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TIM
(NYSE:TIMB)
TIM (TIMB) vs. SPDR S&P 500 ETF (SPY)
TIM Business Overview & Revenue Model
TIM Earnings Call Summary
TIM Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.04B | 25.45B | 23.83B | 21.53B | 18.06B | 17.27B |
| Gross Profit | 13.65B | 13.55B | 12.34B | 10.87B | 9.62B | 9.27B |
| EBITDA | 13.71B | 12.99B | 12.17B | 10.16B | 9.84B | 8.38B |
| Net Income | 3.63B | 3.15B | 2.84B | 1.67B | 2.96B | 1.83B |
Balance Sheet | ||||||
| Total Assets | 56.95B | 56.33B | 55.26B | 56.41B | 49.82B | 41.65B |
| Cash, Cash Equivalents and Short-Term Investments | 5.47B | 5.69B | 5.04B | 4.74B | 9.80B | 4.65B |
| Total Debt | 16.22B | 15.61B | 16.03B | 17.80B | 12.91B | 10.72B |
| Total Liabilities | 31.83B | 29.92B | 29.24B | 31.01B | 24.71B | 18.47B |
| Stockholders Equity | 25.13B | 26.40B | 26.02B | 25.40B | 25.11B | 23.18B |
Cash Flow | ||||||
| Free Cash Flow | 8.97B | 7.78B | 7.92B | 4.70B | 4.62B | 4.78B |
| Operating Cash Flow | 13.47B | 12.33B | 12.42B | 9.43B | 9.91B | 8.67B |
| Investing Cash Flow | -5.58B | -4.95B | -4.68B | -8.62B | -6.52B | -5.29B |
| Financing Cash Flow | -7.00B | -7.20B | -7.21B | -3.49B | -735.37M | -3.09B |
TIM Technical Analysis
TIM Risk Analysis
TIM Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $11.01B | 17.38 | 14.93% | 6.38% | -4.90% | 14.83% | |
77 Outperform | $19.67B | 18.50 | 8.36% | 4.84% | -3.16% | 4.70% | |
74 Outperform | $20.77B | 15.22 | 15.54% | 6.14% | -5.21% | -7.45% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $7.72B | 19.11 | ― | 4.96% | -8.16% | -51.97% | |
49 Neutral | $24.19B | ― | -0.70% | 7.89% | -5.49% | -75.51% | |
46 Neutral | $9.46B | -24.77 | -7.80% | ― | 4.25% | -103.14% |
TIM Corporate Events
On November 3, 2025, TIM S.A. held a Fiscal Council meeting to discuss several key issues, including tax, regulatory, civil, and labor contingencies, as well as the company’s quarterly information report for the third quarter of 2025. The meeting, attended by members of the Fiscal Council and representatives from Ernst & Young, concluded that no irregularities were found in the quarterly report, which was deemed appropriate for presentation to the Board of Directors. This meeting underscores TIM S.A.’s commitment to transparency and regulatory compliance, potentially strengthening its position in the telecommunications industry.
On November 3, 2025, TIM S.A. announced the resignation of Mr. Herculano Aníbal Alves from the Board of Directors, effective December 1, 2025. The company has elected Mr. Denísio Augusto Liberato Delfino as his successor, also effective December 1, 2025. Mr. Denísio brings extensive experience in the financial market, having held prominent roles such as CEO of BB Asset Management and director at Previ. His appointment is expected to strengthen TIM’s leadership, given his background in corporate governance and ESG investments.
On November 3, 2025, TIM S.A. held a Board of Directors meeting where several key decisions were made. The meeting acknowledged the activities of the Control and Risks Committee and the Statutory Audit Committee. The Board reviewed the company’s quarterly financial report for Q3 2025 and accepted the resignation of Herculano Aníbal Alves, appointing Denísio Augusto Liberato Delfino as his replacement effective December 1, 2025. Additionally, the Business Support Officer position was dissolved, with its duties redistributed among existing executive officers, reflecting a strategic shift in the company’s organizational structure.
TIM S.A. reported strong financial results for the third quarter of 2025, with a 4.5% year-over-year increase in total net revenue and a 5.2% rise in mobile service revenue. The company achieved its highest net income ever, driven by robust postpaid segment growth and strategic client acquisitions in the B2B sector. TIM’s partnership with IHS Brasil aims to expand its telecommunications infrastructure, supporting its IoT projects and enhancing its market position. The company also announced a significant shareholder remuneration plan and continued focus on operational efficiency to sustain growth and shareholder returns.
TIM S.A. reported a solid financial performance for the first nine months of 2025, with a 5.2% year-over-year increase in service revenue and a 6.7% rise in EBITDA, achieving a 50.3% margin. The company highlighted its leadership in network coverage, particularly in 5G deployment, and its strategic partnership with Vale to implement 5G technology in mining operations. The company’s efforts in customer base management and digital engagement have shown positive results, with significant growth in mobile ads and data monetization. TIM S.A.’s focus on cost control has maintained expenses growth well below inflation, supporting robust margin expansion.
On November 3, 2025, TIM S.A. released its quarterly financial information for the period ending September 30, 2025. The report shows an increase in total assets to 57.37 billion reais from 56.33 billion reais at the end of 2024, indicating growth in the company’s financial standing. Current liabilities rose to 14.68 billion reais, reflecting increased obligations, while shareholders’ equity decreased to 25.21 billion reais. These financial changes suggest a shift in TIM’s financial strategy, potentially impacting its stakeholders and market position.
On October 15, 2025, TIM S.A. announced the anticipation of the third installment of its Additional Dividends payment to October 21, 2025, amounting to R$ 684 million. This payment, initially scheduled for October 23, 2025, maintains the previously informed conditions and follows the first two installments paid earlier in the year. The decision to advance the payment date underscores TIM’s commitment to its shareholders and reflects its robust financial position, potentially enhancing shareholder value and market confidence.
On October 8, 2025, TIM S.A. reported on its securities and derivatives operations, highlighting changes in shareholding percentages among its directors and related parties. The report indicates a stable shareholding structure with minor adjustments, reflecting the company’s ongoing commitment to transparency and regulatory compliance. This update is significant for stakeholders as it underscores TIM’s adherence to governance standards and its strategic positioning in the telecommunications sector.
On October 7, 2025, TIM S.A. announced a partnership with IHS Brasil to construct and operate up to 3,000 telecommunications towers across Brazil, with an initial deployment of 500 sites. This collaboration aims to enhance TIM’s mobile coverage and B2B segment, while also reducing lease expenses as part of TIM’s Lease Efficiency Plan. The partnership is expected to improve service quality without significantly impacting the company’s capital expenditure plans.
On October 3, 2025, TIM S.A. announced a rectification in the gross amount per share of interest on equity due to a change in the number of treasury shares before September 26, 2025. The gross value per share increased slightly to R$0.1995452456, while the total amount remains R$480,000,000. The payment is scheduled by January 21, 2026, with shareholders identified as of September 26, 2025, eligible for the distribution.
On September 30, 2025, TIM S.A. announced the resignation of Mr. Bruno Mutzenbecher Gentil from his role as Business Support Officer. The company expressed gratitude for his contributions and noted that the Board of Directors will convene to assess the executive structure moving forward. This change in leadership may influence the company’s operational strategies and stakeholder relations as they evaluate the executive team composition.
On September 8, 2025, TIM S.A.’s Board of Directors convened to approve agreements related to the company’s energy self-production project. This decision, following discussions from earlier in the year, includes executing a consortium agreement to formalize the project’s legal structure, indicating a strategic move towards sustainable energy solutions. This initiative is expected to enhance TIM’s operational efficiency and market positioning in the telecommunications sector.
On September 9, 2025, TIM S.A. reported various securities and derivatives transactions involving its directors and related parties. The report highlights the company’s internal financial activities, indicating a significant portion of shares held by related parties, which could impact its corporate governance and stakeholder interests.