Ambev Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	18,309	28,596	16,059	14,926	16,628	17,090
Short-Term Investments	14.3	71.51	-	-	-	-
Trading Asset Securities	1,517	1,170	277.16	454.5	1,915	1,700
Cash & Short-Term Investments	19,841	29,838	16,336	15,381	18,542	18,790
Cash Growth	-5.24%	82.65%	6.21%	-17.05%	-1.32%	57.70%
Accounts Receivable	5,592	6,270	5,741	5,349	4,792	4,303
Other Receivables	3,287	3,582	3,436	2,853	2,613	3,287
Receivables	8,879	9,852	9,177	8,203	7,404	7,590
Inventory	10,472	11,690	9,619	12,923	11,000	7,606
Other Current Assets	2,749	2,776	1,431	1,310	1,680	1,356
Total Current Assets	41,940	54,156	36,563	37,817	38,627	35,343
Property, Plant & Equipment	26,399	30,170	26,630	30,056	29,224	24,768
Long-Term Investments	445.01	579.85	531.23	550.99	498.06	551.33
Goodwill	40,510	44,343	38,004	40,594	42,411	40,023
Other Intangible Assets	10,798	12,531	10,042	9,222	8,689	7,581
Long-Term Deferred Tax Assets	9,140	8,692	7,970	6,439	4,728	4,561
Other Long-Term Assets	11,523	12,037	12,905	13,280	14,425	12,369
Total Assets	140,755	162,508	132,644	137,958	138,602	125,197
Accounts Payable	19,325	25,224	23,195	24,329	25,078	19,339
Accrued Expenses	6,300	8,428	8,365	8,149	7,025	5,475
Short-Term Debt	1.55	-	-	74.34	30.51	-
Current Portion of Long-Term Debt	166.66	163.63	151.21	198.96	194.08	2,333
Current Portion of Leases	882.48	1,113	1,147	783.61	653.04	406.01
Current Income Taxes Payable	1,397	1,942	1,340	1,119	1,491	1,167
Other Current Liabilities	8,504	12,519	6,806	5,888	4,394	4,758
Total Current Liabilities	36,577	49,389	41,005	40,541	38,866	33,478
Long-Term Debt	264.07	324.03	391.03	454.36	267.14	338.39
Long-Term Leases	1,581	1,852	1,812	2,334	1,986	1,715
Pension & Post-Retirement Benefits	1,936	2,237	2,012	2,161	3,194	3,544
Long-Term Deferred Tax Liabilities	4,017	5,008	3,318	3,726	3,214	3,043
Other Long-Term Liabilities	3,651	4,118	3,962	5,415	7,057	7,927
Total Liabilities	48,027	62,927	52,500	54,630	54,585	50,045
Common Stock	58,276	58,226	58,178	58,131	58,042	57,899
Additional Paid-In Capital	53,663	53,663	53,663	53,663	53,663	53,663
Retained Earnings	60,570	53,637	43,190	36,907	31,192	25,920
Treasury Stock	-3,071	-1,333	-1,012	-1,074	-1,038	-941.64
Comprehensive Income & Other	-77,410	-65,551	-75,049	-65,671	-59,216	-62,725
Total Common Equity	92,027	98,642	78,969	81,956	82,643	73,816
Minority Interest	700.98	938.38	1,175	1,372	1,375	1,335
Shareholders' Equity	92,728	99,581	80,144	83,328	84,018	75,151
Total Liabilities & Equity	140,755	162,508	132,644	137,958	138,602	125,197
Total Debt	2,896	3,453	3,501	3,845	3,131	4,792
Net Cash (Debt)	16,945	26,385	12,835	11,536	15,411	13,998
Net Cash Growth	-3.50%	105.57%	11.26%	-25.15%	10.10%	58.13%
Net Cash Per Share	1.08	1.67	0.81	0.73	0.97	0.88
Filing Date Shares Outstanding	15,592	15,728	15,749	15,742	15,739	15,735
Total Common Shares Outstanding	15,592	15,728	15,749	15,742	15,739	15,735
Working Capital	5,363	4,767	-4,442	-2,724	-239.27	1,865
Book Value Per Share	5.90	6.27	5.01	5.21	5.25	4.69
Tangible Book Value	40,720	41,769	30,924	32,139	31,543	26,212
Tangible Book Value Per Share	2.61	2.66	1.96	2.04	2.00	1.67
Land	16,053	17,205	14,288	14,494	13,540	12,385
Machinery	7,263	7,883	7,074	7,683	7,527	7,219
Construction In Progress	2,461	2,522	2,546	4,350	5,405	2,831

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