greeksoup/ stocks
Stocks / Foreign companies / ABEV · Beverages

Ambev S.A. (ABEV)

Ambev S.A. files a 20-F with the SEC once a year, in Brazilian reais. In the year to 31 December 2025 it reported revenue of BRL 88,242 million, down 1.4% on the year before. Its profit attributable to shareholders was BRL 15,503 million, up 7.4%, and diluted earnings per share BRL 0.99.

Earnings per share are per ordinary share, in Brazilian reais. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on ABEV

Planned insider sales1 Form 144 notice in twelve months, $1.5 million; latest 30 July 2026
Options tapeput/call 4.94 by open interest on 26 September 2026; the straddle prices a 15.5% move to 16 October 2026
Holders8 of the followed funds hold it; largest Renaissance Technologies; 0 Schedule 13D or 13G filings in twelve months
Congress0 House trades disclosed in six months
Short interest141.9 million shares short, 5.56 days to cover at 15 September 2026

Profit and loss, 11 fiscal years

Year toDec 2025Dec 2024*Dec 2023*Dec 2022*Dec 2021*Dec 2020Dec 2019*Dec 2018*Dec 2017*Dec 2016Dec 2015
Revenue88,24289,45379,73779,70972,85458,37952,00550,23147,89945,60346,720
Cost of sales42,86443,61539,29240,42235,66027,06621,67819,24918,02816,67816,061
Gross profit45,37845,83840,44539,28737,19531,31330,32730,98229,87128,92530,659
Operating profit23,31821,80218,83117,68817,08015,97216,07517,15116,55217,10518,778
Finance costs4,4114,0284,9197,1415,4285,4304,7484,6844,4144,5983,562
Profit before tax19,42219,48715,03614,23613,75913,49412,94313,12212,83513,39816,513
Income taxn/an/a-75.5656-6371,7627551,7745,0483153,634
Profit for the year15,98814,84714,96014,89113,12311,73212,18811,3487,78813,08312,879
Profit attributable to shareholders15,50314,43714,50214,45812,67111,37911,78010,9957,26912,54712,424

BRL million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. A year marked * shows the figure as the company restated it in a later annual report (Dec 2017, Dec 2018, Dec 2019, Dec 2021, Dec 2022, Dec 2023, Dec 2024); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year toDec 2025Dec 2024*Dec 2023*Dec 2022*Dec 2021*Dec 2020Dec 2019*Dec 2018*Dec 2017*Dec 2016Dec 2015
Diluted EPS0.990.910.920.910.800.720.740.690.460.790.79
Basic EPS0.990.920.920.920.810.720.750.700.460.800.79

BRL per ordinary share, as filed.

Cash flow

Year toDec 2025Dec 2024*Dec 2023*Dec 2022*Dec 2021*Dec 2020Dec 2019*Dec 2018*Dec 2017*Dec 2016Dec 2015
Cash from operations24,45026,09924,71120,64222,90118,85618,38118,34618,26112,34423,581
Purchase of property, plant and equipment4,5904,7496,0046,5337,6774,6935,0693,5713,2044,0355,382
Free cash flow19,86021,35018,70714,10915,22414,16313,31214,77515,0578,30918,199
Dividends paidn/an/a5443572,6491,6893962,7624,0446,0072,613

BRL million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year toDec 2025Dec 2024*Dec 2023*Dec 2022*Dec 2021*Dec 2020Dec 2019*Dec 2018*Dec 2017*Dec 2016Dec 2015
Total assets145,087162,508132,644137,958138,602125,196101,74395,71488,76683,84190,176
Equity attributable to shareholders87,91498,64278,96981,95682,64373,81661,27856,24846,00944,82550,334
Cash and cash equivalents18,63828,59616,05914,92616,62817,09011,90111,46410,3547,877n/a
Borrowings, as filed3,3873,453n/a43,12542,07737,14628,6524,1042,553n/an/a
Trade and other receivables6,3526,2705,7425,3494,7924,3034,4964,8794,9454,368n/a
Inventories10,52011,6909,61912,92311,0007,6065,9795,4024,3194,347n/a
Goodwill41,53844,34338,00440,59442,41140,02435,01034,27631,40230,51130,953

BRL million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2025Dec 2024*Dec 2023*Dec 2022*Dec 2021*Dec 2020Dec 2019*Dec 2018*Dec 2017*Dec 2016Dec 2015
Gross margin51.4%51.2%50.7%49.3%51.1%53.6%58.3%61.7%62.4%63.4%65.6%
Operating margin26.4%24.4%23.6%22.2%23.4%27.4%30.9%34.1%34.6%37.5%40.2%
Net margin17.6%16.1%18.2%18.1%17.4%19.5%22.7%21.9%15.2%27.5%26.6%
Free cash flow margin22.5%23.9%23.5%17.7%20.9%24.3%25.6%29.4%31.4%18.2%39.0%
Return on year-end equity17.6%14.6%18.4%17.6%15.3%15.4%19.2%19.5%15.8%28.0%24.7%
Effective tax raten/an/a-0.5%4.6%-4.6%13.1%5.8%13.5%39.3%2.4%22.0%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 20253 March 2026EDGAR
20-F31 December 202412 March 2025EDGAR
20-F31 December 202311 March 2024EDGAR
20-F31 December 202217 March 2023EDGAR
20-F31 December 202118 March 2022EDGAR
20-F31 December 202022 March 2021EDGAR
20-F31 December 201924 March 2020EDGAR
20-F31 December 201822 March 2019EDGAR
20-F31 December 201719 March 2018EDGAR
20-F/A31 December 201631 May 2017EDGAR
20-F31 December 201622 March 2017EDGAR
20-F31 December 201514 March 2016EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install