Ambev SA
BOVESPA:ABEV3

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Ambev SA Logo
Ambev SA
BOVESPA:ABEV3
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Price: 13.9 BRL 1.91% Market Closed
Market Cap: 219.1B BRL

Ambev SA
Investor Relations

Ambev SA, a giant in the beverage industry, emerges from the vibrant cultural tapestry of Brazil. Established in 1999 from the merger of Brahma and Antarctica, two storied Brazilian brewers, it has extended its influence across the Americas, creating an impressively robust portfolio of brands. This portfolio includes iconic names like Skol, Brahma, and Antarctica, which resonate deeply with consumers in its home country. The company has mastered the art of integrating traditional brewing methods with modern efficiencies, making it a formidable force in the beer market. Ambev operates not only as a brewing powerhouse but also as a dynamic distributor of beverages, implementing a multifaceted distribution strategy that reaches an extensive network of retailers, bars, and restaurants, ensuring its products are always within reach of consumers.

What sets Ambev apart is its strategic acumen in managing a diversified product portfolio that includes not just beers, but soft drinks and other beverages as well. This diversification allows Ambev to capture a wide range of consumer tastes and preferences, reinforcing its market position. The company leverages its deep-rooted logistics and expansive supply chain to maintain operational efficiency, which is crucial in managing costs and optimizing profits. Furthermore, Ambev’s commitment to innovation, from product development to marketing strategies, ensures that it stays ahead of consumer trends and competition. By harnessing its large scale and prominent market presence, Ambev not only generates substantial revenues through sales but also secures its long-term growth trajectory in the global beverage market.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Revenue Growth: Net revenue grew, supported by a 7% increase in net revenue per hectoliter, despite softer industry volumes, especially in Brazil.

EBITDA & Margins: EBITDA rose 3% with 50 basis points of margin expansion, driven by disciplined cost management and operational efficiency.

EPS Performance: Normalized EPS grew 8% year-over-year, reflecting solid financial execution.

Share Buyback: Ambev announced a new BRL 2.5 billion share buyback program to return cash to shareholders.

Brazil Market Share: Ambev gained low single-digit sell-out market share in Brazil, with premium and super premium brands reaching nearly 50% share.

Cost Guidance: Management reiterated guidance for Brazil beer cash COGS/hl, aiming for the lower half of the 5.5% to 7% range.

Industry Headwinds: Beer volume declines were chiefly attributed to colder weather (70% of the drop) and softer consumer demand, but management views these as temporary factors.

Digital Ecosystem: Digital initiatives like BEES Marketplace (GMV up 100%) and Zé Delivery (GMV up 7%) showed strong growth despite a softer industry.

Key Financials
Net Revenue per Hectoliter
up 7%
Normalized Net Income
BRL 3.8 billion
Stated Net Income
BRL 4.9 billion
Cash Flow from Operating Activities
BRL 6.9 billion
Share Buyback Program
BRL 2.5 billion
Dividend Announced
BRL 6 billion
BEES Marketplace GMV
annualized BRL 8 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jean Jereissati Neto
CEO & Member of Executive Board
No Bio Available
Mr. Lucas Machado Lira
Member of Board of Executive Officers, Chief Financial & IR and Shared Services Officer
No Bio Available
Mr. Eduardo Braga Cavalcanti de Lacerda
VP Officer of Commercial & Member of Executive Board of Officers
No Bio Available
Mr. Ricardo Morais Pereira de Melo
VP Officer of People and Management & Member of Executive Board of Officers
No Bio Available
Ms. Leticia Rudge Barbosa Kina
VP Officer of Legal & Compliance, Member of Executive Board of Officers and Secretary
No Bio Available
Mr. Paulo André Zagman
VP Officer of Logistics & Member of Executive Board of Officers
No Bio Available
Mr. Eduardo Eiji Horai
VP Officer of Information Technology & Member of Board of Executive Officers
No Bio Available
Mr. Daniel Wakswaser Cordeiro
VP Officer of Marketing & Member of Executive Board of Officers
No Bio Available
Mr. Valdecir Duarte
Industrial VP Officer & Member of Executive Board of Officers
No Bio Available
Ms. Daniela Gavranic Cachich
Beyond Beer VP Officer & Member of Board of Executive Officer
No Bio Available

Contacts

Address
SAO PAULO
Sao Paulo
Rua Dr. Renato Paes de Barros, 1.017, 4 andar, Itaim Bibi
Contacts
+551121221414.0
www.ambev.com.br