Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

United States
Securities and Exchange Commission

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2024

Commission File Number 001-41419

INTER & Co, INC.
(Exact name of registrant as specified in its charter)

N/A
(Translation of Registrant’s name into English)

Av Barbacena, 1.219, 22nd Floor
Belo Horizonte, State of Minas Gerais, Brazil, ZIP Code 30 190-131
Telephone: [phone]
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒                        Form 40-F ☐

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EXHIBIT INDEX

Exhibit #						Description of Exhibit
99.1						Unaudited interim condensed consolidated statements June 30, 2024

2

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			INTER & Co, INC.
			By:			/s/ Santiago Horacio Stel
						Name:			Santiago Horacio Stel
						Title:			Senior Vice President of Finance and Risks

Date: August 07, 2024

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			Unaudited interim condensed consolidated statements  As of for the six-month period ended June 30, 2024

Contents
Management report									2
Independent Auditor's Report									4
Unaudited interim condensed consolidated balance sheets									5
Unaudited interim condensed consolidated income statements									6
Unaudited interim condensed consolidated statements of comprehensive income									7
Unaudited interim condensed consolidated statements of cash flows									8
Unaudited interim condensed consolidated statements of changes in equity									9
Notes to the Unaudited interim condensed consolidated statements									10
			Note 1			Activity and structure of Inter & Co, Inc. and its subsidiaries			10
			Note 2			Basis for preparation			10
			Note 3			Material changes of accounting policies			11
			Note 4			Material accounting policies			12
			Note 5			Operational segments			14
			Note 6			Financial risk management			17
			Note 7			Fair values of financial instruments			25
			Note 8			Cash and cash equivalents			29
			Note 9			Amounts due from financial institutions, net of provisions for expected loss			29
			Note 10			Securities, net of provisions for expected loss			30
			Note 11			Derivative financial instruments			32
			Note 12			Loans and advances to customers, net of provisions for expected loss			34
			Note 13			Non-current assets held for sale			38
			Note 14			Equity accounted investees			38
			Note 15			Property and equipment			38
			Note 16			Intangible assets			40
			Note 17			Other assets			41
			Note 18			Liabilities with financial and similar institutions			41
			Note 19			Liabilities with customers			41
			Note 20			Securities issued			41
			Note 21			Borrowing and on-lending			42
			Note 22			Tax liabilities			42
			Note 23			Provisions and contingent liabilities			42
			Note 24			Other liabilities			44
			Note 25			Equity			44
			Note 26			Net interest income			46
			Note 27			Income from securities and derivatives			47
			Note 28			Net revenues from services and commissions			47
			Note 29			Other revenues			47
			Note 30			Impairment losses on financial assets			48
			Note 31			Administrative expenses			48
			Note 32			Personnel expenses			48
			Note 33			Tax expenses			48
			Note 34			Current and deferred income tax and social contribution			49
			Note 35			Share-based payment			50
			Note 36			Transactions with related parties			55
			Note 37			Subsequent events			56

1

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			Unaudited interim condensed consolidated statements  As of for the six-month period ended June 30, 2024

Management report

Inter & Co, Inc.

Inter & Co, Inc (the Company and, together with its consolidated subsidiaries, the Group) is a holding company incorporated in the Cayman Islands, with limited liability. Inter&Co is the controlling company of the group Inter and indirectly holds all the shares in Banco Inter.

Inter

Inter provides e-commerce and financial services, these solutions are offered in a single digital ecosystem that includes a complete range of banking services, investments, credit, insurance, and cross-border banking, as well as a marketplace that brings together the largest retailers in Brazil and in the United States.

Operating highlights

Customers

As of June 30, 2024 we surpassed a total of 33.3 million customers. The activation rate reached 55.3%, an increase of 3.1 percentage points when compared to June 30, 2023.

Loan Portfolio

The balance of loan operations reached R$33.0 billion, representing a positive variation of 10.7% compared to December 31, 2023.

Economic and financial highlights

Profit (loss) for the period

As of June 30, 2024 we achieved an accumulated profit of R$417.9 million, representing a significant increase of 372.8% in compared to the previous period ending June 30, 2023.

Revenues

As of June 30, 2024, revenues reached R$2,879.5 million, marking an increase of R$705.4 million compared to the same period in 2023.

Administrative expenses

Accumulated administrative and personnel expenses incurred as of June 30, 2024, totaled R$(1,192.7) million, an increase of R$(100.6) million compared to June 30, 2023.

Equity highlights

Total assets

Total assets reached R$R$66.6 billion as of June 30, 2024, an increase of 10.3% compared to December 31, 2023.

Shareholder’s equity

Shareholder’s equity totaled R$8.6 billion, an increase 13.3% compared to December 31, 2023.

Relationship with the independent auditors

The Company also has a policy with requirements for contractual risk analysis which defines that the Board of Directors must evaluate the transparency, objectivity, governance aspects and the compromising of the independence of the contract, thus ensuring conformity between the parties involved. Additionally, it has an Audit Committee which, among its responsibilities and competencies, in addition to providing opinions and recommendations on the audit service provider, also evaluates the effectiveness of the independent and internal audits, including with regard to the verification of compliance with legal provisions and regulations applicable to Inter, as well as internal policies and codes.

2

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			Unaudited interim condensed consolidated statements  As of for the six-month period ended June 30, 2024

Furthermore, Inter&Co, Inc. confirms that KPMG Auditores Independentes Ltda. has procedures, policies, and controls in place to ensure its independence, which include an evaluation of the work provided, covering any service other than the independent audit of Company's financial information. This evaluation is based on the applicable regulations and accepted principles that preserve the auditor's independence. The acceptance and performance of non-audit professional services on the financial Information by its independent auditors during the period ended as of June 30, 2024 did not affect the independence and objectivity in the conduct of the audit work performed at Inter & Co, Inc. Information related to independent auditors' fees is made available annually in the reference form.

Acknowledgment

We would like to thank our shareholders, customers, and partners for their trust, as well as each of our employees who build our history each day.

Belo Horizonte, August 05, 2024.

The Management

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KPMG Auditores Independentes Ltda
Rua Paraíba, 550 - 12º andar - Bairro Funcionários
30130-141 - Belo Horizonte/MG - Brasil
Caixa Postal 3310 - CEP 30130-970 - Belo Horizonte/MG - Brasil
Telefone [phone]
kpmg.com.br

Report on review of interim financial statements

To the Shareholders, Board of Directors and Management of

Inter & Co, Inc.

Cayman Islands

Introduction

We have reviewed the condensed consolidated interim financial information of Inter & Co. Inc. ("Company"), included in the Interim Financial Information Form for the quarter ended June 30, 2024, which comprise the balance sheet as of June 30, 2024, and the statements of profit or loss, comprehensive income (loss) for the three-month and six-month periods then ended and changes in equity and cash flows for the three-month period then ended, including the explanatory notes.

Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with IAS 34 Interim Financial Reporting, issued by the International Accounting Standards Board – (IASB). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international review standards on interim financial information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of people responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not

express an audit opinion.

Conclusion on the condensed consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the condensed consolidated interim financial information referred to above is not prepared, in all material respects, in accordance with IAS 34, applicable to the preparation of interim financial information.

Belo Horizonte, August 6, 2024

KPMG Auditores Independentes Ltda.

CRC SP 014428/O-6 F-MG

Original report Portuguese signed by

Jonas Moreira Salles

Accountant CRC SP-295315/O-4

KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of KPMG's global organization of independent member firms licensed by KPMG International Limited, a private English company limited by guarantee.						KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

4

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			Unaudited interim condensed consolidated balance sheets As of June 30, 2024 and December 31, 2023 (Amounts in thousands of Brazilian reais, unless otherwise stated)

			Note						06/30/2024						12/31/2023
Assets
Cash and cash equivalents			8						2,797,339						4,259,379
Amounts due from financial institutions, net of provisions for expected loss			9						5,280,322						3,718,506
Deposits at Central Bank of Brazil									3,725,775						2,664,415
Securities, net of provisions for expected loss			10						18,276,426						16,868,112
Derivative financial			11						7,177						4,238
Loans and advances to customers, net of provisions for expected loss			12						30,806,640						27,900,543
Non-current assets held for sale			13						179,954						174,355
Equity accounted investees			14						88,155						90,634
Property and equipment			15						193,647						167,547
Intangible assets			16						1,661,858						1,345,304
Deferred tax assets			34.c						1,218,265						1,033,535
Other assets			17						2,337,903						2,125,229
Total assets									66,573,460						60,351,797
Liabilities
Liabilities with financial and similar institutions			18						10,913,779						9,522,469
Liabilities with customers			19						35,978,318						32,651,620
Securities issued			20						8,543,248						8,095,042
Derivative financial			11						14,039						15,063
Borrowing and on-lending			21						101,630						107,412
Tax liabilities			22						357,818						363,262
Income tax and social contribution									268,690						287,978
Other tax liabilities									89,128						75,284
Provisions			23						45,712						70,452
Deferred tax liabilities			34.c						29,640						32,539
Other liabilities			24						1,981,740						1,897,248
Total liabilities									57,965,924						52,755,107
Equity
Share capital			25.a						13						13
Reserves			25.b.						9,232,290						8,147,285
Other comprehensive income			25.c						(756,625)						(675,488)
Treasury shares			25.h						(13,687)						—
Equity attributable to owners of the Company									8,461,991						7,471,810
Non-controlling interest			25.f						145,545						124,881
Total equity									8,607,536						7,596,691
Total liabilities and equity									66,573,460						60,351,797

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

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			Unaudited interim condensed consolidated income statements For the quarters ended June 30, 2024 and 2023 (Amounts in thousands of Brazilian reais, except for earnings per share)

									Quarter												Semester
			Note						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Interest income			26						1,172,415						1,151,105						2,389,946						2,164,032
Interest expenses			26						(772,643)						(692,206)						(1,534,890)						(1,364,977)
Income from securities and derivatives			27						629,896						343,176						1,145,277						714,582
Net interest income and income from securities and derivatives									1,029,668						802,075						2,000,334						1,513,637
Net revenues from services and commissions			28						397,145						298,524						771,485						580,877
Expenses from services and commissions									(32,942)						(31,723)						(66,964)						(67,401)
Other revenues			29						84,728						81,158						174,685						147,035
Revenues									1,478,599						1,150,034						2,879,540						2,174,148
Impairment losses on financial assets			30						(421,248)						(398,560)						(832,296)						(749,241)
Administrative expenses			31						(402,827)						(347,868)						(798,071)						(733,483)
Personnel expenses			32						(204,207)						(186,249)						(394,670)						(358,661)
Tax expenses			33						(99,418)						(72,463)						(185,749)						(141,334)
Depreciation and amortization									(53,035)						(41,130)						(94,935)						(78,707)
Income from equity interests in associates			14.b						(257)						(23,465)						(2,480)						(26,526)
Profit before income tax									297,607						80,299						571,340						86,196
Income tax			34						(74,943)						(16,127)						(153,455)						2,192
Profit for the year									222,664						64,172						417,885						88,388
Profit attributable to:
Owners of the Company									206,479						48,746						389,272						60,151
Non-controlling interest									16,186						15,426						28,613						28,237
Earnings (loss) per share
Basic earnings (loss) per share			25.e						0.48						0.12						0.90						0.15
Diluted earnings (loss) per share			25.e						0.47						0.12						0.89						0.15

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

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			Unaudited interim condensed consolidated statements of comprehensive income For the quarters ended June 30, 2024 and 2023 (Amounts in thousands of Brazilian reais, unless otherwise stated)

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Profit for the year						222,665						64,172						417,885						88,388
Other comprehensive income
Items that are or may be reclassified subsequently to the income statement:
Change in fair value - financial assets at FVOCI						(188,999)						243,219						(283,808)						275,440
Related tax - financial assets FVOCI						85,051						(109,448)						127,713						(123,948)
Net change in fair value - financial assets at FVOCI						(103,948)						133,771						(156,095)						151,492
Fair value change - investments in operations abroad						(55,412)						14,750						(63,032)						14,750
Tax effect						22,433						(3,682)						28,364						(3,682)
Hedge of net investments in operations abroad						(32,979)						11,068						(34,668)						11,068
Foreign exchange differences on the translation of foreign operations						91,553						(15,241)						109,626						(19,507)
Others						—						—						—						24
Other comprehensive income that may be reclassified subsequently to the income statement						(45,374)						129,598						(81,137)						143,077
Total comprehensive income for the period						177,291						193,770						336,748						231,465
Allocation of comprehensive income
To owners of the company						161,105						178,344						308,135						203,228
To non-controlling interest						16,186						15,426						28,613						28,237

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

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			Unaudited interim condensed consolidated statements of cash flows For the quarters ended June 30, 2024 and 2023 (Amounts in thousands of Brazilian reais, unless otherwise stated)

						06/30/2024						06/30/2023
Operating activities
Profit (loss)						417,885						88,388
Adjustments to profit (loss)
Depreciation and amortization						94,935						78,707
Result of equity interests in associates						2,480						26,526
Impairment losses on financial assets						832,296						749,241
Expenses with provisions						21,454						16,641
Income tax and social contribution						153,455						(2,192)
Provisions/ (reversals) for loss of assets						(60,766)						(17,276)
Adjustments to the fair value of financial instruments						(63,032)						—
Capital gains						(8,789)						(9,087)
Performance income						(40,991)						(56,195)
Revenue foreign exchange						(33,953)						(41,110)
(Increase)/ decrease in:
Compulsory deposits at Central Bank of Brazil						(1,061,360)						1,150,909
Loans and advances to customers						(3,751,435)						(2,893,307)
Amounts due from financial institutions						(1,563,306)						1,702,045
Securities						(256,712)						84,432
Derivative financial						(2,940)						(3,625)
Non-current assets held for sale						(5,600)						(9,923)
Other assets						(235,220)						(63,184)
Increase/ (decrease) in:
Liabilities with financial and similar institutions						1,391,310						117,056
Liabilities with customers						3,326,698						2,656,522
Securities issued						448,206						804,026
Derivative financial						—						(9,772)
Borrowing and on-lending						(5,782)						1,498
Tax liabilities						(40,199)						10,017
Provisions						(46,194)						(8,159)
Other liabilities						213,199						(183,633)
Income tax paid						(170,124)						(60,891)
Net cash from operating activities						(444,485)						4,127,654
Cash flow from investing activities
Capital increase in associate						—						11,564
Acquisition of subsidiaries, net of cash acquired						—						(14,426)
Acquisition of property and equipment						(30,172)						(8,291)
Acquisition of intangible assets						(413,570)						(135,338)
Acquisition of financial assets at FVOCI						(2,519,276)						(11,394,602)
Proceeds from sale of financial assets at FVOCI						1,157,383						9,667,446
Acquisition of financial assets at FVTPL						(40,685)						(617,480)
Proceeds from sale of financial assets at FVTPL						109,816						690,577
Net cash used in investing activities						(1,736,504)						(1,800,550)
Cash flow from financing activities
Capital increase						781,735						—
Dividends and interest on shareholders' equity paid						(74,528)						(16,049)
Repurchase of treasury shares						(18,953)						(16,409)
Resources from non-controlling interest, including capital increase						(2,234)						4,815
Net cash used in from financing activities						686,020						(27,643)
Increase/(Decrease) in cash and cash equivalents						(1,494,969)						2,299,461
Cash and cash equivalents at the beginning of the period						4,259,379						1,331,648
Effect of the exchange rate variation on cash and cash equivalents						33,953						41,110
Cash and cash equivalents at June 30						2,798,363						3,672,219

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

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			Unaudited interim condensed consolidated statements of changes in equity For the quarters ended June 30, 2024 and 2023 (Amounts in thousands of Brazilian reais, unless otherwise stated)

						Share capital						Reserves						Other comprehensive income						Retained earnings / accumulated losses						Treasury shares						Equity attributable to owners of the Company						Non-controlling interest						Total equity
Balance as of January 1, 2023 - Inter&Co, Inc.						13						7,817,670						(825,301)						—						—						6,992,382						96,722						7,089,104
Profit for the period						—						—						—						60,151						—						60,151						28,237						88,388
Proposed allocations:
Constitution/ reversion of reserves						—						60,151						—						(60,151)						—						—						—						—
Interest on equity / dividends						—						—						—						—						—						—						(16,049)						(16,049)
Foreign exchange differences on the translation of foreign operations						—						—						(8,439)						—						—						(8,439)						—						(8,439)
Net change in fair value - financial assets at FVOCI						—						—						151,492						—						—						151,492						—						151,492
Share-based payment transactions						—						17,474						—						—						—						17,474						—						17,474
Reflex reserve						—						7,282						—						—						—						7,282						—						7,282
Repurchase of treasury shares						—						—						—						—						(16,409)						(16,409)						—						(16,409)
Others						—						—						24						—						—						24						4,791						4,815
Balance as of June 30, 2023 - Inter&Co, Inc.						13						7,902,577						(682,224)						—						(16,409)						7,203,957						113,701						7,317,658
Balance as of January 1, 2024 - Inter&Co, Inc.						13						8,147,285						(675,488)						—						—						7,471,810						124,881						7,596,691
Profit for the period						—						—						—						389,272						—						389,272						28,613						417,885
Proposed allocations:
Constitution/ reversion of reserves						—						389,272						—						(389,272)						—						—						—						—
Capital increase						—						820,503						—						—						—						820,503						—						820,503
Cost associated with issuing equity securities						—						(38,768)						—						—						—						(38,768)						—						(38,768)
Interest on equity / dividends						—						(68,813)						—						—						—						(68,813)						(5,715)						(74,528)
Foreign exchange differences on the translation of foreign operations						—						—						109,626						—						—						109,626						—						109,626
Gains and losses - Hedge						—						—						(34,668)						—						—						(34,668)						—						(34,668)
Net change in fair value - financial assets at FVOCI						—						—						(156,095)						—						—						(156,095)						—						(156,095)
Share-based payment transactions						—						(5,266)						—						—						5,266						—						—						—
Reflex reserve						—						(11,923)						—						—						—						(11,923)						—						(11,923)
Repurchase of treasury shares						—						—						—						—						(18,953)						(18,953)						—						(18,953)
Others						—						—						—						—						—						—						(2,234)						(2,234)
Balance as of June 30, 2024 - Inter&Co, Inc.						13						9,232,290						(756,625)						—						(13,687)						8,461,991						145,545						8,607,536

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Notes to the Unaudited interim condensed consolidated financial statement

(Amounts in thousands of Brazilian reais, unless otherwise stated)

1.Activity and structure of Inter & Co, Inc. and its subsidiaries

Inter&Co, Inc. (“Inter&Co”), is a company incorporated in the Cayman Islands with limited liability, as of January 26, 2021.

Inter&Co, Inc. is registered with the U.S. Securities and Exchange Commission (“SEC”). Common shares are traded on Nasdaq under the symbol “INTR” and Brazilian Depositary Receipts (“BDRs”) are traded on B3 - Brasil, Bolsa, Balcão (“B3”), the Brazilian stock exchange, under the symbol “INBR32” .

2.Basis for preparation

a.Compliance statement

The Group's Unaudited interim condensed consolidated financial statements was prepared in accordance with IAS 34 - interim financial reports issued by the International Accounting Standards Board (IASB).

This Unaudited interim condensed consolidated financial statements was prepared following the preparation basis and accounting policies consistent with those adopted in the preparation of the consolidated financial statements of Inter&Co, Inc., as of December 31, 2023, and is therefore intended only to provide an update of the content of the latest financial statements and must be read together, in accordance with IAS 34.

The information in the explanatory notes that did not undergo significant changes or that did not present new disclosures in relation to December 31, 2023 was not fully repeated in this condensed consolidated interim financial statement. However, information has been included to explain the main events and transactions that have occurred, allowing an understanding of the changes in the financial position and performance of the Inter&Co operations since the publication of the consolidated financial statements as of December 31, 2023.

This Unaudited interim condensed consolidated financial statement was authorized for issuance by the Company's Board of Directors on August 05, 2024.

b.Functional and presentation currency

This Unaudited interim condensed consolidated financial statement is presented in Brazilian reais (BRL or R$). The functional currency of the Group companies is shown in note 4a. All balances were rounded to the nearest thousand, unless otherwise indicated.

c.Use of estimates and judgments

In preparing this Unaudited interim condensed consolidated financial statement, management has made judgments, estimates and assumptions that affect the application of the accounting policies of the Group and the reported amounts of assets, liabilities, revenues, and expenses. Actual results may differ from such estimates. Estimates and assumptions are reviewed on an ongoing basis. Adjustments, if any, related to changes in estimates are recognized prospectively. The significant judgments made by management during the application of the Inter&Co accounting policies and the sources of estimation uncertainty are described below:

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Judgments

Information about the judgments made in the application of accounting policies that have the most relevant effects on the amounts recognized in financial projections are included in the following notes:

•Basis for consolidation (see note 4a): whether Inter&Co has de facto control over an investee;

•Equity accounted investees (see note 14): whether Inter&Co has significant influence over an investee.

Estimates

The estimates present a significant risk and may have a material impact on the values of assets and liabilities in the next year, and the actual results may differ from those previously established. They are disclosed below and are related to the following notes:

•Classification of financial assets (see notes 6 and 7) - evaluation of the business model in which the assets are held and evaluation if the contractual terms of the financial asset relate only to payments of principal and interest (SPPI test).

•Measuring the provision for expected credit losses on financial assets measured at amortized cost and fair value through other comprehensive income (FVOCI) requires the use of complex quantitative models and assumptions about future economic conditions and credit behavior. Several significant judgments are also necessary to apply accounting requirements to measure the expected credit loss, such as: determining the criteria for evaluating the significant increase in credit risk; select quantitative models and appropriate assumptions to measure expected credit loss; and establish different prospective scenarios and their weighting, among others.

•Business combination (see note 4b): determination of fair values of assets acquired and liabilities assumed in business combinations.

•Impairment test of intangible assets and goodwill (see notes 16): for the purposes of impairment testing, each invested entity was considered a cash generating unit (“CGU”).

•Deferred tax asset (note 34): the expected realization of the deferred tax asset is based on projected future taxable income and other technical studies.

3.Material changes of accounting policies

New or revised accounting pronouncements adopted in 2024

The following new or revised standards have been issued by IASB, and were effective for the year covered by these Unaudited interim condensed consolidated financial statements, and had no material impact on these condensed consolidated interim financial statements.

•Definition of accounting estimates - Amendments to IAS 8: defines accounting estimates as monetary values susceptible to uncertainties in their measurement. Among these estimates we can mention the expected credit loss and the fair value of assets and liabilities.

•Disclosure of Accounting Policies – Changes to IAS 1 and IFRS Practice Statement 2: The Inter&Co adopted disclosure from January 1, 2023. Although the amendments made to the accounting policies did not result in any changes to the accounting policies themselves, they did have an impact on the disclosure of accounting policy information in the consolidated financial statements. The amendments require 'material' disclosure of policies instead of 'significant' disclosure. Additionally, they provide guidance on the application of materiality to the disclosure of accounting policies, thus assisting entities in providing useful and specific policy information that users require to understand other information in the financial statements. Management made certain updates to the information presented in Note 4, which pertains to Material Accounting Policies (previously referred to as Significant Accounting Policies), in line with the amendments.

11

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

•Deferred tax on leasing transactions – Amendments to IAS 12: clarify that the exemption for accounting for deferred taxes arising from temporary differences generated in the initial recognition of assets or liabilities does not apply to leasing transactions.

•Changes to IFRS 16 - Leases: the IASB has issued narrow-scope changes to the requirements for sale and leaseback transactions in IFRS 16, explaining how an entity accounts for a sale and leaseback after the date of the transaction. Sale and leaseback transactions in which some or all of the lease payments are variable lease payments that are not dependent on an index or rate and are more likely to be impacted.

•Insurance Contracts - IFRS 17: The standard on Insurance Contracts replaces IFRS 4 - Insurance Contracts, and brings important changes to the measurement, recognition and disclosure of these contracts, through specific methodologies for each type of agreement.

•Changes to IAS 7 and IFRS 7 - Supplier financing arrangements: these changes require disclosures to increase the transparency of supplier financing arrangements and their effects on a company's liabilities, cash flows and liquidity risk exposure. The disclosure requirements are the IASB's response to investor concerns that some companies' supplier financing arrangements are not sufficiently visible, making it difficult for investors to review.

Other new standards and interpretations issued but not yet effective

•Classification of Liabilities as Current or Non-Current – Amendments to IAS 1: clarifies when to take into account contractual conditions (covenants) that may impact the unconditional right to postpone the settlement of the liability for a minimum period of 12 months after the closure of the report, in addition to establish disclosure requirements for liabilities with covenants classified as non-current. These changes will come into effect from the start of the 2024 financial year, and there is no impact on the consolidated financial statements.

•Amendment to IAS 21 - Effects of Changes in Exchange Rates and Conversion of Financial Statements: the changes will require the application of a consistent approach when assessing whether one currency can be exchanged for another and the amendment clarifies how entities should determine the exchange rate to be used, and disclosures to be provided, when a currency is difficult, or cannot, be exchanged. The changes aim to improve the information that an entity provides in its financial statements. The changes to IAS 21 are effective from January 1, 2025, and their adoption may be brought forward. Management does not expect impacts on the Group’s financial statements.

•New IFRS 18 - Presentation and Disclosure in Financial Statements: issued in April 2024, replaces IAS 1 and brings additional requirements to improve the disclosure of companies' financial performance. It defines three categories for income and expenses: operating, investments and financing, in addition to including new subtotals, such as operating profit. The standard also provides guidance on the disclosure of performance indicators defined by management and provides specific requirements for companies in the banking and insurance sector. IFRS 18 will come into force on January 1, 2027, and Management is currently analyzing its impacts on the Group’s financial statements.

4.Material accounting policies

The accounting policies described below were applied in all of the years presented in the Unaudited interim condensed consolidated financial statements.

a.Basis for consolidation

Companies under Inter&Co control are classified as controlled. The company is considered the controller of an entity when it is exposed to or has the right to variable returns arising from involvement with that entity, in addition to having the ability to use its power to influence the value of these returns.

12

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

The subsidiaries are consolidated in full as from the date the company gains control of their activities until the date on which control ceases to exist. With regard to the significant restrictions on the Group’s ability to access or use the assets and settle the Group's liabilities, only the regulatory restrictions, linked to the compulsory reserves maintained in compliance with the requirement of the Central Bank of Brazil, which restrict the ability of subsidiaries of Inter&Co to transfer cash to other entities within the economic group. There are no other legal or contractual restrictions and no guarantees or other requirements that may restrict that dividends and other capital distributions are paid or that loans and advances are made or paid to (or by) other entities within the economic group.

The following table shows the subsidiaries in each year:

Entity						Branch of Activity						Common shares and/or quotas						Functional currency						Country						Share in the capital (%)
																														06/30/2024						12/31/2023
Direct subsidiaries
Inter&Co Participações Ltda.						Holding Company						2,348,517,995						BRL						Brazil						100.00		%				100.00		%
INTRGLOBALEU Serviços Administrativos, LDA						Holding Company						1						EUR						Portugal						100.00		%				100.00		%
Inter US Holding, Inc						Holding Company						100						US$						USA						100.00		%				100.00		%
Inter Holding Financeira S.A.						Holding						401,207,704						BRL						Brazil						100.00		%				100.00		%
Indirect subsidiaries
Banco Inter S.A.						Multiple Bank						1,297,308,713						BRL						Brazil						100.00		%				100.00		%
Inter Distribuidora de Títulos e Valores Mobiliários Ltda.						Securities						335,000,000						BRL						Brazil						100.00		%				100.00		%
Inter Digital Corretora e Consultoria de Seguros Ltda.						Insurance broker						59,750						BRL						Brazil						60.00		%				60.00		%
Inter Marketplace Intermediacão de negócios e Serviços Ltda. (a)						Marketplace						1,984,271,386						BRL						Brazil						100.00		%				100.00		%
Inter Titulos Fundo de Investimento						Investment Fund						491,185,000						BRL						Brazil						98.24		%				98.30		%
BMA Inter Fundo De Investimento Em Direitos Creditórios Multissetorial						Investment Fund						139,649,000						BRL						Brazil						73.81		%				86.46		%
TBI Fundo De Investimento Renda Fixa Credito Privado						Investment Fund						230,278,086						BRL						Brazil						100.00		%				100.00		%
TBI Fundo De Investimento Crédito Privado Investimento Exterior						Investment Fund						15,000,000						BRL						Brazil						100.00		%				100.00		%
IG Fundo de Investimento Renda Fixa Crédito Privado						Investment Fund						144,796,772						BRL						Brazil						100.00		%				100.00		%
Inter Simples Fundo de Investimento em Direitos Creditórios Multissetorial						Investment Fund						29,719						BRL						Brazil						91.94		%				99.11		%
IM Designs Desenvolvimento de Software Ltda.						Provision of services						50,000,000						BRL						Brazil						50.00		%				50.00		%
Acerto Cobrança e Informações Cadastrais S.A.						Provision of services						60,000,000,000						BRL						Brazil						60.00		%				60.00		%
Inter & Co Payments, Inc						Provision of services						1,000						US$						USA						100.00		%				100.00		%
Inter Asset Gestão de Recursos Ltda						Asset management						750,814						BRL						Brazil						70.87		%				70.87		%
Inter Café Ltda.						Provision of services						3,010,000						BRL						Brazil						100.00		%				100.00		%
Inter Boutiques Ltda.						Provision of services						6,010,008						BRL						Brazil						100.00		%				100.00		%
Inter Food Ltda.						Provision of services						7,000,000						BRL						Brazil						70.00		%				70.00		%
Inter Viagens e Entretenimento Ltda.						Provision of services						94,515,000						BRL						Brazil						100.00		%				100.00		%
Inter Conectividade Ltda.						Provision of services						33,533,805						BRL						Brazil						100.00		%				100.00		%
Inter US Management, LLC						Provision of services						100,000						US$						USA						100.00		%				100.00		%
Inter US Finance, LLC						Provision of services						100,000						US$						USA						100.00		%				100.00		%
Inter&Co Securities, LLC (b)						Securities						—						US$						USA						100.00		%				100.00		%
Inter&Co Tecnologia e Serviços Financeiros Ltda. (c)						Provision of services						9,896,122,671						BRL						Brazil						60.63		%				—		%
Landbank Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (d)						Investment Fund						301,000,000						BRL						Brazil						100.00		%				—		%

a.On March 27, 2024, the corporate reorganization of Inter Marketplace Intermediação De Negócios e Serviços Ltda. Banco Inter, which was the sole partner of Inter Marketplace Intermediação de Negócios e Serviços Ltda, transferred its shares to Inter&Co Participações Ltda, becoming the direct controller of Inter Marketplace, consequently, an indirect subsidiary of Inter&Co.

b.The reorganization of Inter&Co Securities, LLC ("Securities") was completed on February 22, 2024. Inter&Co, Inc. ("Inter&Co"), which was the sole owner of Securities, transferred Securities' shares to its direct subsidiary, Inter US Holding, Inc. ("US Holding"). With the completion of this reorganization, Securities is now a direct subsidiary of US Holding and, consequently, an indirect subsidiary of Inter&Co.

c.On April 19, 2024, there was a change in the control structure of Inter&Co Tecnologia e Serviços Financeiros Ltda., which became directly controlled by Banco Inter. Previously, Inter&Co Tecnologia e Serviços Financeiros Ltda. was controlled by Inter&Co Payments, Inc.

d.On June 28, 2024, Inter&Co made a significant investment by acquiring a significant number of shares in the Landbank fund. As a result of this acquisition, the financial data relating to these funds began to be included in the consolidation basis of Inter&Co's financial statements.

Minority shareholders' interests

The Inter&Co recognizes the portion of equity relating to non-controlling interests in the consolidated balance sheet. In transactions involving the purchase of interests from non-controlling interests, the difference between the amount paid and the interest acquired is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity. The company holds 50% or more of the voting capital of all indirect subsidiaries.

13

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Balances and transactions eliminated on consolidation

Intra-group balances and transactions, including any unrealized gains or losses arising from intra-group transactions, are eliminated in the consolidation process. Unrealized losses are eliminated only to the extent that there is no evidence of impairment.

5.Operational segments

Operating segments are disclosed based on internal information that is used by the chief operating decision maker to allocate resources and to assess performance. The chief operating decision-maker, responsible for allocating resources, evaluating the performance of the operating segments and responsible for making strategic decisions for the Inter&Co, is the CEO, together with the Board of Directors.

Profit by operating segment

Each operating segment is composed of one or more legal entities. The measurement of profit by operating segment takes into account all revenues and expenses recognized by the companies that make up each segment.

Transactions between segments are carried out under terms and rates compatible with those practiced with third parties, where applicable. The Inter&Co does not have any single customer accounting for more than 10% of its total net revenue.

a.Banking & Spending

This segment comprises a wide range of banking products and services, such as checking accounts, debit and credit cards, deposits, loans, advances to customers, debt collection services and other services, which are available to the customers primarily by means of Inter&Co’s mobile application. The segment also comprises foreign exchange services and money remittances between countries, including the Global Account digital solution, including investment funds consolidated by the Group.

b.Investments

This segment is responsible for operations related to the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market and operations related to the management of fund portfolios and other assets (purchase, sale, risk management). Revenues consist primarily of administration fees and commissions charged to investors for the rendering of such services.

c.Insurance Brokerage

This segment offers insurance products underwritten by insurance companies with which Inter has an agreement (‘partner insurance companies’), including warranties, life, property and automobile insurance and pension products, as well as consortium products provided by a third party with whom Inter has a commercial agreement. The income from brokerage commissions is recognized in the income statement when services are provided, that is, when the performance obligation is fulfilled upon sale to the customer.

d.Inter Shop

This segment includes sales of goods and/or services with partner companies through our digital platform. The segment income is primarily comprised of commissions received for sales and/or for the rendering of these services.

14

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Segment information

			As of and for June 30, 2024
			Banking & Spending						Investments						Insurance Brokerage						Inter Shop						Total of reportable segments						Others						Eliminations						Consolidated
Interest income			2,336,507						5,969						—						32,121						2,374,597						22,777						(7,428)						2,389,946
Interest expenses			(1,566,138)						(5,547)						—						—						(1,571,685)						(3,682)						40,477						(1,534,890)
Income from securities and derivatives			1,091,668						41,328						1,912						17,580						1,152,488						25,838						(33,049)						1,145,277
Net interest income and income from securities and derivatives			1,862,037						41,750						1,912						49,701						1,955,400						44,933						—						2,000,334
Net revenues from services and commissions			555,812						62,464						83,104						67,434						768,814						2,671						—						771,485
Expenses from services and commissions			(66,788)						(171)						—						(1)						(66,960)						(4)						—						(66,964)
Other revenues			178,460						10,571						25,422						11,852						226,305						70,436						(122,056)						174,685
Revenues			2,529,521						114,614						110,438						128,986						2,883,559						118,036						(122,056)						2,879,540
Impairment losses on financial assets			(831,859)						—						—						—						(831,859)						(437)												(832,296)
Administrative expenses			(696,980)						(33,345)						(31,544)						(29,306)						(791,175)						(6,896)						—						(798,071)
Personnel expenses			(298,154)						(39,769)						(10,659)						(21,333)						(369,915)						(24,755)						—						(394,670)
Tax expenses			(136,808)						(7,810)						(9,224)						(22,957)						(176,799)						(8,950)						—						(185,749)
Depreciation and amortization			(86,109)						(3,203)						(733)						(4,748)						(94,793)						(142)						—						(94,935)
Income from equity interests in associates			(2,480)						—						—						—						(2,480)						—						—						(2,480)
Profit before income tax			477,131						30,487						58,278						50,642						616,538						76,856						(122,056)						571,340
Income tax			(92,874)						(10,229)						(17,902)						(35,259)						(156,264)						2,808						—						(153,455)
Profit for the year			384,257						20,258						40,376						15,383						460,274						79,664						(122,056)						417,885
Total assets			65,697,258						864,729						291,729						597,924						67,451,640						1,403,169						(2,295,271)						66,559,538
Total liabilities			58,008,431						466,359						151,136						585,530						59,211,456						407,621						(1,666,961)						57,952,116
Total equity			7,688,827						398,370						140,593						12,394						8,240,184						995,548						(628,310)						8,607,422

15

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

			As of and for June 30, 2023
			Banking & Spending						Investments						Insurance Brokerage						Inter Shop						Total of reportable segments						Others						Eliminations						Consolidated
Interest income			2,153,260						11,704						—						15,438						2,180,402						1,041						(17,411)						2,164,032
Interest expenses			(1,371,466)						(9,244)						—						—						(1,380,710)						(5,277)						21,010						(1,364,977)
Income from securities and derivatives			752,809						21,427						1,029						10,131						785,396						338						(71,152)						714,582
Net interest income and income from securities and derivatives			1,534,603						23,887						1,029						25,569						1,585,088						(3,898)						(67,553)						1,513,637
Net revenues from services and commissions			398,480						44,372						53,068						81,700						577,620						3,257						—						580,877
Expenses from services and commissions			(67,293)						(92)						—						(1)						(67,386)						(15)						—						(67,401)
Other revenues			216,549						8,011						24,989						13,821						263,370						403						(116,738)						147,035
Revenues			2,082,339						76,178						79,086						121,089						2,358,692						(253)						(184,291)						2,174,148
Impairment losses on financial assets			(743,544)						317						—						(6,013)						(749,240)						(1)						—						(749,241)
Administrative expenses			(644,959)						(34,542)						(20,082)						(28,014)						(727,597)						(5,886)						—						(733,483)
Personnel expenses			(301,226)						(28,469)						(7,799)						(16,504)						(353,998)						(4,663)						—						(358,661)
Tax expenses			(112,224)						(5,210)						(7,415)						(16,157)						(141,006)						(328)						—						(141,334)
Depreciation and amortization			(72,088)						(1,709)						(436)						(4,380)						(78,613)						(94)						—						(78,707)
Income from equity interests in associates			(26,526)						—						—						—						(26,526)						—						—						(26,526)
Profit / (loss) before income tax			181,772						6,565						43,354						50,021						281,712						(11,225)						(184,291)						86,196
Income tax			32,574						2,990						(14,728)						(20,332)						504						1,688						—						2,192
Profit / (loss) for the year			214,346						9,555						28,626						29,689						282,216						(9,537)						(184,291)						88,388
Total assets			60,102,556						570,182						211,213						337,810						61,221,761						96,447						(966,411)						60,351,797
Total liabilities			52,501,608						326,926						96,198						141,600						53,066,332						(19,167)						(292,059)						52,755,106
Total equity			7,600,948						243,256						115,015						196,210						8,155,429						115,614						(674,352)						7,596,691

16

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

6.Financial risk management

Risk management at Inter&Co includes credit, market, liquidity and operational risks. Risk management activities are carried out by independent and specialized structures, in accordance with previously defined policies and strategies. In general, the activities and processes seek to identify, measure, and control the financial and non-financial risks to which Inter is subject.

The model adopted by Inter&Co, Inc., involves a structure of areas and committees that seek to ensure:

•Segregation of function;

•Specific unit for risk management;

•Defined management process;

•Clear norms and competence structure;

•Defined limits and margins; and

•Reference to best management practices.

a.Credit risk

Credit risk is defined as the possibility of losses associated with the failure of the borrower or counterparty to meet their respective financial obligations in the agreed-upon terms or the devaluation of a credit agreement arising from the increased risk of default by the borrower, among others.

The financial instruments subject to credit risk are submitted to careful credit evaluation prior to contracting, as well as throughout the term of the respective operations. The credit analyses are based on the borrower's (or counterparty's) economic and financial capacity behavior, including payment history and credit reputation, in addition to the terms and conditions of the respective credit operation, including terms, rates and guarantees.

Loans and advances to customers, as shown in Note 12, are mainly represented by the following operations:

•Credit card: credit operations related to credit card limits, mostly without attached guarantees;

•Business loans: working capital operations, receivables, discounts and loans in general, with or without attached guarantees;

•Real estate loans: loans and financing operations secured by real estate, with attached guarantees;

•Personal loans: loan and payroll card operations, personal loans with and without transfer guarantees; and

•Agribusiness loans: financing operations for costing, investment, commercialization and/or industrialization granted to rural producers, with or without attached guarantees.

Mitigation of Exposure

In order to maintain the exposures within the risk levels established by senior management, Inter adopts measures to mitigate credit risk. Exposure to credit risk is mitigated through the structuring of guarantees, adapting the risk level to be incurred to the characteristics of the collateral taken at the time of granting. Risk indicators are monitored on an on-going basis and proposal for alternatives forms of mitigation are assessed, whenever the exposure behavior to credit risk of any unit, region, product or segment requires it. Additionally, credit risk mitigation takes place through product repositioning and adjusting operational processes or operation approval levels.

17

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

In addition to the activities described above, goods pledged in guarantee are subject to a technical assessment / valuation at least once every twelve months. In the case of personal guarantees, an analysis of the financial and economic circumstances of the guarantor is made considering their other debts with third parties, including tax, social security and labor debt.

Credit standards guide operational units and cover, among other aspects, the classification, requirement, selection, assessment, formalization, control and reinforcement of guarantees, aiming to ensure the adequacy and sufficiency of mitigating instruments throughout the cycle of the loan.

In 2024 there were no material changes to the nature of the credit risk exposures, how they arise or the Group’s objectives, policies and processes for managing them, although Inter continues to refine its internal risk management processes.

Measurement

The measurement of credit risk by Inter&Co is carried out considering the following:

•At the time that credit is granted, an assessment of a customer’s financial condition is undertaken through the application of qualitative and quantitative methods and using information collected from the market, in order to support the adequacy of the risk exposure being proposed;

•The assessment is carried out at the counterparty level, considering information on guarantors where applicable. The exposure to the credit risk is also measured in extreme scenarios, using stress techniques and scenario analysis. The models applied to determine the rating of customers and loans are reviewed periodically in order to ensure they reflect the macroeconomic scenario and actual loss experience, as per information in note 12;

•The aging of late payments in portfolios is monitored in order to identify trends or changes in the behavior of non-performing loans and allow the adoption of mitigating measures when required;

•Expected credit loss reflects the risk level of loans and allows monitoring and control of the portfolio’s exposure level and the adoption of risk mitigation measures;

•The expected credit loss is a forecast of the risk levels of the credit portfolio. Its calculation is based on the historical payment behavior and the distribution of the portfolio by product and risk level. This is a key input to the process of pricing loans and advances to customers; and

•In addition to the monitoring and measurement of indicators under normal conditions, simulations of changes in business environment and economic scenario are also performed in order to predict the impact of such changes in levels of exposure to risks, provisions and balance of such portfolios and to support the process of reviewing the exposure limits and the credit risk policy.

b.Description of guarantees

The financial instruments subject to credit risk are subject to careful assessment of credit prior to being contracted and disbursed and risk assessment is ongoing throughout the term of the instruments. Credit assessments are based on an understanding of the customers’ operational characteristics, their indebtedness capacity, considering cash flow, payment history and credit reputation, and any guarantees given.

Loans and advances to customers, as shown in Note 10, are mainly represented by the following operations:

•Working capital operations: are guaranteed by receivables, promissory notes, sureties provided by their owners and occasionally by property or other tangible assets, when applicable;

18

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

•Payroll loans repayments: are mainly represented by payroll loan cards and personal loans. These are deducted directly from the borrowers’ pensions, income or salaries and settled directly by the entity responsible for making those payments (e.g. company or government body); The operations concerning FGTS (Guarantee Fund for Time of Service) , such as the anniversary withdrawal are guaranteed through transfer;

•Personal loans and credit cards: generally, do not have guarantees; and

•Real estate financing: is collateralized by the real estate financed.

Guarantees of real estate loans and financing

The tables below present the amount of loans and financing secured by property, broken down by loan-to-value. The loan-to-value is calculated by the ratio between the gross value of the exposure and the value of the guarantee at the origination date. Gross amounts exclude any provision for impairment:

			06/30/2024						12/31/2023
Lower than 30%			1,190,236						1,210,884
31 - 50%			2,431,674						2,157,130
51 - 70%			3,838,080						3,227,703
71 - 90%			1,939,158						1,664,885
Higher than 90%			304,620						322,966
			9,703,768						8,583,568

c.Liquidity risk

Liquidity risk is the possibility that the Inter&Co will not be able to efficiently meet its expected or unexpected financial obligations, including those arising from guarantees provided or even unexpected redemptions from customers. Therefore, liquidity risk also includes the possibility that Inter will not be able to negotiate the sale of assets at market prices due to their volume in relation to the volume normally traded or due to some discontinuity in the market.

The liquidity risk management structure is segregated and acts proactively with the objective of monitoring and preventing any violation of the liquidity ratio limits. Liquidity risk monitoring covers the entire flow of receipts and payments of the Inter&Co so that risk mitigation actions can be implemented. This monitoring is carried out primarily by the Assets and Liabilities Committee and the Risk and Capital Management Committee. These committees assess the liquidity risk information that is available in the Inter&Co's systems, such as:

•Top 10 investors;

•Mismatch between assets and liabilities;

•Net Funding; Liquidity limits; Maturity forecast;

•Stress tests based on internally defined scenarios;

•Liquidity contingency plans;

•Monitoring of asset and liability concentrations;

•Monitoring of Liquidity Ratio and funding renewal rates; and

•Reports with information on positions held by Inter and its subsidiaries.

In 2024 there were no material changes to the nature of the liquidity risk exposures, how they arise or the Group’s objectives, policies and processes for managing them, although the Group continues to refine its internal risk management processes.

19

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

The responsibilities of the Liquidity Risk Management Framework are distributed between different committees and hierarchical levels, including: Board of Directors, Asset and Liability Committee (ALC), Officer in charge of Risk Management, Superintendent of Compliance, Risk Management and Internal Controls and Risk Coordination. These consider the internal and external factors affecting the liquidity of the Group, and a detailed daily monitoring of incoming and outgoing movements of loans and advances to customers, time deposits, savings, Agribusiness Credit Bills (LCA), Real Estate Secured Bonds (LCI), Guaranteed Real Estate Letters (LIG) and demand deposits is performed. Time deposits are analyzed according to the concentration, maturities, renewals, repurchases and new funding.

d.Analyses of financial instruments by remaining contractual term

The table below presents the projected future realizable value of Inter&Co’s financial assets and liabilities by contractual term:

			06/30/2024
			Note						Up to 3 months						3 months Up to 1 year						Above 1 year						Total
Financial assets
Cash and cash equivalents			8						2,797,339						—						—						2,797,339
Amounts due from financial institutions			9						5,280,322						—						—						5,280,322
Compulsory deposits at Central Bank of Brazil									3,725,775						—						—						3,725,775
Securities			10						953,421						442,637						16,880,368						18,276,426
Derivative financial			11						7,177						—						—						7,177
Loans and advances to customers			12.e						8,135,321						9,536,840						15,299,391						32,971,552
Other assets			17						—						—						78,478						78,478
Total									20,899,355						9,979,477						32,258,237						63,137,069
Financial liabilities
Liabilities with financial and similar institutions			18						9,232,637						1,681,142						—						10,913,779
Liabilities with customers			19						18,591,273						3,102,886						14,284,159						35,978,318
Securities issued			20						930,298						5,014,480						2,598,470						8,543,248
Derivative financial			11						5,684						3,879						4,476						14,039
Borrowing and on-lending			21						5,543						77,151						18,936						101,630
Total									28,765,435						9,879,538						16,906,041						55,551,014

20

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

			12/31/2023
			Note						Up to 3 months						3 months Up to 1 year						Above 1 year						Total
Financial assets
Cash and cash equivalents			8						4,259,379						—						—						4,259,379
Amounts due from financial institutions			9						3,718,506						—						—						3,718,506
Compulsory deposits at Central Bank of Brazil									2,664,415						—						—						2,664,415
Securities			10						412,674						290,149						16,165,289						16,868,112
Derivative financial			11						4,238						—						—						4,238
Loans and advances to customers			12.e						7,509,850						8,366,848						13,907,603						29,784,301
Other assets			17						—						—						109,682						109,682
Total									18,569,062						8,656,997						30,182,574						57,408,633
Financial liabilities
Liabilities with financial and similar institutions			18						7,913,830						1,608,639						—						9,522,469
Liabilities with customers			19						16,873,560						2,335,763						13,442,297						32,651,620
Securities issued			20						970,976						4,068,815						3,055,251						8,095,042
Derivative financial			11						295						9,686						5,082						15,063
Borrowing and on-lending			21						5,283						81,839						20,290						107,412
Total									25,763,944						8,104,742						16,522,920						50,391,606

e.Financial assets and liabilities using a current/non-current classification

The table below represents Inter&Co’s current financial assets (realized within 12 months of the reporting date), non-current financial assets (realized more than 12 months after the reporting date) and current financial liabilities (it is due to be settled within 12 months of the reporting date) and non-current financial liabilities (is due to be settled more than 12 months after the reporting date):

						06/30/2024
			Note			Current						Non-current						Total
Assets
Cash and cash equivalents			8			2,797,339						—						2,797,339
Amounts due from financial institutions			9			5,280,322						—						5,280,322
Compulsory deposits at Central Bank of Brazil						3,725,775						—						3,725,775
Securities			10			1,396,058						16,880,368						18,276,426
Derivative financial			11			7,177						—						7,177
Loans and advances to customers, net of provisions for expected loss			12			15,685,655						15,120,985						30,806,640
Other assets			17			—						78,478						78,478
Total						28,892,326						32,079,831						60,972,157
Liabilities
Liabilities with financial and similar institutions			18			10,913,779						—						10,913,779
Liabilities with customers			19			21,694,159						14,284,159						35,978,318
Securities issued			20			5,944,778						2,598,470						8,543,248
Derivative financial			11			9,563						4,476						14,039
Borrowing and on-lending			21			82,694						18,936						101,630
Total						38,644,973						16,906,041						55,551,014

21

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

						12/31/2023
			Note			Current						Non-current						Total
Assets
Cash and cash equivalents			8			4,259,379						—						4,259,379
Amounts due from financial institutions			9			3,718,506						—						3,718,506
Compulsory deposits at Central Bank of Brazil						2,664,415						—						2,664,415
Securities			10			702,823						16,165,289						16,868,112
Derivative financial			11			4,238						—						4,238
Loans and advances to customers, net of provisions for expected loss			12			14,117,647						13,751,812						27,869,459
Other assets			17			—						109,682						109,682
Total						25,467,008						30,026,783						55,493,791
Liabilities
Liabilities with financial and similar institutions			18			9,522,469						—						9,522,469
Liabilities with customers			19			19,209,323						13,442,297						32,651,620
Securities issued			20			5,039,791						3,055,251						8,095,042
Derivative financial			11			9,981						5,082						15,063
Borrowing and on-lending			21			87,122						20,290						107,412
Total						33,868,686						16,522,920						50,391,606

f.Market risk

Market risk is the possibility of losses resulting from fluctuations in the fair value of financial instruments held by the Institution and its subsidiaries, including the risks of transactions subject to changes in foreign exchange rates, interest rates, stock prices and commodity prices.

At Inter&Co, market risk management has, among others, the objective of supporting the business areas, establishing processes and implementing tools necessary for the assessment and control of related risks, allowing the measurement and monitoring of risk levels, as defined by Senior Management.

The market risk policy is monitored by the Asset and Liability Committee. Market risk controls allow the analytical assessment of information and are in a constant process of improvements. The Institution and its subsidiaries have improved the internal aspects of risk management and mitigation.

Measurement

Within the risk management process, Inter&Co classifies its operations, including derivative financial instruments, as follows:

•Trading book: considers all operations intended to be traded before their contractual maturity or intended to hedge the trading portfolio and which are not subject to limitations on their negotiability.

•Banking book: considers operations not classified in the trading portfolio, the main characteristic of which is the intention to hold the respective operations until maturity

In line with market practices, Inter&Co manages its risks dynamically, seeking to identify, measure, evaluate, monitor, report, control and mitigate the exposures to market risks of its own positions. One of the methods of assessing the positions subject to market risk is the Value at Risk (VaR) model. The methodology used to calculate the VaR is the parametric model with a confidence level (CL) of 99% and a time horizon (TH) of twenty one days.

22

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

We present the trading book 21-day VaR below:

R$ thousand
Risk factor						06/30/2024						12/31/2023
Price index coupons						7,582						2,730
Pre fixed interest rate						1,173						1,074
Foreign currency coupons						6						665
Foreign currencies						11,588						2,346
Subtotal						20,349						6,815
Diversification effects (correlation)						6,588						3,794
Value-at-Risk						13,761						3,021

We present the trading book VaR below:

R$ thousand
Risk factor						06/30/2024						12/31/2023
Price index coupons						660,151						425,156
Interest rate coupons						36,197						108,716
Pre fixed interest rate						47,343						49,019
Foreign currency coupon						54,531						—
Others						848						22,538
Subtotal						799,070						605,429
Diversification effects (correlation)						112,470						164,555
Value-at-Risk						686,600						440,874

g.Sensitivity analysis

To determine the sensitivity of the positions to market movements, a sensitivity analysis was carried out in different scenarios, considering the relevant risk factors in the period analyzed, and using scenarios that would negatively affect our positions, as follows:

•Scenario I: based on market information, shocks were applied and 1 basis point for interest rates and 1% variation for prices (foreign currencies and shares);

•Scenario II: shocks of 25% variation in market curves and prices were determined;

•Scenario III: shocks of 50% variation in market curves and prices were determined.

It should be noted that the impacts reflect a static view of the portfolio and that the dynamism of the market and the composition of the portfolio means that these positions change continuously and do not necessarily reflect the position demonstrated here. The group has a process of continuous monitoring of market risk and, in the event of position/portfolio deterioration, mitigating actions are taken to minimize possible negative effects.

Exposures - R$ thousand

Banking and Trading book

Scenarios

06/30/2024

Risk factor

Rate variation in scenario 1

Scenario I

Rate variation in scenario 2

Scenario II

Rate variation in scenario 3

Scenario III

IPCA coupon

increase

(4,423)

increase

(639,331)

increase

(1,173,762)

IGP-M coupon

increase

(17)

increase

(2,281)

increase

(4,380)

Pre-fixed rate

increase

(1,826)

increase

(513,647)

increase

(963,204)

TR coupon

increase

(519)

increase

(120,734)

increase

(211,023)

USD coupon

decrease

(14)

decrease

(887)

increase

(1,788)

23

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Exposures - R$ thousand

Banking and Trading book

Scenarios

12/31/2023

Risk factor

Rate variation in scenario 1

Scenario I

Rate variation in scenario 2

Scenario II

Rate variation in scenario 3

Scenario III

IPCA coupon

increase

(4,737)

increase

(561,583)

increase

(1,046,456)

IGP-M coupon

increase

(16)

—

—

increase

(549)

Pre-fixed rate

increase

(1,533)

increase

(367,626)

increase

(707,232)

TR coupon

increase

(800)

increase

(163,354)

increase

(289,028)

USD coupon

decrease

(5)

decrease

(718)

decrease

(1,447)

h.Operational risk

Policy

Operational Risk Management aims to identify, evaluate and monitor risks, being defined as the risk of losses resulting from inadequate or failed internal processes, people and systems or external events. This definition includes legal risk, but excludes strategic and reputational risk.

The operational risk events can be classified:

•Internal fraud;

•External fraud;

•Employment practices and workplace safety;

•Clients, products and business practices;

•Damage of physical assets;

•Business disruption and system failures, execution; and

•Delivery and process management.

We adopt the three lines of defense model, the structure and activities of the three lines often varies, depending on the bank’s portfolio of products, activities, processes and systems; the bank’s size; and its risk management approach. A strong risk culture and good communication among the three lines of defense are important characteristics of good operational risk governance.

Phases of the Management Process

Qualitative Evaluation

The qualitative assessment uses a scale which considers measures for probability and impact, taking into account the vulnerabilities and threats that, combined, determine the level of risk exposure to each event. Identification and verification is performed by in-person monitoring, interviews and workshops with the managers and employees from all operational areas, business partners and business units.

The identified risks are categorized and organized by risk factors.

Quantitative Evaluation

In the quantitative assessment of operational risk, the Group maintains an internal database fed by various sources of information. This contains descriptions and details of operational losses. In the quantitative assessment, information from external sources deemed reliable and relevant to the businesses of the Group may also be used.

Monitoring

An effective risk management process requires a communication and review structure that ensures the correct, effective and timely identification and assessment of the risks. In addition, it also seeks to assure that controls and responses to these risks are implemented.

24

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Control tests and regular audits intended to verify compliance with applicable policies and standards are performed. The monitoring and review process seeks to verify whether:

•The adopted measures have achieved the intended results;

•The procedures adopted and the information gathered to perform the assessment were appropriate;

•Higher levels of knowledge may have contributed to make better decisions; and

•There is an effective possibility of obtaining information for future assessments.

7.Fair values of financial instruments

a.Financial instruments – Classification and fair values

Financial Instruments are classified into the following categories:

•Amortized cost;

•Fair value through other comprehensive income (FVOCI); and

•Fair value through profit or loss (FVTPL).

The fair value of a financial asset or liability is measured using one of three approaches below, weighting the levels of the fair value hierarchy as follows:

•Level I – instruments with prices traded in the active market;

•Level II – using financial valuation techniques, weighing data and market variables; and

•Level III – uses meaningful variables that are not based on market data.

The following table sets forth the breakdown of financial assets and liabilities according to the accounting classification. It also shows the carrying amounts and fair values of financial assets and liabilities, including their levels in the fair value hierarchy. It does not include information on the fair value of financial assets and liabilities, when the carrying amount is a reasonable approximation of the fair value.

25

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

As of June 30, 2024
Financial assets			Level 1						Level 2						Level 3 (*)						Fair value						Carrying amount
Amortized cost			—						—						78,478						78,478						43,776,913
Loans and advances to customers, net of provisions for expected loss			—						—						—						—						30,806,640
Amounts due from financial institutions			—						—						—						—						5,280,322
Deposits at Central Bank of Brazil			—						—						—						—						3,725,775
Cash and cash equivalents			—						—						—						—						2,797,339
Brazilian government securities			—						—						—						—						678,010
Rural product bill			—						—						—						—						410,349
Other assets															78,478						78,478						78,478
Fair value through profit or loss			628,720						941,128						—						1,569,848						1,569,848
Brazilian government securities			504,257						28,901						—						533,158						533,158
Investment funds quotas			124,463						318,935						—						443,398						443,398
Securities issued by financial institutions			—						330,291						—						330,291						330,291
Bonds and shares issued by non-financial companies			—						263,001						—						263,001						263,001
Derivative financial			—						7,177						—						7,177						7,177
Derivative financial			—						7,177						—						7,177						7,177
Fair value through other comprehensive income			15,107,830						486,085						—						15,593,915						15,593,915
Brazilian government securities			15,107,830						—						—						15,107,830						15,107,830
Securities issued by financial institutions			—						415,935						—						415,935						415,935
Securities issued abroad			—						183,495						—						183,495						183,495
Bonds and shares issued by non-financial companies			—						70,150						—						70,150						70,150
Total			15,736,550						1,434,390						78,478						17,249,418						60,947,853
Financial liabilities			Level 1						Level 2						Level 3 (*)						Fair value						Carrying amount
Amortized cost			—						—						—						—						55,536,975
Liabilities with customers			—						—						—						—						35,978,318
Liabilities with financial and similar institutions			—						—						—						—						10,913,779
Securities issued			—						—						—						—						8,543,248
Borrowing and on-lending			—						—						—						—						101,630
Derivative financial			—						14,039						—						14,039						14,039
Derivative financial			—						14,039						—						14,039						14,039
Total			—						14,039						—						14,039						55,551,014

26

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

(*)    The financial assets classified as “Level 3” consists substantially of amounts relating to the variable portion of the sale of 40% of the subsidiary Inter Digital Corretora e Consultoria de Seguros Ltda. (“Inter Seguros”) to Wiz Soluções e Corretagem de Seguros S.A. (“Wiz”) on May 8, 2019. The purchase and sale contract included cash consideration of R$45,000 and contingent consideration will be based on the results of Inter Seguros’ EBITDA in 2021, 2022, 2023 and 2024.

27

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

As of December 31, 2023
Financial assets			Level 1						Level 2						Level 3 (*)						Fair value						Carrying amount
Amortized cost			—						—						109,682						109,682						39,810,016
Loans and advances to customers, net of provisions for expected loss			—						—						—						—						27,900,543
Cash and cash equivalents			—						—						—						—						4,259,379
Amounts due from financial institutions			—						—						—						—						3,718,506
Deposits at Central Bank of Brazil			—						—						—						—						2,664,415
Brazilian government securities			—						—						—						—						665,413
Rural product bill			—						—						—						—						459,298
Other assets			—						—						109,682						109,682						109,682
Debentures			—						—						—						—						32,780
Fair value through profit or loss			451,946						1,026,654						—						1,478,600						1,478,600
Bonds and shares issued by non-financial companies			60						629,237						—						629,297						629,297
Securities issued by financial institutions			447,912						—						—						447,912						447,912
Investment funds quotas			3,974						354,358						—						358,332						358,332
Brazilian government securities			—						43,059						—						43,059						43,059
Derivative financial			—						4,238						—						4,238						4,238
Derivative financial			—						4,238						—						4,238						4,238
Fair value through other comprehensive income			13,560,072						671,949						—						14,232,021						14,232,021
Brazilian government securities			13,560,072						—						—						13,560,072						13,560,072
Bonds and shares issued by non-financial companies			—						671,949						—						671,949						671,949
Total			14,012,018						1,702,841						109,682						15,824,541						55,524,875
Financial liabilities			Level 1						Level 2						Level 3 (*)						Fair value						Carrying amount
Amortized cost			—						—						—						—						50,376,543
Liabilities with customers			—						—						—						—						32,651,620
Liabilities with financial and similar institutions			—						—						—						—						9,522,469
Securities issued			—						—						—						—						8,095,042
Borrowing and on-lending			—						—						—						—						107,412
Derivative financial			—						15,063						—						15,063						15,063
Derivative financial			—						15,063						—						15,063						15,063
Total			—						15,063						—						15,063						50,391,606

(*)    The financial assets classified as “Level 3” consists substantially of amounts relating to the variable portion of the sale of 40% of the subsidiary Inter Digital Corretora e Consultoria de Seguros Ltda. (“Inter Seguros”) to Wiz Soluções e Corretagem de Seguros S.A. (“Wiz”) on May 8, 2019. The purchase and sale contract included cash consideration of R$45,000 and contingent consideration will be based on the results of Inter Seguros’ EBITDA in 2021, 2022, 2023 and 2024.

28

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

The methodology used for the measurement of financial assets and liabilities classified as “Level 2” (derivative financial instruments and securities) is the discounted present value technique, using the market rates disclosed by ANBIMA - “Brazilian Association of Financial and Capital Market Entities”, IBGE – “Brazilian Institute of Geography and Statistics” and B3.

Reconciliation of Level 3 fair value

The following table shows a reconciliation of the opening balances to the closing balances investments categorized as Level 3:

						Other assets
Financial assets at fair value through profit or loss
Balance at January 1, 2024						109,682
Total gains or losses (realized / unrealized)						(31,204)
Balance at June 30, 2024						78,478

During the period ended June 30, 2024, there were no change in the measurement method of financial assets and liabilities that entailed reclassification of financial assets and liabilities among the different levels of the fair value hierarchy.

8.Cash and cash equivalents

						06/30/2024						12/31/2023
Cash and cash equivalents in foreign currency						548,659						225,308
Cash and cash equivalents in national currency						309,839						941,584
Reverse repurchase agreements (a)						1,938,841						3,092,487
Total						2,797,339						4,259,379

(a)    Refers to operations (substantially interbank deposit investments) whose maturity, on the investment date, was equal to or less than 90 days and present an insignificant risk of change in fair value.

9.Amounts due from financial institutions, net of provisions for expected loss

						06/30/2024						12/31/2023
Interbank deposit investments						2,402,911						2,451,736
Interbank on-lending						177,334						31,487
Loans to financial institutions (a)						2,702,819						1,236,536
Expected loss						(2,742)						(1,253)
Total						5,280,322						3,718,506

(a)    Refers substantially to the anticipation of receivables.

29

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

10.Securities, net of provisions for expected loss

a.Composition of securities net of expected losses:

						06/30/2024						12/31/2023
Fair value through other comprehensive income - FVOCI
Financial treasury bills (LFT)						10,379,679						9,212,930
National treasury notes (NTN)						3,749,079						3,931,671
National treasury bills (LTN)						979,072						415,471
Commercial promissory notes						297,549						214,157
Securities issued abroad						183,495						—
Debentures						70,150						330,705
Certificates of agricultural receivables						66,190						22,817
Certificates of real estate receivables						52,196						104,270
Subtotal						15,777,410						14,232,021
Amortized cost
National treasury notes (NTN)						678,010						665,413
Rural product bill						410,349						459,298
Debentures						—						32,780
Subtotal						1,088,359						1,157,491
Fair value through profit or loss - FVTPL
Investment fund quotas						467,702						358,332
Financial treasury bills (LFT)						220,188						420,336
Certificates of real estate receivables						219,963						182,319
Debentures						214,798						281,566
National Treasury Financial Bills (LTN)						108,782						73,808
Certificates of agricultural receivables						79,838						64,371
Bank deposit certificates						48,203						55,597
National treasury notes (NTN)						20,693						27,576
Agribusiness credit bills (LCA)						19,479						10,684
Real estate credit bills (LCI)						10,401						1,352
Commercial promissory notes						610						2,659
Subtotal						1,410,657						1,478,600
Total						18,276,426						16,868,112

As of June 30, 2024, the expected loss value of securities was R$ (15,411),(December 31, 2023: R$(33,701))

30

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

b.Breakdown of the carrying amount of securities by maturity, net of losses

			06/30/2024
			Up to 3 months						3 months to 1 year						1 year to 3 years						From 3 to 5 years						Above 5 years						Book value
Fair value through other comprehensive income - FVOCI			203,928						191,910						1,640,993						5,811,711						7,928,868						15,777,410
Financial treasury bills (LFT)			—						—						423,025						4,676,943						5,279,711						10,379,679
National treasury notes (NTN)			—						163,274						1,059,572						430,722						2,095,511						3,749,079
National treasury bills (LTN)			—						—						—						604,028						375,044						979,072
Commercial promissory notes			—						6,039						147,358						40,520						103,632						297,549
Securities issued abroad			183,495						—						—						—						—						183,495
Debentures			—						22,597						1,391						23,388						22,774						70,150
Certificates of agricultural receivables			20,433						—						9,647						36,110						—						66,190
Certificates of real estate receivables			—						—						—						—						52,196						52,196
Amortized cost			50,738						208,247						147,094						4,270						678,010						1,088,359
National treasury notes (NTN)			—						—						—						—						678,010						678,010
Rural product bill			50,738						208,247						147,094						4,270						—						410,349
Debentures			—						—						—						—						—						—
Fair value through profit or loss - FVTPL			698,755						42,480						262,759						64,040						342,623						1,410,657
Investment fund quotas			466,370						1,332						—						—						—						467,702
Financial treasury bills (LFT)			285						15,049						191,992						3,422						9,440						220,188
Certificates of real estate receivables			3						539						6,678						16,061						196,682						219,963
Debentures			120,341						1,272						9,211						4,938						79,036						214,798
National treasury bills (LTN)			92,478						1,901						2,921						1,549						9,933						108,782
Certificates of agricultural receivables			3						406						16,728						34,519						28,182						79,838
Bank deposit certificates			18,020						7,932						15,326						2,446						4,479						48,203
National treasury notes (NTN)			—						—						7,955						—						12,738						20,693
Agribusiness credit bills (LCA)			241						4,145						11,857						1,103						2,133						19,479
Real estate credit bills (LCI)			404						9,904						91						2						—						10,401
Commercial promissory notes			610						—						—						—						—						610
Total			953,421						442,637						2,050,846						5,880,021						8,949,501						18,276,426

31

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

			12/31/2023
			Up to 3 months						3 months to 1 year						1 year to 3 years						From 3 to 5 years						Above 5 years						Book value
Fair value through other comprehensive income - FVOCI			—						22,176						478,209						4,389,513						9,342,123						14,232,021
Financial treasury bills (LFT)			—						—						135,277						2,478,757						6,598,896						9,212,930
National treasury notes (NTN)			—						—						177,973						1,288,316						2,465,382						3,931,671
National treasury bills (LTN)			—						—						—						415,471						—						415,471
Commercial promissory notes			—						—						144,991						69,166						—						214,157
Debentures			—						22,176						19,968						114,986						173,575						330,705
Certificates of agricultural receivables			—						—						—						22,817						—						22,817
Certificates of real estate receivables			—						—						—						—						104,270						104,270
Amortized cost			44,649						212,869						218,201						16,359						665,413						1,157,491
National treasury notes (NTN)			—						—						—						—						665,413						665,413
Rural product bill			44,649						192,874						205,416						16,359						—						459,298
Debentures			—						19,995						12,785						—						—						32,780
Fair value through profit or loss - FVTPL			368,025						55,104						422,135						218,214						415,122						1,478,600
Investment fund quotas			358,332						—						—						—						—						358,332
Financial treasury bills (LFT)			4,065						671						320,737						86,496						8,367						420,336
Certificates of real estate receivables			—						966						2,138						62,714						116,501						182,319
Debentures			3						5,974						25,383						18,422						231,784						281,566
National Treasury Financial Bills (LTN)			939						26,049						21,305						16,935						8,580						73,808
Certificates of agricultural receivables			—						17						3,256						26,999						34,099						64,371
Bank deposit certificates			4,117						14,734						24,215						4,863						7,668						55,597
National treasury notes (NTN)			—						—						19,942						—						7,634						27,576
Agribusiness credit bills (LCA)			450						3,932						4,368						1,445						489						10,684
Real estate credit bills (LCI)			119						102						791						340						—						1,352
Commercial promissory notes			—						2,659						—						—						—						2,659
Total			412,674						290,149						1,118,545						4,624,086						10,422,658						16,868,112

11.Derivative financial instruments

Inter&Co engages in operations involving financial derivative instruments in the institution's risk management, as well as to meet the demands of its customers. These operations involve swaps, indices, and terms derivatives.

a.Derivative financial instruments – adjustment to fair value by maturity

			Notional						Amortized cost						Fair value						Up to 3 months						3 months to 1 year						1 year to 3 years						Above 3 years						06/30/2024						12/31/2023
Assets
Forward derivatives			9,543						7,177						7,177						5,490						1,687						—						—						7,177						4,213
Future derivatives			2,651						—						—						—						—						—						—						—						25
Total assets			12,194						7,177						7,177						5,490						1,687						—						—						7,177						4,238
Liabilities
Swap derivatives			40,500						(13,882)						(13,882)						(5,663)						(3,742)						(4,477)						—						(13,882)						(14,665)
Forward derivatives			157						(157)						(157)						(20)						(137)						—						—						(157)						(398)
Future derivatives			7,908,347						—						—						—						—						—						—						—						—
Total liabilities			7,949,004						(14,039)						(14,039)						(5,683)						(3,879)						(4,477)						—						(14,039)						(15,063)
Net effect			7,961,198						(6,862)						(6,862)						(193)						(2,192)						(4,477)						—						(6,862)						(10,825)

32

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

b.Forward, future and swap contracts – notional value

Reference value of all derivatives by maturity date is provided below:

			Up to 3 months						3 months to 1 year						1 year to 3 years						Above 3 years						06/30/2024						12/31/2023
Long position			10,506						1,688						—						—						12,194						146,040
Forward derivatives			7,855						1,688						—						—						9,543						24,223
Future derivatives			2,651						—						—						—						2,651						121,817
Short position			1,622,384						1,451,017						2,380,860						2,494,743						7,949,004						6,380,611
Swap derivatives			16,000						11,000						13,500						—						40,500						40,500
Forward derivatives			—						—						20						137						157						2,103
Future derivatives			1,606,384						1,440,017						2,367,340						2,494,606						7,908,347						6,338,008
Total			1,632,890						1,452,705						2,380,860						2,494,743						7,961,198						6,526,651

Swap contracts: The swaps were carried out with the purpose of mitigating the market risk associated with the mismatch between the indexes of the mortgage loan portfolio and the indexes of the funding portfolio. As of June 30, 2024, Inter had active swap contracts in CDI and liabilities in IGP-M, with a margin deposit and recognized at their fair value in the period's profit or loss.

Fixed-term contracts: Forward contracts were entered into both to mitigate market risks arising from Inter's exposure and to meet specific customer demands. Forward contracts consider the purchase or sale of a given asset based on a previously agreed price, with settlement on a future date.

Futures contracts: Futures contracts were entered into with the aim of mitigating (i) risks arising from exposures linked to the exchange rate, including investments abroad, as well as (ii) risks arising from the mismatch between interest rates on active positions and funding rates.

Transactions involving derivative financial instruments (futures contracts, currency forwards and swaps) are held in custody at B3 S.A. – BRASIL, BOLSA, BALCÃO.

c.Hedge accounting - exposure

Inter&Co has accounting hedges for some of its loans and advances to customers. Inter's swaps are classified as hedging instruments in a Fair Value Hedge that protects risks related to a portion of the real estate portfolio indexed to inflation. The hedged contracts in the real estate portfolio are measured at fair value in relation to the specific risk being hedged.

Inter&Co uses financial instruments to mitigate the impact of exchange rate variations on foreign investments in its accounting records. Effective gains and losses on these instruments are recognized in the other comprehensive income account in equity, net of tax effects, and are only transferred to the income statement in the event of ineffectiveness of the hedge or partial/total sale of the foreign operation. Ineffective losses from the hedge are recognized directly in the income statement.

33

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

						06/30/2024						12/31/2023
Hedge instruments						7,163,058						5,811,750
Future DI (a)						3,905,858						3,755,670
IPCA (c)						2,512,636						1,728,330
Future dollar (b)						671,237						256,589
Swap (c)						73,327						71,161
Hedge object						7,226,178						5,826,436
Loans (a)						3,909,389						3,761,467
Real estate loans (c)						2,587,337						1,802,022
Investment abroad (b)						729,452						262,947

(a) Refers to loan portfolios, including advance FGTS withdrawals and payroll loans;

(b) Used to protect investments in subsidiaries abroad.

(c) Refers to the real estate loan portfolio

12.Loans and advances to customers, net of provisions for expected loss

a.Breakdown of balance

			06/30/2024												12/31/2023
Credit card			10,508,082						31.86		%				9,461,277						31.77		%
Real estate loans			9,703,768						29.43		%				8,583,568						28.82		%
Personal loans			7,555,457						22.92		%				7,138,744						23.97		%
Business loans			4,359,140						13.22		%				3,855,754						12.95		%
Agribusiness loans			845,105						2.56		%				744,958						2.50		%
Total			32,971,552						100.00		%				29,784,301						100.00		%
Provision for expected loss			(2,164,912)												(1,883,758)
Net balance			30,806,640												27,900,543

b.Concentration of the portfolio

			06/30/2024												12/31/2023
			Balance						% on Loans and advances to customers						Balance						% on Loans and advances to customers
Largest debtor			301,482						0.91		%				339,130						1.14		%
10 largest debtors			1,458,639						4.42		%				1,520,664						5.11		%
20 largest debtors			2,057,697						6.24		%				2,140,098						7.19		%
50 largest debtors			3,201,637						9.71		%				3,225,766						10.83		%
100 largest debtors			4,142,447						12.56		%				4,147,360						13.92		%

c.Breakdown by maturity

						06/30/2024						12/31/2023
Overdue by 1 day or more						3,765,418						3,599,256
To fall due in up to 3 months						4,369,903						3,910,594
To fall due between 3 to 12 months						9,536,840						8,366,848
To fall due in more than 12 months						15,299,391						13,907,603
Total						32,971,552						29,784,301

34

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

d.Concentration by economic sector

						06/30/2024						12/31/2023
Financial activities						3,379,347						1,708,407
Industries						1,979,126						1,396,046
Construction						1,596,826						1,885,772
Trade						1,517,958						1,490,290
Administrative activities						1,207,669						1,529,880
Agriculture						168,473						150,896
Other segments (a)						1,392,037						1,433,467
Business clients						11,241,436						9,594,758
Individual clients						21,730,116						20,189,543
Total						32,971,552						29,784,301

(a) Mainly refers to real estate activities, communication services, transport, storage and mailing.

35

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

e.Analysis of changes in loans and advances to customers by stage:

Stage 1						Opening balance at 01/01/2024						Transfer to Stage 2						Transfer to Stage 3						Transfer from Stage 2						Transfer from Stage 3						Settled contracts						Write-off for loss						Origination/ receipt						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card						8,073,708						(638,600)						—						45,946						—						(1,926,546)						—						3,385,797						8,940,305						8,073,708
Real estate loans						7,931,469						(797,770)						—						464,421						—						(564,583)						—						1,787,756						8,821,293						7,931,469
Personal loans						6,533,589						(369,402)						(322)						141,787						64						(1,034,386)						—						1,585,361						6,856,691						6,533,589
Business loans						3,829,413						(53,917)						—						11,976						—						(4,971,723)						—						5,503,869						4,319,618						3,829,413
Agribusiness loans						738,126						—						—						—						—						(103,665)						—						203,790						838,251						738,126
Total						27,106,305						(1,859,689)						(322)						664,130						64						(8,600,903)						—						12,466,573						29,776,158						27,106,305
Stage 2						Opening balance at 01/01/2024						Transfer to Stage 1						Transfer to Stage 3						Transfer from Stage 1						Transfer from Stage 3						Settled contracts						Write-off for loss						Origination/ receipt						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card						405,996						(45,946)						(1,059,199)						638,600						—						(750,420)						—						1,193,116						382,147						405,996
Real estate loans						515,047						(464,421)						(316,807)						797,770						199,709						(42,417)						—						(6,877)						682,004						515,047
Personal loans						317,462						(141,787)						(210,130)						369,402						41,781						(294,579)						—						355,213						437,362						317,462
Business loans						10,200						(11,976)						(31,706)						53,917						1,421						(4,103)						—						(987)						16,766						10,200
Agribusiness loans						3,441						—						(3,463)						—						—						—						—						22						—						3,441
Total						1,252,146						(664,130)						(1,621,305)						1,859,689						242,911						(1,091,519)						—						1,540,487						1,518,279						1,252,146
Stage 3						Opening balance at 01/01/2024						Transfer to Stage 1						Transfer to Stage 2						Transfer from Stage 1						Transfer from Stage 2						Settled contracts						Write-off for loss						Origination/ receipt						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card						981,573						—						—						—						1,059,199						(283,568)						(574,111)						2,537						1,185,630						981,573
Real estate loans						137,052						—						(199,709)						—						316,807						(45,347)						(7,787)						(545)						200,471						137,052
Personal loans						287,693						(64)						(41,781)						322						210,130						(89,916)						(133,587)						28,607						261,404						287,693
Business loans						16,141						—						(1,421)						—						31,706						(1,887)						(8,849)						(12,934)						22,756						16,141
Agribusiness loans						3,391						—						—						—						3,463						—						—						—						6,854						3,391
Total						1,425,850						(64)						(242,911)						322						1,621,305						(420,718)						(724,334)						17,665						1,677,115						1,425,850
Consolidated																														Opening balance at 01/01/2024						Settled contracts						Write-off for loss						Origination/ receipt						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card																														9,461,277						(2,960,534)						(574,111)						4,581,450						10,508,082						9,461,277
Real estate loans																														8,583,568						(652,347)						(7,787)						1,780,334						9,703,768						8,583,568
Personal loans																														7,138,744						(1,418,881)						(133,587)						1,969,181						7,555,457						7,138,744
Business loans																														3,855,754						(4,977,713)						(8,849)						5,489,948						4,359,140						3,855,754
Agribusiness loans																														744,958						(103,665)						—						203,812						845,105						744,958
Total																														29,784,301						(10,113,140)						(724,334)						14,024,725						32,971,552						29,784,301

36

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

f.Analysis of changes in expected losses by stage

Stage 1						Opening balance at 01/01/2024						Transfer to Stage 2						Transfer to Stage 3						Transfer from Stage 2						Transfer from Stage 3						Write-off for loss						Constitution/ (Reversal)						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card						408,412						(329,578)						—						10,246						—						—						318,318						407,398						408,412
Real estate loans						49,930						(74,845)						—						13,683						—						—						65,966						54,734						49,930
Personal loans						106,635						(84,193)						(278)						4,413						5						—						56,568						83,150						106,635
Business loans						12,859						(5,979)						—						81						—						—						8,554						15,515						12,859
Agribusiness loans						11,122						—						—						—						—						—						1,499						12,621						11,122
Total						588,958						(494,595)						(278)						28,423						5						—						450,905						573,418						588,958
Stage 2						Opening balance at 01/01/2024						Transfer to Stage 1						Transfer to Stage 3						Transfer from Stage 1						Transfer from Stage 3						Write-off for loss						Constitution/ (Reversal)						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card						225,771						(10,246)						(727,359)						329,578						—						—						407,325						225,069						225,771
Real estate loans						39,710						(13,683)						(66,162)						74,845						15,735						—						489						50,934						39,710
Personal loans						89,687						(4,413)						(147,864)						84,193						5,863						—						103,969						131,435						89,687
Business loans						789						(81)						(5,973)						5,979						167						—						1,245						2,126						789
Agribusiness loans						947						—						(1,661)						—						—						—						714						—						947
Total						356,904						(28,423)						(949,019)						494,595						21,765						—						513,742						409,564						356,904
Stage 3						Opening balance at 01/01/2024						Transfer to Stage 1						Transfer to Stage 2						Transfer from Stage 1						Transfer from Stage 2						Write-off for loss						Constitution/ (Reversal)						Ending balance at 06/30/2024						Ending balance at 12/31/2023
Credit card						708,986						—						—						—						727,359						(574,111)						49,108						911,342						708,986
Real estate loans						44,092						—						(15,735)						—						66,162						(7,787)						(22,100)						64,632						44,092
Personal loans						208,043						(5)						(5,863)						278						147,864						(133,587)						(20,240)						196,490						208,043
Business loans						6,231						—						(167)						—						5,973						(8,849)						2,475						5,663						6,231
Agribusiness loans						1,628						—						—						—						1,661						—						514						3,803						1,628
Total						968,980						(5)						(21,765)						278						949,019						(724,334)						9,757						1,181,930						968,980
Consolidated																														Opening balance at 01/01/2024						Write-off for loss						Constitution/ (Reversal)						Ending balance at 6/30/2024						Ending balance at 12/31/2023
Credit card																														1,343,169						(574,111)						774,751						1,543,809						1,343,169
Real estate loans																														133,732						(7,787)						44,355						170,300						133,732
Personal loans																														404,365						(133,587)						140,297						411,075						404,365
Business loans																														19,879						(8,849)						12,274						23,304						19,879
Agribusiness loans																														13,697						—						2,727						16,424						13,697
Total																														1,914,842						(724,334)						974,404						2,164,912						1,914,842

37

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

13.Non-current assets held for sale

The balance of non-current assets held for sale comprises assets originally received as collateral for loans and advances to customers, which were repossessed. The amount of real estate held for sale on June 30, 2024 was R$ 179,954 (December 31, 2023: R$ 174,355).

14.Equity accounted investees

a.Equity:

						% in share capital												Equity accounted investees
Investees						06/30/2024						12/31/2023						06/30/2024						12/31/2023
Granito Soluções em Pagamento S.A. (a)						50.00		%				50.00		%				77,754						80,233
Total																		77,754						80,233
Other investments																		10,401						10,401
Total																		88,155						90,634

b.Income from equity interests in associates:

Investees						06/30/2024						06/30/2023
Granito Soluções em Pagamento S.A.						(2,480)						(26,526)
Total						(2,480)						(26,526)

15.Property and equipment

a.Breakdown of property and equipment:

									06/30/2024
			Annual depreciation rate						Historical cost						Accumulated depreciation						Carrying Amount
Right-of-use assets - buildings and equipment			4% to 10%						123,379						(9,519)						113,860
Buildings			4%						41,980						(13,871)						28,109
Furniture and equipment			10%						56,196						(11,159)						45,037
Data processing systems			20%						17,387						(13,489)						3,898
Construction in progress			—						2,742						—						2,742
Total									241,684						(48,038)						193,646

									12/31/2023
			Annual depreciation rate						Historical cost						Accumulated depreciation						Carrying Amount
Right-of-use assets - buildings and equipment			4% to 10%						117,873						(9,193)						108,680
Buildings			4%						39,062						(10,896)						28,166
Furniture and equipment			10%						35,508						(10,370)						25,138
Data processing systems			20%						16,907						(13,364)						3,543
Construction in progress			—						2,020						—						2,020
Total									211,370						(43,823)						167,547

38

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

b.Changes in property and equipment:

						Balance at 12/31/2023						Addition												Transfer						Write-offs						Exchange rate changes						Balance at 06/30/2024
Historical cost
Buildings						39,062						2,918												—						—						—						41,980
Furniture and equipment						35,508						20,546												—						—						142						56,196
Data processing systems						16,907						480												—						—						—						17,387
Construction in progress						2,020						722												—						—						—						2,742
Total						93,497						24,666												—						—						142						118,305
Accumulated depreciation
Buildings						(10,896)						(2,912)												—						—						(63)						(13,871)
Furniture and equipment						(10,370)						(789)												—						—						—						(11,159)
Data processing systems						(13,364)						(124)												—						—						—						(13,488)
Total						(34,630)						(3,825)												—						—						(63)						(38,518)
Total						58,867						20,841												—						—						79						79,787

						Balance at 12/31/2022						Addition						Transfer						Write-offs						Balance at 06/30/2023
Historical cost
Buildings						37,446						817						11						—						38,274
Furniture and equipment						23,601						7,028						(11)						(26)						29,779
Data processing systems						15,636						355						—						—						15,991
Construction in progress						1,794						91						—						—						1,885
Total						222,864						8,291						—						(11,651)						218,691
Accumulated depreciation
Buildings						(25,149)						(3,075)						—												(28,224)
Furniture and equipment						(2,069)						(736)						303						91						(2,000)
Data processing systems						(11)						(113)						(303)						3						(424)
Total						(34,845)						(5,034)						—						94						(39,374)
Total						188,019						3,257						—						(11,557)						179,317

c.     Right-of-use assets

						Buildings and equipment
Balance at January 1, 2024						108,680
Depreciation charge for the year						(326)
Updates						5,506
Balance at June 30, 2024						113,860

						Buildings and equipment
Balance at January 1, 2023						136,771
Additions to right-of-use assets						3,425
Depreciation charge for the year						(1,577)
Lease termination of non-renewed contracts/write-offs						(29,939)
Balance at December 31, 2023						108,680

39

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

16.Intangible

a.Breakdown of intangible assets

									06/30/2024																		12/31/2023
			Annual amortization rate						Historical cost						(Accumulated amortization)						Carrying Amount						Historical cost						(Accumulated amortization)						Carrying Amount
Development costs			20%						371,045						(154,751)						216,294						360,818						(119,107)						241,711
Intangible assets in progress			—						419,921						—						419,921						288,045						—						288,045
Right of use			17%						722,530						(338,283)						384,247						457,210						(283,993)						173,217
Customer portfolio			20%						13,964						(8,303)						5,661						13,965						(7,369)						6,596
Goodwill			—						635,735						—						635,735						635,735						—						635,735
Total									2,163,195						(501,337)						1,661,858						1,755,773						(410,469)						1,345,304

b.Changes in intangible assets

			12/31/2023						Addition						Write-offs						Transfers						Business Combination						Amortization						06/30/2024
Development costs			241,711						—						—						10,227						—						(35,644)						216,294
Intangible assets in progress			288,045						132,831						(6,212)						5,257						—						—						419,921
Right of use			173,217						280,739						(20)						(15,484)						—						(54,205)						384,247
Customer portfolio			6,596						—						—						—						—						(935)						5,661
Goodwill			635,735						—						—						—						—						—						635,735
Total			1,345,304						413,570						(6,232)						—						—						(90,784)						1,661,858
			12/31/2022						Addition						Write-offs						Transfers						Business Combination						Amortization						06/30/2023
Development costs			185,565						—						—						70,191						—						(40,361)						215,395
Intangible assets in progress			279,675						85,573						—						(118,506)						—						—						246,742
Right of use			132,217						49,824						—						48,315						—						(32,465)						197,891
Customer portfolio			8,376						—						—						—						—						(847)						7,529
Goodwill			632,796						—						—						—						2,829						—						635,625
Total			1,238,629						135,397						—						—						2,829						(73,673)						1,303,182

40

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

17.Other assets

			06/30/2024						12/31/2023
Prepaid expenses (a)			422,411						351,627
Recoverable taxes			355,861						327,585
Sundry debtors (b)			251,424						171,143
Premium or discount on transfer of financial assets			214,444						189,019
Commissions and bonus receivable (c)			212,681						226,520
Pending settlements (d)			166,402						148,613
Unbilled services provided			86,694						55,659
Amount receivable from the sale of investments			78,478						109,682
Agreements on sales of properties receivable			42,072						45,961
Advances to third parties			32,131						29,690
Early settlement of credit operations			20,236						79,278
Others			455,069						390,452
Total			2,337,903						2,125,229

(a) The cost of acquiring customers for the digital account and portability expenses to be appropriated are advantageous;

(b) Refers mainly to processing portability amounts, credit card processing amounts, negotiation and intermediation of amounts and debtors for judicial deposit;

(c) Refers mainly to bonuses receivable from commercial contracts signed with Mastercard, Liberty and Sompo;

(d) Pending settlements: refers mainly to the settlement balances receivable from B3 and the transshipment of end-of-week settlements into the credit card product.

18.Liabilities with financial and similar institutions

						06/30/2024						12/31/2023
Payables with credit card network						7,720,545						6,801,035
Interbank deposits						1,763,695						1,647,866
Securities sold under agreements to repurchase						1,372,710						1,011,092
Others						56,829						62,476
Total						10,913,779						9,522,469

19.Liabilities with customers

						06/30/2024						12/31/2023
Time deposits						32,531,468						28,158,459
Savings deposits						1,715,785						1,540,604
Demand deposits						1,431,721						2,572,536
Creditors by resources to release						299,344						380,021
Total						35,978,318						32,651,620

20.Securities issued

						06/30/2024						06/30/2023
Real estate credit bills						8,164,466						7,898,500
Financial Bills						285,258						147,876
Agribusiness credit bills						93,524						48,666
Total						8,543,248						8,095,042

41

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

21.Borrowing and on-lending

						06/30/2024						12/31/2023
Onlending obligations - Tesouro Funcafé (a)						77,150						81,838
Onlending obligations – CEF(b)						18,937						20,291
Onlending obligations – BNDES (c)						5,543						5,283
Total						101,630						107,412

(a) Refers to rural credit operations with Funcafé (at a fixed rate of 8% p.a.);

(b) Refers to on-lending operations for real estate loans taken out with Caixa Econômica Federal (at rates of between 4.5% and 6% p.a.; and

(c) Refers to Working Capital operations with BNDES (at a fixed rate of up to 6.87% p.a.).

22.Tax liabilities

						06/30/2024						12/31/2023
Income tax and social contribution						268,690						287,978
PIS/COFINS						33,624						27,717
INSS/FGTS						15,215						19,392
Others						40,289						28,175
Total						357,818						363,262

23.Provisions and contingent liabilities

a.Provisions

The Group's legal entities, in the normal course of their activities, are parties to tax, social security, labor and civil lawsuits. The respective provisions were made taking into account the laws in force, the opinion of legal advisors, the nature and complexity of the cases, case law, past loss experience and other relevant criteria that allow the most adequate estimate.

i.Labor lawsuits

These are lawsuits filed seeking to obtain indemnities of a labor nature. Amounts provisioned are related to processes in which alleged labor rights are discussed, such as overtime and salary equalization. On an individual basis, amounts provided for labor lawsuits are not significant.

ii.Civil lawsuits

The majority of lawsuits refer to indemnities for material and moral damages related to the Group’s products, such as payroll deductible loans, in addition to declaratory and remedial actions, compliance with the limit of a 30% deduction from a borrower's salary, presentation of documents and adjustment actions.

Changes in provisions

			Labor						Civil						Total
Balance at December 31, 2023			5,982						33,386						39,368
Constitution/increase in provision			2,079						19,375						21,454
Payments			(1,190)						(13,920)						(15,110)
Balance at June 30, 2024			6,871						38,841						45,712
Balance at December 31, 2022			3,788						24,330						28,118
Constitution/increase in provision			3,429						35,126						38,555
Payments			(1,235)						(26,070)						(27,305)
Balance at June 30, 2023			5,982						33,386						39,368

42

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

b.Contingent tax liabilities classified as possible losses

The main proceedings with this classification are:

i.Income tax and social contribution on net income – IRPJ and CSLL

On August 30, 2013, a tax assessment notice was issued (referring to some expenses considered as non-deductible) requiring the payment of amounts of income tax and social contribution related to the calendar years 2008 to 2009. On June 30, 2024, these amounted to R$29,599 (R$33,390 as of December 31, 2023).

ii.COFINS

The Company is challenging its COFINS obligations from 1999 to 2008 in court, due to the Federal Revenue Service's understanding that financial revenues should be included in the calculation basis of this contribution. Inter has a Federal Supreme Court decision, dated December 19, 2005, granting the right to collect COFINS based only on the revenue from services rendered, instead of the total revenue that would include financial revenues.

In 2005, Inter obtained a favorable final and unappealable decision from the Federal Supreme Court, granting it the right to pay COFINS based only on the revenue from services rendered, instead of the total revenue that would include financial revenues.

During the period from 1999 to 2006, Inter made judicial deposits and/or made the payment of the obligation. In 2006, through a favorable decision by the Supreme Federal Court and the express consent of the Federal Revenue Service, Inter's judicial deposit was released. Additionally, the authorization to use the credits, for amounts previously overpaid, against current obligations, was homologated without challenge by the Federal Revenue Service on May 11, 2006. Subsequently, the Federal Revenue Service challenged the procedures adopted by Inter, applying the understanding that financial revenues should be included in the COFINS calculation basis.

After the enactment of Law 12.973/14, Inter modified its procedures to include financial revenues in the COFINS calculation basis and, therefore, all the taxable events involved in Inter’s discussions are prior to this law.

Currently, the application of the res judicial (final and unappealable ruling) is being discussed in a lawsuit that ensured Inter the right not to pay COFINS on financial revenues.

Process type - COFINS						06/30/2024						12/31/2023
Action for the annulment of a tax debt						41,340						39,651
Infraction notice						24,469						24,132
Clearing Statement						1,293						1,261
Total						67,102						65,044

c.Others

There were other provisions of R$31,084 on December 31, 2023.

43

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

24.Other liabilities

						06/30/2024						12/31/2023
Payments to be processed (a)						1,152,704						1,150,536
Pending settlements (b)						148,249						118,307
Social and statutory provisions						139,306						139,752
Lease liabilities (Note 24.a)						126,114						120,395
Agreements						65,169						27,979
Contract liabilities (c)						39,995						41,785
Other liabilities						310,203						298,494
Total						1,981,740						1,897,248

(a)    The balance is substantially composed of: credit operation installments to be transferred, payment orders to be settled, suppliers to be paid, liabilities from business combination and fees to be paid;

(b)     Refer to customer operations intended for carrying out business with fixed income securities, shares, commodities and financial assets, which will be settled within a maximum period of D+5;

(c) The balance consists of amounts received, not yet recognized in the income statement arising from the exclusive contract for insurance products signed between the subsidiary Inter Digital Corretora and Consultoria de Seguros Ltda. (“Inter Seguros”) and Liberty Seguros.

a.Lease liabilities

The changes in lease liabilities as of June 30, 2024 and year ended December 31, 2023 are as follows:

Balance at January 1, 2024			120,395
New contracts			890
Payments			(19,416)
Accrued interest			24,245
Ending balance at June 30, 2024			126,114
Balance at January 1, 2023			146,705
New contracts			3,460
Payments			(37,678)
Accrued interest			7,908
Ending balance at December 31, 2023			120,395

Lease maturity

The maturity of the lease liabilities as of June 30, 2024 and year ended December 31, 2023 is as follows:

			06/30/2024						12/31/2023
Up to 1 year			3,300						6,016
From 1 year to 5 years			12,896						10,431
Above 5 years			109,918						103,948
Total			126,114						120,395

25.Equity

a.Share capital

Date						Class A						Class B						Total
06/30/2024						321,953,435						117,037,105						438,990,540
12/31/2023						285,153,435						117,037,105						402,190,540

44

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

During 2023, we issued a total of 317,394 new Class A common shares to the beneficiaries of our incentive plans. We have also transferred the shares we held in treasury to the beneficiaries of our incentive plans. On June 30, 2024, we had a total of 321,953,435 Class A common shares and 117,037,105 issued as class B shares.

On June 30, 2024, Inter & Co, Inc.'s authorized share capital is US$50,000 divided into 20,000,000,000 shares with par value of US$0.0000025 each, of which (i) 10,000,000,000 class A shares, (ii) 5,000,000,000 class B shares and (iii) 5,000,000,000 shares with rights designated by the Company's Board of Directors. The share capital comprising shares issued refers to the authorized capital. The paid-up share capital of Inter & Co. Inc was R$13 at June 30, 2024 (December 31, 2023: R$13).

On January 16, 2024, Inter&Co announced the beginning of the public offering of 36,800,000 (thirty-six million eight hundred thousand) class A common shares. The offering was priced on January 18, 2024 at R$21.74 (US$ 4.40) per share and the final settlement of the offer occurred on February 20, 2024, resulting in a gross funding of R$820,503 and an equity securities issuance cost of R$ (38,768).

b.Reserves

On June 30, 2024, the reserves amounted to R$9,232,290 (December 31, 2023: R$8,147,285).

c.Other comprehensive income

On June 30, 2024, Inter & Co, Inc’s accumulated other comprehensive income in equity amounted to R$(756,625), (December 31, 2023: R$(675,488)), which comprises the fair value of financial assets at FVOCI and exchange rate change adjustments of subsidiary abroad and taxes.

d.Dividends and interest on equity

On June 30, 2024, Inter&Co Inc., made dividend payments in the amount of R$ 68,813 to its shareholders. Inter Food and Asset Gestão paid interest on equity/dividends to non-controlling shareholders in the amounts of R$2,317 and R$3,398. In the same period, Banco Inter and Inter Holding Fin made dividend payments in the amount of R$148,424 and R$143,870 for controlling shareholders.

In the year ended December 31, 2023, Banco Inter and Inter Holding distributed R$50,000 and R$25,781 in interest on equity to controlling shareholders. Inter Food paid dividends in the amount of R$23,600 to its non-controlling shareholders.

Company						06/30/2024						12/31/2023
Banco Inter (a)						148,424						50,000
Inter Holding Fin (b)						143,870						25,781
Inter & Co, Inc.						68,813						—
Inter Digital (c)						3,398						—
Inter Food (c)						2,317						23,600
Total						366,822						99,381

(a) Amount paid to the controlling company Inter Holding;

(b) Amount paid to the parent company Inter& Co Inc.;

(c) Amount paid to non-controlling interests.

45

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

e.Basic and diluted earnings (loss) per share

Basic and diluted earnings/(loss) per share is as follows:

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Profit (loss) attributable to Owners of the company (In thousands of Reais)						206,479						48,746						389,272						60,151
Average number of shares outstanding						432,814,798						401,782,211						432,814,798						401,782,211
Basic earnings (loss) per share (R$)						0.48						0.12						0.90						0.15
Diluted earnings (loss) per share (R$)						0.47						0.12						0.89						0.15

Basic and diluted earnings (loss) per share are presented based on the aggregate of the two classes, A and B, and are calculated by dividing the profit (loss) attributable to the parent company by the weighted average number of shares of each class outstanding in the years.

On June 30, 2024, Inter&Co reported dilutive effects for the purpose of calculating diluted earnings per share. These effects were due to shares granted under share-based payment plans, with a weighted average quantity of 2,814,395.

f.Non-controlling interest

On June 30, 2024, the balance of non-controlling interests is R$145,545 (December 31, 2023: R$124,881).

g.Reflex reserve

On June 30, 2024, the reflex reserve is R$(11,923) (December 31, 2023: R$44,217). The reflex reserve is mainly composed by equity-settled share-based payment from Banco Inter.

h.Treasury shares

On June 30, 2024, the value of treasury shares is R$(13,687), consisting of 146,792 class A shares.

26.Net interest income

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Interest income
Credit card						369,048						303,890						721,448						575,007
Real estate loans						291,199						225,192						587,400						442,165
Personal loans						204,785						296,813						479,911						504,496
Business loans						152,218						120,750						276,857						245,016
Amounts due from financial institutions						99,401						114,751						216,830						212,219
Prepayment of receivables						53,645						59,977						113,307						124,783
Others						2,119						29,732						(5,807)						60,346
Total						1,172,415						1,151,105						2,389,946						2,164,032
Interest expenses
Term deposits						(447,291)						(382,393)						(879,964)						(736,554)
Funding in the open market						(238,004)						(260,418)						(486,180)						(532,113)
Financial institutions deposits						(42,552)						(24,105)						(85,444)						(46,382)
Saving						(24,599)						(22,937)						(48,052)						(45,749)
Others						(20,197)						(2,353)						(35,250)						(4,179)
Total						(772,643)						(692,206)						(1,534,890)						(1,364,977)

46

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

27.Net revenues from services and commissions

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Income from securities						456,585						402,038						903,304						772,962
Fair value through other comprehensive income						381,322						295,458						761,714						584,153
Fair value through profit or loss						63,158						55,362						112,384						94,639
Amortized cost						12,105						51,218						29,206						94,170
Income from Derivatives						173,311						(58,862)						241,973						(58,380)
Future dolar contracts						(22,518)						7,133						(18,924)						20,960
Forward contracts						15,229						(5,487)						14,017						(2,442)
Futures contracts and swaps (a)						180,600						(60,508)						246,880						(76,898)
Total						629,896						343,176						1,145,277						714,582

(a) The market adjustments of the hedge instrument offset the effects of the result from Hedge Accounting derivatives.

28.Net revenues from services and commissions

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Interchange (a)						254,701						185,608						496,592						360,537
Commission and brokerage fees						189,250						116,633						335,317						249,285
Investments						27,596						18,062						56,328						38,282
Banking and credit operations						27,810						21,875						53,648						36,416
Other						17,466						20,925						42,746						28,204
Inter Loop (b)						(28,632)						(6,574)						(58,718)						(6,574)
Cashback expenses (c)						(91,045)						(58,005)						(154,427)						(125,273)
Total						397,145						298,524						771,485						580,877

(a)    Refers to card operations.

(b)    This is a loyalty and rewards program offered by Banco Inter. Through this program, bank customers accumulate points in their transactions and financial operations and can exchange them for benefits, discounts, products or services.

(c)     Refers to amounts paid to customers as an incentive to purchase or use products. This balance is deducted directly from revenue from services and commissions.

29.Other revenues

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Performance fees (a)						16,727						27,910						40,991						56,195
Revenue foreign exchange						12,197						26,191						33,953						41,110
Capital gains						5,534						6,149						8,789						9,087
Revenue from sale of goods						4,450						6,729						8,765						10,017
Others						45,820						14,179						82,187						30,626
Total						84,728						81,158						174,685						147,035

(a)     Consists substantially of the result of the commercial agreement between Inter and Mastercard, B3 and Liberty, which offers performance bonuses as the established goals are met.

47

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

30.Impairment losses on financial assets

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Impairment expense for loans and advances to customers						(506,629)						(414,060)						(974,404)						(779,819)
Recovery of written-off credits						75,058						32,233						129,067						46,273
Others						10,323						(16,733)						13,041						(15,695)
Total						(421,248)						(398,560)						(832,296)						(749,241)

31.Administrative expenses

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Data processing and information technology						(172,654)						(199,733)						(380,099)						(408,742)
Third party services and financial system services						(83,347)						(65,507)						(150,524)						(132,930)
Advertisement and marketing						(48,967)						(21,095)						(83,068)						(41,142)
Rent, condominium fee and property maintenance						(13,704)						(16,707)						(31,326)						(32,429)
Provisions for contingencies						(11,920)						(6,413)						(21,454)						(16,641)
Insurance expenses						(4,555)						(7,669)						(9,164)						(15,864)
Portability expenses						(4,886)						(2,769)						(8,656)						(5,140)
Others						(62,795)						(27,975)						(113,781)						(80,595)
Total						(402,827)						(347,868)						(798,071)						(733,483)

32.Personnel expenses

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Salaries						(104,747)						(110,969)						(207,152)						(209,155)
Benefits						(65,313)						(50,800)						(119,422)						(86,340)
Social security charges						(31,301)						(28,240)						(63,625)						(57,803)
Others						(2,846)						3,760						(4,471)						(5,363)
Total						(204,207)						(186,249)						(394,670)						(358,661)

33. Tax expenses

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
PIS/COFINS						(76,117)						(58,544)						(144,444)						(114,446)
ISSQN						(22,382)						(17,213)						(26,732)						(21,339)
INSS						(1,982)						(972)						(5,536)						(1,997)
Others						1,064						4,266						(9,036)						(3,552)
Total						(99,418)						(72,463)						(185,749)						(141,334)

48

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

34.Current and deferred income tax and social contribution

a.Amounts recognized in profit or loss for the period

						Quarter												Semester
						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Current income tax and social contribution expenses
Current year						(116,956)						(61,705)						(204,879)						(90,030)
Deferred income tax and social contribution benefits (expenses)
Provision for impairment losses on loans and advances						47,059						52,461						79,095						76,506
Provision for contingencies						1,221						(830)						2,811						1,305
Adjustment of financial assets to fair value						(34,596)						(41,825)						(45,450)						(31,137)
Other temporary differences						(2,145)						8,961						24,259						(414)
Tax losses carried forward						30,474						(6,836)						(9,291)						28,723
Hedge Operations						—						33,647						—						17,239
Total deferred income tax and social contribution						42,013						45,578						51,424						92,222
Total income tax						(74,943)						(16,127)						(153,455)						2,192

b.Reconciliation of effective rate

						Quarter																								Semester
						06/30/2024												06/30/2023												06/30/2024												06/30/2023
						Income tax												Income tax												Income tax												Income tax
Profit before tax												297,608												80,299												571,340												86,196
Tax average (a)						45		%				(133,924)						45		%				(36,134)						45		%				(257,103)						45		%				(38,788)
Tax effect of
Interest on capital distribution												13,600												—												30,608												—
Non-taxable income (non-deductible expenses) net												44,628												(446)												49,689												276
Tax incentives												(771)												—												—												—
Subsidiaries not subject to real profit taxation												7,380												1,256												17,618												21,507
Others												(5,856)												19,197												5,733												19,197
Total income tax												(74,943)												(16,127)												(153,455)												2,192
Effective tax rate												(25)%												(20)%												(27)%												3%
Total deferred income tax and social contribution												42,013												(44,452)												51,424												2,192
Total income tax and social contribution expenses												(116,956)												28,325												(204,879)												—

(a)    The result from Banco Inter represents the greatest impact on the total amount of taxes, so we present the tax rate of 45%, which is the nominal rate currently in force for banks under Brazilian legislation.

49

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

c.Changes in the balances of deferred taxes

						12/31/2023						Constitution						Realization						06/30/2024
Deferred tax assets
Provision for impairment losses on loans and advances						630,817						400,969						(321,874)						709,912
Adjustment of financial assets to fair value						137,729						236,148						(125,636)						248,241
Tax losses carried forward						164,831						37,238						(45,992)						156,077
Other temporary differences						82,438						77,755						(71,679)						88,514
Provision for contingencies						17,720						10,219						(7,408)						20,531
Subtotal						1,033,535						762,329						(577,599)						1,218,265
Deferred tax liabilities
Capital gains from assets in the business combination						(4,637)						—						2,015						(2,622)
Hedge Accounting						(27,902)						—						27,929						27
Earn-out						—						(27,045)						—						(27,045)
Subtotal						(32,539)						(27,045)						29,944						(29,640)
Total net deferred tax assets (liabilities) (a)						1,000,996						735,284						(547,655)						1,188,625

(a)    The recognition of these deferred tax assets are based on the expectation of generating future taxable income and supported by technical studies and income projections.

						12/31/2022						Constitution						Realization						06/30/2023
Deferred tax assets
Provision for impairment losses on loans and advances						407,766						344,881						(268,375)						484,272
Provision for contingencies						12,664						8,932						(7,627)						13,969
Adjustment of financial assets to fair value						312,159						104,717						(231,076)						185,800
Other temporary differences						33,668						26,659						(26,268)						34,059
Tax losses carried forward						202,184						32,798						(21,585)						213,397
Provision for expected loss on financial instruments						9,707						—						(805)						8,902
Subtotal						978,148						517,987						(555,736)						940,399
Deferred tax liabilities
Others						(30,073)						(6,290)						3,693						(32,670)
Subtotal						(30,073)						(6,290)						3,693						(32,670)
Total net deferred tax assets (liabilities) (a)						948,075						511,697						(552,043)						907,729

(a)    The recognition of these deferred tax assets are based on the expectation of generating future taxable income and supported by technical studies and income projections.

35.Share-based payment

a.Share-based compensation agreements

a.1) Stock option plan - Banco Inter S.A.

Between February 2018 and January 2022, Banco Inter S.A. established stock option programs through which Inter managers and executives were granted options for the acquisition of Banco Inter S.A. Shares.

50

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

The Extraordinary General Meeting of Inter&Co, Inc. held on January 4, 2023 approved the migration of share-based payment plans, with the assumption by Inter&Co of the obligations of Banco Inter S.A. arising from the active plans and the respective programs. As a result of the corporate reorganization, the number of options held by each beneficiary was proportionally changed. Thus, for every 6 options to purchase common shares or preferred shares of Banco Inter S.A. the beneficiaries will have 1 option to purchase a Class A share of Inter&Co. In addition, the repricing of the exercise price of the options granted in 2022, which had not yet been granted, was approved. On the occasion of the repricing, the fair value of the options granted and not exercised was recalculated, and an additional amount of R$15,990 of incremental expense was calculated, to be appropriated until the final vesting period.

The main characteristics of the plans are described below:

Grant Date

Final strike date

Options (shares INTR)

Vesting

Average strike price

Participants

02/15/2018

02/15/2025

5,452,464

Up to 5 years

R$1.80

Officers, managers and key employees

07/09/2020

07/09/2027

3,182,250

Up to 5 years

R$21.50

Officers, managers and key employees

01/31/2022

12/31/2028

3,250,000

Up to 5 years

R$15.50

Officers, managers and key employees

Changes in the options of each plan for the period ended June 30, 2024 and supplementary information are shown below:

Grant Date						12/31/2023						Granted						Expired/Cancelled						Exercised						06/30/2024
2018						115,799						—						—						14,400						101,399
2020						2,519,138						—						4,125						11,475						2,503,538
2022						2,815,750						—						73,625						20,025						2,722,100
Total						5,450,687						—						77,750						45,900						5,327,037
Weighted average price of the shares						R$	17.98					R$	—					R$	15.82					R$	12.70					R$	18.06

Grant Date						12/31/2022						Granted						Expired/Cancelled						Exercised						12/31/2023
2018						135,599						—						—						19,800						115,799
2020						2,829,225						—						309,412						675						2,519,138
2022						2,838,500						50,000						69,000						3,750						2,815,750
Total						5,803,324						50,000						378,412						24,225						5,450,687
Weighted average price of the shares						R$	18.15					R$	15.50					R$	20.41					R$	4.47					R$	17.98

The fair values of the period of 2018 and 2020 plans were estimated based on the Black & Scholes option valuation model considering the terms and conditions under which the options were granted, and the respective compensation expense is recognized during the vesting period.

						2018						2020
Strike price						1.80						21.50
Risk-free rate						9.97		%				9.98		%
Duration of the strike (years)						7						7
Expected annualized volatility						64.28		%				64.28		%
Fair value of the option at the grant/share date:						0.05						0.05

51

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

For the 2022 program, the fair value was estimated based on the Binomial model:

						2022
Strike price						15.50
Risk-free rate						11.45		%
Duration of the strike (years)						7
Expected annualized volatility						38.81		%
Weighted fair value of the option at the grant/share date:						4.08

In the period ended June 30, 2024, costs amounting to R$10,136 (June 30, 2023: R$15,802) were recognized in employee benefit expenses.

a.2) Share-based payment related to Inter & Co Payments, Inc., acquisition

In the context of the acquisition of Inter&Co Payments by Inter, it was established that part of the payment to key executives of the acquired entity would be made by migrating the share-based payment plan of Inter & Co Payments, Inc., with stock options for class A shares and restricted class A shares of Inter & Co, in addition to the granting of shares issued by the Company. Considering the characteristics of the contract signed between the parties, the expense associated with the options granted are treated as a compensation expense which will be expensed over the term of the vested options and based on continued employment of such key executives.

Inter has the right to repurchase the restricted shares if these key executives cease to provide services to the Company within the term of the acquisition contract. Nevertheless, all shares will remain subject to other transfer restrictions established in the contract and in the applicable legislation.

The main characteristics of these stock-based payments are described below:

Grant Date

Options

Vesting

Average strike price (a)

Participants

Final exercise date

2022

489,386

Up 3 years

R$ 10.67 for class A shares

Key Executives

12/30/2024

(a)    Number of options and strike price from Inter&Co Payments, Inc.’s equity incentive plan has been agreed by the Parties at the time of the acquisition. The number of options and strike price, after the Company’s reorganization and listing on Nasdaq have been recalculated in accordance with the rate between Inter’s shares and the Company’s Class A Shares. According to the contract signed between the parties, the corresponding amount is USD 1.92. The values presented in reais were converted using the dollar FX rate as of June 30, 2024.

Stock options exercised:

Grant Date

Shares

Participants

Final exercise date

2023

643,500

Key Executives

12/30/2024

Changes in Inter&Co Payments, Inc.’s granted instruments for June 30, 2024 and supplementary information are shown below:

Grant Date						12/31/2023						Granted Options						Expired/Cancelled						Exercised						6/30/2024
2022						489,386						—						—						—						489,386
Total						489,386						—						—						—						489,386
Weighted average price of the shares						R$	9.30					R$	—					R$	—					R$	—					R$	10.67

52

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

Grant Date						12/31/2022						Granted Options						Expired/Cancelled						Exercised						12/31/2023
2022						489,386						—						—						—						489,386
Total						—						—						—						—						489,386
Weighted average price of the shares						R$	9.30					R$	—					R$	—					R$	—					R$	9.30

Grant Date						12/31/2023						Granted Shares						Expired/Cancelled						Put option exercise						6/30/2024
2022						482,625						—						—						199,942						282,683
Total						482,625						—						—						199,942						282,683

Grant Date						12/31/2022						Granted Shares						Expired/Cancelled						Put option exercise						12/31/2023
2022						643,500						—						—						160,875						482,625
Total						643,500						—						—						160,875						482,625

For the period ending on June 30, 2024, the amount of R$8,364 (June 30, 2023: R$ 16,765) was recognized as employee benefit expenses in the income statement of the Company.

a.3) Restricted shares agreement (RSU) - Inter.

The Extraordinary General Meeting of Inter&Co, Inc. held on January 4, 2023 approved the creation of the Omnibus Incentive Plan, which aims to promote the interests of the Company and its shareholders, strengthening the Company's ability to attract, retain and motivate employees who are expected to make contributions to the Company and to provide these people with incentives to align their interests with those of the Company’s shareholders.

The Omnibus Incentive Plan is managed by the Board of Directors of Inter&Co, Inc., which has the authority to approve program grants to the Company's employees.

On June 1, 2023, the Company granted 2,140,500 restricted share units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on December 1 of 2023, 2024, 2025, and 2026. Additionally, on November 1, 2023, the Company granted 15,000 restricted share units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on October 23 of 2024, 2025, 2026 and 2027, to various executives and employees of the Company and/or its direct or indirect subsidiaries. 553,875 RSUs already vested on December 1, 2023. On June 30, 2024, 65,000 RSUs were canceled/prescribed.

On February 1, 2024, the Company granted 10,000 restricted stock units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on December 1, 2024, 2025, 2026 and 2027 to various executives and employees of Company and/or its direct or indirect subsidiaries.

On April 1, 2024, the Company granted 120,000 restricted share units (RSUs) under the Omnibus Incentive Plan with 25% block vesting schedules to various executives and employees of the Company and/or its direct or indirect subsidiaries . The expected schedules have payment dates until March 4, 2028. On April 1, 2024, 10,000 RSUs were exercised.

Additionally, on April 26, 2024, the Company granted 1,795,000 restricted stock units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on December 1, 2024, 2025, 2026 and 2027. In June 30, 2024 18,750 RSUs were cancelled/prescribed.

On June 4, 2024, the Company granted 60,000 restricted share units (RSUs) under the Omnibus Incentive Plan with 25% block vesting schedules to various executives and employees of the Company and/or its direct or indirect subsidiaries . The expected schedules have payment dates until June 1, 2028.

53

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

See table below:

06/30/2024
Date of grant						Exercise rate per vesting						Fair value of share (in R$)						Remaining term of the vesting period (in years)						Vesting period (years)						Total granted						Total not vested yet
06/01/2023						25%						R$14.15						3.5						4.0						2,140,500						1,521,625
11/01/2023						25%						R$22.99						4.0						4.0						15,000						15,000
02/01/2024						25%						R$25.22						4.0						4.0						10,000						10,000
04/01/2024						25%						R$29.11						4.0						4.0						120,000						110,000
04/26/2024						25%						R$26.27						3.0						4.0						1,795,000						1,776,250
06/04/2024						25%						R$30.35						4.0						4.0						60,000						60,000
Total																														4,140,500						3,492,875

12/31/2023
Date of grant						Exercise rate per vesting						Fair value of share (in R$)						Remaining term of the vesting period (in years)						Vesting period (years)						Total granted						Total not vested yet
06/01/2023						25%						R$14.15						3.5						4.0						2,140,500						1,586,625
11/01/2023						25%						R$22.99						4.0						4.0						15,000						15,000
Total																														2,155,500						1,601,625

In the period ended June 30, 2024, the amount of R$11,154 was recognized as employee benefit expenses in the statement of income.

54

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

36.Transactions with related parties

Transactions with related parties are defined and controlled in accordance with the Related-Party Policy approved by Inter&Co’s Board of Directors. The policy defines and ensures transactions involving Inter and its shareholders or direct or indirect related parties. Transactions related to subsidiaries are eliminated in the consolidation process, not affecting the Unaudited interim condensed consolidated financial statements. Related-party transactions were undertaken as follows:

			Parent Company (a)												Associates (b)												Key management personnel (c)												Other related parties (d)												Total
			06/30/2024						12/31/2023						06/30/2024						12/31/2023						06/30/2024						12/31/2023						06/30/2024						12/31/2023						06/30/2024						12/31/2023
Assets			—						3,839						1,153,011						1,470,694						16,100						16,403						779,070						620,131						1,948,181						2,111,067
Loans and advances to customers			—						3,839						—						—						16,100						16,403						779,070						620,131						795,170						640,373
Amounts due from financial institutions			—						—						1,153,011						1,470,694						—						—						—						—						1,153,011						1,470,694
Liabilities			—						(5,261)						(733)						(9)						(22,573)						(22,391)						(185,218)						(250,608)						(208,524)						(278,269)
Liabilities with customers - Demand deposits			—						—						—						—						(4)						(406)						(48,788)						(47,091)						(48,792)						(47,497)
Liabilities with customers - Term deposits			—						(5,261)						(733)						(9)						(22,569)						(21,985)						(136,430)						(203,517)						(159,732)						(230,772)

			Parent Company (a)												Associates (b)												Key management personnel (c)												Other related parties (d)												Total
			06/30/2024						06/30/2023						06/30/2024						06/30/2023						06/30/2024						06/30/2023						06/30/2024						06/30/2023						06/30/2024						06/30/2023
Profit/ (loss)			(1)						(1,303)						1,482						(219)						(13,580)						(637)						(14,963)						3,556						(27,062)						1,397
Interest income			—						—						1,482						—						62						891						1,638						11,149						3,182						12,040
Interest expenses			—						(1,302)						—						(57)						(955)						(1,380)						(5,122)						(4,604)						(6,077)						(7,343)
Other administrative expenses			(1)						(1)						—						(162)						(12,687)						(148)						(11,479)						(2,989)						(24,167)						(3,300)

(a)    Inter&Co is directly controlled by Costellis International Limited, SBLA Holdings and Hottaire;

(b)     Entities with significant influence by Inter&Co;

(c)     Directors and members of the Board of Directors and Supervisory Board of Inter&Co; and

(d)     Any immediate family members of key management personnel or companies controlled by them, including: companies which are controlled by immediate family members of the controlling shareholder of Inter&Co; companies over which the controlling shareholder or his/hers immediate family members have significant influence; other investors that have significant influence over Inter&Co and their close family members.

Compensation of key management personnel

For the year 2024, the Ordinary General Meeting (AGO) decided on the proposed amount as global remuneration for administrators of up to R$87,864. As of June 30, 2024, an expense was recognized for proceeds in the amount of R$12,804 (R$13,972, as of June 30, 2023).

55

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			Notes to the Unaudited interim condensed consolidated financial statement As of June 30, 2024

    37. Subsequent events

On May 28, 2024, Banco Inter (indirect subsidiary) announced the execution of contracts for the acquisition of the entire share capital of Granito, in the amount of R$112,000, after approval by BACEN that occurred on July 24, 2024. Granito is a Brazilian card payment services company in which Inter held a 50% stake in the shares representing the share capital and, now, has purchased the remaining 50% held by Banco BMG, becoming the sole shareholder of Granito. After the completion of the acquisition, Granito's name will be InterPag.

56

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