$TIMB

TIM S.A.

CIK:0001826168|SEC Filings

STATEMENTS OF INCOME - BRL (R$) R$ in Thousands	12 Months Ended
STATEMENTS OF INCOME - BRL (R$) R$ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	R$ 26,624,721	R$ 25,447,930	R$ 23,833,893
Costs of services provided and goods sold	(12,266,584)	(11,893,115)	(11,496,437)
Gross income	14,358,137	13,554,815	12,337,456
Operating income (expenses):
Selling expenses	(5,959,682)	(5,908,816)	(5,742,642)
General and administrative expenses	(1,734,484)	(1,798,005)	(1,759,433)
Share of loss of an associate	(107,800)	(82,526)	(89,304)
Other income (expenses), net	(212,139)	(258,781)	(28,779)
Total operating expenses	(8,014,105)	(8,048,128)	(7,620,158)
Profit before financial income and expenses	6,344,032	5,506,687	4,717,298
Financial income (expenses):
Financial income	1,629,877	861,759	1,239,753
Financial expenses	(3,350,234)	(2,817,346)	(2,765,961)
Foreign exchange variations, net	(63,664)	71,363	(7,057)
Total financial income(expenses)	(1,784,021)	(1,884,224)	(1,533,265)
Profit before income tax and social contribution	4,560,011	3,622,463	3,184,033
Income tax and social contribution	(248,027)	(468,582)	(346,611)
Net income	R$ 4,311,984	R$ 3,153,881	R$ 2,837,422
Earnings per share attributable to the Company’s shareholders (expressed in R$ per share)
Basic earnings per share	R$ 1.79	R$ 1.30	R$ 1.17
Diluted earnings per share	R$ 1.78	R$ 1.30	R$ 1.17

STATEMENT OF CASH FLOWS - BRL (R$) R$ in Thousands	12 Months Ended
STATEMENT OF CASH FLOWS - BRL (R$) R$ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Profit before income tax and social contribution	R$ 4,560,011	R$ 3,622,463	R$ 3,184,033
Adjustments to reconcile income to net cash generated by operating activities:
Depreciation and amortization	7,077,687	7,026,035	7,117,028
Share of loss of an associate	107,800	82,526	89,304
Residual value of written-off property, plant and equipment and intangible written off	14,818	13,887	93,304
Interest on asset retirement obligation	2,982	12,400	38,355
Provision for legal and administrative proceedings	267,041	276,811	323,015
Inflation adjustment on judicial deposits and legal and administrative proceedings	59,824	175,946	257,057
Interest, monetary and exchange rate variations on loans and other financing	774,861	749,515	668,360
Finance income from marketable securities	(361,735)	(181,717)	(83,204)
Interest on lease liabilities	1,617,383	1,432,764	1,062,251
Interest income on lease receivable	(28,955)	(28,428)	(28,041)
Gain from the acquisition of Cozani			(303,435)
Provision for expected credit losses	765,783	693,122	639,692
Income from operations with other derivatives	165,780
Long-term incentive plans	16,998	22,354	(24,291)
Total adjustments to reconcile income with net cash from operations	15,040,278	13,897,678	13,033,428
Reduction (increase) in working capital assets
Trade accounts receivable	(988,139)	(1,605,774)	(867,369)
Recoverable taxes, fees and contributions	10,725	344,110	85,982
Inventories	(63,675)	38,254	(95,666)
Prepaid expenses	(107,468)	(184,736)	(18,295)
Judicial deposits	31,073	32,242	749,336
Other assets	(49,159)	90,931	(70,677)
Increase (decrease) in working capital liabilities
Payroll and related charges	8,015	(33,092)	12,648,840
Suppliers	185,370	304,243	353,319
Taxes, fees and contributions payable	484,799	375,228	617,975
Authorizations payable	(59,018)	(163,612)	(246,836)
Payments for legal and administrative proceedings	(362,163)	(318,796)	(343,444)
Deferred revenues	(74,156)	(61,135)	(31,028)
Other liabilities	(303,967)	(294,106)	(560,692)
Cash generated by operations	13,752,515	12,421,435	12,648,840
Income tax and social contribution paid	(312,446)	(89,892)	(228,184)
Net cash from operating activities	13,440,069	12,331,543	12,420,656
Investment activities
Proceeds from the sale of marketable securities	8,002,980	7,196,354	3,313,983
Purchases of marketable securities	(7,492,217)	(7,492,880)	(2,998,654)
Capital contribution to 5G Fund	(84,984)	(131,348)	(53,763)
Consideration for the acquisition of Cozani, net of cash acquired			(443,096)
Additions to property, plant and equipment and intangible assets	(4,541,495)	(4,550,379)	(4,504,314)
Cash received from C6 Bank	520,000
Other	35,095	24,381	2,306
Net cash used in investment activities	(3,560,621)	(4,953,872)	(4,683,538)
Financing activities
Proceeds from loans and financing		503,351
Amortization of loans and financing	(387,312)	(1,413,497)	(1,197,950)
Interest paid on loans and financing	(106,401)	(143,518)	(205,507)
Payment of lease liability	(1,563,393)	(1,838,667)	(1,812,508)
Interest paid on lease liabilities	(1,646,393)	(1,460,208)	(1,420,557)
Cash received from reverse stock split and stock split operations	455,691
Payments for reverse stock split and stock split operations	(79,233)
Lease incentives received	77,918	89,431
Derivative financial instruments	(170,393)	(168,652)	(393,628)
Purchase of treasury shares, net of disposals	(748,268)	(45,004)	(2,821)
Dividends and interest on capital paid	(5,360,083)	(2,720,095)	(2,174,929)
Net cash used in financing activities	(9,527,867)	(7,196,859)	(7,207,900)
Increase in cash and cash equivalents	351,581	180,812	529,218
Cash and cash equivalents at the beginning of the year	3,258,743	3,077,931	2,548,713
Cash and cash equivalents at the end of the year	R$ 3,610,324	R$ 3,258,743	R$ 3,077,931

BALANCE SHEETS - BRL (R$) R$ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Statement of financial position [abstract]
Assets	R$ 56,939,179	R$ 56,327,311
Current assets	13,464,205	12,662,929
Cash and cash equivalents	3,610,324	3,258,743
Marketable securities	2,274,316	2,434,441
Trade accounts receivable	4,901,777	4,677,935
Inventories	357,204	293,529
Recoverable income tax and social contribution	68,769	111,376
Recoverable taxes, fees and contributions	1,138,888	946,103
Prepaid expenses	329,362	280,851
Derivative financial instruments	452,203	379,888
Leases	34,098	33,717
Other assets	297,264	246,346
Non-current assets	43,474,974	43,664,382
Marketable securities	26,339	15,241
Trade accounts receivable	137,306	137,815
Recoverable income tax and social contribution	258,415	214,880
Recoverable taxes, fees and contributions	911,704	907,353
Deferred income tax and social contribution	1,355,604	1,081,633
Judicial deposits	677,150	677,530
Prepaid expenses	340,247	281,290
Derivative financial instruments		522,822
Leases	200,148	206,670
Other financial assets	514,109	550,669
Other assets	29,492	29,905
Investment	1,260,486	1,368,286
Property, plant and equipment	23,171,451	22,815,328
Intangible assets	14,592,523	14,854,960
Total liabilities and shareholders' equity	56,939,179	56,327,311
Total liabilities	32,961,788	29,922,675
Current liabilities	15,201,168	12,827,248
Suppliers	5,138,780	4,986,912
Loans and financing	925,626	348,353
Lease liabilities	1,702,899	1,629,698
Derivative financial instruments	168,711	224,275
Payroll and related charges	361,271	353,256
Income tax and social contribution payable	162,102	46,610
Taxes, fees and contributions payable	4,855,551	3,888,568
Dividends and interest on shareholders' equity payable	1,219,319	671,525
Authorizations payable	321,761	299,354
Deferred revenues	259,527	280,422
Other liabilities and provision	85,621	98,275
Non-current liabilities	17,760,620	17,095,427
Loans and financing	1,853,097	2,687,148
Lease liabilities	12,061,969	10,946,148
Income tax and social contribution payable	19,395
Taxes, fees and contributions payable	33,208	38,286
Provision for legal and administrative proceedings	1,559,687	1,564,293
Pension plan and other post-employment benefits	4,485	3,461
Authorizations payable	1,159,672	1,180,428
Deferred revenues	506,184	559,445
Obligations to shareholders	534,292	23,997
Other liabilities and provision	28,631	92,221
Shareholders' equity	23,977,391	26,404,636
Share capital	13,477,891	13,477,891
Capital reserves	388,236	373,020
Profit reserves	10,192,763	12,559,460
Other comprehensive income	(2,960)	(2,284)
Treasury shares	R$ (78,539)	R$ (3,451)