TIM S.A. (BVMF:TIMS3)

TIM S.A. Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	26,043	25,448	23,834	21,531	18,058	17,268
Revenue Growth (YoY)	5.32%	6.77%	10.70%	19.23%	4.58%	-0.63%
Cost of Revenue	12,196	11,893	11,496	10,656	8,443	7,997
Gross Profit	13,847	13,555	12,337	10,875	9,615	9,271
Selling, General & Admin	7,683	7,707	7,502	7,405	6,345	6,099
Other Operating Expenses	-8.74	14.33	37.76	29.43	21.99	56.38
Operating Expenses	7,674	7,721	7,540	7,434	6,367	6,156
Operating Income	6,173	5,834	4,798	3,440	3,248	3,116
Interest Expense	-2,423	-2,340	-2,109	-2,237	-1,259	-925.94
Interest & Investment Income	902.76	730.57	1,021	901.88	596.75	163.24
Earnings From Equity Investments	-89.31	-82.53	-89.3	-61.59	-11.57	-
Currency Exchange Gain (Loss)	-44.78	71.36	-7.06	5.01	0.66	-6.78
Other Non Operating Income (Expenses)	-93.66	-149.78	-119.19	37.8	120.54	99.58
EBT Excluding Unusual Items	4,425	4,063	3,494	2,086	2,695	2,446
Gain (Loss) on Sale of Investments	-	-	-	-	1,613	-
Gain (Loss) on Sale of Assets	-3.87	-3.2	1.65	0.3	-844.21	-8.16
Legal Settlements	-423.62	-437.23	-615.36	-365.88	-360.94	-429.82
Other Unusual Items	-20.1	-	303.44	-	-	-
Pretax Income	3,978	3,622	3,184	1,721	3,103	2,008
Income Tax Expense	351.49	468.58	346.61	50.15	146.05	163.95
Net Income	3,626	3,154	2,837	1,671	2,957	1,844
Net Income to Common	3,626	3,154	2,837	1,671	2,957	1,844
Net Income Growth	17.01%	11.15%	69.83%	-43.50%	60.39%	-49.10%
Shares Outstanding (Basic)	2,420	2,420	2,421	2,420	2,420	2,421
Shares Outstanding (Diluted)	2,420	2,420	2,421	2,420	2,421	2,421
Shares Change (YoY)	-0.02%	-0.02%	0.02%	-0.02%	-0.02%	0.00%
EPS (Basic)	1.50	1.30	1.17	0.69	1.22	0.76
EPS (Diluted)	1.49	1.30	1.17	0.69	1.22	0.76
EPS Growth	16.41%	11.11%	69.56%	-43.44%	60.53%	-49.21%
Free Cash Flow	8,974	7,781	7,916	4,432	4,794	4,783
Free Cash Flow Per Share	3.71	3.21	3.27	1.83	1.98	1.98
Dividend Per Share	0.599	0.599	0.661	0.578	0.369	-
Dividend Growth	34.29%	-9.35%	14.26%	56.88%	-	-
Gross Margin	53.17%	53.26%	51.76%	50.51%	53.24%	53.69%
Operating Margin	23.70%	22.92%	20.13%	15.98%	17.99%	18.04%
Profit Margin	13.92%	12.39%	11.91%	7.76%	16.38%	10.68%
Free Cash Flow Margin	34.46%	30.58%	33.22%	20.58%	26.55%	27.70%
EBITDA	10,584	10,157	8,699	7,332	6,533	6,254
EBITDA Margin	40.64%	39.91%	36.50%	34.05%	36.18%	36.22%
D&A For EBITDA	4,411	4,324	3,901	3,891	3,286	3,138
EBIT	6,173	5,834	4,798	3,440	3,248	3,116
EBIT Margin	23.70%	22.92%	20.13%	15.98%	17.99%	18.04%
Effective Tax Rate	8.84%	12.93%	10.89%	2.91%	4.71%	8.17%
Advertising Expenses	-	700.64	599.25	565.27	459.81	377.18

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.