Q4 2025 Tim SA Earnings Call Transcript

Feb 11, 2026 / 01:00 PM GMT

Release Date Price: $27.11 (+7.49%)

Transcript

Key Points

Positve

Service revenue grew above inflation with a year-on-year expansion of 5.2%.
EBITDA margin expanded to 51% with a 7.5% increase in EBITDA.
Operating cash flow grew at double digits, expanding by 16% year-on-year.
TIM SA (TIMB) maintained its leadership in 5G coverage in Brazil, covering over 1,000 cities.
The company achieved significant milestones in B2B, surpassing 1 billion BRL in total contracted value.

Negative

The prepaid segment showed signs of revenue decline, although it is starting to stabilize.
There are challenges in the broadband sector, particularly with the neutral model not achieving expected scale benefits.
The company faces competitive pressures in mobile portability, affecting churn levels.
There is uncertainty regarding the impact of Brazil's tax reform from 2027 onwards.
CapEx demands remain high, with pressure from FX and network expansion requirements.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TIMS3.SA - Tim SA
Q4 2025 Tim SA Earnings Call
Feb 11, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to TA 2025 4th quarter results video conference call. We would like to inform you that this event is being recorded and all participants will be in listen-only mode during the company's presentation. There will be a replay for this call on the company's website.

After GA remarks are completed, there will be a Q&A section for participants. At that time, further instructions will be given.

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Unidentified_2 [2]
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I'm Vicentin Ferreira, investor relations officer of Team Brazil. Welcome to our earnings conference for the 4th

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