Telefônica Brasil (VIV) approves R$600M interest on capital for 2026 dividend

Rhea-AI Filing Summary

Telefônica Brasil S.A. approved the declaration of interest on capital based on the April 30, 2026 balance sheet, totaling a gross amount of R$600,000,000.00, or R$495,000,000.00 net of withholding income tax. The gross IoC per share is R$0.18775779427, of which R$0.15490018027 is net. Shareholders on record at the end of May 27, 2026 will be entitled to this amount, and the shares will trade ex-IoC after that date. The net IoC will be credited toward the mandatory minimum dividend for the fiscal year ending December 31, 2026, with payment to be made by April 30, 2027 on a date to be set by management.

Key Figures

Interest on capital total (gross): R$600,000,000.00 Interest on capital total (net): R$495,000,000.00 IoC per share (gross): R$0.18775779427 +3 more

6 metrics

Interest on capital total (gross) R$600,000,000.00 Based on balance sheet as of April 30, 2026

Interest on capital total (net) R$495,000,000.00 After withholding income tax at standard 17.5% rate

IoC per share (gross) R$0.18775779427 Calculated from share position on April 30, 2026

IoC per share (net) R$0.15490018027 Net of withholding income tax, subject to tax treaties

Record date May 27, 2026 Shareholders on record at end of this date receive IoC

Latest payment date April 30, 2027 Deadline for payment of interest on capital proceeds

Key Terms

interest on capital, withholding income tax, mandatory minimum dividend, share buyback program, +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.

withholding income tax financial

"corresponding to R$495,000,000.00 net of withholding income tax"

mandatory minimum dividend financial

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

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 May, 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 525th MEETING OF THE BOARD OF DIRECTORS OF

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

1. DATE, TIME AND VENUE:  On May 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 and discussing the matters on the Agenda, the present members of the Board of Directors unanimously decided as follows:

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 525th MEETING OF THE BOARD OF DIRECTORS OF

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

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 April 30, 2026, in the gross amount of R$600,000,000.00, corresponding to R$495,000,000.00^[1] net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.18775779427^[2], of which R$0.15490018027^{[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 May 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.

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, May 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; 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 525th Meeting of the Board of Directors of Telefônica Brasil S.A., held on May 15, 2026, drawn up in the Company’s book. This is a free English translation.

______________________________________

Breno Rodrigo Pacheco de Oliveira

Meeting Secretary

^[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 April 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 May 27, 2026.

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:	May 15, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director

FAQ

What did Telefônica Brasil (VIV) approve in this 6-K filing?

Telefônica Brasil approved the declaration of interest on capital totaling R$600,000,000.00, based on its April 30, 2026 balance sheet, to be counted toward the 2026 mandatory minimum dividend.

How much interest on capital per share did Telefônica Brasil (VIV) declare?

The company set a gross interest on capital of R$0.18775779427 per share, with a net amount of R$0.15490018027 per share after withholding income tax, subject to applicable tax treatments.

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

Shareholders recorded at the end of May 27, 2026 will be entitled to the interest on capital. After that date, Telefônica Brasil shares will trade ex-interest on capital (ex-IoC) on the market.

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

Telefônica Brasil plans to pay the proceeds by April 30, 2027. The exact payment date will be determined by the company’s management and will apply to shareholders of record on May 27, 2026.

How does this interest on capital affect Telefônica Brasil’s 2026 dividend?

The net amount of R$495,000,000.00 in interest on capital will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026, pending approval at the 2027 Ordinary General Meeting.

Can Telefônica Brasil (VIV) change the per-share interest on capital amount?

The per-share value was calculated from the April 30, 2026 share count, and the filing notes it may change due to the company’s share buyback program and the shareholding position on May 27, 2026.