Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 515th Meeting of the Board of Directors held on February 12, 2026. The filing covers corporate governance actions and capital distribution decisions for the period ending February 2026.
Key Financial Metrics
The filing details a specific capital distribution event rather than full-period financial performance metrics (revenue, profit, cash flow, debt, or liquidity are not reported in this document).
- Interest on Capital (IoC) Gross Amount: R$325,000,000.00
- Interest on Capital (IoC) Net Amount: R$268,125,000.00 (net of income withholding tax)
- Gross IoC Per Share: R$0.10170213856
- Net IoC Per Share: R$0.08390426431
- Reference Balance Sheet Date: January 31, 2026
Material Changes and Corporate Actions
The Board approved the declaration of Interest on Capital (IoC) based on the January 31, 2026 balance sheet. Key details include:
- Record Date: February 23, 2026 (shareholding position determines allocation).
- Ex-IoC Date: Shares will trade ex-IoC after February 23, 2026.
- Payment Date: Scheduled for April 30, 2027.
- Dividend Attribution: The net IoC value will be attributed to the mandatory dividend for the fiscal year ending December 31, 2026, subject to approval by the Ordinary General Meeting in 2027.
- Board Resignation: Mr. Francisco Javier de Paz Mancho resigned from the Board of Directors and the Nominations, Compensation and Corporate Governance Committee, effective February 13, 2026.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, revenue outlook, or management commentary on market conditions. It notes a contingency regarding the per-share value:
- Share Buyback Impact: The value per share calculated is based on the January 31, 2026 shareholding position. Due to the Company's active Share Buyback Program, the final value per share may change based on the shareholding position verified on the record date of February 23, 2026.
Investor Verification Checklist
- Verify the final per-share IoC amount after the February 23, 2026 record date, considering potential changes from the Share Buyback Program.
- Confirm the exact payment date for the IoC, which is set by the Board but scheduled for April 30, 2027.
- Monitor the Ordinary General Meeting in 2027 for the formal approval of the mandatory dividend attribution for the 2026 fiscal year.
- Review subsequent filings for the appointment of a new Board member to replace the resigned director, Mr. Francisco Javier de Paz Mancho.