TELEFONICA BRASIL S.A. current report, Q3 FY2026

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Business Context and Reporting Period

This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of September 2026. The report announces a Board of Directors decision made on September 14, 2026, regarding the declaration of Interest on Capital (IoC) for the fiscal year ending December 31, 2026.

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 Income Tax Rate: 17.5%.
  • Total Net IoC Amount: R$412,500,000.00.
  • Gross Amount Per Share: R$0.15646482856.
  • Net Amount Per Share: R$0.12908348356.
  • Reference Balance Sheet Date: August 31, 2026.

Note: The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, total debt, or liquidity ratios.

Material Changes and Shareholder Impact

The primary material change is the declaration of Interest on Capital, which is considered part of the mandatory dividends for the 2026 fiscal year, subject to ratification by the Ordinary General Shareholders' Meeting in 2027. The shares will trade "ex-IoC" after the record date of September 25, 2026.

Guidance, Outlook, and Contingencies

  • Payment Schedule: Proceeds will be paid by April 30, 2027, with the exact date to be set by the Executive Board.
  • Share Buyback Contingency: The per-share amount may be adjusted if the Company executes share repurchases under its ongoing Share Buyback Program prior to the record date. If repurchases occur, a new Notice to the Market will be issued.
  • Tax Variability: The standard 17.5% withholding tax may vary for shareholders subject to international treaties, tax immunities, or privileged tax regimes.
  • Administrative Requirement: Shareholders claiming differentiated tax treatment must provide evidence to the depositary institution (Banco Bradesco S.A.) by October 2, 2026.

Investor Verification Checklist

  • Verify the final per-share amount in case of share repurchases prior to September 25, 2026.
  • Confirm the exact payment date once announced by the Executive Board (before April 30, 2027).
  • Check if the Ordinary General Shareholders' Meeting in 2027 ratifies the IoC as part of mandatory dividends.
  • Ensure timely submission of tax exemption or treaty documentation by October 2, 2026, if applicable.