SÃO PAULO, May 12, 2025 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV) announces its results for 1Q25.
Strong operating performance led to robust EBITDA and net income growth.
R$ million
|
1Q25
|
1Q24
|
% YoY
|
|
|
|
|
Net Operating Revenue
|
14,390
|
13,546
|
6.2
|
Mobile Services
|
9,272
|
8,702
|
6.5
|
FTTH
|
1,899
|
1,717
|
10.6
|
Corporate Data, ICT and Digital Services
|
1,312
|
1,132
|
15.8
|
Handsets and Electronics
|
909
|
881
|
3.2
|
Other Revenues¹
|
999
|
1,114
|
(10.3)
|
Total Costs
|
(8,687)
|
(8,269)
|
5.1
|
EBITDA
|
5,704
|
5,277
|
8.1
|
EBITDA Margin
|
39.6 %
|
39.0 %
|
0.7 p.p.
|
EBITDA AL²
|
4,376
|
4,047
|
8.1
|
EBITDA AL² Margin
|
30.4 %
|
29.9 %
|
0.5 p.p.
|
Net Income
|
1,058
|
896
|
18.1
|
Earnings per Share (EPS)
|
0.65
|
0.54
|
20.3
|
|
|
|
|
CAPEX ex-IFRS 16
|
1,869
|
1,874
|
(0.3)
|
Operating Cash Flow (OpCF)
|
3,835
|
3,403
|
12.7
|
OpCF Margin
|
26.7 %
|
25.1 %
|
1.5 p.p.
|
Operating Cash Flow AL (OpCF AL)²
|
2,508
|
2,173
|
15.4
|
OpCF AL² Margin
|
17.4 %
|
16.0 %
|
1.4 p.p.
|
Free Cash Flow
|
2,124
|
2,380
|
(10.7)
|
|
|
|
|
Total Subscribers (Thousand)
|
116,127
|
113,481
|
2.3
|
|
|
|
|
1 – Other Revenues include Voice, xDSL, FTTC and IPTV.2 – AL means After Leases.
|
|
|
Net revenue expanded by +6.2% YoY, driven by the strong performance ofpostpaid (+10.3% YoY) and fiber (+10.6% YoY) revenues. Postpaid's performance is supported by the increase in the customer base (+7.7% YoY), that ended the quarter with 67.4 million accesses due to significant migrations and the acquisition of new customers. Additionally, the impact of annual price adjustments contributed to the +2.0% YoY increase in postpaid ARPU, excluding M2M and dongles, reaching R$52.2.
Fixed revenue increased +6.2% YoY, supported by strong growth in FTTH (+10.6% YoY) and Corporate Data, ICT, and Digital Services revenues (+15.8% YoY) in 1Q25. Our FTTH network reached 29.6 millionhomes passed (+10.5% YoY), with 7.2 million homes connected (+12.9% YoY).
EBITDA grew by +8.1% YoY, with a margin of 39.6%, an increase of +0.7 p.p. in the annual comparison. EBITDA AL also expanded by +8.1% YoY, with a margin of 30.4% (+0.5 p.p. YoY).
In 1Q25, Capex totaled R$1,869 million, a decrease of -0.3% YoY, representing 13.0% of revenues (-0.9 p.p. YoY), reflecting the reduction in Capex intensity over net revenue. Investments were directed towards strengthening our 5G network, which is already present in 519 cities (+2.9x YoY), covering 62% of the Brazilian population, and expanding our fiber operation.
Operating Cash Flow totaled R$3,835 million (+12.7% YoY), with a margin of 26.7% (+1.5 p.p. YoY) over net revenue.
Net income attributed to Telefônica Brasil reached R$1,058 million in the quarter, an increase of +18.1% YoY. The remuneration paid to shareholders totaled R$2,576 million by the end of April 2025. Additionally, on July 15, 2025, we will pay R$2,000 million related to the second capital reduction event. The Company has just deliberated an additional R$500 million in interest on equity, totaling R$1,120 million up to May 2025. We committed to distribute to our shareholders an amount equal to or greater than 100% of net income for each fiscal year from 2024 to 2026. In 2024, we met the guidance, with a payout of 105.3% of net income.
TELEFÔNICA BRASIL – Investor Relations
ir.br@telefonica.com
To download the complete version of the Company's earnings release, please visit our website: https://ri.telefonica.com.br/en
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SOURCE Telefônica Brasil S.A.
