Ambev S.A. (ABEV)

Ambev Balance Sheet

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

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q4 2020
Period Ending	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Dec 31, 2020
Cash & Equivalents	17,992	18,638	18,309	16,404	19,118	28,596	19,784	14,154	12,845	16,059	17,414	12,117	12,214	14,926	17,713	14,129	12,888	16,628	16,628	17,090
Short-Term Investments	1,649	1,805	1,631	1,121	1,192	1,427	1,155	1,187	1,077	519.4	227.16	560.34	365.28	673.6	1,347	1,536	1,553	2,108	2,108	1,914
Cash & Short-Term Investments	19,641	20,443	19,940	17,525	20,310	30,022	20,939	15,342	13,922	16,578	17,641	12,677	12,579	15,600	19,060	15,665	14,441	18,735	18,735	19,004
Cash Growth	-3.30%	-31.91%	-4.77%	14.23%	45.89%	81.09%	18.69%	21.02%	10.67%	6.27%	-7.44%	-19.07%	-12.89%	-16.73%	1.73%	-17.57%	-24.01%	-	-	-
Accounts Receivable	5,931	6,352	5,592	5,087	5,631	6,270	6,088	5,884	5,261	5,742	5,524	4,878	9,766	5,349	5,387	4,771	4,384	4,792	4,792	4,303
Inventory	10,399	10,520	10,472	11,352	12,248	11,690	11,093	11,426	10,698	9,619	10,819	12,055	13,031	12,923	12,495	12,588	11,426	11,000	11,000	7,606
Other Current Assets	6,863	18,627	17,531	6,829	5,362	18,325	4,553	5,665	4,794	17,714	3,569	17,486	5,074	17,387	4,615	5,215	18,340	18,690	18,690	16,979
Total Current Assets	42,833	43,496	41,940	40,792	43,551	54,156	42,673	38,316	34,675	36,563	37,553	34,324	35,379	37,817	41,557	38,239	34,480	38,627	38,627	35,342
Net Property, Plant & Equipment	26,388	27,644	26,399	27,479	28,487	30,170	28,768	29,019	27,626	26,630	28,925	29,285	29,791	30,056	29,927	29,387	27,494	29,224	29,224	24,768
Other Intangible Assets	11,014	11,043	10,798	11,358	11,845	12,531	11,552	11,618	10,700	10,042	9,465	9,141	49,435	9,222	9,176	8,553	7,732	8,689	8,689	7,581
Goodwill	40,856	41,538	40,510	41,680	42,423	44,343	41,893	42,092	39,368	38,004	39,769	39,320	40,184	40,594	41,632	41,328	39,193	42,411	42,411	40,024
Long-Term Investments	1,169	485.8	345.56	462.61	555.8	395.4	576.02	576.35	540.81	289.1	553.14	329.45	588.83	331.9	551.29	538.77	276.3	305.2	305.2	337.4
Other Long-Term Assets	20,501	8,434	9,167	20,386	20,437	8,762	21,824	21,817	20,907	8,027	21,649	8,123	20,274	10,221	19,221	18,588	4,113	7,970	7,970	7,638
Total Assets	142,761	145,087	140,755	142,158	147,299	162,508	147,286	143,439	133,817	132,644	137,914	133,294	135,467	137,958	142,064	136,633	127,400	138,603	138,603	125,196
Accounts Payable	22,207	24,056	19,694	19,883	22,591	25,551	21,072	20,760	21,848	23,502	18,223	19,021	20,618	24,838	21,313	21,182	22,513	25,695	25,695	19,995
Accrued Expenses	7,604	11,014	9,117	7,340	8,028	12,340	8,223	7,485	6,846	11,706	7,809	8,811	7,647	11,537	7,070	6,428	8,947	10,907	10,907	7,327
Short-Term Debt	-	-	1.55	-	-	-	-	-	-	-	1.43	103.95	157.09	74.3	438.79	518.58	91.46	30.5	30.5	-
Current Portion of Long-Term Debt	1,104	3,387	2,895	1,101	1,121	3,453	1,211	1,245	1,647	3,501	1,236	2,672	2,276	982.6	761.51	894.36	2,170	847.1	847.1	2,054
Other Current Liabilities	10,749	11,930	10,367	8,549	7,604	14,339	5,168	5,129	4,570	8,461	6,577	9,293	13,711	8,524	5,396	4,875	7,001	8,443	8,443	9,431
Total Current Liabilities	41,664	45,599	36,577	36,872	39,344	49,389	35,673	34,618	34,912	41,005	33,846	34,122	35,632	40,540	34,980	33,898	33,179	38,866	38,866	33,478
Long-Term Debt	2,001	-	-	2,057	2,098	-	2,169	2,211	2,171	-	2,482	1,320	5,191	2,788	2,219	2,302	815.86	2,254	2,254	2,739
Other Long-Term Liabilities	8,272	5,925	5,953	10,017	10,382	7,244	10,560	10,574	9,358	5,330	10,025	5,708	18,310	2,161	13,314	12,847	5,665	3,194	3,194	3,544
Total Long-Term Liabilities	10,273	10,713	11,450	12,074	12,480	13,539	12,729	12,785	11,528	11,495	12,507	12,807	13,398	14,090	15,533	15,149	14,024	15,719	15,719	16,567
Total Liabilities	51,937	56,312	48,027	48,947	51,823	62,928	48,402	47,404	46,440	52,501	46,353	46,928	49,030	54,630	50,513	49,046	47,204	54,585	54,585	50,045
Common Stock	58,308	58,275	58,276	58,276	58,275	58,226	58,226	58,226	58,226	58,178	58,178	58,178	58,178	58,131	58,131	58,131	58,131	58,043	58,043	57,899
Additional Paid-in Capital	107,648	108,004	106,907	106,808	107,487	108,973	98,561	98,470	98,695	98,669	92,414	92,382	-	92,247	86,434	86,367	86,346	86,379	86,379	80,906
Accumulated Other Comprehensive Income	-80,142	-78,365	-80,585	-76,937	-74,227	-68,557	-73,481	-72,015	-76,859	-77,878	-74,108	-74,218	-65,648	-68,422	-66,694	-66,355	-69,690	-61,778	-61,778	-64,989
Retained Earnings	4,312	-	7,430	4,325	2,994	-	14,835	10,581	6,533	-	13,771	8,732	4,969	-	12,308	8,120	4,137	-	-	-
Total Common Shareholders' Equity	90,126	87,914	92,027	92,472	94,528	98,642	98,140	95,263	86,594	78,969	90,255	85,075	-2,501	81,956	90,178	86,263	78,923	82,643	82,643	73,816
Minority Interest	697.87	860.7	700.98	739.32	947.62	938.4	743.69	772.58	782.39	1,175	1,306	1,291	1,437	1,372	1,373	1,324	1,273	1,375	1,375	1,336
Shareholders' Equity	90,824	88,775	92,728	93,211	95,476	99,581	98,884	96,035	87,377	80,144	91,561	86,366	86,437	83,328	91,552	87,587	80,196	84,018	84,018	75,151
Total Liabilities & Equity	142,761	145,087	140,755	142,158	147,299	162,508	147,286	143,439	133,817	132,644	137,914	133,294	135,467	137,958	142,064	136,633	127,400	138,603	138,603	125,196
Total Debt	3,106	3,387	2,896	3,158	3,218	3,453	3,380	3,456	3,817	3,501	3,719	4,096	7,624	3,845	3,419	3,715	3,078	3,131	3,131	4,792
Net Cash (Debt)	16,535	17,056	17,044	14,367	17,092	26,570	17,559	11,885	10,104	13,077	13,922	8,581	4,955	11,755	15,641	11,950	11,363	15,604	15,604	14,212
Net Cash Growth	-3.26%	-35.80%	-2.93%	20.88%	69.16%	103.17%	26.12%	38.51%	103.91%	11.25%	-10.99%	-28.19%	-56.39%	-24.67%	0.23%	-15.91%	-20.05%	-	-	-
Net Cash Per Share	1.05	1.09	1.09	0.92	1.09	1.68	1.11	0.75	0.64	0.83	0.88	0.54	0.31	0.74	0.99	0.75	0.72	0.98	0.98	0.90
Book Value	90,126	87,914	92,027	92,472	94,528	98,642	98,140	95,263	86,594	78,969	90,255	85,075	-2,501	81,956	90,178	86,263	78,923	82,643	82,643	73,816
Book Value Per Share	5.75	5.61	5.88	5.90	6.01	6.24	6.21	6.02	5.47	4.99	5.70	5.37	-0.16	5.17	5.69	5.44	4.98	5.21	5.21	4.65
Tangible Book Value	38,256	35,333	40,720	39,433	40,261	41,769	44,695	41,553	36,526	30,924	41,021	36,613	-92,120	32,139	39,370	36,382	31,998	31,543	31,543	26,212
Tangible Book Value Per Share	2.44	2.26	2.60	2.51	2.56	2.64	2.83	2.63	2.31	1.95	2.59	2.31	-5.81	2.03	2.48	2.29	2.02	1.99	1.99	1.65

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q