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	30,930	29,323	27,355	25,526	23,077
Gross Profit	28,665	26,522	24,745	22,515	20,955
Selling, General & Admin	17,026	16,077	15,327	14,490	14,128
Other Operating Expenses	1,030	1,445	828.05	1,146	453.35
Operating Expenses	18,056	17,522	16,155	15,636	14,581
Operating Income	10,609	9,000	8,590	6,879	6,375
Interest Expense	-3,118	-2,719	-2,652	-2,196	-924.22
Interest & Investment Income	1,171	866.08	701.63	726.05	424.56
Earnings From Equity Investments	-18.23	-4.35	-10.71	-23.74	117.26
Currency Exchange Gain (Loss)	159.77	-9.25	420.94	846.23	658.06
Other Non Operating Income (Expenses)	-89.58	33.35	-29.67	-1,959	-1,894
EBT Excluding Unusual Items	8,715	7,167	7,020	4,273	4,756
Legal Settlements	-1,444	-403.23	-1,446	559.08	1,203
Pretax Income	7,271	6,764	5,574	4,832	5,960
Income Tax Expense	1,093	1,206	533.94	773.69	-269.83
Earnings From Continuing Operations	6,178	5,557	5,040	4,058	6,229
Minority Interest in Earnings	-9.64	-9.38	-10.59	27.11	10.01
Net Income	6,168	5,548	5,029	4,085	6,239
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)	3,224	3,286	3,317	3,342	3,366
Shares Outstanding (Diluted)	3,224	3,286	3,317	3,342	3,366
Shares Change (YoY)	-1.91%	-0.93%	-0.73%	-0.73%	145.52%
EPS (Basic)	1.91	1.69	1.52	1.22	1.85
EPS (Diluted)	1.91	1.69	1.52	1.22	1.85
EPS Growth	13.33%	11.35%	24.03%	-34.05%	-46.73%
Free Cash Flow	11,260	10,552	9,975	9,048	8,777
Free Cash Flow Per Share	3.49	3.21	3.01	2.71	2.61
Dividend 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	48.10%	47.49%	47.49%	46.87%	47.59%
Operating Margin	17.80%	16.12%	16.49%	14.32%	14.48%
Profit Margin	10.35%	9.93%	9.65%	8.50%	14.17%
Free Cash Flow Margin	18.89%	18.90%	19.14%	18.83%	19.93%
EBITDA	19,354	17,407	18,930	14,635	14,051
EBITDA Margin	32.48%	31.17%	36.33%	30.46%	31.91%
D&A For EBITDA	8,744	8,408	10,340	7,757	7,677
EBIT	10,609	9,000	8,590	6,879	6,375
EBIT Margin	17.80%	16.12%	16.49%	14.32%	14.48%
Effective Tax Rate	15.04%	17.84%	9.58%	16.01%	-

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