Slides
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We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented I AM BRADESCO our evolving culture Translation
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R$ 6.1 bi 2Q25 recurring net income 2Q25 vs. 1Q25 (q/q) 2Q25 vs. 2Q24 (y/y) 3.5% 28.6% ROAE 14.6% operational performance 2 1H25 vs. 1H24 (h/h) 33.7% 3.2 p.p. (y/y) Solid increase in profitability reflects the combination of operational improvement and the benefits deriving from our transformation plan Revenues grow across all lines: NII, insurance and fees NII net of provisions grows with an adequate mix of loans, efficiency gains in funding and an increase in the spread Operating expenses under control and acceleration of footprint adjustment Stability in delinquency and reduction in the restructured portfolio The insurance performance reflects its operational improvement
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34.032.332.831.029.5 2Q251Q254Q243Q242Q24 Total Revenue (NII + Fee and Commission Income + Income from Insurance Op.) total revenue total net interest income fee and commission income insurance, pension plans and capitalization bondsR$ 34.0 bi 2Q25 5.2% (q/q) 15.1% (y/y) R$ billion 4.7% (q/q) 15.8% (y/y) 5.5% (q/q) 10.6% (y/y) 6.5% (q/q) 21.7% (y/y) 3
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R$ 1,018 bi June25 1.3% (q/q) 11.7% (y/y) 12M growth expanded loan portfolio large corporatemicro, small and medium- sized enterprises individuals solid performance for another consecutive quarter total R$ 230.5 bi R$ 345.5 bi main products performance (%) R$ 442.4 bi 4 q/q y/y \\Individuals 2.2 15.9 Personal Loans 5.1 17.5 Real Estate Financing 3.7 17.6 CDC / Vehicle Leasing 3.1 11.6 Credit Card 1.9 9.8 High Income 3.5 25.8 Payroll-deductible Loans 0.4 5.2 Rural Loans (2.7) 89.1 \\MSME 3.6 25.2 \\Large Corporate (1.2) (0.2) \\Companies 0.6 8.6 Rural Loans 14.0 23.1 CDC / Leasing 2.4 7.6 Sureties and Guarantees 1.4 6.1 Working Capital (0.5) 13.7 Foreign Trade Finance (1.6) 6.9 11.7%12.9%11.9% 7.6% 5.0% JuneMar25DecSeptJune24 15.9%16.2% 13.3% 10.0% 5.7% JuneMar25DecSeptJune24 25.2%29.6%28.0% 16.9% 10.2% JuneMar25DecSeptJune24 -0.2% 1.2% 2.5% 0.7% 1.7% JuneMar25DecSeptJune24
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17.8 16.816.215.615.3 8.8 8.6 8.48.4 8.6 2Q1Q254Q3Q2Q24 Gross Client NII Gross Spread 7.3 7.1 7.5 7.6 8.1 3.2 3.0 3.0 3.0 3.2 2Q24 3Q 4Q 1Q25 2Q Expanded LLP Expanded LLP / Expanded Loan Portfolio (Annualized) 9.69.18.78.58.0 4.7 4.6 4.4 4.5 4.4 2Q1Q254Q3Q2Q24 Client NII Net of Provisions Net Spread R$ 18.0 bi 2Q25 market NII client NII net of provisions 4.7% (q/q) 15.8% (y/y) 20.7% (y/y) net interest income R$ 8.1 bi 6.5% (q/q) 11.7% (y/y) R$ 9.9 bi 3.2% (q/q) 19.4% (y/y) NII net of provisions expenses with expanded LLP R$ 0.3 bi client NII R$ 17.8 bi R$ 9.6 bi5.9% (q/q) 16.4% (y/y) 5.3% (q/q) expenses with LLP 5 14.8% (h/h) 4.5% (h/h) 24.7% (h/h) R$ billion % R$ billion % R$ billion %
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33.7 32.3 30.7 26.7 25.3 4.2 4.2 4.0 5.0 4.8 37.9 36.5 34.8 31.6 30.1 June24 Sept Dec Mar25 June Cured Operations Problematic Asset (Stage 3) Restructured portfolio / Loan portfolio 4.3 4.2 4.0 4.1 4.1 5.2 5.1 5.1 5.1 5.1 5.4 5.2 4.4 4.3 4.3 0.2 0.1 0.1 0.3 0.4 June24 Sept Dec Mar25 June Total Individuals MSMEs Large Corporates loan quality indicators restructured portfolio – R$ billion over 90-day non-performing loans - % loan portfolio by stages loan portfolio – evolution of the secured portfolio 6 (1) Note: NPL Coverage – in new Stage 3 is 104% in 2Q25 Calculation: LLP Expenses / Stage 3 variation before write-off 92% of portfolio is on stages 1 and 2, increasing 1.6 p.p. in 12 months (1) 15-90 day delinquency ratio at 3.5% in June25, vs. 3.4% in Mar25 and 3.7% in June24. 5% (q/q) 21% (y/y) ~34% of stage 3 is up to date 58.5 57.0 54.0 53.8 48.5 48.0 48.6 45.1 41.5 43.0 46.0 46.2 51.5 52.0 51.4 54.9 June Mar25 Dec24 Dec23 Dec22 Dec21 Dec20 Dec19 Secured Unsecured % 86.3% 87.0% 87.5% 87.7% 87.5% 4.2% 4.1% 4.0% 4.3% 4.6% 9.6% 9.0% 8.4% 8.0% 7.9% June24 Sept Dec Mar25 June Stage 1 Stage 2 Stage 3 5.8% 5.3% 4.8% 4.3% 4.0%
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R$ 10.3 bi 2Q25 loan operations R$ 0.7 bi checking account R$ 1.7 bi 38.1 million account holders Maintaining leadership in movable assets and regaining 1st position in real estate consortium management R$ 0.8 bi capital markets / financial advisory services R$ 0.6 bi 1st position on M&A ranking in 2Q25 asset management R$ 0.9 bi card income R$ 4.5 bi Traded volume in 2Q25: R$91 billion (high income +17% y/y) Investment funds and managed portfolios balance of R$1.3 trillion in June25, growth of+2.2% q/q and +6.4% y/y 5.5 % (q/q) 10.6 % (y/y) 9.1% (q/q) 20.8% (y/y) 3.8% (q/q) 3.7% (y/y) 3.3% (q/q) 19.9% (y/y) 75.9% (q/q) 33.7% (y/y) 0.6% (q/q) 2.6% (y/y) 13.1% (q/q) 1.9% (y/y) fee and commission income 7 10.4 % (h/h) 14.9% ( h/h) 4.9% ( h/h) 18.0% ( h/h) 46.5% ( h/h) 0.8% ( h/h) 1.7% ( h/h) custody and brokerage services R$ 0.4 bi Leader in the global custody market according to ANBIMA ranking with R$2.5 trillion under custody 2.3% (q/q) 5.2% (y/y) 4.4% ( h/h)
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2,1682,2842,3052,510 682721728809 2,3762,7762,9703,443 5,226 5,7816,003 6,762 June25Mar25Dec24June24 Branches Business Units Service Centers personnel + administrative total operating expenses excluding Elopar and Cielo R$ 15.9 bi 2Q25 Quarterly ER 0.2 p.p. (q/q) 49.9% footprint adjustment +1.1 MM clients in 12 months service points operating expenses 5.9 % (q/q) 9.9 % (y/y) 4.4% (q/q) 4.9% (y/y) 2.4 p.p. (y/y) 9.9% 2Q25 x 2Q24 (y/y) 5.8% -555 vs. Mar25 -777 vs. Dec24 -1.536 vs. Jun24 8 4.3% (h/h) 11.1 % (h/h)
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income from insurance operations R$ million 21. 7 % (y/y) 7.9 % (y/y) 31.1 % (y/y) 6.5 % ( q/q ) 4. 0 % ( q/q ) 8.0 % ( q/q ) 9 26.8 % (h/h) 8.1 % (h/h) 40.7 % (h/h) total income financial operating 4,943 6,956 3,698 3,997 8,641 10,953 1S24 1S251H24 1H25 R$ 29.2 bi revenues from insurance premiums, pension contributions and capitalization bonds 1.8 % (h/h) 2Q25 R$ 4.7 bi net income 1H25 22,4%ROAE 1H25 | ROAE 21.7% 14.2% (h/h) 3.3 % (y/y) R$ 59.2 bi 1H25 R$ 2.3 bi 2Q25 4.4% (y/y) R$ 425 bi technical provisions 2Q25 11.2% (y/y) 2.6% (q/q) insurance, pension plans and capitalization bonds 3,6123,3442,756 2,0381,959 1,888 5,6505,3034,644 2Q251Q252Q24
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dividends/IOC - Gross capital & dividends/IOC 10 10 tier I 13.0% 0.4 p.p. (y/y) stable in the quarter common equity 11.1% 9.2 10.2 11.3 11.3 6.8 2021 2022 2023 2024 1H25 R$ billion Basel ratio
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Guidance 2025 actual 1H25 vs. 1H24 11.7% R$ 19.5 bi 10.4% 11.1% 26.8% 2025 current 11 (*) 7.5% excluding Cielo and Elopar (*) maintained maintained 5% to 9% maintained 9% to 13% Expanded Loan Portfolio NII net of provisions (Net interest income – expanded loan loss provisions) Fee and commission income Operating expenses (Personnel + administrative + others) Income from Insurance, pension plans and capitalization bonds 2025 previous 4% to 8% R$ 37 bi to R$ 41 bi 4% to 8% 5% to 9% 6% to 10%
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advances SMEs high income payments digital retail credit organizational technology management model and culture synergies efficiency business enablers Bradesco Principal with 7 new offices and accelerating Wholesale and SMEs: Intensive use of GenAI + Strong penetration across all segments and specialized teams. More services for SMEs through Cielo (e.g., more collections anticipation), an energy desk and a dedicated capital market team, as well as an users increase on the new Companies & Businesses App. Footprint adjustment of -1,536 points of sales vs. June24 cultural evolution program with workshops and KPIs 1,800 people internalized in technology IT 33% reduction in delivery lead time and 84% increase in business development hours 2Q25 13
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productivity increase technology efficiency with GenAI use 5 MM+ chat enabled customers with high resolution +11,6% developers in 2025 2 -33% lead time 1H25 vs. 1H24 total productivity in 2025 +30% of productivity by using multiagents on virtual squads greater IT and business proximity & enterprise agility +94% collection performance with MentorIA +20% multiagents projects in legacy systems delivered by the end of the year tools for productivity education and technological development Multiagents squads for model development Institute 12 labs + 15 in final negotiation goal of being present in all federation units technology skill-building development platform / advanced training Tech Academy TECH CULTURE +50% accuracy compared to the previous model BRIDGE Bradesco's enabling technology powered by GenAI +58% efficiency in story writing (q/q) 200+ initiatives Organized and prepared environment for developers GenAI BIA TECH 14 we are the present. we build the future
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IB 14 Wholesale Bank & SME team strengthened distribution strengthened on global markets and tighter connection to wealth cash – global solutions treasury – energy desk 10 platforms launched and team strengthened Agribusiness Corporate is operational SMEs Ultra Corporate Large Corporate Corporate Agribusiness Corporate Wholesale Bank Initiatives Companies revenue of R$ 3 mi to R$ 50 mi/year Business revenue up to R$ 3 mi/year MEI Global Corporate Institutional Segment Agribusiness platforms spread throughout Brazil Global Markets Intensive use of machine learning and GenAI in customer management tools and applications 15
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strategy integration by APIs Free online account opening for MEIs 90% of migrated MEI customers are active and using the platform 7 to 10 times per week 50K MEI customers using the new app by August Digital solutions for collections, payments and tailored credit, including emergency lines. PIX integration Agility on corporate account openings APP • Android (delivered) • iOS (Aug 25) Cielo integration > market share gain since 2024 digital transformation Multidisciplinary teams and squads, integrating channels, businesses and products 1H25 vs. 1H24 +54% feature deliveries -34% time-to-market companies & businesses Companies revenue of R$ 3 mi to R$ 50 mi/year Businesses revenue up to R$ 3 mi/year +150 branches in 2024 and substantial growth new segmentation MEI digital service with humanized support chat and GenAI + WhatsApp {API} Relentless focus on customer experience segments new client experience 16 new digital plataform
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conclusions Revenue Expenses under Control Loan Portfolio growing in a secure manner, resulting in controlled delinquency ratios and cost of risk Transformation plan being executed at an accelerated pace and intensive GenAI use throughout the whole organization conclusions 17 total net interest income 4.7% (q/q) 15.8% (y/y) insurance, pension plans and capitalization bonds 6.5% (q/q) 21.7% (y/y) fee and commission income 5.5% (q/q) 10.6% (y/y) personnel + administrative 4.3% (h/h)
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We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented I AM BRADESCO our evolving culture Translation