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1Q25 Results: Telefônica Brasil S.A.
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
|
|
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| 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
|
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| 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)
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| Total Subscribers (Thousand)
| 116,127
| 113,481
| 2.3
|
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| 1 – Other Revenues include Voice, xDSL, FTTC and IPTV. 2 – AL means After Leases.
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Net revenue expanded by +6.2% YoY, driven by the strong performance of postpaid (+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 million homes 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
[email protected]
To download the complete version of the Company's earnings release, please visit our website: https://ri.telefonica.com.br/en
 View original content:https://www.prnewswire.com/news-releases/1q25-results-telefonica-brasil-sa-302453046.html
SOURCE Telefônica Brasil S.A.
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