The earnings call highlights a strong performance in EBITDA growth, digital ecosystem success, and cost efficiency, alongside challenges in volume decline, particularly in the Brazil Beer segment, and increased financial expenses. Despite the lowlights, the overall sentiment remains positive due to significant achievements and strategic growth in premium segments and digital platforms.

Company Guidance -

Q3 2025

During Ambev's 2025 second-quarter earnings call, CEO Carlos Lisboa and CFO Guilherme Fleury highlighted several key metrics demonstrating the company's performance. Ambev reported a high single-digit organic EBITDA increase with a 110 basis point margin expansion, despite a decline in industry volumes due to adverse weather conditions. Year-to-date, top-line growth was mid-single digits, while EBITDA grew double digits with a 160 basis point margin expansion. Earnings per share (EPS) rose by 6.5%, and cash flow from operating activities increased by 4%. The Board approved an additional BRL 2 billion dividend payout, totaling BRL 6 billion for the year. In Brazil, beer volumes declined by 9%, influenced by unfavorable weather, yet Premium and super Premium brands achieved mid-teens growth. The company also saw success in digitizing its ecosystem, with Bees Marketplace achieving a 90% GMV growth, reaching an annualized BRL 7.4 billion. Zé Delivery, the direct-to-consumer platform, saw a 7% increase in GMV. Overall, Ambev's diversified geographic footprint and strategic initiatives contributed to its best second-quarter EBITDA growth in years.

EBITDA Growth and Margin Expansion

Ambev reported a high single-digit organic EBITDA increase with 110 basis points of margin expansion, and on a year-to-date basis, EBITDA grew double digits with 160 basis points of margin expansion.

Premium and Super Premium Brands Performance

Premium and super Premium brands delivered low teens growth, expanding in 7 out of the top 10 markets of Ambev.

Digital Ecosystem Success

Bees Marketplace showed strong growth with GMV growing in the 90s, reaching an annualized amount of BRL 7.4 billion. Zé Delivery achieved a 7% increase in GMV, supported by an 11% rise in average order value.

Cost Efficiency Achievements

Ambev's focus on cost efficiency more than offset non-commodity cost inflation, representing savings of over BRL 500 million in the quarter.

Dividend Payout

The Board of Directors approved another intermediary dividend payout of BRL 2 billion, totaling BRL 6 billion declared this year.

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

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ABEV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.04 / -	0.038	―	―	―
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)
Aug 03, 2023	2023 (Q2)	0.03 / 0.03	0.036	-8.33% (>-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
Aug 01, 2025	$2.18	$2.18	0.00%
May 08, 2025	$2.48	$2.51	+1.21%
Feb 26, 2025	$1.86	$1.95	+4.84%
Oct 31, 2024	$2.12	$2.03	-4.25%

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 Oct 30, 2025, Before Open (Confirmed).

What is Ambev SA (ABEV) earnings time?

Ambev SA (ABEV) earnings time is at Oct 30, 2025, 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 (Q3) is 0.04.

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