Ambev Q4 EPS In-Line, Revenue Surges Ahead of Expectations, Initiates FY26 Outlook

Ambev reported Q4 Non-GAAP EPS of R$0.28 in-line and revenue of R$24.81B, beating estimates by R$210M. Consolidated volumes declined by 3.6%, while Normalized EBITDA grew by 1.3%. Cash flow from operating activities declined by 23.2%. The company initiated its FY26 outlook, but details were not provided.