Nu Holdings Ltd-A 2025年年度报告和过渡报告

FORM20-F (Mark One)☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934OR☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31, 2024OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934OR☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Date of event requiring this shell company reportFor the transition period fromto Commission file number:001-41129 Nu Holdings Ltd.(Exact name of Registrant as specified in its charter)Nu Holdings Ltd.(Translation of Registrant’s name into English)Cayman Islands(Jurisdiction of incorporation or organization)Campbells Corporate Services Limited, Floor 4,Willow House, Cricket Square,KY1-9010Grand Cayman,Cayman Islands+1 345 949 2648(Address of principal executive offices)Guilherme Marques do Lago, Chief Financial OfficerTel: +55 (11)4020-0185investors@nubank.com.brRua Capote Valente, 39Pinheiros–São PauloBrazil05409-000(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)Copies to: Manuel Garciadiaz | Byron B. RooneyDavis Polk & Wardwell LLPPhone: (212) 450-4000 Fax: (212) 701-5800450 Lexington Avenue | New York, NYUSA 10017 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,”“accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large Accelerated Filer☒Accelerated Filer☐Non-accelerated Filer☐Emerging growth company☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements:☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b):☐ Table of contents Presentation of Financial and Other Information All references to “U.S. dollars,” “dollars,” or “US$” are to the U.S. dollar. All references to “IFRS” are to International FinancialReporting Standards (IFRS) – Accounting Standards as issued by the International Accounting Standards Board (IFRS-Accounting Standards). Financial Statements Nu Holdings Ltd. (“Nu,” “Company,” “Group,” “we,” “us,” “our,” “our company” and “our business”) was incorporated inthe Cayman Islands on February 26, 2016, as an exempted company incorporated with limited liability. We maintain our books and records in U.S. dollars, which is the presentation currency for our financial statements and also our functionalcurrency. The functional currency of our Brazilian, Mexican and Colombian operating entities, respectively, is the Brazilian real, the Mexicanpeso and the Colombian peso. The financial statements of each of our subsidiaries are maintained using the relevant functional currency foreach subsidiary, which we determine is the currency that best reflects the economic substance of the underlying events and circumstancesrelevant to that entity. See note 2.a to our audited consolidated financial statements, included elsewhere in this annual report, for moreinformation about our and our subsidiaries’ functional currencies. Our consolidated financial statements were prepared in accordance with IFRS. Unless otherwise noted, our consolidated statement offinancial position data presented herein as of December 31, 2024 and 2023 and the consolidated statements of income for the years endedDecember 31, 2024, 2023 and 2022 is stated in U.S. dollars, our reporting currency. Our consolidated financial information contained in thisannual report is derived from our audited consolidated financial statements as of December 31, 2024 and 2023 and for the years endedDecember 31, 2024, 2023 and 2022, together with the notes thereto. This financial information should be read in conjunction with “Item 5. Operating and Financial Review and Prospects” and ourconsolidated financial statements, including the notes thereto, included elsewhere in this annual report. Our fiscal year ends on December 31. References in this annual report to a fiscal year, s