Renata Cabral
Analyst, Citi
Replay available
Ambev S.A. (NYSE: ABEV) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:00.031 -- 00:00:04.538 Good afternoon and thank you for waiting. We would like to welcome everyone to Ambev's 00:00:04.538 -- 00:00:08.464 second quarter 2025 results conference call. 00:00:08.464 -- 00:00:13.051 Today with us we have Mr. Carlos Lisboa, Ambev's CEO, and Mr. 00:00:13.051 -- 00:00:16.797 Guilherme Fleury, CFO and Investor Relations Officer. 00:00:16.797 -- 00:00:21.825 As a reminder, this conference presentation is available for download on our 00:00:21.825 -- 00:00:24.767 website, ri.ambev.com.br, 00:00:25.331 -- 00:00:30.118 as well as through the webcast link. We would like to inform you that this event is being 00:00:30.118 -- 00:00:36.125 recorded and all participants will be in the listen-only mode during the company's presentation. 00:00:36.125 -- 00:00:40.931 After Mbev's remarks are completed, there will be a Q&A session during which we kindly 00:00:40.931 -- 00:00:47.278 ask that each participating sell-side analyst asks only one question. 00:00:47.278 -- 00:00:51.583 Before proceeding, let me mention that forward-looking statements are being made under 00:00:51.583 -- 00:00:56.832 the safe harbor of the Securities Litigation Reform Act of 1996. 00:00:56.832 -- 00:01:01.422 Forward-looking statements are based on the beliefs and assumptions of Ambev's management 00:01:01.422 -- 00:01:04.549 and on information currently available to the company. 00:01:04.549 -- 00:01:09.419 They involve risks, uncertainties, and assumptions because they relate to future events 00:01:09.419 -- 00:01:14.281 and therefore depend on circumstances that may or may not occur in the future. 00:01:14.281 -- 00:01:19.374 Investors should understand that general economic conditions, industry conditions, and 00:01:19.374 -- 00:01:24.105 other operating factor...