Tim S A SEC Filings

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.

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.