<p>SAO PAULO, Feb 3 (Reuters) - Brazilian digital bank C6, which is backed by JPMorgan Chase  (JPM.N) , posted a net profit of 2.46 billion reais ($470.28 million) in 2025, up 8.5% from a year prior, as Chief Executive Officer Marcelo Kalim voiced optimism about 2026.</p>
<h3>BY THE NUMBERS</h3>
<ul>
<li>Net revenue rose 15% to 9.2 billion reais in 2025, while operating expenses fell 9% to 4.2 billion reais.</li>
<li>Return on average equity (ROAE) was 45% last year, down from 60% in 2024.</li>
<li>Provision for doubtful debts increased to 2.5 billion reais in 2025 from 1.9 billion a year prior.</li>
<li>The lender’s credit portfolio grew 49% year-on-year to 89.3 billion reais in December.</li>
<li>Delinquency above 90 days stood at 2.9% at end-December, up from 2.6% a year earlier.</li>
</ul>
<p>2026 OUTLOOK</p>
<ul>
<li>CEO Marcelo Kalim told Reuters that figures for 2026 could likely mirror those seen in 2025.</li>
<li>He pointed out in an interview that the credit portfolio’s size provides “peace of mind,” with the bank starting the year with a high level of revenue and profitability.</li>
<li>Kalim noted that the portfolio may not grow in the same range as last year, but emphasized that, in nominal terms, it should show expansion of the same magnitude.</li>
<li>The executive added that defaults may increase, but stressed that the credit portfolio should remain quite healthy.</li>
</ul>
<p>($1 = 5.2309 reais)</p>

JPMorgan-backed Brazilian digital bank C6 posts 8.5% net profit increase in 2025