Telefônica Brasil (NYSE: VIV) approves R$500M interest on capital payout

Rhea-AI Filing Summary

Telefônica Brasil S.A.'s board approved a distribution of R$500,000,000.00 in interest on capital (IoC), based on the balance sheet as of June 30, 2026. The net amount after withholding income tax is R$412,500,000.00, using a standard tax rate of 17.5%.

The IoC corresponds to R$0.156464828562 gross per share and R$0.129083483561 net per share, initially calculated on the shareholding position of June 30, 2026 and subject to adjustment due to the share buyback program. Shareholders of record at the end of July 27, 2026 will be entitled to the IoC; from the following day, shares trade ex-IoC. The net IoC will count toward the mandatory minimum dividend for the 2026 fiscal year, subject to approval at the 2027 ordinary general meeting, and payment will be made by April 30, 2027, on a date to be set by management.

Key Figures

Total interest on capital (gross): R$500,000,000.00 Total interest on capital (net): R$412,500,000.00 Per-share IoC gross: R$0.156464828562 +5 more

8 metrics

Total interest on capital (gross) R$500,000,000.00 IoC approved based on balance sheet of June 30, 2026

Total interest on capital (net) R$412,500,000.00 Net amount after withholding income tax at standard rate

Per-share IoC gross R$0.156464828562 Gross IoC per share, initially based on June 30, 2026 shareholding

Per-share IoC net R$0.129083483561 Net IoC per share before any adjustment for buybacks

Withholding income tax rate 17.5% Standard rate used to calculate net IoC, subject to specific shareholder conditions

IoC record date July 27, 2026 Shareholding position date to qualify for IoC entitlement

IoC payment deadline April 30, 2027 Latest date by which IoC will be paid, exact date to be set by management

Fiscal year for dividend allocation 2026 Net IoC will be imputed to the mandatory minimum dividend for this fiscal year

Key Terms

interest on capital, withholding income tax, mandatory minimum dividend, Share Buyback Program, +1 more

5 terms

interest on capital financial

"The proposal for a declaration of interest on capital by the Company"

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.

withholding income tax financial

"corresponding to R$412,500,000.00 net of withholding income tax"

mandatory minimum dividend financial

"The net amount of the IoC will be allocated to the mandatory minimum dividend"

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.

ex-IoC financial

"After this date, the shares will be considered “ex-IoC”"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

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

Telefônica Brasil approved R$500,000,000.00 in interest on capital, based on the June 30, 2026 balance sheet. The net amount after withholding tax is R$412,500,000.00, counting toward the 2026 mandatory minimum dividend.

What is the per-share interest on capital amount for Telefônica Brasil (VIV)?

The board set interest on capital at R$0.156464828562 gross per share and R$0.129083483561 net per share. These figures are based on the June 30, 2026 shareholding position and may change due to the share buyback program.

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

Shareholders must be on Telefônica Brasil's register at the end of July 27, 2026 to receive interest on capital. From the next trading day, the company's shares will be considered ex-IoC and no longer carry this entitlement.

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

Payment of the approved interest on capital will occur by April 30, 2027. The exact payment date will be defined by the company's management, and the net IoC will be imputed to the 2026 mandatory minimum dividend.

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

The IoC uses a standard 17.5% withholding income tax rate, reducing the gross R$500,000,000.00 distribution to R$412,500,000.00 net. The effective rate for each shareholder may vary due to treaties, immunities, exemptions, or favorable tax regimes.

Will Telefônica Brasil (VIV) interest on capital per share remain fixed?

The stated per-share IoC values are calculated on the June 30, 2026 share position. Because Telefônica Brasil has a Share Buyback Program in effect, the final per-share amount may be adjusted based on the shareholding position on July 27, 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 July, 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 530th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON JULY 16, 2026

1. DATE, TIME AND VENUE: On July 16, 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:

TELEFÔNICA BRASIL S.A.

Publicly Held Company
CNPJ No. 02.558.157/0001-62
NIRE 35.3.0015881-4

MINUTES OF THE 530th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON JULY 16, 2026

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 June 30, 2026, in the gross amount of R$500,000,000.00, corresponding to R$412,500,000.00¹ net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.15646482856², of which R$0.12908348356^1,2 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 July 27, 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.

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, July 16, 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 530th Meeting of the Board of Directors of Telefônica Brasil S.A., held on July 16, 2026, drawn up in the Company's book. This is a free English translation.

___________________________________________

Breno Rodrigo Pacheco de Oliveira

Meeting Secretary

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 June 30, 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 July 27, 2026.

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:	July 16, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director