Telefônica Brasil Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	58,566	55,845	52,100	48,041	44,033	43,126
Revenue Growth (YoY)	6.88%	7.19%	8.45%	9.10%	2.10%	-2.58%
Cost of Revenue	30,654	29,323	27,355	25,526	23,077	21,003
Gross Profit	27,912	26,522	24,745	22,515	20,955	22,124
Selling, General & Admin	16,911	16,077	15,327	14,490	14,128	14,317
Other Operating Expenses	1,144	1,445	1,105	1,146	453.35	987.82
Operating Expenses	18,055	17,522	16,431	15,636	14,581	15,304
Operating Income	9,857	9,000	8,314	6,879	6,375	6,819
Interest Expense	-3,090	-2,719	-2,652	-2,196	-924.22	-777.85
Interest & Investment Income	1,124	866.08	701.63	726.05	424.56	275.47
Earnings From Equity Investments	-9.26	-4.35	-10.71	-23.74	117.26	0.73
Currency Exchange Gain (Loss)	150.82	-9.25	420.94	846.23	658.06	17.72
Other Non Operating Income (Expenses)	-162.47	-47.94	-1,060	-1,959	-1,894	-601.43
EBT Excluding Unusual Items	7,870	7,086	5,713	4,273	4,756	5,734
Legal Settlements	-708.29	-321.94	-139.53	559.08	1,203	274.45
Pretax Income	7,162	6,764	5,574	4,832	5,960	6,008
Income Tax Expense	1,118	1,206	533.94	773.69	-269.83	1,238
Earnings From Continuing Operations	6,044	5,557	5,040	4,058	6,229	4,771
Minority Interest in Earnings	10.13	-9.38	-10.59	27.11	10.01	-
Net Income	6,054	5,548	5,029	4,085	6,239	4,771
Net Income to Common	6,054	5,548	5,029	4,085	6,239	4,771
Net Income Growth	12.41%	10.31%	23.12%	-34.53%	30.79%	-4.61%
Shares Outstanding (Basic)	3,238	3,286	3,317	3,342	3,366	1,371
Shares Outstanding (Diluted)	3,238	3,286	3,317	3,342	3,366	1,371
Shares Change (YoY)	-1.83%	-0.93%	-0.73%	-0.73%	145.52%	-59.40%
EPS (Basic)	1.87	1.69	1.52	1.22	1.85	3.48
EPS (Diluted)	1.87	1.69	1.52	1.22	1.85	3.48
EPS Growth	14.50%	11.35%	24.03%	-34.05%	-46.73%	134.98%
Free Cash Flow	10,418	10,552	9,975	9,048	8,777	11,052
Free Cash Flow Per Share	3.22	3.21	3.01	2.71	2.61	8.06
Dividend Per Share	0.532	0.805	0.830	0.829	1.743	1.457
Dividend Growth	-51.63%	-2.97%	0.16%	-52.45%	19.62%	-2.72%
Gross Margin	47.66%	47.49%	47.49%	46.87%	47.59%	51.30%
Operating Margin	16.83%	16.12%	15.96%	14.32%	14.48%	15.81%
Profit Margin	10.34%	9.93%	9.65%	8.50%	14.17%	11.06%
Free Cash Flow Margin	17.79%	18.90%	19.14%	18.83%	19.93%	25.63%
EBITDA	18,623	17,407	16,171	14,635	14,051	14,400
EBITDA Margin	31.80%	31.17%	31.04%	30.46%	31.91%	33.39%
D&A For EBITDA	8,766	8,408	7,857	7,757	7,677	7,581
EBIT	9,857	9,000	8,314	6,879	6,375	6,819
EBIT Margin	16.83%	16.12%	15.96%	14.32%	14.48%	15.81%
Effective Tax Rate	15.61%	17.84%	9.58%	16.01%	-	20.60%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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