The latest data point for NU's operating ROA metrics, as of Q4'25, shows ROE at 7.90%, ROA at 1.19%, and ROIC at 1.19%. This reflects a strong performance in ROE compared to the more modest levels in ROA and ROIC, indicating efficient use of equity in generating returns. Over the period from Q1'23 to Q4'25, ROE exhibited a consistent upward trend, rising from 2.72% to 7.90% with minor fluctuations, highlighting improving profitability on equity. ROA followed a similar growth pattern, increasing steadily from 0.48% to 1.19%, though it remained lower overall, suggesting moderate asset efficiency. ROIC displayed more volatility, peaking at 4.78% in Q4'24 before declining to 1.19% in Q4'25, with notable dips in Q1'24 (0.95%) and Q2'25 (1.53%), pointing to inconsistent returns on invested capital amid operational shifts.