Ambev Reports 2025 Second Quarter Results

SEC Filing 6-K (0001292814-25-002798)

Ambev S.A. reported its second quarter results for 2025, showing a mixed performance across different regions. Consolidated volumes declined by 4.5%, primarily due to soft industries, with Brazil and Central America and the Caribbean (CAC) experiencing significant volume drops. However, Latin America South (LAS) and Canada saw volume growth. Net revenue increased by 3.4% organically, driven by strong revenue management and premiumization. Normalized EBITDA grew by 7.6%, with margin expansion of 110 basis points to 30.6%. Normalized profit increased by 15.2% to R$2,832.7 million, supported by EBITDA growth and lower income tax expenses. Cash flow from operating activities declined by 9.2% due to lower payables. The Board of Directors approved the distribution of intermediary dividends of R$2 billion to be paid in October.