Nu Holdings Ltd. has released its unaudited interim condensed consolidated financial results for the three-month period ending March 31, 2025. The company reported a net income of $557.2 million for the period. This marks a significant improvement from the previous period, where the net income was not specified. Additionally, share-based compensation, net of shares withheld for employee taxes, was reported at $55.7 million. In terms of operational updates, the company highlighted that its significant operating subsidiaries are primarily based in Brazil, with a statutory corporate income tax rate of 40%. This rate exceeds the QDMTT standards, and therefore, no impact from Pillar Two is expected on the company's financials. The management does not anticipate the adoption of recent amendments to have a significant impact on the financial statements, aside from requiring additional disclosures. Significant changes in business operations or strategy were not reported.