XML 29 R13.htm IDEA: XBRL DOCUMENT v3.25.4
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
SEGMENT REPORTING

 

5.SEGMENT REPORTING

 

(a)Reportable segments - Years ended on December 31,:

 

                             
  Brazil CAC Latin America – South Canada Consolidated
  2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023
                               
Net sales 49,030.8  48,605.4  46,361.7  10,963.9  11,023.7  10,044.8  17,988.3  19,829.7  13,797.2  10,259.5  9,993.9  9,533.2  88,242.5  89,452.7  79,736.9 
Cost of sales (24,254.9) (23,809.3) (23,516.1) (5,022.3) (5,076.2) (5,035.1) (9,263.6) (10,460.4) (6,657.3) (4,323.3) (4,269.2) (4,083.1) (42,864.1) (43,615.1) (39,291.6)
Gross profit 24,775.9  24,796.1  22,845.6  5,941.6  5,947.5  5,009.7  8,724.7  9,369.3  7,139.9  5,936.2  5,724.7  5,450.1  45,378.4  45,837.6  40,445.3 
Distribution expenses (6,131.8) (6,423.9) (6,428.6) (893.0) (927.6) (853.1) (2,148.0) (2,388.9) (1,614.3) (1,756.1) (1,816.7) (1,854.6) (10,928.9) (11,557.1) (10,750.6)
Sales and marketing expenses (4,761.0) (4,876.3) (4,477.0) (772.5) (792.1) (665.1) (1,645.4) (1,932.6) (1,190.0) (1,169.2) (1,033.2) (1,080.4) (8,348.1) (8,634.2) (7,412.5)
Administrative expenses (3,769.0) (3,860.2) (3,563.2) (404.6) (490.2) (413.0) (979.5) (1,094.4) (659.5) (709.8) (756.3) (638.0) (5,862.9) (6,201.1) (5,273.7)
Other operating income/(expenses) 2,370.8  2,415.8  1,892.5  (22.2) (13.5) 26.3  94.4  45.8  95.0  (7.1) 9.2  15.1  2,435.9  2,457.3  2,028.9 
Exceptional items (36.0) (16.2) (137.8) 824.7  (9.8) (17.9) (120.2) (51.6) (47.6) (25.2) (23.2) (3.1) 643.3  (100.8) (206.4)
Income from operations 12,448.9  12,035.3  10,131.5  4,674.0  3,714.3  3,086.9  3,926.0  3,947.6  3,723.5  2,268.8  2,104.5  1,889.1  23,317.7  21,801.7  18,831.0 
Net financial results                         (4,001.8) (2,318.3) (3,609.8)
Share of results of associates and joint ventures                         105.8  3.9  (185.3)
Income before income tax                         19,421.7  19,487.3  15,035.9 
Income tax expenses                         (3,433.3) (4,640.4) (75.5)
Net income                         15,988.4  14,846.9  14,960.4 
                               
Acquisitions of property, plant and equipment 3,045.3  2,838.0  3,365.5  603.7  558.8  593.4  651.3  982.8  782.2  290.2  369.5  1,263.0  4,590.5  4,749.1  6,004.1 

 

 

(continued)

 

  Brazil CAC  Latin America - South  Canada Consolidated
  2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023
                               
Segment assets 58,540.0  57,776.0  56,974.2  14,331.9  16,742.1  13,692.3  23,344.5  28,247.8  16,085.1  16,783.6  18,394.3  15,856.9  113,000.0  121,160.2  102,608.5 
Inter-segment eliminations                         (3,067.6) (4,607.7) (2,162.1)
Non-segmented assets (i)                         35,154.8  45,955.8  32,197.9 
Total assets                         145,087.2  162,508.3  132,644.3 
                               
Segment liabilities 32,120.9  34,429.6  28,841.3  5,297.5  6,814.2  4,981.5  7,078.6  9,146.1  5,095.4  4,260.6  4,976.6  5,131.0  48,757.6  55,366.5  44,049.2 
Inter-segment eliminations                         (3,067.5) (4,607.7) (2,161.8)
Non-segmented liabilities (i)                         99,397.1  111,749.5  90,756.9 
Total liabilities                         145,087.2  162,508.3  132,644.3 

 

(i)The balance of non-segmented assets refers mainly to cash and cash equivalents, taxes and investments. The balance of non-segmented liabilities refers mainly to equity values, taxes and derivatives.

 

Non-current assets attributed to Brazil (the Company’s country of domicile) and to Canada amounted to R$44,994.1 and R$14,794.0, respectively, on December 31, 2025 (R$44,725.3 and R$16,131.2, respectively, in December 31, 2024 and R$45,052.8 and R$13,859.4, respectively, as at December 31, 2023). Net revenue attributable to the Company's operations in Argentina totaled R$7,890.1 in December 31, 2025 (R$11,506.3 in December 31, 2024 and R$6,301.4 in December 31, 2023), and the segmented non-current assets related to the same country totaled R$9,916.7 for the year ended on December 31, 2025 (R$12,576.8 in December 31, 2024 and R$5,894.8 in December 31, 2023).

 

(b)Additional information by Business unit - years ended on December 31,:

 

                 
  Brazil
  Beer NAB Total 
  2025 2024 2023 2025 2024 2023 2025 2024 2023
                   
Net sales 40,230.7  40,220.2  38,985.9  8,800.1  8,385.2  7,375.8  49,030.8  48,605.4  46,361.7 
Cost of sales (19,380.5) (19,282.4) (19,377.7) (4,874.4) (4,526.9) (4,138.4) (24,254.9) (23,809.3) (23,516.1)
Gross profit 20,850.2  20,937.8  19,608.2  3,925.7  3,858.3  3,237.4  24,775.9  24,796.1  22,845.6 
Distribution expenses (4,845.1) (5,132.2) (5,171.9) (1,286.7) (1,291.7) (1,256.7) (6,131.8) (6,423.9) (6,428.6)
Sales and marketing expenses (4,280.8) (4,353.8) (3,969.4) (480.2) (522.5) (507.6) (4,761.0) (4,876.3) (4,477.0)
Administrative expenses (3,301.5) (3,363.6) (3,106.0) (467.5) (496.6) (457.2) (3,769.0) (3,860.2) (3,563.2)
Other operating income/(expenses) 1,891.2  1,878.3  1,474.1  479.6  537.5  418.4  2,370.8  2,415.8  1,892.5 
Exceptional items (36.0) (16.2) (137.8) -    -    -    (36.0) (16.2) (137.8)
Income from operations 10,278.0  9,950.3  8,697.2  2,170.9  2,085.0  1,434.3  12,448.9  12,035.3  10,131.5 
                   

 

Accounting policies

 

Reportable segments are consistently presented on the internal reporting regularly reviewed by the Company’s chief operating decision maker, the Chief Executive Officer, for the purpose of evaluating the performance of each segment and allocating resources to those segments. The information is prepared based on available financial data that is directly attributable to the segment or the information that can be allocated on a reasonable basis.

 

Therefore, the segment reporting is presented by geographical zones, since the risks and rates of return are predominantly affected by the fact that the company operates in different regions.

 

Performance information by business unit (Beer and Non-alcoholic beverages (“NAB”)), is also presented to the Company’s chief operating decision maker and is disclosed as additional information, even though it does not qualify as a segment.

 

The Company conducts its operations across four business segments, as mentioned in note 1 – Corporate Information. The chief operating decision maker uses income from operations as the main measure of segment profitability.

 

In accordance with IFRS 8 - Segment Information, the Company does not disclose its revenues from external customers for each product or each group of similar products, since the necessary information is not available in a comparable form and the cost of preparing it would be excessive.