Telefônica Brasil proposes R$380M interest on capital; pay by Apr 30, 2026
Telefônica Brasil S.A.
Rhea-AI Filing Summary
Telefônica Brasil S.A. (VIV) reported that its Fiscal Council unanimously approved a proposal to declare interest on capital based on the September 30, 2025 balance sheet. The proposal totals R$380,000,000.00 gross, or R$323,000,000.00 net of withholding tax.
The indicated amount equals a gross R$0.11856605026 per share and R$0.10078114272 net, credited to shareholders of record at the end of October 27, 2025, after which the shares trade ex‑IoC. The net IoC will be included in the minimum mandatory dividend for fiscal year 2025, ad referendum to the Ordinary General Meeting to be held in 2026, with payment to be made by April 30, 2026.
The per‑share value was calculated using the September 30, 2025 share count and may change due to the Company’s share buyback program and the shareholding position to be verified on October 27, 2025.
Positive
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Insights
Routine cash return via interest on capital; neutral impact.
Telefônica Brasil advanced a shareholder remuneration step as its Fiscal Council approved proposing interest on capital of R$380,000,000.00 gross (R$323,000,000.00 net). In Brazil, interest on capital is a tax‑advantaged distribution recognized as part of the minimum mandatory dividend.
Key mechanics are defined: record date is October 27, 2025, with per‑share amounts stated and a note that figures may vary due to the buyback program and the share count verified on that date. The net amount will be included in FY2025 mandatory dividends, subject to the Ordinary General Meeting in 2026.
Investors can track two anchors: the record date on October 27, 2025 and the payment to be made by April 30, 2026. Actual per‑share paid will reflect the share base as of the record date.
FAQ
How much interest on capital did VIV propose?
What is the record date for VIV’s interest on capital?
When will Telefônica Brasil pay the interest on capital?
How does this relate to VIV’s mandatory dividend?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 October, 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:
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Form 20-F |
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Form 40-F |
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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):
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Yes |
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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):
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Yes |
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No |
X |
TELEFÔNICA BRASIL S.A.
Publicly Held Company
CNPJ No. 02.558.157/0001-62
NIRE 35.3.0015881-4
MINUTES OF THE 251st FISCAL COUNCIL’S MEETING OF
TELEFÔNICA BRASIL S.A., HELD ON OCTOBER 13, 2025
1. DATE, TIME AND VENUE: On October 13, 2025, at 10:40 a.m. (São Paulo local time), held remotely as provided for in Article 16, First Paragraph, of the Internal Rules of the Fiscal Council (“Rules”) of Telefônica Brasil S.A. (“Company”).
2. CALL NOTICE AND ATTENDANCE: The call notice was waived, given the presence of all Fiscal Council members, who subscribe these minutes, as provided for in Article 12, paragraph 2, of the Company’s Rules, establishing, therefore, quorum according to the Company’s Bylaws for instating the meeting. The Director of Corporate and Business Affairs, Mrs. Nathalia Pereira Leite, was also present as the Meeting Secretary.
3. AGENDA AND RESOLUTION: After examining and debating the matter in the Agenda, the Fiscal Council members present at the meeting unanimously decided the following:
3.1. Proposal for the Declaration of Interest on Capital: The proposal for the declaration of interest on Capital (“IoC”) to be submitted to the Company’s Board of Directors, was reviewed in the following terms:
“Proposal to declare IoC based on the balance sheet of September 30, 2025, in the gross amount of R$380,000,000.00, corresponding to R$323,000,000.00 net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.11856605026 1, of which R$0.10078114272¹ net of income tax.
The IoC credit will be carried out individually to the shareholders, based on the shareholding position in the Company’s records at the end of October 27, 2025. After this date, the shares will be considered “ex-IoC”.
The net amount of the IoC will be included in the minimum mandatory dividend for fiscal year ending December 31, 2025, ad referendum to the Ordinary General Meeting to be held in 2026, and the payment of this proceeds will be made by April 30, 2026, with the Company’s Executive Board being responsible for setting the exact date.”
1 Value per share calculated based on the shareholding position of September 30, 2025. Given the Company’s Share Buyback Program in effect, the value per share may be subject to change, considering the Company’s shareholding position to be verified on October 27, 2025.
TELEFÔNICA BRASIL S.A.
Publicly Held Company
CNPJ No. 02.558.157/0001-62
NIRE 35.3.0015881-4
MINUTES OF THE 251st FISCAL COUNCIL’S MEETING OF
TELEFÔNICA BRASIL S.A., HELD ON OCTOBER 13, 2025
Unanimously, the members of the Fiscal Council approved the proposal, given that they consider it to be in accordance with the applicable legislation.
4. CLOSING: There being no further matter to discuss, the meeting was adjourned, and these minutes were drawn up. São Paulo, October 13, 2025.
| _______________________________ | _______________________________ | |
| Gabriela Soares Pedercini | Stael Prata Silva Filho | |
| _______________________________ | _______________________________ | |
| Luciana Doria Wilson | Nathalia Pereira Leite | |
| Meeting Secretary |
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.
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TELEFÔNICA BRASIL S.A. | |||
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Date: |
October 14, 2025 |
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By: |
/s/ João Pedro Carneiro | |
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Name: |
João Pedro Carneiro |
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Title: |
Investor Relations Director |