Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the period ending December 31, 2024. The document serves as a Notice to the Market regarding a recalculation of Interest on Capital (JCP) previously declared on December 12, 2024. The adjustment was necessitated by the acquisition of the company's own shares under its Share Buyback Program.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. It focuses exclusively on the per-share distribution amounts for Interest on Capital.
| Metric | Original Amount (R$) | Recalculated Amount (R$) |
|---|---|---|
| Gross Amount per Share | 0.73590705608 | 0.73769769041 |
| Withholding Income Tax (15%) | 0.11038605841 | 0.11065465356 |
| Net Amount per Share | 0.62552099767 | 0.62704303685 |
Material Changes
The primary material change is the increase in the Interest on Capital per share due to the reduction in the total number of outstanding shares following the company's buyback activities. The gross amount per share increased from approximately R$ 0.7359 to R$ 0.7377.
Guidance, Outlook, and Payment Details
- Payment Date: Interest on Capital will be paid by April 30, 2025. The exact date will be set by the Executive Board.
- Record Date: Payments are based on shareholding positions as of the close of business on December 26, 2024.
- Trading Status: Shares will trade "ex-interest" after December 26, 2024.
- Management Commentary: The filing confirms the adjustment is a direct result of the Share Buyback Program and does not include broader strategic outlook or risk factors.
Investor Verification Checklist
- Verify shareholding position as of December 26, 2024, to confirm eligibility for the recalculated payment.
- Confirm the exact payment date once announced by the Executive Board (expected before April 30, 2025).
- Review the original Notice to Shareholders from December 12, 2024, for context on the initial declaration.
- Monitor the company's website (ri.telefonica.com.br) for further updates on the Share Buyback Program progress.