Agi Reports Net Income of 276 Million Brazilian Reais in Third Quarter of 2026
Key Facts
Agi Inc. reported on November 11, 2026, net income of 276.0 million Brazilian reais for the third quarter ended September 30, up 37.8% from the previous quarter, according to a company statement. The report reflects simultaneous growth in lending activity and fee revenue, alongside an expanding customer base. Pretax profit was 187.2 million Brazilian reais, up 62.8% quarter on quarter. The chief financial officer and investor relations officer said, "Record customer acquisition, stronger loan origination and fee revenue growth translated into higher earnings." The company is listed on the New York Stock Exchange under the ticker AGBK.
Total loan originations reached 10.2 billion Brazilian reais during the quarter, up 42.5% from the second quarter and 76.5% from the same period a year earlier. The gross loan portfolio rose 4.5% quarter on quarter and 12.5% year on year to 38.8 billion Brazilian reais. Private-sector payroll loans were among the areas of expansion, with that portfolio growing 60.5% from the previous quarter to 2.3 billion Brazilian reais. The company also held a 10.0% share of the INSS payroll loan market, up 40 basis points from the previous quarter. These indicators point to lending growth across more than one segment, with payroll loans a clear driver of portfolio growth during the quarter.
On the revenue side, fee revenue reached 244.1 million Brazilian reais, up 80.1% from the previous quarter and 29.8% from the third quarter of last year. This growth made fees one of the leading operating performance factors cited by company officials in explaining higher earnings. In digital expansion, active Agi+ subscriptions exceeded 700,000 as of November 11. Management said record customer acquisition, along with improved loan originations and fee growth, contributed to higher earnings. Active customers increased 29% year on year to 8.3 million in the third quarter.
Compared with the second quarter, net income continued to grow: the company reported 200.3 million Brazilian reais then, up 7% from the first quarter, while its return on equity for the trailing 12 months was 21.6% through the end of the second quarter. Before the results announcement, Agi disclosed on October 27 a program to repurchase up to 3 million Class A shares over one year. The program allows repurchases through October 27, 2027, with no obligation for the company to buy a specified number during any period. The stock closed at $5.1 on November 10, according to EL7 data. The results conference was scheduled for the day of the announcement at 5:00 p.m. Eastern Time, corresponding to 7:00 p.m. Brasília time.