Sep 2025 (Q3 FY25) — Oct 30, 2025
Ambev Q3 FY25 — Resilient net revenue/hl (+7%) and cost discipline offset soft Brazil beer volumes
Read the full callAmbev earnings: last reported Thu, 30 Oct 2025, for the quarter ended Sep 2025.
Price
1Y: $2.25 on 17 Oct 2025 → $3.25. High $3.43 (6 May 2026), low $2.18 (29 Oct 2025).
Overview
Call summaries
Ambev Q3 FY25 — Resilient net revenue/hl (+7%) and cost discipline offset soft Brazil beer volumes
Read the full callAmbev Q2 FY25 — Strong Brand Equity and Digital Growth Drive Margin Expansion Amidst Weather Headwinds
Read the full callEvery analysed call
Financials
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 9,858 | 9,749 | 9,635 | 9,797 | 10,334 | 10,820 | 10,175 | 10,280 |
| Fixed assets | 5,575 | 5,617 | 4,769 | 5,245 | 5,685 | 5,488 | 4,878 | 5,047 |
| Total assets | 24,661 | 25,312 | 24,104 | 24,878 | 26,096 | 27,337 | 26,276 | 26,487 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 4,727 | 4,573 | 3,630 | 4,111 | 3,905 | 5,093 | 4,220 | 4,464 |
| Cash from investing | -947 | -1,204 | -1,309 | -1,388 | -947 | -1,188 | -883 | -904 |
| Cash from financing | -3,519 | -3,056 | -1,656 | -2,879 | -3,090 | -3,321 | -1,674 | -4,887 |
| Net cash flow | 261 | 313 | 665 | -157 | -132 | 583 | 1,663 | -1,327 |
| Capital expenditure | -920 | -1,261 | -903 | -1,378 | -1,236 | -1,237 | -768 | -838 |
| Free cash flow | 3,807 | 3,312 | 2,727 | 2,733 | 2,669 | 3,855 | 3,452 | 3,626 |
12 filings between Mar 24, 2026 and Sep 3, 2026.
Purchases
None
No insider bought shares.
Sales
$2.59M
5 sales by 5 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Moreira Ricardo Manuel Frangatos Pires | — | $1.44M | Jul 30, 2026 |
| Zagman Paulo Andre | — | $464.6K | May 5, 2026 |
| Cavalcanti de Lacerda Eduardo Braga | — | $434.3K | Mar 27, 2026 |
| Crippa Prado Carla Smith de Vasconcellos | — | $187.7K | Sep 3, 2026 |
| Malik Parente Guilherme | — | $57.9K | Mar 24, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 3, 2026 | Crippa Prado Carla Smith de Vasconcellos See Remarks | Sale | 60,757 | $187.7K |
| Jul 30, 2026 | Moreira Ricardo Manuel Frangatos Pires Director | Sale | 468,040 | $1.44M |
| May 5, 2026 | Zagman Paulo Andre See Remarks | Sale | 136,250 | $464.6K |
| Mar 30, 2026 | Zagman Paulo Andre See Remarks | Award | 34,714 | $108.0K |
| Mar 30, 2026 | Parolari Guilherme Fleury de Figueiredo Ferraz See Remarks | Award | 44,714 | $139.1K |
| Mar 30, 2026 | Crippa Prado Carla Smith de Vasconcellos See Remarks | Award | 11,261 | $35.0K |
| Mar 30, 2026 | Cavalcanti de Lacerda Eduardo Braga See Remarks | Award | 30,431 | $94.6K |
| Mar 30, 2026 | Malik Parente Guilherme See Remarks | Award | 8,455 | $26.3K |
| Mar 30, 2026 | Klutzenschell Lisboa Carlos Eduardo Chief Executive Officer | Award | 205,372 | $638.7K |
| Mar 30, 2026 | Duarte Valdecir See Remarks | Award | 38,074 | $118.4K |
| Mar 27, 2026 | Cavalcanti de Lacerda Eduardo Braga See Remarks | Sale | 152,386 | $434.3K |
| Mar 24, 2026 | Malik Parente Guilherme See Remarks | Sale | 20,971 | $57.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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