Ambev S.A. (ABEV)

Ambev Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	19,188	18,638	28,596	16,059	14,926	16,628
Short-Term Investments	-	14.3	71.51	-	-	-
Trading Asset Securities	2,726	1,667	1,170	277.16	454.5	1,915
Cash & Short-Term Investments	21,914	20,320	29,838	16,336	15,381	18,542
Cash Growth	10.45%	-31.90%	82.65%	6.21%	-17.05%	-1.32%
Accounts Receivable	6,254	6,352	6,270	5,741	5,349	4,792
Other Receivables	1,681	3,623	3,582	3,436	2,853	2,613
Receivables	7,935	9,975	9,852	9,177	8,203	7,404
Inventory	9,983	10,520	11,690	9,619	12,923	11,000
Other Current Assets	3,321	3,061	2,776	1,431	1,310	1,680
Total Current Assets	43,153	43,876	54,156	36,563	37,817	38,627
Property, Plant & Equipment	25,300	27,644	30,170	26,630	30,056	29,224
Long-Term Investments	1,258	609.05	579.85	531.23	550.99	498.06
Goodwill	40,071	41,538	44,343	38,004	40,594	42,411
Other Intangible Assets	10,427	11,043	12,531	10,042	9,222	8,689
Long-Term Deferred Tax Assets	8,542	8,404	8,692	7,970	6,439	4,728
Other Long-Term Assets	12,825	11,973	12,037	12,905	13,280	14,425
Total Assets	141,575	145,087	162,508	132,644	137,958	138,602

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	21,176	23,743	25,224	23,195	24,329	25,078
Accrued Expenses	6,962	8,204	8,428	8,365	8,149	7,025
Short-Term Debt	-	-	-	-	74.34	30.51
Current Portion of Long-Term Debt	137.6	154.34	163.63	151.21	198.96	194.08
Current Portion of Leases	859.49	1,013	1,113	1,147	783.61	653.04
Current Income Taxes Payable	1,076	1,437	1,942	1,340	1,119	1,491
Other Current Liabilities	10,513	11,048	12,519	6,806	5,888	4,394
Total Current Liabilities	40,725	45,599	49,389	41,005	40,541	38,866
Long-Term Debt	216.06	256.94	324.03	391.03	454.36	267.14
Long-Term Leases	1,502	1,963	1,852	1,812	2,334	1,986
Pension & Post-Retirement Benefits	1,745	2,013	2,237	2,012	2,161	3,194
Long-Term Deferred Tax Liabilities	3,793	3,912	5,008	3,318	3,726	3,214
Other Long-Term Liabilities	2,152	2,569	4,118	3,962	5,415	7,057
Total Liabilities	50,133	56,312	62,927	52,500	54,630	54,585

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	58,308	58,275	58,226	58,178	58,131	58,042
Additional Paid-In Capital	49,567	53,663	53,663	53,663	53,663	53,663
Retained Earnings	65,414	54,222	53,637	43,190	36,907	31,192
Treasury Stock	-2,125	-2,948	-1,333	-1,012	-1,074	-1,038
Comprehensive Income & Other	-80,269	-75,298	-65,551	-75,049	-65,671	-59,216
Total Common Equity	90,896	87,914	98,642	78,969	81,956	82,643
Minority Interest	546.22	860.74	938.38	1,175	1,372	1,375
Shareholders' Equity	91,442	88,775	99,581	80,144	83,328	84,018
Total Liabilities & Equity	141,575	145,087	162,508	132,644	137,958	138,602

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2,715	3,387	3,453	3,501	3,845	3,131
Net Cash (Debt)	19,199	16,933	26,385	12,835	11,536	15,411
Net Cash Growth	13.30%	-35.82%	105.57%	11.26%	-25.15%	10.10%
Net Cash Per Share	1.23	1.08	1.67	0.81	0.73	0.97
Filing Date Shares Outstanding	15,416	15,617	15,728	15,749	15,742	15,739
Total Common Shares Outstanding	15,416	15,617	15,728	15,749	15,742	15,739
Working Capital	2,428	-1,724	4,767	-4,442	-2,724	-239.27
Book Value Per Share	5.90	5.63	6.27	5.01	5.21	5.25
Tangible Book Value	40,399	35,333	41,769	30,924	32,139	31,543
Tangible Book Value Per Share	2.62	2.26	2.66	1.96	2.04	2.00
Land	16,629	16,711	17,205	14,288	14,494	13,540
Machinery	54,899	7,896	7,883	7,074	7,683	7,527
Construction In Progress	1,217	1,850	2,522	2,546	4,350	5,405

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error