TIMB · TIM S.A.

TIM S.A. delivered solid Q1 2026 results with consolidated net revenue growing to R$6.8 billion from R$6.4 billion in the prior-year quarter, driven by higher service and goods sales as reflected in gross income expansion to R$3.6 billion. Operating expenses remained controlled, with selling and G&A expenses at R$1.5 billion and R$471 million respectively, leading to pre-financial income of R$1.5 billion. Financial expenses of R$911 million were partially offset by R$381 million in revenues, resulting in pre-tax profit of R$985 million. After tax expenses of R$168 million, net profit reached R$817 million, supporting EPS of R$0.34. Balance sheet strength improved with total assets at R$57.8 billion, bolstered by cash rising to R$4.0 billion. Shareholders' equity advanced to R$24.4 billion, incorporating the period's profit after R$390 million interest on shareholders' equity distribution. Key assets like property, plant, and equipment at R$23.2 billion and intangibles at R$14.7 billion underscore infrastructure investment continuity. Liabilities grew modestly to R$33.4 billion, dominated by lease obligations at R$13.9 billion current and non-current combined. These figures indicate operational resilience and effective cost management in the telecom sector.