TIM 4Q25 Earnings: Record Margin of 53% and a R$950M Bet on Fiber Verticalization

2026-02-11 - 12:55

3 Key Points — Normalized net income rose 27.9% to a record R$ 1.349 billion ($245M), beating consensus, as postpaid mobile revenue grew 9.5% and normalized operating costs fell 1.1% year-on-year — pushing EBITDA margin to an all-time high of 53.1%. — Free cash flow surged 28.3% to R$ 1.574 billion ($286M) in the quarter,