Thank you, Danilo. Good morning to everyone that are participating in this earnings results for Q1 of 2026.

I would like to go to page 3, please. I would like to initiate strengthening our strategy, which is always focused on our clients' needs to leverage ourselves on the proven expertise that we have regarding our products for the C and D classes, also based on the tradition and the brand of the bank with 96 years of history.

How we want to service these clients, that should be through a combination of physical and digital channels. This means that we would like to service our clients wherever they are.

This with our 950 stores and with all our digital channels structured that I will elaborate on subsequently. Based on addressable market, which is broad, be it for retirees, customers C and D classes, the CLT customers that are focused on the private payroll.

This is all based on a team that has showed a great capacity of strong execution. We always strengthen that we strongly invest on our team, on our training, on the improvement of our culture.

Today, BMG Bank came second place in LinkedIn Top Companies 2026 among medium-sized companies with up to 5,000 employees. Last year we ranked second and third place in GPTW, and this shows that we will only be able to service our clients if we have an engaged, prepared, encouraged team so that our clients are more and more satisfied with us.

Of course, we can never waiver a technological platform that is scalable, flexible, stable, and that provides agility in order to service our clients. Now on our next slide, I would like to highlight the transparency with our clients, which is critical for us.

This in all our channels and processes so that we can always guarantee that we understand our clients, what they're buying, how they're buying from terms, rates, that line of our products. This is something that we're constantly focusing on.

We're always reviewing processes and journeys because we want our clients to engage more with us. We have over 9 million clients, and I would like to highlight important points: 91% satisfaction in service.

Now we're at 31st position in the Central Bank complaints ranking, improvement of two positions in the quarter. Now we were 29th, now we're 31st, and we're focused on service transparency satisfaction, the seal RA1000.

Everything demonstrates that our clients are more engaged. They will remain longer with us, and we will have sustainable results not only in the short, but also the mid and long run.

To take care of this relationship is one of our biggest assets. Now our next slide, that would be page 5.

I do understand that there are data that show that all of our investments in people, journey review, technological platform, AI agents in order to help us to analyze our processes, we are reaping the results now. I believe that one of the examples is what is connected to self-contracting, origination through self-contracting through WhatsApp, credit, shopping in the digital bank's experience, they self-contract.

This volume is R$1.3 billion of origination. Almost 50% of origination comes through this channel.

Our client can get service wherever they want, how they want, in a very transparent fashion. This is why engagement is better.

Of course, we still have a lot to do in this journey. We do understand that we are reaping these fruits, but the competitive differential together with the strength of the brand of our bank and the confidence that it conveys, well, with this, we have better results.

Now going to our next slide, the result of everything that we have been done, something that I showed very quickly in the past slides, this is combined with an ROI of 15.3% during Q1 of 2026. Our ROAE, of course, overcoming our average during the last quarter of 2025, the ROAE was higher, it was around 19%, but we always clarified that this was not the ROAE cruise speed.

Now we are at 15.3% with a net result of R$147 million. I'm absolutely sure that it demonstrates execution capacity with a strategy that has shown to be a winner and that is correct and a long-term view.

Therefore, we're going to evolve during each quarter, although this is a challenging market right now. At last, a point that I would like to share with you on slide 7, please, is our ESG initiatives within the bank.

We committed through the 1% commitment to donate 1% of net profit to socio-environmental causes, which I think is super important and super relevant for the sustainability of our business. I would highlight our financial education programs for employees and for our clients, a work that we have been doing of training, whether through financial education or training, our institute has reached 126,000 people benefited.

This gives a lot of pride to the bank, which is to work on growth sustainably, but also help society and the people who need it most. If we have a more buoyant economy and we have people more trained, understanding financial education, getting their jobs, etc., this is good for the bank because these are potential customers.

Now I give the floor to João to continue with our presentation.

Thank you, Felix. Thank you to everyone.

Before we talk about our product, first and foremost, on page 9, basically, I would like to strengthen our commitment in terms of relationship and how we cherish transparency and how responsible we are when it comes to service our clients through all the channels. We've made a great effort for what the client wants from the bank or what is offered from them, we want to be absolutely sure that they get what they want.

Today, we have a confirmation video call with 100% of the retirees of the INSS that use the bank. This gives more quality, safety, more compliance with our standards for all our partners, collaborators, because we want to be absolutely sure that the client understands the conditions that were offered and what they're hiring.

In addition to this, we launched a new sales platform where we guarantee a better experience, more productivity, and a better credit offering according to the client's need. This new sales platform is supported by AI with a better offering for the client according to their capacity and the priority because we always want to offer first the more convenient and cheaper credit lines for our customers.

The result is that our origination mix has become more balanced and more profitable. During this quarter, I would like to highlight the private payroll loan that appears as a very important business for us in the bank and the net revenue per client that has been growing 13% year-over-year, and now it's R$56 per month.

On page 10, we can talk about the payroll product, the public, about 50 years of age, and we work with C, D, E classes. We are strongly focused on the quality of the relationship and what we offer to our customers.

The excellence in formalization allows us to work with a number of partners when we need to assign credit. This is important for the bank because this demonstrates the quality of our offering and all our origination from the bank.

In the INSS, and despite all the challenges that we faced during the quarter, origination is growing and benefited a bit by seasonality and the new operational system, which provides more productivity and facility. Now, in the payroll credit cards, that is a product where we can offer a way that a client can pay and, compared to other cards from the market, everything that they pay in installments will be done by or through the lowest interest rate in the market.

Origination represents 70% of our purchase operations when the client buys at the drugstore, at the supermarket, or wherever they need. If the client wishes, they can pay in installments.

The use of a card to pay is more intense and provides a major benefit for these clients that do not have limits with other cards. Now, on page 11, in the retail market, personal credit, this is sub-dimensioned, it is lower than what it could be.

It has been growing consistently with responsibility and with origination with good quality throughout the quarters. Our strategy that was adopted during the INSS auctions attracts clients and places us in a very advantageous position because our minimum allows to service these clients with the lowest cost.

Now, in the private payroll loan that has been gaining relevance, origination is majorly digital, and we use our physical presence for needs to increase the proximity. Now, this is a market where we embark very cautiously at the end of last year.

We saw these operational processes that were working in accordance, and now we feel secure with this origination. The broadening of the physical channel allows us to become closer to our customer, and the cross-sell potential is important because these are new clients, and these are a lot of clients that are using the bank.

On page 12, now speaking about insurance, the integrated action of the insurance company and brokerage house allows us to offer products according to the needs of our clients, and they have access to protection, assistance, and here we can increase the recurrence and the relationship with our customers. Here we have BMG Med that broadened the access to telemedicine at accessible prices for those that don't have access to immediate and urgent medicine as it is needed.

Now on slide 13, here, this is our wholesale market and this is corporate market, and it is disciplined in capital allocation, focused on value. In the corporate segment, we're advancing consistently.

We are diversifying our credit portfolio and the origin of the revenues. We are very selective, we are very disciplined, where the operations with the best returns are used together with the capital markets, debts, derivatives, equities, and with this, we have better return with our customers relationship.

This is according to the minimum returns that are expected by the bank. During the last two quarters, our volume was slightly lower on credit revenue.

This is a natural oscillation of the corporate market, which depends on the performance of different operations from the capital markets and M&A. During this quarter, we participated in seven offerings in the capital market and one M&A.

With this, I hand it over to Flávio that will talk about assets and liabilities.

Thank you, João. Good morning to everyone.

Now going on slide 15, here we present the change in mix of our assets throughout the last quarters. Here you can see that we grew mainly on the private payroll loans, but also payroll loan and payroll credit cards, also as personal credit.

On the other side, we dropped in other portfolios where we have been reducing throughout the time with lower profit than the other portfolios. With this mix, we have been able to positively influence our margin.

Now another highlight regarding the growth of our portfolio after spending the entire 2025 reducing the portfolio of this mix, during Q1, now we're presenting a growth in our portfolio. Now on slide 15, excuse me, slide 16, here you can see our provisioning expenses net of recovery with a slight high.

The slight high is due to the growth of our private payroll loan portfolio. Since 466 resolution from the Central Bank, we provisioning the expected loan in the origination of the operation, and every time we grow in a portfolio with a slighter risk, the level of provisioning expenses will increase.

Despite when we see with the NPL over 90, we can see that our level is very stable, and we have navigated between 3.5 and 4%. Now we're at 3.7%, which is stable, as our NPL stage 3, which remains stable at 6%, demonstrating the quality of our credit portfolio.

Now when we go to slide 17, here you can also see our funding base. We always like to match assets and liabilities, not only in rates, currencies, but also from the duration point of view.

We can see that our liability has an extended profile with very good short-term liquidity. If we see our short-term liquidity, LCR 284% or the NSFR at 123%, these are levels which reassure us and guarantee liquidity.

When we see funding, our portfolio is over R$33 billion, and 37% is institutional funding. This has also allowed us to be strongly present in institutional investors.

I'm talking about our frequent issuance. In the past years, there were 15.

Here we had 15 issuances between security letters. Another indicator which we analyze is VF/DGC, and this is a trigger for fundings that are backed by LCD, and it has been 48%.

If you grow up to 60%, there is no type of penalty or additional cost. We consider that this is a very suitable level.

Now slide 18, here we present our capital indicators, level 1 9.8%, our Basel ratio with 12.9%. We would like to remind you that recently we capitalized the bank with over R$200 million that were capitalized in order to strengthen the bank's capital.

Here, when we compare this to the last year, we start 2026 with a robust balance. During each January, we have the phase-in of 466, and there is an important impact on our capital, but this year we started with a stronger capital position, and there are leverages to generate capital, be recapitalization of JCP, credit assignment, consumption of tax credits, and the internal capital generation because we have more positive results.

With this, now I hand it over to Danilo so he can present our financial results.

Thank you, Flávio. Can we go to slide 20?

Now speaking about the margin expansion, financial after credit cost grew in the quarter as well throughout the year, and we totaled during Q1 R$853 million. This shows that the growth comes from a more profitable mix of portfolio, despite the initial effects of the private payroll loan.

I would like to highlight, let's go slide 21, I would like to strengthen that although with the growth of the operation, the bank has maintained a rigorous cost management. The cost of serving grows marginally, which was driven by our customer base, and the total expenses are slightly lower than the last quarter, but they're very stable when we see the last quarters.

Now with the growth of the margin and stable expenses, we improve our efficiency, as you can see in the past slide. The operational provisions are impacted because the INSS is challenging situation.

We would like to highlight that our success in these actions are 75% for all our base and 90% success rate in the video call lawsuits. Today, for 100% of the formalization, we have confirmation via video.

Now on slide 22, I would like to highlight that the shares of BMG were valued above the small caps and the financial index, but this doesn't reflect the moment of the bank. We have a ROAE that is grown close to the average of the market, a dividend yield above the other banks, but our price-to-book value is still a lag behind.

I would like to hand it over to Felix so he can finalize this presentation.

Danilo, thank you very much. João, Flávio as well.

Let's go to our next page. As a final message, first, I would like to highlight our strong investments on customer satisfaction.

Our investment, a constant investment on client satisfaction through transparency, new journeys. Our focus on engagement, training, and the encouragement for our team, which is of utmost importance for everything that we have been doing.

We also evolve our ROAE in a sustainable way, also our financial margin, and also after the PDD drop, we had a Basel incidence which is sound. This shows you that we're on the right path.

We still have room for improvement. This is a challenging market.

The BMG Bank has a team that is supported by the board and the controlling shareholders, has showed a great ability to execute and to adapt itself to the different variables that we face, be it when new businesses and new products emerge like the private payroll loan, which was a very assertive strategy, and this accounts for a very significant volume of our origination and is ever growing in our portfolio and helping us in our results. I do understand that everything, our investments, we are reaping the fruits.

The results of this quarter show how sound our strategy is, how our team is strong, how our bank is strong, and we will continue throughout this pathway searching for better results. I thank all of you for participating in our earnings results.

I thank all our employees, our franchisees. Everybody has worked incredibly, investing in the expansion of our stores and how careful they are with our clients.

Let's go on. We have the entire year of 2026 to work.

Thank you.

Of course. Thank you, Leduc, for the question.

You went straight to the point. What happens, due the Resolution 4966, the provision comes before, and the result, the interest rates of the portfolio, we collect them at the end.

Although we're highly satisfied and reassured with this portfolio, the contribution for the results up till this quarter is still negative. Obviously, when you see the older periods around 6 and 9 months, you can see a positive contribution.

Since we start seeing better results, the contribution is more important, but during this first moment, it's negative. We do expect an evolution in the results based on the growth and the maturity of the private payroll loan.

Leduc, thank you for the question. What is important to highlight is, be it a payroll credit card or direct debit loan, these are the lowest interest rates in the country.

This product, there was an origination of R$9 billion per month. Today, this origination is around R$3 billion per month.

Now the low-income client had less access to this line, that is the cheapest line. Currently, we're assessing, and we operate with all these products.

Therefore, that in the short term, our portfolio is preserved, and there is a dynamic of maturities where we will focus on. There is no impact in the short run.

As we work with a number of products, as I mentioned, there will naturally be a replacement of one product by the other. We must respect, obviously, these decisions.

I would like to also highlight that financial institutions have to work with certain predictability. This was a decision that was adopted, the entire financial market became aware of it during this week, on Monday.

What we strengthen here is that this will impact the journey of the clients, the commercial dynamic, our day-by-day. This also affects the products, and we must adapt ourselves very quickly to this new reality and continue our trajectory to seek efficiency and revenue.

The predictability is important. This doesn't affect our sales.

Yes, we have to provide sustainable results for the bank.

Good morning, everyone. This would be the consigned assignment.

You assigned R$940 million with R$42 million in result, 8.5% of the assigned volume, above 5.3% practice in 2025. Now default went up to 2.5% to 3.5%.

Can we say that you assigned a more sounder product from your portfolio, the NPL, is the effect of this composition? This strategy, will it continue in the upcoming quarters?

Flávio, can you help us with this?

Yes, thank you, Pedro, for your question. Yes, your rationale is right.

Today this wasn't different in the past. When you see the indicator of the NPL, this indicator deteriorates slightly when you withdrew this portfolio from the balance.

What is valid to highlight, there was no difference in terms of the quality of the portfolio. The spread varies throughout the time.

Sometimes this is connected to the interest rate, sometimes there are ups and downs, because the spreads open and close throughout the time. This is related to the sales time.

We have to highlight that in the INSS consignment, there is an effect regarding the part of the portfolio regarding clients that we worked with these clients because of perception of the increase of risk on the population. Now we've seen during the past month a number of cuts in benefits.

The governments are not paying benefits. In addition to the effect that I mentioned, the LOAS cutting contributed to the deterioration of the NPL indicator.

The Help stores are basically our network. They integrate our offering ecosystem of products and how we service our clients.

The digital world has been developing itself, but many times we feel that we need an in-person service for certain types of clients. This happens, and we leverage this.

We harness this because this is a bank that can service their clients digitally and physically in places where clients don't have access to other types of services. Now in addition to this, I would also like to highlight that the bank operates with franchises and Help stores.

The Help stores are not only expanding because of the incentives that the bank provides to these stores, but also because of the perspective and partnership with our franchises, and we want to see stores in places where there weren't stores in the past. I believe things will continue this way, and this will drive the growth.

Good morning, friends from BMG. I believe that the credit cost is influenced by the accelerated growth of the private payroll that operates with a negative margin, according to Flávio's comment.

Due to the origination in this line, is there a term where these results will provide positive results, and will we reverse provisions or there will be an increase in our financial margin?

Thank you for your question, Rafael. The provision impact takes place during the month where you originated a portfolio.

Theoretically, during the quarter where we present there is a great increase. The next tree, where you isolate, this is negative.

Here you have higher interest than any additional variation of the NPL. Now obviously, we have a accumulating growth.

Here, we had an origination of R$570 million. The return comes quicker.

If the production continues escalating, this takes longer, but if we see per period during the second quarter, it will be positive. Let's remember that this product is a product with a recent history.

The level of provisioning carries over uncertainty, we do see institutions operating in the same market but working with different provisioning levels with this product. What we are certain about, there will be an increase of the yield of our portfolio and the interest revenue.

If you start the quarter with a more robust portfolio, and provision expenses depends on the level of origination, when you have an origination that is aligned, it should...