BUD APAC (01876) Announces First Three Quarters Results: Profit Attributable to Shareholders US$565 Million, Down 4.88% Year-on-Year

BUD APAC (01876) Announces First Three Quarters Results: Profit Attributable to Shareholders US$565 Million, Down 4.88% Year-on-Year BUD APAC (01876) released its results for the first nine months of 2026, during which the Group recorded revenue of US$4.62 billion, down 3.7% year-on-year; profit attributable to equity holders of BUD APAC was US$565 million, down 4.88% year-on-year; normalized basic earnings per share were 4.75 US cents. In the first nine months of 2026, total volume decreased by 4.9%, revenue decreased by 3.7%, while revenue per hectoliter increased by 1.2%. The Group's normalized EBITDA decreased by 13.2%, while the normalized EBITDA margin declined by 297 basis points. In the third quarter of 2026, total volume decreased by 10.1%, affected by performance in China but partially offset by growth in India. Revenue decreased by 8.4%, while revenue per hectoliter increased by 1.9%, benefiting from a positive country mix. The Group's normalized EBITDA decreased by 22.9%, affected by the revenue performance in China, cost inflation, operating deleverage and lower other operating income.