TIM S.A. (TIMB)

TIM S.A. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	26,625	25,448	23,834	21,531	18,058
Revenue Growth (YoY)	4.62%	6.77%	10.70%	19.23%	4.58%
Cost of Revenue	12,267	11,893	11,496	10,656	8,443
Gross Profit	14,358	13,555	12,337	10,875	9,615
Selling, General & Admin	7,694	7,707	7,502	7,405	6,345
Other Operating Expenses	3.94	14.33	37.76	29.43	21.99
Operating Expenses	7,698	7,721	7,540	7,434	6,367
Operating Income	6,660	5,834	4,798	3,440	3,248
Interest Expense	-2,615	-2,340	-2,109	-2,237	-1,259
Interest & Investment Income	1,173	730.57	1,021	901.88	596.75
Earnings From Equity Investments	-107.8	-82.53	-89.3	-61.59	-11.57
Currency Exchange Gain (Loss)	-63.66	71.36	-7.06	5.01	0.66
Other Non Operating Income (Expenses)	-14.1	-149.78	-119.19	37.8	120.54
EBT Excluding Unusual Items	5,032	4,063	3,494	2,086	2,695
Gain (Loss) on Sale of Investments	-	-	-	-	1,613
Gain (Loss) on Sale of Assets	-4.8	-3.2	1.65	0.3	-844.21
Legal Settlements	-467.68	-437.23	-615.36	-365.88	-360.94
Other Unusual Items	-	-	303.44	-	-
Pretax Income	4,560	3,622	3,184	1,721	3,103
Income Tax Expense	248.03	468.58	346.61	50.15	146.05
Net Income	4,312	3,154	2,837	1,671	2,957
Net Income to Common	4,312	3,154	2,837	1,671	2,957
Net Income Growth	36.72%	11.15%	69.83%	-43.50%	60.39%
Shares Outstanding (Basic)	2,414	2,420	2,421	2,420	2,420
Shares Outstanding (Diluted)	2,414	2,420	2,421	2,420	2,421
Shares Change (YoY)	-0.24%	-0.02%	0.02%	-0.02%	-0.02%
EPS (Basic)	1.79	1.30	1.17	0.69	1.22
EPS (Diluted)	1.79	1.30	1.17	0.69	1.22
EPS Growth	37.43%	11.11%	69.56%	-43.44%	60.53%
Free Cash Flow	8,899	7,781	7,916	4,432	4,794
Free Cash Flow Per Share	3.69	3.21	3.27	1.83	1.98
Dividend Per Share	1.582	0.599	0.661	0.578	0.369
Dividend Growth	164.06%	-9.35%	14.26%	56.88%	-
Gross Margin	53.93%	53.26%	51.76%	50.51%	53.24%
Operating Margin	25.01%	22.92%	20.13%	15.98%	17.99%
Profit Margin	16.20%	12.39%	11.91%	7.76%	16.38%
Free Cash Flow Margin	33.42%	30.58%	33.22%	20.58%	26.55%
EBITDA	11,068	10,157	8,699	7,332	6,533
EBITDA Margin	41.57%	39.91%	36.50%	34.05%	36.18%
D&A For EBITDA	4,407	4,324	3,901	3,891	3,286
EBIT	6,660	5,834	4,798	3,440	3,248
EBIT Margin	25.01%	22.92%	20.13%	15.98%	17.99%
Effective Tax Rate	5.44%	12.93%	10.89%	2.91%	4.71%
Advertising Expenses	688.99	700.64	599.25	565.27	459.81

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

SEC Filings: 10-K · 10-Q