Ambev S.A. (ABEV) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	88.3B	88.2B	89.5B	79.7B	79.7B
Cost of Revenue	42.5B	42.9B	43.6B	39.3B	40.4B
Gross Profit	45.8B	45.4B	45.8B	40.4B	39.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	25.1B	25.1B	26.4B	23.4B	24.0B
General & Admin Expense	5.7B	5.9B	6.2B	5.3B	5.2B
Selling & Marketing Expense	19.4B	19.3B	20.2B	18.2B	18.7B
Other Expenses	(3.6B)	(2.1B)	(2.4B)	(1.8B)	(2.4B)
Total Operating Expenses	21.5B	23.1B	24.0B	21.6B	21.6B
Cost and Expenses	63.9B	65.9B	67.7B	60.9B	62.0B
Operating Income (EBIT)	24.3B	22.3B	21.8B	18.8B	17.7B
Non-Operating
Interest Income	1.6B	1.4B	1.6B	417.6M	419.7M
Interest Expense	2.7B	2.7B	2.4B	578.4M	596.1M
Net Interest Income	(1.1B)	(1.3B)	(774.3M)	(160.9M)	(176.4M)
Other Non-Op Income/Expense	(3.9B)	(2.9B)	(2.3B)	(3.8B)	(3.5B)
Non-Operating Income (excl Interest)	1.2B	180.2M	(83.8M)	979.4M	559.4M
EBT (Pre-Tax Income)	20.4B	19.4B	19.5B	15.0B	14.2B
Income Tax Expense	3.7B	3.4B	4.6B	75.5M	(655.6M)
Bottom Line
Net Income	16.2B	15.5B	14.4B	14.5B	14.5B
Earnings from Cont. Ops	16.8B	16.0B	14.8B	15.0B	14.9B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	16.2B	15.5B	14.4B	14.5B	14.5B
Per Share
Basic EPS	$1.04	$0.99	$0.92	$0.92	$0.92
Diluted EPS	$1.04	$0.99	$0.91	$0.92	$0.91
Revenue Per Share	$5.69	$5.65	$5.66	$5.03	$5.06
Shares
Basic Shares Outstanding	15.5B	15.6B	15.8B	15.8B	15.7B
Diluted Shares Outstanding	15.6B	15.7B	15.8B	15.8B	15.8B
Profitability Metrics
EBITDA	29.7B	29.0B	29.0B	24.3B	23.1B
D&A	6.6B	6.8B	7.1B	6.4B	6.0B
EBIT	23.1B	22.1B	21.9B	17.9B	17.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026