# EDGAR Filing Document

**Accession Number:** 0001712807
**File Stem:** 0001554855-25-002007
**Filing Date:** 2025-11
**Character Count:** 159181
**Document Hash:** b239beb7d26c6d4e4d7f72c7de9fc8b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001554855-25-002007.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001554855-25-002007

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PagSeguro Digital Ltd.
- **CENTRAL INDEX KEY:** 0001712807
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38353
- **FILM NUMBER:** 251472432

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CONYERS TRUST COMPANY (CAYMAN) LIMITED
- **STREET 2:** CRICKET SQUARE, HUTCHINS DRIVE, POB 2681
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **BUSINESS PHONE:** 55 11 3038 8127

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CONYERS TRUST COMPANY (CAYMAN) LIMITED
- **STREET 2:** CRICKET SQUARE, HUTCHINS DRIVE, POB 2681
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9

**UNITED STATES** <br>**SECURITIES AND EXCHANGE COMMISSION**<br>**Washington, D.C. 20549**

**FORM 6-K**

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

**For the month of November 2025**

**Commission File Number: 001-38353**

**PagSeguro Digital Ltd.**<br>(Name of Registrant)

**Conyers Trust Company (Cayman) Limited,**<br>**Cricket Square, Hutchins Drive, P.O. Box 2681,** <br>**Grand Cayman, KY1-1111, Cayman Islands**<br>(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 ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐ No ☒

------

![Graphics](cab24923147448947e50.jpg)

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for three and nine-month periods ended September 30, 2025 and 2024

Contents

---

| | |
|:---|:---|
| Unaudited condensed consolidated interim financial statements |  |
| [<u>Unaudited condensed consolidated interim balance sheet</u>](#bm_b0d7d2d64fa4551b) | 3<br>|
| [<u>Unaudited condensed consolidated interim statements of income</u>](#bm_8568850a15381510) | 5<br>|
| [<u>Unaudited condensed consolidated interim statements of comprehensive income</u>](#bm_9b0e1187dfbe0057) | 6<br>|
| [<u>Unaudited condensed consolidated interim statement of changes in equity</u>](#bm_1dd7d655f697eb07) | 7<br>|
| [<u>Unaudited condensed consolidated interim statement of cash flows</u>](#bm_b2791a6445e5e9db) | 8<br>|
| [<u>Notes to the unaudited consolidated interim financial statements</u>](#bm_c5354046998a125e) | 9<br>|

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim balance sheet

(All amounts in thousands of reais)

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **September 30, 2025** | **December 31, 2024** |
| **Assets** |  |  |  |
| **Current assets** |  |  |  |
| Cash and cash equivalents | 5 | **1427303**  | 927668  |
| Financial investments | 6 | **459075**  | 487924  |
| Compulsory reserve | 7 | **4087747**  | 4761404  |
| Accounts receivable | 8 | **56625151**  | 57628538  |
| Receivables from related parties | 10 | **10354**  | 9082  |
| Derivative financial instruments | 28 | **-**  | 58470  |
| Inventories |  | **1002**  | 1642  |
| Recoverable taxes | 9 | **365920**  | 551722  |
| Other receivables |  | **215743**  | 194465  |
| **Total current assets** |  | **63192295**  | 64620915  |
| **Non-current assets** |  |  |  |
| Accounts receivable | 8 | **2430574**  | 2174735  |
| Receivables from related parties | 10 | **17468**  | 22767  |
| Recoverable taxes | 9 | **695375**  | 318197  |
| Judicial deposits |  | **111983**  | 79591  |
| Deferred income tax and social contribution | 21 | **75133**  | 95872  |
| Other receivables |  | **103005**  | 89902  |
| Property and equipment | 11 | **2588798**  | 2572336  |
| Intangible assets | 12 | **3070618**  | 2926302  |
| **Total non-current assets** |  | **9092954**  | 8279702  |
| **Total assets** |  | **72285249** | 72900617  |

---

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statement

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim balance sheet

(All amounts in thousands of reais)

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **September 30, 2025** | **December 31, 2024** |
| **Liabilities and equity** |  |  |  |
| **Current liabilities** |  |  |  |
| Payables to third parties | 13 | **9906687**  | 11557648  |
| Checking accounts | 15 | **10480421**  | 12030573  |
| Obligations to FIDC quota holders | 14 | **-**  | 134375  |
| Banking issuances | 16 | **19767388**  | 12677098  |
| Borrowings  | 20 | **2398160**  | 4521503  |
| Derivative financial instruments | 28 | **150498**  | 69969  |
| Trade payables |  | **549292**  | 663229  |
| Dividends payables | 22 | **185714**  | -  |
| Payables to related parties | 10 | **184158**  | 116383  |
| Salaries and social security charges | 17 | **360353**  | 402643  |
| Taxes and contributions | 18 | **259350**  | 280762  |
| Provision for contingencies | 19 | **91381**  | 43820  |
| Deferred revenue |  | **100878**  | 128849  |
| Other liabilities |  | **66738**  | 117630  |
| **Total current liabilities** |  | **44501018**  | 42744482  |
| **Non-current liabilities** |  |  |  |
| Payables to third parties | 13 | **46812**  | 84570  |
| Obligations to FIDC quota holders | 14 | **1128717**  | 1017009  |
| Banking issuances | 16 | **9202111**  | 11412136  |
| Payables to related parties | 10 | **723217**  | 1014863  |
| Deferred income tax and social contribution | 21 | **1629087**  | 1790362  |
| Provision for contingencies | 19 | **87293**  | 71140  |
| Deferred revenue |  | **13053**  | 16579  |
| Other liabilities |  | **65956**  | 81104  |
| **Total non-current liabilities** |  | **12896246**  | 15487763  |
| **Total liabilities** |  | **57397264** | 58232245  |
| **Equity** |  |  |  |
| Share capital | 22 | **26**  | 26  |
| Treasury shares | 22 | **(743309)** | (1367677) |
| Capital reserve | 22 | **4826440**  | 6133863  |
| Retained earnings | 22 | **11006861**  | 10007444  |
| Equity valuation adjustments | 22 | **(22372)** | (22372) |
| Other comprehensive income | 22 | **(179661)** | (82912) |
| **Total equity** |  | **14887985**  | 14668372  |
| **Total liabilities and equity** |  | **72285249** | 72900617  |

---

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim statements of income

For the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Three-month period ended September 30,** | **Three-month period ended September 30,** | **Nine-month period ended September 30,** | **Nine-month period ended September 30,** |
|  | **Note** | **2025** | **2024** | **2025** | **2024** |
| Revenue from transaction activities and other services | 24 | **1992614**  | 2259876  | **5995194**  | 6941189 |
| Financial income | 24 | **2923233**  | 2444778  | **8522795**  | 6389858 |
| Other financial income | 24 | **189563**  | 126838  | **495747**  | 363575 |
| Total revenue and income |  | **5105410**  | 4831492  | **15013736**  | 13694622 |
| Cost of services | 25 | **(2395686)** | (2455377) | **(7166627)** | (6958232) |
| Selling expenses | 25 | **(443740)** | (486981) | **(1319224)** | (1391727) |
| Administrative expenses | 25 | **(190017)** | (268493) | **(659615)** | (715346)  |
| Financial costs | 25 | **(1394977)** | (964335) | **(3852323)** | (2654889) |
| Other income (expenses), net | 25 | **(44558)** | (62766) | **(183361)** | (230794)  |
| Profit before income taxes |  | **636432**  | 593540  | **1832586**  | 1743634 |
| Current income tax and social contribution | 21 | **(46767)** | (11168) | **(306865)** | (165797) |
| Deferred income tax and social contribution | 21 | **(35179)** | (51220)  | **90616**  | (60493)  |
| Income tax and social contribution |  | **(81946)** | (62388) | **(216249)** | (226290) |
| Net income for the period |  | **554486** | 531152  | **1616337** | 1517344  |
| Basic earnings per common share - R$ | 23 | **1.8998** | 1.6726 | **5.4292** | 4.7737 |
| Diluted earnings per common share - R$ | 23 | **1.8802** | 1.6564 | **5.3820** | 4.7215 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim statements of comprehensive income

For the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Three-month period ended September 30,** | **Three-month period ended September 30,** | **Nine-month period ended September 30,** | **Nine-month period ended September 30,** |
|  |  | **2025** | **2024** | **2025** | **2024** |
| Net income for the period |  | **554486**  | 531152  | **1616337** | 1517344  |
| Other comprehensive income that may be reclassified to the statement of income in subsequent periods |  |  |  |  |  |
| Currency translation adjustment | 22 | **(1171)** | 155  | **(211)** | 798  |
| Loss (Gain) on financial assets designated at fair value through OCI | 22 | **(29543)**  | (34652)  | **(144676)** | (33951)  |
| Derivative Financial Instruments designated to hedge accounting through OCI | 22 | **5791** | 212 | **(1409)** | (1295) |
| Income tax and social contribution |  | **7954** | 11710 | **49547** | 11984  |
| Other comprehensive income for the period |  | **537517** | 508577  | **1519588** | 1494880  |

---

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim statement of changes in equity

As of December 31, 2024 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | &nbsp;&nbsp;**Capital reserve** | &nbsp;&nbsp;**Capital reserve** | &nbsp;&nbsp;**Profit reserve** |  |  |  |
|  | &nbsp;&nbsp;**Note** | &nbsp;&nbsp;**Share capital** | &nbsp;&nbsp;**Treasury shares** | &nbsp;&nbsp;**Capital reserve** | &nbsp;&nbsp;**Share-based long-term incentive plan (LTIP)** | &nbsp;&nbsp;**Retained earnings** | **Equity valuation adjustments** | &nbsp;&nbsp;**Other comprehensive income** | &nbsp;&nbsp;**Total equity** |
| &nbsp;&nbsp;**On December 31, 2023** |  | **26**  | **(760317)** | **5828754**  | **303991**  | **7891076**  | **(22372)** | **(473)** | **13240685**  |
| &nbsp;&nbsp;Net income for the period | &nbsp;&nbsp;22 | -  | -  | -  | -  | 1517344  | -  | -  | 1517344  |
| &nbsp;&nbsp;Currency translation adjustment  | &nbsp;&nbsp;22 | -  | -  | -  | -  | -  | -  | 798  | 798  |
| &nbsp;&nbsp;Loss on financial assets through OCI | &nbsp;&nbsp;22 | -  | -  | -  | -  | -  | -  | (22408)  | (22408)  |
| &nbsp;&nbsp;Loss on derivative financial instruments through OCI | &nbsp;&nbsp;22 | -  | -  | -  | -  | -  | -  | (853) | (853) |
| &nbsp;&nbsp;Capital reserve | &nbsp;&nbsp;22 | - | - | (39) | - | - | - | - | (39) |
| &nbsp;&nbsp;Share based long term incentive plan (LTIP) | &nbsp;&nbsp;22 | -  | -  | -  | 135012  | -  | -  | -  | 135012  |
| &nbsp;&nbsp;Acquisition of treasury shares | &nbsp;&nbsp;22 | - | (427721) | - | - | - | - | - | (427721) |
| (LTIP) of treasury shares | &nbsp;&nbsp;22 | -  | 177099  | -  | (177099) | -  | -  | -  | -  |
| &nbsp;&nbsp;**On September 30, 2024** |  | 26  | (1010939) | 5828715  | 261904  | 9408419  | (22372) | (22936) | 14442818  |
| &nbsp;&nbsp;**On December 31, 2024** |  | 26  | (1367677) | 5828279  | 305584  | 10007444  | (22372) | (82912) | 14668372  |
| &nbsp;&nbsp;Net income for the period | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **-**  | **1616337**  | **-**  | **-**  | **1616337**  |
| &nbsp;&nbsp;Currency translation adjustment  | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  | **(211)** | **(211)** |
| &nbsp;&nbsp;Loss on financial assets through OCI | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  | **(95486)** | **(95486)** |
| &nbsp;&nbsp;Loss on derivative Financial Instruments through OCI | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  | **(1051)** | **(1051)** |
| &nbsp;&nbsp;Capital Reserve | &nbsp;&nbsp;**22** | **-**  | **-**  | **(1762)** | **-**  | **-**  | **-**  | **-**  | **(1762)** |
| &nbsp;&nbsp;Dividends paid | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **-**  | **(431206)** | **-**  | **-**  | **(431206)** |
| &nbsp;&nbsp;Dividends payables | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **-**  | **(185714)** | **-**  | **-**  | **(185714)** |
| &nbsp;&nbsp;Share based long term incentive plan (LTIP) | &nbsp;&nbsp;**22** | **-**  | **-**  | **-**  | **62821**  | **-**  | **-**  | **-**  | **62821**  |
| &nbsp;&nbsp;Acquisition of treasury shares | &nbsp;&nbsp;**22** | **-**  | **(744115)** | **-**  | **-**  | **-**  | **-**  | **-**  | **(744115)** |
| &nbsp;&nbsp;Share cancellation | &nbsp;&nbsp;**22** | **-**  | **1208680**  | **(1208680)** | **-** | **-** | **-** | **-** | **-**  |
| (LTIP) of treasury shares | &nbsp;&nbsp;**22** | **-**  | **159803**  | **-**  | **(159803)** | **-**  | **-**  | **-**  | **-**  |
| &nbsp;&nbsp;**On September 30, 2025** |  | **26**  | **(743309)** | **4617837**  | **208603**  | **11006861**  | **(22372)** | **(179661)** | **14887985**  |

---

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Unaudited condensed consolidated interim statement of cash flows

For the nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais)

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Nine-month periods ended September 30,** | **Nine-month periods ended September 30,** |
|  | **Note** | **2025** | **2024** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |  |  |
| **Profit before income taxes** |  | **1832586**  | 1743634 |
| &nbsp;&nbsp;&nbsp;**Expenses (revenues) not affecting cash:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 25 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1348762**  | 1175712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Losses | 25 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269321**  | 335402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrual of provision for contingencies | 19 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92451**  | 21978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share based long term incentive plan (LTIP) | 22 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62821**  | 135013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on disposal of property, equipment, intangible and investment assets | 11/12 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125962**  | 136494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Financial Instruments, net |  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13696)** | (954) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest accrued |  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1737841**  | 667932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other (income) cost, net |  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1278)** | 2395 |
| &nbsp;&nbsp;&nbsp;**Changes in operating assets and liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  | **(3432483)** | (15646034) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compulsory reserves |  | **1095424**  | (1418255) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories |  | **-**  | 4058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoverable taxes |  | **(75005)** | (56329) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other receivables |  | **(64193)** | (86080) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue |  | **(31497)** | 6962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities |  | **(64279)** | 19288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payables to third parties |  | **(1657728)** | 739092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts |  | **(2202145)** | (1013223) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligations to FIDC quota holders | 14 | **(149392)** | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade payables |  | **(112021)** | 92136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables from (payables to) related parties |  | **(321380)** | 533633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banking Issuances |  | **5077541**  | 8526200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salaries and social charges |  | **(42290)** | 47619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes and contributions |  | **(191196)** | (56109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for contingencies | 19 | **(38010)** | (26208) |
|  |  | **3246116** | (4115643) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax and social contribution paid  |  | **(143662)** | (128677) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income received (paid) |  | **2532224**  | 1428943 |
| **NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES** |  | **5634678** | (2815377) |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment | 11 | **(813443)** | (916093) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases and development of intangible assets | 12 | **(876918)** | (864492) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redemption (Acquisition) of financial investments |  | **90905**  | 232716 |
| **NET CASH USED IN INVESTING ACTIVITIES** |  | **(1599456)** | (1547869) |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 20 | **4748000**  | 5398160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of borrowings and interest | 20 | **(7065366)** | (2752823) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition of treasury shares | 22 | **(744115)** | 427721) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of leases | 11 | **(14891)** | (13716) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Financial Instruments, net |  | **(28009)** | (19523) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distribution of dividends  | 22 | **(431206)** | - |
| **NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES** |  | **(3535586)**  | 2184292 |
| **INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS** |  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499635**  | (2178954) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents at the beginning of the period | 5 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927668**  | 2899060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents at the end of the period | 5 | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1427303**  | 720106 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**1.**&nbsp;&nbsp;&nbsp;&nbsp; **General information**

PagSeguro Digital Ltd., ("PagSeguro Digital" or the "Company"), is a holding company with its principal executive office located in Cayman Islands, subsidiary of Universo Online S.A. ("UOL"), referred to, together with its subsidiaries, as the "PagSeguro Group" or the "Group", and was incorporated on July 19, 2017. A total of 99.99% of the shares of PagSeguro Internet Instituição de Pagamento S.A. ("PagSeguro Brazil") were contributed to PagSeguro Digital on January 4, 2018 and in August, 2025 the PagSeguro Brazil shares was transferred to BS Holding Financeira Ltda ("BS Holding"), a subsidiary of PagSeguro Digital.

PagSeguro Brazil is a privately held corporation established on December 20, 2006, and engages in providing financial technology solutions and services and corresponding related activities, focused principally on micro-merchants and small and medium-sized businesses ("SMBs").

In June 2024, PagSeguro Digital acquired 5% of Fundo de Investimento em Direitos Creditórios – PagSeguro ("FIDC") shares from its subsidiary PagSeguro Brazil, which together with the 15% of FIDC shares previously acquired resulted in PagSeguro Digital owning 20% of the share capital of the fund.

On June 28, 2024, PagSeguro Group constituted an investment fund as a subsidiary of PagSeguro Brazil called Fundo de Investimento em Direitos Creditórios – Pagbank Multiadquirencia ("FIDM"). The objective of this fund is to anticipate third-party assignments in accordance with market operations.

In January and February, 2025, the subsidiaries Yamí and Zygo was incorporated by Pag Participações.

In April, 2025, PagSeguro Group constituted a new company as a subsidiary of PSHC called PSGP México Aggregator S. de R.L. de C.V ("PBMX México") and is still pre-operational.

The subsidiaries of PagSeguro Digital are PagSeg Participações Ltda. ("PagSeg"), BS Holding, Pag Participações Ltda ("Pag Participações") and PagSeguro Holding Ltd. ("PSHC"). The PagSeguro Group subsidiaries are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; BS Holding subsidiaries are Pagseguro Brazil, BancoSeguro S.A. ("BancoSeguro") and PagInvest CTVM Ltda. ("PagInvest").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; PagSeguro Brazil subsidiaries are PagSeguro Biva Securitizadora de Créditos Financeiras S.A. ("Biva Sec"), FIDC, Wirecard Brazil S.A. ("MOIP"), Concil Inteligência em Conciliação S.A. ("Concil"), NETPOS Serviços de Informática LTDA ("NetPos") and FIDM.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**1.** **General information** (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; PagSeg subsidiaries are Net+Phone Telecomunicações Ltda. ("Net+Phone"), PagSeguro Tecnologia Ltda. ("PagSeguro Tecnologia"), BCPS Online Services Lda. ("BCPS"), CDS Serviços Financeiros Ltda, ("CDS"), PagSeguro Biva Serviços Financeiros Ltda. ("Biva Serviços") and PagBank Participações Ltda. ("Pag Participações").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; Pag Participações subsidiary is Tilix Digital Ltda. ("TILIX").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; PSHC subsidiaries are PagSeguro Chile SPA ("PagSeguro Chile"), PagSeguro Colombia S.A.S ("PagSeguro Colombia"), PSGP México S.A de C.V. ("PSGP Mexico") and PagSeguro Peru S.A.C. ("PagSeguro Peru") and PBMX México.

These unaudited condensed consolidated interim financial statements include BS Holding, PagSeg, Pag Participações, PSHC and corresponding subsidiaries.

**2. Presentation and preparation of the unaudited condensed consolidated interim financial statements and material accounting policies**

&nbsp;&nbsp;&nbsp;&nbsp;**2.1. Basis of preparation of the condensed consolidated interim financial information**

These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard 34, "Interim Financial Reporting" as issued by the International Accounting Standards Board ("IASB®") and the International Financial Reporting Standards ("IFRS®"), disclose all (and only) the applicable significant information related to the financial statements, which is consistent with the information utilized by management in the performance of its duties. The consolidated interim financial statements are presented in thousands of Brazilian reais, unless otherwise indicated, which is the functional currency of PagSeguro Group.

These unaudited condensed consolidated interim financial statements as of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024 ("Interim Financial Statements") were authorized for issuance by the PagSeguro Digital's Board of Directors on November 10, 2025.

An entity shall include in its interim financial report an explanation of events and transactions that are significant to an understanding of the changes in financial position and performance of the entity since the end of the last annual reporting period. Information disclosed in relation to those events and transactions shall update the relevant information presented in the most recent annual financial report.

These Interim Financial Statements do not include all the notes of the type normally included in an annual consolidated financial statement. Accordingly, this report is to be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2024 (the "Annual Financial Statements").

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**2. Presentation and preparation of the unaudited condensed consolidated interim financial statements and material accounting policies** (continued)

The accounting policies and critical accounting estimates and judgments adopted are consistent with those of the previous financial year and corresponding interim reporting period, except for the adoption of new and amended IFRS Accounting Standards as set out below.

&nbsp;&nbsp;&nbsp;&nbsp;**2.2. New accounting standards adopted in 2025**

The Pagseguro Group has applied the following amendments for the first time from January 1, 2025:

-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment to IAS 21 "Lack of Exchangeability": issued in August 2023, with the objective of clarifying entities to determine whether a currency is exchangeable into another currency, and which spot exchange rate to use when it is not. The amendments to IAS 21 are effective as of January 1, 2025. The implementation did not have impacts in the financial results.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**3.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consolidation of subsidiaries**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
| **Company** | **Assets** | **Liabilities** | **Equity** | **Net income (loss) for the period** | **Ownership - %**  | **Level** |
| BancoSeguro (i) | **47141172** | **45688026** | **1453146** | **58219** | **100.00**  | **Indirect** |
| BCPS | **4306** | **340** | **3966** | **296** | **100.00**  | **Indirect** |
| Biva Serviços  | **514907** | **20168** | **494739** | **31826** | **99.99**  | **Indirect** |
| BS Holding | **10961165** | **733** | **10960432** | **252652** | **100.00**  | **Direct** |
| BSEC | **903182** | **763411** | **139771** | **54106** | **99.99**  | **Indirect** |
| CDS | **245601** | **5771** | **239830** | **14899** | **99.99**  | **Indirect** |
| Concil | **370760** | **3535** | **367225** | **24081** | **100.00**  | **Indirect** |
| FIDC | **5853815** | **1604060** | **4249755** | **4034561** | **100.00**  | **Indirect** |
| FIDM | **64856** | **3587**  | **61269** | **7801** | **100.00**  | **Indirect** |
| MOIP | **774009** | **39225** | **734784** | **45674** | **100.00**  | **Indirect** |
| Net+Phone  | **760292** | **122758** | **637534** | **99983** | **99.99**  | **Indirect** |
| Netpos | **11091** | **3887** | **7204** | **2328** | **100.00**  | **Indirect** |
| Pag Participações | **470305** | **6955** | **463350** | **28471** | **99.99**  | **Indirect** |
| Paginvest Corretora | **15282** | **1564** | **13718** | **(3125)** | **99.99**  | **Indirect** |
| Pagseg Participações | **2602924** | **1** | **2602923** | **208264** | **99.99**  | **Direct** |
| Pagseguro Brazil | **70866838** | **61397526** | **9469312** | **645110** | **99.99**  | **Indirect** |
| Pagseguro Chile | **12238** | **7782**  | **4456** | **162** | **100.00**  | **Indirect** |
| Pagseguro Colombia | **9280** | **6410**  | **2870** | **(1077)** | **100.00**  | **Indirect** |
| Pagseguro Holding | **19611** | **4732**  | **14879** | **(2037)** | **99.99**  | **Direct** |
| Pagseguro Peru | **12141** | **8788** | **3353** | **1391** | **100.00**  | **Indirect** |
| PagSeguro Tecnologia | **888643** | **125158** | **763485** | **32794** | **99.99**  | **Indirect** |
| PSGP México | **7499** | **4234**  | **3265** | **(2383)** | **100.00**  | **Indirect** |
| TILIX | **409565** | **1920** | **407645** | **14443** | **99.99**  | **Indirect** |

---

&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp; On September 2025, the share capital of BancoSeguro increased in the amount of R$500 million.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  | As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  | As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  | As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  | As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  | As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  | As of December 31, 2024 (except for net income, that is presented to nine-month period ended September 30, 2024)  |
| **Company** | **Assets** | **Liabilities** | **Equity** | **Net income (loss) for the period** | **Ownership - %**  | **Level** |
| BancoSeguro | 43106305  | 42211043  | 895262 | 107569 | 99.99 | Indirect |
| BCPS | 2992 | 427 | 2565 | 1985 | 99.99 | Indirect |
| Biva Serviços  | 472218 | 9305 | 462913 | 9305 | 99.99 | Indirect |
| BS Holding | 934868 | 186 | 934682 | 108566 | 100.00 | Direct |
| BSEC | 1260807  | 1174727  | 86080 | 27624 | 99.99 | Indirect |
| CDS | 230198 | 5267 | 224931 | 10964 | 99.99 | Indirect |
| Concil | 346202 | 3033 | 343169 | 21691 | 100.00 | Indirect |
| FIDC | 6589019  | 1630197  | 4958822  | 2820980  | 100.00 | Indirect |
| FIDM | 19088 | 834 | 18254 | 1588 | 99.99 | Indirect  |
| MOIP | 725791 | 36681 | 689110 | 54005 | 100.00 | Indirect |
| Net+Phone  | 653617 | 116066 | 537551 | 110412 | 99.99 | Indirect |
| Netpos | 7443 | 2539 | 4904 | 2134 | 100.00 | Indirect |
| Pag Participações | 457670 | 22793 | 434877 | 19170 | 99.99 | Indirect |
| Paginvest Corretora | 17625 | 782 | 16843 | 658 | 99.99 | Indirect |
| Pagseg Participações | 2394423  | 870 | 2393553  | 229336 | 99.99 | Direct |
| Pagseguro Brazil | 70372095  | 60488640  | 9883455  | 734356 | 99.99 | Direct |
| Pagseguro Chile | 20023 | 15299 | 4724 | (2442) | 100.00 | Indirect |
| Pagseguro Colombia | 11433 | 11245 | 188 | 157) | 100.00 | Indirect |
| Pagseguro Holding | 10060 | 2226 | 7834 | (5831) | 99.99 | Direct |
| Pagseguro Peru | 11915 | 9210 | 2705 | (818) | 100.00 | Indirect |
| PagSeguro Tecnologia | 2179351  | 1448659  | 730692 | 77512 | 99.99 | Indirect |
| PSGP México | 2320 | 4183 | (1863) | (2414) | 100.00 | Indirect |
| TILIX | 54734 | 1532 | 53202 | 2915 | 100.00 | Indirect |
| Yamí | 142865 | 247 | 142618 | 6098 | 99.99 | Indirect |
| ZYGO | 228606 | 267 | 228339 | 10675 | 100.00 | Indirect |

---

The operational context of the subsidiaries is to be read in conjunction with the annual financial statements for the year ended December 31, 2024.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**4. Segment reporting**

Operating segments are determined based on the information reported and reviewed by the chief operating decision maker ("CODM"). The Board of Directors has been identified as the CODM and is responsible for allocating resources and assessing the performance of the business and to make PagSeguro Group's strategic decisions.

Considering that all decisions are based on consolidated reports, and that all decisions related to strategic and financial planning, purchases, investments, and the allocation of funds are made on a consolidated basis, the PagSeguro Group and its subsidiaries operate in a single segment, as financial service agents.

Main companies of PagSeguro Group are domiciled in Brazil and have revenue arising from local customers and customers located abroad. The main revenue is related to sales from the domestic market. The revenue from international market represents 0.8% and 0.9% for the three and nine-month periods ended September 30, 2025 (1.9% and 1.3% for the three and nine-month periods ended September 30, 2024, respectively).

**5. Cash and cash equivalents**

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| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Short-term bank deposits | **777,701**  | 510,975 |
| Short-term investment | **649,602**  | 416,693 |
|  | **1,427,303**  | 927,668 |

---

Cash and Cash Equivalents are held for the purpose of meeting short-term cash needs and include cash on hand, deposits with banks and other short-term highly liquid investments with original maturities of three-month or less and with immaterial risk of change in value.

Short-term bank deposits are mainly represented by amounts to cover instant payments (PIX), cash on ATMs and client payments.

Short-term investments are mainly represented by voluntary deposits in Brazilian Central Bank ("BACEN") not related to any compulsory reserve with highly liquid investments with original maturities of three-month or less, with an average return of 100% of the CDI (14.9% per year as of September 30, 2025 and 12.15% per year as of December 31, 2024).

**6.**&nbsp;&nbsp;&nbsp;&nbsp; **Financial investments**

Consists mainly of investments in Brazilian Treasury Bonds ("LFTs") and financial letters in the amount of R$459,075 as of September 30, 2025 (R$487,294 as of December 31, 2024) with an average return of 100% of the CDI (14.90% per year as of September 30, 2025 and 12.15% per year as of December 31, 2024), with original maturities greater than three-month, but not related to any compulsory reserve. The LFTs were classified as fair value through other comprehensive income and financial letters as amortized cost. Unrealized accumulated OCI effects on LFTs for the nine-month periods ended in September 30, 2025 and 2024 as disclosed on note 22.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**7.**&nbsp;&nbsp;&nbsp;&nbsp; **Compulsory reserve** 

Consists in investments to comply with requirements for authorized payments institutions and to support the operations for financial institutions as set forth by the Brazilian Central Bank in the amount of R$4,087,747 as of September 30, 2025 (R$4,761,404 on December 31, 2024) with an average return of 100% of the CDI (14.90% per year as of September 30, 2025 and 12.15% per year as of December 31, 2024). The LFTs were classified as fair value through other comprehensive income and compulsory reserve as amortized cost. Unrealized accumulated OCI effects on LFTs for the nine-month periods ended in September 30, 2025 and 2024 as disclosed on note 22.

**8.**&nbsp;&nbsp;&nbsp;&nbsp; **Accounts receivable**

The composition of the accounts receivables are as follows:

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| | | |
|:---|:---|:---|
|  | **September 30, 2025** | December 31, 2024 |
| Card Issuers and acquirers – Amortized cost (i)  | **51336720**  | 54699240  |
| Card Issuers and acquirers - FVOCI (i)  | **3819897**  | 1819020  |
| Other accounts receivable (ii) | **60761**  | 132220  |
| Total card issuers, acquirers and others | **55217378**  | 56650480  |
| Payroll loans, net (iii) | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2918984**  | 2480074  |
| Credit card receivables, net (iii)  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701401**  | 660113  |
| Other loans, net (iii) | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217962**  | 12606  |
| Total credit receivables | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3838347**  | 3152793  |
| **Total accounts receivable** | **59055725**  | 59803273  |
| **Current**  | **56625151**  | 57628538  |
| **Non – Current** | **2430574**  | 2174735  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Card issuers: receivables derived from transactions where PagSeguro Brazil acts as the financial intermediary in operations with the issuing banks, related to the intermediation agreements between PagSeguro Brazil and Visa, Mastercard, Hipercard, Amex or Elo. However, PagSeguro Brazil's contractual accounts receivable is with the financial institutions, which are the legal obligors on the accounts receivable payment. Additionally, amounts due within 27 days of the original transaction, including those that fall due with the first installment of installment receivables, are guaranteed by Visa, Mastercard, Hipercard, Amex or Elo, as applicable, if the legal obligors do not make the payment. Acquirers refers to card processing transactions to be received from the acquirers, which are a third parties acting as financial intermediaries between the issuing bank and PagSeguro Brazil. The Group has identified certain receivables from Card Issuers and Acquirers which are managed separately. The Group assessed that the appropriate business model of some Card Issuers and Acquirers originated after September of 2024 which is held by the Group as part of liquidity management is held to collect and sell and measured at FVOCI. Therefore, part of receivables, in the amount of R$3,819,897 (R$1,819,020 in December 31, 2024), changed from amortized cost to fair value through other comprehensive income. Unrealized loss in the accounts receivable mark-to-market, net of taxes, in the nine-month ended September 30, 2025, totaled R$95,376 (R$23,035 in the nine-month ended September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Refers to other dispersed receivables from legal obligors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Payroll Loans, Credit Cards receivables and Other Loans are presented net of the ECL ("expected credit losses") and are measured according to the IFRS 9, using: Exposure at Default (EAD) related to the exposed credit risk at default; Probability of Default (PD) related to the probability of the counterparty not meeting its contractual payment obligations; and Loss Given Default (LGD) related to the percentage of the exposure that is not expected to be recovered in the event of default. In addition to the methodology for calculating the allowance for impairment (EAD x PD x LGD). The Group takes into consideration the forward-looking information and assumptions such as the historical loss experienced at individual transactions level, credit quality and guarantees, economic factors and estimated future cash flows, which could impact the calculation model for provisioning expected credit losses.

The maturity analysis of accounts receivables are as follows:

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**December 31, 2024** |
| &nbsp;&nbsp;Past due | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327889**  | &nbsp;&nbsp; 272294  |
| &nbsp;&nbsp;Due within 30 days | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21960461**  | &nbsp;&nbsp;21753323  |
| &nbsp;&nbsp;Due within 31 to 120 days | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21153173**  | &nbsp;&nbsp;22136842  |
| &nbsp;&nbsp;Due within 121 to 180 days | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6657751**  | &nbsp;&nbsp;6617991  |
| &nbsp;&nbsp;Due within 181 to 365 days | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6840367**  | &nbsp;&nbsp;7132708  |
| &nbsp;&nbsp;Due after 365 days | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2430657**  | &nbsp;&nbsp;2174735  |
| &nbsp;&nbsp;Expected credit losses | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (314572)** | &nbsp;&nbsp;(284620) |
|  | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59055725**  | &nbsp;&nbsp; 59803273  |

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

&nbsp;&nbsp;&nbsp;&nbsp;**8.**&nbsp;&nbsp;&nbsp;&nbsp; **Accounts receivable** (continued)

The maturity analysis of credit receivables as of September 30, 2025 and December 31, 2024 are as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** |
|  | &nbsp;&nbsp;**Payroll loans**  | &nbsp;&nbsp;**Credit card receivables** | &nbsp;&nbsp;**Other loans** | &nbsp;&nbsp;**TOTAL** |
| &nbsp;&nbsp;**Past due** | &nbsp;&nbsp;**57335**  | &nbsp;&nbsp;**154414**  | &nbsp;&nbsp;**116140**  | &nbsp;&nbsp;**327889**  |
| &nbsp;&nbsp;**Due within 30 days** | &nbsp;&nbsp;**43308**  | &nbsp;&nbsp;**296684**  | &nbsp;&nbsp;**63554**  | &nbsp;&nbsp;**403546**  |
| &nbsp;&nbsp;**Due within 31 to 120 days** | &nbsp;&nbsp;**269606**  | &nbsp;&nbsp;**185971**  | &nbsp;&nbsp;**72026**  | &nbsp;&nbsp;**527603**  |
| &nbsp;&nbsp;**Due within 121 to 180 days** | &nbsp;&nbsp;**169124**  | &nbsp;&nbsp;**117527**  | &nbsp;&nbsp;**34943**  | &nbsp;&nbsp;**321594**  |
| &nbsp;&nbsp;**Due within 181 to 360 days** | &nbsp;&nbsp;**453050**  | &nbsp;&nbsp;**69904**  | &nbsp;&nbsp;**49586**  | &nbsp;&nbsp;**572540**  |
| &nbsp;&nbsp;**Due after 360 days** | &nbsp;&nbsp;**1981585**  | &nbsp;&nbsp;**4394**  | &nbsp;&nbsp;**13768**  | &nbsp;&nbsp;**1999747**  |
|  | &nbsp;&nbsp;**2974008**  | &nbsp;&nbsp;**828894**  | &nbsp;&nbsp;**350017**  | &nbsp;&nbsp;**4152919**  |
| &nbsp;&nbsp;**Expected credit losses** | &nbsp;&nbsp;**(55024)** | &nbsp;&nbsp;**(127493)** | &nbsp;&nbsp;**(132055)** | &nbsp;&nbsp;**(314572)** |
| &nbsp;&nbsp;**Receivables net of ECL** | &nbsp;&nbsp;**2918984**  | &nbsp;&nbsp;**701401**  | &nbsp;&nbsp;**217962**  | &nbsp;&nbsp;**3838347**  |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**December 31, 2024** | &nbsp;&nbsp;**December 31, 2024** | &nbsp;&nbsp;**December 31, 2024** | &nbsp;&nbsp;**December 31, 2024** |
|  | &nbsp;&nbsp;**Payroll loans** | &nbsp;&nbsp;**Credit card receivables** | &nbsp;&nbsp;**Other loans** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Past due | &nbsp;&nbsp;21530  | &nbsp;&nbsp; 126769  | &nbsp;&nbsp;123995  | &nbsp;&nbsp; 272294  |
| &nbsp;&nbsp;Due within 30 days | &nbsp;&nbsp;71676  | &nbsp;&nbsp; 300225  | &nbsp;&nbsp; 1025  | &nbsp;&nbsp; 372926  |
| &nbsp;&nbsp;Due within 31 to 120 days | &nbsp;&nbsp;226039  | &nbsp;&nbsp; 178304  | &nbsp;&nbsp; 3221  | &nbsp;&nbsp; 407564  |
| &nbsp;&nbsp;Due within 121 to 180 days | &nbsp;&nbsp;140796  | &nbsp;&nbsp; 108802  | &nbsp;&nbsp; 1219  | &nbsp;&nbsp; 250817  |
| &nbsp;&nbsp;Due within 181 to 360 days | &nbsp;&nbsp;377272  | &nbsp;&nbsp;60163  | &nbsp;&nbsp; 4808  | &nbsp;&nbsp; 442243  |
| &nbsp;&nbsp;Due after 360 days | &nbsp;&nbsp;1678835  | &nbsp;&nbsp;3733  | &nbsp;&nbsp; 9002  | &nbsp;&nbsp;1691570  |
|  | &nbsp;&nbsp;2516148  | &nbsp;&nbsp; 777996  | &nbsp;&nbsp;143270  | &nbsp;&nbsp;3437414  |
| &nbsp;&nbsp;Expected credit losses | &nbsp;&nbsp;(36074) | &nbsp;&nbsp;(117883) | &nbsp;&nbsp; (130664) | &nbsp;&nbsp; (284621) |
| &nbsp;&nbsp;Receivables net of ECL | &nbsp;&nbsp;2480074  | &nbsp;&nbsp; 660113  | &nbsp;&nbsp; 12606  | &nbsp;&nbsp;3152793  |

---

For the credit receivables, the weighting of objective factors plus the analysis of the coverage percentage of accessory guarantees leads to the customer rating that allows the grouping of customers with similar credit risks and classification into one of the following stages as suggested by IFRS9:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** |
|  | &nbsp;&nbsp;**Credit amount** | &nbsp;&nbsp;**Exposure off balance**<br>**credit limits not used** | &nbsp;&nbsp;**Expected credit losses** |
| &nbsp;&nbsp;**Payroll Loans** |  |  |  |
| &nbsp;&nbsp;**Stage 1** | &nbsp;&nbsp;**2922860**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(11938)** |
| &nbsp;&nbsp;**Stage 2** | &nbsp;&nbsp;**8741**  | &nbsp;&nbsp;**-**  | **(852)** |
| &nbsp;&nbsp;**Stage 3** | &nbsp;&nbsp;**42407**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(42234)** |
| &nbsp;&nbsp;**Credit Card Receivables** |  |  |  |
| &nbsp;&nbsp;**Stage 1** | &nbsp;&nbsp;**657945**  | &nbsp;&nbsp;**1563262**  | &nbsp;&nbsp;**(17616)** |
| &nbsp;&nbsp;**Stage 2** | &nbsp;&nbsp;**65402**  | &nbsp;&nbsp;**18409**  | &nbsp;&nbsp;**(14836)** |
| &nbsp;&nbsp;**Stage 3** | &nbsp;&nbsp;**105547**  | &nbsp;&nbsp;**1796**  | &nbsp;&nbsp;**(95041)** |
| &nbsp;&nbsp;**Other Loans** |  |  |  |
| &nbsp;&nbsp;**Stage 1** | &nbsp;&nbsp;**225239**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(11503)** |
| &nbsp;&nbsp;**Stage 2** | &nbsp;&nbsp;**2248**  | &nbsp;&nbsp;**-**  | **(920)** |
| &nbsp;&nbsp;**Stage 3** | &nbsp;&nbsp;**122530**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(119632)** |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**4152919**  | &nbsp;&nbsp;**1583467**  | &nbsp;&nbsp;**(314572)** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**December 31, 2024** | &nbsp;&nbsp;**December 31, 2024** | &nbsp;&nbsp;**December 31, 2024** |
|  | &nbsp;&nbsp;**Credit amount** | &nbsp;&nbsp;**Exposure off balance**<br>**credit limits not used** | &nbsp;&nbsp;**Expected credit losses** |
| &nbsp;&nbsp;Payroll Loans |  |  |  |
| &nbsp;&nbsp;Stage 1 | &nbsp;&nbsp;2480231  | &nbsp;&nbsp; -  | &nbsp;&nbsp; (8564) |
| &nbsp;&nbsp;Stage 2 | &nbsp;&nbsp;9044  | &nbsp;&nbsp; -  | (887) |
| &nbsp;&nbsp;Stage 3 | &nbsp;&nbsp;26873  | &nbsp;&nbsp; -  | &nbsp;&nbsp; (26623) |
| &nbsp;&nbsp;Credit Card Receivables |  |  |  |
| &nbsp;&nbsp;Stage 1 | &nbsp;&nbsp;638249  | &nbsp;&nbsp;1222409  | &nbsp;&nbsp; (17595) |
| &nbsp;&nbsp;Stage 2 | &nbsp;&nbsp;40297  | &nbsp;&nbsp;25017  | &nbsp;&nbsp; (9127) |
| &nbsp;&nbsp;Stage 3 | &nbsp;&nbsp;99450  | &nbsp;&nbsp;1021  | &nbsp;&nbsp; (91161) |
| &nbsp;&nbsp;Other Loans |  |  |  |
| &nbsp;&nbsp;Stage 1 | &nbsp;&nbsp;17415  | &nbsp;&nbsp; -  | &nbsp;&nbsp; (5235) |
| &nbsp;&nbsp;Stage 2 | &nbsp;&nbsp;22  | &nbsp;&nbsp; -  | (17) |
| &nbsp;&nbsp;Stage 3 | &nbsp;&nbsp;125833  | &nbsp;&nbsp; -  | &nbsp;&nbsp; (125411) |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;3437414  | &nbsp;&nbsp;1248447  | &nbsp;&nbsp; (284620) |

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

&nbsp;&nbsp;&nbsp;&nbsp;**8.**&nbsp;&nbsp;&nbsp;&nbsp; **Accounts receivable** (continued)

The reconciliation of credit portfolio operations segregated by stages:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Stage 1**  | &nbsp;&nbsp;**December 31, 2024**  | &nbsp;&nbsp;**Transfer to Stage 2**  | &nbsp;&nbsp;**Transfer to Stage 3**  | &nbsp;&nbsp;**Cure from Stage 2**  | &nbsp;&nbsp;**Cure From Stage3**  | &nbsp;&nbsp;**Write-off**  | &nbsp;&nbsp;**Additions/Reversals**  | &nbsp;&nbsp;**September 30, 2025**  |
| &nbsp;&nbsp; Payroll Loans  | &nbsp;&nbsp;2480231  | &nbsp;&nbsp;**(33961)** | **(377)** | &nbsp;&nbsp;**2876**  | &nbsp;&nbsp;**1001**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**473090**  | &nbsp;&nbsp;**2922860**  |
| &nbsp;&nbsp; Credit card receivables  | &nbsp;&nbsp;638250  | &nbsp;&nbsp;**(251471)** | **(1)** | &nbsp;&nbsp;**97700**  | &nbsp;&nbsp;**158**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**173310**  | &nbsp;&nbsp;**657946**  |
| &nbsp;&nbsp; Other Loans  | &nbsp;&nbsp;17415  | &nbsp;&nbsp;**(3646)** | **(17)** | &nbsp;&nbsp;**248**  | &nbsp;&nbsp;**6**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**211233**  | &nbsp;&nbsp;**225239**  |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**3135896**  | &nbsp;&nbsp;**(289078)** | **(395)** | &nbsp;&nbsp;**100824**  | &nbsp;&nbsp;**1165**  |  | &nbsp;&nbsp;**857633**  | &nbsp;&nbsp;**3806045**  |
| &nbsp;&nbsp;**Stage 2**  | &nbsp;&nbsp;**December 31, 2024**  | &nbsp;&nbsp;**Transfer from Stage 1**  | &nbsp;&nbsp;**Transfer to Stage 3**  | &nbsp;&nbsp;**Cure to Stage 1**  | &nbsp;&nbsp;**Cure from Stage 3**  | &nbsp;&nbsp;**Write-off**  | &nbsp;&nbsp;**Additions/Reversals**  | &nbsp;&nbsp;**September 30, 2025**  |
| &nbsp;&nbsp; Payroll Loans  | &nbsp;&nbsp;9044  | &nbsp;&nbsp;**33961**  | &nbsp;&nbsp;**(31396)** | &nbsp;&nbsp;**(2876)** | &nbsp;&nbsp;**118**  | &nbsp;&nbsp;**-**  | **(110)** | &nbsp;&nbsp;**8741**  |
| &nbsp;&nbsp; Credit card receivables  | &nbsp;&nbsp;40298  | &nbsp;&nbsp;**251471**  | &nbsp;&nbsp;**(79280)** | &nbsp;&nbsp;**(97700)** | &nbsp;&nbsp;**2**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(49389)** | &nbsp;&nbsp;**65402**  |
| &nbsp;&nbsp; Other Loans  | &nbsp;&nbsp;22  | &nbsp;&nbsp;**3646**  | &nbsp;&nbsp;**(1148)** | **(248)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | **(24)** | &nbsp;&nbsp;**2248**  |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**49364**  | &nbsp;&nbsp;**289078**  | &nbsp;&nbsp;**(111824)** | &nbsp;&nbsp;**(100824)** | &nbsp;&nbsp;**120**  |  | &nbsp;&nbsp;**(49523)** | &nbsp;&nbsp;**76391**  |
| &nbsp;&nbsp;**Stage 3**  | &nbsp;&nbsp;**December 31, 2024**  | &nbsp;&nbsp;**Transfer from Stage 1**  | &nbsp;&nbsp;**Transfer from Stage 2**  | &nbsp;&nbsp;**Cure to Stage 1**  | &nbsp;&nbsp;**Cure to Stage 2**  | &nbsp;&nbsp;**Write-off**  | &nbsp;&nbsp;**Additions/Reversals**  | &nbsp;&nbsp;**September 30, 2025**  |
| &nbsp;&nbsp; Payroll Loans  | &nbsp;&nbsp;26873  | &nbsp;&nbsp;**377**  | &nbsp;&nbsp;**31396**  | &nbsp;&nbsp;**(1001)** | **(118)** | &nbsp;&nbsp;**(14216)** | **(904)** | &nbsp;&nbsp;**42407**  |
| &nbsp;&nbsp; Credit card receivables  | &nbsp;&nbsp;99449  | &nbsp;&nbsp;**1**  | &nbsp;&nbsp;**79280**  | **(158)** | **(2)** | &nbsp;&nbsp;**(34387)** | &nbsp;&nbsp;**(38637)** | &nbsp;&nbsp;**105546**  |
| &nbsp;&nbsp; Other Loans  | &nbsp;&nbsp;125833  | &nbsp;&nbsp;**17**  | &nbsp;&nbsp;**1148**  | **(6)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(5890)** | &nbsp;&nbsp;**1427**  | &nbsp;&nbsp;**122529**  |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**252155**  | &nbsp;&nbsp;**395**  | &nbsp;&nbsp;**111824**  | &nbsp;&nbsp;**(1165)** | **(120)** | &nbsp;&nbsp;**(54493)** | &nbsp;&nbsp;**(38114)** | &nbsp;&nbsp;**270482**  |

---

The reconciliation of expected credit losses of credit portfolio receivables segregated by stages:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Stage 1**  | &nbsp;&nbsp;**December 31, 2024**  | &nbsp;&nbsp;**Transfer to Stage 2**  | &nbsp;&nbsp;**Transfer to Stage 3**  | &nbsp;&nbsp;**Cure from Stage 2**  | &nbsp;&nbsp;**Cure From Stage 3**  | &nbsp;&nbsp;**Write-off**  | &nbsp;&nbsp;**Additions/Reversals**  | &nbsp;&nbsp;**September 30, 2025**  |
| &nbsp;&nbsp; Payroll Loans  | &nbsp;&nbsp; (8564) | &nbsp;&nbsp;**3126**  | &nbsp;&nbsp;**27**  | **(325)** | **(997)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(5205)** | &nbsp;&nbsp;**(11938)** |
| &nbsp;&nbsp; Credit card receivables  | &nbsp;&nbsp;(17595) | &nbsp;&nbsp;**12610**  | &nbsp;&nbsp;**0**  | &nbsp;&nbsp;**(9815)** | **(120)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(2696)** | &nbsp;&nbsp;**(17616)** |
| &nbsp;&nbsp; Other Loans  | &nbsp;&nbsp; (5234) | &nbsp;&nbsp;**213**  | &nbsp;&nbsp;**4**  | **(87)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(6399)** | &nbsp;&nbsp;**(11503)** |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**(31393)** | &nbsp;&nbsp;**15949**  | &nbsp;&nbsp;**31**  | &nbsp;&nbsp;**(10227)** | &nbsp;&nbsp;**(1117)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(14300)** | &nbsp;&nbsp;**(41057)** |
| &nbsp;&nbsp;**Stage 2** | &nbsp;&nbsp;**December 31, 2024**  | &nbsp;&nbsp;**Transfer from Stage 1**  | &nbsp;&nbsp;**Transfer to Stage 3**  | &nbsp;&nbsp;**Cure to Stage 1**  | &nbsp;&nbsp;**Cure from Stage 3**  | &nbsp;&nbsp;**Write-off**  | &nbsp;&nbsp;**Additions/Reversals**  | &nbsp;&nbsp;**September 30, 2025**  |
| &nbsp;&nbsp; Payroll Loans  | (887) | &nbsp;&nbsp;**(3126)** | &nbsp;&nbsp;**3087**  | &nbsp;&nbsp;**325**  | **(101)** | &nbsp;&nbsp;**-**  | **(150)** | **(852)** |
| &nbsp;&nbsp; Credit card receivables  | &nbsp;&nbsp; (9127) | &nbsp;&nbsp;**(12610)** | &nbsp;&nbsp;**41329**  | &nbsp;&nbsp;**9815**  | **(1)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(44242)** | &nbsp;&nbsp;**(14836)** |
| &nbsp;&nbsp; Other Loans  | (17) | **(213)** | &nbsp;&nbsp;**602**  | &nbsp;&nbsp;**87**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(1379)** | **(920)** |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**(10031)** | &nbsp;&nbsp;**(15949)** | &nbsp;&nbsp;**45018**  | &nbsp;&nbsp;**10227**  | **(102)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**(45771)** | &nbsp;&nbsp;**(16608)** |
| &nbsp;&nbsp;**Stage 3** | &nbsp;&nbsp;**December 31, 2024**  | &nbsp;&nbsp;**Transfer from Stage 1**  | &nbsp;&nbsp;**Transfer from Stage 2**  | &nbsp;&nbsp;**Cure to Stage 1**  | &nbsp;&nbsp;**Cure to Stage 2**  | &nbsp;&nbsp;**Write-off**  | &nbsp;&nbsp;**Additions/Reversals**  | &nbsp;&nbsp;**September 30, 2025**  |
| &nbsp;&nbsp; Payroll Loans  | &nbsp;&nbsp;(26623) | **(27)** | &nbsp;&nbsp;**(3087)** | &nbsp;&nbsp;**997**  | &nbsp;&nbsp;**101**  | &nbsp;&nbsp;**14216**  | &nbsp;&nbsp;**(27811)** | &nbsp;&nbsp;**(42234)** |
| &nbsp;&nbsp; Credit card receivables  | &nbsp;&nbsp;(91161) | **(0)** | &nbsp;&nbsp;**(41329)** | &nbsp;&nbsp;**120**  | &nbsp;&nbsp;**1**  | &nbsp;&nbsp;**34387**  | &nbsp;&nbsp;**2941**  | &nbsp;&nbsp;**(95041)** |
| &nbsp;&nbsp; Other Loans  | &nbsp;&nbsp;(125411) | **(4)** | **(602)** | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**5890**  | &nbsp;&nbsp;**495**  | &nbsp;&nbsp;**(119632)** |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**(243195)** | **(31)** | &nbsp;&nbsp;**(45018)** | &nbsp;&nbsp;**1117**  | &nbsp;&nbsp;**102**  | &nbsp;&nbsp;**54493**  | &nbsp;&nbsp;**(24375)** | &nbsp;&nbsp;**(256907)** |

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**8.**&nbsp;&nbsp;&nbsp;&nbsp; **Accounts receivable** (continued)

The movement in the allowance for expected credit losses of credit receivables is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expected Credit Losses** | **Payroll Loans** | **Credit Card** <br>**Receivables** | **Other Loans**  | **Total** |
| December 31, 2023 | (38259) | (185404) | (361780) | (585443) |
| Additions | (31221) | (163887) | (39147) | (234255) |
| Reversals | 5240  | 92903  | 25831  | 123974  |
| Write-Off (i) | 28166  | 138505  | 244431  | 411102  |
| December 31, 2024  | **(36074)** | **(117883)** | **(130664)** | **(284621)** |
| Additions | **(52950)** | **(65898)** | **(13209)** | **(132057)** |
| Reversals | **19784**  | **21901**  | **5928**  | **47613**  |
| Write-Off (i) | **14216**  | **34387**  | **5890**  | **54493**  |
| **September 30, 2025**  | **(55024)** | **(127493)** | **(132055)** | **(314572)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; Based on the PagSeguro credit risk classification model, which assesses the risk of insolvency and default of counterparties related to credit receivables, for the nine-month period ended September 30, 2025, the PagSeguro Group carried out a partial write-off of credit receivables, for cases in which the Group does not expect to receive these amounts. The credit card receivables were written-off in the amount of R$34,387 (R$138,505 on December 31, 2024), other loans were written-off in the amount R$5,890 (R$244,432 on December 31, 2024) and payroll loans were written-off in the amount R$14,216 (R$28,166 on December 31, 2024) against the related provision for ECL recognized in previous periods.

**9. Recoverable taxes**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Income tax and social contribution (i) | **999,916**  | 788,901 |
| Social integration program (ii) | **55,639**  | 74,452 |
| Other | **5,740**  | 6,566 |
|  | **1,061,295**  | 869,919 |
| Current | **365,920** | 551,722 |
| Non-current | **695,375** | 318,197 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; Refers mainly to withholding taxes from income tax and social contribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS) recoverable on transaction activities and other services.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**10.** **Related-party balances and transactions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Balances and transactions with related parties</u>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2025** | December 31, 2024 | December 31, 2024 |
|  | **Receivables** | **Payables** | Receivables | Payables |
| &nbsp;&nbsp;&nbsp;**Banking issuances (a)**  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;OFL Participações S.A. | **-** | **315249** | -  | 615057  |
| &nbsp;&nbsp;&nbsp;UOL Cursos Tec. Ed. Ltda. | **-** | **292574** | -  | 206811  |
| &nbsp;&nbsp;&nbsp;Universo Online S.A. | **-** | **146745** | -  | 168117  |
| &nbsp;&nbsp;&nbsp;Ingresso.com Ltda | **-** | **94033** | -  | 69419  |
| &nbsp;&nbsp;&nbsp;Everymind Cons.Sist. LTDA | **-** | **-** | -  | 1557  |
|  | **-** | **848601** | -  | 1060961  |
| &nbsp;&nbsp;&nbsp;**Other transactions and services** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Universo Online S.A. - sales of services (b) | **-** | **23186** | -  | 18693  |
| &nbsp;&nbsp;&nbsp;Compass.UOL Informática Ltda.- sales of services (b) | **-** | **13593** | -  | 17982  |
| &nbsp;&nbsp;&nbsp;EDGE.UOL Tecnologia Ltda. - sales of services (b) | **-** | **1360** | -  | 18  |
| &nbsp;&nbsp;&nbsp;Compass. UOL Tecnologia - sales of services (b) | **-** | **672** | -  | 2648  |
| &nbsp;&nbsp;&nbsp;Invillia Desenvolvimento de produtos Digitais Ltda - sales of services (b) | **-** | **-** | -  | 13909  |
| &nbsp;&nbsp;&nbsp;Universo Online S.A. - shared service costs (c) | **-** | **13135** | -  | 9853  |
| &nbsp;&nbsp;&nbsp;Digital Services UOL S.A. - borrowing (d) | **27822** | **-** | 31849  | -  |
| &nbsp;&nbsp;&nbsp;Others | **-** | **6829** | -  | 7182  |
|  | **27822** | **58775** | 31849  | 70285  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current | **10354** | **184158** | 9082 | 116383 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non - current | **17468** | **723217** | 22767 | 1014863 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Certificate of Deposits (CD) acquired by related parties from BancoSeguro with interest rate between 103% to 106% (104% to 106% on December 31, 2024) per year of CDI. The maturity analysis is as follows:

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Due within 121 to 180 days | **3,834**  | **-** |
| Due within 181 to 360 days | **121,550**  | 46,098 |
| Due to more than 360 days  | **723,217**  | 1,014,863  |
|  | **848,601**  | 1,060,961  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Sales of services refer mainly to the purchase of advertising services from UOL, colocation, development of software and cloud services acquired from other entities within the Uol Group. Invillia was incorporated by Compass UOL Tecnologia in April, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Shared services costs mainly related to payroll costs that are incurred by the parent Group UOL and are charged to PagSeguro Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) This receivable refers to borrowing made from Biva Sec with interest rate of 100% of CDI plus 2.5% per year.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**10. Related-party balances and transactions** (continued)

ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Revenue and expense from transactions with related parties</u>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Three-month ended September 30,**  | &nbsp;&nbsp;**Three-month ended September 30,**  | &nbsp;&nbsp;**Three-month ended September 30,**  | &nbsp;&nbsp;**Three-month ended September 30,**  | &nbsp;&nbsp;**Nine-month ended September 30,**  | &nbsp;&nbsp;**Nine-month ended September 30,**  | &nbsp;&nbsp;**Nine-month ended September 30,**  | &nbsp;&nbsp;**Nine-month ended September 30,**  |
|  | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**2024** |
|  | &nbsp;&nbsp;**Revenue** | &nbsp;&nbsp;**Expense** | &nbsp;&nbsp;**Revenue** | &nbsp;&nbsp;**Expense** | &nbsp;&nbsp;**Revenue** | &nbsp;&nbsp;**Expense** | &nbsp;&nbsp;**Revenue** | &nbsp;&nbsp;**Expense** |
| &nbsp;&nbsp;&nbsp;**Banking Issuances (a)** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;OFL Participações S.A. | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**15948**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;11964  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**48651**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;12074  |
| &nbsp;&nbsp;&nbsp;UOL Cursos Tec. Ed. Ltda. | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**10008**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;4086  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**24531**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;9656  |
| &nbsp;&nbsp;&nbsp;Universo Online S.A. | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**7328**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;8060  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**20423**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;16494  |
| &nbsp;&nbsp; Ingresso.com Ltda | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**3235**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;1131  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**7916**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;2721  |
| &nbsp;&nbsp;&nbsp;Web Jump Desing em Informática Ltda | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-** | &nbsp;&nbsp;-  | &nbsp;&nbsp; 103  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-** | &nbsp;&nbsp;-  | &nbsp;&nbsp; 622  |
| &nbsp;&nbsp;&nbsp;Everymind Cons.Sist. LTDA | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;-  | &nbsp;&nbsp; -  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**16**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;Invillia Desenvolvimento de produtos Digitais Ltda  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;-  | &nbsp;&nbsp; 252  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;2298  |
|  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**36519**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;25596  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**101537**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;43865  |
| &nbsp;&nbsp;&nbsp;**Other transactions and services** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Compasso UOL S.A.- sales of services (b) | &nbsp;&nbsp;&nbsp;**-**  | &nbsp;&nbsp;**41130**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;41453  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**126806**  | &nbsp;&nbsp;-  | &nbsp;&nbsp; 121851  |
| &nbsp;&nbsp;&nbsp;Universo Online S.A. - sales of services (b) | &nbsp;&nbsp;**800**  | &nbsp;&nbsp;**14746**  | &nbsp;&nbsp; 832  | &nbsp;&nbsp;29208  | &nbsp;&nbsp;**2695**  | &nbsp;&nbsp;**82702**  | &nbsp;&nbsp; 2435  | &nbsp;&nbsp;70661  |
| &nbsp;&nbsp;&nbsp;Compasso Tecnologia Ltda. - sales of services (b) | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**3643**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;1339  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**8294**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;3843  |
| &nbsp;&nbsp;&nbsp;EDGE.UOL Tecnologia Ltda. - sales of services (b) | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**1802**  | &nbsp;&nbsp;-  | &nbsp;&nbsp; 37  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**5094**  | &nbsp;&nbsp;-  | &nbsp;&nbsp; 666  |
| &nbsp;&nbsp;&nbsp;UOL - shared service costs (c) | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**32193**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;26880  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp;**96303**  | &nbsp;&nbsp;-  | &nbsp;&nbsp;82570  |
| &nbsp;&nbsp;&nbsp;Digital Services UOL S.A. - borrowing (d) | &nbsp;&nbsp;**908**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp; 1031  |  | &nbsp;&nbsp;**2925**  | &nbsp;&nbsp;**-**  | &nbsp;&nbsp; 3099  | &nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;Others | &nbsp;&nbsp;**284**  | &nbsp;&nbsp;**1876**  | &nbsp;&nbsp; 240  | &nbsp;&nbsp;2621  | &nbsp;&nbsp;**764**  | &nbsp;&nbsp;**6290**  | &nbsp;&nbsp; 733  | &nbsp;&nbsp;8951  |
|  | &nbsp;&nbsp;**1992**  | &nbsp;&nbsp;**95390**  | &nbsp;&nbsp; 2103  | &nbsp;&nbsp; 101538  | &nbsp;&nbsp;**6384**  | &nbsp;&nbsp;**325489**  | &nbsp;&nbsp; 6267  | &nbsp;&nbsp; 288542  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp; Expenses are related to Certificate of Deposits (CD) from BancoSeguro.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp; Sales of services are related to advertising services from UOL, revenue is related to intermediation fee and expenses related to colocation and cloud services, acquired from other entities within the Uol Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp; Shared services costs mainly related to payroll costs sharing that are incurred by the parent Group UOL and are charged to PagSeguro Group. Such costs are included in administrative expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp; Revenue refers to borrowing made from Biva Sec with interest rate of 100% of CDI plus 2.5% per year.

iii)&nbsp;&nbsp;&nbsp;&nbsp; <u>Key management compensation</u>

Key management compensation includes short and long-term benefits of PagSeguro Brazil's executive officers. The short and long-term compensation related to the executive officers for the three and nine-month periods ended September 30, 2025 amounted to R$5,738 and R$28,711 (R$11,570 and R$35,732 for the three and nine-month periods ended September 30, 2024).

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**11.** **Property and equipment**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp; <u>Property and equipment are composed as follows:</u> 

---

| | | | |
|:---|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
|  | **Cost** | **Accumulated depreciation** | **Net**  |
| Data processing equipment  | **263139**  | **(125026)** | **138113**  |
| Machinery and equipment (i) | **4641312**  | **(2290555)** | **2350757**  |
| Buildings leasing (ii) | **170555**  | **(94294)** | **76261**  |
| Other | **65242**  | **(41575)** | **23667**  |
| **Total** | **5140248**  | **(2551450)** | **2588798**  |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Cost | Accumulated depreciation | Net  |
| Data processing equipment  | 262572  | (110100) | 152472  |
| Machinery and equipment (i) | 4295698  | (1990778) | 2304920  |
| Buildings leasing (ii) | 163003  | (79415) | 83588  |
| Other | 62214  | (30858) | 31356  |
| Total | 4783487  | (2211151) | 2572336  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp; <u>The changes in cost and accumulated depreciation were as follows:</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Data processing equipment** | **Machinery and equipment (i)** | **Buildings Leasing (ii)** | **Other** | **Total** |
| On December 31, 2023 |  |  |  |  |  |
| Cost | 244452  | 3658969  | 154343  | 47540  | 4105304  |
| Accumulated depreciation  | (90976) | (1482900) | (60812) | (19605) | (1654293) |
| Net book value | 153476  | 2176069  | 93531  | 27935  | 2451011  |
| On December 31, 2024 |  |  |  |  |  |
| Opening balance  |  |  |  |  |  |
| Cost | 18120  | 636729  | 8660  | 14674  | 678183  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases | 21774  | 1087743  | 8660  | 22361  | 1140538  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposals/Provisions (iii) | (3654) | (451014) | -  | (7687) | (462355) |
| Depreciation  | (19124) | (507878) | (18603) | (11253) | (556858) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation  | (22651) | (780291) | (18603) | (16829) | (838374) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposals | 3527  | 272413  | -  | 5576  | 281516  |
| Net book value | 152472  | 2304920  | 83588  | 31356  | 2572336  |
| On December 31, 2024 |  |  |  |  |  |
| Cost | 262572  | 4295698  | 163003  | 62214  | 4783487  |
| Accumulated depreciation  | (110100) | (1990778) | (79415) | (30858) | (2211151) |
| Net book value | 152472  | 2304920  | 83588  | 31356  | 2572336  |
| On September 30, 2025 |  |  |  |  |  |
| Cost | **567**  | **345614**  | **7552**  | **3028**  | **356761**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases | **5235**  | **802027**  | **7552**  | **6181**  | **820995**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposals/Provisions (iii) | **(4668)** | **(456413)** | **-**  | **(3153)** | **(464234)** |
| Depreciation  | **(14926)** | **(299777)** | **(14879)** | **(10717)** | **(340299)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation  | **(19516)** | **(632187)** | **(14879)** | **(12168)** | **(678750)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposals | **4590**  | **332410**  | **-**  | **1451**  | **338451**  |
| Net book value | **138113**  | **2350757**  | **76261**  | **23667**  | **2588798**  |
| On September 30, 2025 |  |  |  |  |  |
| Cost | **263139**  | **4641312**  | **170555**  | **65242**  | **5140248**  |
| Accumulated depreciation  | **(125026)** | **(2290555)** | **(94294)** | **(41575)** | **(2551450)** |
| Net book value | **138113**  | **2350757**  | **76261**  | **23667**  | **2588798**  |

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**11.** **Property and equipment** (continued)

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; Net book value of POS devices is R$2,301,036 (R$2,254,758 as of December 31, 2024), which are depreciated over 5 years. The depreciation of POS in the nine-month period ended September 30, 2025, amounted to R$626,170 (R$569,831 in the nine-month period ended September 30, 2024). On September 30, 2025, PagSeguro have contractual obligations to acquire POS devices in the amount of R$305,077 (R$417,064 as of December 31, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;(ii) As of September 30, 2025, PagSeguro had a lease liability presented in other current liabilities in the amount of R$19,337 (R$15,506 as of December 31, 2024) and as non-current liability in the amount of R$61,196 (R$71,955 as of December 31, 2024). For the nine-month ended September 30, 2025, the Group incurred in financial costs related to these leases of R$14,891 (R$13,716 in the nine-month period ended September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Group monitors closely merchants activity and POS life-time value. If the Group detects inactivity for a certain period, the Group provisions write-off of POS devices associated. During the nine-month ended September 30, 2025, the provisions for the net book value amounted R$112,306 (of which R$423,125 are cost and R$310,818 are accumulated depreciation), in comparison to R$132,590 (of which R$316,307 are cost and R$183,717 are accumulated depreciation) for the nine-month ended September 30, 2024.

**12.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Intangible assets**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp; <u>Intangible assets are composed as follows:</u>

---

| | | | |
|:---|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
|  | **Cost** | **Accumulated amortization** | **Net**  |
| Expenditures related to software and technology (i) | **5887510**  | **(3198548)** | **2688962**  |
| Software licenses | **399439**  | **(252031)** | **147408**  |
| Goodwill (ii) | **227066**  | **-**  | **227066**  |
| Other | **70556**  | **(63374)** | **7182**  |
|  | **6584571**  | **(3513953)** | **3070618**  |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Cost | Accumulated amortization | Net  |
| Expenditures related to software and technology (i) | 5042195  | (2520174) | 2522021  |
| Software licenses | 369320  | (209128) | 160192  |
| Goodwill (ii) | 227066  | -  | 227066  |
| Other  | 70569  | (53546) | 17023  |
|  | 5709150  | (2782848) | 2926302  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; The PagSeguro Group capitalizes expenses incurred with the development of platforms, which are amortized over their useful lives of approximately five years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The amount refers the recognition of a capital gain with customer portfolio with a fair value, non-compete agreement and softwares relationed to business combinations made by the PagSeguro Group.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**12. Intangible assets** (continued)

<u>The changes in cost and accumulated amortization were as follows:</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Expenditures with software and technology** | **Software licenses** | **Goodwill** | **Other** | **Total** |
| On December 31, 2023 |  |  |  |  |  |
| Cost | 3887300  | 335561  | 227066  | 70569  | 4520496  |
| Accumulated amortization | (1756871) | (152123) | -  | (40433) | (1949427) |
| Net book value | 2130429  | 183438  | 227066  | 30136  | 2571069  |
| On December 31, 2024 |  |  |  |  |  |
| Cost | 1154895  | 33759  | -  | -  | 1188654  |
| &nbsp;&nbsp;&nbsp;Additions (i) | 1154895  | 33867  | -  | -  | 1188762  |
| &nbsp;&nbsp;&nbsp;Disposals | -  | (108) | -  | -  | (108) |
| Amortization | (763303) | (57005) | -  | (13113) | (833421) |
| &nbsp;&nbsp;&nbsp;Amortization | (763303) | (57113) | -  | (13113) | (833529) |
| &nbsp;&nbsp;&nbsp;Disposals | -  | 108  | -  | -  | 108  |
| Net book value | 2522021  | 160192  | 227066  | 17023  | 2926302  |
| On December 31, 2024 |  |  |  |  |  |
| Cost | 5042195  | 369320  | 227066  | 70569  | 5709150  |
| Accumulated amortization | (2520174) | (209128) | -  | (53546) | (2782848) |
| Net book value | 2522021  | 160192  | 227066  | 17023  | 2926302  |
| On September 30, 2025 |  |  |  |  |  |
| Cost | **845315**  | **30119**  | **-**  | **(13)** | **875421**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions (i) | **845960**  | **30958**  | **-**  | **-**  | **876918**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposals | **(645)** | **(839)** | **-**  | **(13)**  | **(1497)** |
| Amortization | **(678374)** | **(42902)** | **-**  | **(9829)** | **(731105)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | **(678849)** | **(43741)** | **-**  | **(9834)** | **(732424)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposals | **475**  | **839**  | **-**  | **5**  | **1318**  |
| Net book value | **2688962**  | **147409**  | **227066**  | **7181**  | **3070618**  |
| On September 30, 2025 |  |  |  |  |  |
| Cost | **5887510**  | **399439**  | **227066**  | **70556**  | **6584571**  |
| Accumulated amortization | **(3198548)** | **(252031)** | **-**  | **(63374)** | **(3513953)** |
| Net book value | **2688962**  | **147408**  | **227066**  | **7182**  | **3070618**  |

---

(i)&nbsp;&nbsp;&nbsp;&nbsp; Refers to several and diverse expenditures with software and technology, mainly related to customer experience functionalities, such as digital payment and digital banking account.

The goodwill is allocated to the Cash Generating Units (CGUs) in each of the acquired companies that generated the goodwill and is demonstrated below:

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| MOIP | **148218**  | 148218  |
| Concil | **20731**  | 20731  |
| Netpos | **17158** | 17158 |
| Biva Serviços | **14627**  | 14627  |
| Banco Seguro | **12612**  | 12612  |
| Pag Participações (i) | **7150** | - |
| PagSeguro Tecnologia  | **6570**  | 6570  |
| Zygo (i) | **-**  | 5768  |
| Yami (i) | **-**  | 1382  |
| **Total** | **227066**  | 227066  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; In January and February, 2025, the subsidiaries Yamí and Zygo was incorporated by Pag Participações.

The recoverable amount of a CGU is determined based on value-in-use calculations, Group tested the recoverability of these assets for the year ended December 31, 2024 and concluded that the book balances of goodwill recorded are recoverable, for September 30, 2025 the Group evaluated and no new indicatives are came, therefore, no provision for impairment of was accounted for.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**13.** **Payables to third parties**

Payables to merchants, in the amount of R$9,953,499 (R$11,642,218 as of December 31, 2024) correspond mainly to amounts to be paid to merchants related to transactions carried out by their card holders, net of the intermediation fees and discounts applied.

**14. Obligations to FIDC quota holders**

In October 2022, 100,000 new senior quotas of the FIDC were issued with a nominal value of R$1,000 each, totaling R$100 million with third party investors. In September 2025, these quotas were redeemed in the amount of R$149,392 including interest.

In November 2024, 1,000,000 new senior quotas of the FIDC were issued with a nominal value of R$1,000 each, totaling R$1 billion with an interest rate of 100% of the CDI plus a fixed rate of 1%. In the same operation, the Group entered swaps to change the interest rate accrual to 108% of the CDI. This operation has a specific objective of protect the risk from interest rate volatility for the investors remuneration changing fixed rates for CDI rates.

Obligations to FIDC quotas holders are being disclosed separately in the amount of R$1,128,717 on September 30, 2025 (R$1,151,384 on December 31, 2024) with an average cost of 108% of CDI (108% of CDI on December 31, 2024). During the three and nine-month ended September 30, 2025 the remuneration refer the FIDC quotas holders amounted to R$47,578 and R$126,724 (R$3,949 and R$11,295 in the three and nine-month ended September 30, 2024).

**15.** **Checking accounts**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Banking accounts (i) | **9,721,883** | 10,972,294  |
| Merchant's payment account (ii) | **758,538** | 1,058,279  |
|  | **10,480,421** | 12,030,573  |

---

(i)&nbsp;&nbsp;&nbsp;&nbsp; Refers to the balance of the clients maintained in their banking accounts that are invested in Certificate of Deposits with interest of up to 100% of CDI but are only paid on the 30th days anniversary.

(ii) Refers to merchant's payment account that PagSeguro acquire treasury bonds to comply with certain requirements as mentioned in note 7.

During the nine-month period ended September 30, 2025, the average interest cost associated with Checking Accounts amounted to 47% of CDI (58% of CDI on December 31, 2024).

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**16.** **Banking issuances**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | December 31, 2024 |
| Certificate of deposits (i) | **17,702,385**  | 17,038,525  |
| Interbank deposits (ii) | **11,267,114**  | 7,050,709  |
|  | **28,969,499**  | 24,089,234  |
| Current  | **19,767,388**  | 12,677,098  |
| Non - Current | **9,202,111**  | 11,412,136  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; During the nine-month period ended September 30, 2025, the average interest cost amounted to 104% of CDI (109% of CDI in December 31, 2024). Some deposits have interest rates correlated to the IPCA (Brazilian inflation rates) and fixed rates. For these certificates of deposit, the Group contracts derivative financial instruments (Swaps) designated to hedge accounting with the specific objective of protecting deposits from fluctuations arising from inflation, changing IPCA and fixed rates for CDI rates. More details of financial instruments in note 28.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) During the nine-month period ended September 30, 2025, the average interest cost associated amounted to 107% of CDI (110% of CDI on December 31, 2024), On September 30, 2025, the PagSeguro Group issued R$1,000,000 in Public Financial Letter. The maturity date will be July 10, 2027. The notional amount and accrued interest will be paid at maturity. The operation was closed with an interest rate of CDI + 0.45% per year, the Company contracted a derivative financial instrument ("Swap") to convert from CDI + 0.45% to 103.6% of CDI per year.

The maturity analysis of banking issuances based on the due date of the agreements (disregarding that some can be withdrawn at any time) is as follows:

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | December 31, 2024 |
| Due within 30 days | **5476050**  | 4289493  |
| Due within 31 to 120 days | **4347135**  | 5258608  |
| Due within 121 to 180 days | **1770252**  | 763642  |
| Due within 181 to 360 days | **8173951**  | 2365355  |
| Due within 361 days or more days | **9202111**  | 11412136  |
|  | **28969499**  | 24089234  |

---

The changes in the amount were as follows:

---

| | |
|:---|:---|
| On December 31, 2023 | 16188440  |
| Additions  | 42437883  |
| Withdraws | (35607575) |
| Interest | 1070486  |
| On December 31, 2024 | 24089234  |
| **Additions**  | **40416057** |
| **Withdraws** | **(36939291)** |
| **Financial instruments** | **(7356)** |
| **Interest** | **1410855** |
| **September 30, 2025** | **28969499** |

---

**17. Salaries and social security charges**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | December 31, 2024 |
| &nbsp;&nbsp;&nbsp;Payroll accruals and profit sharing | **262,000** | 279,092 |
| &nbsp;&nbsp;&nbsp;Social charges | **44,928** | 56,641 |
| &nbsp;&nbsp;&nbsp;Payroll taxes (LTIP) (i) | **37,720** | 50,810 |
| &nbsp;&nbsp;&nbsp;Other | **15,705** | 16,100 |
|  | **360,353** | 402,643 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; Refers to social charges and income tax over LTIP and LTIP goals balances.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**18. Taxes and contributions**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | December 31, 2024 |
| **Taxes** |  |  |
| &nbsp;&nbsp;&nbsp;Services tax (i) | **201763**  | 201590  |
| &nbsp;&nbsp;&nbsp;Social integration program (ii) | **63332**  | 61090  |
| &nbsp;&nbsp;&nbsp;Social contribution on revenues (ii) | **394791**  | 417265  |
| &nbsp;&nbsp;&nbsp;Income tax and social contribution (iii) | **10119**  | 3774  |
| &nbsp;&nbsp;&nbsp;Other  | **31463**  | 22357  |
|  | **701468**  | 706076  |
|  | **September 30, 2025** | December 31, 2024 |
| **Judicial deposits (iv)** |  |  |
| &nbsp;&nbsp;&nbsp;Services tax (i) | **(190212)** | (188449) |
| &nbsp;&nbsp;&nbsp;Social integration program (ii) | **(35213)** | (33110) |
| &nbsp;&nbsp;&nbsp;Social contribution on revenues (ii) | **(216693)** | (203755) |
|  | **(442118)** | (425314) |
|  | **259350** | 280762  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; Refers to tax on revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Refers mainly to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS) charged on financial income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Refers to the income tax and social contribution payable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The PagSeguro Group obtained until January 2021 court decisions to deposit the amount related to the payments in escrow for matters discussed in items "i" and "ii" and above.

**19. Provision for contingencies**

PagSeguro Group is party to labor and civil litigation in progress and are discussing such matters at the administrative and judicial levels, for which in some cases the PagSeguro Group has made corresponding judicial deposits. The likelihood of a negative outcome is assessed periodically and adjusted by management, when appropriate. Such an assessment considers the opinion of its external legal advisors.

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| Civil | **98,600** | 73,114 |
| Labor | **80,074**  | 41,846  |
|  | **178,674**  | 114,960  |
| Current | **91,381**  | 43,820  |
| Non-Current | **87,293** | 71,140  |

---

Below it is demonstrated the movements of the provision for contingencies in the nine-month period ended September 30, 2025:

---

| | |
|:---|:---|
| On December 31, 2023 | 97219  |
| Accrual | 106559  |
| Settlement | (35291) |
| Reversal | (60860) |
| Interest | 7323  |
| On December 31, 2024 | 114960  |
| Accrual  | **105087** |
| Settlement | **(38010)** |
| Reversal  | **(12637)** |
| Interest | **9274** |
| **On September 30, 2025** | **178674** |

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**19. Provision for contingencies** (continued)

The PagSeguro Group is party to tax and civil lawsuits involving risks classified as possible losses, for which no provision was recognized as of September 30, 2025, totaling R$1,152,777 (R$996,526 on December 31, 2024). The main tax lawsuits are disclosed below:

On October 15, 2021, Pagseguro Internet was assessed by the Brazilian Internal Revenue Service ("IRS") for not collecting tax on financial operation ("IOF") on intercompany loans, IOF is applicable over credit transactions of any nature, including intercompany loans. The amount of this assessment was R$336,022 (R$315,403 on December 31, 2024).

The Group has presented its defense, clarifying that the transactions carried out among PagSeguro and its subsidiaries are not credit transactions. The Pagseguro Group has a centralized cash pool and, according to the law, this kind of intercompany transaction is not taxable by IOF.

Additionally, the Group has one contingency related to labor taxes in the amount of R$254,594 (R$234,120 on December 31, 2024).

**20. Borrowings**

The composition of the borrowings are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Origination date** | **Due date** | **Interest rate** | **September 30, 2025** | **December 31, 2024** |
| December, 2024 | January, 2025 | 106.6% of the CDI | **-** | 2513021  |
| March, 2024 | March, 2025 | 109.9% of the CDI | -  | 762078  |
| December, 2024 | February, 2025 | 105.5% of the CDI | -  | 350168  |
| March, 2024 (i) | March, 2025 | 110.2% of the CDI | -  | 252287  |
| March, 2025 | October, 2025 | 104.0% of the CDI | 822544  | -  |
| December, 2024 (i) | December, 2025 | 105.0% of the CDI | 631130  | 643949  |
| January, 2025 (i) | January, 2026 | 107.0% of the CDI | 944486  | -  |
|  |  |  | **2398160**  | 4521503  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; These borrowings were contracted in foreign currencies as mentioned in the note 28.

The borrowings balance refers to funds for working capital related to the merchant's prepayment operation and credit underwriting. These borrowings have attractive interest rates and has a substantially very short maturity date, therefore, the decision to raise funds through borrowings is based on market opportunities and financial efficiency regardless of the instrument used.

On September 30, 2025, the Group recorded the net effects of the swap derivatives designated to hedge accounting as a liability in the amount of R$109,017, basically represented by the different foreign exchange rates and interest rate volatility at the time of entering into the borrowings agreements on September 30, 2025. More details of financial instruments are presented in note 28.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**20. Borrowings** (continued)

The table below demonstrates the changes in the borrowings:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| December 31, 2023 | Addition | Payment of principal | Financial instruments | Interest | December 31, 2024 |
| 189427  | 8883160  | (4785598) | 59574  | 174940 | 4521503  |
| **December 31, 2024** | **Addition** | **Payment of principal** | **Financial instruments** | **Interest** | **September 30, 2025** |
| **4521503**  | **4748000**  | **(7065366)** | **-**  | **194023** | **2398160**  |

---

**21. Income tax and social contribution**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp; <u>Reconciliation of the deferred income tax and social contribution</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Tax losses** | **Tax credit** | **Technological innovation (i)** | **Other temporary differences assets (ii)** | **Other temporary differences liability (iii)** | **Total** |
| **Deferred tax** |  |  |  |  |  |  |
| On December 31, 2023 | 54236  | (4496) | (729868) | 484744  | (1537847) | (1733231) |
| Included in the statement of income | (33664) | (2248) | (131503) | (48690) | 192147  | (23958) |
| Included in OCI (iv) | -  | -  | -  | 44442  | -  | 44442  |
| Other | 21464  | -  | (2040) | (1253) | 86  | 18257  |
| On December 31, 2024 | 42036  | (6744) | (863411) | 479243  | (1345614) | (1694490) |
| **Included in the statement of income** | **(16066)** | **(1070)** | **(55951)** | **51891**  | **111958**  | **90762**  |
| **Included in OCI (iv)** | **-** | **-** | **-** | **49232**  | **-** | **49232**  |
| **Other** | **-** | **-** | **-** | **542**  | **-** | **542**  |
| **On September 30, 2025** | **25970**  | **(7814)** | **(919362)** | **580908**  | **(1233656)** | **(1553954)** |
| **Deferred tax asset** |  |  |  |  |  | **75133**  |
| **Deferred tax liability** |  |  |  |  |  | **1629087**  |

---

(i) Refers to the benefit granted by the Technological Innovation Law (Lei do Bem), which reduces the tax charges on the capitalized amount intangible assets.

(ii)The main other assets temporary difference refers to expected credit losses (Note 8) and taxes and contributions (Note 18).

(iii) The main other liability temporary difference refers to gain on the ownership of FIDC quotas, that will be realized only in the redemption of such quotas.

(iv) The amount refers mainly to the tax on accounts receivable mark-to-market, more details in note 8.

Deferred tax assets are recognized for tax loss carry-forward to the extent that the realization of the related tax benefit through future taxable profits is probable. Tax losses do not have expiration date.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**21. Income tax and social contribution** (continued)

b)&nbsp;&nbsp;&nbsp;&nbsp; <u>Reconciliation of the income tax and social contribution expense</u>

PagSeguro Group computed income tax and social contribution under the taxable income method. The following is a reconciliation of the difference between the actual income tax and social contribution expense and the expense computed by applying the Brazilian federal statutory rate for the three and nine-month ended September 30, 2025 and 2024.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three-month ended September 30,** | **Three-month ended September 30,** | **Nine-month ended September 30,** | **Nine-month ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Profit for the period before taxes | **636432** | 593540 | **1832586**  | 1743634 |
| Statutory rate | **34%** | 34% | **34%** | 34% |
| Expected income tax and social contribution  | **(216387)** | (201803) | **(623079)** | (592835) |
| **Income tax and social contribution effect on:** |  |  |  |  |
| Permanent additions (exclusions) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gifts | **(1737)** | (2221) | **(2833)** | (3894) |
| &nbsp;&nbsp;&nbsp;R&D and technological innovation benefit - Law 11,196/05 (i) | **71153**  | 61189 | **227450**  | 170741 |
| Taxation of income abroad (ii) | **59546**  | 75353 | **161407**  | 152006 |
| Recorded (unrecorded) deferred taxes | **-**  | (1608) | **92**  | 20009 |
| Other additions (exclusions) | **5479**  | 6702 | **20714**  | 27683 |
| Income tax and social contribution expense | **(81946)** | (62388) | **(216249)** | (226290) |
| Effective rate | **13%** | 11% | **12%** | 13% |
| Income tax and social contribution - current | **(46767)** | (11168) | **(306865)** | (165797) |
| Income tax and social contribution - deferred | **(35179)** | (51220) | **90616**  | (60493) |

---

(i)&nbsp;&nbsp;&nbsp;&nbsp; Refers to the benefit granted by the Technological Innovation Law (*Lei do Bem*), which reduces the income tax charges, based on the amount invested by the PagSeguro Group on specific intangible assets, see note 12.

(ii) Some entities and investment funds adopt different taxation regimes according to the applicable rules in their jurisdictions, which differs from the Brazilian tax rate of 34% applied for the purpose of this note.

**22. Equity**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Share capital</u>

On September 30, 2025, share capital is represented by 305,677,709 common shares, per value of US$0.000025. Share capital is composed of the following shares for the period ended September 30, 2025:

---

| | |
|:---|:---|
| December 31, 2023 shares outstanding  | 329608424  |
| Treasury shares | 12044093  |
| Long-Term Incentive Plan | 3200293  |
| Repurchase of common shares | (15244386) |
|  December 31, 2024 shares outstanding  | 329608424  |
| **Treasury shares** | **12843369**  |
| **Long-term incentive plan** | **3067643**  |
| **Repurchase of common shares** | **(15911012)** |
| **Cancellation of shares** | **(23930715)**  |
| **September 30, 2025 shares outstanding**  | **305677709**  |

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**22. Equity** (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Capital reserve</u>

The capital reserve can only be used to increase capital, offset losses, redeem, reimburse or purchase shares or pay cumulative dividends on preferred shares. For the nine-month periods ended September 30, 2025, and 2024, the Group recognized the capital reserve movement related to the costs of the FIDM and FIDC in the amount of R$1,762 (R$475 on December 31, 2024) and all the LTIP/ LTIP goals shares were delivered with treasury shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Share based long-term incentive plan (LTIP and LTIP goals)</u>

Under the terms of the LTIP, upon completion of the IPO, the vested portion of each beneficiary's LTIP rights was converted into Class A common shares of PagSeguro Digital at the IPO price (US$21.50) which is the assessed fair value at the grant date. As a result, the beneficiaries of the LTIP received a total of 1,823,727 new Class A common shares upon completion of the IPO.

LTIP-Goals was established by PagSeguro Brazil on December 18, 2018, as approved by the Company's board of directors, modified and ratified on August 7, 2019, February 21, 2020, January 19, 2021, August 16, 2021, and December 20, 2021. Beneficiaries under the LTIP-Goals are selected by the LTIP-Goals Committee, which consists of the Company's Chairman of the board of directors and two officers of UOL.

The unvested portions of each beneficiary's LTIP and LTIP goals rights will be settled on each future annual vesting date in cash, Class A common shares or a combination of the two.

This arrangement is classified as equity settled. For the nine-month period ended September 30, 2025, the Group recognized in equity, costs related to the LTIP and LTIP Goals in the total amount of R$62,821 (R$135,012 in the nine-month period ended September 30, 2024). On September 30, 2025, the amount of R$37,720 (R$50,810 on December 31, 2024) was accounted for LTIP and LTIP Goals social charges, including withholding income tax (Note 17).

The maximum number of common shares that can be delivered to beneficiaries under the LTIP and LTIP Goals may not exceed 3% and 1% per year, respectively, of the PagSeguro Group's issued share capital at any time. For the nine-month ended September 30, 2025, total shares delivered were 3,067,643 from treasury shares (3,200,293 for the nine-month ended September 30, 2024) representing 0.93% of total shares (1% for the nine-month ended September 30, 2024). Additionally total shares granted were 2,909,815 representing 0.95% of total shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>OCI and equity valuation adjustments</u>

The Group recognizes in this account the accumulated effect of the foreign exchange variation resulting from the conversion of the financial statements of the foreign subsidiaries BCPS, Pagseguro Colombia, Pagseguro Chile, Pagseguro Peru, Pagseguro Mexico and PBMX México which amounted to a loss of R$211 in the nine-month period ended September 30, 2025 (gain of R$798 in the nine-month period ended September 30, 2024). This accumulated effect will be reverted to the result of the year as gain or loss only in case of disposal or write-off of the investment.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**22. Equity** (continued)

The financial investments and compulsory reserve mentioned in note 7 and 8, respectively, was classified at fair value through other comprehensive income. Unrealized accumulated loss on LFTs for the nine-month period ended September 30, 2025 totaled R$110 (gain of R$627 in the nine-month period ended September 30, 2024) and the unrealized loss in the accounts receivable mark-to-market, net of taxes, in the nine-month period ended in September 30, 2025 totaled R$95,376 (R$23,035 in the nine-month period ended September 30, 2024).

The derivative financial instruments mentioned in note 20 were classified at fair value through other comprehensive income. Unrealized fair value adjustment loss on SWAPs, net of taxes, in the nine-month period ended September 30, 2025, totaled a loss of R$1,051 (loss of R$853 in the nine-month period ended September 30, 2024).

As part of transactions completed in prior years, the PagSeguro Group also recognized in this account the difference between the book value and the amounts paid in the acquisitions of additional interests from the non-controlling shareholders of the subsidiary represented by the accumulated amount of R$22,372 (R$22,372 as of September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;e) <u>Treasury shares</u>

On August 2024, The Board of directors has authorized a share repurchase program, under which PagSeguro Digital Ltd. may repurchase up to US$200 million in outstanding Class A common shares. The former program (announced in 2018) was concluded after the repurchase of a total amount of US$250 million in Class A common shares.

On May 29, 2025, The Board of directors has authorized its third share repurchase program, under which PagSeguro Digital Ltd. may repurchase up to US$200 million in outstanding Class A common shares. The former program (announced in August 2024) was concluded after the repurchase of a total amount of US$200 million in Class A common shares. The new repurchase program will go into effect immediately and does not have a fixed expiration date. The Company's management is responsible for defining the timing and the number of shares to be acquired, within authorized limits.

On May 13, 2025, the Company's Board of Directors approved the cancellation of 23,930,715 common shares held in treasury, in the total amount of R$1,208,680. As a result of cancellation PagSeguro's share capital will be comprised of 305,677,709.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**22. Equity** (continued)

Treasury shares are composed of the following shares for the nine-month periods ended September 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
| **Repurchase shares** | **Shares** | **Amount** | **Average Price (US$)** |
| December 31, 2023 treasury shares | 13739418  | 760318  | 10.51  |
| Repurchase of common shares | 15244386  | 784459  | 8.93 |
| Long-term incentive plan | (3200293) | (177099) | 10.51 |
| December 31, 2024 treasury shares | 25783511  | 1367677  | 9.58  |
| **Repurchase of common shares** | **15911012**  | **744115**  | **8.13** |
| **Long-term incentive plan** | **(3067643)** | **(159803)** | **9.58** |
| **Share cancellation** | **(23930715)** | **(1208680)** | **8.98** |
| **September 30, 2025 treasury shares** | **14696165**  | **743309**  | **8.99**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;f) <u>Dividends</u> 

On May 13, 2025 the Company's Board of Directors approved the first payment of dividend of US$0.14 per common share of the Company. The dividends were paid on September 6, 2025, totaling R$236,037, being R$94,920 to UOL and R$141,117 to third-party shareholders.

On June 13, 2025 the Company's Board of Directors approved the second payment of dividend of US$0.12 per common share of the Company. The dividends were paid on August 13, 2025, totaling R$195,164, being R$81,200 to UOL and R$113,964 to third-party shareholders.

On September 3, 2025 the Company's Board of Directors approved the third payment of dividend of US$0.12 per common share of the Company. The dividends provisioned will be paid on November 3, 2025, to shareholders of record as of October 6, 2025 totaling R$185,714, being R$77,505 to UOL and R$108,209 to third-party shareholders. The provision is an estimate subject to small fluctuations caused by the exchange rate at the payment date, the final amount as disclosed in note 31.

**23. Earnings per share**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp; <u>Basic</u>

Basic earnings per share is calculated by dividing net income attributable to equity holders of PagSeguro Digital by the weighted average number of common shares issued and outstanding for the three and nine-month periods ended September 30, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three-month ended September 30,** | **Three-month ended September 30,** | **Nine-month ended September 30,** | **Nine-month ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Profit attributable to stockholders of the Company | **554486**  | 531152 | **1616337**  | 1517344 |
| Weighted average number of outstanding common shares (thousands) | **291871544**  | 317552024 | **297714189**  | 317853535 |
| Basic earnings per share - R$ | **1.8998** | 1.6726 | **5.4292** | 4.7737 |

---

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**23. Earnings per share** (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Diluted</u>

Diluted earnings per share is calculated by dividing net income attributable to equity holders of PagSeguro Digital by the weighted average number of common shares outstanding during the period plus the weighted average number of common shares that would be issued on conversion of all dilutive potential common shares into common shares. The shares in the LTIP and LTIP Goals are the only shares with potential dilutive effect. In this case, a calculation is done to determine the number of shares that could have been acquired at fair value.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three-month ended September 30,** | **Three-month ended September 30,** | **Nine-month ended September 30,** | **Nine-month ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Profit used to determine diluted earnings per share | **554486**  | 531152 | **1616337**  | 1517344 |
| Weighted average number of outstanding common shares (thousands) | **291871544**  | 317552024 | **297714189**  | 317853535 |
| Weighted average number of shares that would have been issued at average market price | **3038249**  | 3115210 | **2610164**  | 3517566 |
| Weighted average number of common shares for diluted earnings per share (thousands) | **294909793**  | 320667234 | **300324353**  | 321371101 |
|  | **1.8802** | 1.6564 | **5.3820** | 4.7215 |

---

The weighted average number of outstanding common shares decreased due to the repurchase of common shares (treasury shares).

**24. Total revenue and income**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three-month ended September 30,** | **Three-month ended September 30,** | **Nine-month ended September 30,** | **Nine-month ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Gross amount from transaction activities and other services (i) | **2315723**  | 2526023 | **6910773**  | 7828147 |
| Gross financial amount (ii) | **3005003**  | 2506305 | **8736137**  | 6564557 |
| Gross other financial amount (iii) | **257802**  | 187132 | **708437**  | 514948 |
| Total gross amount | **5578528**  | 5219460 | **16355347**  | 14907652 |
| Deductions from gross amount from transactions activities and other services (iv) | **(323109)** | (266147) | **(915579)** | (886958) |
| Deductions from gross financial amount (v) | **(81770)** | (61527) | **(213342)** | (174699) |
| Deductions from gross other financial amount (vi) | **(68239)** | (60294) | **(212690)** | (151374) |
| Total deductions from gross amount | **(473118)** | (387968) | **(1341611)** | (1213031) |
| Total revenue and income  | **5105410**  | 4831492 | **15013736**  | 13694621 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Includes mainly intermediation fee, membership fee and credit operations revenues.

&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Includes income from early payment of notes payable to third parties.

&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Includes (a) interest of financial investments and (b) gain on exchange variation.

&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deductions consist of transactions taxes.

&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deductions consist of taxes on financial income.

&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp; Deductions consist of taxes on other financial income.

------

---

| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**25. Expenses by nature**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three-month ended September 30,** | **Three-month ended September 30,** | **Nine-month ended September 30,** | **Nine-month ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transactions costs (i) | **(1694890)** | (1850927) | **(5146184)** | (5238386) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and advertising  | **(218665)** | (223463) | **(654449)** | (653043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personnel expenses (ii) | **(309936)** | (372734) | **(1005155)** | (1058594) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial costs (iii) | **(1394977)** | (964335) | **(3852323)** | (2654889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Losses (iv) | **(88321)** | (119644) | **(269321)** | (335402) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization (vi) | **(457908)** | (413026) | **(1348762)** | (1175712) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other (v) | **(304281)** | (293823) | **(904956)** | (834962) |
|  | **(4468978)** | (4237952) | **(13181150)** | (11950988) |
| Classified as: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of services | **(2395686)** | (2455377) | **(7166627)** | (6958232) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling expenses | **(443740)** | (486981) | **(1319224)** | (1391727) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative expenses | **(190017)** | (268493) | **(659615)** | (715346) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial costs | **(1394977)** | (964335) | **(3852323)** | (2654889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income (expenses), net | **(44558)** | (62766) | **(183361)** | (230794) |
|  | **(4468978)** | (4237952) | **(13181150)** | (11950988) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; Transactions costs are mainly composed by costs related to interchange fees of card issuers and card scheme fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Personnel expenses includes compensation expenses in the amount of R$2,780 and R$46,055 related to the LTIP and LTIP goals for the three and nine-month periods ended September 30, 2025 (R$41,330 and R$121,045 for the three and nine-month periods ended September 30, 2024). Personnel expenses, include capitalization of LTIP and LTIP goals in the amount of R$4,513 and R$55,568 in the three and nine-month periods ended September 30, 2025 (R$29,664 and R$90,079 in the three and nine-month periods ended September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Relates to: (i) the early collection of receivables, which amounted to R$58,279 and R$364,982 in the three and nine-month periods ended September 30, 2025 (R$82,674 and R$337,342 in the three and nine-month periods ended September 30, 2024), (ii) interest of deposits and banking accounts which amounted to R$1,130,136 and R$2,915,536 in the three and nine-month period ended September 30, 2025 (R$742,015 and R$2,093,587 in the three and nine-month periods ended September 30, 2024) and (iii) interest of borrowings which amounted to R$107,223 and R$259,885 in the three and nine-month period ended September 30, 2025 (R$62,837 and R$113,699 in the three and nine-month period ended September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Total losses refer to amounts recognized during the three and nine-month periods ended September 30, 2025 related to: (i) card processing operations (acquiring and issuing) and losses on digital accounts in the amount of R$52,700 and R$184,877 in the three and nine-month periods ended in September 30, 2025 (compared to R$86,798 and R$239,693 in the three and nine-month periods ended September 30, 2024) and (ii) Provision for delinquency rate of credit portfolio in the amount of R$35,621 and R$84,444 in the three and nine-month periods ended in September 30, 2025 (R$27,846 and R$95,709 in the three and nine-month periods ended September 30, 2024) as disclosed in note 8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) For the three and nine-month periods ended on September 30, 2025, the amount is impacted by R$38,515 and R$112,306 (R$36,725 and R$132,590 for the three and nine-month period ended September 30, 2024) related to provision of POS devices, as described in note 11. The increase in Other is mainly impacted by higher consumption of software, cloud and consulting services which amounted to R$219,463 and R$638,066 in the three and nine-month period ended September 30, 2025 (R$208,244 and R$507,923 in the three and nine-month period ended September 30, 2024).

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**25. Expenses by nature** (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Depreciation and amortization amounts incurred in the period are segregated between costs and expenses as presented below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three-month ended September 30,** | **Three-month ended September 30,** | **Nine-month ended September 30,** | **Nine-month ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Depreciation |  |  |  |  |
| Cost of services (i) | **(216916)** | (210075) | **(651760)** | (598038) |
| Selling expenses | **(2484)** | (568) | **(6100)** | (862) |
| Administrative expenses | **(7025)** | (6457) | **(20890)** | (19577) |
|  | **(226425)** | (217100) | **(678750)** | (618477) |
| Amortization |  |  |  |  |
| Cost of services  | **(246581)** | (207437) | **(712951)** | (588346) |
| Administrative expenses (ii) | **(6452)** | (6730) | **(19474)** | (20697) |
|  | **(253033)** | (214167) | **(732425)** | (609043) |
| PIS and COFINS credits (iii) | **21550** | 18241 | **62413** | 51808 |
| Depreciation and amortization expense, net | **(457908)** | (413026) | **(1348762)** | (1175712) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; The depreciation of POS in the three and nine-month periods ended September 30, 2025 amounted to R$208,843 and R$626,170 (R$200,644 and R$569,831 in the three and nine-month periods ended September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Included in this amount are LTIP and LTIP goals in the amount of R$17,536 and R$49,978 in the three and nine-month ended September 30, 2025 (R$15,316 and R$33,824 for the three and nine-month ended September 30, 2024). Additionally, has assets amortizations of acquired companies in the amount of R$5,408 and R$16,224 in the three and nine-month periods ended September 30, 2025 (R$5,408 and R$16,225 in the three and nine-month periods ended September 30, 2024).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) PagSeguro Brazil has a tax benefit on PIS and COFINS that allows it to reduce the depreciation and amortization over some operational expenses when incurred. This tax benefit is recognized directly as a reduction of depreciation and amortization expenses.

------

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**26. Financial instruments by category**

The PagSeguro Group estimates the fair value of its financial instruments using available market information and appropriate valuation methodologies for each situation.

The interpretation of market data, as regards the choice of methodologies, requires considerable judgment and the establishment of estimates to reach an amount considered appropriate for each situation. Therefore, the estimates presented may not necessarily indicate the amounts that could be obtained in the current market. The use of different hypotheses to calculate market value or fair value may have a material impact on the amounts obtained. The assets and liabilities presented in this note were selected based on their relevance.

The PagSeguro Group believes that the financial instruments recognized in these consolidated interim financial statements at their carrying amount are substantially similar to their fair value. However, since they do not have an active market (except for the LFT included in financial investments, which is actively traded in the market), variations could occur in the event the PagSeguro Group were to decide to settle or realize them in advance.

The PagSeguro Group classifies its financial instruments into the following categories:

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **December 31, 2024** |
| **Financial assets** |  |  |
| **Amortized cost:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | **1427303**  | 927668  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial investments | **394546**  | 362979  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivables  | **55235828**  | 57984253  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compulsory reserve | **3951385**  | 4627645  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other receivables | **318748**  | 284367  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Judicial deposits | **111983**  | 79591  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables from related parties | **27822**  | 31849  |
| **Fair value through other comprehensive income** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivables  | **3819897** | 1819020  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial investments | **64529** | 124945  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compulsory reserve | **136363** | 133759  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | **-** | 58470  |
|  | **65488404** | 66434546  |
| **Financial liabilities** | **September 30, 2025** | **December 31, 2024** |
| Amortized cost: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payables to third parties | **9953499**  | 11642218  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligations to FIDC quota holders | **1128717** | 1151384  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking Accounts | **10480421** | 12030573  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade payables | **549292**  | 663229  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends payables | **185714**  | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payables to related parties | **907375**  | 1131246  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banking Issuances | **28969498**  | 24089234  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings  | **2398160**  | 4521503  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | **113931**  | 145428  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | **132694**  | 198734  |
| **Fair value through profit or loss** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | **50402** | 67181  |
| **Fair value through other comprehensive income** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative financial instruments | **100096** | 2788  |
|  | **54969799** | 55643518  |

---

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**27. Financial risk management**

The PagSeguro Group's activities expose it to a variety of financial risks: market risk, fraud risk (total losses), credit risk and liquidity risk. The PagSeguro Group's overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the PagSeguro Group's financial performance.

<u>Market risk</u>

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. In the Pagseguro Group, market risk comprises interest rate risk and foreign currency risk and other price risk, such as equity price risk.

<u>Interest rate risk</u>

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Pagseguro Group's exposure to the risk of changes in market interest rates arises primarily from financial investments and deposits both subject to variable interest rates, principally the CDI rate. The Pagseguro Group conducted a sensitivity analysis for the following twelve month of the interest rate risks to which the financial instruments are exposed as of September 30, 2025. For this analysis, the Pagseguro Group adopted a probable scenario maintaining the actual interest rates of 14.90% for the CDI and two simulations with a 100 bps to increase and decrease with a interest rates of 15.90% and 13.90% of the CDI, respectively. As a result, financial income (with respect to financial investments) and financial expense (with respect to certificate of deposit, corporate securities, banking accounts and interbank deposits) would be impacted as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Transaction** | **Interest rate risk** | **Book Value** | **Probable scenario with maintaining of CDI (14.90%)** | **Simulated scenario with increase to 15.90%** | **Simulated scenario with decrease to 13.90%** |
| Short-term investment | 100% of CDI | **649602**  | **96791**  | **103287**  | **90295**  |
| Financial investments | 100% of CDI | **459075**  | **68402**  | **72993**  | **63811**  |
| Compulsory reserve | 100% of CDI | **4087747**  | **609074**  | **649952**  | **568197**  |
| Certificate of Deposit  | 104% of CDI | **17702384**  | **(2743161)** | **(2927266)** | **(2559057)** |
| Certificate of Deposit - related party | 105% of CDI | **848601**  | **(132764)** | **(141674)** | **(123853)** |
| Interbank deposits | 107% of CDI | **11267114**  | **(1796316)** | **(1916874)** | **(1675758)** |
| Checking Accounts | 47% of CDI | **10480421**  | **(733944)** | **(783202)** | **(684686)** |
| Borrowings  | 105% of CDI | **2398160**  | **(375192)** | **(400373)** | **(350011)** |
| Obligations to FIDC quota holders | 107% of CDI | **1128717**  | **(179951)** | **(192029)** | **(167874)** |
| **Total** |  |  | **(5187061)** | **(5535186)** | **(4838936)** |

---

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**27. Financial risk management** (continued)

<u>Foreign exchange risk</u>

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Pagseguro Group's exposure to the risk when future commercial transactions or recognized assets or liabilities are denominated in a currency that is not the entity's functional currency. The Company's risk is mainly related to POS purchases. Pagseguro Tecnologia, BCPS, PSGP Mexico, Pagseguro Colombia, Pagseguro Chile and Pagseguro Peru that have revenues in other currencies and cash and cash equivalents maintained in other countries foreign currency exposure generated in companies like PagSeguro Colombia, PagSeguro Chile, are being hedged through a non-derivative forward.

<u>Equity price risk</u>

The Pagseguro Group's non-listed equity investments are susceptible to market price risk arising from uncertainties about future values of the investment. As of September 30, 2025, and December 31, 2024, the exposure to equity price from such investments was not material.

<u>Fraud risk (chargeback)</u>

The PagSeguro Group's sales transactions are susceptible to potentially fraudulent or improper sales and it uses the following two processes to control the fraud risk:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The first process consists of monitoring, on a real time basis, the transactions carried out with credit and debit cards and payment slips, through an anti-fraud system. This process approves or rejects suspicious transactions at the time of the authorization, based on statistical models that are revised on a periodic basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The second process detects chargebacks and disputes not identified by the first process. This is a supplemental process and increases the PagSeguro Group's ability to avoid new frauds. PagSeguro's expenses with chargebacks are disclosed in note 25.

<u>Credit risk</u>

Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Pagseguro Group's is exposed to credit risk from its operating activities (primarily accounts receivable) and from its financing activities, including deposits with banks and financial institutions, and other financial instruments such as loans and credit card receivables with the Company's customers.

Credit risk is managed on a group basis and for its accounts receivable is limited to the possibility of default by: (a) the card issuers, which have the obligation of transferring to the credit and debit card labels the fees charged for the transactions carried out by their card holders, (b) the acquirers, which are used by the PagSeguro Group's to approve transactions with the issuers and (c) analyses for the customers background to provide access to credit portfolio.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**27. Financial risk management** (continued)

In order to mitigate this risk, PagSeguro Brazil has established a Credit Committee, whose responsibility is to assess the level of risk of each of the card issuers served by PagSeguro Group, classifying them into three groups:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Card issuers with a low level of risk, with credit ratings assigned by FITCH, S&P and Moody's, which do not require additional monitoring; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Card issuers with a medium level of risk, which are also monitored in accordance with the financial metrics and ratios; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Card issuers with a high level of risk, which are assessed by the committee at monthly meetings.

PagSeguro Group has a rating process for loans and credit, based on statistical application models (in the early stages of customer relationships) and behavior scoring (used for customers who already have a relationship history). A process for designing, calibrating, and implementing policies and guidelines for granting credit and calibrating collection rules.

A process for monitoring the portfolio's risk profile, with a prospective view, which generates early warning feedbacks to the credit granting policies and risk classification models in a timely manner.

<u>Liquidity risk</u>

The PagSeguro Group manages liquidity risk by maintaining reserves, bank and credit lines in order to obtain borrowings, when deemed appropriate. The PagSeguro Group continuously monitors actual and projected cash flows and matches the maturity profile of its financial assets and liabilities in order to ensure that the PagSeguro Group has enough funds to honor its obligations to third parties and meet its operational needs.

The PagSeguro Group invests surplus cash in interest bearings financial investments, choosing instruments with appropriate maturity or enough liquidity to provide adequate margin as determined by the forecasts. On September 30, 2025, PagSeguro Group held cash and cash equivalents of R$1,427,303 (R$927,668 on December 31, 2024).

The table below shows the PagSeguro Group's non-derivative financial liabilities divided into the relevant maturity group based on the remaining period from the balance sheet date and the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**27. Financial risk management** (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Due within 30 days** | **Due within 31 to 120 days** | **Due within 121 to 180 days** | **Due within 181 to 360 days** | **Due to 361 days or more days** |
| **On September 30, 2025** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Payables to third parties | **5053475** | **3050548** | **866532** | **900253** | **82690** |
| &nbsp;&nbsp;&nbsp;Checking accounts | **10611426** | -  | -  | -  | -  |
| &nbsp;&nbsp;&nbsp;Obligations to FIDC quota holders | **-**  | **-**  | **-**  | **-**  | **1309876**  |
| &nbsp;&nbsp;&nbsp;Trade payables | **546277**  | **2896**  | **119**  | **-**  | **-**  |
| &nbsp;&nbsp;&nbsp;Payables to related parties | **-**  | **58774**  | **-**  | **135880**  | **836896**  |
| &nbsp;&nbsp;&nbsp;Borrowings  | **833385**  | **656086**  | **994282**  | **-** | **-**  |
| &nbsp;&nbsp;&nbsp;Banking issuances | **5547994** | **451847**  | **188653**  | **9140450**  | **10652872**  |
| **On December 31, 2024** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Payables to third parties | 7408721  | 2902945  | 607624  | 638359  | 84570  |
| &nbsp;&nbsp;&nbsp;Checking accounts | 12153386  | -  | -  | -  | -  |
| &nbsp;&nbsp;&nbsp;Obligations to FIDC quota holders | -  | -  | -  | 147729  | 1151767  |
| &nbsp;&nbsp;&nbsp;Trade payables | 590500  | 72092  | 347  | 291  | -  |
| &nbsp;&nbsp;&nbsp;Trade payables to related parties | -  | 70285  | -  | 50460  | 1142913  |
| &nbsp;&nbsp;&nbsp;Borrowings  | 2540481  | 1409264  | -  | 707278  | -  |
| &nbsp;&nbsp;&nbsp;Banking issuances | 4337470  | 5435056  | 806348  | 2603457  | 12943828  |

---

<u>Social, environmental and climate risks</u>

Social, environmental and climate risks are the possibility of losses due to exposure to events of social, environmental and/or climate origin related to the activities carried out by the PagSeguro Group. Management evaluated the social, environmental and climate factors in which its businesses are inserted and considers them to have a low impact on the creation of shared value in the short, medium, and long term.

In the specific case of climate risks, they are divided into two categories: (i) physical risks, stemming from changes in weather patterns, such as increased rainfall, droughts, and extreme climate events, and (ii) transition risks, related to impacts associated with adaptation to a low-carbon economy, including new regulations, technological changes, and shifts in consumer preferences. For the purposes of climate risk analysis, the Group uses the Task Force on Climate-related Financial Disclosures (TCFD) methodology and the methodologies within the Central Bank's regulatory framework.

Despite this, to mitigate social, environmental and climate risks, actions are carried out to analyze processes, risks and controls, follow up on new rules related to the topic and record occurrences in internal systems. In addition to identification, the stages of prioritization, risk response, mitigation, monitoring and reporting of assessed risks complement the management of this risk at the PagSeguro Group.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**28. Derivative Financial Instruments designated to Hedge Accounting**

The Pagseguro Group trades derivative financial instruments (SWAPs) to manage its overall exposures (foreign currency, inflation index and interest rate).

i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash flow hedge

In December 2024 and January 2025, the PagSeguro Group entered in an EU€100 million and EU€150 million borrowings agreements, respectively, with a maturity of one-year from the execution date and the payments will be made with a single instalment as the due date. In both operations, the Company contracted into a swaps, with the specific objective to protect said borrowings from fluctuations arising from exchange variation, changing the risk to CDI. All the amounts are covered with the derivatives and the same due date is applied.

Below is the composition of the derivative financial instrument's portfolio by type of instrument, asset value, liability value and fair value, financial instrument and MTM registered in OCI:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Risk factor** | **Liabilities (i)** | **Financial Instruments (ii)** | **Fair Value** | **MTM** |
| **Swap of currency EUR** | **(632364)** | **(29681)** | **(30408)** | **727**  |
| **Swap of currency EUR** | **(945947)** | **(33480)** | **(34847)** | **1367**  |
| December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Risk factor | Liabilities (i) | Financial Instruments (ii) | Fair Value | MTM |
| Swap of currency EUR | (644960) | 2437  | 7024  | (4587) |
| Swap of currency USD | (253098) | 55467  | 47760  | 7707  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp; The amounts include taxes that was presented in taxes and contributions.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the balance sheet the amounts presented in derivative financial instruments include others financial instruments not-designated to hedge accounting.

ii) Fair value hedge

The PagSeguro Group issued certificate of deposits with interest rates correlated to the IPCA (Brazilian inflation rates) and interest fixed rates. For these certificates of deposits, the Group entered into swaps with the specific objective of protecting said deposits from fluctuations arising from inflation and high interest rates, changing them for CDI rates. All the amounts, which include principal and interest, are covered and the same due dates are applied. Below is the composition of the derivative financial instrument portfolio by type of instrument, liability value and fair value, financial instrument and MTM registered in profit and loss.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
|  | **Asset (Liability)** | **Financial Instruments (i)** | **Fair Value** | **MTM** |
| **Payroll loans portfolio** | **361928**  | **(223)** | **(4035)** | **3811**  |
| **Fixed rated CDB** | **(9808131)** | **(36935)** | **(54873)** | **17939**  |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Asset (Liability)  | Financial Instruments (i) | Fair Value | MTM |
| Payroll loans portfolio | 697913  | 2025  | (694) | 2719  |
| Fixed rated CDB | (9887820) | (57453) | (29178) | (28275) |

---

(i)&nbsp;&nbsp;&nbsp;&nbsp; In the balance sheet the amounts presented in derivative financial instruments include others financial instruments not-designated to hedge accounting.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

---

Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**28. Derivative Financial Instruments designated to Hedge Accounting** (continued)

The structure of risk limits is extended to the risk factor level, where specific limits aim at improving the monitoring and understanding processes, as well as avoiding concentration of these risks, Additionally, as the main financial assets and financial liabilities of the Group are measured by CDI, the PagSeguro Group's strategy is to change any other risk factors to CDI**.** The PagSeguro Group undertakes risk management through the economic relationship between hedge instruments and hedged item, in which it is expected that these instruments will move in opposite directions, in the same proportions, with the aim of neutralizing the risk factors. The Group performs the hedging account effectiveness as each reporting date test and for the three and nine-month period ended September 30, 2025 and the year ended December 31, 2024, these tests were effective.

**29. Non-cash Transactions**

---

| | | |
|:---|:---|:---|
|  | **Nine-month period ended September 30,** | **Nine-month period ended September 30,** |
|  | **2025** | **2024** |
| **Non-cash operation activities** |  |  |
| Distribution of LTIP with treasury shares | **159803** | 177099 |
| Share cancellation | **1208680** | - |
| MTM of financial assets | **(123276)** | (22464) |
| **Non-cash investing activities** |  |  |
| Property and equipment acquired through lease | **7552** | 3981 |

---

**30. Fair value measurement**

Fair value is the price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants at the measurement date. A three-level hierarchy is used to measure fair value, as shown below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; Level 1 - Quoted prices (unadjusted) in active markets for identical assets and liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●&nbsp;&nbsp;&nbsp;&nbsp; Level 3 - Inputs for the assets and liabilities that are not based on observable market data (that is, unobservable inputs).

The PagSeguro Group believes that the financial instruments recognized in these consolidated interim financial statements at their carrying amount are substantially similar to its fair value. Regarding financial assets, they are comprised by accounts receivable from credit/debit card issuers and acquirers originated from transactions through PagSeguro Group payment platform comprised of transactions approved by large financial institutions in the normal course of business. The financial investments are represented by government bonds with quoted prices in an active market and recognized in the balance sheet based on its fair value.

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**30. Fair value measurement** (continued)

Financial liabilities are mostly represented by deposits and short-term payables to merchants which are paid in accordance with the contract set out with the merchant and other short-term payables to service providers in the normal course of business and, as such, also approximate from their fair values. There were no transfers between Levels 1, 2 and 3 in 2025.

The following table provides the fair value measurement hierarchy of PagSeguro Group's financial assets and financial liabilities as of September 30, 2025:

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| | | | |
|:---|:---|:---|:---|
|  | **Quoted prices in active markets (Level 1)** | **Significant observable inputs (Level 2)** | **Significant unobservable inputs (Level 3)** |
| Financial assets |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | **27828** | **1399475** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Financial investments | **64529** | **394546** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Compulsory reserve | **4087747** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Accounts receivable | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **59055725** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Other receivables | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **318748** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Judicial deposits | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **111983** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Receivables from related parties | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **27822** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| Financial liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;Payables to third parties | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **9953499** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Checking Accounts | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **10480421** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Obligations to FIDC quota holders | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **1128717** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Trade payables | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **549292** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Payables to related parties | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **907375** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Dividends to be paid | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **185714** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Banking Issuances | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **28969498** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Borrowings | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **2398160** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Derivative Financial Instruments | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **150498** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Deferred revenue | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **113931** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |
| &nbsp;&nbsp;&nbsp;Other liabilities | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  | **132694** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -**  |

---

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | ![Graphics](c596ca262bf13cd292a1.jpg) |

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Notes to the unaudited condensed consolidated interim financial statements

As of September 30, 2025 and for the three and nine-month periods ended September 30, 2025 and 2024

(All amounts in thousands of reais unless otherwise stated)

**30. Fair value measurement** (continued)

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| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Quoted prices in active markets (Level 1) | Significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) |
|  Financial assets  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cash and cash equivalents  | 27730  | 899938  | -  |
| &nbsp;&nbsp;&nbsp; Financial investments  | 124945  | 362979  | -  |
| &nbsp;&nbsp;&nbsp; Compulsory reserve  | 4761404  | -  | -  |
| &nbsp;&nbsp;&nbsp; Accounts receivable  | -  | 59803273  | -  |
| &nbsp;&nbsp;&nbsp; Derivative financial instruments  | **-**  | 58470  | -  |
| &nbsp;&nbsp;&nbsp; Other receivables  | **-**  | 284367  | -  |
| &nbsp;&nbsp;&nbsp; Judicial deposits  | **-**  | 79591  | -  |
| &nbsp;&nbsp;&nbsp; Receivables from related parties  | **-**  | 31849  | -  |
| Financial liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp; Payables to third parties  | **-**  | 11642218  | -  |
| &nbsp;&nbsp;&nbsp; Checking accounts  | **-**  | 12030573  | -  |
| &nbsp;&nbsp;&nbsp; Obligations to FIDC quota holders  | **-**  | 1151384  | -  |
| &nbsp;&nbsp;&nbsp; Trade payables  | **-**  | 663229  | -  |
| &nbsp;&nbsp;&nbsp; Payables to related parties  | **-**  | 1131246  | -  |
| &nbsp;&nbsp;&nbsp; Deposits  | **-**  | 24089234  | -  |
| &nbsp;&nbsp;&nbsp; Derivative financial instruments  | **-**  | 4521503  | -  |
| &nbsp;&nbsp;&nbsp; Borrowings  | **-**  | 69969  | -  |
| &nbsp;&nbsp;&nbsp; Deferred revenue  | **-**  | 145428  | -  |
| &nbsp;&nbsp;&nbsp; Other liabilities  | **-**  | 198734  | -  |

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**31. Subsequent Events**

In October, 2025 the PagSeguro Group paid R$829,571 related to a borrowing agreement in March, 2025.

In October, 2025 the PagSeguro Group repurchased 2,630,927 shares in the total amount of R$135,831 and the average price of U$9.35.

On October 30, 2025 and November 3, 2025 the PagSeguro Group paid the total amount of R$187,534 related the dividends being R$77,342 to UOL and R$110,191 to third-party shareholders, respectively.

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**SIGNATURES**

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.

Date: November 12, 2025

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| | |
|:---|:---|
| **PagSeguro Digital Ltd.** | **PagSeguro Digital Ltd.** |
| By: | /s/ Artur Schunck |
| Name: | Artur Schunck |
| Title: | Chief Financial Officer, <br>Chief Accounting Officer and <br>Investor Relations Officer |

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