Ambev (NYSE:ABEV) Q4 2025 Earnings call February 12, 2026 11:30 AM ET Company ParticipantsCarlos Lisboa - CEOGuilherme Fleury - CFO and Investor Relations OfficerIsabella Simonato - Managing DirectorConference Call ParticipantsGustavo Troiano - AnalystNadine Sarwat - Equity Research AnalystRenata Cabral - AnalystThiago Duarte - AnalystNone - AnalystOperatorGood afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2025 Fourth Quarter and Full Year Results Conference Call. Today ...

Ambev (NYSE:ABEV) Q4 2025 Earnings call February 12, 2026 11:30 AM ET Company ParticipantsCarlos Lisboa - CEOGuilherme Fleury - CFO and Investor Relations OfficerIsabella Simonato - Managing DirectorConference Call ParticipantsGustavo Troiano - AnalystNadine Sarwat - Equity Research AnalystRenata Cabral - AnalystThiago Duarte - AnalystNone - AnalystOperatorGood afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2025 fourth quarter and full year results conference call. Today ...

Ambev (NYSE:ABEV) Q4 2025 Earnings call February 12, 2026 11:30 AM ET Speaker6Good afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2025 fourth quarter and full year results conference call. Today with us, we have Mr. Carlos Lisboa, Ambev's CEO, and Mr. Guilherme Fleury, CFO and Investor Relations Officer. As a reminder, this conference presentation is available for download on our website, ir.ambev.com.br, as well as through the webcast link. We would like to inform you th ...

Earnings Call 4Q25 & FY25 Guia de cores This presentation was prepared by Ambev S.A. ("Ambev" or "Company") for the exclusive use in the earnings conference call of the fourth quarter and full year of 2025 (4Q25 and FY25). This presentation should not be considered as a complete document and should be analyzed together with the Company's financial statements (DFP) for the year and the respective press release, both available on the U.S. Securities and Exchange Commission – SEC and the CVM websites. This pre ...

Group 1 - The primary goal of the "High Income DIY Portfolios" service is to provide high income with low risk and capital preservation for DIY investors [1] - The service offers seven portfolios designed for income investors, including three buy-and-hold portfolios, three rotational portfolios, and a conservative NPP strategy portfolio [1] - The portfolios aim to create stable, long-term passive income with sustainable yields, catering to retirees or near-retirees [1] Group 2 - The author of the monthly series on Dividend Stocks has 25 years of investment experience and focuses on dividend-growing stocks with a long-term horizon [2] - A unique 3-basket investment approach is applied, targeting 30% lower drawdowns, 6% current income, and market-beating growth over the long term [2] - The service includes a total of 10 model portfolios with varying income targets, buy and sell alerts, and live chat for portfolio management [2]

Group 1 - The consumer staples sector is experiencing strong performance in January 2026, potentially achieving its best results in over a decade, driven by renewed investor interest in value stocks [1] - Seeking Alpha's quantitative stock rating system, led by Steven Cress, aims to provide insights and simplify investment research for users, utilizing data-driven approaches and sophisticated algorithms [1] - Steven Cress has over 30 years of experience in equity research and quantitative strategies, enhancing his credibility in discussing investment topics [1]

Core Insights - The analyst has over a decade of experience researching various companies across different sectors, including commodities and technology, which enhances the quality of content provided to readers [1] Group 1: Company Focus - The analyst has a particular interest in covering metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, consumer staples, REITs, and utilities [1] Group 2: Research Methodology - The transition from a personal blog to a value investing-focused YouTube channel indicates a shift towards a more visual and engaging format for research dissemination, having researched hundreds of companies to date [1]

Group 1 - Ambev is considered a cheap penny stock, with Barclays maintaining a Hold rating and a price target of $2.5, while Bernstein downgraded it to Market Perform with a price target of $2.88 due to valuation concerns after a 16% year-to-date gain [1][2] - In Q3 2025, Ambev's premiumization strategy led to over 9% growth in volumes for premium and super-premium brands, capturing nearly 50% market share in Brazil [2] - The company's digital ecosystem showed significant growth, with the marketplace initiative's GMV increasing 100% to an annualized BRL 8 billion, and the DTC platform Ze Delivery seeing a 7% GMV increase [2] Group 2 - Despite positive developments, Ambev faced challenges such as softer beer industry volumes in Brazil due to unseasonably cold weather and constrained consumer purchasing power, along with a mid-single-digit decline in Argentina's beer volumes [3] - Financially, Ambev reported a normalized net income of BRL 3.8 billion (up 7%) and a stated net income of BRL 4.9 billion, representing a 36% increase year-over-year [3] - Ambev operates in the production, distribution, and sale of various beverages across Brazil, Central America, the Caribbean, and parts of Latin America and Canada [4]

Core Viewpoint - Ambev's stock has shown a slight recovery after a significant increase in stake by a major hedge fund, despite mixed market sentiment and cautious ratings from analysts [1][6]. Company Performance - Ambev's stock price increased by 3.48% to $2.38, with a market capitalization of $36 billion [2]. - The stock has a 52-week range of $1.73 to $2.58 and a gross margin of 48.20% [2]. - The trading volume reached 47.5 million shares, which is nearly 18% above the three-month average of 39.9 million shares [2]. Market Sentiment - The stock has been on a downward trend for the past week, down 7.0% over that period [6]. - Some investment firms are increasing their holdings in Ambev, while others suggest it may be time to take profits [3][6]. - Bernstein downgraded Ambev from "outperform" to "market perform," citing concerns about the sustainability of this year's rally [6]. Hedge Fund Activity - Squarepoint Ops reported a 400% increase in its stake in Ambev, although this stake is relatively small compared to its total assets under management of nearly $100 billion [7].

Group 1 - Ambev SA (NYSE:ABEV) experienced a significant drop in share prices, falling by 7.63% to close at $2.30 due to a lack of buying catalysts and early window-dressing activities [1] - The company is known for owning Brazil's leading beer brands, including Skol, Brahma, Antarctica, Bohemia, and Quilmes [2] - Bernstein downgraded Ambev's rating from "outperform" to "market perform," citing that current expectations for the company are "overblown," despite confidence in its long-term fundamentals [3] Group 2 - Bernstein recommended investors take profits on Ambev shares and wait for a more attractive entry point before re-entering the stock [3]