Telefônica Brasil Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	59,595	55,845	52,100	48,041	44,033
Revenue Growth (YoY)	6.71%	7.19%	8.45%	9.10%	2.10%
Cost of Revenue	32,925	31,352	29,415	27,432	24,781
Gross Profit	26,670	24,493	22,685	20,609	19,251
Selling, General & Admin	17,120	16,159	15,397	14,577	14,210
Other Operating Expenses	-327.59	-343.79	-640.32	-588.9	-1,928
Operating Income	9,878	8,678	7,929	6,598	7,086
Interest Income	-18.23	-4.35	-10.71	-23.74	117.26
Interest Expense	-	-	-	-1,766	-1,127
Total Non-Operating Income (Expense)	-18.23	-4.35	-10.71	-1,790	-1,009
Pretax Income	9,859	8,674	7,918	4,832	5,960
Provision for Income Taxes	-	-	-	773.69	-269.83
Net Income	6,168	5,548	5,029	4,085	6,239
Minority Interest in Earnings	9.64	9.38	10.59	-27.11	-10.01
Net Income to Common	6,168	5,548	5,029	4,085	6,239
Net Income Growth	11.18%	10.31%	23.12%	-34.53%	30.79%
Shares Outstanding (Basic)	1,612	1,643	1,659	3,342	3,366
Shares Outstanding (Diluted)	1,612	1,643	1,659	3,342	3,366
Shares Change (YoY)	-1.91%	-0.93%	-50.37%	-0.73%	145.52%
EPS (Basic)	3.82	3.38	3.04	1.22	1.85
EPS (Diluted)	3.82	3.38	3.04	1.22	1.85
EPS Growth	13.02%	11.18%	149.18%	-34.23%	27.93%
Free Cash Flow	11,260	10,552	9,975	9,048	8,777
Free Cash Flow Growth	6.70%	5.79%	10.24%	3.08%	-20.59%
Free Cash Flow Per Share	6.99	6.42	6.01	2.71	2.61
Dividends Per Share	0.890	0.806	0.830	0.829	1.743
Dividend Growth	10.50%	-2.97%	0.16%	-52.45%	19.62%
Gross Margin	44.75%	43.86%	43.54%	42.90%	43.72%
Operating Margin	16.57%	15.54%	15.22%	13.73%	16.09%
Profit Margin	10.37%	9.95%	9.67%	8.45%	14.15%
FCF Margin	18.89%	18.90%	19.15%	18.83%	19.93%
EBITDA	24,822	22,880	21,318	19,258	19,124
EBITDA Margin	41.65%	40.97%	40.92%	40.09%	43.43%
EBIT	9,878	8,678	7,929	6,598	7,086
EBIT Margin	16.57%	15.54%	15.22%	13.73%	16.09%
Effective Tax Rate	0.00%	0.00%	0.00%	16.01%	-4.53%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.