Ambev SA declares R$0.4612 dividend and interest on capital

Ambev S.A. approved an extraordinary balance sheet as of November 30, 2025 to support new shareholder payouts.

Rhea-AI Filing Summary

Ambev S.A. approved an extraordinary balance sheet as of November 30, 2025 to support new shareholder payouts. The board declared dividends of R$0.4612 per share, with R$0.3459 per share counted toward the mandatory minimum dividend for fiscal year 2025 and R$0.1153 per share as additional dividends from the profit reserve. These dividends are scheduled to be paid on December 30, 2025 without income tax withholding.

The board also approved interest on capital of R$0.2690 per share, based on the profit reserve, which will not be used to meet the mandatory minimum dividend and will result in a net payment of R$0.2286 per share by December 31, 2026. Additionally, board member Nelson José Jamel resigned from the board and People Committee effective January 1, 2026, and Ricardo Manuel Frangatos Pires Moreira was elected to the People Committee from that date, while the board seat will remain vacant until the 2026 annual meeting.

Insights

Equity analyst

Ambev announces new cash returns per share and a board change.

Ambev S.A. is combining dividends and interest on capital to return cash to shareholders. The board approved dividends of R$0.4612 per share, split between the mandatory minimum dividend linked to fiscal year 2025 profit and additional dividends funded from the profit reserve. Payment on December 30, 2025 provides a near-term cash benefit to shareholders.

The company also approved interest on capital of R$0.2690 per share, yielding a net amount of R$0.2286 per share after tax, to be paid by December 31, 2026. This structure uses Brazilian tax-efficient distribution mechanisms, but the economic impact depends on the total shares held. On governance, the resignation of board and People Committee member Nelson José Jamel effective January 1, 2026 and the appointment of Ricardo Manuel Frangatos Pires Moreira to the People Committee represent a targeted committee refresh while leaving one board seat open until the 2026 annual meeting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividends did Ambev S.A. (ABEV) approve in December 2025?

Ambev approved dividends of R$0.4612 per share, with R$0.3459 per share allocated to the mandatory minimum dividend for fiscal year 2025 and R$0.1153 per share as additional dividends from the profit reserve, payable on December 30, 2025.

How is the Ambev (ABEV) dividend split between mandatory and additional amounts?

Of the total R$0.4612 per share dividend, R$0.3459 per share will satisfy part of the mandatory minimum dividend for fiscal year 2025, while R$0.1153 per share will be paid as additional dividends from the profit reserve.

When will Ambev (ABEV) pay the approved dividends and is there tax withholding?

The dividend of R$0.4612 per share is scheduled for payment on December 30, 2025, and will be paid without income tax withholding pursuant to applicable law.

What interest on capital did Ambev S.A. (ABEV) announce and when will it be paid?

Ambev approved interest on capital of R$0.2690 per share, based on the profit reserve, resulting in a net distribution of R$0.2286 per share after tax, to be paid by December 31, 2026.

Will Ambeve28099s interest on capital count toward the mandatory minimum dividend for 2025?

No. Because the mandatory minimum dividend amount is already achieved via the dividend described in item 4.2, the approved interest on capital of R$0.2690 per share will not be allocated to the mandatory minimum dividend for fiscal year 2025.

What board and committee changes did Ambev (ABEV) disclose for January 2026?

Board member Nelson Jose9 Jamel resigned from the board and the People Committee effective January 1, 2026. Ricardo Manuel Frangatos Pires Moreira was elected to the People Committee from that date, and the vacated board seat will remain open until the 2026 annual meeting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 12/09/2025 - 05:59 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of December, 2025

Commission File Number 1565025

AMBEV S.A.

(Exact name of registrant as specified in its charter)

AMBEV S.A.

(Translation of Registrant's name into English)

Rua Dr. Renato Paes de Barros, 1017 - 3rd Floor
04530-000 São Paulo, SP
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. 

Yes _______ No ___X____

AMBEV S.A.

CNPJ [National Register of Legal Entities] No. 07.526.557/0001-00

NIRE [Corporate Registration Identification Number] 35.300.368.941

(“Company”)

Extract of the Minutes of the Meeting of the Board of Directors of the Company held on December 9, 2025 drawn up in summary form

1. Date, Time and Venue. On December 9, 2025, at 9:30 a.m., in the Company’s headquarters, located at Rua Dr. Renato Paes de Barros, 1.017, 4th floor, São Paulo/SP, Brazil.

2. Call and Attendance. Call notice duly given pursuant to the Company’s bylaws. Meeting with attendance of Mr. Michel Dimitrios Doukeris, Chairman, and Messrs. Victorio Carlos De Marchi, Fernando Mommensohn Tennenbaum, Nelson José Jamel, Ricardo Manuel Frangatos Pires Moreira, Fabio Colletti Barbosa, Lia Machado de Matos, Luciana Pires Dias, Marcos de Barros Lisboa, Milton Seligman and Fernanda Gemael Hoefel, representing the totality of members of the Board of Officers of the Company (“Board”).

3. Board. Chairman: Michel Dimitrios Doukeris; Secretary: Guilherme Malik Parente.

4. Resolutions: The Directors unanimously and unrestrictedly resolved to:

4.1. Preparation of an Extraordinary Balance Sheet. To approve, pursuant to Section 40, Paragraph 1 of the Company’s Bylaws, the preparation of an extraordinary balance sheet as of November 30, 2025 (“November Balance Sheet”).

4.2. Dividend Distribution. In accordance with the recommendation of the Operations and Finance Committee of the Company, to approve the distribution of dividends in the amount of R$0.4612 per share of the Company, based on the November Balance Sheet. The amount of R$0.3459 per share of the Company will be allocated to the mandatory minimum dividend for fiscal year 2025 and distributed based on the year’s profit; and the amount of R$0.1153 per share of the Company will be paid as additional dividends and distributed based on the profit reserve. The aforementioned payment shall be made on December 30, 2025, without income tax withholding, pursuant to applicable law.

4.2.1. The aforementioned payment shall be made considering the shareholding position of December 18, 2025, with respect to B3 S.A. – Brasil, Bolsa, Balcão, and December 22, 2025, with respect to the New York Stock Exchange – NYSE, without any monetary adjustment. Shares and ADRs shall be traded ex-dividends as of December 19, 2025 (inclusive).

4.3. Distribution of Interest on Capital (IOC). In accordance with the recommendation of the Operations and Finance Committee of the Company, at a meeting held on December 1, 2025, to approve the distribution of interest on capital (“IOC”), based on the profit reserve as determined in the November Balance Sheet, in the amount of R$0.2690 per share of the Company. Considering the achievement of the mandatory minimum amount provided for in item 4.2 above, the IOC amount will not be allocated to the mandatory minimum dividend for fiscal year 2025. The aforementioned payment shall be made by December 31, 2026, and taxed pursuant to the applicable law, which shall result in a net IOC distribution of R$0.2286 per share of the Company.

4.3.1. The aforementioned payment shall be made considering the shareholding position as of December 18, 2025, with respect to B3 S.A. – Brasil, Bolsa, Balcão, and December 22, 2025, with respect to the New York Stock Exchange – NYSE, without any monetary adjustment. Shares and ADRs shall be traded ex-IOC as of December 19, 2025 (inclusive).

4.4. Resignation of Board Member. The members of the Board acknowledged the resignation request submitted by Mr. Nelson José Jamel from his position as a member of the Board and as a member of the People Committee of the Company, to be effective from January 1, 2026. The position on the Board of Directors of the Company will remain vacant until the Annual Meeting to be held in 2026.

4.5. Election of New Member of the People Committee. In accordance with the recommendation of the People Committee of the Company at a meeting held on December 2, 2025, approve the proposal to elect Mr. Ricardo Manuel Frangatos Pires Moreira as a member of the People Committee, replacing Mr. Nelson José Jamel, effective January 1, 2026.

5. Close. With no further matters to be discussed, the present Minutes were drawn up and duly executed.

São Paulo, December 9, 2025

/s/ Michel Dimitrios Doukeris	/s/ Victorio Carlos De Marchi
/s/ Fernando Mommensohn Tennenbaum	/s/ Nelson José Jamel
/s/ Ricardo Manuel Frangatos Pires Moreira /s/ Lia Machado de Matos /s/ Marcos de Barros Lisboa /s/ Fernanda Gemael Hoefel	/s/ Fabio Colletti Barbosa /s/ Luciana Pires Dias /s/ Milton Seligman /s/ Guilherme Malik Parente Secretary

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 9, 2025

	AMBEV S.A.
	By:	/s/ Guilherme Fleury de Figueiredo Ferraz Parolari
		Guilherme Fleury de Figueiredo Ferraz Parolari Chief Financial and Investor Relations Officer