Telefonica Brasil
VIV · NYSETelephone Communications (No Radiotelephone) · Reports in BRL
Net income was BRL 6.2B. Operating cash flow of BRL 20.7B less capital expenditure of BRL 9.5B left free cash flow of BRL 11.3B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cost of revenue | BRL 24.8B | BRL 27.4B | BRL 29.4B | BRL 31.4B | BRL 32.9B |
| Gross profit | BRL 19.3B | BRL 20.6B | BRL 22.7B | BRL 24.5B | BRL 26.7B |
| Operating income | BRL 7.1B | BRL 6.6B | BRL 7.9B | BRL 8.7B | BRL 9.9B |
| Interest expense | BRL 924M | BRL 4B | BRL 4.4B | BRL 3.5B | BRL 4.4B |
| Pre-tax income | BRL 6B | BRL 4.8B | BRL 5.6B | BRL 6.8B | BRL 7.3B |
| Income tax | −BRL 270M | BRL 774M | BRL 534M | BRL 1.2B | BRL 1.1B |
| Net income | BRL 6.2B | BRL 4.1B | BRL 5B | BRL 5.6B | BRL 6.2B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | BRL 6.4B | BRL 2.3B | BRL 4.4B | BRL 6.7B | BRL 7B |
| Receivables | BRL 8.1B | BRL 8.7B | BRL 9.3B | BRL 9.5B | BRL 10.6B |
| Inventory | BRL 640M | BRL 790M | BRL 823M | BRL 1.1B | BRL 1.5B |
| Current assets | BRL 21.1B | BRL 17.3B | BRL 19.2B | BRL 22.8B | BRL 25.2B |
| Net PP&E | BRL 44.4B | BRL 45.9B | BRL 46.3B | BRL 46.8B | BRL 47.4B |
| Total assets | BRL 116B | BRL 119B | BRL 121B | BRL 125B | BRL 128B |
| Payables | BRL 7.1B | BRL 7.4B | BRL 8.2B | BRL 9.2B | BRL 9.9B |
| Current liabilities | BRL 22.5B | BRL 22.2B | BRL 20.1B | BRL 24.3B | BRL 25.2B |
| Total liabilities | BRL 45.7B | BRL 50.7B | BRL 51.1B | BRL 55.1B | BRL 59.1B |
| Shareholders' equity | BRL 69.9B | BRL 68.4B | BRL 69.6B | BRL 69.7B | BRL 68.7B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | BRL 18.1B | BRL 18.9B | BRL 18.8B | BRL 19.9B | BRL 20.7B |
| Capital expenditure | BRL 9.3B | BRL 9.9B | BRL 8.8B | BRL 9.3B | BRL 9.5B |
| Free cash flow | BRL 8.8B | BRL 9B | BRL 10B | BRL 10.6B | BRL 11.3B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating income growth (YoY) | – | −6.9% | 20.0% | 9.5% | 13.7% |
| Return on equityBlank when equity is negative | 8.9% | 5.9% | 7.2% | 8.0% | 9.0% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.6% | 6.8% | 7.9% | 8.6% | 9.6% |
| Cash conversion (CFO ÷ net income) | 2.90x | 4.67x | 3.73x | 3.58x | 3.35x |
| Inventory days | 9 | 11 | 10 | 13 | 16 |
| Payable days | 105 | 99 | 101 | 107 | 109 |
| Interest cover | 7.67x | 1.66x | 1.81x | 2.51x | 2.23x |
| Current ratio | 0.94x | 0.78x | 0.96x | 0.94x | 1.00x |
More in Telephone Communications (No Radiotelephone)
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.