In 1Q26,BEES captured 14.6 billion USD in GMV, growth of 15% versus 1Q25.

Monetizing our route-to-market; delivering more than 1 billion USD in quarterly GMV:BEES Marketplace growth momentum continued, with GMV increasing by 55% versus 1Q25 and reaching approximately 1.1 billion USD from sales of third-party products.

Leading the way in DTC solutions:Our digital DTC megabrands, Zé Delivery, TaDa Delivery and PerfectDraft, served 12 million active consumers and generated 139 million USD in revenue, representing 5% growth versus 1Q25. Sales of third-party products through our DTC marketplace reached 41 million USD in GMV, a 42% increase versus 1Q25.


(3) Optimize our business


Maximizing value creation:EBITDA grew by 5.3% with flattish margins as disciplined resource allocation and overhead management offset transactional FX headwinds. Capex optimization drove increased efficiency in depreciation and amortization expenses, resu
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