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. announced changes to its Board of Directors. Mr. Nicandro Durante resigned as member and Chairman of the Board, and from his roles as Chairman of the Compensation Committee, Chairman of the Environmental, Social & Governance Committee, and member of the Statutory Audit Committee, effective from March 31, 2026.
Following his resignation, the Board elected Mr. Adrian Calaza as Chairman and appointed Mr. Camillo Greco as a Board member, both effective from March 31, 2026. The company highlighted Mr. Greco’s background in investment banking and finance and expressed gratitude to Mr. Durante for his service, stating it will inform shareholders of further leadership updates in line with applicable regulations.
TIM S.A. reported that its board met and approved key items for the 2026 cycle. Directors endorsed updated guidelines for the company’s 2026–2028 industrial plan, the methodology for interest on shareholders’ equity in 2026, and the 2026 Management by Objectives incentive program.
The board backed a compensation proposal for directors, officers, committee members and the fiscal council for 2026, to be submitted to shareholders. It also approved sending to an extraordinary meeting the 19th amendment extending the Cooperation and Support Agreement with Telecom Italia and a bylaws change updating the number of outstanding shares after treasury share cancellations.
Chairman Nicandro Durante tendered his resignation effective March 31, 2026, and the board appointed Adrian Calaza as the next chairman and rebalanced committee memberships. The board also appointed Camillo Greco as a director subject to shareholder ratification and called an annual and extraordinary shareholders’ meeting for March 31, 2026 with a detailed agenda.
TIM S.A. is calling an Annual and Extraordinary General Meeting for March 31, 2026 at 2:30 p.m. in Rio de Janeiro. Shareholders will vote on the 2025 management report and financial statements and on how to allocate 2025 results, including dividends. TIM reports net income of R$ 4,311,984,064.94 for the 2025 fiscal year.
The agenda also includes ratifying two Board appointments, electing a Fiscal Council with three effective and three alternate independent members, and approving 2026 compensation budgets for the Board, Statutory Board, Committees and Fiscal Council. Shareholders will further decide on extending the Cooperation and Support Agreement with Telecom Italia via its 19th amendment and amending the bylaws to reflect a new capital stock after share cancellations approved in December 2025. Participation is allowed in person, via proxy or through a remote voting ballot under CVM Resolution 81/2022.
TIM S.A. has called its Annual and Extraordinary General Shareholders’ Meeting for March 31, 2026 at 2:30 pm in Rio de Janeiro. Shareholders will vote on the 2025 management report and financial statements, how to allocate 2025 results, and the distribution of dividends.
They will also address board matters, including confirming prior Board of Directors appointments, assessing an independent board candidate under Novo Mercado rules, electing the Fiscal Council, and approving 2026 compensation for management, committees, and the Fiscal Council. The extraordinary agenda covers extending a Cooperation and Support Agreement with Telecom Italia S.p.A. via its 19th amendment and approving revised, consolidated by‑laws.
TIM S.A. outlines a 2026 strategic plan focused on turning revenue growth into stronger cash generation, built around mobile, broadband, B2B, AI, efficiency and ESG. The company aims to become an AI-first organization, modernize its network, expand 5G coverage and strengthen customer engagement through digital channels and personalized offers.
For 2026 guidance, TIM targets service revenue growth of about 5% year over year and EBITDA growth of 6%–8% on a normalized basis. Nominal capex is projected at R$ 4.4–4.6 billion, while EBITDA-AL minus capex is expected to rise 11%–14% to R$ 5.3–5.5 billion, supporting faster growth in shareholder returns.
TIM S.A. updated its 2026 strategic plan projections, targeting real service revenue growth above inflation and a stronger mix across mobile, broadband, and B2B services. The company expects service revenue to grow about 5% year over year, supported by cost discipline, digitalization, and artificial intelligence initiatives.
TIM is guiding for EBITDA growth of 6%–8% year over year and nominal capital expenditures of R$ 4.4–4.6 billion, excluding new spectrum assignments. Operating cash flow, measured as EBITDA-AL minus capex, is projected to grow 11%–14% year over year, and total shareholder remuneration related to fiscal 2026 is estimated at R$ 5.3–5.5 billion, subject to corporate approvals.
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.