Tim S A SEC Filings

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.

TIM S.A. reported stronger 3Q25 performance with record profitability. Net revenues reached R$6,711 million, up 4.5% year over year, led by mobile service revenue growth of 5.2%. Normalized EBITDA rose 7.2% to R$3,469 million, lifting the margin to 51.7%. Normalized net income jumped 50.0% to R$1,208 million, the highest in the company’s history.

Operations remained disciplined: normalized operating expenses increased 1.8% versus an inflation backdrop of 5.17%. Capex was R$974 million (+8.6%), supporting 5G densification and network projects, while operating free cash flow totaled R$1,820 million (+4.5%). Cash and marketable securities stood at R$6,529 million at quarter-end. Postpaid continued to drive growth, with postpaid revenue up 10.9% and ARPU at R$44.1. The Board approved R$480 million in Interest on Capital on September 23, 2025.

TIM S.A. reported board actions and governance changes via a Form 6‑K. The board acknowledged the company’s Q3 2025 Quarterly Financial Report, which received a limited review by Ernst & Young.

Director Herculano Aníbal Alves resigned effective December 1, 2025. The board appointed Denísio Augusto Liberato Delfino to the Board of Directors and to the Control and Risks Committee, ad referendum of the next shareholders’ meeting. The board also recorded the resignation of Bruno Mutzenbecher Gentil and approved eliminating the Business Support Officer role, reallocating its activities among existing executives.

The board confirmed the officer slate and set signature and transaction authority limits requiring joint representation: the CEO may execute transactions up to R$50,000,000.00 per operation; the CFO up to R$50,000,000.00 for financial/treasury activities and R$10,000,000.00 within her area; other officers up to R$10,000,000.00 within their areas. It also approved amendments to the Board of Officers’ Internal Rules.

TIM S.A. (TIMB) announced a board change: Herculano Aníbal Alves resigned as a member of the Board of Directors, effective December 1, 2025. On the same date, the Board elected Denísio Augusto Liberato Delfino to serve as a director, also effective December 1, 2025.

Mr. Denísio is a Brazilian executive with deep financial-market experience, including roles as CEO of BB Asset Management and director at Previ. His background spans Corporate Governance, Capital Markets, and Private Banking at Banco do Brasil and a tenure at the Ministry of Finance. He holds a PhD and Master’s in Economics (FGV) and a bachelor’s in Economics (Federal University of Viçosa). He has served on the PRI Council for Latin America, sits on Neoenergia’s Board and Sustainability Committee, and on Gerdau’s Fiscal Council. TIM thanked Mr. Alves for his service and will provide updates on leadership matters as required.

TIM S.A. (TIMB) reported that its Fiscal Council met on November 3, 2025 to review corporate matters and the Quarterly Information Report (ITR) for Q3 2025, dated September 30, 2025. Management presented updates on tax, regulatory, civil and labor contingencies and highlighted key points from the ITR.

Ernst & Young presented its limited review of the Q3 2025 ITR and reported no irregularities or reservations. The Fiscal Council concluded the quarterly information is appropriate for presentation to the Board of Directors.

TIM S.A. (TIMB) will pay the third installment of Additional Dividends on October 21, 2025, bringing the date forward from October 23. The installment totals R$ 684,000,000.00, equal to R$ 0.282667489 per share.

The shareholder identification date remained April 3, 2025; purchases after that date are ex-rights to this distribution. The first and second installments were paid on April 22, 2025 and July 23, 2025, and the gross value per share is unchanged from what was disclosed on March 27, 2025.

Payments will be processed via B3 through custodians, credited to checking accounts indicated with Banco Bradesco S/A, or available at Banco Bradesco S/A branches, with standard documentation requirements and a three-year prescription period for dividend claims under Brazilian law.

TIM S.A. corrected the gross interest on equity amount per share due to a change in treasury shares prior to September 26, 2025. The per‑share figure was adjusted from R$0.1994595735 to R$0.1995452456, while the total distribution remains R$480,000,000.00.

The increase per share is R$0.0000856721, reflecting fewer shares entitled to receive the distribution after more shares moved into treasury. The record date is September 26, 2025; shares acquired after that date trade ex-rights to this distribution. Payment will occur by January 21, 2026 with no monetary adjustment index.