Recent Updates — ABEV

The Board of Directors approved a new share repurchase program allowing the acquisition of up to 190,000,000 common shares. The transaction is valued at approximately R$2.9 billion based on the October 28 closing price and represents about 15% of cash and equivalents. Shares will primarily be canceled, with any remaining held in treasury or used for compensation plans. The program runs until April 28, 2028, utilizing capital reserves from the September 30 balance sheet. Ambev operates in the beverage industry.

The Board of Directors approved a share repurchase program authorizing the acquisition of up to 190,000,000 common shares. The primary purpose is the cancellation of these shares, with any remaining shares potentially held in treasury or used for compensation plans. The program remains effective until April 28, 2028, and will be executed through Santander, Ágora, and Goldman Sachs brokers. Ambev S.A. operates in the beverage industry.

Ambev reported third-quarter 2026 results showing a 15.4% increase in normalized earnings per share to R$0.28, driven by an 8.9% rise in normalized EBITDA and improved net financial expenses. Consolidated organic volumes grew 0.8%, while net revenue increased 7.6%. Operating cash flow rose 11.0% year-over-year to approximately R$7.7 billion. Concurrently, the Board of Directors approved a new share buyback program authorizing the repurchase of up to 190 million common shares, valued at roughly R$2.9 billion based on late October pricing, to be executed over the next 18 months. Ambev is a leading beverage company operating in Latin America and Canada.

Ambev S.A. reported third-quarter net income attributable to equity holders of R$4.25 billion (R$0.2754 per diluted share), down from R$4.75 billion in the prior-year period, on net sales of R$21.6 billion. The company also completed its authorized share buyback program, acquiring 208 million shares for a total cost of R$3.33 billion and canceling 279 million treasury shares. Additionally, Ambev approved an interest on capital distribution of R$0.0713 per share to be paid by December 31, 2026. The company operates in the beverage industry, producing and distributing beer, soft drinks, and other non-alcoholic beverages across Latin America.