Ambev Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	17,992	18,638	28,596	16,059	14,926	16,628
Short-Term Investments	-	14.3	71.51	-	-	-
Trading Asset Securities	1,649	1,667	1,170	277.16	454.5	1,915
Cash & Short-Term Investments	19,641	20,320	29,838	16,336	15,381	18,542
Cash Growth	-3.30%	-31.90%	82.65%	6.21%	-17.05%	-1.32%
Accounts Receivable	5,931	6,352	6,270	5,741	5,349	4,792
Other Receivables	2,897	3,623	3,582	3,436	2,853	2,613
Receivables	8,828	9,975	9,852	9,177	8,203	7,404
Inventory	10,399	10,520	11,690	9,619	12,923	11,000
Other Current Assets	3,966	3,061	2,776	1,431	1,310	1,680
Total Current Assets	42,833	43,876	54,156	36,563	37,817	38,627
Property, Plant & Equipment	26,388	27,644	30,170	26,630	30,056	29,224
Long-Term Investments	1,169	609.05	579.85	531.23	550.99	498.06
Goodwill	40,856	41,538	44,343	38,004	40,594	42,411
Other Intangible Assets	11,014	11,043	12,531	10,042	9,222	8,689
Long-Term Deferred Tax Assets	8,374	8,404	8,692	7,970	6,439	4,728
Other Long-Term Assets	12,127	11,973	12,037	12,905	13,280	14,425
Total Assets	142,761	145,087	162,508	132,644	137,958	138,602
Accounts Payable	22,207	23,743	25,224	23,195	24,329	25,078
Accrued Expenses	6,013	8,204	8,428	8,365	8,149	7,025
Short-Term Debt	-	-	-	-	74.34	30.51
Current Portion of Long-Term Debt	144.2	154.34	163.63	151.21	198.96	194.08
Current Portion of Leases	960.11	1,013	1,113	1,147	783.61	653.04
Current Income Taxes Payable	1,590	1,437	1,942	1,340	1,119	1,491
Other Current Liabilities	10,749	11,048	12,519	6,806	5,888	4,394
Total Current Liabilities	41,664	45,599	49,389	41,005	40,541	38,866
Long-Term Debt	234.23	256.94	324.03	391.03	454.36	267.14
Long-Term Leases	1,767	1,963	1,852	1,812	2,334	1,986
Pension & Post-Retirement Benefits	1,849	2,013	2,237	2,012	2,161	3,194
Long-Term Deferred Tax Liabilities	4,067	3,912	5,008	3,318	3,726	3,214
Other Long-Term Liabilities	2,355	2,569	4,118	3,962	5,415	7,057
Total Liabilities	51,937	56,312	62,927	52,500	54,630	54,585
Common Stock	58,308	58,275	58,226	58,178	58,131	58,042
Additional Paid-In Capital	53,663	53,663	53,663	53,663	53,663	53,663
Retained Earnings	58,534	54,222	53,637	43,190	36,907	31,192
Treasury Stock	-3,274	-2,948	-1,333	-1,012	-1,074	-1,038
Comprehensive Income & Other	-77,105	-75,298	-65,551	-75,049	-65,671	-59,216
Total Common Equity	90,126	87,914	98,642	78,969	81,956	82,643
Minority Interest	697.87	860.74	938.38	1,175	1,372	1,375
Shareholders' Equity	90,824	88,775	99,581	80,144	83,328	84,018
Total Liabilities & Equity	142,761	145,087	162,508	132,644	137,958	138,602
Total Debt	3,106	3,387	3,453	3,501	3,845	3,131
Net Cash (Debt)	16,535	16,933	26,385	12,835	11,536	15,411
Net Cash Growth	-3.26%	-35.82%	105.57%	11.26%	-25.15%	10.10%
Net Cash Per Share	1.06	1.08	1.67	0.81	0.73	0.97
Filing Date Shares Outstanding	15,597	15,617	15,728	15,749	15,742	15,739
Total Common Shares Outstanding	15,597	15,617	15,728	15,749	15,742	15,739
Working Capital	1,169	-1,724	4,767	-4,442	-2,724	-239.27
Book Value Per Share	5.78	5.63	6.27	5.01	5.21	5.25
Tangible Book Value	38,256	35,333	41,769	30,924	32,139	31,543
Tangible Book Value Per Share	2.45	2.26	2.66	1.96	2.04	2.00
Land	16,738	16,711	17,205	14,288	14,494	13,540
Machinery	55,658	7,896	7,883	7,074	7,683	7,527
Construction In Progress	1,097	1,850	2,522	2,546	4,350	5,405

Source: S&P Global Market Intelligence. Standard template. Financial Sources.