Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of May 2026. The report serves as a formal notice to shareholders regarding the Board of Directors' decision to declare Interest on Capital (IoC) based on the balance sheet as of April 30, 2026.
Key Financial Metrics
The filing details a specific capital distribution event rather than full-period financial performance metrics.
- Total Gross Interest on Capital (IoC): R$600,000,000.00
- Total Net IoC (after 17.5% withholding tax): R$495,000,000.00
- Gross Amount per Share: R$0.18775779427
- Net Amount per Share: R$0.15490018027
- Withholding Tax Rate: 17.5% (standard rate)
Note: The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, total debt, or liquidity ratios for the period.
Material Changes and Distribution Details
The primary material event is the declaration of IoC, which will be considered part of the mandatory dividends for the fiscal year ending December 31, 2026, subject to ratification by the Ordinary General Shareholders' Meeting in 2027.
- Declaration Date: May 15, 2026
- Record Date (Shareholding Position): May 27, 2026
- Ex-IoC Trading Date: May 28, 2026 (Shares trade ex-IoC after the record date)
- Payment Date: On or before May 30, 2027 (Exact date to be set by the Executive Board)
Outlook, Risks, and Contingencies
Management notes that the per-share amount may be adjusted based on the shareholding base on the record date due to potential share acquisitions under the Company's current Share Buyback Program.
Tax Contingencies: Shareholders subject to differentiated withholding income tax regimes (IRRF) due to international treaties, or those claiming exemptions/immunities, must provide evidence of such status by June 3, 2026, to the depositary institution (Banco Bradesco S.A.). Failure to do so may result in the application of the standard 17.5% withholding rate.
Investor Verification Checklist
- Verify the exact payment date once announced by the Executive Board (currently set for on or before May 30, 2027).
- Confirm if the company executed any share buybacks between April 30, 2026, and May 27, 2026, which could adjust the per-share payout.
- Ensure international shareholders submit tax treaty documentation to Banco Bradesco S.A. by June 3, 2026, to avoid standard withholding.
- Monitor the 2027 Ordinary General Shareholders' Meeting for the ratification of this IoC as part of the 2026 mandatory dividends.