Telefonica SEC Filings

Telefônica Brasil S.A. (VIV) reported that its Board of Directors, meeting on November 14, 2025, elected Gregorio Martínez Garrido as a new member of the Company’s Quality and Sustainability Committee. His term starts immediately and will run until the Annual General Meeting to be held in 2028, in line with his mandate as a board member.

Following this decision, the Quality and Sustainability Committee is composed of Denise Soares dos Santos (Chair), Cesar Mascaraque Alonso, Cristina Presz Palmaka de Luca, Solange Sobral Targa and Gregorio Martínez Garrido. The meeting was held remotely with full board attendance, and the minutes were formally approved and signed.

Telefônica Brasil S.A. (VIV) filed Q3/9M 2025 interim results on Form 6‑K with a clean review conclusion. The independent reviewer stated nothing came to their attention indicating the individual or consolidated statements as of September 30, 2025 are not fairly presented under CPC 21 and IAS 34.

Consolidated net operating revenue was R$14,949,056 for the quarter and R$43,984,421 for the nine months. Consolidated net income reached R$1,887,220 in the quarter and R$4,282,295 year‑to‑date. On the parent‑company basis, basic and diluted earnings per share were R$0.58782 for the quarter and R$1.32788 for the nine months. Operating cash flow totaled R$15,572,463 for the nine months; investing used R$6,694,924 and financing used R$8,772,076, ending with cash and cash equivalents of R$6,796,561.

The balance sheet showed consolidated assets of R$123,899,419 and equity of R$68,500,404. The company finalized the adaptation from STFC concession to authorization and received approvals for extending 2,100 MHz spectrum. It closed the acquisition of Samauma (up to R$66,451) and agreed to acquire 50% of FiBrasil for R$850,000, approved by ANATEL and CADE, subject to customary closing conditions.

Telefônica Brasil (VIV) reported that its Fiscal Council unanimously approved a proposal to declare Interest on Capital based on the October 31, 2025 balance sheet in the gross amount of R$340,000,000.00 (net R$289,000,000.00). The referenced per‑share amounts are R$0.106085413391 gross and R$0.090172601381 net.

The IoC will be credited to shareholders of record at the end of November 24, 2025, after which the shares trade ex‑IoC. The company notes the per‑share figure may change due to its buyback program and the share count to be verified on November 24, 2025. The net IoC will be included in the minimum mandatory dividend for fiscal year 2025, subject to approval at the 2026 Ordinary General Meeting, and payment will be made by April 30, 2026, with the exact date set by the Executive Board.

Telefônica Brasil (VIV) announced a board-approved interest on capital (IoC) distribution based on the balance sheet as of October 31, 2025. The gross amount is R$340,000,000.00 and the net amount after withholding tax is R$289,000,000.00.

The declared IoC equals R$0.106085413391 per common share gross and R$0.090172601381 net. Shareholders of record at the end of November 24, 2025 will be credited; after this date, shares trade ex‑IoC. The per‑share value was calculated using the shareholding position on October 31, 2025 and may change due to the ongoing buyback and the position to be verified on November 24, 2025. The net IoC will be attributed to the mandatory dividend for fiscal year 2025, ad referendum of the 2026 Ordinary General Meeting, with payment to be made by April 30, 2026, on a date to be set by the Board.

Telefônica Brasil (VIV) declared Interest on Capital totaling R$340,000,000.00, with 15% withholding tax, resulting in a net distribution of R$289,000,000.00, based on the balance sheet of October 31, 2025. The declared per-share amounts are R$0.10608541339 gross and R$0.09017260138 net.

The entitlement date is the close of November 24, 2025, after which the shares trade ex-IoC. Payment will be made by April 30, 2026, and the IoC will be considered part of the mandatory dividends for the fiscal year ending December 31, 2025, subject to shareholder approval at the 2026 meeting. The per-share amount may be adjusted to reflect the share base on November 24, 2025, given the ongoing buyback program.

Telefônica Brasil S.A. (VIV) completed the acquisition of all Fibrasil shares held by La Caisse Group, closing the deal after regulatory approvals and other precedent conditions. The acquisition price, adjusted by CDI, totaled R$ 858,001,662.32.

Following the closing, Telefônica Brasil now owns 75.01% of Fibrasil, while Telefónica Infra S.L. Unipersonal holds 24.99%. The subscription warrants referenced in the July 10, 2025 disclosure were canceled immediately after closing. The company will submit the transaction for ratification at a General Shareholders’ Meeting under Brazilian law; approval will also trigger withdrawal rights for dissenting shareholders. Additional meeting documents and details will be disclosed by the company in due course.

Telefônica Brasil S.A. (VIV) announced a corporate reorganization in which its controlled entity, Telefônica Cloud e Tecnologia do Brasil S.A., incorporated its wholly owned subsidiary IPNet Serviços em Nuvem e Desenvolvimento de Sistemas Ltda. effective November 1, 2025. The transaction was executed at the book value of IPNet’s net assets, with no change to the share capital of Telefônica Cloud Brasil and no change to the Company’s equity interest in that entity.

The reorganization aims to simplify operating structures, reduce costs tied to overlapping activities, and leverage internal synergies. Following the incorporation, Telefônica Cloud Brasil succeeds IPNet in all assets, liabilities, rights, and obligations.

Telefônica Brasil (VIV) reported solid 3Q25 under IFRS, with net revenue of R$14,949 million, up 6.5% year over year, driven by postpaid (+8.0%), FTTH (+10.6%) and Corporate Data/ICT/Digital Services (+22.8%). EBITDA reached R$6,486 million, up 9.0%, with a 43.4% margin. Net income rose 13.3% to R$1,888 million. Operating cash flow was R$3,883 million and free cash flow R$1,762 million. Capex totaled R$2,603 million (17.4% of revenue).

Mobile accesses grew to 102.9 million, with postpaid up 7.3% and ARPU at R$31.5. Fiber reached 30.5 million homes passed and 7.6 million connected; FTTH churn improved to 1.46%. The company covered 683 municipalities with 5G and 66.7% of Brazil’s population. Gross debt (ex‑IFRS 16) fell to R$3,978 million; net cash stood at R$2,997 million. Shareholder payouts through October totaled R$5,676 million, and 34,740,770 treasury shares were canceled, leaving 3,226,546,622 common shares outstanding.

Telefônica Brasil (VIV) confirmed the Interest on Capital amount per share deliberated on October 14, 2025 remains unchanged. The gross amount is R$0.11856605026 per share, with a 15% withholding tax of R$0.01778490754, resulting in a net amount of R$0.10078114272 per share.

Shareholders of record at the end of October 27, 2025 will receive the IoC; shares trade ex‑interest after that date. Payment will be executed by April 30, 2026 on a date to be defined by the Board. The company reported no acquisitions, divestitures, or cancellations under its share buyback program.