Ambev

Ambev reported normalized EBITDA of R$7.6 billion for Q1 2026 (+10.1% organically), normalized net income of R$3.8 billion (+0.3%) and revenue of 4.33 M$; earnings per share beat expectations. Operating cash flow reached R$3.2 billion, and cash and cash equivalents stood at R$18.0 billion. Strong growth contributions came from the premium and "Balanced Choice" segments and from digital platforms BEES (GMV doubled) and Zé Delivery, which especially attract younger audiences. Management confirmed the cost guidance for Brazil beer (cash COGS +4.5% to +7.5%) and is focusing on digitization, portfolio premiumization and operational optimization as a three-pronged growth strategy. » Plus sur de.investing.com

Ambev published the agenda for the ordinary and extraordinary shareholders’ meeting on April 30, 2026, in São Paulo. Shareholders will be asked to approve the 2025 financial statements, profit allocation (including interest on equity and dividends), the re-election of the nine-member board of directors and their alternates, and the management and fiscal council compensation. Proposed total executive compensation for 2026 is up to R$162.2 million, and fiscal council compensation up to R$2.47 million. Bylaw amendments related to capital increases, management rules, interim dividends and interest on equity are also scheduled for a vote. » Plus sur de.investing.com

Barclays kept an Equal Weight rating on Ambev while raising its price objective to $3, citing a focus on profitability-led earnings and cash flow growth in 2026. Ambev reported Q4 organic net revenue growth of 4.8% driven by an 8.7% rise in net revenue per hectoliter despite a 3.6% volume decline; full-year organic net revenue rose 4.0%. Full-year normalized EBITDA increased 5.6% with margins up 50 basis points to 33.4%, normalized profit grew 1.6% to R$15.1 billion and operating cash flow was R$24.5 billion, down 6.3%. » Plus sur finance.yahoo.com

Ambev reported Q4 2025 EPS of $0.28 and revenue of $24.81 billion, both well above expectations. The consolidated normalized EBITDA margin rose 50 basis points to 33.4%; growth was particularly strong in premium and non‑alcoholic beers and on the BEES marketplace (GMV +70%). The share climbed in premarket trading, while the company expects cash COGS per hectoliter in Brazil to increase 4.5–7.5% in 2026 and continues to focus on margin expansion, organic growth and selective M&A. » Plus sur de.investing.com

AmBev reported an adjusted EBITDA of R$8.85bn for Q4 (3% above estimates), down 7.5% year-on-year. Earnings per share fell to R$0.28 (-10%) and total volume declined 3.8% (2.5% below analysts' expectations). In Brazil beer volume contracted 2.6%, while premium and non-alcoholic segments grew strongly; outside Brazil the CAC region suffered from significantly lower margins. For 2026 AmBev expects rising cost pressure (+4.5–7.5%) and higher marketing spending due to the World Cup; Bank of America remains neutral and raised its price target to R$15.30. » Plus sur de.investing.com