Brazil's Ambev posts lower Q4 results, still beats forecasts

Ambev SA

12/02/2026 08:21

SAO PAULO, Feb 12 (Reuters) - Brazilian brewer Ambev ABEV3.SA on Thursday reported a fourth-quarter net profit of 4.53 billion reais  ($873.98 million) down 9.9% from a year earlier but above the 4.17 billion expected by analysts polled by LSEG.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) came in at 8.85 billion, shrinking 8% from a year earlier, but also beating estimates of  8.47 billion reais.

The brewer reported fourth‑quarter net revenue of 24.81 billion reais, an 8.2% drop from a year earlier and topping analysts' forecast of 24.59 billion reais.

($1 = 5.1832 reais)

 (Reporting by Isabel Teles)

 ((isabel.teles@thomsonreuters.com; +55 11 91033 3602))