Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 262nd Fiscal Council meeting held on June 12, 2026. The document focuses on corporate governance actions regarding capital distribution rather than operational performance for the period ending June 30, 2026.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to a proposed capital distribution:
- Interest on Capital (IoC) Gross Amount: R$230,000,000.00
- IoC Net Amount (after 17.5% withholding tax): R$189,750,000.00
- Gross IoC Per Share: R$0.07197382114
- Net IoC Per Share: R$0.05937840244
- Reference Balance Sheet Date: May 31, 2026
Material Changes
The filing does not contain comparative financial data or discuss material changes in operational results versus prior periods. The primary material event is the unanimous approval by the Fiscal Council of the IoC proposal to be submitted to the Board of Directors.
Guidance, Outlook, and Management Commentary
Dividend Policy and Allocation: The net amount of the declared IoC will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026. This allocation is subject to approval by the Ordinary General Meeting in 2027.
Payment Schedule: Payment of these proceeds is scheduled for April 30, 2027, with the exact date to be set by Management.
Shareholder Eligibility: The IoC credit applies to shareholders recorded as of June 26, 2026. Shares will trade "ex-IoC" after this date.
Risks and Contingencies: The per-share value is calculated based on the shareholding position of May 29, 2026. The filing notes that the final value per share may change due to the Company's active Share Buyback Program, which will affect the total share count verified on June 26, 2026. Additionally, the net amount is subject to the standard 17.5% tax rate, which may vary based on international treaties or tax regimes.
Investor Verification Checklist
- Verify the final share count on June 26, 2026 to confirm the exact per-share IoC value, as the current figure is subject to change due to buybacks.
- Confirm the final payment date for the April 30, 2027 deadline once announced by Management.
- Monitor the Ordinary General Meeting in 2027 for the formal ratification of the IoC allocation to the 2026 mandatory minimum dividend.
- Check for any updates on the Share Buyback Program that could alter the denominator for the per-share calculation.