TIM S.A.

BOVESPA-TIMS3

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	3,082	3,632	6,289.3	3,577.3	3,103.2	2,007.6	4,774.7	4,428.5	1,435.5	1,013.3	3,001
Profit Before Income Tax and Social Contribution
Profit Before Income Tax and Social Contribution
Depreciation & Amortization	5,250	7,026	14,014.4	12,692.9	5,691.7	5,527	5,129	3,954.3	4,013.7	3,785.2	3,362
Depreciation and Amortization
Depreciation and Amortization
Share-Based Compensation Expense	8	22	-24.3	6.8	15.7	2.6	2.8	-6	10.9	3.8	4.5
Long-Term Incentive Plans
Long-Term Incentive Plans
Other Adjustments	1,116	2,184	5,619.8	5,544.8	1,042.5	1,925.9	1,020.3	-1,268.8	1,302.1	1,505.7	289.1
Equity in Earnings
Equity in Earnings
Provision for Legal and Administrative Proceedings
Provision for Legal and Administrative Proceedings
Interest on Asset Retirement Obligation
Interest on Asset Retirement Obligation
Inflation Adjustment on Judicial Deposits and Legal and Administrative Proceedings
Inflation Adjustment on Judicial Deposits and Legal and Administrative Proceedings
Interest, Monetary and Exchange Rate Variations on Loans and Other Financial Adjustments
Interest, Monetary and Exchange Rate Variations on Loans and Other Financial Adjustments
Yield from Marketable Securities
Yield from Securities
Interest on Lease Liabilities
Interest on Lease Liabilities
Lease Interest Receivable
Lease Interest Receivable
Provision for Expected Credit Losses
Provision for Expected Credit Losses
Residual Value of Written Off Property, Plant and Equipment and Intangible Assets
Residual Value of Written Off Property, Plant and Equipment and Intangible Assets
Gain/Loss on the Sale of Property, Plant and Equipment
Deferred Income and Social Contribution Taxes
Deferred Income Tax and Social Contribution
Gain on Sale Transaction of 51% of I-Systems
Lease Interest
Lease Interest Payable
Monetary Adjustments to Deposits, Administrative and Legal Proceedings
Monetary Adjustments to Deposits, Administrative and Legal Proceedings
Interest, Monetary and Exchange Variations of Borrowings and Other Financial Adjustments
Interest, Monetary and Exchange Variations of Borrowings and Other Financial Adjustments
Interest, Monetary and Exchange Variations of Borrowing and Other Financial Adjustments
Interest, Inflation Adjustment and Foreign Exchange Variations on Loans and Other Financial Adjustments
Accrued Interest and Foreign Exchange Variation of Loans
Accrued Interest and Foreign Exchange Variation of Authorizations
Interest and Monetary and Exchange Variation on Loans
Interests and Monetary and Exchange Variation on Loans
Inflation Adjustment on Deposits and Administrative and Judicial Proceedings
Inflation Indexation of Dividends
Actuarial Liability
Allowance for Doubtful Accounts
Income Tax and Social Contribution Paid
Income Tax and Social Contribution Paid
Changes in Trade Receivables	—	-1,606	-1,694.1	-1,898.3	-583.3	-390.1	-1,025.7	-1,028.9	99.7	-291.8	535.7
Trade Accounts Receivable
Trade Accounts Receivable
Changes in Inventories	53	38	-95.7	-33.6	44.1	-43.3	-20.2	-59.3	20.1	-2.2	122.3
Change in Inventory
Change in Inventory
Changes in Accounts Payable	601	304	1,089.7	1,846.6	153.4	-819	-396.4	340.2	523.4	-296	-1,808.1
Change in Operating Liabilities - Suppliers
Change in Operating Liabilities - Suppliers
Changes in Accrued Expenses	5	-33	42.8	40.3	35.5	53.7	8.2	-54.9	50.2	12.9	-9.3
Change in Payroll and Related Charges
Change in Payroll and Related Charges
Changes in Income Taxes Payable	343	719	1,442.6	2,054.2	1,031	940.3	-1,562.2	344.6	-14.8	-8.2	-336.7
Change in Taxes, Fees and Contributions Payable
Change in Taxes, Fees and Contributions Payable
Change in Taxes and Contributions Recoverable
Change in Taxes and Contributions Recoverable
Changes in Unearned Revenue	-72	-37	-33.3	-46.3	-135.6	-87.2	-204.4	-193.6	-415.7	-337.8	11.6
Deferred Revenues
Deferred Revenues
Changes in Other Operating Activities	-333	-839	-1,439.5	-3,426.8	-320	-443.6	-492.9	241.3	-1,621.1	-392.6	-894
Change in Prepaid Expenses
Change in Prepaid Expenses
Change in Prepaid Expenses
Change in Judicial Deposits
Change in Judicial Deposits
Change in Other Current Assets
Change in Other Current Assets
Change in Other Assets
Change in Other Assets
Authorizations Payable
Authorizations Payable
Change in Payments for Legal and Administrative Proceedings
Change in Payments for Legal and Administrative Proceedings
Change in Payment on Legal and Administrative Proceedings
Change in Other Current Liabilities
Change in Other Current Liabilities
Change in Other Liabilities
Change in Other Liabilities
Dividends and Interest on Shareholders' Equity Received
Cash from Operating Activities	10,726	12,332	24,994.2	17,432.8	10,078.1	8,673.9	7,233.2	6,697.5	5,404.1	4,992.2	4,278.2
Net Cash Generated by Operating Activities
Net Cash Generated by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-3,688	-4,550	-4,504.3	-4,730.4	-5,283.7	-3,891.3	-3,853.5	-3,831.9	-4,147.9	-4,502.4	-4,764.2
Additions to Property, Plant and Equipment and Intangible Assets
Additions to Property, Plant and Equipment and Intangible Assets
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—	—	—	13.9	133.7	2,498.4
Cash Received from Sales of Property, Plant and Equipment
Purchases of Investments	-5,273	-7,493	-2,998.7	-6,249.2	—	—	—	—	—	—	—
Investment on Marketable Securities
Proceeds from Sale of Investments	—	7,196	3,314	8,891.9	—	—	—	—	—	—	—
Redemption of Marketable Securities
Redemption of Marketable Securities
Payments for Business Acquisitions	—	—	-443.1	-12,984	—	—	—	—	—	—	—
Consideration for the Acquisition of Cozani, Net from Cash
Consideration for the Acquisition of Cozani, Net from Cash
Capital Increase in Subsidiary Cozani
Proceeds from Business Divestments	—	—	421.8	—	1,096.3	22	—	—	—	—	—
Cash from the Sale of 51% of I-Systems
Cash from the Incorporation of TIM Participaes
Cash from the Acquisition of Cozani
Other Investing Activities	—	-107	-51.5	4.5	-2,502	-1,424	139.6	-11.9	-266.5	140.4	-539.1
Financial Assets Stated at Fair Value Through Profit or Loss
Financial Assets Stated at Fair Value Through Profit or Loss
Receipt of Finance Lease
Receipt of Finance Lease
Capital Allocation in 5G Fund
Paid-Up Capital - FiberCo
Asset Retirement Obligations
Other
Others
Cash from Investing Activities	-8,961	-4,954	-8,945.2	-17,150.4	-6,689.4	-10,586.7	-3,713.9	-3,843.8	-4,400.6	-4,228.3	-2,804.9
Net Cash Provided by Investment Activities
Net Cash Provided by Investment Activities
Net Cash Generated by Investment Activities
Net Cash Applied on Investment Activities
Net Cash Applied on Investment Activities
Net Cash from Investment Activities
Net Cash from Investment Activities
Net Cash Received from Investment Activities
Net Cash Provided by Investing Activities
Net Cash Provided by Investment Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Long-Term Debt	—	503	—	1,568.3	3,905	1,800	1,000	166.5	646.9	1,304.5	1,262.4
Inflows on Loans and Financing
Inflows on Loans and Financing
Proceeds from Financing for the 5G License Acquisition
Repayments of Long-Term Debt	-374	-1,557	-1,403.5	-723.1	-1,789.9	-1,879.6	-820.1	-3,552.4	-3,270.6	-2,685.9	-1,711.5
Amortization of Loans and Financing
Amortization of Loans and Financing
Interest Paid - Loans and Financing
Interest Paid - Loans and Financing
Net Issuance / (Repayments) of Long-Term Debt	-374	-1,054	-1,403.5	845.2	2,115.1	-79.6	179.9	-3,385.9	-2,623.7	-1,381.4	-449.1
Common Share Dividends Paid	-1,905	-2,720	-2,174.9	-1,199.2	-1,043	-1,153.1	-937.5	-588.2	-332.7	-460.3	-360.4
Dividends and Interest on Shareholders' Equity Paid
Dividends Paid
Other Financing Activities	-3,273	-3,424	-6,673.7	-5,433.1	-1,807.5	-1,856.7	-1,553	-210	-214.6	105.6	203.8
Payment of Lease Liability
Payment of Lease Liability
Interest Paid on Lease Liabilities
Interest Paid on Lease Liabilities
Lease Incentives
Derivative Financial Instruments
Derivative Financial Instruments
Purchase of Treasury Shares, Net of Disposals
Payments for Reverse Stock Split and Stock Split Operations
Capital Increase
Options Exercised
Derivative Financial Instruments
Cash from Financing Activities	-5,215	-7,197	-14,226.9	-6,405.9	-735.4	-3,089.3	-2,310.6	-4,767.1	-3,171	-1,736.2	-605.8
Net Cash Provided by Financing Activities
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	7,038	7,782	20,489.9	12,702.4	4,794.4	4,782.6	3,379.7	2,865.6	1,256.2	489.9	-486.1
NOPAT	6,093.7	5,507	4,341.5	2,745	3,579.3	2,814.9	6,969.5	-4,304.4	2,530.8	1,922.2	2,382.9
Levered Free Cash Flow	5,814.1	4,728	11,950.8	10,912.8	6,288.7	3,000.7	2,647.6	-100	-2,981.2	-2,372.2	-2,680.1
Unlevered Free Cash Flow	8,252.7	8,135	14,858.3	11,141.8	4,795.6	4,051.4	5,577.1	-3,563.7	938.8	181	-1,933.5
Net Change in Cash	-3,450	181	1,822	-6,123.4	2,653.3	-5,002.1	1,208.7	-1,913.4	-2,167.5	-972.2	867.4