TIM Participacoes SA (TIMB) financial statements

Communication Services · Telecom Services · Market cap $8.5B

TIM Participacoes SA reported revenue of 26.6B BRL in fiscal 2025, up 6.6% a year over 7 years.

Net income was 4.3B BRL and the operating margin 23.8%, against 14.2% in 2018.

Free cash flow was 8.9B BRL, and the company returned 5.4B BRL in dividends.

Revenue and free cash flow

Fiscal years, $ billions (BRL).

010203020182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in BRL, from TIM Participacoes SA's 10-K filings with the SEC.

Fiscal year20182019202020212022202320242025
Revenue17.0B BRL17.4B BRL17.3B BRL18.1B BRL21.5B BRL23.8B BRL25.4B BRL26.6B BRL
Cost of revenue7.7B BRL7.4B BRL8.0B BRL8.4B BRL10.7B BRL11.5B BRL11.9B BRL12.3B BRL
Gross profit9.3B BRL9.9B BRL9.3B BRL9.6B BRL10.9B BRL12.3B BRL13.6B BRL14.4B BRL
Selling, general and admin-3.4B BRL-6.7B BRL6.1B BRL6.3B BRL7.4B BRL7.5B BRL7.7B BRL7.7B BRL
Operating income2.4B BRL4.5B BRL2.8B BRL3.8B BRL3.2B BRL4.7B BRL5.5B BRL6.3B BRL
Interest expense951M BRL1.4B BRL1.2B BRL1.7B BRL2.8B BRL2.8B BRL2.8B BRL3.4B BRL
Pre-tax income1.9B BRL4.5B BRL2.0B BRL3.1B BRL-1.7B BRL3.2B BRL3.6B BRL4.6B BRL
Income tax-665M BRL-914M BRL164M BRL146M BRL50M BRL347M BRL469M BRL248M BRL
Net income2.5B BRL3.6B BRL1.8B BRL3.0B BRL1.7B BRL2.8B BRL3.2B BRL4.3B BRL
EPS (diluted)1.05 BRL1.50 BRL0.76 BRL1.22 BRL0.69 BRL1.17 BRL1.30 BRL1.78 BRL
Diluted shares2.42B2.42B2.42B2.42B2.42B2.42B2.42B2.41B
Gross margin54.6%57.2%53.7%53.2%50.5%51.8%53.3%53.9%
Operating margin14.2%26.0%16.2%20.8%14.7%19.8%21.6%23.8%
Net margin15.0%20.8%10.6%16.4%7.8%11.9%12.4%16.2%

Balance sheet

Fiscal years, in BRL, from TIM Participacoes SA's 10-K filings with the SEC.

Fiscal year20182019202020212022202320242025
Cash and short-term investments1.1B BRL2.3B BRL2.6B BRL5.2B BRL2.5B BRL3.1B BRL3.3B BRL3.6B BRL
Receivables—3.2B BRL3.1B BRL3.1B BRL3.4B BRL3.7B BRL4.7B BRL4.9B BRL
Inventory—203M BRL247M BRL203M BRL236M BRL332M BRL294M BRL357M BRL
Total current assets—8.5B BRL10.4B BRL15.4B BRL10.4B BRL11.4B BRL12.7B BRL13.5B BRL
Property, plant and equipment11.2B BRL17.6B BRL18.1B BRL18.3B BRL22.7B BRL22.4B BRL22.8B BRL23.2B BRL
Total assets—40.3B BRL41.7B BRL49.8B BRL56.4B BRL55.3B BRL56.3B BRL56.9B BRL
Total current liabilities—8.1B BRL8.3B BRL10.6B BRL13.1B BRL12.9B BRL12.8B BRL15.2B BRL
Long-term debt—645M BRL656M BRL3.3B BRL3.7B BRL2.5B BRL2.7B BRL1.9B BRL
Total liabilities—17.9B BRL18.5B BRL24.7B BRL31.0B BRL29.2B BRL29.9B BRL33.0B BRL
Shareholders' equity19.8B BRL22.4B BRL23.2B BRL25.1B BRL25.4B BRL26.0B BRL26.4B BRL24.0B BRL
Net debt-1.1B BRL-256M BRL-230M BRL-1.4B BRL2.4B BRL693M BRL-223M BRL-832M BRL

Cash flow

Fiscal years, in BRL, from TIM Participacoes SA's 10-K filings with the SEC.

Fiscal year20182019202020212022202320242025
Operating cash flow6.1B BRL7.1B BRL8.7B BRL9.9B BRL9.2B BRL12.4B BRL12.3B BRL13.4B BRL
Capital spending3.8B BRL3.9B BRL3.9B BRL5.3B BRL4.7B BRL4.5B BRL4.6B BRL4.5B BRL
Free cash flow2.3B BRL3.2B BRL4.8B BRL4.6B BRL4.4B BRL7.9B BRL7.8B BRL8.9B BRL
Stock-based compensation-1M BRL3M BRL3M BRL16M BRL7M BRL-24M BRL22M BRL17M BRL
Dividends paid588M BRL770M BRL1.2B BRL1.0B BRL1.2B BRL2.2B BRL2.7B BRL5.4B BRL
Net borrowing167M BRL1.0B BRL1.8B BRL3.1B BRL1.6B BRL———
Free cash flow margin13.5%18.5%27.7%25.6%20.6%33.2%30.6%33.4%
Dividends per share0.24 BRL0.32 BRL0.48 BRL0.43 BRL0.50 BRL0.90 BRL1.12 BRL2.22 BRL
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Questions

What was TIM Participacoes SA's revenue in 2025?

26.6B BRL in fiscal 2025, from its 10-K filing.

How much free cash flow does TIM Participacoes SA generate?

8.9B BRL in fiscal 2025 (operating cash flow minus capital spending).

From TIM Participacoes SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.