Telefônica Brasil declares R$340M interest on capital; pay by Apr 30
Telefônica Brasil (VIV) announced a board-approved interest on capital (IoC) distribution based on the balance sheet as of October 31, 2025.
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Rhea-AI Filing Summary
Telefônica Brasil (VIV) announced a board-approved interest on capital (IoC) distribution based on the balance sheet as of October 31, 2025. The gross amount is R$340,000,000.00 and the net amount after withholding tax is R$289,000,000.00.
The declared IoC equals R$0.106085413391 per common share gross and R$0.090172601381 net. Shareholders of record at the end of November 24, 2025 will be credited; after this date, shares trade ex‑IoC. The per‑share value was calculated using the shareholding position on October 31, 2025 and may change due to the ongoing buyback and the position to be verified on November 24, 2025. The net IoC will be attributed to the mandatory dividend for fiscal year 2025, ad referendum of the 2026 Ordinary General Meeting, with payment to be made by April 30, 2026, on a date to be set by the Board.
Insights
Routine cash return via R$340M IoC; neutral impact.
Telefônica Brasil approved an interest on capital distribution of R$340,000,000.00 gross, or R$289,000,000.00 net after withholding. IoC is a Brazilian mechanism akin to dividends, treated as interest for tax purposes. Per-share figures are stated and tied to the share count as of Oct 31, 2025.
The allocation will count toward the 2025 mandatory dividend, subject to shareholder approval at the 2026 OGM. The record date is Nov 24, 2025, with payment by Apr 30, 2026. The company notes the per-share amount may change due to its buyback program and the verified shareholding position on the record date.
Cash-flow goes to shareholders upon payment; timing and final per-share amount depend on the record-date share count and board-set payment date after approval mechanics. Subsequent disclosures may specify the exact payment date.
FAQ
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What is the record date for Telefônica Brasil’s IoC (VIV)?
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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 November, 2025
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:
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Form 20-F |
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Form 40-F |
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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):
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Yes |
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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):
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Yes |
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No |
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TELEFÔNICA BRASIL S.A.
Publicly Held Company
CNPJ No. 02.558.157/0001-62
NIRE 35.3.0015881-4
MINUTES OF THE 507th MEETING OF THE BOARD OF DIRECTORS OF
TELEFÔNICA BRASIL S.A., HELD ON NOVEMBER 13, 2025
1. DATE, TIME AND VENUE: On November 13, 2025, at 04:00 p.m. (São Paulo local time), held remotely, as provided for in Article 19, First Paragraph of the Internal Regulations of the Board of Directors and Technical and Consultant Committees (“Regulations”) of Telefônica Brasil S.A. (“Company”).
2. CALL NOTICE AND ATTENDANCE: The call was waived, given the presence of all members of the Board of Directors, who subscribe these minutes, as provided for in Article 15, Paragraph 2 of the Company’s Regulations, establishing, therefore, quorum according to the Company’s Bylaws for instating the meeting. The 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 the matters on the Agenda, the members of the Board of Directors unanimously decided as follows:
4.1. Proposal for the Declaration of Interest on Capital: The proposal for a statement of interest on capital by the Company (“IoC”) was approved, based on the balance sheet as of October 31, 2025, in the gross amount of R$340,000,000.00, corresponding to R$289,000,000.00 net of income tax withheld at source. The value of the IoC statement declared is equivalent to the gross value of R$0.106085413391 per common share, and R$0.090172601381 net of income tax.
The IoC credit will be individually allocated to each shareholder, based on the shareholding position recorded by the Company at the end of November 24, 2025. After this date, the shares will be considered “ex-IoC.”
1 Value per share calculated based on the shareholding position of October 31, 2025. 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 November 24, 2025.
TELEFÔNICA BRASIL S.A.
Publicly Held Company
CNPJ No. 02.558.157/0001-62
NIRE 35.3.0015881-4
MINUTES OF THE 507th MEETING OF THE BOARD OF DIRECTORS OF
TELEFÔNICA BRASIL S.A., HELD ON NOVEMBER 13, 2025
The net value of the IoC will be attributed to the mandatory dividend for the fiscal year ending on December 31, 2025, ad referendum to the Ordinary General Meeting of the Company’s Shareholders to be held in 2026, and the payment will be made by April 30, 2026, with the date to be duly set by the Company’s Board of Directors.
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, November 13, 2025. (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; Francisco Javier de Paz Mancho; Gregorio Martínez Garrido; Ignácio Maria Moreno Martínez; Jordi Gual Solé; Marc Xirau Trias; 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 507th Meeting of the Board of Directors of Telefônica Brasil S.A., held on November 13, 2025, 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.
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TELEFÔNICA BRASIL S.A. | |||
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Date: |
November 13, 2025 |
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By: |
/s/ João Pedro Carneiro | |
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Name: |
João Pedro Carneiro |
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Title: |
Investor Relations Director |