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

Rhea-AI Filing Summary

Telefônica Brasil S.A. proposed declaring Interest on Capital based on its June 30, 2026 balance sheet in a gross amount of R$500,000,000.00, equal to R$412,500,000.00 net of withholding income tax, with the Fiscal Council issuing a unanimous favorable opinion.

The proposal corresponds to IoC of R$0.156464828562 per share gross and R$0.129083483561 per share net, credited to shareholders of record at the end of July 27, 2026; shares will trade “ex-IoC” after that date. Per-share amounts may change due to the Share Buyback Program and the shareholding position on July 27, 2026. The net IoC will be allocated to the mandatory minimum dividend for the 2026 fiscal year, with payment to be made by April 30, 2027 on a date set by management.

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 +5 more

8 metrics

Interest on Capital gross amount R$500,000,000.00 Proposed IoC based on balance sheet of June 30, 2026

Interest on Capital net amount R$412,500,000.00 Net of withholding income tax at standard rate

IoC per share gross R$0.156464828562 Gross IoC per share, subject to change with buyback

IoC per share net R$0.129083483561 Net IoC per share based on June 30, 2026 shareholding

Withholding tax rate 17.5% Standard rate used to calculate net IoC, may vary by shareholder

Record date for IoC July 27, 2026 Shareholders on record at end of this date receive IoC credit

Latest IoC payment date April 30, 2027 Deadline by which IoC proceeds will be paid

Balance sheet date June 30, 2026 Reference balance sheet for calculating IoC amount

Key Terms

Interest on Capital, withholding income tax, mandatory minimum dividend, ad referendum, +1 more

5 terms

Interest on Capital financial

"Proposal for the declaration of Interest on Capital to be submitted"

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"

ad referendum regulatory

"allocated to the mandatory minimum dividend ... ad referendum to the Ordinary General Meeting"

Share Buyback Program financial

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

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

Telefônica Brasil proposed Interest on Capital of R$500,000,000.00 gross, corresponding to R$412,500,000.00 net of withholding income tax. The amount is based on the balance sheet dated June 30, 2026 and received a unanimous favorable opinion from the company’s Fiscal Council.

What is the per-share interest on capital planned by Telefônica Brasil (VIV)?

The proposed IoC equals R$0.156464828562 per share gross and R$0.129083483561 per share net, initially calculated from the June 30, 2026 shareholding position. These per-share amounts may change depending on the Share Buyback Program and the shareholding position verified on July 27, 2026.

What are the record and ex-IoC dates for Telefônica Brasil (VIV)'s interest on capital?

Shareholders of record at the end of July 27, 2026 will be entitled to the IoC. After July 27, 2026, Telefônica Brasil’s shares will be considered “ex-IoC,” meaning buyers from that point will not receive this specific Interest on Capital credit.

How will Telefônica Brasil (VIV) treat the IoC in its 2026 dividend obligations?

The net Interest on Capital will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026. This allocation is made ad referendum of the Ordinary General Meeting expected to be held in 2027, which will formally consider the 2026 results and distributions.

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

Payment of the proposed IoC is scheduled to occur by April 30, 2027. The company’s management will determine the exact payment date within this period, and shareholders entitled as of July 27, 2026 will receive the proceeds on that date once defined.

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

The IoC calculation assumes a standard withholding income tax rate of 17.5%. The company notes this rate may vary depending on factors such as international tax treaties, tax immunities or exemptions, countries with favorable taxation, and privileged tax regimes applicable to specific shareholders.

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 264th FISCAL COUNCIL’S MEETING OF

TELEFÔNICA BRASIL S.A., HELD ON JULY 14, 2026

1. DATE, TIME AND VENUE:  On July 14, 2026, at 11:00 a.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 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.”

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.

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 264th FISCAL COUNCIL’S MEETING OF

TELEFÔNICA BRASIL S.A., HELD ON JULY 14, 2026

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, July 14, 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:	July 16, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director