XP Inc. Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	12,413	5,611	3,943	3,553	2,486	1,955
Short-Term Investments	15,029	22,057	14,889	7,604	8,895	6,627
Trading Asset Securities	239,964	195,524	126,250	95,013	68,767	56,777
Accounts Receivable	-	608.95	515.59	487.33	413	448.84
Other Receivables	35,778	29,424	28,768	22,341	12,881	3,980
Property, Plant & Equipment	746.76	763.1	655.17	569.39	598.47	387.17
Goodwill	-	1,921	1,833	595.22	542.75	474.37
Other Intangible Assets	2,703	713.1	668.64	248.96	278.23	239.2
Investments in Debt & Equity Securities	70,436	66,949	55,127	47,268	35,033	20,938
Other Current Assets	7,250	8,523	4,719	5,922	2,162	1,830
Long-Term Deferred Tax Assets	3,051	2,888	2,104	1,612	1,273	505.05
Other Long-Term Assets	12,106	12,475	9,567	6,821	6,012	1,867
Total Assets	399,477	347,457	249,041	192,035	139,340	96,029
Accounts Payable	734.02	763.47	948.22	617.39	867.53	859.55
Accrued Expenses	831.99	1,557	1,480	1,190	1,298	841.81
Short-Term Debt	127,024	113,494	58,126	40,396	38,190	39,659
Current Portion of Long-Term Debt	30,379	18,102	24,212	15,451	4,018	2,462
Current Portion of Leases	31.81	40.76	69.72	69.72	71.93	34.02
Other Current Liabilities	80,721	75,483	45,063	40,413	25,929	20,415
Long-Term Debt	25,072	27,304	23,802	19,577	14,934	3,448
Long-Term Leases	269.82	270.59	235.04	215.92	246.63	174.43
Long-Term Deferred Tax Liabilities	379.71	265.29	86.36	111.04	28.93	8.35
Other Long-Term Liabilities	25,158	23,734	18,933	11,074	7,142	3,580
Total Liabilities	375,808	327,410	229,590	174,992	124,921	85,132
Common Stock	0.03	0.03	0.03	0.02	0.02	0.02
Additional Paid-In Capital	4,766	5,651	6,417	6,986	6,821	6,821
Retained Earnings	3,874	-	-	-	-	-
Comprehensive Income & Other	15,295	14,614	13,149	12,036	7,768	4,073
Total Common Equity	23,664	20,044	19,449	17,036	14,417	10,895
Minority Interest	4.69	3.68	1.49	6.48	2.79	3.01
Shareholders' Equity	23,669	20,047	19,451	17,042	14,420	10,898
Total Liabilities & Equity	399,477	347,457	249,041	192,035	139,340	96,029
Total Debt	182,777	159,211	106,444	75,709	57,460	45,777
Net Cash (Debt)	84,629	63,980	38,638	30,460	22,687	19,582
Net Cash Growth	31.72%	65.59%	26.85%	34.26%	15.86%	45.05%
Net Cash Per Share	157.37	116.68	71.00	53.16	39.56	35.02
Filing Date Shares Outstanding	525.75	537.42	548.44	541.32	559	559.06
Total Common Shares Outstanding	525.75	537.42	548.44	541.32	559	559.06
Working Capital	69,941	52,135	48,960	36,639	24,956	7,086
Book Value Per Share	45.01	37.30	35.46	31.47	25.80	19.49
Tangible Book Value	20,961	17,409	16,947	16,192	13,596	10,181
Tangible Book Value Per Share	39.87	32.39	30.90	29.91	24.33	18.21

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.