Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 259th Fiscal Council meeting held on April 13, 2026. The filing covers corporate governance actions regarding capital distribution for the period ending March 31, 2026, and does not contain a full quarterly financial report.
Key Financial Metrics
The filing focuses exclusively on the declaration of Interest on Capital (IoC). No revenue, profit, cash flow, margin, debt, or liquidity metrics are provided in this document.
- Interest on Capital (IoC) Gross Amount: R$365,000,000.00
- Interest on Capital (IoC) Net Amount: R$301,125,000.00 (after 17.5% withholding tax)
- Gross IoC Per Share: R$0.11421932485
- Net IoC Per Share: R$0.09423094300
- Record Date: April 27, 2026
- Payment Date: On or before April 30, 2027
Material Changes
The filing does not provide comparative financial data against prior periods. The primary material event is the unanimous approval by the Fiscal Council to declare the IoC based on the March 31, 2026, balance sheet. The net IoC amount will be allocated toward the mandatory minimum dividend for the fiscal year ending December 31, 2026.
Guidance, Outlook, and Risks
Management Commentary: The Fiscal Council expressed a favorable opinion on the IoC proposal, deeming it compliant with applicable legislation. The net proceeds are designated to count toward the mandatory minimum dividend requirement for the 2026 fiscal year, subject to approval at the Ordinary General Meeting in 2027.
Unusual Items and Contingencies:
- Tax Variability: The net amount assumes a standard 17.5% tax rate, which may vary due to international treaties, tax immunities, or privileged regimes.
- Share Count Fluctuation: The per-share value is calculated based on the March 31, 2026, shareholding position. Due to an active Share Buyback Program, the final value per share may change based on the share count verified on the record date (April 27, 2026).
Investor Verification Checklist
- Verify the final share count on the record date (April 27, 2026) to confirm the exact per-share payout, considering the active buyback program.
- Confirm the final tax rate applied to the distribution, as it may differ from the standard 17.5% based on shareholder status.
- Monitor the Ordinary General Meeting in 2027 for the formal approval of the 2026 mandatory minimum dividend allocation.
- Review the full Q1 2026 financial report (not included in this 6-K) for revenue, EBITDA, and debt metrics.