Tim S A SEC Filings

TIM S.A. approved a distribution of earnings totaling BRL 2,210,000,000 as an advance remuneration to shareholders for fiscal year 2025, to be counted toward the mandatory minimum dividend.

Of this amount, BRL 1,790,000,000 will be paid as dividends, equal to 0.7482883774 per common share, for shareholders of record on December 19, 2025, with payment by December 30, 2025. A further BRL 420,000,000 will be paid as interest on equity, equal to 0.1755760439 per common share, for shareholders of record on December 22, 2025, with payment by June 30, 2026. Considering all proceeds in 2025, the company reports that a total of R$4 billion has been declared in the year, in line with its 2025–2027 Strategic Plan, and notes that per-share amounts may change if the number of treasury shares changes under its buyback or share cancellation actions.

TIM S.A. cancelled 28,678,509 treasury shares that had been acquired under its current share buyback program. The cancellation was approved by the Board of Directors and was carried out without any reduction of the company’s capital stock.

After this corporate action, TIM S.A.’s capital stock is now divided into 2,392,125,889 common shares. The company plans to adjust Article 5 of its Bylaws at the next shareholders’ meeting to reflect the new share count and states it will keep shareholders informed of further relevant updates.

TIM S.A. approved substantial cash returns to shareholders. The board authorized dividends of R$1,790,000,000.00, equal to R$0.7482883774 per share, to be paid by December 30, 2025 to holders of record on December 19, 2025. It also approved interest on shareholders’ equity of R$420,000,000.00, or R$0.1755760439 per share, to be paid by June 30, 2026 to shareholders of record on December 22, 2025, with 15% withholding tax for most investors.

The board cancelled 28,678,509 treasury common shares without reducing capital, leaving the share capital divided into 2,392,125,889 common shares and keeping the current repurchase plan in force. Directors also endorsed the 2026 budget and 2026–2028 industrial plan, updated the cybersecurity policy, set the Statutory Audit Committee budget for 2026, and approved the 2026 corporate calendar and board work plan.

TIM S.A. filed a Form 6-K as a foreign private issuer reporting information on shareholdings and securities positions of its management, controlling shareholder and related parties, based on a consolidated form prepared under Brazilian rules.

The disclosure lists holdings of common registered shares by different groups, including the controlling shareholder and members of the board of directors, executive management and fiscal council, as well as people connected to management. For example, the consolidated form shows common registered share positions such as 1,611,969,909 shares for TIM S.A. in one category and smaller amounts like 517,217 and 285,321 shares associated with governance bodies.

The report also notes that there were securities and derivatives operations carried out in accordance with CVM Resolution 44/21, indicating activity during the period, while presenting opening and closing balances and corresponding percentage interests for each group.

TIM S.A. reported that its board of directors approved the execution of a Share Purchase Agreement to acquire 100% of the share capital of V8 Consulting S.A. (V8.Tech). The agreed purchase price is BRL 140,000,000.00, to be paid at closing, with potential additional earn-out payments of up to BRL 140,000,000.00 over a six-year period if certain conditions are met.

V8.Tech, founded in 2014, is a technology firm focused on integration of digital solutions and managed services, with expertise in digital transformation, multicloud, private and hybrid cloud computing, and artificial intelligence. The closing of the transaction is subject to approval by the Brazilian antitrust authority CADE and other customary closing conditions. TIM’s officers and attorneys were authorized to negotiate and sign all necessary documents to complete the deal.

TIM S.A. reported that its Board approved a deal to acquire 100% of Brazilian technology integrator V8 Consulting S.A. (V8.Tech) for an upfront price of R$140 million, to be paid at closing. The price may rise by up to an additional R$140 million in earn-outs over six years if agreed conditions are met. V8.Tech focuses on digital transformation, multicloud and hybrid cloud solutions, and artificial intelligence, with about 380 employees and roughly R$235 million in net revenue over the 12 months ended September 2025, growing at a 17% CAGR between 2021 and 2024.

TIM explains that this acquisition strengthens its B2B strategy by adding cloud and digital services that support end-to-end projects for more than 100 corporate clients across multiple sectors. Closing depends on approval by Brazil’s antitrust authority CADE and other customary conditions. TIM is also creating a new B2B-focused Vice Presidency led by Fabio Costa, a veteran of Salesforce, Microsoft, Oracle and Telemar, to drive development and acceleration of this business line.

TIM S.A. (NYSE: TIMB) reported stronger results for the period ended September 30, 2025. Net revenue reached R$ 6,710,987 in 3Q25 (in thousands of reais), up from R$ 6,418,943 in 3Q24, with year‑to‑date revenue at R$ 19,704,561 versus R$ 18,817,012 a year earlier.

Profitability improved: 3Q25 net profit was R$ 1,207,705 vs. R$ 805,026 in 3Q24, and year‑to‑date net profit rose to R$ 2,980,714 from R$ 2,105,669. Basic and diluted EPS were R$ 0.50 in 3Q25. The effective tax rate for the year‑to‑date was 3.48%, reflecting incentives and interest on shareholders’ equity allocation.

Operating cash generation was robust, with R$ 9,169,560 year‑to‑date, while investing cash outflows included R$ 3,194,979 in additions to property, plant and equipment and intangibles. Cash and cash equivalents stood at R$ 3,673,535, shareholders’ equity at R$ 25,213,227, and lease liabilities at R$ 13,505,182. The company distributed dividends and interest on shareholders’ equity totaling R$ 2,587,708 year‑to‑date.

TIM S.A. (TIMB) filed a 6-K highlighting strong 9M25 operating and financial momentum. Service revenue grew 5.2% YoY, while EBITDA increased 6.7% YoY with a 50.3% margin, supported by disciplined cost control and digitalization. Net income reached R$3.0 billion, up 42.2% YoY, and operating cash flow (EBITDA‑AL minus capex) was R$4.5 billion, showing double‑digit expansion. Capex stood at 16.2% of revenues.

The company emphasized network leadership with 5G in 1,000 cities by Oct'25 and completed a major network modernization, aiding churn improvements. Postpaid remained the growth engine with low churn and ARPU gains, while prepaid showed early stabilization. In B2B, TIM expanded IoT coverage and announced a new 5G agreement with Vale to support mining operations.

Capital returns advanced with R$1.8 billion announced as interest on capital (IoC) and R$369 million in share repurchases. The presentation notes record quarterly net income in 3Q25 (+50% YoY), cash of R$6.5 billion (+50.7% YoY), leverage of 0.79x Net Debt/LTM EBITDA, and guidance for ~R$2.1–2.3 billion in IoC/dividends to be proposed.