Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 251st Fiscal Council meeting held on October 13, 2025. The document details a corporate governance decision regarding the declaration of Interest on Capital (IoC) for the period ending September 30, 2025.
Key Financial Metrics
The filing focuses exclusively on a specific capital distribution event rather than comprehensive financial performance metrics. Key figures include:
- Interest on Capital (IoC) Gross Amount: R$380,000,000.00
- Interest on Capital (IoC) Net Amount: R$323,000,000.00 (net of withholding income tax)
- IoC Per Share (Gross): R$0.11856605026
- IoC Per Share (Net): R$0.10078114272
- Record Date: October 27, 2025
- Payment Date: On or before April 30, 2026
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The primary material change disclosed is the approval of the IoC proposal by the Fiscal Council. This 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.
Guidance, Outlook, and Risks
Management Commentary and Outlook: The IoC credit is based on the balance sheet as of September 30, 2025. The company notes that the value per share is calculated based on the shareholding position as of that date.
Contingencies and Risks: The filing highlights a specific contingency regarding the Share Buyback Program. Because this program is in effect, the value per share may be subject to change depending on the Company's shareholding position verified on the record date of October 27, 2025.
Investor Verification Checklist
- Verify the final share count on the record date (October 27, 2025) to confirm the exact per-share payout, as the current figure is subject to change due to the buyback program.
- Confirm the approval of the minimum mandatory dividend at the Ordinary General Meeting scheduled for 2026.
- Monitor the exact payment date to be set by the Executive Board, which must occur by April 30, 2026.
- Review the September 30, 2025 balance sheet to understand the financial basis for the R$380 million IoC declaration.