Telefônica Brasil approves R$500M interest on capital

Telefônica Brasil’s board approved R$500 million in interest on capital for 2026, credited to shareholders of record on September 25, 2026 and payable by April 30, 2027.

Rhea-AI Filing Summary

TELEFONICA BRASIL S.A. (VIV) approved the declaration of interest on capital based on the balance sheet as of August 31, 2026, with a gross amount of R$500,000,000.00, corresponding to R$412,500,000.00 net of withholding income tax at a standard rate of 17.5%.

The IoC corresponds to R$0.156464828562 per share gross, or R$0.129083483561 per share net, initially calculated on the shareholding position of August 31, 2026 and subject to adjustment due to the ongoing Share Buyback Program. Shareholders of record at the end of September 25, 2026 will be entitled to 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 shareholders’ meeting, and payment will be made by April 30, 2027, with the exact payment date to be set by management.

Positive

• R$500,000,000.00 in interest on capital approved, providing a substantial cash distribution to shareholders.
• Net IoC of R$412,500,000.00 will be allocated to the mandatory minimum dividend for fiscal 2026, giving visibility on part of next year’s dividend.
• Shareholders of record on September 25, 2026 will receive IoC, with payment to be completed by April 30, 2027.

Negative

• None.

Key Figures

Interest on capital gross amount: R$500,000,000.00 Interest on capital net amount: R$412,500,000.00 IoC per share gross: R$0.156464828562 per share +4 more

7 metrics

Interest on capital gross amount R$500,000,000.00 Approved based on the balance sheet as of August 31, 2026

Interest on capital net amount R$412,500,000.00 Gross IoC net of withholding income tax at standard 17.5% rate

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

IoC per share net R$0.129083483561 per share Net of withholding income tax, subject to change due to Share Buyback Program

Withholding income tax rate 17.5% Standard rate used for IoC calculation, may vary by shareholder situation

Record date for IoC September 25, 2026 Shareholding position at end of this date determines IoC entitlement

IoC payment deadline April 30, 2027 Latest date by which IoC proceeds will be paid to shareholders

Key Terms

interest on capital, withholding income tax, mandatory minimum dividend, 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.

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.

FAQ

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

What distribution did TELEFONICA BRASIL S.A. (VIV) approve in this 6-K?

The board approved interest on capital of R$500,000,000.00 gross, equivalent to R$412,500,000.00 net of withholding income tax, based on the balance sheet dated August 31, 2026, to be credited to eligible shareholders.

How much will VIV shareholders receive per share in interest on capital?

The interest on capital corresponds to R$0.156464828562 per share gross and R$0.129083483561 per share net, initially calculated on the August 31, 2026 shareholding position and potentially adjusted due to the Company’s Share Buyback Program.

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

Shareholders recorded in the Company’s register at the end of September 25, 2026 will be entitled to the interest on capital. From the trading day after this date, the shares will be considered “ex-IoC”.

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

Payment of the approved interest on capital will be made by April 30, 2027. The exact payment date within this period will be set by the Company’s management, according to the board minutes.

How does the interest on capital affect VIV’s 2026 dividends?

The net interest on capital of R$412,500,000.00 will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026, subject to ratification by the ordinary shareholders’ meeting to be held in 2027.

What tax rate applies to Telefônica Brasil’s interest on capital distribution?

The calculation uses a standard withholding income tax rate of 17.5%, which may vary depending on international treaties, tax immunities and exemptions, countries with favorable taxation, and privileged tax regimes applicable to specific shareholders.

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

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Available on EDGAR 09/14/2026 - 05:30 PM Accepted by SEC EDGAR 09/14/2026 - 05:29 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 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 533rd MEETING OF THE BOARD OF DIRECTORS OF TELEFÔNICA BRASIL S.A., HELD ON SEPTEMBER 14, 2026

1. DATE, TIME AND VENUE: On September 14, 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 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.

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”.

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 533rd MEETING OF THE BOARD OF DIRECTORS OF TELEFÔNICA BRASIL S.A., HELD ON SEPTEMBER 14, 2026

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 of Shareholders of the Company 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, September 14, 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 533rd Meeting of the Board of Directors of Telefônica Brasil S.A., held on September 14, 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:	September 14, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director