Company Overview - TIM S.A. Sponsored ADR (TIMB) is based in Rio De Janeiro and operates in the Computer and Technology sector [3] - The stock has experienced a price increase of 79.85% since the beginning of the year [3] Dividend Information - TIMB currently pays a dividend of $0.09 per share, resulting in a dividend yield of 4.09% [3] - The Wireless Non-US industry has a yield of 2.73%, while the S&P 500's yield is 1.49% [3] - The company's annualized dividend of $0.87 has increased by 56.5% compared to the previous year [4] - Over the past 5 years, TIMB has raised its dividend three times, averaging an annual increase of 9.26% [4] - The current payout ratio is 60%, indicating that 60% of its trailing 12-month EPS is distributed as dividends [4] Earnings Growth - The Zacks Consensus Estimate for TIMB's earnings in 2025 is $1.38 per share, reflecting a year-over-year growth rate of 14.05% [5] - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [5] Investment Considerations - TIMB is considered a strong dividend investment opportunity, especially in the context of rising interest rates where high-yielding stocks may face challenges [6] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a stable investment outlook [6]

Core Viewpoint - TIM S.A. Sponsored ADR (TIMB) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the changing earnings picture of a company, specifically tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - For the fiscal year ending December 2025, TIM is expected to earn $1.36 per share, which remains unchanged from the previous year, but the Zacks Consensus Estimate has increased by 1.9% over the past three months [9]. Impact of Institutional Investors - Changes in earnings estimates are strongly correlated with stock price movements, with institutional investors using these estimates to determine the fair value of shares, leading to buying or selling actions that affect stock prices [5]. Business Improvement Indicators - The upgrade in TIM's rating reflects an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [6]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - TIM's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [11].

Financial Data and Key Metrics Changes - Service revenues grew by 5.4% year over year, with EBITDA increasing by 6.5%, resulting in a margin of 49.5% [4][5] - Operating cash flow expanded significantly, reflecting improved profitability and a commitment to shareholder distribution [4] Business Line Data and Key Metrics Changes - Total service revenue in Q2 grew by 5.1% year on year, with mobile services growing at a faster pace of 5.6% [6] - Postpaid services now account for nearly 70% of mobile service revenues, with a year-over-year growth of 12.2% in Q2 [7] - The company added over 450,000 new postpaid customers in the second quarter [6] Market Data and Key Metrics Changes - In state capitals, 5G accounts for 30% of data traffic, with São Paulo seeing an offload of 36% [16] - The number of 5G devices has grown fivefold since 2022, now representing 28% of total devices [15] Company Strategy and Development Direction - The company is focused on network modernization and expanding partnerships to develop new revenue opportunities [5][11] - A strategic initiative includes enhancing the B2B IoT strategy, particularly in agribusiness, utilities, and logistics [11][12] - The company aims to secure new partnerships in financial services and expand its digital ecosystem [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledges increased global volatility but remains committed to executing strategic initiatives to meet 2025 targets [5][22] - The competitive landscape is viewed as rational, with a focus on quality rather than aggressive pricing strategies [58] Other Important Information - The company has been recognized as the most sustainable Brazilian company, leading the B3 Sustainability Index [5] - Significant strides have been made in ESG commitments, including renewable energy use and diversity policies [22] Q&A Session Summary Question: Outlook for lease lines in the remainder of the year - Management indicated that negotiations with partners are ongoing, with a focus on achieving lease increases in line with inflation [33][35] Question: Evolution on management's thoughts about the fixed business - Management stated there are no new updates on inorganic opportunities, focusing instead on optimizing existing operations [29][30] Question: CapEx and leasing efficiency measures outlook for the second semester - Management confirmed that CapEx efficiency is improving, particularly in network modernization efforts [40][41] Question: Sale and marketing expenses outlook - Management noted that marketing costs are being managed through increased efficiency and a shift towards e-commerce [43][44] Question: Growth in mobile revenue driven by roaming revenues - Management explained that growth is attributed to user-generated revenues and new roaming agreements, contributing positively to overall revenue [51][52] Question: Increase in network and interconnection costs - Management clarified that the increase is due to higher international roaming costs and a growing customer base, which is expected to maintain a positive margin [60][61] Question: Perspectives on the prepaid segment - Management indicated ongoing efforts to improve prepaid revenue dynamics, focusing on recharge frequency and customer migration strategies [66]

Financial Data and Key Metrics Changes - Service revenues grew by 5.4% year over year, with total service revenue increasing by 5.1% in Q2 2025 [4][6] - EBITDA increased by 6.5%, resulting in a margin of 49.5% [4] - Operating cash flow expanded significantly, contributing to a strong financial performance [4][20] Business Line Data and Key Metrics Changes - Mobile services revenue grew at a faster pace of 5.6%, with the highest mobile ARPO in the industry at close to BRL33 per month [6] - Postpaid services accounted for nearly 70% of mobile service revenues, with a year-over-year growth of 12.2% [7] - The company added over 450,000 new postpaid customers in Q2 2025 [6] Market Data and Key Metrics Changes - TIM leads in 5G technology, with 30% of traffic now flowing through its 5G network [5] - In state capitals, 5G accounts for 30% of data traffic, with São Paulo seeing an offload rate of 36% [15] - The number of 5G devices has grown fivefold since 2022, now representing 28% of total devices [14] Company Strategy and Development Direction - The company is focused on network modernization, expanding partnerships, and developing new revenue opportunities [5] - TIM aims to enhance its B2B IoT strategy, particularly in agribusiness, utilities, and logistics [10] - The company is committed to providing integrated solutions that enhance operational efficiency for clients [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased global volatility but remains committed to executing strategic initiatives to meet 2025 targets [5][21] - The company is focused on developing new partnerships, particularly in financial services, and expanding its B2B IoT solutions [22] - Management emphasized a commitment to innovation, operational excellence, and sustainable growth [22] Other Important Information - TIM was recognized as the most sustainable Brazilian company, topping the B3 Sustainability Index [5] - The company has mapped 100 use cases for AI, with several projects focused on operational improvements [16] Q&A Session Summary Question: Outlook for lease lines in the remainder of the year - Management indicated that negotiations with partners are ongoing, and they are optimistic about achieving goals related to lease lines [31][33] Question: Evolution on management's thoughts about the fixed business - Management stated there are no new updates on inorganic progress but is focused on optimizing the organic side of the business [28][30] Question: CapEx and leasing efficiency measures outlook for the second semester - Management confirmed that CapEx efficiency is improving, particularly in network modernization projects [38][40] Question: Sale and marketing expenses outlook - Management noted that marketing expenses will increase due to more campaigns in the second half of the year [42] Question: Mobile revenue growth drivers - Management highlighted that growth is driven by user-generated revenues, roaming agreements, and B2B IoT progress [48] Question: Tower efficiencies and new RFQ partnership - Management explained that they are renegotiating contracts and exploring building new towers as an alternative [50][52] Question: Drivers behind the increase in network and interconnection costs - Management attributed the increase to higher international roaming costs and provider costs due to a new portfolio launch [57] Question: Competitive pressure from new entrants - Management believes the competitive environment is rational, focusing on quality rather than price competition [56]

RESULTS PRESENTATION 2NPQTR2025 =5G TIMB TIMS LISTED B3 LISTED NM NYSE ISEB3 ETIM DISCLAIMER This presentation contains declarations that constitute forward-looking statements regarding the intent, belief or current expectations of value creation, customer base dynamics, estimates regarding future financial results and other aspects of the activities. Analysts and investors are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date of this presentation. TI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: July 30, 2025 Commission File Number: 001-39570 TIM S.A. (Exact name of Registrant as specified in its Charter) João Cabral de Melo Neto Avenue, 850 – North Tower – 12 floor 22775-057 Rio de Janeiro, RJ, Brazil (Address of principal executive office) Indicate by check mark whether the registrant files or ...

Core Viewpoint - The analysis on TIM S.A. (NYSE: TIMB) is being revisited ahead of its Q2 2025 earnings release scheduled for July 30th, with a previous buy rating based on strong fundamentals and cash flow considerations [1]. Group 1: Company Overview - TIM S.A. is positioned in the telecom sector and is being analyzed for its financial performance and investment potential [1]. - The company is led by Michael (Mike) Dion, who has extensive finance experience across various industries, indicating a strong leadership background [1]. Group 2: Investment Strategy - The investment approach focuses on identifying value opportunities where market reactions to news may be disproportionate, emphasizing the importance of cash flow for both companies and investors [1]. - The preference for investments backed by strong fundamentals and dividends highlights a strategy aimed at long-term value creation [1].

Core Viewpoint - TIM S.A. Sponsored ADR (TIMB) has recently experienced a bearish trend, losing 6.4% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1] Group 1: Technical Analysis - The hammer chart pattern indicates a potential bottom in the stock price, suggesting that selling pressure may be exhausting [2] - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that despite a downtrend, buying interest emerges after reaching a new low [4] - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may have lost control, indicating a possible trend reversal [5] Group 2: Fundamental Analysis - Recent upward revisions in earnings estimates for TIMB serve as a bullish indicator, correlating strongly with near-term stock price movements [7] - Over the last 30 days, the consensus EPS estimate for the current year has increased by 0.2%, indicating that analysts expect better earnings than previously predicted [8] - TIMB holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10]

Market Overview - The "Italy Telecom Operators Country Intelligence Report" provides an executive-level overview of the telecommunications market in Italy, including detailed forecasts of key indicators up to 2029 [2][4] - Total telecom and pay-TV service revenue in Italy is projected to decline at a CAGR of 0.5% from 2024 to 2029, primarily due to decreases in mobile voice & messaging, fixed voice, and pay-TV segments [3][8] - Mobile data service revenue is expected to grow at a five-year CAGR of 2.2%, driven by increasing mobile data consumption from online gaming and video streaming, higher demand for 5G smartphones, and a steady rise in mobile data ARPU [3][8] Regulatory Environment - The report reviews the regulatory environment and trends, including developments related to spectrum licensing, DTT migration, and IoT regulations, with a focus on the next 18-24 months [8] Telecom Services Market Outlook - Fixed broadband service revenue is forecasted to grow at a CAGR of 2.1% during the forecast period, supported by gains in fiber subscriptions and government efforts to expand broadband connectivity [3][8] - The report includes historical figures and forecasts of service revenue from fixed telephony, broadband, mobile voice, mobile data, and pay-TV markets [8] Competitive Landscape - The report examines the positioning of leading players in the telecom and pay-TV services market, including subscription market shares across segments [8] - Company snapshots provide analysis of the financial position of leading service providers in the telecommunications and pay-TV markets, including TIM Italy (Telecom Italia), Vodafone Italy, WindTre, and Iliad Italy [10] Key Topics Covered - The report covers demographic and macroeconomic context in Italy, the competitive landscape, and underlying assumptions behind published forecasts [8]

Core Viewpoint - Nickelodeon is launching a new animated preschool series, "Tim Rex in Space," in collaboration with Channel 5's Milkshake!, marking its first global co-production [1][4]. Group 1: Series Overview - "Tim Rex in Space" follows a T-Rex named Tim and his family as they embark on adventures in a unique world made up of asteroids [2]. - The series will premiere on August 4, 2025, airing for three consecutive weeks on Nickelodeon and Nick Jr. channels [1]. Group 2: Production Details - The series is created and produced by Mint Copenhagen, with animation by Jam Media, and features a team of experienced directors and writers [4]. - Key production personnel include Josephine Jerris Margolis, Louise Barkholt, Sam Dransfield, and Andy Potter [4]. Group 3: Voice Cast - The voice cast includes Cassian Swan-Mckee as Tim, Ace Gill as Tommy, Hope Delaney as Tia, and Jamie Smart as Kai, among others [3]. Group 4: Channel 5's Milkshake! - Channel 5's Milkshake! is a leading children's programming block in the UK, catering to preschoolers with a variety of engaging content [5]. - The channel features popular shows like "Peppa Pig," "PAW Patrol," and "Thomas & Friends," and is known for its strong character-led animation [5]. Group 5: Nickelodeon's Position - Nickelodeon, now in its 46th year, is recognized as the number-one entertainment brand for kids, with a diverse global business model [5]. - The brand encompasses television programming, consumer products, digital experiences, and feature films [5].