	582,472	53.7	%	549,181	53.6	%
Companies	501,326	46.3	%	476,312	46.4	%
Industry and commerce	246,158	22.7	%	222,945	21.7	%
Services	207,447	19.2	%	207,437	20.2	%
Other sectors	47,721	4.4	%	45,930	4.5	%
Total	1,083,798	100.0	%	1,025,493	100.0	%

Schedule of Other Financial Assets

Other financial assets (1)


	12/31/2025	%		12/31/2024	%
Public sector	954,882	63.1	%	871,579	62.4	%
Services	156,891	10.4	%	196,419	14.1	%
Financial	232,974	15.4	%	146,823	10.5	%
Other sectors	167,473	11.1	%	181,722	13.0	%
Total	1,512,220	100.0	%	1,396,543	100.0	%

1) Includes Financial assets at fair value through other comprehensive income, at fair value through profit or loss and at amortized cost, except for Loan and lease operations and Other financial assets.

Schedule of Breakdown of Indicators of Credit Quality


	12/31/2025
	Stage 1								Stage 2								Stage 3								Consolidated of 3 Stages
	Loan operations		Financial guarantees		Credit commitments		Total		Loan operations		Financial guarantees		Credit commitments		Total		Loan operations		Financial guarantees		Credit commitments		Total		Loan operations		Financial guarantees		Credit commitments		Total
Individuals	410,807		902		355,886		767,595		34,869		1		3,201		38,071		27,550		-		13		27,563		473,226		903		359,100		833,229
Companies	359,265		104,710		165,929		629,904		9,746		257		786		10,789		11,277		3,541		182		15,000		380,288		108,508		166,897		655,693

Foreign loans - Latin America	210,945		24,336		54,672		289,953		10,329		315		1,070		11,714		9,010		43		25		9,078		230,284		24,694		55,767		310,745
Total	981,017		129,948		576,487		1,687,452		54,944		573		5,057		60,574		47,837		3,584		220		51,641		1,083,798		134,105		581,764		1,799,667
%	58.1	%	7.7	%	34.2	%	100.0	%	90.7	%	1.0	%	8.3	%	100.0	%	92.6	%	7.0	%	0.4	%	100.0	%	60.2	%	7.5	%	32.3	%	100.0	%


	12/31/2024
	Stage 1								Stage 2								Stage 3								Consolidated of 3 Stages
	Loan operations		Financial guarantees		Credit commitments		Total		Loan operations		Financial guarantees		Credit commitments		Total		Loan operations		Financial guarantees		Credit commitments		Total		Loan operations		Financial guarantees		Credit commitments		Total
Individuals	347,749		816		290,397		638,962		66,468		2		11,946		78,416		31,357		-		48		31,405		445,574		818		302,391		748,783
Companies	332,440		94,564		142,195		569,199		13,237		959		1,255		15,451		11,956		3,045		247		15,248		357,633		98,568		143,697		599,898

Foreign loans - Latin America	196,464		23,965		50,716		271,145		14,004		534		2,862		17,400		11,818		30		148		11,996		222,286		24,529		53,726		300,541
Total (1)	876,653		119,345		483,308		1,479,306		93,709		1,495		16,063		111,267		55,131		3,075		443		58,649		1,025,493		123,915		499,814		1,649,222
%	59.3	%	8.0	%	32.7	%	100.0	%	84.2	%	1.4	%	14.4	%	100.0	%	94.0	%	5.2	%	0.8	%	100.0	%	62.2	%	7.5	%	30.3	%	100.0	%

1) For better presentation and comparability, comparative balances have been reclassified acording to current criteria.

Schedule of Internal Rating


Internal rating	12/31/2025				12/31/2024
	Stage 1	Stage 2	Stage 3	Total	Stage 1	Stage 2	Stage 3	Total
Low	880,216	377	-	880,593	817,782	68,406	-	886,188
Medium	99,804	14,135	-	113,939	58,817	14,214	-	73,031
High	997	40,432	-	41,429	54	11,089	-	11,143
Credit-impaired	-	-	47,837	47,837	-	-	55,131	55,131
Total	981,017	54,944	47,837	1,083,798	876,653	93,709	55,131	1,025,493
%	90.5%	5.1%	4.4%	100.0%	85.5%	9.1%	5.4%	100.0%

Schedule of Maximum Exposure of Other Financial Assets by Type and Classification of Credit Risk


	12/31/2025
	Book value	Stage 1		Stage 2		Stage 3
		Cost	Fair value	Cost	Fair value	Cost	Fair value

Government securities	247,579	249,173	247,571	8	8	-	-
Brazil	187,441	189,044	187,441	-	-	-	-

Latin America	31,118	31,147	31,118	-	-	-	-
Abroad	29,020	28,982	29,012	8	8	-	-
Corporate securities	202,556	197,775	196,382	4,414	3,680	4,489	2,494
Rural product note	68,533	64,774	64,680	2,770	2,521	2,233	1,332
Bank deposit certificate	230	231	230	-	-	-	-
Real estate receivables certificates	4,410	4,352	4,343	78	67	-	-
Debentures	82,462	80,921	80,761	1,362	895	1,466	806
Eurobonds and other	17,558	17,257	17,252	-	-	713	306
Financial bills	384	384	384	-	-	-	-
Promissory and commercial notes	21,273	21,095	21,068	188	155	77	50
Other (1)	7,706	8,761	7,664	16	42	-	-
Investment funds	9,811	9,814	9,811	-	-	-	-
Total	459,946	456,762	453,764	4,422	3,688	4,489	2,494

1) Includes equity instruments designated to Fair value through other comprehensive income that are not subject to a provision for expected credit loss.


	12/31/2024
	Book value	Stage 1		Stage 2		Stage 3
		Cost	Fair value	Cost	Fair value	Cost	Fair value

Government securities	257,525	261,164	257,525	-	-	-	-
Brazil	176,185	179,814	176,185	-	-	-	-

Latin America	43,192	43,152	43,192	-	-	-	-
Abroad	38,148	38,198	38,148	-	-	-	-
Corporate securities	172,630	169,062	167,327	2,670	2,444	6,075	2,860
Rural product note	60,068	59,102	58,952	844	764	541	353
Bank deposit certificate	133	132	133	-	-	-	-
Real estate receivables certificates	5,875	5,434	5,426	453	449	-	-
Debentures	75,742	72,991	72,831	527	404	5,534	2,507
Eurobonds and other	5,905	5,914	5,763	143	142	-	-
Financial bills	265	264	265	-	-	-	-
Promissory and commercial notes	16,280	16,136	16,117	176	163	-	-
Other (1)	8,362	9,089	7,840	527	522	-	-
Total (2)	430,155	430,226	424,852	2,670	2,444	6,075	2,860

1) Includes equity instruments designated to Fair value through other comprehensive income.

2) The balances presented were adjusted to reflect the composition of the table with Amortized cost and Fair value through other comprehensive income financial instruments.

Schedule of Financial Assets Individually Evaluated Classified by Rating


12/31/2025
Internal rating	Financial assets - At amortized cost				Financial assets at fair value through other comprehensive income		Financial assets at fair value through profit or loss		Total
	Interbank deposits and securities purchased under agreements to resell		Securities
Low	346,790		325,342		132,367		702,526		1,507,025
Medium	-		2,061		-		177		2,238
High	-		2,562		106		289		2,957
Total	346,790		329,965		132,473		702,992		1,512,220
%	22.9	%	21.8	%	8.8	%	46.5	%	100.0	%


12/31/2024
Internal rating	Financial assets - At amortized cost				Financial assets at fair value through other comprehensive income		Financial assets at fair value through profit or loss		Total
	Interbank deposits and securities purchased under agreements to resell		Securities
Low	310,151		318,322		106,267		630,444		1,365,184
Medium	-		5,133		18		21,735		26,886
High	-		4,052		18		403		4,473
Total	310,151		327,507		106,303		652,582		1,396,543
%	22.2	%	23.5	%	7.6	%	46.7	%	100.0	%

Schedule of Collateral for Loans and Financial Lease Operations


	12/31/2025				12/31/2024
	Over-collateralized assets		Under-collateralized assets		Over-collateralized assets		Under-collateralized assets
	Book value of the assets	Fair value of collateral	Book value of the assets	Fair value of collateral	Book value of the assets	Fair value of collateral	Book value of the assets	Fair value of collateral
Individuals	190,212	500,667	2,912	1,975	172,391	456,428	3,127	2,736
Personal (1)	9,102	40,167	958	828	8,128	25,156	1,673	1,556
Vehicles (2)	30,321	66,419	1,094	977	31,859	70,772	1,119	1,026
Mortgage loans (3)	150,789	394,081	860	170	132,404	360,500	335	154
Companies (4)	180,843	556,310	83,034	75,174	166,845	592,523	63,892	60,395
Foreign loans - Latin America (4)	196,787	390,985	13,884	5,695	188,756	374,316	12,731	4,201
Total	567,842	1,447,962	99,830	82,844	527,992	1,423,267	79,750	67,332

1) In general requires financial guarantees.

2) Vehicles themselves are pledged as collateral, as well as assets leased in lease operations.

3) Properties themselves are pledged as collateral.

4) Any collateral set forth in the credit policy of ITAÚ UNIBANCO HOLDING (chattel mortgage, surety/joint debtor, mortgage and other).

Schedule Of Var Total - Historical Simulation


	VaR Total (Historical Simulation) (1)
	12/31/2025				12/31/2024
	Average	Minimum	Maximum	Total VaR	Average	Minimum	Maximum	Total VaR
VaR by Risk Factor Group
Interest rates	1,303	1,028	1,974	1,376	1,179	988	2,120	2,009
Currencies	40	22	97	51	36	18	64	50
Shares	45	36	89	46	51	35	86	46
Commodities	30	10	67	40	17	8	41	19
Effect of diversification	-	-	-	(385)	-	-	-	(381)
Total risk	1,085	777	1,744	1,128	939	756	1,902	1,743

1) VaR by Risk Factor Group considers information from foreign units.

Schedule of Position of Accounts Subject to Interest Rate Risk

This table is not used directly to manage interest rate risks, it is mostly used to permit the assessment of mismatching between accounts and products associated thereto and to identify possible risk concentration.


	12/31/2025											12/31/2024
	0-30 days		31-180 days		181-365 days		1-5 years		Over 5 years		Total	0-30 days		31-180 days		181-365 days		1-5 years		Over 5 years		Total
Financial assets	559,569		474,979		324,977		995,761		386,781		2,742,067	617,119		433,855		245,916		923,202		338,412		2,558,504
At amortized cost	534,045		422,780		230,622		540,365		176,532		1,904,344	533,678		347,519		200,787		507,268		208,755		1,798,007
Central Bank of Brazil deposits	146,283		-		-		-		-		146,283	138,518		-		-		-		-		138,518
Interbank deposits	42,901		8,817		7,927		6,543		7		66,195	33,082		10,559		9,888		13,382		14		66,925
Securities purchased under agreements to resell	179,964		85,646		7,927		6,602		456		280,595	201,082		41,460		-		-		677		243,219
Securities	9,610		31,094		32,879		187,985		65,905		327,473	12,910		38,878		36,794		164,332		70,938		323,852
Loan and lease operations	155,287		297,223		181,889		339,235		110,164		1,083,798	148,086		256,622		154,105		329,554		137,126		1,025,493
At fair value through other comprehensive income	7,532		11,521		23,676		65,425		24,319		132,473	17,377		16,118		6,382		47,809		18,617		106,303
At fair value through profit or loss	17,992		40,678		70,679		389,971		185,930		705,250	66,064		70,218		38,747		368,125		111,040		654,194
Securities	6,661		30,904		60,564		356,538		174,107		628,774	50,816		57,814		24,538		332,313		94,662		560,143
Derivatives	11,301		9,750		8,311		32,421		11,601		73,384	15,232		12,321		13,888		35,285		15,713		92,439
Other financial assets	30		24		1,804		1,012		222		3,092	16		83		321		527		665		1,612
Financial liabilities	746,216		232,628		153,323		902,936		150,635		2,185,738	777,435		217,860		153,291		745,329		152,728		2,046,643
At amortized cost	734,808		222,355		146,134		870,770		140,225		2,114,292	766,631		203,641		137,520		710,423		142,153		1,960,368
Deposits	378,615		90,880		57,871		567,747		19,369		1,114,482	382,252		90,133		53,767		503,422		25,167		1,054,741
Securities sold under repurchase agreements	329,271		31,537		2,500		35,140		36,159		434,607	322,797		21,378		1,458		5,279		37,875		388,787
Interbank market funds	25,455		96,811		77,530		199,063		7,311		406,170	56,173		87,015		74,950		148,059		6,097		372,294
Institutional market funds	908		2,747		7,768		65,385		77,386		154,194	5,005		5,057		6,971		50,500		73,014		140,547
Other financial liabilities	559		380		465		3,435		-		4,839	404		58		374		3,163		-		3,999
At fair value through profit or loss	11,408		10,273		7,189		32,166		10,410		71,446	10,804		14,219		15,771		34,906		10,575		86,275
Derivatives	11,408		10,199		6,988		32,049		9,116		69,760	10,775		14,179		15,626		34,756		10,077		85,413
Structured notes	-		-		-		-		57		57	-		-		-		12		306		318
Other financial liabilities	-		74		201		117		1,237		1,629	29		40		145		138		192		544
Difference assets / liabilities (1)	(186,647)		242,351		171,654		92,825		236,146		556,329	(160,316)		215,995		92,625		177,873		185,684		511,861
Cumulative difference	(186,647)		55,704		227,358		320,183		556,329			(160,316)		55,679		148,304		326,177		511,861
Ratio of cumulative difference to total interest-bearing assets	(6.8)	%	2.0	%	8.3	%	11.7	%	20.3	%		(6.3)	%	2.2	%	5.8	%	12.7	%	20.0	%

1) The difference arises from the mismatch between the maturities of all remunerated assets and liabilities, at the respective period-end date, considering the contractually agreed terms.

Schedule of Primary Source of Funding


Funding from customers	12/31/2025				12/31/2024
	0-30 days	Total	%		0-30 days	Total	%
Deposits	1,011,751	1,114,482			894,482	1,054,741
Demand deposits	135,383	135,383	8.1	%	124,920	124,920	8.0	%
Savings deposits	177,305	177,305	10.6	%	180,730	180,730	11.5	%
Time deposits (1)	698,034	789,643	47.1	%	580,855	735,376	46.9	%
Other	1,029	12,151	0.7	%	7,977	13,715	0.9	%
Interbank market funds (1)	284,186	406,170	24.3	%	189,700	372,294	23.7	%
Funds from own issue (2)	-	2	-		-	2	-
Institutional market funds	1,048	154,194	9.2	%	5,163	140,547	9.0	%
Total	1,296,985	1,674,848	100.0	%	1,089,345	1,567,584	100.0	%

1) The settlement date is considered as the closest period in which the client has the possibility of withdrawing funds.

2) Refers to Securities sold under repurchase agreements with securities from own issue.

Schedule of Off Balance Commitments


Liabilities according to their remaining contractual maturities, considering their undiscounted flows, are presented below:
Undiscounted future flows, except for derivatives which are fair value	12/31/2025					12/31/2024
Financial liabilities	0 – 30	31 – 365	366 – 720	Over 720 days	Total	0 – 30	31 – 365	366 – 720	Over 720 days	Total
Deposits	1,011,753	82,363	11,753	11,083	1,116,952	894,493	132,640	14,588	18,118	1,059,839
Savings	177,305	-	-	-	177,305	180,730	-	-	-	180,730
Interbank	410	10,602	824	2	11,838	1,497	1,451	3,848	770	7,566
Time deposit	698,034	71,761	10,929	11,081	791,805	580,855	131,189	10,740	17,348	740,132
Demand	135,383	-	-	-	135,383	124,920	-	-	-	124,920
Other deposits	621	-	-	-	621	6,491	-	-	-	6,491

Central Bank of Brazil deposits	(152,376)	(11,403)	(1,737)	(1,759)	(167,275)	(137,510)	(19,100)	(1,564)	(2,524)	(160,698)
Savings	(22,349)	-	-	-	(22,349)	(30,763)	-	-	-	(30,763)
Time deposit	(109,035)	(11,403)	(1,737)	(1,759)	(123,934)	(84,567)	(19,100)	(1,564)	(2,524)	(107,755)
Demand	(20,992)	-	-	-	(20,992)	(22,180)	-	-	-	(22,180)

Securities sold under repurchase agreements	351,460	34,833	2,639	151,901	540,833	352,257	23,772	572	77,597	454,198
Government securities	283,969	12,024	2,639	151,898	450,530	274,340	7,511	290	76,463	358,604
Corporate securities	34,569	22,636	-	3	57,208	27,191	15,642	282	1,134	44,249
Foreign	32,922	173	-	-	33,095	50,726	619	-	-	51,345

Interbank market funds	284,186	60,270	39,307	52,411	436,174	189,700	114,859	33,650	60,238	398,447

Institutional market funds	1,048	11,324	69,055	92,451	173,878	5,163	15,436	54,277	100,802	175,678

Derivatives	11,408	17,187	12,023	29,142	69,760	10,775	29,805	12,566	32,267	85,413
Forward	3,203	1,033	119	26	4,381	1,435	2	-	13	1,450
Options	513	3,951	1,496	2,442	8,402	3,902	14,825	1,065	796	20,588
Swaps	5,078	6,262	8,601	25,512	45,453	3,187	7,957	10,065	30,185	51,394
Other derivatives	2,614	5,941	1,807	1,162	11,524	2,251	7,021	1,436	1,273	11,981

Other financial liabilities	-	275	117	1,237	1,629	29	185	138	192	544

Total financial liabilities	1,507,479	194,849	133,157	336,466	2,171,951	1,314,907	297,597	114,227	286,690	2,013,421

Schedule of Contractual Maturities of Assets and Liabilities Explanatory


Off-balance commitments		12/31/2025					12/31/2024
	Note	0 – 30	31 – 365	366 – 720	Over 720 days	Total	0 – 30	31 – 365	366 – 720	Over 720 days	Total
Financial guarantees		4,170	49,367	25,903	54,665	134,105	3,323	42,924	21,910	55,758	123,915
Credit commitments and credits to be released		274,961	60,573	17,518	228,712	581,764	192,814	53,056	19,647	234,297	499,814

Contractual commitments - Fixed and Intangible assets	13, 14	-	-	-	1	1	-	-	-	-	-
Total		279,131	109,940	43,421	283,378	715,870	196,137	95,980	41,557	290,055	623,729

Schedule of Composition of Capital Adequacy


	12/31/2025		12/31/2024
Available capital (amounts)
Common Equity Tier 1 (CET 1)	185,595		188,265
Tier 1	208,161		206,196
Total capital (PR)	228,589		227,602
Risk-weighted assets (amounts)
Total risk-weighted assets (RWA)	1,505,475		1,379,056
Risk-based capital ratios as a percentage of RWA
Common Equity Tier 1 ratio (%)	12.3	%	13.7	%
Tier 1 ratio (%)	13.8	%	15.0	%
Total capital ratio (%)	15.2	%	16.5	%
Additional CET1 buffer requirements as a percentage of RWA
Capital conservation buffer requirement (%)	2.5	%	2.5	%
Countercyclical buffer requirement (%)	0.1	%	0.1	%
Bank G-SIB and/or D-SIB additional requirements (%)	1.0	%	1.0	%
Total of bank CET1 specific buffer requirements (%)	3.6	%	3.6	%

Schedule of Risk Weighted Assets


	RWA
	12/31/2025	12/31/2024
Credit risk (excluding counterparty credit risk)	1,199,103	1,108,011
Of which: standardized approach for credit risk	1,119,760	1,038,238
Of which: foundation internal rating-based approach (F-IRB)	-	-
Of which: advanced internal rating-based approach (A-IRB)	79,343	69,773
Counterparty credit risk (CCR)	29,789	44,837
Of which: standardized approach for counterparty credit risk (SA-CCR)	20,340	35,148
Of which: other CCR	9,449	9,689
Equity investments in funds - look-through approach	6,433	4,667
Equity investments in funds - mandate-based approach	-	-
Equity investments in funds - fall-back approach	1,109	716
Securitization exposures in banking book	12,838	9,242
Market Risk	50,248	43,189
Of which: standardized approach (RWAMPAD)	61,438	52,643
Of which: internal models approach (RWAMINT)	30,685	28,471
Operational Risk	143,006	112,827
Payment Services risk (RWASP)	NA	NA
Amounts below the thresholds for deduction	62,949	55,567
Total	1,505,475	1,379,056

Schedule of Sensitivity Analysis

The results obtained are shown in the table below:


Assumptions	Impact in income		Impact in stockholders’ equity
	Insurance	Private pension	Insurance	Private pension
Discount rate
0.5 p.p. increase	-	(48)	57	430
0.5 p.p. decrease	-	33	(62)	(460)
Biometric tables
5% increase	(15)	39	-	-
5% decrease	15	(41)	-	-
Claims
5% increase	(31)	-	-	-
5% decrease	31	-	-	-

Schedule of Maturity Analysis of Estimated Undiscounted Future Cash Flows

Below is a maturity analysis of estimated discounted future cash flows from insurance contracts and private pension, considering assumptions of inflows, outflows and discount rates (Note 27c):


Period	12/31/2025			12/31/2024
	Insurance	Private pension	Total	Insurance	Private pension	Total
1 year	(519)	12,001	11,482	(159)	13,469	13,310
2 years	(342)	12,553	12,211	(295)	13,538	13,243
3 years	(223)	12,926	12,703	(194)	12,380	12,186
4 years	(104)	13,177	13,073	(91)	12,219	12,128
5 years	7	13,281	13,288	1	12,178	12,179
Over 5 years	1,075	257,752	258,827	884	215,436	216,320
Total (1,2)	(106)	321,690	321,584	146	279,220	279,366

1) Refers to (inflows) and outflows of cash flows related to insurance contracts and private pension.

2) For better presentation and comparability, comparative balances have been reclassified according to current criteria.