Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 267th Fiscal Council meeting held on September 11, 2026. The document details a corporate governance decision regarding the declaration of Interest on Capital (IoC) for the period ending August 31, 2026.
Key Financial Metrics
The filing focuses on a specific capital distribution event rather than comprehensive operating results. Key figures include:
- Total Interest on Capital (IoC) Gross Amount: R$500,000,000.00
- Total IoC Net Amount: R$412,500,000.00 (after 17.5% withholding income tax)
- Gross IoC Per Share: R$0.15646482856
- Net IoC Per Share: R$0.12908348356
- Revenue, Profit, Cash Flow, Debt, and Liquidity: The filing text does not provide a clear value for these metrics.
Material Changes and Unusual Items
The primary material event is the unanimous approval by the Fiscal Council to declare the IoC. The net amount of this distribution will be allocated toward the mandatory minimum dividend for the fiscal year ending December 31, 2026. This allocation is subject to ratification by the Ordinary General Meeting in 2027.
Guidance, Outlook, and Management Commentary
Management has set the following timeline for the IoC distribution:
- Record Date: September 25, 2026 (shareholding position verified on this date determines eligibility).
- Ex-IoC Date: Shares will trade ex-IoC after September 25, 2026.
- Payment Date: Proceeds will be paid by April 30, 2027, with the exact date to be set by Management.
Risks and Contingencies: The per-share value is calculated based on the shareholding position as of August 31, 2026. However, due to the Company's active Share Buyback Program, the final value per share may be subject to change based on the shareholding position verified on September 25, 2026. Additionally, the tax rate applied is the standard 17.5%, which may vary due to international treaties, tax immunities, or privileged tax regimes.
Investor Verification Checklist
- Verify the final share count on September 25, 2026, to confirm the exact per-share payout given the active buyback program.
- Confirm the exact payment date for the IoC, which is to be announced by Management before the April 30, 2027 deadline.
- Monitor the 2027 Ordinary General Meeting for ratification of the IoC allocation toward the mandatory minimum dividend.
- Check for any updates on tax treaty applications that might alter the effective withholding rate from the standard 17.5%.