Telefônica Brasil (NYSE: VIV) board approves R$230M interest on capital

Rhea-AI Filing Summary

Telefônica Brasil S.A. approved an interest on capital distribution of R$230,000,000.00 based on the balance sheet of May 31, 2026. After withholding income tax at a standard rate of 17.5%, the net amount totals R$189,750,000.00.

The gross IoC amounts to R$0.071973821142 per share, or R$0.059378402441 per share net of income tax, subject to adjustments from the share buyback program. Shareholders on record at the end of June 26, 2026 will receive these proceeds by April 30, 2027, and the net IoC will count toward the mandatory minimum dividend for the fiscal year ending December 31, 2026.

Key Figures

Gross interest on capital: R$230,000,000.00 Net interest on capital: R$189,750,000.00 Gross IoC per share: R$0.071973821142 per share +4 more

7 metrics

Gross interest on capital R$230,000,000.00 Approved based on balance sheet of May 31, 2026

Net interest on capital R$189,750,000.00 After 17.5% withholding income tax

Gross IoC per share R$0.071973821142 per share Calculated from shareholding position of May 29, 2026

Net IoC per share R$0.059378402441 per share Net of income tax, subject to change with buyback

Withholding income tax rate 17.5% Standard rate; may vary by treaties or exemptions

Shareholder record date June 26, 2026 Shareholders on record at end of this date receive IoC

Latest payment date April 30, 2027 Deadline for paying approved interest on capital

Key Terms

interest on capital, mandatory minimum dividend, withholding income tax, Share Buyback Program

4 terms

interest on capital financial

"The proposal for a declaration of interest on capital by the Company (“IoC”) was approved"

Interest on capital is the cost a business pays for using money — either money it borrowed or funds provided by owners — and functions like rent paid for that capital. It matters to investors because higher interest payments reduce profits and cash available for dividends or growth, while lower interest costs leave more profit and improve company value; think of it as the price of fueling a company’s operations.

mandatory minimum dividend financial

"The net amount of the IoC will be allocated to the mandatory minimum dividend for fiscal year ending December 31, 2026"

withholding income tax financial

"corresponding to R$189,750,000.00 net of withholding income tax"

Share Buyback Program financial

"Given the Company’s Share Buyback Program in effect, the value per share may be subject to change"

A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 06/16/2026 - 06:01 AM Accepted by SEC EDGAR 06/15/2026 - 06:02 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 June, 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. 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

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 527th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON JUNE 15, 2026

1. DATE, TIME AND VENUE:  On June 15, 2026, at 10:00 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 Article 15, Paragraph 2 of the Company’s Regulations 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 and discussing the matters on the Agenda, the present 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 May 31, 2026, in the gross amount of R$230,000,000.00, corresponding to R$189,750,000.00¹ net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.07197382114², of which R$0.05937840244^{1, 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 June 26, 2026. After this date, the shares will be considered “ex-IoC”.

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

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 May 29, 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 June 26, 2026.

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 527th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON JUNE 15, 2026

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, June 15, 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; María Cristina Rotondo Urcola 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 527th Meeting of the Board of Directors of Telefônica Brasil S.A., held on June 15, 2026, drawn up in the Company’s book. This is a free English translation.

______________________________________

Breno Rodrigo Pacheco de Oliveira

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.

			TELEFÔNICA BRASIL S.A.
Date:	June 15, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director

FAQ

What interest on capital did Telefônica Brasil (VIV) approve in June 2026?

Telefônica Brasil approved interest on capital of R$230,000,000.00. This amount is based on the May 31, 2026 balance sheet and equals R$189,750,000.00 net of withholding income tax, contributing to the company’s mandatory minimum dividend for the 2026 fiscal year.

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

The gross interest on capital is R$0.071973821142 per share. Net of income tax, the amount is R$0.059378402441 per share. These figures may change slightly because they are affected by the company’s ongoing share buyback program and the shareholding position on June 26, 2026.

Who is entitled to Telefônica Brasil (VIV) interest on capital from June 2026?

Shareholders on record at the end of June 26, 2026 are entitled. The company will credit interest on capital individually to these shareholders, and from June 27, 2026 onward, the shares will trade ex-interest on capital, meaning new buyers will not receive this specific distribution.

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

Payment will be made by April 30, 2027. Management is responsible for setting the exact payment date within this deadline. The approved net interest on capital will also be counted toward the mandatory minimum dividend for the fiscal year ending December 31, 2026.

How does Telefônica Brasil (VIV) treat tax on this interest on capital?

The company applies a standard 17.5% withholding income tax on the gross IoC. This reduces the total from R$230,000,000.00 gross to R$189,750,000.00 net. The actual tax rate for some shareholders may vary due to treaties, exemptions, or special tax regimes.

How does this interest on capital relate to Telefônica Brasil (VIV) dividends?

The net interest on capital will be allocated to the 2026 mandatory minimum dividend. It will be considered part of the dividend distribution for the fiscal year ending December 31, 2026, subject to approval at the Ordinary General Meeting expected to be held in 2027.