Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of June 2025. The report announces a corporate action regarding the declaration of Interest on Capital (IoC) approved by the Board of Directors on June 12, 2025.
Key Financial Metrics
- Interest on Capital (IoC) Gross Amount: R$200,000,000.00 (Two hundred million reais).
- Withholding Income Tax (15%): R$30,000,000.00.
- Net Amount to Shareholders: R$170,000,000.00 (One hundred and seventy million reais).
- Net Amount Per Share: R$0.05246778278 (based on shareholding position of May 30, 2025).
- Reference Balance Sheet Date: May 31, 2025.
Material Changes and Corporate Actions
The primary material event is the declaration of IoC, which is considered part of the mandatory dividends for the fiscal year ending December 31, 2025. This amount is subject to a referendum at the Ordinary General Shareholders' Meeting in 2026. The shares will trade "ex-IoC" after the record date of June 23, 2025.
Guidance, Outlook, and Payment Terms
- Payment Date: Proceeds will be paid by April 30, 2026. The exact date will be set by the Executive Board.
- Record Date: June 23, 2025.
- Adjustments: The amount per share may be adjusted based on the shareholding base on June 23, 2025, due to potential share acquisitions under the Company's Share Buyback Program.
- Tax Exemptions: Shareholders claiming tax immunity or exemption must prove their status by June 30, 2025, to the depositary institution (Banco Bradesco S.A.).
Investor Verification Checklist
- Verify the exact payment date once announced by the Executive Board (deadline: April 30, 2026).
- Confirm shareholding position as of June 23, 2025, to determine eligibility for the IoC payment.
- Check for any adjustments to the per-share amount resulting from the Company's Share Buyback Program prior to the record date.
- Ensure tax exemption documentation is submitted to Banco Bradesco S.A. by June 30, 2025, if applicable.