Nu Holdings Ltd., operating under the ticker NU.US, has filed its interim condensed consolidated financial statements for the quarter ending March 31, 2024, with the SEC. The report includes unaudited interim condensed consolidated statements of profit or loss, comprehensive income, financial position, changes in equity, and cash flows. The independent auditors, KPMG Auditores Independentes Ltda., have reviewed the statements and expressed a conclusion that nothing has come to their attention to believe that the statements are not prepared, in all material respects, in accordance with IAS 34. The financial results show a significant increase in interest income and gains on financial instruments, fee and commission income, and profit for the period compared to the previous year. The company's assets have also...Show More

Nu Holdings Ltd., operating under the ticker NU.US, has filed its interim condensed consolidated financial statements for the quarter ending March 31, 2024, with the SEC. The report includes unaudited interim condensed consolidated statements of profit or loss, comprehensive income, financial position, changes in equity, and cash flows. The independent auditors, KPMG Auditores Independentes Ltda., have reviewed the statements and expressed a conclusion that nothing has come to their attention to believe that the statements are not prepared, in all material respects, in accordance with IAS 34. The financial results show a significant increase in interest income and gains on financial instruments, fee and commission income, and profit for the period compared to the previous year. The company's assets have also seen growth, with increases in cash and cash equivalents, financial assets at fair value, credit card receivables, and loans to customers. Nu Holdings has also managed its liquidity and capital effectively, maintaining a strong capital adequacy ratio and managing its exposure to various financial risks, including credit, liquidity, market, and foreign exchange risks. The company's CEO, acting as the Chief Operating Decision Maker, reviews the consolidated financial performance and considers the entire group as a single operating and reportable segment.