Telefônica Brasil (VIV) sets R$250M 2025 interest on capital payout
Rhea-AI Filing Summary
Telefônica Brasil approved a new interest on capital distribution, which is a form of shareholder payout similar to a dividend under Brazilian tax rules. The Board authorized a gross amount of R$250,000,000.00, which after 15% withholding income tax results in a net total of R$212,500,000.00, based on the balance sheet of July 31, 2025.
The initial calculation gives a gross IoC of R$0.07773999142 per share and a net amount of R$0.06607899271 per share, calculated on the shareholding position of July 31, 2025. These amounts will count toward the mandatory dividends for the fiscal year ending December 31, 2025, subject to approval at the 2026 annual shareholders’ meeting.
Shareholders on record at the end of August 25, 2025 will be entitled to receive this IoC, and the shares will trade ex-IoC after that date. Payment will be made by April 30, 2026, with the exact date to be set by the Executive Board, and the per-share amount may be adjusted to reflect the share base on August 25, 2025, including any shares repurchased under the current buyback program.
Positive
- None.
Negative
- None.
Insights
Telefônica Brasil schedules sizable 2025 interest on capital payout.
Telefônica Brasil authorized interest on capital of R$250,000,000.00 based on its July 31, 2025 balance sheet. After the standard 15% withholding tax, shareholders collectively receive net proceeds of R$212,500,000.00, positioning this as a meaningful cash distribution for income-focused holders.
The per-share IoC is initially calculated at a gross R$0.07773999142 and net R$0.06607899271, tied first to the share base on July 31, 2025 and ultimately to the record date of August 25, 2025. The filing states that this IoC will be treated as part of mandatory dividends for the year ending December 31, 2025, subject to shareholder approval in 2026, aligning the payout with the company’s regular distribution policy.
The exact payment date will be set later but must occur by April 30, 2026, and the per-share figure may change depending on activity under the current share buyback program up to the record date. Shareholders who are exempt from income tax have until September 1, 2025 to document their status with the share registrar, which can affect their net cash received.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What interest on capital did Telefônica Brasil (VIV) approve in August 2025?
The Board of Telefônica Brasil approved interest on capital totaling R$250,000,000.00 gross, with a net amount of R$212,500,000.00 after 15% withholding income tax, based on the balance sheet of July 31, 2025.
What is the record date and ex-date for Telefônica Brasil (VIV) interest on capital?
Shareholders recorded in the company’s books at the end of August 25, 2025 will be entitled to the interest on capital. After this date, the shares will trade as ex-IoC, meaning new buyers will not receive this specific distribution.
When will Telefônica Brasil (VIV) pay the approved interest on capital?
The company states that payment of the interest on capital will be made by April 30, 2026. The exact payment date within this period will be determined by the Executive Board.
Will this interest on capital count toward Telefônica Brasil’s 2025 mandatory dividend?
Yes. According to the company, the interest on capital will be considered part of the mandatory dividends for the fiscal year ending on December 31, 2025, subject to approval at the Ordinary General Shareholders’ Meeting to be held in 2026.
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
For the month of August, 2025
Commission File Number: 001-14475
TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)
TELEFONICA BRAZIL S.A.
(Translation of registrant’s name into English)
Av. Eng° Luís Carlos Berrini, 1376 - 28º andar
São Paulo, S.P.
Federative Republic of 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 |
X |
|
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 |
X |
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 |
X |
TELEFÔNICA BRASIL S.A.
Publicly Held Company
Corporate Taxpayer’s ID (CNPJ) 02.558.157/0001-62
Company Registry (NIRE) 35.3.001.5881-4
NOTICE TO SHAREHOLDERS
DELIBERATION OF INTEREST ON CAPITAL
Telefônica Brasil S.A. (“Company”) communicates its Shareholders that its Board of Directors, at a meeting held on August 14, 2025, approved the declaration of Interest on Capital (“IoC”), pursuant to Article 26 of the Company’s Bylaws, Article 9 of Law 9,249/95 and CVM Resolution 143/2022, in the gross amount of R$250,000,000.00 (two hundred and fifty million reais), withholding income tax at the rate of 15%, resulting in the net amount of R$212,500,000.00 (two hundred and twelve million, five hundred thousand reais), based on the balance sheet of July 31, 2025. The amount per share is described in the table below:
| Type of Payment | Declaration Date | Shareholding Position | Gross Amount per Share (R$)¹ |
Withholding Income Tax (15%) |
Net Amount per Share (R$)¹ |
|
Interest on Capital
|
08/14/2025 | 08/25/2025 | 0.07773999142 | 0.01166099871 | 0.06607899271 |
¹ Amount per share calculated based on the shareholding position of July 31, 2025.
As established in the article 26 of the Company’s Bylaws, said IoC will be considered as part of the mandatory dividends for the fiscal year ending on December 31, 2025, ad referendum of the Ordinary General Shareholders’ Meeting to be held in 2026.
The IoC will be paid individually to each shareholder, based on the shareholding position in the Company’s records at the end of August 25, 2025. After this date, the shares will trade as “ex-IoC”. The payment of these proceeds will be made by April 30, 2026, with the Company’s Executive Board being responsible for setting the exact date.
The amount per share of Interest on Capital may be adjusted according to the Company’s shareholding base on August 25, 2025, due to possible acquisitions of shares under the current Company's Share Buyback Program.
TELEFÔNICA BRASIL S.A.
Publicly Held Company
Corporate Taxpayer’s ID (CNPJ) 02.558.157/0001-62
Company Registry (NIRE) 35.3.001.5881-4
Shareholders who are immune to or exempt from income tax, in accordance with the current legislation, must prove such conditions by September 1, 2025, to the Shares and Custody Department of Banco Bradesco S.A., the depositary institution of the Company’s book-entry shares, located at Cidade de Deus, s/n, Prédio Amarelo Velho, subsolo – Vila Yara – Zip Code: 06029-900 – Osasco – SP.
São Paulo, August 14, 2025.
|
|
|
David Melcon Sanchez-Friera CFO and Investor Relations Officer Telefônica Brasil – Investor Relations Email: ir.br@telefonica.com https://ri.telefonica.com.br/en |
SIGNATURE
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.
|
|
|
TELEFÔNICA BRASIL S.A. | |||
|
Date: |
August 14, 2025 |
|
By: |
/s/ João Pedro Carneiro | |
|
|
|
|
|
Name: |
João Pedro Carneiro |
|
|
|
|
|
Title: |
Investor Relations Director |