Brazil: Ambev reports strong start to 2025

Brazil’s leading brewer Ambev S.A. reported a strong start to 2025, with first-quarter results showing a 0.7% increase in consolidated volumes and a 6.7% rise in net revenue.

The company achieved double-digit growth in normalized EBITDA, driven by strategic initiatives in brand building, digitalization, and operational efficiency.

Despite challenges in Central America, the Caribbean, and Canada, Ambev’s performance was bolstered by growth in Brazil and Latin America South, as well as successful Carnival festivities.

On May 7, 2025, Ambev’s Board approved an intermediary dividend distribution of approximately R$ 2 billion, reflecting confidence in its financial health and commitment to shareholder returns.