StoneCo's credit revenues jumped 153% to BRL 348.5 million, with retail deposits climbing 22.3% to BRL 10.8 billion. However, the cost of risk rose to 21.5% from 20.2% a year earlier. Brazil's benchmark Selic rate holding near 14% (higher than StoneCo's original plan) put over BRL 300 million pressure on 2026 results. Adjusted net income fell 2.6% to BRL 582.7 million, and adjusted gross margin slipped to 43.6% from 44.6%. The company's full-year adjusted gross profit guidance of BRL 6.6 billion to BRL 7.0 billion is now tracking toward the lower end.