SÃO PAULO, Feb. 25,
2025 /PRNewswire/ --
Telefônica Brasil - (B3: VIVT3; NYSE: VIV)
announces its results for 4Q24.
Strong operating performance led to robust net
income growth and free cash flow generation.
|
R$
million
|
4Q24
|
4Q23
|
%
Y-o-Y
|
2024
|
2023
|
%
Y-o-Y
|
|
|
|
|
|
|
|
|
Net Operating
Revenue
|
14,581
|
13,535
|
7.7
|
55,845
|
52,100
|
7.2
|
|
Mobile
Services
|
9,201
|
8,602
|
7.0
|
36,022
|
33,216
|
8.4
|
|
FTTH
|
1,829
|
1,627
|
12.4
|
7,093
|
6,195
|
14.5
|
|
Corporate Data, ICT
and Digital Services
|
1,346
|
1,111
|
21.1
|
4,735
|
4,307
|
9.9
|
|
Handsets and
Electronics
|
1,177
|
1,042
|
13.0
|
3,730
|
3,453
|
8.0
|
|
Other
Revenues¹
|
1,029
|
1,153
|
(10.7)
|
4,265
|
4,930
|
(13.5)
|
|
Total
Costs
|
(8,383)
|
(7,783)
|
7.7
|
(32,965)
|
(30,782)
|
7.1
|
|
EBITDA
|
6,199
|
5,752
|
7.8
|
22,880
|
21,318
|
7.3
|
|
EBITDA
Margin
|
42.5 %
|
42.5 %
|
0.0
p.p.
|
41.0 %
|
40.9 %
|
0.1
p.p.
|
|
EBITDA
AL²
|
4,831
|
4,461
|
8.3
|
17,796
|
16,572
|
7.4
|
|
EBITDA AL
Margin
|
33.1 %
|
33.0 %
|
0.2
p.p.
|
31.9 %
|
31.8 %
|
0.1
p.p.
|
|
Net
Income
|
1,763
|
1,601
|
10.1
|
5,548
|
5,029
|
10.3
|
|
Earnings per Share
(EPS)
|
1.08
|
0.97
|
11.5
|
3.38
|
3.03
|
11.3
|
|
|
|
|
|
|
|
|
CAPEX ex-IFRS
16
|
2,456
|
2,295
|
7.0
|
9,166
|
8,960
|
2.3
|
|
Operating Cash Flow
(OpCF)
|
3,742
|
3,457
|
8.2
|
13,714
|
12,358
|
11.0
|
|
OpCF
Margin
|
25.7 %
|
25.5 %
|
0.1
p.p.
|
24.6 %
|
23.7 %
|
0.8
p.p.
|
|
Operating Cash Flow
AL (OpCF AL)
|
2,374
|
2,167
|
9.6
|
8,629
|
7,612
|
13.4
|
|
OpCF AL
Margin
|
16.3 %
|
16.0 %
|
0.3
p.p.
|
15.5 %
|
14.6 %
|
0.8
p.p.
|
|
Free Cash
Flow
|
1,080
|
592
|
82.4
|
8,219
|
8,148
|
0.9
|
|
|
|
|
|
|
|
|
Total Subscribers
(Thousand)
|
116,050
|
113,001
|
2.7
|
116,050
|
113,001
|
2.7
|
1 – Other Revenues include Voice, xDSL, FTTC and IPTV. 2
– AL means After Leases.
Net revenue grew (+7.7% YoY), driven by the strong
performance of mobile postpaid revenue (+9.1%
YoY). Postpaid's performance is related to the increase in
customer base (+7.6% YoY), which totaled 66.5 million in the
quarter, driven by migrations from prepaid and the addition of new
customers, that contributed to the +1.6% YoY increase in postpaid
ex-M2M and ex-dongles ARPU, to R$52.1, while churn stood at historically low
levels, 0.99%.
Fixed revenue increased +8.0% YoY, driven by
the FTTH (+12.4% YoY) and Corporate Data, ICT and Digital
Services (+21.1% YoY) revenues. Our FTTH network
reached 29.1 million homes passed (+11.2% YoY), with
7.0 million homes connected (+12.7% YoY).
EBITDA expanded +7.8% YoY, with a margin of 42.5%,
flat when comparing to 4Q23. EBITDA AL expanded by +8.3%
YoY, with a margin of 33.1% (+0.2 p.p. YoY).
In 2024, Capex totaled R$9,166
million (+2.3% YoY), equivalent to 16.4% of revenues
(-0.8 p.p. YoY), reflecting a decrease in investment intensity.
Investments were directed towards strengthening our 5G
network, which is already present in 504 cities (+2.9x YoY),
covering 61.3% of the Brazilian population, and expanding our
fiber operation.
Operating Cash Flow for the year was R$13,714 million (+11.0% YoY), with a margin
of 24.6% (+0.8 p.p. YoY) over net revenue.
Net income attributed to Telefônica Brasil reached
R$5,548 million in 2024
(+10.3% YoY). The Company delivered on its guidance of
shareholder remuneration paid in 2024, distributing
R$5,845 million (vs R$4,786 million in 2023), a growth of +22.1% YoY,
reflecting a payout over net income of 105.3%. For the years
2025 and 2026, the Company reaffirms its commitment to distribute
an amount equal to or greater than 100% of net income for each
fiscal year.
To download the complete version of the Company's earnings
release, please visit our
website: https://ri.telefonica.com.br/en
View original
content:https://www.prnewswire.com/news-releases/4q24-results-telefonica-brasil-sa-302385402.html
SOURCE Telefônica Brasil S.A.