Nu Holdings Ltd. (NYSE: NU) today announced that its Board of Directors has approved a share repurchase program of up to US$1.0 billion of the Company's Class A ordinary shares, to be conducted over a 12-month period beginning June 4, 2026.
The program is the output of a deliberate capital allocation policy. Nu's operations are now generating significant capital, and the Board determined that repurchasing the Company's shares represents an attractive use of that capital. All growth investments across Brazil, Mexico, Colombia and the United States, including regulatory capital buffers, remain fully funded and unchanged.
Repurchases may be made from time to time in the open market in compliance with Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934. The program does not obligate the Company to repurchase any specific number of shares and may be suspended, modified, extended or discontinued at any time.