Inter&Co Inc. Reports Year-Over-Year Net Income Growth of 57%

Core Insights - Inter&Co Inc. reported strong financial results for Q1 2025, highlighting a significant increase in net income and improved efficiency metrics [1][6] - The company emphasizes its commitment to innovation and cost control, which has contributed to its growth and profitability [2][3] Financial Performance - Total clients reached 37.7 million, with 21.6 million active clients and an activation rate of 57.2% [6] - Net income was R$287 million, a 57% increase year-over-year [6] - Return on equity improved to 12.9%, up from 9.2% in Q1 2024 [6] - Efficiency ratio reached 48.8%, improving by 1.3 percentage points compared to Q4 2024 [6] - Non-performing loans (NPLs) over 90 days decreased to 4.1%, down 0.8 percentage points from Q1 2024 [6] Strategic Initiatives - The company is focusing on peer-to-peer payments (Pix) in Brazil and has seen significant uptake in its loyalty program, Loop [2] - The introduction of a new Private Payroll offering aligns with Inter's digital, low-cost distribution model, presenting a key growth opportunity [2]