Quarterly ResultMay 5, 2026, 06:23 AM
Ambev Q1 Net Revenue +8.1%; Normalized EBITDA +10.1%
AI Summary
Ambev reported a solid start to 2026 with Q1 organic net revenue increasing by 8.1% and organic Normalized EBITDA growing by 10.1%, reaching R$ 7,555.0 million. The company achieved positive beer volumes and margin expansion, driven by growth in Central America and the Caribbean and Brazil Beer. Operating cash flow surged by 162.5% to R$ 3,160.9 million, and the Board approved a new R$ 700 million Interest on Capital distribution.
Key Highlights
- Organic Net Revenue increased by 8.1% year-over-year to R$ 22,464.5 million.
- Organic Normalized EBITDA grew by 10.1% year-over-year to R$ 7,555.0 million.
- Normalized EBITDA margin expanded by 60 basis points to 33.6%.
- Cash flow from operating activities surged 162.5% to R$ 3,160.9 million.
- Board approved a new R$ 700 million Interest on Capital distribution by December 2026.
- Brazil Beer volume grew 1.2% and Normalized EBITDA increased 7.6%.
- Central America and the Caribbean (CAC) volume increased 7.7% and Normalized EBITDA grew 13.6%.
- BEES Marketplace GMV grew by 59%, driven by third-party partnerships.
Price Impact
More from ABEV