The earnings call showcased significant achievements such as revenue growth, successful cost management, and expansion in the digital ecosystem. However, challenges in beer volume performance in Brazil and Argentina and increased financial expenses were notable headwinds.

Company Guidance

In the 2025 third quarter earnings call, Ambev provided detailed guidance on its financial and operational performance, highlighting several key metrics. The company reported a 7% increase in net revenue per hectoliter, contributing to a 3% growth in EBITDA with a 50 basis point margin expansion. Normalized earnings per share (EPS) also grew by 8%. Year-to-date, Ambev's top line increased by 4%, driven by a net revenue per hectoliter growth of 7%, leading to an EBITDA growth of over 7% with a 120 basis point margin expansion. The company has launched a BRL 2.5 billion share buyback program, reflecting confidence in its long-term value creation potential. In Brazil, premium and super premium brands grew in volume by more than 9%, and the Balanced Choices portfolio increased by 36%, including a 20% growth in non-alcoholic beers. Ambev's digital ecosystem, BEES Marketplace, maintained strong momentum with a 100% growth in gross merchandise value (GMV) to an annualized BRL 8 billion. The company also highlighted its disciplined approach to cost management, which helped maintain costs in line with previous quarters despite operational challenges.

Net Revenue Growth

Net revenue grew 7% per hectoliter, supporting overall growth.

EBITDA and Margin Expansion

EBITDA grew 3% with 50 basis points of margin expansion.

Share Buyback Program

A BRL 2.5 billion share buyback program was approved to return cash to shareholders.

Digital Ecosystem and BEES Marketplace

BEES Marketplace GMV grew 100% to an annualized BRL 8 billion.

Premium and Super Premium Brands Growth

Premium and super premium brands grew in volumes more than 9%.

Balanced Choices Portfolio Growth

The Balanced Choices portfolio grew 36%, including non-alcohol beers growing above 20%.

Cost Management Success

Successful cost management resulted in cost per hectoliter growing below net revenue per hectoliter.

Ambev SA (ABEV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ABEV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	0.05 / -	0.054	―	―	―
Oct 30, 2025	2025 (Q3)	0.04 / 0.04	0.038	18.42% (<+0.01)
Aug 01, 2025	2025 (Q2)	0.03 / 0.03	0.026	23.08% (<+0.01)
May 08, 2025	2025 (Q1)	0.04 / 0.04	0.045	-6.67% (>-0.01)
Feb 26, 2025	2024 (Q4)	0.05 / 0.05	0.058	-6.90% (>-0.01)
Oct 31, 2024	2024 (Q3)	0.04 / 0.04	0.05	-24.00% (-0.01)
Aug 01, 2024	2024 (Q2)	0.03 / 0.03	0.033	-21.21% (>-0.01)
May 08, 2024	2024 (Q1)	0.04 / 0.04	0.046	-2.17% (>-0.01)
Feb 29, 2024	2023 (Q4)	0.06 / 0.06	0.063	-7.94% (>-0.01)
Oct 31, 2023	2023 (Q3)	0.04 / 0.05	0.038	31.58% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ABEV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2025	$2.18	$2.30	+5.50%
Aug 01, 2025	$2.16	$2.16	0.00%
May 08, 2025	$2.45	$2.48	+1.22%
Feb 26, 2025	$1.84	$1.93	+4.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ambev SA (ABEV) report earnings?

Ambev SA (ABEV) is schdueled to report earning on Feb 26, 2026, Before Open (Confirmed).

What is Ambev SA (ABEV) earnings time?

Ambev SA (ABEV) earnings time is at Feb 26, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ABEV EPS forecast?

ABEV EPS forecast for the fiscal quarter 2025 (Q4) is 0.05.

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