Strong Financial Performance: Vivo reported a revenue increase of 7.2% year-over-year in Q2 2025, reaching BRL 14.6 billion. Mobile service revenues, particularly in the postpaid segment, grew by 11% year-over-year, with an impressive EBITDA growth of 8.8% and a margin of 40.5%. This robust performance highlights the company's successful strategy in both mobile and fixed segments.

Opportunities in Fiber and Digital Services: Vivo¡¯s fiber-to-the-home (FTTH) customers increased by 12.6% year-over-year, now totaling 7.4 million accesses. The company emphasizes its conversion plan, Vivo Total, which saw a 63% increase in customer adoption. This segment is critical for future revenue growth as it represents over 72% of service revenues.

Shareholder Returns and Buybacks: Vivo has committed to returning at least 100% of net income to shareholders, having already distributed BRL 5.2 billion in returns this year. A reverse stock split followed by a forward stock split increased trading volumes by 77%, and the company has BRL 1 billion allocated for share buybacks through February 2026, reflecting confidence in sustained profitability.