TIM S.A. (TIMB) SEC Filings

TIM S.A. Chief Executive Officer Alberto Mario Griselli reported two equity compensation grants of common shares. On May 5, 2026, he acquired 99,692 common shares and 397,022 common shares at no cash price as awards tied to performance share programs.

The first award reflects shares earned from performance shares granted in 2023, including accrued dividend equivalent units, which vest 20%, 30% and 50% on the first three anniversaries of the original grant date. The second award reflects shares earned from portions of 2024 performance share grants, vesting 10%, 20% and 70% on the first three anniversaries of that grant date, in each case subject to his continued service.

TIM S.A. has completed the acquisition of the remaining 51% of the share capital of I-Systems Soluções de Infraestrutura S.A., after all conditions precedent were fulfilled on May 6, 2026. With this closing, TIM now owns 100% of I-Systems, which becomes a wholly owned subsidiary.

The final purchase price for the remaining stake was R$947 million, with all other terms and conditions unchanged from those previously disclosed in the February 11, 2026 material fact.

TIM S.A. reports Q1 2026 consolidated results and completes the acquisition of V8.Tech. Consolidated net revenue reached R$ 6,806,150 thousand, while net profit was R$ 817,093 thousand, slightly above the prior year. Operating cash generation remained strong, with consolidated net cash from operating activities of R$ 2,666,012 thousand.

Total consolidated assets stood at R$ 57,796,095 thousand and shareholders’ equity at R$ 24,420,124 thousand. TIM closed the purchase of 100% of V8.Tech for total consideration of R$ 166,006 thousand, recognizing R$ 128,602 thousand of goodwill and a new customer relationship intangible, reinforcing its B2B and digital solutions offering.

TIM S.A. reported 1Q26 net revenue of R$6,806 million, up 6.5% year over year, driven by mobile and Ultrafibra services. Service revenue also grew 6.5%, while mobile service revenue rose 5.6% and fixed service revenue increased 22.8%, including Ultrafibra growth.

Normalized EBITDA-AL reached R$2,523 million, up 7.8%, with a margin of 37.1%. Operating cash flow was R$1,169 million (up 16.8%), and operating free cash flow was R$453 million (up 54.0%), after Capex of R$1,354 million, or 19.9% of revenue.

Postpaid mobile ARPU rose to R$55.1, and Ultrafibra customers grew 11.4% to 880 thousand. TIM advanced its B2B and digital ecosystem with the V8.Tech acquisition, a deal to acquire the remaining 51% of I-Systems, a new financial-services partnership with PicPay, and expanded AI initiatives.

TIM S.A. reports early-year 1Q26 results with solid growth in core businesses. Total net revenue reached R$6,806 million, up 6.5% year over year, driven by both mobile and fixed services.

Mobile service revenue rose 5.6%, supported by postpaid growth and higher ARPU of R$33.7 per month, while prepaid revenue declined 6.5%. Broadband remained a highlight, with Ultrafibra net revenue up 11.4% and FTTH ARPU at R$93.8 per month, up 3.2%. Normalized EBITDA-AL grew 7.8% with a 37.1% margin, and operating cash flow increased 16.8% to R$1,169 million as capex discipline kept capex at 19.9% of net revenue. Normalized net income in 1Q26 was R$821 million, up 1.3%, while leverage remained low at 0.82x Net Debt/LTM EBITDA and -0.22x on a Net Debt-AL basis.

TIM S.A. furnished a Form 6-K presenting minutes of its Fiscal Council meeting and the council’s opinion on the company’s Q1 2026 quarterly information. The council reviewed tax, regulatory, civil and labor contingencies, examined the Quarterly Information Report, and heard Ernst & Young’s limited review, which reported no irregularities or reservations.

The Fiscal Council approved its 2026 work plan and unanimously elected Walmir Urbano Kesseli as its chairman, with a term running until the 2027 annual shareholders’ meeting. The council concluded that the quarterly information for the period ended March 31, 2026 is appropriate for submission to the Board of Directors under Brazilian Corporate Law.

TIM S.A. filed a Form 6-K to announce that it has been included in the ISE portfolio for the 18th consecutive year. The company states it is the telecommunications company with the longest continuous presence in this index, highlighting its ongoing focus on social, environmental and governance practices.

TIM S.A. reports decisions from a May 5, 2026 board of directors meeting. The board reviewed reports from its Compensation, ESG, Control and Risks, and Statutory Audit committees and approved updates to the Company’s Policy on Disclosure and Use of Information and Trading in Securities.

The board acknowledged the Quarterly Financial Report for the first quarter of 2026, dated March 31, 2026, which underwent a limited review by independent auditors Ernst & Young. It also approved EY’s 2026 Annual Work Plan, reinforcing the audit framework for the year.

Directors reviewed results of the Company’s Long Term Incentive Plans through fiscal 2025, set payment methods mainly in shares using treasury stock and a March 2026 average share price reference, and approved the 2026 grant. They also updated the 2026 Corporate Events Calendar and the Board’s Work Plan.

TIM S.A. is bringing forward payment of two previously approved Interest on Equity (IoE) distributions. The payments, totaling R$ 490,000,000.00 and R$ 390,000,000.00, will now be made on April 22, 2026 instead of by April 30, 2026.

The first IoE relates to a record date of March 31, 2025 with a gross amount of R$ 0.202495716 per share, while the second uses a March 23, 2026 record date and pays R$ 0.1632708888 per share. Shares purchased after these record dates are not entitled to these distributions.

Income tax of 15% and 17.5%, respectively, will be withheld at credit, except for shareholders who prove exempt or differentiated taxation. Payments will be processed via B3 through custody agents or directly by Banco Bradesco S.A., depending on how the shares are held.