Agi Inc. Q2 Net Income R$200.3M; Active Clients 7.6M
Agi Inc. reported Q2 2026 Net Income of R$200.3 million, a 7.4% increase quarter-over-quarter, with total revenues growing 26.3% year-over-year to R$3,171.0 million. The company achieved significant operational milestones, including a 36.4% YoY increase in active clients to 7.6 million and a 21.2% YoY growth in its gross credit portfolio to R$37.1 billion. Agi also gained 60 basis points in INSS Payroll Credit market share, launched a new subscription service (Agi+) with strong early adoption, and introduced a proprietary investment platform. Despite a temporary NIM compression and upfront provisioning impacting pre-tax earnings, the company expects stronger financial contributions in the second half of 2026, citing an operational inflection point.
Key Highlights
- Net Income for Q2 2026 was R$200.3 million, up 7.4% QoQ.
- Total Revenues reached R$3,171.0 million in Q2 2026, a 26.3% increase YoY.
- Total active clients grew 36.4% YoY to 7.6 million by end of Q2 2026.
- Gross Credit Portfolio expanded 21.2% YoY to R$37.1 billion.
- Gained 60bps market share in INSS Payroll Credit, reaching 9.60%.
- Launched Agi+ subscription service, surpassing 250,000 subscriptions in 45 days.
- Credit ratings upgraded by Fitch to 'AA(bra)' and Moody's Local to 'AA.br'.
- NPL > 90 days improved to 3.3%, a 0.3 p.p. reduction QoQ.
Price Impact
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