TIM S.A. filed a Form 6-K with the SEC on November 9, 2026, presenting its third-quarter and nine-month 2026 results along with an update on strategic initiatives and 2026 financial guidance.

Key Highlights

  • Service revenue growth: Net service revenue grew +5.8% year-over-year in 9M26, against a 2026 guidance target of approximately 5%.
  • EBITDA performance: Normalized EBITDA rose +6.8% year-over-year in 9M26, within the 2026 guidance range of 6-8%.
  • Operating cash flow: Operating cash flow (defined as EBITDA-AL minus Capex) grew +11.6% year-over-year in 9M26, within the 2026 guidance range of 11-14%.
  • Nominal Capex: Nominal Capex stood at R$3.3 billion through 9M26, against a full-year 2026 guidance of R$4.4-4.6 billion.
  • Shareholder remuneration: R$1.56 billion in shareholder remuneration (including interest on capital and share buyback) was delivered in 9M26, with the 2026 full-year guidance of R$5.3-5.5 billion confirmed.
  • TIM Ultrafibra growth: The TIM Ultrafibra broadband customer base posted +13.2% year-over-year growth in 3Q26, with revenue up +12.7% year-over-year in the same quarter.
  • B2B revenue: B2B service revenue (excluding wholesale, including V8.TECH) reached R$1,827 million on a last-twelve-months basis through LTM26, up 19.3% versus LTM25.

TIM S.A. Nine-Month 2026 Financial and Operational Performance

According to the filing, TIM S.A. (NYSE:TIMB) reported that its nine-month 2026 results are tracking in line with or above its stated annual guidance across key financial metrics. Net service revenue for 9M26 totaled R$6,882 million, reflecting +5.8% year-over-year growth, compared with R$6,534 million in the prior-year period. Mobile revenue in the nine-month period grew +4.0% year-over-year, while fixed revenue grew +30.1% year-over-year. In 3Q26 specifically, mobile revenue grew +4.7% and fixed revenue grew +26.7%. Mobile ARPU stood at R$34.8 per month in 3Q26, representing a +5.0% increase versus 3Q25, the filing disclosed.

On the mobile subscriber side, the filing reported that postpaid ex-M2M net additions improved sequentially, reaching 292 thousand in 3Q26, up from 247 thousand in 2Q26 and 188 thousand in 1Q26. Postpaid ex-M2M churn was 0.8% in 3Q26, improving by 0.1 percentage point versus 2Q26. The loyal customer base grew +12% year-over-year as of 3Q26, according to the filing. For prepaid, the filing noted that revenue declines were easing, with year-over-year changes of -6.9%, -6.5%, and -4.2% in 1Q26, 2Q26, and 3Q26 respectively.

The filing also highlighted progress in B2B and enterprise services. TIM's B2B revenue reached R$1,827 million on a last-twelve-months basis through LTM26. The filing noted a partnership with BYD covering 200 thousand vehicles with embedded connectivity over the next 24 months, with BYD's largest industrial operation outside China fully covered with dedicated 5G and 4G. The filing also referenced the launch of TIM Cloud AI by V8.TECH, described as the first Oracle Cloud Managed Services Provider in Latin America, serving more than 100 enterprise clients. The company's forward-looking statements were accompanied by cautionary language noting that "actual results may differ materially from those projected due to various factors."

What Was Disclosed

TIM S.A. filed a 6-K presenting its 9M26 results and investor presentation. The filing covered service revenue, EBITDA, operating cash flow, Capex, shareholder remuneration, broadband subscriber metrics, mobile performance, and B2B strategic updates, all compared against stated 2026 guidance ranges.