Brazil's Ambev beats Q3 profit estimates, launches share buyback

Anheuser-Busch Inbev SA

29/10/2026 08:50

SAO PAULO, Oct 29 (Reuters) - Brazilian brewer Ambev ABEV3.SA on Thursday reported a third-quarter net profit of 4.37 billion reais ($817.74 million), down 10.2% from a year earlier but beating the 3.9 billion reais expected by analysts polled by LSEG.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) came in at 7.27 billion reais, up 3% from a year earlier
Analysts had forecast EBITDA to hit 7.48 billion reais
The brewer reported third-quarter net revenue of 21.59 billion reais, up 3.6% from a year earlier but below analysts' forecast of 21.72 billion reais
Ambev said consolidated organic volumes increased 0.8% in the third quarter, driven by growth in its non-alcoholic beverages business in Brazil
In a separate securities filing, the Anheuser-Busch Inbev ABI.BR unit said it had approved a buyback program of up to 190 million shares to be carried out by April 2028
($1 = 5.3440 reais)

 (Reporting by Michael Susin; Writing by Isabel Teles; Editing by Gabriel Araujo)
 ((isabel.teles@thomsonreuters.com; +55 11 91033 3602))