Trade and other receivables

12 Months Ended

Dec. 31, 2025

19. Trade and other receivables



Million US dollar	31 December 2025		31 December 2024

Cash deposits for guarantees		144		133
Loans to customers		6		8
Tax receivable, other than income tax		100		105
Brazilian tax credits and interest receivables		1 299		1 120
Trade and other receivables		323		212
Non-current trade and other receivables		1 871		1 577

Trade receivables and accrued income		4 261		3 792
Interest receivables		67		43
Tax receivable, other than income tax		660		416
Loans to customers		52		60
Prepaid expenses		568		493
Other receivables		553		467
Current trade and other receivables		6 161		5 270

Ambev’s tax credits and interest receivables are expected to be collected over a period exceeding 12 months after the reporting date. As of 31 December 2025, the total amount of such credits and interest receivables represented 1 299m US dollar (31 December 2024: 1 120m US dollar).

The carrying amount of trade and other receivables is a good approximation of their fair value as the impact of discounting is not significant. The ageing of the current trade receivables and accrued income, interest receivable, other receivables and current and

non-current

loans to customers can be detailed as follows:



	Net carrying amount as of 31 December 2025		Of which: neither impaired nor past due on the reporting date		Of which not impaired as of the reporting date and past due
	Net carrying amount as of 31 December 2025				Less than 30 days		Between 30 and 59 days		Between 60 and 89 days		More than 90 days


Trade receivables and accrued income		4 261		3 990		202		42		25		3
Loans to customers		58		58		-		-		-		-
Interest receivables		66		64		-		2		-		-
Other receivables		553		532		10		6		6		-
		4 939		4 644		212		50		30		3



	Net carrying amount as of 31 December 2024		Of which: neither impaired nor past due on the reporting date		Of which not impaired as of the reporting date and past due
	Net carrying amount as of 31 December 2024				Less than 30 days		Between 30 and 59 days		Between 60 and 89 days		More than 90 days


Trade receivables and accrued income		3 792		3 531		177		34		32		18
Loans to customers		68		58		-		-		10		-
Interest receivables		43		43		-		-		-		-
Other receivables		467		450		4		5		8		-
		4 369		4 082		181		38		50		18

The above analysis of the age of financial assets that are past due as of the reporting date but not impaired also includes non-current loans to customers. Past due amounts were not impaired when collection is still considered likely, for instance because the amounts can be recovered from the tax authorities, AB InBev has sufficient collateral, or the customer entered into a payment plan. Impairment losses on trade and other receivables recognized in 2025 amount to 53m US dollar (2024: 56m US dollar).

AB InBev’s exposure to credit, currency and interest rate risks is disclosed in Note 27

Risks arising from financial instruments