TIM S.A: NOTICE TO THE MARKET Filing of Form 20-F
RIO DE JANEIRO, March 31, 2025 /PRNewswire/ -- TIM S.A ("TIM") announces that its Annual Report on Form 20-F (the "20-F"), reporting its financial and operational data for financial year ended December 31, 2024, was filed with the U.S. Securities and Exchange Commission, or the SEC, and with the Brazilian Securities and Exchange Commission, the Comissão de Valores Mobiliários, or CVM, on March 31, 2025. The document has been posted on TIM's website, https://ri.tim.com.br/.
The 20-F contains detailed information about TIM, including certifications under the
U.S. Sarbanes-Oxley Act, which attest to the effectiveness of TIM's internal controls and procedures. TIM independent auditors, Ernst & Young Auditores Independentes
S.S Ltda., issued an audit opinion on the financial statements and the effectiveness of internal controls over financial reporting as of December 31, 2024.
TIM's shareholders may receive a hard copy of this document, which contains the Company's complete audited financial statements, free of charge, upon request. Requests should be directed to:
Rio de Janeiro, March 31, 2025.
View original content:https://www.prnewswire.com/news-releases/tim-sa-notice-to-the-market-filing-of-form-20-f-302416354.html
SOURCE TIM S.A
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
7 hours ago
- USA Today
General Motors touts major leap in EV sales ahead of quarterly report
General Motors touts major leap in EV sales ahead of quarterly report Show Caption Hide Caption General Motors: History, innovation, and legacy Learn about the rich history and notable innovations of General Motors, from its founding in 1908 to its leadership in electric and autonomous vehicle technology. In addition to doubling electric vehicle sales within the first six months of 2025, GM said its share of the electric vehicle market doubled. GM has reported several production changes to electric vehicle manufacturing this year, often citing 'marketplace changes.' General Motors slightly more than doubled electric vehicle sales this year compared with the first five months of 2024, which the company said outstripped the industry average for that time period. The Detroit automaker broke with its traditional quarterly sales release cycle to report trucks and SUVs from its Chevrolet brand largely drove the difference. GM hasn't reported vehicle sales on a monthly basis since March 2018. Across all brands, GM sold 62,830 electric vehicles from January to May of 2025, with the Chevrolet brand comprising 37,620 of those sales. Crosstown rival Ford Motor Co., the only Detroit Three automaker to still report monthly sales, during the same time period, sold 34,132 vehicles across its all-electric vehicle lineup, which currently includes the Mustang Mach-E, F-150 Lightning and the E-Transit van. While the high percentages seem impressive, a year-over-year comparison presents a low bar, said Sam Abuelsamid, vice president of market research at Telemetry. Not all of GM's EVs were on the market at the same period last year. The Chevrolet Blazer's stop-sale from software challenges lasted from December 2023 and ended in March 2024, and dealerships didn't receive Equinox vehicles until mid-summer 2024. Cadillac's Optiq and Vistiq vehicles rolled out just this year. Consumer sales of the Silverado EV also didn't pick up until May 2024 ― prior to that period, the vehicle appeared in only some fleet sales of the work truck configuration. 2025 Chevrolet Blazer EV: The new SS midsize SUV is the brand's fastest SS ever 'Sales have indeed grown substantially in the past 12 months, but modest increases yield big percentage changes when the numbers are small to begin with,' Abuelsamid said. 'It's a percentage bias and it's what we've been seeing in EV sales for a couple of years.' That isn't to say GM's EV growth spurt isn't still impressive. GM is a leader in the electric vehicle space, offering the broadest range of powertrains on the market, according to Alan Haig, president of dealership merger-and-acquisitions firm Haig Partners. In the firm's most recent industry report, Haig notes GM dealers see great future earnings potential across all four GM brands, which translates into stronger offers on GM dealerships when they go up for sale. Customers are pouring into dealership showrooms to check out the latest vehicles, Haig said in the report, and that demand then lifts all departments within the dealership. Sales of electric vehicles may be growing exponentially, but they still fall far short of the business the company does with gas-powered models. 'GM's in a really good spot right now. Their electric vehicles are selling well, but their (internal combustion vehicles) are selling better,' Haig told the Detroit Free Press. 'Sitting here today, most customers are choosing gas. And when that tax credit goes away, it's going to pull demand away from EVs even more.' Top-selling models Since the first 100 or so Chevrolet Equinox EVs arrived at dealerships last year, the vehicle has quickly become a top seller for the company's electric vehicle portfolio. Through the second quarter 2024, GM sold 1,013. Even without June sales figures, 21,804 electric Equinox vehicles sold in 2025. Scott Bell, vice president of global Chevrolet, said more than half of electric-vehicle sales volume this year came from customers new to General Motors. 'It's certainly the most affordable EV out there with that kind of range. It is by far the leader in the clubhouse — it doubles our Blazer volume easily on a monthly basis,' he said. 'Once you convert to an EV, you're not leaving. Especially once you've invested in the infrastructure, a home charger, 86% of them will stay.' 'Refocus on fossil fuels' Meanwhile, GM's electric vehicle sales success occurs amid growing concern that a shift to a broader electric vehicle portfolio could harm automakers' long-term profits. Bank of America analyst John Murphy said June 4 while presenting the annual 'Car Wars' report that he advised a retreat to gas-powered vehicle production to generate enough cash to protect against an uncertain market. Much of that uncertainty stems from the White House. In his second term, President Donald Trump has adopted several policies aimed at reducing clean energy incentives. His "Big, Beautiful" tax bill proposes to kill the electric vehicle tax credit by the end of this year and penalize hybrid and electric vehicle owners with annual fees to compensate for lost revenue customers would have paid in gas tax. Meanwhile, Trump's tariff plans continue to throw a wrench in the intricate multinational supply chain relied on by every automaker that builds and sells vehicles in the United States. Many automakers announced plans to adjust operations and footprints seeking to mitigate costs from tariffs on imported vehicles and auto parts. But not every Trump-backed initiative has drawn criticism from the industry. The auto sector rejoiced May 22 when the U.S. Senate voted to revoke California's emissions waivers that would ban the sale of new gasoline-powered cars and trucks by 2035. The week before, GM emailed thousands of its non-hourly employees requesting they use scripted talking points to lobby senators to veto the bill, the Wall Street Journal reported. 'Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability,' the message reportedly said. California, alongside 16 other states and the District of Columbia, would have required electric vehicle sales to comprise over one-third of all vehicles sold in their respective states, which industry leaders warned would result in a dramatic reduction of new vehicle sales in affected markets. Increasing the number of electric vehicles sold, industry leaders warned, would require automakers to send dealerships fewer gas-powered vehicles, limiting the supply of cars that dealerships know they could sell. Shifting production plans GM has reported several production changes to electric vehicle manufacturing this year, often citing 'marketplace changes.' GM said April 23 that it planned to expand transmission production at its Toledo (Ohio) Propulsions Systems plant where it builds transmissions used in the Silverado and Sierra pickup trucks, while reducing electric drive unit production. The company announced May 27 its largest-ever propulsion investment would be for gas-powered vehicles, $888 million, on next-generation V-8 engine production. Yet the company remains firm that it is not turning away from its zero-emissions objectives. In addition to doubling electric vehicle sales within the first six months of 2025, GM said its share of the electric vehicle market doubled as well. Even if the market isn't where GM planned for it to be when designing its electric portfolio, consumers shouldn't consider their production changes as a sign the company will abandon its EV goals. If nothing else, Haig said, the company has already spent so much to make sure it wouldn't be left behind once the market shifted in favor of more electrified options. 'GM has spent billions of dollars on these EV products, and they're second behind Tesla. They're trying to get a return on investment on all these products,' Haig said. 'But if the CARB mandate is eliminated, ultimately, they've got shareholders they need to answer to and they're making very strong profits on their trucks and SUVs.' Customer 'not ready' to go electric Despite numerous changes from electric vehicle production, GM still believes in an all-electric future, Barra also said during a Wall Street Journal event last week. A full electric vehicle transition depends entirely on what happens with the regulatory environment and national charging network ― the former outpacing GM customer demand, the latter falling behind on the infrastructure needed to improve confidence for vehicle buyers. 'The customer was telling us they weren't ready,' Barra said onstage at the Future of Everything conference in New York City, adding that regulations requiring 37% electric vehicle sales penetration greatly exceed the 7% of vehicles sold in April. 'I've been saying for a couple of years now that I thought the regulatory environment was getting in front of the customer, and I've always said that we needed one national standard,' she said. 'We have a portfolio, we're committed, but frankly, this was necessary for the customer.' Barra touted GM's recent investments in charging infrastructure, including partnerships with Pilot Flying J and Tesla Inc. GM is also relying on its dealership network to determine underserved areas that require more charging options. 'We've got to get a little further, and I think that we will,' Barra said. 'Every quarter, the infrastructure gets a little better.' Jackie Charniga covers General Motors for the Free Press. Reach her at jcharniga@
Yahoo
16 hours ago
- Yahoo
Blackstone Mortgage Trust Declares $0.47 Per Share Dividend
NEW YORK, June 13, 2025--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.47 per share of class A common stock with respect to the second quarter of 2025. This dividend is payable on July 15, 2025 to stockholders of record as of the close of business on June 30, 2025. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates, acquires and manages senior loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These loans are financed in a variety of ways, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at About Blackstone Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect BXMT's current views with respect to, among other things, its operations and financial performance, its business plans and the impact of the current macroeconomic environment, including interest rate changes. You can identify these forward-looking statements by the use of words such as "outlook," "objective," "indicator," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. BXMT believes these factors include but are not limited to those described under the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its periodic filings with the Securities and Exchange Commission ("SEC") which are accessible on the SEC's website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the filings. BXMT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances. View source version on Contacts Investor Relations Blackstone+1 (888) 756-8443BlackstoneShareholderRelations@ Public Affairs Blackstone+1 (212) 583-5263PressInquiries@
UPI
18 hours ago
- UPI
Chile's defense policy shift carries high costs
The Chilean armed forces rely on U.S.-made F-16 fighters. File photo by Marco Mesina/EPA-EFE SANTIAGO, Chile, June 13 (UPI) -- President Gabriel Boric's plan to replace Israel as Chile's primary arms supplier presents logistical and strategic challenges for the country's armed forces. Chile's president has sharply criticized Israel's military actions in Gaza. In his recent state of the nation address, he supported Spain's proposal for an arms embargo on Israel "to prevent more children from being killed." "I have instructed the defense minister to quickly present a plan to diversify our defense trade relationships so we can stop relying on Israeli industry in all areas," Boric said. Since 1977, Chile has purchased more than $850 million worth of Israeli weapons, according to the Stockholm International Peace Research Institute. By 1989, Israel supplied 42.5% of Chile's total weapon imports. During Sebastián Piñera's administration, Chile signed new agreements with Israel covering weapons, security technology and cybersecurity. The path toward supplier diversification is complex. Chile's armed forces maintain a significant inventory of Israeli-made equipment. Changing suppliers requires a transition process that could affect existing system interoperability. Integrating new platforms and technologies from multiple sources takes time, training and often costly modifications to ensure systems from different countries can operate together efficiently. This is especially critical in joint operations, where compatibility between communications gear, navigation systems and weapons is essential. Experts say replacing deeply integrated Israeli systems could weaken Chile's overall operational capability. "The relationship with an arms supplier goes far beyond the initial purchase. It involves agreements for logistical support, spare parts, long-term maintenance and technological upgrades," said César Cereceda, a defense expert and president of the Association of Retired Armed Forces Personnel. Severing or weakening ties with an established supplier like Israel could disrupt the supply chain for critical parts, affecting the operation and availability of existing equipment. Trust and a strong support track record are crucial in military technology procurement, Cereceda added. Military equipment also requires highly trained personnel for operation and maintenance. Changing suppliers means training troops on new systems, requiring investments in time and resources. Chile may consider Brazil, Turkey and India as new suppliers, but it must first evaluate whether their products meet the country's specific defense needs. Brazil has a developing defense industry focused on land systems, aircraft and some naval platforms. While it has made progress, its technology may not match Israel's level of sophistication, particularly in high-tech sectors. Turkey's defense industry has expanded rapidly in recent years, making notable advances in drones, armored vehicles and naval systems. Its development has been impressive, but it has yet to fully consolidate as a comprehensive supplier. India's large industrial base and its ambitious "Made in India" policy are key strengths in its bid to become a defense supplier. However, it still relies heavily on foreign technology for complex systems, and its ability to export advanced weapons at scale remains limited. "Chile's defense policy has long focused on diversifying strategic acquisitions," said Gabriel Gaspar, an international analyst and former deputy defense secretary. He noted that the armed forces operate German armored vehicles, ships from the U.K., Australia and the Netherlands and U.S.-made F-16 fighter jets. "All of these supply lines rely on NATO-standard technology, offering broad compatibility -- from calibers to communication systems," Gaspar said. "Switching to a different line of weaponry is always possible, but it requires long-term policy and funding." The cost of replacing existing technology could range from $15 billion to $20 billion, according to estimates by Fernando Wilson, an analyst at Chile's Adolfo Ibáñez University. Reducing dependence on a single supplier would strengthen Chile's strategic autonomy and reduce its vulnerability to potential embargoes or shifts in bilateral relations. Exploring new markets would allow Chile to access different technologies and approaches in the defense industry, potentially strengthening its long-term military capabilities. However, experts say a complete switch in suppliers and the replacement of all Israeli technology and systems currently in use could come at a very high cost.
