Q2 2026 Tim SA Earnings Call Transcript
Key Points
- TIM SA (TIMB) reported a 6% increase in service revenue for the first half of 2026, demonstrating solid revenue growth.
- EBITDA grew by approximately 7% in the first half, with EBITDA after lease increasing close to 8%, supported by operational efficiency and cost discipline.
- Operating cash flow surpassed BRL3 billion in the first half, growing at a double-digit pace, reinforcing strong cash generation.
- The company launched new offerings such as TIM Ultra Combo and TIM Pay, which are expected to enhance customer engagement and create new monetization opportunities.
- TIM SA (TIMB) continues to expand its B2B segment, with revenue now representing around 7% of service revenues, and is advancing in areas like IoT and digital solutions.
- The mobile subscriber base contracted in the quarter, with a decline in market share, attributed to competitive pressures and pricing strategies.
- Revenue growth excluding M&A was slightly below inflation, with core client-generated business growing at only 3.1% year-over-year.
- There was an increase in bad debt expenses, partly due to a nonrecurring effect from a specific B2B client, indicating potential macroeconomic pressures.
- The company faces challenges in balancing capital allocation for shareholder distributions and investments in fiber and convergence, especially after the iSystems acquisition.
- International roaming expenses showed volatility, complicating the assessment of EBITDA margins and indicating potential mismatches between revenue and costs.
Good morning, ladies and gentlemen. Welcome to TIM S.A. 2026 second-quarter results video conference call. We would like to inform you that this event is being recorded. (Operator Instructions) There will be a replay for this call on the company's website. (Operator Instructions)
(video playing)
Welcome to TIM's second-quarter 2026 results presentation. Following today's presentation, Alberto Griselli, CEO; Andrea Viegas, CFO, and the Investor Relations team will be available for the live Q&A session. Before we begin, please note that this presentation may contain forward-looking statements, which are subject to risks and uncertainties. And now I'll hand it over to Alberto.
Hello, everyone. The second quarter was marked by solid execution. We delivered revenue growth, profitability expansion and cash generation in a balanced way while continuing to diversify our revenue profile and strengthen our operations. As our broad avenue is diversified, we
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