Financial Performance - Normalized net income increased by 7% in 3Q25[83] - Normalized EBITDA reached BRL 384 billion in 3Q25[83] - A share buyback program of R$25 billion was approved[18,92] - R$ 6 billion in dividends announced year-to-date[92] Business Unit Performance - Brazil Beer volume declined by 77% while NR/hl increased by 57%[57] - Brazil NAB volume decreased by 86% but NR/hl grew by 100%[59] - LAS (Latin America South) experienced a volume decrease of 08% with NR/hl increasing by 100%[62] - CAC (Central America and the Caribbean) saw a volume increase of 13% and NR/hl growth of 14%[67] - Canada's volume decreased by 20% while NR/hl increased by 20%[70] Strategic Initiatives - Zé Delivery's GMV (Gross Merchandise Value) reached BRL 80 billion annualized with a 9% increase in AOV (Average Order Value)[31] - Premium & Super Premium volumes up more than 9%[26] - The company is focused on maximizing return on investments and disciplined cost management[81]