ANH Results Bullish

ANHEUSER-BUSCH INBEV SA/NV - AB InBev Reports Full Year and Fourth Quarter 2025 Results Short Form Announcement

Anheuser-Busch InBev SA/NVFeb 12, 2026

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What this filing means

Underlying EPS grew 6.0% to 3.73 USD for FY25, with a stronger 9.4% increase on a constant currency basis, signaling robust underlying profitability.
Normalized EBITDA margins expanded by 101 bps to 35.8%, driven by operational efficiencies despite inflationary pressures.

Consolidated volumes declined by 2.3% in FY25, with beer volumes specifically down 2.6%, indicating underlying demand weakness and reliance on price hikes.

AI-generated summary by SENS-AI, based on the original JSE SENS filing.

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