Nu Holdings Ltd.

NYSE-NU

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Net Income	1,598.1	1,972.1	1,030.5	-364.6	-165.3	-171.5	-92.5	-28.6
Net Income for the Period
Net Income for the Year
Net Income for the Year
Depreciation & Amortization	128.6	77.1	62.9	35.6	17.3	7.4	5.1	1.1
Depreciation and Amortization
Depreciation and Amortization
Share-Based Compensation Expense	402.3	272.4	212.6	253.2	157.3	35.6	18.5	9.3
Stock Options Granted
Share-Based Compensation
Other Adjustments	20,019.8	10,670.3	6,150.9	2,930.4	637.5	410.6	98.1	153.5
Deferred Income Taxes
Provision for Lawsuits and Administrative Proceedings
Gains on Financial Instruments
Interests Accrued
Deferred Income Taxes
Customer Program
Provision for Lawsuits and Administrative Proceedings
Gains on Financial Instruments
Unrealized Gains on Other Investments
Unrealized Gains and Losses on Financial Instruments
Interest Accrued
Contingent Share Award - Termination
Others
Total Adjustments
Interest Received
Changes in Trading Assets	-2,333.7	-2,552.2	699.1	-1,102.9	-4,666.8	-2,008.9	-1,689.5	-608.5
Change in Securities
Change in Securities
Changes in Accrued Interest and Accounts Receivable	-9,494.8	-12,511.9	-12,592.3	-7,584.8	-4,090.6	-648.9	-1,477.5	-947.5
Change in Credit Card Receivables
Credit Card Receivables
Change in Loans to Customers
Loans to Customers
Other Receivables
Changes in Accounts Payable	2,064.6	-528.5	2,818.6	2,221	1,602.5	312.6	1,365.5	740.9
Payables to Credit Card Network
Change in Payables to Network
Changes in Accrued Expenses	4.6	3.8	25.9	11.3	4.8	3.6	10.3	6.7
Change in Deferred Income
Deferred Income
Changes in Other Operating Activities	-160.1	936.4	-4,016.8	-2,001.5	-633.1	78.3	-133	13.9
Interbank Transactions
Interbank Transactions
Change in Compulsory and Other Deposits at Central Banks
Change in Other Assets
Change in Other Assets
Change in Other Liabilities
Change in Other Liabilities
Interest Paid
Income Tax Paid
Cash from Operating Activities	5,639.1	2,399	1,266.2	755.6	-2,924.3	974.5	276.1	-5.4
Cash Flows Generated from Operating Activities

Cash Flow Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Provision for Credit Losses	5,890.2	3,469	2,487.6	1,440.9	503.7	187.8	194	150.4
Credit Loss Allowance Expenses
Credit Loss Allowance Expenses

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Net Change in Securities and Investments	—	—	—	-2.5	-11.2	—	—	—
Acquisition of Securities - Equity Instruments
Payments for Business Acquisitions	—	-5.6	—	-10.3	-114.5	-8.3	—	—
Acquisition of Subsidiary, Net of Cash Acquired
Capital Expenditure	-12.2	-5.4	-20.2	-20	-6	-3.1	-2.4	-5.9
Acquisition of Property, Plant and Equipment
Purchases of Intangible Assets	-414.2	-169.6	-156.8	-94.3	-22.5	-4.9	-2.3	-0.5
Acquisition and Development of Intangible Assets
Other Investing Activities	—	-150	—	—	—	—	—	—
Investments in Associates
Financial Instruments Derivatives
Cash from Investing Activities	-582	-330.6	-177	-127.2	-154.2	-16.3	-4.7	-6.4
Cash Flow Generated from Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Net Change in Deposits	5,339.7	5,910.6	7,664.8	6,278.1	4,001.9	2,871.2	2,088.8	646.2
Change in Deposits
Deposits
Issuance of Long-Term Debt	2,573.8	1,309.9	469.5	581.1	116.3	18	306.2	62.6
Proceeds from Securitized Borrowings
Proceeds from Borrowings and Financing
Proceeds from Debt Instruments Eligible as Capital
Repayments of Long-Term Debt	-1,103.8	-587.7	-53.4	-175.6	-131.3	-84.6	-97	-52.4
Payments of Securitized Borrowings
Payments of Borrowings and Financing
Lease Payments
Net Issuance / (Repayments) of Long-Term Debt	1,470	722.2	416.1	405.5	-15	-66.7	209.1	10.2
Issuance of Common Shares	6	5.5	9.1	252.5	2,603.1	6.8	5.8	243.9
Capital Increase
Issuance of Shares for Over-Allotment in IPO
Exercise of Stock Options
Repurchases of Common Shares	—	—	—	-4	-52.2	-0	-3.8	-0.7
Transactional Costs for Over-Allotment in IPO
Shares Repurchased
Net Issuance / (Repurchases) of Common Shares	6	5.5	9.1	248.5	2,550.9	6.8	2.1	243.2
Issuance of Preferred Shares	—	—	—	—	800	300	400	—
Proceeds from Senior Preferred Shares
Issuance of Preferred Shares
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	800	300	400	—
Cash from Financing Activities	1,476	727.7	425.2	654	3,336	240.1	611.2	253.4
Cash Flow Generated from Financing Activities
Cash Flows Generated from Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Free Cash Flow	5,626.9	2,393.6	1,245.9	735.6	-2,930.3	971.4	273.8	-11.3
Levered Free Cash Flow	-5,803.8	-11,886.5	-11,576.3	-8,400.3	-7,951.9	-2,497	-1,804.9	-817.6
Unlevered Free Cash Flow	-9,802.9	-14,580.8	-13,022.9	-8,441.3	-7,771.9	-2,258.9	-1,921.5	-799.3
Net Change in Cash	6,533	2,796.2	1,514.4	1,282.5	257.5	1,198.4	882.7	241.6