In the earnings release for the second quarter of 2026 (2Q26), published on Monday, July 27, 2026, TIM (TIMS3) reported normalized net income of R$ 1.036 bn, up 6.2% compared to 2Q25. Net revenue totaled R$ 6.965 bn in the quarter, while service revenue reached R$ 6.785 bn, an increase of 5.7% year over year.
In the period, normalized EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 3.586 bn, up 7% from 2Q25, with a margin of 51.5%. Normalized EBITDA-AL (EBITDA after lease effects) was R$ 2.802 bn, an increase of 7.8% year over year, with a margin of 40.2%. Operating cash flow, measured by normalized EBITDA-AL minus Capex, came to R$ 1.868 bn, up 8.7% in 12 months.
Mobile service revenue totaled R$ 6.369 bn, up 4.6% year over year, with mobile ARPU (average revenue per user) of R$ 34.3, an increase of 5%. In the fixed segment, service revenue came to R$ 416 mn, an increase of 27% compared to 2Q25, driven by TIM Ultrafibra, whose revenue was R$ 247 mn and FTTH ARPU was R$ 92.8. The TIM Ultrafibra customer base reached 899 thousand, 12.5% higher than a year earlier.
Normalized operating costs and expenses totaled R$ 3.380 bn, an increase of 4% compared to 2Q25, equivalent to 48.5% of net revenue. Capex (investments in network, IT and others) amounted to R$ 935 mn, 6% higher than a year earlier and corresponding to 13.4% of net revenue. Total net debt, including leases, closed June at R$ 12.518 bn, which represents 0.89x normalized EBITDA for the last 12 months, while net debt after leases was a negative R$ 1.096 bn.
In the first half of 2026 (6M26), TIM’s accumulated net revenue was R$ 13.772 bn, up 6% from the same period in 2025, with normalized net income of R$ 1.857 bn, an increase of 4%. The company also announced a target to distribute between R$ 5.3 bn and R$ 5.5 bn in 2026 in shareholder remuneration, through dividends, share buybacks and JCP (Interest on Equity), and has already approved JCP of R$ 400 mn on June 17, 2026.
