Itaúsa releases transcript of 2Q26 earnings webcast
Reuters2026/09/11 17:55- Itaúsa released a transcript of its 1H26 results webcast held Aug. 11, attended by CEO and IR head Alfredo Setubal, CFO Priscila Grecco.
- Net profit reached R$ 9.6 billion, up 22%; recurring profit was R$ 8.8 billion, up 12%, excluding R$ 857 million Itautec gains.
- Management flagged a slow-growth outlook, high household leverage, election-related uncertainty, possible credit deterioration, risk of mild recession in 2027.
- Holding expects PIS/COFINS expense on JCP to end in 2027; cited R$ 860 million cost in 2025, cash freed first for replenishment.
- No share buyback under review; only 5,000,000 shares repurchased for long-term incentive plans, dividends policy unchanged through 2027.
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