Telefônica Brasil approves R$200M interest on capital

Telefônica Brasil S.A. approved a distribution of interest on capital totaling R$200,000,000.00, based on the balance sheet dated February 28, 2026.

Rhea-AI Filing Summary

Telefônica Brasil S.A. approved a distribution of interest on capital totaling R$200,000,000.00, based on the balance sheet dated February 28, 2026. The estimated net amount after withholding tax is R$165,000,000.00, using a standard tax rate of 17.5%.

The gross amount per share is R$0.062585931421, with an estimated net of R$0.05163339342 per share, subject to adjustments due to the share buyback program and the shareholding position on March 25, 2026. Shareholders on record at the end of March 25, 2026 will be entitled to this distribution.

The net interest on capital will be credited against the minimum mandatory dividend for the fiscal year ending December 31, 2026, pending approval by the Ordinary General Meeting to be held in 2027. Payment is scheduled to occur by April 30, 2027, with the exact date to be set by the Executive Board.

Insights

Equity income analyst

Telefônica Brasil declares R$200M in interest on capital, reinforcing 2026 shareholder cash returns.

The Board of Telefônica Brasil approved interest on capital of R$200,000,000.00, with an estimated net value of R$165,000,000.00 after a standard 17.5% withholding tax. This is structured as part of the shareholder remuneration for the fiscal year ending December 31, 2026.

The gross per-share amount is R$0.062585931421, with an estimated net of R$0.05163339342 per share. These figures may change slightly because of the ongoing share buyback program and different tax treatments across jurisdictions. Entitlement is based on the shareholding position at the end of March 25, 2026.

The net interest on capital will be included in the minimum mandatory dividend for 2026, subject to approval at the Ordinary General Meeting in 2027, with payment to be made by April 30, 2027. This aligns the distribution with future corporate approvals while giving visibility on the intended cash return framework.

FAQ

What did Telefônica Brasil (VIV) approve in this March 2026 board meeting?

Telefônica Brasil approved interest on capital totaling R$200,000,000.00, based on the February 28, 2026 balance sheet. This distribution will form part of the minimum mandatory dividend for the 2026 fiscal year, subject to approval at the Ordinary General Meeting in 2027.

How much interest on capital per share will Telefônica Brasil (VIV) pay?

The gross interest on capital per share is R$0.062585931421, with an estimated net of R$0.05163339342 after a standard 17.5% withholding tax. These per-share values may be adjusted due to the company’s share buyback program and final share count on March 25, 2026.

When is the record date for Telefônica Brasil (VIV) interest on capital?

Shareholders registered at the end of March 25, 2026 will be entitled to the interest on capital. After this date, shares will trade ex-interest on capital, meaning buyers will no longer receive this specific distribution linked to the February 28, 2026 balance sheet.

How does this interest on capital affect Telefônica Brasil’s 2026 dividends?

The net interest on capital, estimated at R$165,000,000.00, will be included in the minimum mandatory dividend for the fiscal year ending December 31, 2026. This treatment is subject to approval at the Ordinary General Meeting scheduled to occur in 2027.

When will Telefônica Brasil (VIV) pay the approved interest on capital?

Payment of the approved interest on capital is planned to occur by April 30, 2027. The company’s Executive Board will define the exact payment date, aligning the distribution with the broader 2026 dividend timetable once shareholder approvals are obtained.

What tax rate applies to Telefônica Brasil (VIV) interest on capital?

The company calculated the net interest on capital using a standard 17.5% withholding income tax rate. This rate may vary for some shareholders due to international treaties, tax immunities, exemptions, favorable taxation jurisdictions, or privileged tax regimes explicitly mentioned in the documentation.

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Accepted by SEC EDGAR 03/13/2026 - 05:11 PM Learn about SEC filing dates

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 March, 2026

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. Engº 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

MINUTES OF THE 519th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON MARCH 13, 2026

1. DATE, TIME AND VENUE: On March 13, 2026, at 11:00 a.m. (São Paulo local time), held remotely, as provided for in Article 19, paragraph 1, of the Internal Regulations of the Board of Directors and the Technical and Consultant Committees ("Regulations") of Telefônica Brasil S.A. ("Company").

2. CALL NOTICE AND ATTENDANCE: The call notice was waived, given the presence of all members of the Board of Directors of the Company, who subscribe to these minutes, establishing, therefore, quorum according to the Company’s Bylaws for instating the meeting. The Company's General Secretary and Legal Officer, Mr. Breno Rodrigo Pacheco de Oliveira, also attended the meeting as Secretary.

3. PRESIDING BOARD: Eduardo Navarro de Carvalho – Chairman of the Board of Directors; Breno Rodrigo Pacheco de Oliveira – Meeting Secretary.

4. AGENDA AND RESOLUTION: After examining the matters on the Agenda, the members of the Board of Directors unanimously decided as follows:

4.1. Proposal for the Declaration of Interest on Capital: The proposal for a declaration of interest on capital by the Company (“IoC”) was approved, based on the balance sheet of February 28, 2026, in the gross amount of R$200,000,000.00, corresponding to R$165,000,000.00¹ net of income withholding income tax. The gross amount of IoC per share is equivalent to R$0.062585931421, of which R$0.05163339342¹ 2 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 March 25, 2026. After this date, the shares will be considered “ex-IoC.”

1 Considers the standard tax rate of 17.5%, which may vary due to international treaties, tax immunities and exemptions, countries with favorable taxation, and privileged tax regimes.

² Value per share calculated based on the shareholding position of February 27, 2026. 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 March 25, 2026.

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

MINUTES OF THE 519th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON MARCH 13, 2026

The net amount of the IoC will be included in the minimum mandatory dividend for fiscal year ending December 31, 2026, ad referendum to the Ordinary General Meeting to be held in 2027, and the payment will be made by April 30, 2027, with the Company’s Executive Board being responsible for setting the exact date.

5. CLOSING: There being no further matters to discuss, the Chairman of the Board of Directors adjourned the meeting, and these minutes were drawn up. São Paulo, March 13, 2026. (aa) Eduardo Navarro de Carvalho – Chairman of the Board of Directors; Andrea Capelo Pinheiro; Cesar Mascaraque Alonso; Christian Mauad Gebara; Cristina Presz Palmaka de Luca; Denise Soares dos Santos; Gregorio Martínez Garrido; Ignácio Maria Moreno Martínez; Jordi Gual Solé; Marc Xirau Trias; and Solange Sobral Targa. Meeting Secretary: Breno Rodrigo Pacheco de Oliveira.

I hereby certify that these minutes are a faithful copy of the minutes of the 519th Meeting of the Board of Directors of Telefônica Brasil S.A., held on March 13, 2026, drawn up in the Company’s book. This is a free English translation.

__________________________________________

Breno Rodrigo Pacheco de Oliveira

Meeting Secretary

SIGNATURES

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.

Date: March 13, 2026

			TELEFÔNICA BRASIL S.A.
			By:			/s/ João Pedro Carneiro
			Name:			João Pedro Carneiro
			Title:			Investor Relations Director