Ambev Reports Strong Q2 Earnings with Growth Across Key Metrics
Ambev (ABEV) reported strong financial results for Q2 2026, including a normalized EBITDA of BRL 6.4 billion—a growth of 8.9% year-over-year—and an increase in normalized EPS by 24.2%. The company's net revenue rose 6%, driven by effective resource allocation and the FIFA World Cup activation platform. Beer volumes grew mid-single digits, with Brazil beer revenue increasing 9%, supported by market share gains across mainstream and premium segments. Ambev also highlighted a significant increase in balanced choices volume—over 60% globally—and strong performance from Bees Marketplace GMV, which rose approximately 60%. Operating cash flow totaled BRL 7.9 billion for the first half of the year, an 80% improvement compared to last year. Despite some challenges such as a decline in Brazil NAB volumes and logistical disruptions in Bolivia due to social unrest, Ambev maintained its full-year guidance range. The company announced shareholder returns totaling BRL 5.9 billion so far this year, including the execution of most of a share buyback program.
Tickers: $ABEV
Topics: ebitda financial_performance revenue_growth volume_changes