Ambev revenue and financials
Secondary listing. The primary listing is Ambev · B3 (BRL)
$3.25Change from previous close: +8.70%Absolute change: +$0.26
In the fiscal year ended December 2025, Ambev reported revenue of R$88.24B (−1.35% year over year). Net income was R$15.5B, a net margin of 17.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −1.35%
- 2025 vs 2024
- Net income growth
- +7.39%
- 2025 vs 2024
- Net margin
- 17.6%
- 2024: 16.1%
Financial data
Amounts in millions of BRL; per-share values in BRL; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 145,087 | 162,508 | 132,644 | 137,958 | 138,603 | 125,196 | 101,743 | 95,714 | 88,411 | 88,766 |
| Current assets | 43,876 | 54,156 | 36,563 | 37,817 | 38,627 | 35,342 | 27,621 | 25,330 | 24,363 | 24,718 |
| Cash and equivalents | 18,638 | 28,596 | 16,059 | 14,926 | 16,628 | 17,090 | 11,901 | 11,464 | 10,355 | 10,355 |
| Short-term investments | 14.3 | 71.5 | 277 | 455 | — | — | — | — | — | — |
| Receivables | 9,975 | 9,852 | 9,177 | 8,203 | 7,404 | — | — | — | — | — |
| Inventory | 10,520 | 11,690 | 9,619 | 12,923 | 11,000 | — | — | — | — | — |
| Net property, plant and equipment | 27,644 | 30,170 | 26,630 | 30,056 | 29,224 | — | — | — | — | — |
| Goodwill | 41,538 | 44,343 | 38,004 | 40,594 | 42,411 | 40,024 | 35,010 | 34,276 | 31,402 | 31,402 |
| Other intangible assets | 11,043 | 12,531 | 10,042 | 9,222 | 8,689 | — | — | — | — | — |
| Long-term investments | 609 | 580 | 531 | 551 | 498 | — | — | — | — | — |
| Current liabilities | 45,599 | 49,389 | 41,005 | 40,540 | 38,866 | 33,478 | 25,011 | 25,209 | 29,067 | 28,689 |
| Accounts payable | 23,743 | 25,224 | 23,195 | 24,329 | 25,078 | — | — | — | — | — |
| Long-term debt | 3,387 | 3,453 | 391 | 43,125 | 42,077 | 37,146 | 28,652 | 4,104 | — | 2,553 |
| Total debt | 3,387 | 3,453 | 3,501 | 3,845 | — | — | — | — | — | — |
| Total liabilities | 56,312 | 62,928 | 52,501 | 54,630 | 54,585 | 50,045 | 39,187 | 38,260 | 40,847 | 38,869 |
| Total equity (incl. minority) | 88,775 | 99,581 | 80,144 | 83,328 | 84,018 | — | — | — | — | — |
| Retained earnings | 54,222 | 53,637 | 43,190 | 36,907 | 31,192 | — | — | — | — | — |
| Minority interest | 861 | 938 | 1,175 | 1,372 | 1,375 | — | — | — | — | — |