Welcome to our dedicated page for Tim S A SEC filings (Ticker: TIMB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TIM S.A. (TIMB) SEC filings page on Stock Titan provides access to the company’s U.S. regulatory disclosures as a foreign private issuer. TIM S.A., which trades on B3 as TIMS3 and on the NYSE as TIMB through American Depositary Shares, files annual reports on Form 20-F and frequent current reports on Form 6-K under the Securities Exchange Act of 1934. Notices to the market confirm that Form 20-F contains the annual report for a given calendar year, while Form 6-K is used to furnish material information to U.S. investors.
In these filings, investors can review material facts on the distribution of profits in the form of dividends and interest on equity (IOE), including total amounts, gross value per share, and record dates. Rectifying notices explain adjustments to the per-share amounts when the number of treasury shares changes. Board minutes and Fiscal Council opinions, also filed via Form 6-K, document the internal approval process for these distributions and provide insight into TIM’s capital management policies.
Filings further describe decisions on share repurchase programs and the cancellation of treasury shares, which affect the total number of outstanding common shares. Consolidated forms on director and related party transactions, submitted in accordance with Brazilian CVM Resolution 44/21, detail holdings and movements in TIM’s common registered shares by board members, executives, the controlling shareholder, and related parties, offering transparency into insider positions.
Stock Titan enhances these documents with AI-powered summaries that highlight key points in each filing, helping users quickly understand complex items such as profit distribution resolutions, strategic transactions like the planned acquisition of V8 Consulting S.A. (V8.Tech), and changes to governance policies. Real-time updates from EDGAR mean new 20-F and 6-K filings appear promptly, and users can also locate information relevant to insider activity and committee decisions without reading every page of the original documents.
TIM S.A. held a board meeting where directors approved several key matters for 2025 and 2026. They endorsed the Internal Audit Annual Plan for 2026 and reviewed the company’s organizational climate and engagement survey, including 2025 results and priorities for 2026.
The board analyzed the management report and the individual and consolidated financial statements for the year ended December 31, 2025, supported by favorable opinions from the Fiscal Council, the Statutory Audit Committee, and Ernst & Young, and approved their submission to the next annual shareholders’ meeting, along with a proposal for 2025 profit allocation and dividend distribution.
Off the formal agenda, directors noted that, from March 18, 2026, insiders will be subject to Section 16(a) reporting duties under the Holding Foreign Insiders Accountable Act. They also approved a Share Purchase Agreement for TIM S.A. to acquire the remaining 51% of I-Systems Soluções de Infraestrutura S.A. from IHS Fiber Brasil for R$ 950,000,000.00, subject to customary conditions and regulatory approvals, after which I-Systems would become a wholly owned subsidiary.
TIM S.A. plans to acquire the remaining 51% of I-Systems Soluções de Infraestrutura S.A. from IHS Fiber Brasil for R$ 950 million, payable at closing under a Share Purchase Agreement. TIM already owns 49% of I-Systems, so completion would give it 100% ownership and turn I-Systems into a wholly owned subsidiary.
I-Systems runs a neutral fiber-optic network in Brazil, serving the wholesale market across eight states and reaching about 9 million homes passed. TIM presents the deal as another step in its broadband strategy, aiming to enhance connectivity quality, capture efficiency gains from full operational control, and better position itself for future moves in the FTTH market. Closing depends on customary conditions, including approvals from CADE, ANATEL and applicable corporate bodies.
TIM S.A. reported stronger 2025 results, with net revenue rising to R$ 26,624,721 thousand from R$ 25,447,930 thousand, driven mainly by mobile, broadband and B2B services. Net profit increased to R$ 4,311,984 thousand versus R$ 3,153,881 thousand, helped by higher operating efficiency and a better financial result.
Adjusted EBITDA reached R$ 13,530 million, up 7.2% year on year, and the adjusted EBITDA margin improved to 50.8%. Operating cash flow after capex (OFCF) totaled R$ 5,349 million, an increase of 16% year on year, while total post‑hedge debt was R$ 16,997 million and cash and securities R$ 5,885 million at year end.
The company maintained heavy investment in networks, including 5G expansion to almost 1,000 cities, and continued its buyback program, repurchasing 33.5 million shares and cancelling 28,678,509 treasury shares. Shareholder remuneration was significant, with R$ 2.210 billion in interest on equity and R$ 1.790 billion in dividends declared for 2025, totaling R$ 4,000,000,000.
TIM S.A. reported strong 4Q25 and full-year 2025 results, with growth led by mobile services and tight cost control. Service revenue rose 5.2% in 2025 to R$25,856 million, while total net revenue grew 4.6%.
Normalized EBITDA increased 7.5% in 2025 to R$13,577 million, lifting the normalized EBITDA margin to a record 51.0%. Normalized net income jumped 37.4% to R$4,343 million, helped by higher operating profit and a lower income tax burden.
Operating cash flow after leases and capex (normalized EBITDA‑AL minus capex) grew 15.7% in 2025 to R$6,032 million, while operating free cash flow rose 16.0%. Capex stayed broadly flat at R$4,541 million, supporting Brazil’s largest 5G coverage and B2B expansion, including R$1 billion in contracted B2B revenue.
TIM S.A. (TIMB) reports a strong 2025, with Net Service Revenue up 5.2% and normalized EBITDA rising 7.5%, pushing EBITDA margin from 49.6% to 51.0%. Operating cash flow grew 15.7%, supported by flat capex and disciplined cost control, with opex rising below inflation in every quarter.
Normalized net income increased 37.4%, earnings per share rose 39.1%, and total shareholder remuneration reached about R$4.3 billion, a 139% payout ratio. Net debt stood at R$11,112 million with leverage of 0.82x, while Net Debt-AL was negative, at -R$2,418 million.
The company highlights leadership in 5G, covering over 1,000 cities and winning six national Opensignal awards, and has contracted more than R$1 billion of B2B revenue since 2018. It also remains on CDP’s “A List” for climate for the third consecutive year and plans to present detailed 2026 guidance on February 24.
S.A. reported that its Fiscal Council met and unanimously endorsed the 2025 financial statements and management’s profit allocation and dividend proposal, all backed by an unqualified audit opinion from Ernst & Young.
The Company posted 2025 net income of R$4,311,984,064.94 and adjusted net income of R$3,676,356,774.92. Minimum mandatory dividends of 25% of adjusted net income total R$919,089,193.73, which are covered within R$4,000,000,000.00 already approved in 2025 as dividends and interest on shareholders’ equity. EY reported no fraud or illegal acts.
TIM S.A. filed a Form 6-K explaining press reports about a possible fiber infrastructure transaction. The company confirms it is in non-binding negotiations with IHS Fiber Brasil – Cessão de Infraestruturas Ltda. regarding a potential acquisition of an interest in I-Systems Soluções de Infraestrutura S.A.
TIM S.A. stresses that these talks are ongoing, with no final terms or conditions defined, and form part of its regular evaluation of strategic alternatives to strengthen broadband services and improve its telecommunications infrastructure. It explicitly does not confirm the amounts or detailed terms mentioned in the news article, which were attributed to unidentified sources.
The company also states it observed no atypical fluctuations in trading of its shares or related derivatives that would suggest misuse of privileged information around the article’s publication. Any eventual transaction would depend on internal analyses, customary conditions precedent, and required corporate and regulatory approvals, and the company commits to keep the market informed of relevant developments.
S.A., which trades as TIMS3 in Brazil and TIMB on the NYSE, filed a report clarifying press stories about a possible acquisition. The company confirms it is in non-binding talks with IHS Fiber Brasil – Cessão de Infraestruturas Ltda. over a potential purchase of an interest in I-Systems Soluções de Infraestrutura S.A.
The company states that no agreement has been reached on price, transaction structure, or any estimated timeline. It explains that this disclosure is being made solely to address media reports and to ensure fair and transparent information for the market, and it pledges to update shareholders if any material developments occur.
TIM S.A. has completed the acquisition of the entire capital stock of V8 Consulting S.A. ("V8.Tech"). The company states that all applicable precedent conditions were met before closing, in line with terms previously disclosed in a notice to the market on November 27, 2025.
TIM S.A., listed on B3 as TIMS3 and on the NYSE as TIMB, explains that it will keep shareholders and the broader market informed in accordance with Brazilian securities regulation Resolution No. 44 and other applicable legislation.
TIM S.A. filed a Form 6-K to inform shareholders that the date of its next Annual Shareholders’ Meeting has been rectified and will now be held on March 31, 2026, as reflected in the Company’s Corporate Events Calendar.
The Company states that additional information about this meeting will be provided later, when the formal call notice and related documents are released.
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