AB InBev Reports Second Quarter 2026 Results

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentSign In or Create an AccountEmail AddressContinueor View more offersArticle contentSolid top- and bottom-line performance: Revenue up by 5.

6%, Beer volume growth of 1.1% and a 23.4% Underlying EPS increaseArticle contentWe apologize, but this video has failed to load.

Try refreshing your browser, ortap here to see other videos from our team.Article contentBRUSSELS — Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD):Article contentRegulated information1“Cheers to beer – our performance this quarter reflects the strength of the beer category and the consistent execution of our strategy. Through investment in our megabrands and mega platforms, innovation and offering more choices across more occasions, we are strengthening the cultural relevance of our brands with consumers.

Thank you to our colleagues for their commitment and disciplined execution, which position us well to continue our momentum.” – Michel Doukeris, CEO, AB InBevRevenue +5.6% Revenue increased by 5.

6% in 2Q26 with revenue per hl growth of 4.2% and by 5.7% in HY26 with revenue per hl growth of 4.

3%. Reported revenue increased by 11.0% in 2Q26 to 16 660 million USD and by 11.

5% in HY26 to 31 927 million USD, positively impacted by currency translation. 6.2% increase in combined revenues of megabrands in 2Q26, led by Corona, which grew by 17% outside of its home market.

27% increase in revenue of no-alcohol beer in 2Q26. 44% increase in revenue of Beyond Beer in 2Q26. 50% increase in Gross Merchandise Value (GMV) from sales of third-party products through BEES Marketplace to reach 1.

2 billion USD in 2Q26. Volumes +0.9% Volumes increased by 0.

9% in 2Q26, with beer volumes up by 1.1% and non-beer volumes down by 1.1%.

Volumes increased by 0.8% in HY26, with beer volumes up by 1.2% and non-beer volumes down by 1.

5%. Normalized EBITDA +5.8% Normalized EBITDA increased by 5.

8% to 5 938 million USD in 2Q26, with a margin expansion of 4bps to 35.6%. Normalized EBITDA increased by 5.

6% to 11 375 million USD in HY26, with a margin contraction of 5bps to 35.6%. Underlying Profit 2 390 million USD Underlying Profit was 2 390 million USD in 2Q26 compared to 1 950 million USD in 2Q25 and was 4 314 million USD in HY26 compared to 3 556 million USD in HY25.

Reported profit attributable to equity holders of AB InBev was 3 751 million USD in 2Q26 compared to 1 676 million USD in 2Q25, and was 6 314 million in HY26 compared to 3 824 million in HY25, with HY25, 2Q26 and HY26 positively impacted by non-underlying items. Underlying EPS 1.21 USD Underlying EPS increased by 23.

4% to 1.21 USD in 2Q26, compared to 0.98 USD in 2Q25, and increased by 22.

1% to 2.18 USD in HY26, compared to 1.79 USD in HY25.

On a constant currency basis, Underlying EPS increased by 12.9% in 2Q26 and by 11.0% in HY26.

Net Debt to EBITDA 2.86x Net debt to normalized EBITDA ratio was 2.86x at 30 June 2026 compared to 3.

27x at 30 June 2025 and 2.87x at 31 December 25.The 2026 Half Year Financial Report is available on our website at www.

ab-inbev.com.1The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

For important disclaimers and notes on the basis of preparation, please refer to page 15. Management commentsConsistent and compounding growth with beer volume up by 1.1% and a 23.

4% Underlying EPS increase The momentum of our business continued in 2Q26, with broad-based volume growth and a 23.4% increase in Underlying EPS. While the consumer environment remains dynamic, consistent execution of our strategy and investment in our megabrands and mega platforms enabled solid top- and bottom-line results.

We strengthened our portfolio brand power and estimate that we gained market share across our footprint, maintaining or gaining share in 70% of our markets.Article contentArticle contentRevenue increased by 5.6%, with total volume growth of 0.

9% and a revenue per hl increase of 4.2%, driven by revenue management and positive mix from premiumization and Beyond Beer. Beer volumes grew by 1.

1%, with record high second quarter volumes in Mexico, Colombia, and Ecuador. Beer volumes in Brazil returned to growth, and in the US we delivered continued top-line growth and market share gains in both beer and Beyond Beer.Article contentTop StoriesGet the latest headlines, breaking news and columns.

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