Slide 1: Results 3Q25
RESULTS 3Q25 Telefônica Brasil S.A. Investor Relations October 30th, 2025 ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 2: 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 those contained
Slide 3: Real growth across all key lines, fueled by strong commercial performance
Real growth across all key lines, fueled by strong commercial performance, driving enhanced profitability and shareholder returns Mobile Postpaid Fiber Homes Total Revenue EBITDA Accesses Connected 3Q25 3Q25 69.8mn +7.3% YoY 7.6mn +12.7% YoY +6.5% +9.0% 102.9mn Total Mobile 30.5mn Homes Passed Mobil
Slide 4: Revenues continue to grow at a fast pace, with solid contributions from postpaid, fiber and B2B
Revenues continue to grow at a fast pace, with solid contributions from postpaid, fiber and B2B Total Revenues | R$ Million, YoY Mobile Service Revenues Fixed Revenues R$ Million R$ Million Postpaid² Prepaid -6.0% +2.8% Others¹ Handsets & Electronics +22.8% Data, ICT & Digital Services Postpaid + Fi
Slide 5: We recorded our highest-ever postpaid net additions
We recorded our highest-ever postpaid net additions, setting the base for continued mobile outperformance Mobile Accesses | Million, YoY 5G Customer Base¹ & Take-up³ Postpaid Net Adds¹ Million (%) Thousand +8.0% M2M + Dongles² +7.0% Postpaid¹ 102.9 Postpaid4 Churn Postpaid Churn Mobile ARPU % ex-M2M
Slide 6: Convergence accelerates, reducing churn, boosting net additions, and increasing fiber penetration
Convergence accelerates, reducing churn, boosting net additions, and increasing fiber penetration FTTH Accesses | Million, YoY FTTH Homes Passed FTTH Net Additions Million Thousand -8.4% Convergent customers +52.7% ex-Vivo Total Vivo Total¹ Take-up Ratio 7.6 FTTH Churn +12.7% % • ~85% of FTTH sales
Slide 7: Revenue per B2C RGU maintains its growth trend
Revenue per B2C RGU maintains its growth trend as Vivo successfully enhances customer monetization Total B2C Revenues 75.3% of total B2C New Businesses 3.1% of total B2C Revenue/RGU¹ R$ Million revenues R$ Million revenues R$/Month +87.2% +15.3% +8.3% New Businesses +6.7% Number of RGUs¹ Million +19
Slide 8: B2B is a key growth driver for Vivo
B2B is a key growth driver for Vivo, and will continue to gain more relevance as digital services expand Total B2B Revenues¹ 22.5% of total Digital B2B² 8.6% of total R$ Million revenues R$ Million revenues +34.5% +19.7% +25.0% Digital B2B² +34.2% +46.6% + B2B +5.6% Connectivity Vivo and Sabesp sign
Slide 9: Vivo makes a new commitment to biodiversity until 2055
Reinforcing its protagonism, Vivo makes a new commitment to biodiversity until 2055 Governance The Encontro Futuro Vivo event brought together prominent figures to foster discussions and reflections 1st place among all sectors Excellence in the Corporate Social on the future of life on the planet an
Slide 10: Opex grows below inflation in the quarter
Opex grows below inflation in the quarter, supported by operating leverage and asset monetization Costs Costs of Services & Goods Sold R$ Million Cost of Services | +19.4% YoY | 11.7% of Revs (+1.3p.p. YoY) • Increase related to the accelerated growth of revenues with digital solutions, especially i
Slide 11: Operating cash flow grows at a double-digit rate
Operating cash flow grows at a double-digit rate, reflecting Vivo’s return profile Capex¹ OpCF¹ R$ Million R$Operating Million, 9M25 Cash Flow¹ B OpCF Margin¹ %, LTM There is considerable room to improve leasing cost dynamics through contract renegotiations and increased infrastructure sharing. Curr
Slide 12: We continue to improve profitability, while cash generation and balance sheet remain solid
We continue to improve profitability, while cash generation and balance sheet strength remain solid Net Income¹ Free Cash Flow² R$ Million R$ Million +13.3% +5.5% +10.0% -3.5% +18.1% -10.7% Net Debt/(Cash)3 R$ Million Set-25 Net Debt including IFRS-16 Free Cash Flow FCF/Revenues Yield (LTM)4 (LTM) R
Slide 13: Shareholder remuneration on track to meet our guidance
Shareholder remuneration on track to meet our guidance and expand on a yearly basis Shareholder Remuneration (from Jan 1 to October 30, 2025)¹ We reaffirm our commitment to distributing at T pe of a ent ount illion ate of a ent least 100% of our net income to shareholders for the years 2025 and 2026
Slide 14: Investor Relations
For further information Investor Relations ri.telefonica.com.br/en ir.br@telefonica.com ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.