TIM S.A. Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,677	3,610	3,259	3,078	2,549	5,229
Short-Term Investments	-	-	-	-	2,191	4,568
Trading Asset Securities	1,852	2,274	2,434	1,958	-	-
Cash & Short-Term Investments	4,530	5,885	5,693	5,036	4,739	9,797
Cash Growth	-17.24%	3.36%	13.04%	6.27%	-51.62%	110.87%
Accounts Receivable	4,995	4,936	4,712	3,740	3,452	3,097
Other Receivables	1,147	1,208	1,057	1,519	1,220	1,695
Receivables	6,142	6,144	5,769	5,259	4,671	4,792
Inventory	427.51	357.2	293.53	331.78	236.12	202.55
Prepaid Expenses	649.64	329.36	280.85	238.47	278.85	275.15
Other Current Assets	645.42	749.47	626.23	538.86	438.83	331.54
Total Current Assets	12,394	13,464	12,663	11,404	10,364	15,398
Property, Plant & Equipment	24,376	23,271	22,920	22,522	22,661	18,418
Long-Term Investments	363.52	1,626	1,596	1,680	1,553	1,613
Goodwill	4,090	3,112	3,112	3,112	-	475.74
Other Intangible Assets	11,293	11,380	11,638	12,402	16,417	10,000
Long-Term Accounts Receivable	503.88	337.45	344.49	405.46	446.69	399.35
Long-Term Deferred Tax Assets	1,719	1,356	1,082	1,257	1,368	536.89
Other Long-Term Assets	2,451	2,392	2,972	2,476	3,599	2,978
Total Assets	57,190	56,939	56,327	55,260	56,408	49,819

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	4,842	5,139	4,987	4,612	4,237	3,267
Accrued Expenses	5,708	5,217	4,242	3,434	2,621	1,781
Current Portion of Long-Term Debt	1,109	925.63	348.35	1,267	1,265	538.45
Current Portion of Leases	1,674	1,703	1,630	1,809	2,257	1,270
Current Income Taxes Payable	149.05	162.1	46.61	64.41	78.35	186.29
Current Unearned Revenue	221.47	259.53	280.42	279.4	265.42	197.18
Other Current Liabilities	897.61	1,795	1,293	1,417	2,394	3,372
Total Current Liabilities	14,601	15,201	12,827	12,883	13,118	10,611
Long-Term Debt	1,540	1,853	2,687	2,504	3,705	3,307
Long-Term Leases	12,175	12,062	10,946	10,448	10,575	7,794
Long-Term Unearned Revenue	371.76	506.18	559.45	621.6	666.61	689.16
Pension & Post-Retirement Benefits	4.49	4.49	3.46	5.02	5.83	6.49
Long-Term Deferred Tax Liabilities	10.05	-	-	-	-	-
Other Long-Term Liabilities	3,473	3,335	2,899	2,783	2,941	2,304
Total Liabilities	32,175	32,962	29,923	29,244	31,011	24,712

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	13,478	13,478	13,478	13,478	13,478	13,478
Retained Earnings	11,214	10,193	12,559	12,160	11,515	11,237
Treasury Stock	-78.54	-78.54	-3.45	-2.98	-0.16	-4.86
Comprehensive Income & Other	402.3	385.28	370.74	381	404.76	397.52
Shareholders' Equity	25,015	23,977	26,405	26,016	25,397	25,107
Total Liabilities & Equity	57,190	56,939	56,327	55,260	56,408	49,819

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	16,497	16,544	15,611	16,028	17,802	12,909
Net Cash (Debt)	-11,933	-10,633	-9,903	-10,978	-13,049	-3,101
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.98	-4.40	-4.09	-4.54	-5.39	-1.28
Filing Date Shares Outstanding	2,389	2,389	2,420	2,421	2,420	2,420
Total Common Shares Outstanding	2,389	2,389	2,420	2,421	2,420	2,420
Working Capital	-2,207	-1,737	-164.32	-1,479	-2,754	4,787
Book Value Per Share	10.47	10.04	10.91	10.75	10.50	10.37
Tangible Book Value	9,632	9,485	11,654	10,501	8,981	14,632
Tangible Book Value Per Share	4.03	3.97	4.82	4.34	3.71	6.05
Land	37.69	37.99	38.08	38.59	-	40.79
Machinery	53,570	49,704	47,260	42,357	-	28,661
Construction In Progress	519.98	604.28	640.59	642.35	-	783.67