AGI Inc, the Cayman holding company for Banco Agibank, reported R$386.8 million in net income for the six months ended June 30, 2026, with total assets of R$51.1 billion at period end.
The company completed a February 2026 initial public offering of 20 million Class A shares priced at US$12.00 each, generating US$240 million in gross proceeds, or US$226.7 million after underwriting fees and expenses. The net proceeds, equivalent to R$1.24 billion, expanded the capital base materially.
Equity climbed to R$4.80 billion by June 30, 2026, from R$3.17 billion at year-end 2025, driven principally by the capital raise.
For the second quarter alone, AGI Inc recorded R$200.3 million in net income.
Loan receivables totaled R$37.1 billion as of June 30, 2026, with payroll loans representing 76.7 percent of the portfolio at R$28.5 billion. The allowance for expected credit losses stood at R$2.23 billion, with R$1.06 billion recognized as credit loss expense during the first half. The company shortened its write-off horizon for past due loans from 360 to 270 days.
Net interest income for the period reached R$2.18 billion.
AGI Inc maintains a dual-class share structure: 58.9 million Class A shares (one vote each) and 101.2 million Class B shares (ten votes each), giving founders outsized voting control while both classes participate equally in dividends and capital distributions. This separation of economic and voting rights concentrates governance.
The company retains substantially all risks and rewards on R$13.2 billion in assigned loan receivables held on the balance sheet, with corresponding R$13.2 billion in related obligations. The FIDC subordinated interests absorb first losses and are held by the Group.
Cash and equivalents totaled R$1.05 billion as of June 30, 2026. Operating activities used R$1.53 billion during the first half, while financing activities provided R$1.88 billion, including IPO proceeds.
