Telefônica Brasil tweaks Interest on Capital after buybacks

Rhea-AI Filing Summary

Telefônica Brasil S.A. (VIV) filed a Form 6-K to inform investors that the per-share amounts of the Interest on Capital (IoC) declared on 12 June 2025 have been slightly increased following buybacks executed under its share-repurchase program. The gross IoC rises from R$0.06172680327 to R$0.06193311167, and the net amount after 15 % withholding tax improves from R$0.05246778278 to R$0.05264314492. Shareholders of record on 23 June 2025 will receive the revised distribution; the shares trade ex-interest from 24 June. The cash payment will be made on or before 30 April 2026, on a date still to be set by the Board.

Positive

• Gross IoC per share raised by 0.33 %, reflecting fewer shares outstanding after buybacks and marginally enhancing shareholder yield.

Negative

• Payment may occur as late as 30 April 2026, delaying actual cash receipt for nearly a year.

Insights

Financial Analyst

TL;DR: Miniscule IoC increase; positive signal but financially immaterial.

The recalculated IoC adds roughly R$0.0002063084 per share—about 0.33 %—because the outstanding share count fell under the buyback program. While this technically raises the dividend-equivalent yield, the absolute impact on earnings, cash flow, or valuation is negligible. Key dates (record 23 Jun 2025; payment by 30 Apr 2026) are unchanged, so the announcement mainly fulfils disclosure obligations.

Portfolio Manager

TL;DR: Symbolic bump in shareholder return; sentiment-positive, not portfolio-moving.

The slight uplift confirms management’s commitment to shareholder remuneration and indicates ongoing execution of the buyback. However, with less than a one-tenth-of-a-cent increase in U.S. dollar terms, the effect on total return is trivial. The long payment horizon (up to ten months) limits immediate cash yield. Overall, I view the notice as modestly constructive but not investment-thesis altering.

 

 

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 June, 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/MF) 02.558.157/0001-62

Company Registry (NIRE) 35.3.001.5881-4

NOTICE TO THE MARKET

RECALCULATION OF THE AMOUNT OF INTEREST ON CAPITAL

DELIBERATED ON JUNE 12, 2025

 

In continuity to the Notice to Shareholders of June 12, 2025, published in the edition of June 13, 2025, of the newspaper Valor Econômico, Telefônica Brasil S.A. ("Company") announces to its shareholders that, due to the acquisitions of shares of its own issue under the Company’s Share Buyback Program, the amount per share for the Interest on Capital declared by the Board of Directors on June 12, 2025, is now changed as follows:

 

From:

Type of Payment	Declaration Date	Shareholding Position	Gross Amount per Share (R$)	Withholding Income Tax (15%)	Net Amount per Share (R$)
  Interest on Capital  	06/12/2025	06/23/2025	0.06172680327	0.00925902049	0.05246778278

 

To:

Type of Payment	Declaration Date	Shareholding Position	Gross Amount per Share (R$)	Withholding Income Tax (15%)	Net Amount per Share (R$)
  Interest on Capital  	06/12/2025	06/23/2025	0.06193311167	0.00928996675	0.05264314492

 

The IoC will be paid individually to each shareholder, based on the shareholding position in the Company’s records at the end of June 23, 2025. After this date, the shares will be traded as “ex-interest”. The payment shall be executed by April 30, 2026, in a date to be defined by the Company’s Board.

 

São Paulo, June 23, 2025.

 

 

 

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil – Investor Relations

Email: ir.br@telefonica.com 

https://ri.telefonica.com.br/

 

 

 

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:	June 23, 2025	 	By:	/s/ João Pedro Carneiro
 	 	 	 	Name:	João Pedro Carneiro
 	 	 	 	Title:	Investor Relations Director

 

 

 

 

 

FAQ

What amount will VIV shareholders receive as Interest on Capital after tax?

Each share will receive R$0.05264314492 net of 15 % withholding tax.

Why was the IoC amount recalculated by Telefônica Brasil (VIV)?

The revision reflects share repurchases that reduced the share count under the company’s buyback program.

What is the record date for Telefônica Brasil’s updated IoC payment?

Shareholders must be on record at the close of 23 June 2025 to qualify.

When will VIV shares trade ex-interest for this IoC distribution?

Shares will trade ex-interest starting 24 June 2025.

By what date will Telefônica Brasil pay the revised IoC?

The company plans to pay on or before 30 April 2026, with the exact date to be defined.