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Thursday, October 29, 2026

Ambev Non-GAAP EPS of R$0.28, revenue of R$21.59B; approves R$2.9B share buyback program

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  • Ambev press release (ABEV): Q3 Non-GAAP EPS of R$0.28.
  • Revenue of R$21.59B (+3.5% Y/Y).
  • Consolidated volumes increased 0.8% in 3Q26.
  • Normalized EBITDA grew by 8.9%, with all our business units delivering Normalized EBITDA growth. Normalized EBITDA margin increased by 40 bps, to 33.7%, supported by disciplined resource allocation.
  • Cash flow from operating activities increased 11.0% compared to R$ 6,919.0 million in 3Q25.
  • "Our Board of Directors has approved a share buyback program for the repurchase of up to 190M shares (which correspond to R$ 2.9 billion, based on the closing share price of October 28th, 2026) to be executed within the next 18 months.

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