Telefônica Brasil filings document a Brazilian foreign private issuer with NYSE American depositary shares and B3-listed common shares. Its Form 20-F annual reports and Form 6-K current reports disclose IFRS financial results, mobile postpaid and fiber operations, 5G and FTTH capital investment, corporate data, ICT and digital services, risk factors and audited financial statements.
The filing record also covers board, shareholder and Fiscal Council minutes; interest on capital and other shareholder remuneration; performance-unit incentive plans; board composition; and other governance matters under Brazilian corporate and securities regulation. These disclosures connect VIV’s ADR program to the company’s local reporting, capital structure and recurring shareholder approvals.
Telefônica Brasil reported solid growth in 4Q25, with net revenue of R$15.6 billion, up 7.1% year over year, driven mainly by postpaid mobile, fiber (FTTH) and corporate digital services.
EBITDA reached R$6.7 billion, rising 8.1% with a 42.9% margin, while free cash flow jumped 111.9% to R$2.3 billion on higher profitability, lower capex and better working capital. Net income for the quarter was R$1.88 billion, up 6.5%.
For 2025, net income totaled R$6.17 billion, and the company distributed R$6.38 billion to shareholders, a payout of 103.4%. It has already approved R$6.99 billion of 2026 remuneration and a new share buyback program of up to R$1.0 billion.
Telefônica Brasil is scheduling cash distributions to shareholders from previously declared interest on capital and a proposed capital reduction. The company will pay interest on capital declared across the 2nd, 3rd and 4th quarters of 2025 totaling R$2,990,000,000, with per share amounts adding up to a gross R$0.92998912968 and net R$0.79049076023, all payable on April 14, 2026. These interest payments will be credited to shareholders of record on the specific 2025 reference dates listed for each declaration and will be imputed to the mandatory minimum dividend for the 2025 fiscal year, subject to approval at the ordinary shareholders’ meeting.
The company also plans a capital stock reduction of R$4,000,000,000, equivalent to R$1.25171862845 per share, to be voted on at an extraordinary shareholders’ meeting on March 12, 2026. If approved, the reduction becomes effective after a 60-day legal period and is expected to be paid on July 14, 2026 in a single installment to shareholders based on the shareholding position at the end of May 22, 2026, adjusted for the ongoing share buyback program.
Telefônica Brasil S.A. reported that its Board of Directors approved a new share repurchase program. The company may use up to R$1.0 billion from profit reserves and current-year profit to buy back its own common shares.
The program allows the acquisition of up to 42,861,656 common shares for holding in treasury, later cancellation, or resale, without reducing capital stock. It will run from February 23, 2026, to February 22, 2027, with purchases made on B3 at market prices through several appointed brokerage firms.
Telefônica Brasil S.A. ended its existing 2025–2026 share repurchase plan and approved a new buyback program for 2026–2027. The new program authorizes the company to repurchase up to 42,861,656 common shares, with a maximum of R$1.0 billion to be deployed.
The repurchased shares may be held in treasury, cancelled, or sold, without reducing capital stock, aiming to increase shareholder value and optimize capital allocation. The program will run from February 23, 2026 to February 22, 2027, with purchases executed on B3 at market prices. As of December 31, 2025, the company had 738,019,262 common shares outstanding and 30,940,270 shares held in treasury.
Telefônica Brasil S.A. reported that its Board of Directors has unanimously approved the company’s financial statements and Annual Management Report for the fiscal year ended December 31, 2025, together with the independent auditors’ report and the management proposal for allocation of net income.
The Board noted the favorable opinions of both the Fiscal Council and the Audit and Control Committee, and issued its own favorable opinion recommending these documents be submitted to the Ordinary Shareholders’ Meeting. The Board also approved the call notice for the Ordinary Shareholders’ Meeting to be held on April 16, 2026.
Telefônica Brasil S.A. filed a report describing its Fiscal Council’s review of the company’s financial reporting for the year ended December 31, 2025. The Fiscal Council evaluated the financial statements, the independent auditors’ report and the Annual Management Report.
Representatives from management and PricewaterhouseCoopers explained key fourth-quarter events, impairment tests, liquidity and indebtedness indicators, and the audit procedures performed. After discussion, the Fiscal Council unanimously issued a favorable opinion on the 2025 financial statements and on management’s proposal for allocating the year’s results, recommending both for approval at the Ordinary Shareholders’ Meeting.
Telefônica Brasil S.A. reports that its Audit and Control Committee met on February 11, 2026 to review the company’s 2025 annual accounts. Management presented the financial statements for the year ended December 31, 2025, including impairment tests, liquidity and indebtedness indicators, and comparative income statements.
Independent auditor PricewaterhouseCoopers stated that the individual and consolidated financial statements fairly present the company’s financial position, performance, and cash flows for 2025, and will issue their report on February 12, 2026. The committee unanimously issued a favorable opinion on both the 2025 financial statements and the Annual Management Report.
The committee also reviewed the management proposal for allocation of 2025 net income and issued a favorable opinion, recommending that the Board of Directors approve both the financial statements and the results allocation proposal and submit them to the Ordinary Shareholders’ Meeting.
Telefônica Brasil S.A. reported that its board approved the declaration of interest on capital based on the January 31, 2026 balance sheet, totaling R$325,000,000.00 gross, or R$268,125,000.00 net of withholding income tax. The indicated gross amount per share is R$0.101702138561, with R$0.083904264311 net per share, subject to adjustment due to the company’s ongoing share buyback program.
The interest on capital will be credited to shareholders of record at the end of February 23, 2026, after which the shares will trade ex-interest. The net amount will be attributed to the mandatory dividend for the fiscal year ending December 31, 2026, subject to approval at the ordinary shareholders’ meeting to be held in 2027, and payment is scheduled to occur by April 30, 2027. The filing also notes the resignation of board member Francisco Javier de Paz Mancho from the board and from the Nominations, Compensation and Corporate Governance Committee, effective February 13, 2026.
Telefônica Brasil S.A. approved a proposal by its Fiscal Council to declare interest on capital for the 2026 fiscal year totaling R$325,000,000.00 gross, or R$268,125,000.00 net of withholding income tax. The initial estimated IoC is R$0.101702138561 per share gross and R$0.083904264311 net, calculated on the shareholding position of January 31, 2026.
Shareholders on record at the end of February 23, 2026 will be entitled to this interest on capital, after which the shares trade ex-IoC. The net IoC will be included in the minimum mandatory dividend for the year ending December 31, 2026, subject to approval at the Ordinary General Meeting to be held in 2027, and payment is scheduled to be made by April 30, 2027.
Telefônica Brasil S.A. reports that the period for shareholders to exercise withdrawal rights related to recent extraordinary resolutions ended on February 11, 2026 with no withdrawals by holders of common shares.
Those resolutions approved the ratification of the Company’s acquisition of 24.99% of the shares and 1 subscription bonus in Fibrasil Infraestrutura e Fibra Ótica S.A. previously held by Caisse de dépôt et placement du Québec, and 25.01% of the shares and 1 subscription bonus previously held by Fibre Brasil Participações S.A. The meeting also approved an amendment to Article 2 of the Bylaws to broaden the corporate purpose and align it with the Company’s strategy and new business opportunities.