Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of April 2025. The report serves as a Notice to the Market regarding a recalculation of Interest on Capital (IoC) declared on April 1, 2025, necessitated by share acquisitions under the Company's Share Buyback Program.
Key Financial Metrics
The filing does not provide comprehensive financial statements such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed pertains to the per-share Interest on Capital distribution:
- Declaration Date: April 1, 2025
- Record Date: April 11, 2025
- Revised Gross Amount per Share: R$ 0.14814432785
- Withholding Income Tax (15%): R$ 0.02222164918
- Revised Net Amount per Share: R$ 0.12592267868
Material Changes
The primary material change is the adjustment of the Interest on Capital amount per share due to the reduction in outstanding shares from the Share Buyback Program. The gross amount per share increased from R$ 0.14805300088 to R$ 0.14814432785, and the net amount increased from R$ 0.12584505075 to R$ 0.12592267868.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the specific administrative update regarding the dividend payment. The payment is scheduled to be executed by April 30, 2026, on a date to be defined by the Board of Directors. Shares will trade "ex-interest" after April 11, 2025.
Investor Verification Checklist
- Verify the updated net Interest on Capital per share (R$ 0.12592267868) for portfolio calculations.
- Confirm shareholding position as of the record date (April 11, 2025) to ensure eligibility for the payment.
- Note the extended payment timeline, with funds expected by April 30, 2026.
- Review the original Notice to Shareholders from April 1, 2025, for context on the initial declaration.