Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 255th Fiscal Council meeting held on December 15, 2025. The filing pertains to the period ending December 31, 2025, and focuses on corporate governance actions regarding shareholder distributions rather than operational performance.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to a proposed distribution:
- Interest on Capital (IoC) Gross Amount: R$350,000,000.00
- Interest on Capital (IoC) Net Amount: R$297,500,000.00 (net of withholding income tax)
- IoC Per Share (Gross): R$0.10945864515
- IoC Per Share (Net): R$0.09303984838
- Reference Balance Sheet Date: November 30, 2025
Material Changes
The filing does not contain comparative financial data or material changes in operational metrics versus prior periods. The primary material event is the unanimous approval by the Fiscal Council to propose the declaration of Interest on Capital to the Board of Directors.
Guidance, Outlook, and Management Commentary
Distribution Timeline and Mechanics:
- Record Date: December 29, 2025 (shares trade "ex-IoC" after this date).
- Payment Date: On or before April 30, 2026.
- Dividend Treatment: The net IoC amount will be included in the minimum mandatory dividend for the fiscal year ending December 31, 2025, subject to approval by the Ordinary General Meeting in 2026.
- Share Buyback Impact: The per-share value is calculated based on the shareholding position as of November 28, 2025. The final value per share may be subject to change based on the shareholding position verified on December 29, 2025, due to the Company's active Share Buyback Program.
Risks and Contingencies: The filing notes that the exact payment date will be set by the Executive Board. No other specific risks or contingencies are detailed in this document.
Investor Verification Checklist
- Verify the final share count on December 29, 2025, to confirm the exact per-share IoC value given the active buyback program.
- Confirm the approval of the minimum mandatory dividend at the Ordinary General Meeting in 2026.
- Monitor the Executive Board's announcement for the specific payment date prior to April 30, 2026.
- Review the Company's full annual report (Form 20-F) for comprehensive revenue, profit, and debt metrics not included in this 6-K.