Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of February 2026. The report announces a Board of Directors meeting held on February 12, 2026, regarding the declaration of Interest on Capital (IoC).
Key Financial Metrics
The filing details a specific capital distribution event rather than full-period financial statements. Key figures include:
- Total Gross IoC Declared: R$325,000,000.00
- Withholding Tax Rate: 17.5%
- Estimated Net Amount: R$268,125,000.00
- Net Amount Per Share: R$0.08390426431
- Reference Balance Sheet Date: January 31, 2026
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes and Shareholder Impact
The primary material change is the declaration of Interest on Capital, which will be considered part of the mandatory dividends for the fiscal year ending December 31, 2027, subject to shareholder approval. Shares will trade "ex-IoC" after the record date of February 23, 2026. The per-share amount is subject to adjustment based on the shareholding base on the record date due to potential share buybacks.
Guidance, Outlook, and Contingencies
Payment Schedule: Proceeds will be paid individually to shareholders by April 30, 2027, with the exact date to be set by the Executive Board.
Shareholder Action Required: Shareholders with special withholding tax regimes (exempt or immune) must provide proof of status by March 5, 2026, to the depositary institution, Banco Bradesco S.A.
Contingencies: The final amount per share may be adjusted if the Company acquires shares under its current Share Buyback Program prior to the record date.
Investor Verification Checklist
- Verify the final share count on the record date (February 23, 2026) to confirm the exact per-share payout.
- Confirm tax status documentation submission by March 5, 2026, if eligible for special withholding regimes.
- Monitor the Ordinary General Shareholders' Meeting in 2026 for the ratification of this IoC as part of the 2027 fiscal year mandatory dividends.
- Check for the Executive Board's announcement regarding the specific payment date within the April 30, 2027 deadline.