Trade and other payables

12 Months Ended

Dec. 31, 2025

26. Trade and other payables



Million US dollar	31 December 2025		31 December 2024

Indirect taxes payable		108		93
Trade payables		671		424
Deferred consideration on acquisitions		21		221
Other payables		69		59
Non-current trade and other payables		869		797

Trade payables and accrued expenses		17 055		16 010
Payroll and social security payables		1 606		1 623
Indirect taxes payable		3 021		2 560
Interest payable		1 369		1 336
Consigned packaging		1 093		1 017
Dividends payable		610		767
Deferred consideration on acquisitions		223		69
Other payables and deferred income		479		422
Current trade and other payables		25 455		23 804

The company has entered into reverse factoring arrangements with suppliers in the amount of 41m US dollar as of 31 December 2025, mostly due to legal requirements (31 December 2024: 41m US dollar). The nature, as well as the terms and conditions of the liabilities that are part of these arrangements do not differ from those of the company’s normal trade payables. As a result, these are presented as part of Trade and other payables in accordance with IAS 1

Presentation of financial statements

As of 31 December 2025, deferred consideration on acquisitions is mainly comprised of 0.2 billion US dollar for the put option included in the 2012 shareholders’ agreement between Ambev and E. León Jimenes S.A. (“ELJ”), which may result in Ambev acquiring additional shares in Cervecería Nacional Dominicana S.A. (“CND”) (31 December 2024: 0.2 billion US dollar). See also Note 27

Risk arising from financial instruments

and Note 28

Collateral and contractual commitments for the acquisition of property, plant and equipment, loans to customers and other