Ambev generated 24807600000 in net revenue in Q4 2025, with normalized EBITDA of 8849900000 and normalized EBITDA margin of 35.7%. Total volumes declined 3.6% to 48522900 thousand hectoliters, while normalized profit reached 4619100000 and normalized EPS was 0.28.

Ambev reported Q4 2024 revenue of R$27.04 billion, net income of R$5.02 billion, and normalized EBITDA of R$9.62 billion. Normalized EPS was R$0.31, reflecting a 7.8% increase compared to the same period in 2023. Strong revenue growth was driven by positive performances in Brazil NAB and Central America and the Caribbean.