TIM S.A. approves R$480M interest on equity
TIM S.A. is returning cash to investors through interest on shareholders’ equity.
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Rhea-AI Filing Summary
TIM S.A. is returning cash to investors through interest on shareholders’ equity. The board approved the distribution of R$480,000,000.00 as Interest on Shareholders’ Equity at a gross amount of R$0.1994037422 per share. Shareholders of record on September 26, 2025 will be entitled to receive this payment, and shares acquired after that date will trade without rights to this distribution.
The payment is scheduled to be made by January 21, 2026, with a standard 15% income tax withholding, except for shareholders with differentiated or exempt tax treatment. The company notes that the gross amount per share may change if the number of treasury shares varies.
Insights
TIM S.A. approved a sizable R$480M interest on equity payout with a defined record and payment schedule.
The board of TIM S.A. approved the distribution of R$480,000,000.00 as Interest on Shareholders’ Equity, set at R$0.1994037422 gross per share. This mechanism functions similarly to a cash distribution funded from profits, structured under Brazilian corporate and tax rules.
Entitlement is tied to the record date of September 26, 2025, with payment to be completed by January 21, 2026. A 15% income tax withholding applies at credit, except for holders with differentiated or exempt status. The per-share amount can change if the number of treasury shares varies, so the aggregate approved amount is fixed while the exact per-share figure may adjust with future share movements.
FAQ
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What did TIMB (TIM S.A.) announce in this Form 6-K?
TIM S.A. reported that its board of directors approved the distribution of R$480,000,000.00 as Interest on Shareholders’ Equity to its shareholders.
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 23, 2025
Commission File Number: 001-39570
TIM S.A.
(Exact name of Registrant as specified in its Charter)
João
Cabral de Melo Neto Avenue, 850 – North Tower – 12th floor
22775-057 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
Yes ☐ No ☒
TIM S.A.
Publicly-Held Company
CNPJ/MF 02.421.421/0001-11
NIRE 333.0032463-1
MINUTES OF THE BOARD OF DIRECTORS’ MEETING
HELD ON SEPTEMBER 23rd, 2025
DATE, TIME AND PLACE: September 23rd, 2025, at 11.15 a.m., at the head office of TIM S.A. (“Company”), domiciled at Avenida João Cabral de Mello Neto, 850, Torre Sul, 13° floor, Barra da Tijuca, in the city and State of Rio de Janeiro.
PRESENCE: The Board of Directors’ Meeting of the Company was held at the date, time and place mentioned above, with the presence of Messrs. Nicandro Durante, Adrian Calaza, Alberto Mario Griselli, Alessandra Michelini, Claudio Giovanni Ezio Ongaro, Flavia Maria Bittencourt, Gesner José de Oliveira Filho, Gigliola Bonino, Herculano Aníbal Alves and Leonardo de Carvalho Capdeville, either in person or by means of audio or videoconference, as provided in the 2nd paragraph of Section 25, of the Company’s By-laws.
BOARD: Mr. Nicandro Durante – Chairman; and Mrs. Fabiane Reschke – Secretary.
AGENDA: (1) To acknowledge on the activities carried out by the Statutory Audit Committee; and (2) To resolve on the payment proposal of the Company’s interest on shareholders’ equity (“IE”).
RESOLUTIONS: Upon the review of the material presented and filed at the Company’s head office, and based on the information provided and discussions of the subjects included on the Agenda, the Board Members, unanimously by those present and with the abstention of the legally restricted, decided to register the discussions as follows:
(1) Acknowledged on the activities carried out by the Statutory Audit Committee (“CAE”) at its meeting held on September 23rd, 2025, as per Mr. Gesner José de Oliveira Filho, Coordinator of the CAE.
(2) Approved based on the Section 46, 3rd and 4th paragraphs, of the Company’s By-laws, and on the favorable opinion of the Fiscal Council, the distribution of R$480,000,000.00 (four hundred and eighty million reais) as Interest on Shareholders’ Equity ("IE"), at R$0.1994037422 (zero point one, nine, nine, four, zero, three, seven, four, two, two cents) of gross value per share. The payment will be made until January 21st, 2026, without the application of any monetary restatement index, considering the date of September 26th, 2025, as the date for identification of shareholders entitled to receive such values.
CONT. OF MINUTES OF THE BOARD OF DIRECTORS’ MEETING OF TIM S.A.
September 23rd, 2025
Therefore, the shares acquired after said date will be traded ex-direito of IE distribution. The withholding of Income Tax will be of 15% (fifteen percent) on the occasion of the credit of the IE, except for the shareholders who have differentiated taxation or who are exempt from said taxation. The gross amount per share may be modified due to the variation in the number of treasury shares.
CLOSING: With no further issues to discuss, the meeting was adjourned, and these minutes drafted as summary, read, approved and signed by all attendees Board Members.
I herein certify that these minutes are the faithful copy of the original version duly recorded in the respective corporate book.
Rio de Janeiro (RJ), September 23rd, 2025.
FABIANE RESCHKE
Secretary
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TIM S.A. | |||
| Date: September 23, 2025 | By: | /s/ Alberto Mario Griselli | |
| Alberto Mario Griselli | |||
| Chief Executive Officer, Chief Financial Officer and Investor Relations Officer | |||