Nu Holdings Ltd. (NU) Earnings Call Transcript

Hello, and welcome to the Annual Meeting of Shareholders of Nu Holdings LTV. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to David Vélez Osorno, Chairman of the company; and Beatriz Outeiro, Legal Senior Director of the company. The floor is yours.

Good morning, ladies and gentlemen. My name is David Vélez Osorno. I am both a Director and the Chairman of the Board of Directors of Nu Holdings Limited. On behalf of the company, it is my pleasure to welcome you to this Annual General Meeting or AGM of shareholders. It is 8:00 a.m. here in Sao Paulo between 7:00 a.m. Eastern Time in the United States. And in accordance with the notice of the AGM, I call to order this AGM of Shareholders of Nu Holdings Limited. I would like as Chairman of this meeting, and Beatriz Outeiro, or legal Senior Director, will act as the Secretary of this meeting.

Good morning. My name is Beatriz Outeiro. I'm Legal Senior Director of the company. Please note the agenda displayed on the screen regarding the items to be discussed at this meeting. Further, as we commence this AGM, I'd like to extend a special welcome and thanks to our shareholders. This AGM is held person to notice served on July 6, 2026 to the shareholders entitled to vote as of the close of business on June 27, 2026, being the record date for the AGM in accordance with the memorandum and Articles of Association of the Company. All documents concerning the notice of AGM will be filed with the records of the company. The company has appointed Brian Heffernan, Computershare Inc. to act as inspector of elections at this AGM and Computershare will remotely tabulate the votes. I have received and submit to this meeting, the preliminary report of the Inspector of Elections from each of the peers that they are no less than approximately 23 billion shares represented at this meeting in person or by proxy, which represents 94.3% of all shares in issue entitled to vote at this AGM. One of our shareholders voting no less than a majority in aggregate of all shares issued and entitled to vote present in person or by proxy or if a corporation by its dual authority representative constitutes the quorum of the shareholders, and therefore, a quorum of shareholders is present. Each Class A ordinary share issued an outstanding as of the close of sites on the record date is entitled to one d1 vote at the AGM. Each class B ordinary share issued and outstanding as of the close of business on the record date is entitled to 20 votes at the AGM.

I direct that the report of the inspector of elections be filed with the recourse of the company. I hereby declare a quorum of shareholders present at the meeting and that this meeting is now regularly convened and duly qualified to transact business. .

With respect to voting at this meeting, the memorandum and articles of association of the company provided voting will be conducted by poll vote. On a poll vote every shareholder who is present in person or by proxies entitled to 1 vote in respect of each Class A ordinary share held by him and 20 volts in the keys of each class B ordinary share held by had. The matters to be acted upon by the shareholders are the following resolutions recommended by our Board of Directors. One, to resolve as an ordinary resolution that the company's audited financial statements and the company's [indiscernible] report on Form 20-F for the fiscal year ended December 31, 2025, be approved and ratified and to resolve as an ordinary resolution that the reelection of individuals listed from a to i as directors of the company. The nominees each to serve for a term any on the date of the next Annual General Meeting of the members or until such person resigns or is removed in accordance with the terms of the memorandum and articles of association of the company be approved. David Vélez Osorno, Anita Mary Sands, David Alexandre Marcus, Diego Piacentini Douglas Mauro Leone, Jacqueline Dawn Reses, Luis Alberto Moreno Mejía, Rogério Paulo Calderón Peres, and Thuan Quang Pham. Now we will proceed with the results of the balloting. Inspector of elections, please report the results of the balloting?