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TIM (TIMS3) investor relations material
TIM Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved all 2025 targets with record net income, EBITDA margin, and strong operational performance across business lines, including robust postpaid, B2B, and digital services growth.
Service revenue grew 5.2% year-on-year, outpacing inflation, supported by disciplined cost management and productivity gains.
Maintained leadership in 5G coverage, serving over 1,000 cities, winning multiple national awards, and completing major network modernization.
B2B contracted value surpassed BRL 1 billion, with strong verticals in agribusiness, logistics, utilities, and mining.
Recognized for ESG leadership, including top CDP climate score and multiple awards for network quality and innovation.
Financial highlights
Net service revenue grew 5.2% year-on-year, with mobile service revenue up 5.4% and postpaid up 9.5%.
EBITDA increased 7.5% year-on-year, margin reached 51.0%, and normalized EBITDA margin hit 53.1% in 4Q25.
Net income rose 27.9% year-on-year to R$1,349 million, with EPS up 39.1%.
Operating cash flow expanded 16% year-on-year, margin up to 22.7%.
CapEx totaled R$4,541 million in 2025, with CapEx/Net Revenue at 17.1% and disciplined allocation.
Outlook and guidance
Strategic focus for 2026 on digital transformation, AI, B2B, broadband, and value-driven innovation.
Price adjustments in Q1 2026 expected to temporarily pressure churn and net additions.
Tax reform expected to be neutral for free cash flow in 2027; no impact in 2026.
CapEx guidance maintained, with flexibility to anticipate investments when efficiencies arise.
Targeting 6,500 site upgrades by 2027 and further B2B and IoT expansion.
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