Itaúsa management commentary: Investee gains drive 25% rise in 3Q26 recurring net income

Itaú Unibanco’s contribution increased 15%, supported by loan growth, healthy credit quality and higher asset-management and card revenues. Nonfinancial investees’ contribution rose 122%, primarily reflecting Aegea’s capitalization effects and gains in NTS’s fair value.

Lower debt costs narrowed Itaúsa’s financial loss to R$57 million, partly offset by reduced returns on cash. Nonrecurring charges totaled R$107 million, mainly reflecting Motiva’s airport write-off, extraordinary bank provisions and Dexco plant closures.