Agi authorizes repurchase of 3 million Class A shares under program running through 2027

Key Facts

Agi Inc’s board of directors authorized the repurchase of up to 3 million Class A common shares, according to a disclosure the company attached to a 6-K filing with the U.S. Securities and Exchange Commission and StockTitan published on October 27, 2026. The program gives the company an additional tool to return capital to shareholders, management said in the disclosure. It begins on the same date and will continue until the repurchase is completed or October 27, 2027, whichever comes first. The company tied the timing of execution to market conditions, so the announced cap does not mean the full amount will be purchased. The disclosure also did not specify a number of shares that must be bought during any period.

Agi said repurchases will be funded from cash balances derived from retained and future earnings. This stated funding source places the program within the company’s capital and liquidity management, rather than creating an obligation to buy a specified amount by a fixed date. It said the program does not require it to acquire a certain number of shares during any period. The board may expand, extend, amend or suspend the program, according to the disclosure. The actual number of shares and timing of purchases therefore remain subject to the company’s decision and market conditions throughout the program period.

The company identified several execution channels, including open-market purchases, derivatives transactions and privately negotiated purchases, under the regulatory rules cited in the announcement. These options give management flexibility in choosing how to execute the program, while the maximum remains 3 million Class A shares. The company said the program “provides the company with an additional tool to return capital to shareholders over time.” It added that the decision reflects the board’s and management’s confidence in the company’s long-term value and the strength of its business model. The disclosure linked this approach to balancing capital returns with sustainable growth and maintaining prudent levels of capital and liquidity.

The announcement follows the release of second-quarter 2026 results, when revenue reached 3.2 billion Brazilian reais, up 26% year over year. The company reported net income of 200.3 million Brazilian reais, up 7% from the previous quarter, while return on equity for the last 12 months was 21.6%. The active customer base expanded 36% year over year to 7.6 million. The loan portfolio also grew 21% to 37.1 billion Brazilian reais in the quarter. These results show the level of activity against which the capital-return plan is being introduced, while the company says its priorities also include sustainable growth and liquidity.

Agi describes its banking model as combining digital services with physical branches to serve customers it says are outside the priorities of Brazil’s large traditional banks and pure digital banks. The disclosure presents the program in the context of this model, describing it as a reflection of the company’s confidence in its long-term value and the strength of its business. In the stock market, the company’s shares closed at $4.73 on October 26, 2026, down 37.60% during the session, according to historical data published on Investing.com. That closing price preceded the program announcement on October 27; the disclosure does not attribute the session’s decline to the decision. The next step is the start of the repurchase period on October 27, 2026, which will end when the program is completed or on October 27, 2027, whichever comes first.