Telefônica Brasil (NYSE: VIV) approves R$365M interest on capital for 2026

Rhea-AI Filing Summary

Telefônica Brasil S.A. approved the declaration of interest on capital based on the March 31, 2026 balance sheet, totaling R$365,000,000.00 gross, or R$301,125,000.00 net after the standard 17.5% withholding tax. The gross IoC per share is R$0.11421932485, with a net amount of R$0.09423094300 per share.

Shareholders holding shares at the end of April 27, 2026 will be entitled to the credit; from the next day, shares will trade ex-IoC. 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. The per-share amount may change depending on the shareholding position on April 27, 2026 due to the ongoing Share Buyback Program.

Key Figures

Interest on capital (gross): R$365,000,000.00 Interest on capital (net): R$301,125,000.00 Gross IoC per share: R$0.11421932485 per share +4 more

7 metrics

Interest on capital (gross) R$365,000,000.00 Based on balance sheet of March 31, 2026

Interest on capital (net) R$301,125,000.00 After 17.5% withholding income tax

Gross IoC per share R$0.11421932485 per share Calculated on shareholding position of March 31, 2026

Net IoC per share R$0.09423094300 per share After standard tax rate of 17.5%

Record date April 27, 2026 Shareholders on record receive IoC; shares ex-IoC afterward

Payment deadline April 30, 2027 Latest date for IoC payment for 2026 fiscal year

Withholding tax rate 17.5% Standard income tax used to derive net IoC amount

Key Terms

interest on capital, mandatory minimum dividend, Share Buyback Program, ex-IoC, +1 more

5 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.

mandatory minimum dividend financial

"The net amount of the IoC will be allocated to the mandatory minimum dividend for fiscal year ending December 31, 2026"

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”."

balance sheet financial

"approved, based on the balance sheet of March 31, 2026, in the gross amount of R$365,000,000.00"

A balance sheet is a financial statement that shows what a company owns and owes at a specific moment in time. It lists assets (things of value like cash and equipment) and liabilities (debts or obligations), with the difference called shareholders' equity. For investors, it provides a snapshot of the company's financial health, helping them assess its stability and ability to grow.

Form 6-K: How Foreign Companies Report to the SEC →

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 April, 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 522nd MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON APRIL 15, 2026

1. DATE, TIME AND VENUE:  On April 15, 2026, at 11:00 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 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 declaration of interest on capital by the Company (“IoC”) was approved, based on the balance sheet of March 31, 2026, in the gross amount of R$365,000,000.00, corresponding to R$301,125,000.00^[1] net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.11421932485^[2], of which R$0.09423094300¹ 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 April 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 March 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 April 27, 2026.

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 522nd MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A., HELD ON APRIL 15, 2026

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, April 15, 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; 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 522nd Meeting of the Board of Directors of Telefônica Brasil S.A., held on April 15, 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:	April 15, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director

FAQ

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

Telefônica Brasil approved R$365,000,000.00 in gross interest on capital based on its March 31, 2026 balance sheet. After the standard 17.5% withholding income tax, shareholders will receive a net total of R$301,125,000.00 allocated toward 2026 mandatory dividends.

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

The approved gross interest on capital equals R$0.11421932485 per share, with a net amount of R$0.09423094300 per share after tax. These figures are based on the shareholding position as of March 31, 2026 and may change with the buyback program.

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

Shareholders recorded in Telefônica Brasil’s register at the end of April 27, 2026 will be entitled to the approved interest on capital. From April 28, 2026 onward, the company’s shares will trade ex-IoC, meaning new buyers will not receive this specific distribution.

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

The company plans to pay the approved interest on capital by April 30, 2027. Management will later define the exact payment date. The net amount will count toward Telefônica Brasil’s mandatory minimum dividend for the fiscal year ending December 31, 2026.

How does Telefônica Brasil (VIV) treat this interest on capital for dividends?

The net interest on capital of R$301,125,000.00 will be allocated to Telefônica Brasil’s mandatory minimum dividend for the 2026 fiscal year. Final approval will occur at the Ordinary General Meeting expected in 2027, aligning IoC with regular shareholder distributions.

Can the Telefônica Brasil (VIV) per-share IoC amount change before the record date?

Yes. The per-share interest on capital value was calculated using the March 31, 2026 shareholding position. Because a Share Buyback Program is in effect, the final per-share amount on April 27, 2026 may differ depending on the updated number of shares outstanding.