Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of July 2025. The document serves as a Notice to the Market regarding a recalculation of Interest on Capital (IoC) previously declared by the Board of Directors on July 14, 2025.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. It focuses exclusively on the adjustment of a specific shareholder distribution:
- Payment Type: Interest on Capital (IoC).
- Declaration Date: July 14, 2025.
- Record Date: July 25, 2025.
- Revised Gross Amount per Share: R$ 0.10253443523 (increased from R$ 0.10227653775).
- Withholding Income Tax (15%): R$ 0.01538016528.
- Revised Net Amount per Share: R$ 0.08715426995 (increased from R$ 0.08693505709).
- Payment Execution Date: On or before April 30, 2026.
Material Changes
The primary material change is the increase in the per-share IoC amount. This adjustment was necessitated by the Company's acquisition of its own shares under the Share Buyback Program, which reduced the total number of outstanding shares and consequently increased the distribution amount per remaining share.
Outlook, Risks, and Unusual Items
Management Commentary: The Company clarified that the IoC will be paid individually based on the shareholding position as of July 25, 2025. Following this date, shares will trade "ex-interest."
Unusual Items: The filing notes a specific administrative recalculation rather than an operational event. No new risks or contingencies were disclosed in this specific notice.
Investor Verification Checklist
- Verify the record date of July 25, 2025, to confirm eligibility for the revised IoC payment.
- Confirm the revised net payout of R$ 0.08715426995 per share against brokerage statements.
- Note the payment timeline, as funds will not be distributed until a date defined by the Board on or before April 30, 2026.
- Check for subsequent filings regarding the Share Buyback Program details that triggered this recalculation.