Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 501st Meeting of the Board of Directors held on September 11, 2025. The filing covers corporate governance actions taken during the month of September 2025, specifically regarding capital distribution.
Key Financial Metrics
The filing does not provide comprehensive financial statements (revenue, profit, cash flow, or debt). The only specific financial data disclosed relates to the declaration of Interest on Capital (IoC):
- Gross IoC Amount: R$400,000,000.00
- Net IoC Amount (after tax): R$340,000,000.00
- Gross Value Per Share: R$0.12477350287
- Net Value Per Share: R$0.10605747744
- Reference Balance Sheet Date: August 31, 2025
Material Changes and Corporate Actions
The Board of Directors unanimously approved the declaration of Interest on Capital (IoC) for the period. Key details include:
- Record Date: September 22, 2025. Shareholders recorded on this date are eligible for the credit.
- Ex-IoC Date: Shares will trade ex-IoC after September 22, 2025.
- Share Buyback Impact: The per-share value is calculated based on the shareholding position as of August 29, 2025, but may be subject to change based on the position verified on September 22, 2025, due to the Company's active Share Buyback Program.
Guidance, Outlook, and Payment Terms
The filing outlines the treatment and timing of the IoC distribution:
- Dividend Attribution: The net value of the IoC will be attributed to the mandatory dividend for the fiscal year ending December 31, 2025.
- Shareholder Approval: The attribution is subject to approval by the Ordinary General Meeting of Shareholders to be held in 2026.
- Payment Deadline: Payment is scheduled to be made by April 30, 2026, with the exact date to be set by the Board of Directors.
Investor Verification Checklist
- Verify the final per-share IoC value on September 22, 2025, considering potential changes from the Share Buyback Program.
- Confirm the exact payment date for the IoC, which must be set by the Board before the April 30, 2026 deadline.
- Monitor the 2026 Ordinary General Meeting of Shareholders for the formal approval of the mandatory dividend attribution.
- Note that this filing does not contain Q3 2025 operating results (revenue, EBITDA, or net income); those figures are not provided in this text.