TIM S.A. Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 12, 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
Market Capitalization	67,575	51,048	35,047	43,397	30,012	31,828
Market Cap Growth	76.15%	45.66%	-19.24%	44.60%	-5.70%	-10.26%
Enterprise Value	78,208	60,880	46,342	56,380	43,713	36,382
Last Close Price	28.29	21.34	12.76	14.78	9.62	9.73
PE Ratio	15.83	11.84	11.11	15.30	17.96	10.76
Forward PE	15.23	10.84	8.92	13.32	15.72	14.37
PS Ratio	2.54	1.92	1.38	1.82	1.39	1.76
PB Ratio	2.82	2.13	1.33	1.67	1.18	1.27
P/TBV Ratio	7.12	5.38	3.01	4.13	3.34	2.17
P/FCF Ratio	7.59	5.74	4.50	5.48	6.77	6.64
P/OCF Ratio	5.03	3.80	2.84	3.49	3.28	3.16
PEG Ratio	0.90	0.68	0.28	0.44	0.61	0.90
EV/Sales Ratio	2.94	2.29	1.82	2.37	2.03	2.02
EV/EBITDA Ratio	6.18	5.50	4.56	6.48	5.96	5.57
EV/EBIT Ratio	11.94	9.14	7.94	11.75	12.71	11.20
EV/FCF Ratio	8.79	6.84	5.96	7.12	9.86	7.59
Debt / Equity Ratio	0.69	0.69	0.59	0.62	0.70	0.51
Debt / EBITDA Ratio	1.30	1.30	1.31	1.47	1.95	1.66
Debt / FCF Ratio	1.86	1.86	2.01	2.03	4.02	2.69
Net Debt / Equity Ratio	0.44	0.44	0.38	0.42	0.51	0.12
Net Debt / EBITDA Ratio	0.96	0.96	0.98	1.26	1.78	0.48
Net Debt / FCF Ratio	1.20	1.20	1.27	1.39	2.94	0.65
Asset Turnover	0.47	0.47	0.46	0.43	0.41	0.40
Inventory Turnover	37.70	37.70	38.04	40.49	48.58	37.60
Quick Ratio	0.79	0.79	0.89	0.80	0.72	1.38
Current Ratio	0.89	0.89	0.99	0.89	0.79	1.45
Return on Equity (ROE)	17.12%	17.12%	12.03%	11.04%	6.62%	12.25%
Return on Assets (ROA)	7.35%	7.35%	6.54%	5.37%	4.05%	4.44%
Return on Invested Capital (ROIC)	18.08%	17.75%	13.85%	11.33%	10.02%	10.77%
Return on Capital Employed (ROCE)	16.00%	16.00%	13.40%	11.30%	7.90%	8.30%
Earnings Yield	6.38%	8.45%	9.00%	6.54%	5.57%	9.29%
FCF Yield	13.17%	17.43%	22.20%	18.24%	14.77%	15.06%
Dividend Yield	5.64%	7.41%	4.70%	4.47%	6.01%	3.79%
Payout Ratio	124.31%	124.31%	86.25%	76.65%	71.78%	35.27%
Buyback Yield / Dilution	0.24%	0.24%	0.02%	-0.02%	0.02%	0.02%
Total Shareholder Return	5.89%	7.66%	4.72%	4.45%	6.03%	3.81%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.