$IFS

Intercorp Financial Services Inc.

CIK:0001615903|SEC Filings

Consolidated statement of income - PEN (S/) shares in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Interest and similar income	S/ 6,888,377,000	S/ 7,029,391,000	S/ 7,120,411,000
Interest and similar expenses	(2,258,971,000)	(2,480,270,000)	(2,592,366,000)
Net interest and similar income	4,629,406,000	4,549,121,000	4,528,045,000
Impairment loss on loans, net of recoveries	(1,136,707,000)	(1,720,179,000)	(1,981,818,000)
Loss due to impairment of financial investments	(263,761,000)	(47,521,000)	(7,500,000)
Net interest and similar income after impairment loss	3,228,938,000	2,781,421,000	2,538,727,000
Fee income from financial services, net	1,219,631,000	1,142,943,000	1,178,462,000
Net gain on foreign exchange transactions	409,737,000	433,691,000	306,431,000
Net gain (loss) on sale of financial investments	102,055,000	26,544,000	6,431,000
Net gain on financial assets at fair value through profit or loss	362,033,000	81,990,000	15,181,000
Net gain on investment property	182,588,000	128,164,000	73,072,000
Other income	141,463,000	121,222,000	156,700,000
Other operating income	2,417,507,000	1,934,554,000	1,736,277,000
Result from insurance activities	(47,797,000)	(169,789,000)	(178,392,000)
Other expenses
Salaries and employee benefits	(1,115,613,000)	(955,246,000)	(897,275,000)
Administrative expenses	(1,436,828,000)	(1,336,954,000)	(1,288,862,000)
Depreciation and amortization	(450,267,000)	(413,057,000)	(379,038,000)
Other expenses	(160,497,000)	(194,959,000)	(184,992,000)
Operating expense	(3,163,205,000)	(2,900,216,000)	(2,750,167,000)
Income before exchange difference and Income Tax	2,435,443,000	1,645,970,000	1,346,445,000
Exchange difference	38,004,000	(24,144,000)	8,427,000
Income Tax	(530,252,000)	(314,365,000)	(275,596,000)
Net profit for the year	1,943,195,000	1,307,461,000	1,079,276,000
Attributable to:
IFS's shareholders	1,932,470,000	1,300,078,000	1,072,728,000
Non-controlling interest	10,725,000	7,383,000	6,548,000
Net profit for the year	S/ 1,943,195,000	S/ 1,307,461,000	S/ 1,079,276,000
Earnings per share attributable to IFS's shareholders, basic (stated in Soles)	S/ 17.299	S/ 11.376	S/ 9.327
Earnings per share attributable to IFS's shareholders, diluted (stated in Soles)	S/ 17.299	S/ 11.376	S/ 9.327
Weighted average number of outstanding shares (in thousands)	111,713	114,287	115,012

Consolidated statements of cash flows - PEN (S/)	12 Months Ended
Consolidated statements of cash flows - PEN (S/)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net profit for the year	S/ 1,943,195,000	S/ 1,307,461,000	S/ 1,079,276,000
Adjustments to reconcile net profit to net cash flows
Impairment loss on loans, net of recoveries	1,136,707,000	1,720,179,000	1,981,818,000
Loss due to impairment of financial investments	263,761,000	47,521,000	7,500,000
Depreciation and amortization	450,267,000	413,057,000	379,038,000
Provision for sundry risks	2,633,000	29,290,000	4,138,000
Deferred Income Tax	(37,490,000)	100,053,000	102,244,000
Net gain on sale of financial investments	(102,055,000)	(26,544,000)	(6,431,000)
Net gain on financial assets at fair value through profit or loss	(362,033,000)	(81,990,000)	(15,181,000)
Net gain on valuation of investment property	(101,104,000)	(60,260,000)	(7,111,000)
Net (gain) loss on sale of investment property		3,176,000
Gain on sale of property, furniture and equipment	(2,078,000)	(12,879,000)	(15,300,000)
Exchange difference	(38,004,000)	24,144,000	(8,427,000)
Net changes in assets and liabilities
Net increase in loan portfolio	(2,692,565,000)	(4,523,015,000)	(2,883,998,000)
Net decrease (increase) in other accounts receivable and other assets	508,944,000	(245,377,000)	(295,748,000)
Net (increase) decrease in restricted funds	(1,056,144,000)	100,925,000	(246,775,000)
Increase in deposits and obligations	2,204,284,000	4,687,587,000	503,544,000
Decrease (increase) in accrued interest receivable	22,494,000	58,688,000	(167,468,000)
(Decrease) increase in accrued interest payable	(68,442,000)	(120,753,000)	194,285,000
(Decrease) increase in due to banks and correspondents	(367,271,000)	(1,445,205,000)	1,837,830,000
Increase in other accounts payable, provisions and other liabilities	336,571,000	1,422,823,000	558,971,000
Decrease (increase) of investments at fair value through profit or loss	94,499,000	(125,386,000)	323,112,000
Income Tax paid	(305,590,000)	(363,463,000)	(450,125,000)
Net cash provided by operating activities	1,830,579,000	2,910,032,000	2,875,192,000
Cash flows from investing activities
(Purchase) sale of investments at fair value through other comprehensive income	(257,231,000)	722,080,000	(2,957,858,000)
Purchase of investments at amortized cost	(98,667,000)	(401,898,000)	(162,598,000)
Purchase of property, furniture and equipment	(301,435,000)	(104,719,000)	(147,645,000)
Purchase of intangible assets	(221,967,000)	(245,334,000)	(280,388,000)
Purchase of investment property	(62,723,000)	(61,812,000)	(16,903,000)
Sale of investment property		39,176,000
Sale of property, furniture and equipment	3,461,000	45,462,000	32,667,000
Net cash used in investing activities	(938,562,000)	(7,045,000)	(3,532,725,000)
Cash flows from financing activities
Dividends paid	(406,830,000)	(427,369,000)	(511,788,000)
Issuance of securities, bonds and obligations in circulation	1,625,953,000	1,706,371,000
Payments of bonds, notes and other obligations	(1,502,749,000)	(1,266,504,000)	(2,189,040,000)
Net decrease (increase) in receivable inter-bank funds	180,054,000	304,855,000	(228,796,000)
Net increase (decrease) in payable inter-bank funds	54,992,000	(121,438,000)	91,245,000
Purchase of treasury stock, net	(262,549,000)	(122,688,000)	(80,946,000)
Dividend payments to non-controlling interest	(3,040,000)	(2,911,000)	(4,776,000)
Lease payments	(83,054,000)	(82,644,000)	(89,334,000)
Net cash used in financing activities	(397,223,000)	(12,328,000)	(3,013,435,000)
Net increase (decrease) in cash and cash equivalents	494,794,000	2,890,659,000	(3,670,968,000)
Translation (loss) gain on cash and cash equivalents	(124,217,000)	12,496,000	37,403,000
Cash and cash equivalents at the beginning of the year	11,977,366,000	9,074,211,000	12,707,776,000
Cash and cash equivalents at the end of the year, Note 3.4(ad)	12,347,943,000	11,977,366,000	9,074,211,000
Cash paid by -
Interest	2,114,166,000	2,426,411,000	2,253,881,000
Dividends	423,136,000	430,280,000	516,564,000
Income Tax	305,590,000	363,463,000	450,125,000
Cash received from -
Interest	6,817,200,000	7,025,584,000	6,905,711,000
Dividends received	81,924,000	50,862,000	52,215,000
Non-cash transactions -
Recognition of right-of-use assets	S/ 48,851,000	S/ 105,860,000	S/ 35,901,000

Consolidated statement of financial position - PEN (S/) S/ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Cash and due from banks
Non-interest bearing	S/ 3,196,910	S/ 4,021,880
Interest bearing	9,163,129	7,973,580
Restricted funds	1,675,910	619,766
Cash and cash equivalents	14,035,949	12,615,226
Inter-bank funds	40,006	220,060
Financial investments	28,173,806	26,857,925
Loans, net
Loans, net of unearned interest	52,361,192	50,959,615
Impairment allowance for loans	(1,591,042)	(1,730,167)
Loans and receivables	50,770,150	49,229,448
Investment property	1,540,615	1,381,788
Property, furniture and equipment, net	967,293	814,432
Due from customers on acceptances	51,332	9,163
Intangibles and goodwill, net	1,626,106	1,667,753
Other accounts receivable and other assets, net	1,793,116	2,670,178
Reinsurance contract assets	57,182	18,602
Deferred Income Tax asset, net	41,872	19,206
Total assets	99,097,427	95,503,781
Deposits and obligations
Non-interest bearing	7,759,676	7,614,593
Interest bearing	48,267,954	46,153,435
Total	56,027,630	53,768,028
Inter-bank funds	55,019
Due to banks and correspondents	7,166,014	7,562,057
Bonds, notes and other obligations	5,590,408	6,075,433
Due to customers on acceptances	51,332	9,163
Insurance and reinsurance contract liabilities	13,063,254	12,524,320
Other accounts payable, provisions and other liabilities	4,585,800	4,445,532
Deferred Income Tax liability, net	136,126	140,653
Total liabilities	86,675,583	84,525,186
Equity attributable to IFS's shareholders:
Capital stock	1,038,017	1,038,017
Treasury stock	(469,546)	(206,997)
Capital surplus	532,771	532,771
Reserves	9,100,000	8,300,000
Unrealized results, net	(36,034)	(187,830)
Retained earnings	2,183,383	1,439,274
Equity attributable to owners of parent	12,348,591	10,915,235
Non-controlling interest	73,253	63,360
Total equity	12,421,844	10,978,595
Total liabilities and equity	S/ 99,097,427	S/ 95,503,781