Ambev S.A. filings document the reporting cycle of a Brazilian foreign private issuer with NYSE ADRs and B3-listed common shares. Form 20-F reports cover audited financial statements and annual business disclosure, while Form 6-K submissions furnish interim consolidated financial statements, quarterly operating results and current reports under Exchange Act rules for foreign issuers.
The filing record also covers beverage segment performance in Brazil Beer, Brazil NAB, Latin America South, Central America and the Caribbean, and Canada; capital allocation through interest on capital; treasury share activity; management and related-person securities transactions under Brazilian CVM rules; shareholder-meeting voting maps; board resolutions; committee matters; compensation; and other governance disclosures.
Ambev S.A. provides a distance voting bulletin for its Ordinary Shareholders’ Meeting scheduled for April 30, 2026. Shareholders can vote remotely on approving the managers’ accounts and financial statements for the fiscal year ended December 31, 2025, and on allocating net profit for 2025, including re-ratifying certain 2024 profit allocations as described in the Management Proposal.
The bulletin also covers setting the Board of Directors at 9 effective members and 2 alternates, requesting a multiple voting process for the board election, electing a Fiscal Council member from minority shareholder nominees, and determining overall compensation for managers and Fiscal Council members for the 2026 fiscal year. It explains how to submit votes electronically or by email and sets deadlines of April 26, 2026 for receipt of bulletins by the company and April 28, 2026 for changing to in-person participation via the digital platform.
Ambev S.A. calls ordinary and extraordinary shareholder meetings for April 30, 2026 and outlines 2025 results, profit allocation, governance changes and compensation proposals.
For 2025, net revenue was R$ 88.24 billion, down 1.4%, while net income rose 7.7% to R$ 15.99 billion, helped by a lower effective tax rate and a R$ 862 million gain on the sale of a CAC-region subsidiary. Adjusted EBITDA reached R$ 29.51 billion with a 33.4% margin, and leverage remained low with net debt/EBITDA of -0.57.
Management proposes distributing R$ 17.40 billion in dividends and interest on capital (gross), equal to R$ 1.0737 per share considering net IOC, representing about 70% of 2025 net profit. They also propose retaining R$ 7.08 billion in earnings mainly for the investment reserve, slightly reducing prior-year reserve allocations, and cutting the 2026 management compensation cap to up to R$ 162.18 million.
Planned bylaw changes would simplify the executive officer structure, clarify how interim dividends and interest on equity count toward mandatory dividends, and renumber articles. The filing also details modest debt of R$ 3.39 billion with staggered maturities, 2025 capex of R$ 4.59 billion across all regions, and progress on digital platforms and gender pay metrics, including female total compensation at 90–100% of male levels depending on hierarchy.
Ambev S.A. is convening combined annual ordinary and extraordinary shareholders’ meetings on April 30, 2026, at 2:00 p.m., to be held exclusively in digital format via the Ten Meetings platform. Shareholders can participate live or vote beforehand using a distance voting bulletin.
The ordinary meeting will address 2025 financial statements, allocation of 2025 net profits, re-ratification of part of 2024 profit allocation, board and fiscal council elections, and approval of 2026 compensation for management and the fiscal council. The extraordinary meeting will consider bylaw amendments affecting capital wording, the framework of executive officers, dividend provisions, and bylaw renumbering and consolidation.
Ambev S.A. is calling its annual ordinary and extraordinary shareholder meetings for April 30, 2026, at 2:00 p.m., to be held exclusively in digital form via the Ten Meetings platform. Only shareholders or representatives duly accredited through the platform may participate. Distance voting ballots can be submitted through Banco Bradesco, custody agents, the B3 “Investor Area” system, or directly to the company, following CVM Resolution 81/22 and the company’s manual. Participants must join the digital meetings by 1:59 p.m. Brasília time on the meeting date.
Ambev S.A. approved a small capital increase after beneficiaries exercised stock options under its 2026 stock option program, part of the Stock Option Plan first approved on July 30, 2013. The Board authorized the issuance of 2,026,133 new common shares with no par value.
The capital increase amounts to BRL 33,127,274.55, bringing total capital stock to BRL 58,308,213,544.96. The company reports potential dilution of 0.012855% based on the number of shares and 0.056846% relative to capital stock, indicating a very limited impact on existing shareholders.
Ambev S.A. outlined major shareholder matters, including how it plans to allocate net profit for 2025, management pay for 2026, bylaw changes, and a small capital increase from stock options. The proposals will be submitted at the April 30, 2026 digital shareholders’ meetings.
For 2025, Ambev reports net profits of R$ 15,503,399,889.90, with R$ 228,202,821.12 to the Tax Incentives Reserve, R$ 10,903,280,319.95 as interest on own capital, and R$ 6,854,843,618.36 to the Investments Reserve. The Board also proposes maximum 2026 compensation of up to R$ 162,176,731.00 for management and R$ 2,471,314.00 for the Fiscal Council.
The Board approved a capital increase from the Stock Option Plan, issuing 2,026,133 new common shares for R$ 33,127,274.55, raising capital stock from R$ 58,275,086,270.41 to R$ 58,308,213,544.96, now divided into 15,763,664,889 common shares with no par value.
AMBEV S.A. officer Malik Parente Guilherme reported an open-market sale of 20,971 common shares at a weighted average price of $2.76 per share on March 24, 2026. The shares were sold in multiple trades between $2.76 and $2.81. After this transaction, he directly holds 26,727 common shares.
AMBEV S.A. filed an initial insider ownership report for director Tadeu Almeida Cabral de Soares Ricardo. This Form 3 establishes his status as a board member and shows no reported purchases, sales, option exercises, gifts, or other insider stock transactions in this filing.
AMBEV S.A. officer Paulo Andre Zagman filed an initial Form 3 reporting his existing equity interests in the company. He holds common shares directly, including 332,071 common shares, along with several blocks of restricted shares that each represent a right to receive one common share minus withholding taxes.
The restricted shares relate to multiple incentive awards that vest on future dates, including December 1, 2026, March 1, 2027, December 1, 2027, December 14, 2027, February 28, 2028, and December 1, 2028. He also reports stock options over common shares at exercise prices such as 3.26, 3.91, 3.22, and 3.43 per share, with expirations between December 2026 and December 2029. The filing records his current holdings and does not show any new purchases or sales.
AMBEV S.A. executive Carla Smith de Vasconcellos Crippa Prado filed an initial Form 3 reporting her equity holdings. She directly owns 130,203 common shares and multiple tranches of restricted shares that each represent rights to receive one common share, scheduled to vest between December 2026 and December 2028. She also holds several stock option grants on common shares, with exercise prices ranging from about $3.11 to $3.91 per share and expiration dates from late 2026 through 2029, showing a mix of current ownership and longer-term incentive awards.