Telefônica Brasil backs R$500M interest on capital

Telefônica Brasil S.A.

Available on EDGAR 09/14/2026 - 05:28 PM EDT Accepted by SEC EDGAR 09/14/2026 - 05:27 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Telefônica Brasil S.A. (VIV) reports that its Fiscal Council unanimously issued a favorable opinion on a proposal to declare Interest on Capital (IoC) based on the August 31, 2026 balance sheet, in a gross amount of R$500,000,000.00, corresponding to R$412,500,000.00 net of withholding income tax.

The gross IoC per share is R$0.156464828562, or R$0.129083483561 net, calculated on the shareholding position of August 31, 2026 and subject to adjustment due to the share buyback program using the position to be verified on September 25, 2026. Shareholders of record at the end of September 25, 2026 will receive the IoC, and shares will trade ex-IoC after that date.

The net IoC amount will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026, subject to approval at the 2027 Ordinary General Meeting, and payment is expected to be made by April 30, 2027, on a date to be set by the company’s management.

Key Figures

Gross Interest on Capital: R$500,000,000.00 Net Interest on Capital: R$412,500,000.00 Gross IoC per share: R$0.156464828562 per share +5 more

8 metrics

Gross Interest on Capital R$500,000,000.00 Based on Telefônica Brasil’s balance sheet as of August 31, 2026

Net Interest on Capital R$412,500,000.00 Gross IoC after applying a standard 17.5% withholding tax rate

Gross IoC per share R$0.156464828562 per share Calculated on the shareholding position of August 31, 2026

Net IoC per share R$0.129083483561 per share After withholding income tax, subject to adjustment due to buyback

Standard withholding income tax rate 17.5% Rate used to calculate net IoC, subject to treaties and exemptions

Record date for IoC entitlement September 25, 2026 Shareholders on record at end of this date will receive IoC credit

IoC payment deadline April 30, 2027 Latest date by which payment of the IoC will be made

Fiscal year covered Year ending December 31, 2026 Net IoC allocated to the mandatory minimum dividend for this year

Key Terms

Interest on Capital, withholding income tax, Share Buyback Program, mandatory minimum dividend, +1 more

5 terms

Interest on Capital financial

"The proposal for the declaration of Interest on Capital ("IoC")"

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"

Share Buyback Program financial

"Given the Company's Share Buyback Program in effect, the value per share"

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.

mandatory minimum dividend financial

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

ex-IoC financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Interest on Capital did Telefônica Brasil (VIV) approve for recommendation?

The Fiscal Council supported a proposal to declare R$500,000,000.00 in gross Interest on Capital, equivalent to R$412,500,000.00 net of withholding income tax, based on Telefônica Brasil’s balance sheet as of August 31, 2026.

How much Interest on Capital per share will Telefônica Brasil (VIV) distribute?

The proposal sets a gross IoC of R$0.156464828562 per share and a net amount of R$0.129083483561 per share. These values are initially calculated on the August 31, 2026 shareholding position and may change due to the share buyback program.

What are the record and ex-IoC dates for Telefônica Brasil’s 2026 IoC?

Shareholders recorded in Telefônica Brasil’s register at the end of September 25, 2026 will receive the Interest on Capital credit. After this date, the shares will be considered “ex-IoC” for trading purposes.

When will Telefônica Brasil (VIV) pay the proposed 2026 Interest on Capital?

Payment of the proposed IoC is expected to occur by April 30, 2027. The exact payment date will be set by the company’s management, and the amount will be allocated to the mandatory minimum dividend for the 2026 fiscal year.

How does Telefônica Brasil’s share buyback program affect the IoC per share?

The company states that, because a share buyback program is in effect, the IoC value per share may change. The final per-share amount will consider the shareholding position to be verified on September 25, 2026 for purposes of the IoC credit.

How will Telefônica Brasil’s Interest on Capital impact the 2026 mandatory minimum dividend?

The net IoC amount of R$412,500,000.00 will be allocated to Telefônica Brasil’s mandatory minimum dividend for the fiscal year ending December 31, 2026, subject to approval at the Ordinary General Meeting to be held in 2027.

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

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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 September, 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 267th FISCAL COUNCIL'S MEETING

OF TELEFÔNICA BRASIL S.A., HELD ON SEPTEMBER 11, 2026

1. DATE, TIME AND VENUE: On September 11, 2026, at 3:00 p.m. (São Paulo local time), held remotely, as provided for in Article 16, paragraph 1, 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 members of the Company's Fiscal Council, who subscribe to these minutes, establishing quorum for the installation of the meeting, pursuant to Article 12, paragraph 2, of the Company's Rules. The Director of Corporate and Business Affairs, Ms. Nathalia Pereira Leite, was also present as Secretary of the Meeting.

3. AGENDA AND RESOLUTION: After reviewing and discussing the matter on 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 August 31, 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.

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 August 31, 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 September 25, 2026.

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 267th FISCAL COUNCIL'S MEETING

OF TELEFÔNICA BRASIL S.A., HELD ON SEPTEMBER 11, 2026

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 September 25, 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."

Unanimously, the members of the Fiscal Council presented a favorable opinion to 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, September 11, 2026.

Gabriela Soares Pedercini		Sergio Barcelos Dutra de Almeida
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.

			TELEFÔNICA BRASIL S.A.
Date:	September 14, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director