TIM S.A. (TIMB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to Team S.A. 2026 second quarter results video conference call. We would like to inform you that this event is being recorded and all the 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 Team S.A. remarks are completed, there will be a question and answer session for participants. At that time, further instructions will be given. 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 deliver revenue growth, profitability expansion and cash generation in a balanced way while continuing to diversify our revenue profile and strengthen our operation. As our growth avenues diversify, we increase the resilience of the business and develop a sustainable path for value creation to our shareholders. Let me walk you through the main highlights. Revenue continues to show a consistent dynamic, approaching 7 billion reais in the quarter, with service revenues maintaining a solid pace. In the first half of the year, service revenues increased around 6%, reflecting broader contributions across the business. This performance was accompanied by further profitability gains, a bid that grew around 7% in the first half, while a bid after lease increased close to 8%, supported by operational efficiency, cost discipline, and continued margin expansion. Net i...