Inter & Co Inc-A 2026年年度报告和过渡报告

FORM 20-F For the fiscal year ended December 31, 2025 Commission file number:001-41419 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. No☐ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or15(d) of the Securities Exchange Act of 1934. No☒ 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 ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. No☐ Yes☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growthcompany. See definition of “large accelerated filer,” “accelerated filers,” 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☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registranthas elected not to use the extended transition period for complying with any new or revised financial accounting standards† providedpursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: International Financial Reporting Standards asissued by the International AccountingStandards Board☒ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant haselected to follow. Item 17☐ Item 18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ TABLE OF CONTENTS Presentation of Financial and other InformationForward-Looking Statements ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS A. Directors and Senior ManagementB. AdvisersC. Auditors ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE A. Offer StatisticsB. Method and Expected Timetable ITEM 3. KEY INFORMATION A. ReservedB. Capitalization and IndebtednessC. Reasons for the Offer and Use of ProceedsD. Risk Factors ITEM 4. INFORMATION ON THE COMPANY A. History and Development of the CompanyB. Business OverviewC. Organizational StructureD. Property, Plant and Equipment ITEM 4A. UNRESOLVED STAFF COMMENTS ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS A. Operating ResultsB. Liquidity and Capital ResourcesC. Research and Development, Patents and Licenses, Etc.D. Trend InformationE. Critical Accounting Estimates ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES A. Directors and senior managementB. CompensationC. Board PracticesD. EmployeesE. Share ownership ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS A. Major ShareholdersB. Related party transactionsC. Interests of experts and counsel ITEM 8. FINANCIAL INFORMATION A. Consolidated statements and other financial informationB. Significant changes ITEM 9. THE OFFER AND LISTING A. Offering and listing detailsB. Plan of distributionC. MarketsD. Selling shareholdersE. DilutionF. Expenses of the issue ITEM 10. ADDITIONAL INFORMATION A. Share capitalB. Memorandum and articles of associationC. Material contractsD. Exchange controlsE. TaxationF. Dividends and paying agentsG. Statement by expertsH. Documents on displayI. Subsidiary information ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES A.Debt securitiesB.Warrants and rightsC.Other securitiesD.American d