Slides
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Institutional Presentation BMGB B3 LISTED N1 3Q25
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Solidity and tradition throughout 95 years Strong and long-lasting brand 1998 Payroll Loan Precursor of third- party correspondent banks channel 2012-2016 JV with Itaú 2005 Payroll Credit Card Pioneering and leader 2016 help! Franchises Distribution channel asset light with standardization in the quality of formalization 2018 Digital Bank User friendly Relationship and self-service 2019 IPO Brazilian stock exchange: B3 2022 Benefit Payroll Card Product allows the expansion of customer relationship 2023 Better, stronger and more profitable Focus on core products and sustainable generation of results 2 2016 Bmg Corretora Commercialization of mass insurance 2023 Bmg Seguradora Start of operations with the purpose of allowing simple access for people and families to a more protected reality 1930 Foundation
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RETAIL Products and Services Relationship Channels Clients app, WhatsApp, messages wide network of bank correspondents call center24 bank branches 873 help! stores Bmg at-a-glance +9 million CLIENTS1 1. Bacen methodology of total clients and clients with credit (SCR – Credit Information System). with products of credit (SCR) with insurance products “anytime, anywhere, any device” 3 credit cardinvestments payroll credit checking account creditlife derivatives capital markets personal credit financial protection access to medicine 68% 30% 2.28 cross-selling index
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Strong customer relationship network “Anytime, anywhere, any device” 4 Brancheshelp! stores Wide distributors network Digital 24 branchesBrazil-wide presence Eligible to pay benefits of 87% of INSS retirees and pensioners Credit shopping: bringing the physical channel experience to the online environment Credit without opening an account Asset light Excellence in customer service Strategic locations for benefit portability Digital Relationship platform focused on people aged 50+ Easily scalable Asset light Access to remote regions +30k distributors 825 873 4Q24 3Q25 +48 Planned expansion: around 900 help! stores in 2025 help! stores branches digital presence
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5 3Q24 4Q24 1Q25 2Q25 3Q25 2.4 2.1 2.2 1.8 1.9 813 815 774 891 881 3Q24 4Q24 1Q25 2Q25 3Q25 1,416 1,429 1,449 1,443 1,345 17.3% 9.7% 18.1% 10.1% 18.5% 9.6% 17.8% 10.7% 16.5% 10.6% NIM NIM after the cost of credit 3.7 2.1 3.5 15.9 3Q24 4.3 2.3 3.6 16.2 4Q24 3.7 2.2 3.9 17.1 1Q25 2.3 2.3 2.7 17.3 2Q25 1.82.4 2.4 16.9 3Q25 25.2 26.3 26.8 24.7 23.5 Payroll Linked Retail (Individuals) Wholesale US Payroll 116 125 115 125 148 3Q24 4Q24 1Q25 2Q25 3Q25 11.6% 14.0% 12.2% 13.2% 12.1% 12.2% 14.3% 12.7% 16.6% 13.1% Net Income ROAE Basel Operations evolution Origination of core products1 (R$ billion) Net interest margin Recurring results(R$ million and % p.a.) Credit portfolio (R$ billion) (R$ million and % p.a.) 1. Core products: payroll products (payroll loan, payroll credit card and benefit payroll card), personal credit and FGTS advance.
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Credit Portfolio (R$ million) 3Q25 2Q25 Δ% 3Q24 Δ% Payroll products (INSS and Public) 16,878 17,306 -2.5% 15,916 6.0% Payroll Credit Cards 13,121 12,938 1.4% 12,401 5.8% Payroll Loan 3,757 4,367 -14.0% 3,515 6.9% Retail (Individuals) 2,382 2,716 -12.3% 3,510 -32.2% Personal Credit 1,569 1,471 6.6% 1,108 41.6% Private Payroll Loans 67 - n/a - n/a FGTS Advance 250 713 -64.9% 1,712 -85.4% Credit Card and Others 495 532 -6.8% 690 -28.3% Wholesale 2,416 2,345 3.0% 2,050 17.9% Companies 1,146 1,012 13.2% 682 68.0% Structured Operations1 1,271 1,333 -4.7% 1,368 -7.1% Brazil Credit Portfolio 21,676 22,367 -3.1% 21,476 0.9% US Payroll2 1,844 2,314 -20.3% 3,734 -50.6% Total Credit Portfolio 23,520 24,680 -4.7% 25,210 -6.7% Diversification of the credit portfolio 6 Change in asset mix increasing exposure to payroll loans and personal credit while reducing less profitable portfolios 10.1% Retail (Individuals) 10.3% Wholesale 7.8% US Payroll 16.0% Payroll Loan 55.8% Payroll Credit Card Distribution of the credit portfolio (%) 1. Refers to the anticipation of receivables from commissions paid by Bmg to banking agents and franchisees, and anticipation of TV broadcasting rights to soccer clubs. | 2. The balance of this portfolio fluctuates based on the portfolio’s value in U.S. dollars and exchange rate variations during the period, however, the Bank does not bear foreign exchange exposure risk on this portfolio.
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Quality of credit portfolio 7 Coverage ratio Provision expenses net of recovery1 NPL – Stage 3 (R$ million and % of portfolio) 113.7% 3Q24 108.9% 4Q24 202.2% 1Q25 207.8% 2Q25 3Q25 197.3% Entry into force of Res. 4,966 NPL - Over90 5.5% 3Q24 5.4% 4Q24 6.6% 1Q25 4.6% 2Q25 3Q25 4.0% Entry into force of Res. 4,966 4.7% 3Q24 4.4% 4Q24 4.1% 1Q25 3.8% 2Q25 3Q25 3.9% 8.7% 01/01/2025 6.0% 1Q25 6.0% 2Q25 2,288 1,620 1,486 3Q25 6.4% 1,505 1. Provision expenses net of credit recovery, divided by average portfolio and annualized via multiplication.
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vs. 53% em 4T19 Payroll Products payroll loan – INSS and Public 1. It considers only the new resource released to the client, it does not consider refinanced amounts. | 2. Credit assignment without retention of risks and benefits. 8 Average interest rate: 1.7% p.m. Credit portfolio (R$ million)Origination: Quarterly released amount1 (R$ million) Characteristics of the portfolio Quarterly assigned amount2 (R$ million) 4.0%0,8%2.6% 867 876 552 561 8 1,153 3Q24 6 4Q24 15 1Q25 90 2Q25 1,161 873 891 642 3Q25 628 67 3Q24 4Q24 1Q25 2Q25 3,515 3,644 4,316 4,367 3Q25 3,757 852 543 367 979 3Q24 4Q24 1Q25 2Q25 0 3Q25 91% of the portfolio in INSS Public INSS
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89% da carteira em INSS vs. 53% em 4T19 Payroll Products payroll credit card + benefit payroll card 1. It considers only the new resource released to the client, it does not consider refinanced amounts. It considers origination via withdrawal and purchase. | 2. Includes balance of purchases to be invoiced. 9 Credit portfolio2 (R$ million)Origination: Quarterly released amount1 (R$ million) Characteristics of the portfolio Average interest rate: 2.9% p.m. 89% of the portfolio in INSS 524 523 586 566 558 235 245 301 287 323 3Q24 4Q24 1Q25 2Q25 3Q25 758 768 887 852 881 3,141 9,260 3Q24 3,285 9,234 4Q24 3,454 9,305 1Q25 3,578 9,361 2Q25 3,731 9,390 3Q25 12,401 12,519 12,759 12,938 13,121 Payroll Credit Card Benefit Payroll Card Payroll Credit Card Benefit Payroll Card Payroll and benefit credit cards: 4.9 million active cards
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Retail (Individuals) personal credit + private payroll loan + FGTS advance + credit card vs. 53% em 4T19 10 Credit portfolio (R$ million)Origination: Quarterly released amount1 (R$ million) 1. It considers only the new resource released to the client, it does not consider refinanced amounts. | 2. Includes purchases to be invoiced which represent 49% of the credit card portfolio in 3Q25. Other portfolios refer to PJ Varejo (Companies Retail), the portfolio linked to the Desenrola Brasil program, and run-off primarily referring to legacy payroll loans. Characteristics of the portfolio Average interest rate: 13.7% p.m. 95% of personal credit portfolio receives the benefit through Bmg 219 199 219 207 243 270 222 224 121 121 63 3Q24 4Q24 1Q25 2Q25 3Q25 489 421 443 327 426 Personal Credit FGTS Advance Private Payroll Loan 2 690 569 551 532 495 713 1,712 1,108 3Q24 1,838 1,181 4Q24 1,942 1,367 1Q25 1,471 2Q25 67250 1,569 3Q25 3,510 3,588 3,860 2,716 2,382 Credit Card and Others Personal credit FGTS Advance Private Payroll Loan Assignment R$ 1.2 billion of FGTS Assignment R$ 556 mm of FGTS
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11 101 98 118 112 97 3Q24 4Q24 1Q25 2Q25 3Q25 266 259 297 265 258 3Q24 4Q24 1Q25 2Q25 3Q25 Number of insurance policies 9.6 milhões +8% YoY 21 20 22 24 26 21 16 16 15 18 3Q24 4Q24 1Q25 2Q25 3Q25 43 35 38 40 45 Bmg Seguradora Bmg Corretora 1. Bmg Corretora: equity equivalence of Bmg Corretora for Bmg; Bmg Seguradora: net income considering Bmg's share. | 2. In August 2025, the acquisition of the remaining 40% of Bmg Seguradora was completed, so that Bmg came to hold 100% of the share capital. In the third quarter of 2025, the retroactive result of the 40% share was recognized since April 2025, when the acquisition was announced. Share Bmg1 26 21 21 22 382 Retail Insurance: reaching those without protection Issued premiums (R$ million) Premiums sold (R$ million) Net Income1 (R$ million)
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Wholesale 121. It includes Debentures, CRA, CRI, Commercial Notes and Funds that Bmg has invested with capital market strategy. 9M25 | CAPITAL MARKET OPERATIONS 32 offers as coordinator (28 as leader) R$ 800 million total amount of offers + Non-credit revenue (R$ million) 31 36 37 49 43 3Q24 4Q24 1Q25 2Q25 3Q25 Expanded Portfolio (R$ million) Mix of Guarantees 1 682 857 837 608 705 736 712 656210 306 225 3Q24 167 4Q24 172 1Q25 1,012 2Q25 1,146 3Q25 1,500 1,729 1,746 2,030 2,027 Guarantees and Sureties Wholesale Marketable Securities Portfolio Corporate Credit Portfolio 55% 14% 8% 8% 7% 5% 2% 1% Credit Rights Financial Investments Agricultural Real Estate Shares Products and Commodities Vehicles/Equipments Others Advisory on 7 M&A operations
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1.0 5.8 15.9 8.4 3.0 1.9 6.1 5.4 3.6 12.5 Above 5 years 3-5 years 1-3 years 91-360 days 0-90 days Maturity flow Expanded Portfolio + Free Cash Funding Institutional funding grew 40% YoY 13 Diversification of funding and conservative liquidity management 27% 3Q24 29% 4Q24 30% 1Q25 37% 2Q25 34.3 32.9 33.4 35.7 3Q25 34.0 38% Institutional Reduction in the share of time deposits of 9 p.p. 2023 2024 3Q25 77.8% 60.5% 49.4% 1. Fundo Garantidor de Crédito (R$ billion) (R$ billion)Funding Reduction in reference value subject to the FGC1 Reference Value/Reference Funding FGC trigger > 75% (from Jun/26 it will be 60%) Liquidity Coverage Ratio (LCR): 497% Net Stable Funding Ratio (NSFR): 121%
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14 Basel Ratio Adequate capital level for the growth of the operations 10.5% 3Q24 10.1% 4Q24 9.1% 1Q25 9.5% 2Q25 14.0% 13.2% 12.2% 12.7% 3Q25 13.1% 9.9% Tier 1 Basel Capital increase reinforcing commitment of controlling shareholders • Increase of R$ 49.5 mm • Impact on Basel: +0.17 p.p. from Oct/25 Main capital levers • Internal capital generation • Consumption of tax credit • Credit assignments • Interest on Shareholders’ Equity recapitalization
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Attachments
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Commitment to the future 16 SOCIAL ENVIRONMENT • Publication of the 2nd Inventory of Greenhouse Gas (GHG) Emissions, in accordance with the GHG Protocol, with the neutralization of mapped emissions. REIS (PCD)Pacto Equidade Racial Direitos LGBT+ Presence and recognition: GOVERNANCE • Publication of the 2nd Sustainability Report in accordance with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards. • Bemi Project: democratize financial education, promoting learning from childhood to old age, especially for vulnerable groups. Marina e Flávio Guimarães Institute (IMFG): drive social transformation by promoting human development and strengthening the communities in which it operates. Click here: 2024 Sustainability Report Our seals: To learn more about the Bank’s ESG practices, click here: Governança Corporativa - ASG Financial Education: Capacitar 50+: an exclusive course designed for people over 50 years old who wish to reenter the job market. • Você no controle: aimed at Bmg’s employees and customers aiming to promote literacy and awareness in financial education.
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Robust corporate governance structure Shares listed on B3’s Level 1 of corporate governance Governance practices beyond legal requirements Permanent Fiscal Council Interest on Shareholders’ Equity Quarterly Deliberation Board of Directors with 44% of independent members, including the chairwoman Publication of Annual ESG Report 100% of tag along for common and preferred shares Audit Committee with 33% of independent members Performance and Indicators 3Q25 2Q25 3Q24 Closing price (R$)1 3.94 3.50 3.34 Average daily trading volume (R$ million) 1.8 1.9 1.9 Price/Earnings (P/E) 5.0 4.4 4.4 Price/Book Value (P/B) 0.6 0.6 0.5 Market Consensus Buy 3 Neutral 2 Sell 0 Source: Bmg and Bloomberg. | 1. Historical price adjusted for dividends. Free float shareholder base spread out with 95k shareholders Market maker promoting better liquidity Participation in B3 Indexes: IGC – Differentiated Corporate Governance Index and ITAG - Differentiated Tag Along Stock Index Market cap Sep/25: R$ 2.4 billion, +6.6% YoY (in the same period: 21.2% IFNC and 10.9% IBOV) Dividend Yield: 10.3% (last 12 months) 17
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Corporate governance 181. Base date: 11/12/2025. |2. The controlling block includes shareholders bound by a shareholders' agreement and other persons linked to the controlling shareholders. | 3. In September 2025, the acquisition of the remaining 40% of Bmg Seguradora was completed, so that Bmg came to hold 100% of the share capital Corporate Structure Shareholders % Common % Preferred % T otal Controlling Group2 93.0% 36.7% 72.7% Treasury stock 0.0% 1.1% 0.4% Minority shareholders 7.0% 62.2% 27.9% Number of shares (million) 382.8 216.3 599.1 Shareholding Composition1 100.00% Bmg Participação em Seguradoras 100.00% 100.00% 99.99% 50.00% 99.98% Investees Business Bmg DTVM Bmg Leasing Banco Bmg Soluções Financeiras 99.99% 100.00% 100.00% Bmg Bank Cayman Banco Bmg Consignado 100.00% 100.00% ME Promotora Bmg Soluções Eletrônicas 80.00% 99.38% Bmg Seguro Other Companies Bmg Participações em Negócios 99.99% 51.00% 3
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Voting Members, of which Voting Members, of which Voting Members, of which Voting Members, of which Voting Members, of which Voting Members, of which Corporate governance 19 Board of Directors with complementary experience & skill set Background Background Background Background BackgroundBackground Monthly Since: 2013 Quarterly Since: 2012 Bimonthly Since: 2019 Bimonthly Since: 2018 Quarterly Since: 2019 9 6 committees reporting to the Board of Directors 3 3 3 5 1 6 2 7 1 Background Background Background 3 Monthly Since: 2023 3 3 1 Vice-Chairman Chairwoman - Independent Member Vice-Chairman Member Independent MemberIndependent MemberMember Member Independent Member Fiscal Council Audit Committee Strategy & Innovation Committee Compensation, People and Culture Committee Risk and Capital Management Committee ESG Committee Technology and Operations Committe Executive Forums (Permanent) Sitting Members Alternate Members independent independent independent independent independent Reporting to the Boardindependent José Eduardo Dominicale Dorival Dourado Jr. Olga Stankevicius Colpo Antônio Mourão Guimarães Neto Ricardo Annes Guimarães Flavio Dias Fonseca da Silva Marco Antônio Antunes Ângela Annes Guimarães Gueitiro Matsuo Genso
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20 Bmg since: Background: Organizational structure suited to the business profile Felix Cardamone CEO Marcelo Picanço CEO Bmg Seguro Mar/23 Jan/10 Jun/23 Apr/24 Nov/21 Oct/18 May/21Jun/23 Sep/25 Dec/24 Jan/23 Flávio Neto VP of Business Support João Consiglio VP Products and Sales Bruno Capelin Customer, Digital and Growth Officer Edilson Jardim Commercial Officer Eduardo Vasconcelos Operations and Technology Officer Jan/24 Oct/23 Carlos André Financial Officer Luciana Buchman Legal Officer Roberto Simões Treasury and Funding Officer Ricardo Takeyama Credit and Collections Retail and Data Officer Andréa Milan People and ESG Officer Alexandre Witzel Ibrahim Dir. Integrated Risks and PLDFT
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Agency Date Rating Outlook Fitch Rating August 2025 Local Currency A (bra) Positive Foreign Currency BB- Stable Moody’s October 2025 Local Currency A-br Positive April 2025 Foreign Currency B1 Stable S&P May 2024 National Scale brA Stable RISKbank June 2025 Low Risk for Medium Term 2 - Ratings 21
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Financial Highlights (R$ million | % p.a.) 3Q25 2Q25 1Q25 4Q24 3Q24 9M25 9M24 2024 2023 Net Income 148 125 115 125 116 388 316 441 205 ROAE 16.6% 14.3% 12.1% 12.2% 11.6% 13.6% 10.5% 10.7% 5.2% ROAA 1.2% 1.0% 0.9% 1.0% 1.0% 1.0% 0.9% 0.9% 0.5% Net Interest Margin 1 1,345 1,443 1,449 1,429 1,416 4,237 4,041 5,469 4,947 Net Interest Margin 2 16.5% 17.8% 18.5% 18.1% 17.3% 16.9% 16.3% 16.2% 16.0% Efficiency Ratio 3 57.8% 53.9% 47.9% 51.4% 51.8% 53.0% 53.2% 52.8% 57.9% NPL – Over90 4 3.9% 3.8% 4.1% 4.4% 4.7% 3.9% 4.7% 4.4% 3.5% Basel Index 13.1% 12.7% 12.2% 13.2% 14.0% 13.1% 14.0% 13.2% 13.3% Total (BACEN methodology) (million) 9.2 10.3 10.4 10.7 10.5 9.2 10.5 10.7 10.4 Balance Sheet (R$ million) 3Q25 2Q25 1Q25 4Q24 3Q24 9M25 9M24 2023 2023 T otal Credit Portfolio 23,520 24,680 26,817 26,336 25,210 23,520 25,210 26,336 23,827 Free Cash 5 5,310 6,774 2,724 3,290 4,277 5,310 4,277 3,290 5,609 T otal Assets 48,834 48,879 50,564 49,576 46,072 48,834 46,072 49,576 44,679 Shareholders’ Equity 3,846 3,731 3,648 4,306 4,258 3,846 4,258 4,306 3,925 T otal Funding 34,039 35,748 33,450 32,922 34,318 34,039 34,318 32,922 31,984 Main indicators 22 1) Income from credit operations + income from marketable securities transactions + funding expenses and derivatives + income from services rendered + insurance operations. | 2) Net interest margin / average revenue generating assets and annualized via exponentiation. | 3) (personnel expenses + other administrative expenses + other operating expenses/income) / (financial margin + commission expenses + tax expenses). | 4) (Contracts more than 90 days past due / total portfolio). The balance of the Over90 portfolio considers overdue installments plus those falling due on each contract. | 5) Available cash + interbank investments + Brazilian government securities accounted for as " free " in marketable securities.
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Contact & Disclaimer 23 INVESTOR RELATIONS TEAM ri@bancobmg.com.br www.bancobmg.com.br/IR "This presentation may include estimates and forward-looking statements. Such forward-looking statements are based in large part on current expectations and projections about future events and financial trends that affect or could affect Banco Bmg business. Many important factors could adversely affect Banco Bmg results as discussed in these forward- looking statements and estimates. These factors include, but are not limited to: the domestic and international economic environment, fiscal, exchange and monetary policies, Banco Bmg ability to obtain funding for its operations and changes in Central Bank regulations. The words "believes”, "can," "may”, "aims”, "estimates," "continues”, "anticipates”, "intends”, "expects” and other similar words are intended to identify estimates and projections. Forward-looking statements and estimates include information regarding results and projections, strategy, competitive position, industry environment, growth opportunities, the effects of future regulation and the effects of competition. Such estimates and projections speak only as of the date they are expressed, and we undertake no obligation to publicly update or revise any such estimates due to new information, future events or any other factors. Because of the risks and uncertainties described herein, the forward-looking statements in this presentation may not materialize. In view of these limitations, it should not make any investment decisions based on the forward-looking statements contained in this presentation.”