Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of July 2026. The report announces a Board of Directors decision made on July 16, 2026, regarding the declaration of Interest on Capital (IoC) for shareholders.
Key Financial Metrics
The filing focuses on a specific capital distribution event rather than comprehensive operational financials. Key figures include:
- Total Gross IoC Declared: R$500,000,000.00 (Five hundred million reais).
- Withholding Tax Rate: 17.5%.
- Total Net Amount to Shareholders: R$412,500,000.00.
- Gross Amount Per Share: R$0.15646482856.
- Net Amount Per Share: R$0.12908348356.
- Reference Balance Sheet Date: June 30, 2026.
The filing does not provide data on revenue, operating profit, cash flow, margins, debt levels, or liquidity ratios.
Material Changes
The filing does not present comparative financial data against prior periods. The primary material event is the declaration of the IoC, which is considered part of the mandatory dividends for the fiscal year ending December 31, 2026, subject to ratification by the Ordinary General Shareholders' Meeting in 2027.
Guidance, Outlook, and Unusual Items
Payment Schedule: The IoC will be paid individually to shareholders of record as of July 27, 2026. Shares will trade "ex-IoC" after this date. Payment is scheduled for no later than April 30, 2027, with the exact date to be set by the Executive Board.
Share Buyback Impact: The per-share amount may be adjusted if the Company executes share repurchases under its ongoing Share Buyback Program between the declaration and the record date. If repurchases occur, a new Notice to the Market will be issued with recalculated figures.
Tax Compliance: Shareholders eligible for differentiated withholding tax rates or exemptions under international treaties must provide evidence to the depositary institution (Banco Bradesco S.A.) by August 3, 2026.
Investor Verification Checklist
- Verify the final per-share amount in case of share repurchases prior to the July 27, 2026 record date.
- Confirm the exact payment date once announced by the Executive Board (before April 30, 2027).
- Ensure timely submission of tax exemption documentation by August 3, 2026, if applicable.
- Monitor the 2027 Ordinary General Shareholders' Meeting for ratification of the IoC as part of mandatory dividends.