TIM S.A.

Good morning, ladies and gentlemen, and welcome to TNSA 2025 Fourth Quarter Results video conference call. We would like to inform you that this event is being recorded and all 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 TNSA remarks are completed, there will be a Q&A section for participants. At that time, further instructions will be given.

Hello everyone, I'm Vicente Ferreira, Investor Relations Officer of Team Brazil. Welcome to our earnings conference for the fourth quarter of 2025. Today, joining me to discuss the highlights of our results, I have the CEO, Alberto Grizzelli, and the CFO, Andrea Viegas. As usual, we close our call with a live Q&A session. So, let's get started. Alberto, great to have you here. What can you tell us about the main highlights of the 2025 results? Thank you, Vicente. Hello, everybody.

It's a pleasure to share results that represent more than another solid quark. They depict a consistent execution of our strategy and full delivery of our promises confirming the track record of Team Brazil in meeting its target. From a financial standpoint, service revenue grew above inflation with a year-on-year expansion of 5.2%. Check. EBITDA margin expansion reaching 51% as EBITDA increased 7.5% check as well capex was essentially flat versus 2024 check operating cash flow grew at double digit closing the year expanding at 16 percent check and with the dividend anticipation we close the shareholder remuneration at 4 billion reais in cash plus 750 million in share buyback check In all, guidance was delivered with a combination of strong cash generation and disciplined capital allocation.