Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the period ending March 31, 2025. The document serves as a Notice to the Market regarding a recalculation of Interest on Capital (IoC) payments previously declared on March 13, 2025.
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 relates to the per-share Interest on Capital distribution:
- Revised Gross Amount per Share: R$ 0.12345360441
- Withholding Income Tax (15%): R$ 0.01851804066
- Revised Net Amount per Share: R$ 0.10493556375
- Record Date: March 24, 2025
- Payment Date: On or before April 30, 2026
Material Changes
The filing details a material adjustment to the Interest on Capital amount due to the Company's Share Buyback Program. Acquisitions of the Company's own shares necessitated a recalculation of the per-share distribution.
- Previous Gross Amount: R$ 0.12337750073
- New Gross Amount: R$ 0.12345360441
- Previous Net Amount: R$ 0.10487087562
- New Net Amount: R$ 0.10493556375
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of general business risks. The primary contingency noted is the timing of the payment, which is scheduled for a date to be defined by the Board of Directors but no later than April 30, 2026. Shares will trade "ex-interest" after the record date of March 24, 2025.
Investor Verification Checklist
- Verify the updated Interest on Capital per-share amount (R$ 0.10493556375 net) against brokerage statements.
- Confirm shareholding position as of the record date (March 24, 2025) to ensure eligibility for payment.
- Note the extended payment timeline, with funds expected by April 30, 2026.
- Review the impact of the Share Buyback Program on the total number of outstanding shares.