Slide 1: Results 2Q26
Results 2Q26 July 27, 2026 Telefônica Brasil S.A. Investor Relations
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements concerning prospects and objectives regarding the capture of synergies, growth of the subscriber base, a breakdown of the various services to be offered and their respective results Our actual results may differ materially from thos
Slide 3: Vivo continued to excel in the second quarter with solid performance
Building on a strong start to the year, Vivo continued to excel in the second quarter, delivering solid operational and financial performance Mobile Postpaid Total Revenue Operating Cash Flow¹ Net Income² Accesses 2Q26 YoY 1H26 1H26 73.2mn +6.9% YoY +7.6% R$8.2bn R$2.8bn 105.1mn Total Mobile Mobile
Slide 4: Vivo's broad ecosystem supports diversified growth across connectivity, digital services, and electronics
Vivo’s broad ecosystem supports diversified growth across connectivity, digital services, and electronics Total Revenues | R$ Million, YoY Mobile Service Revenues Handsets & Electronics R$ Million R$ Million Postpaid2 Prepaid +7.6% Handsets & +27.8% Electronics Data, ICT & Highest YoY +7.8% increase
Slide 5: Vivo expands its value proposition, supporting ARPU growth and stable churn
As mobile customer needs evolve, Vivo expands its value proposition, supporting ARPU growth and stable churn Postpaid Net Adds² Postpaid² Churn Mobile Accesses | Million, YoY Thousand % +2.6% M2M & +6.1% Dongles¹ Prepaid -6.1% Mobile ARPU R$ Postpaid² +7.3% Highest Currently, 27 million ARPU in our
Slide 6: New standard in fiber through convergence, scale and quality
Our ability to set a new standard in fiber is due to a unique combination of convergence, scale and quality FTTH Accesses | Million, YoY FTTH ARPU FTTH Net Adds R$ Thousand +11.3% Convergent customers -2.2% ex-Vivo Total FTTH +0.2% Standalone FTTH Churn FTTH Take-up Rate & Homes Passed Churn remaine
Slide 7: Differentiated ecosystem drives customer lifetime value
A differentiated ecosystem and tailored offerings continue to drive customer lifetime value Total B2C Revenues | R$ Million B2C Revenue/RGU² 56.7 million R$/Month (LTM) RGUs² % of total revenues We reinforced our strategic positioning as a digital hub and +33.6% New reference in innovation, by offer
Slide 8: Comprehensive solutions portfolio supports sustainable B2B growth
A comprehensive solutions portfolio and bespoke projects continue to support sustainable B2B growth Total B2B Revenues1 | R$ Million Digital B2B 8.8% of total % of total revenues1 R$ Million revenues +10.0% + +20.2% +14.9% Cybersecurity Digital B2B Digital Solutions +1.0% IoT + Messaging Vivo and Ec
Slide 9: ESG agenda advances through measurable impact and recognition
Our ESG agenda advances through measurable impact and recognition from leading institutions Environment Acknowledgements Certified Recycling Seal Named Best ESG Company in the sector by EXAME for 100% of packaging are recyclable in Environmental education for students and the 3rd consecutive year al
Slide 10: Sale of migration-related assets resumed, driving double-digit EBITDA growth
Sale of migration-related assets resumed at full steam, driving double-digit EBITDA growth Costs Costs of Services & Goods Sold R$ Million R$ Million Cost of Goods Sold grew +18.6% YoY, given +18.6% the solid expansion of handsets and Cost of accessories revenue Goods Sold Cost of Services increased
Slide 11: Disciplined Capex while improving OpCF margins
Vivo sustains network investment with disciplined Capex, capturing growth opportunities while improving OpCF margins Capex¹ Operating Cash Flow¹ R$ Million R$ Million, 1H26 +11.3% YoY +13.4% YoY Operating Cash Flow Margin¹ %, LTM % of 1H26 16.7% 16.4% revenues 14.9% OpCF Capex increase was largely d
Slide 12: Net income delivered its strongest 1H YoY growth in years
Net income delivered its strongest 1H YoY growth in 3 years, led by organic growth, business transformation and financial management Net Income¹ Free Cash Flow² R$ Million R$ Million 2Q26 marked the final quarter of accelerated depreciation on legacy technologies, +17.0% -10.7% with D&A set to decli
Slide 13: IoC declarations grew +34.5% YTD YoY
IoC declarations grew +34.5% YTD YoY, a clear sign of continuously increasing shareholder remuneration Interest on Capital (IoC) Declared to Date 2026 Shareholder Remuneration Paid to Date¹ R$ Million R$ Million Share Buyback Capital Reduction IoC In July, the Company’s Board of We reaffirm our comm
Slide 14: Investor Relations
For more information Investor Relations ri.telefonica.com.br ir.br@telefonica.com