Anheuser SEC Filings

Stichting Anheuser-Busch InBev and affiliated holders have filed Amendment No. 8 to their Schedule 13D on Anheuser-Busch InBev SA/NV, updating their ownership and governance arrangements. The group reports beneficial ownership of 1,031,302,286 Ordinary Shares, representing 52.3% of the class based on 1,972,133,054 shares deemed outstanding as of May 13, 2026.

Through Stichting Anheuser-Busch InBev, BRC, EPS, Rayvax and related foundations together indirectly and directly hold 769,317,631 Ordinary Shares, representing about 39.0% of the voting rights excluding treasury shares. The Amendment records a new 2026 Shareholders' Agreement, under which BRC and EPS jointly control the Stichting, share board appointment rights, coordinate how Stichting-held shares are voted at AB InBev and align voting by certificate holders.

The 2026 Shareholders' Agreement also restricts transfers of Stichting certificates, requires orderly share disposals, limits EPS and BRC from acquiring Ambev stock and sets governance mechanics for nominating eight AB InBev directors. It runs initially until August 27, 2034, with automatic ten-year renewals unless terminated in advance.

Anheuser-Busch InBev SA/NV filed a Form 6-K furnishing an English translation of its fully updated Articles of Association following amendments made on April 29, 2026. The coordinated text sets out the company’s capital structure, share classes, governance rules and Belgian law references.

The share capital is EUR 1,238,608,344.12, represented by 2,019,241,973 no-par-value shares, including 222,038,442 Restricted Shares with specific transfer and conversion rules. The Articles also confirm a five‑year authorisation for the board to increase capital within defined limits and to repurchase up to 20% of issued shares within a set price range.

The document details shareholder meeting procedures, preferential subscription rights, additional disclosure thresholds at 3% and 7.5%, board composition mechanics, and equal dividend rights for ordinary and restricted shares. Overall, it primarily codifies corporate governance and capital provisions rather than operating or earnings changes.

Anheuser-Busch InBev SA/NV filed a Form 6-K furnishing an English translation of its fully updated Articles of Association following amendments made on April 29, 2026. The coordinated text sets out the company’s capital structure, share classes, governance rules and Belgian law references.

The share capital is EUR 1,238,608,344.12, represented by 2,019,241,973 no-par-value shares, including 222,038,442 Restricted Shares with specific transfer and conversion rules. The Articles also confirm a five‑year authorisation for the board to increase capital within defined limits and to repurchase up to 20% of issued shares within a set price range.

The document details shareholder meeting procedures, preferential subscription rights, additional disclosure thresholds at 3% and 7.5%, board composition mechanics, and equal dividend rights for ordinary and restricted shares. Overall, it primarily codifies corporate governance and capital provisions rather than operating or earnings changes.

Anheuser-Busch InBev delivered solid growth for the three-month period ended 31 March 2026. Revenue reached USD 15,267 million, up 12%, while total volumes were broadly flat at 136.4 million hectoliters, reflecting pricing, premiumization and mix rather than volume expansion.

Profit from operations rose to USD 4,129 million, a 16.7% increase, and Normalized EBITDA grew 12% to USD 5,437 million. Profit attributable to equity holders climbed to USD 2,563 million versus USD 2,148 million, driving basic EPS of USD 1.30. Underlying profit was USD 1,923 million with Underlying EPS of USD 0.97, helped by stronger results in Middle and South America and disciplined cost control, partly offset by higher operating expenses and continued net finance expense.

Anheuser-Busch InBev delivered solid growth for the three-month period ended 31 March 2026. Revenue reached USD 15,267 million, up 12%, while total volumes were broadly flat at 136.4 million hectoliters, reflecting pricing, premiumization and mix rather than volume expansion.

Profit from operations rose to USD 4,129 million, a 16.7% increase, and Normalized EBITDA grew 12% to USD 5,437 million. Profit attributable to equity holders climbed to USD 2,563 million versus USD 2,148 million, driving basic EPS of USD 1.30. Underlying profit was USD 1,923 million with Underlying EPS of USD 0.97, helped by stronger results in Middle and South America and disciplined cost control, partly offset by higher operating expenses and continued net finance expense.

AB InBev delivered a strong start to 2026, with first quarter revenue up 5.8% to 15,267 million USD, driven by volume growth and higher revenue per hectoliter. Total volumes grew 0.8%, including 1.2% beer volume growth, supported by record first‑quarter volumes in key markets such as Mexico, Colombia, Brazil, South Africa and Peru.

Normalized EBITDA increased 5.3% to 5,437 million USD with broadly stable margins as higher sales and marketing spend was funded by cost discipline. Underlying profit rose to 1,923 million USD, and Underlying EPS climbed 20.8% to a record first‑quarter level of 0.97 USD.

Management highlighted strong momentum in global megabrands, with revenues for Corona, Stella Artois and Michelob Ultra growing 16%, 14% and 39% respectively outside their home markets. No‑alcohol beer revenue grew 27% and Beyond Beer revenue grew 37%, while the BEES digital marketplace reached 1.1 billion USD in quarterly GMV, up 55%.

AB InBev delivered a strong start to 2026, with first quarter revenue up 5.8% to 15,267 million USD, driven by volume growth and higher revenue per hectoliter. Total volumes grew 0.8%, including 1.2% beer volume growth, supported by record first‑quarter volumes in key markets such as Mexico, Colombia, Brazil, South Africa and Peru.

Normalized EBITDA increased 5.3% to 5,437 million USD with broadly stable margins as higher sales and marketing spend was funded by cost discipline. Underlying profit rose to 1,923 million USD, and Underlying EPS climbed 20.8% to a record first‑quarter level of 0.97 USD.

Management highlighted strong momentum in global megabrands, with revenues for Corona, Stella Artois and Michelob Ultra growing 16%, 14% and 39% respectively outside their home markets. No‑alcohol beer revenue grew 27% and Beyond Beer revenue grew 37%, while the BEES digital marketplace reached 1.1 billion USD in quarterly GMV, up 55%.

Anheuser-Busch InBev filed its Annual Report on Form 20-F for the year ended 31 December 2025 with the U.S. Securities and Exchange Commission. The report is available on the company’s website and on the SEC’s website as of 3 March 2026.

Printed copies of the complete audited financial statements in the Form 20-F can be requested free of charge through Issuer Direct Corp. AB InBev highlights that its reported revenue for 2025 was 59.3 billion USD, reflecting the scale of its global beer operations.

Anheuser-Busch InBev filed its Annual Report on Form 20-F for the year ended 31 December 2025 with the U.S. Securities and Exchange Commission. The report is available on the company’s website and on the SEC’s website as of 3 March 2026.

Printed copies of the complete audited financial statements in the Form 20-F can be requested free of charge through Issuer Direct Corp. AB InBev highlights that its reported revenue for 2025 was 59.3 billion USD, reflecting the scale of its global beer operations.

Anheuser-Busch InBev SA/NV files its annual Form 20-F, presenting audited consolidated results under IFRS for the three years ended 31 December 2025. The company reports 2025 revenue of $59.3 billion, down $0.4 billion from 2024, largely due to adverse currency translation effects of $1.3 billion, mainly from the Argentine peso, Brazilian real and Mexican peso.

About 75% of revenue comes from subsidiaries with non‑U.S. dollar functional currencies, and roughly 65% from developing markets, increasing exposure to FX, inflation and political risk. Ambev contributes 26.6% of 2025 revenue ($15.8 billion) and Budweiser APAC 9.7% ($5.8 billion). The report highlights risks from macroeconomic weakness, commodity and energy cost volatility, geopolitical conflicts, sanctions affecting the AB InBev Efes investment, high leverage and potential credit rating changes, water availability, regulation, taxation and evolving consumer preferences.

Anheuser-Busch InBev SA/NV files its annual Form 20-F, presenting audited consolidated results under IFRS for the three years ended 31 December 2025. The company reports 2025 revenue of $59.3 billion, down $0.4 billion from 2024, largely due to adverse currency translation effects of $1.3 billion, mainly from the Argentine peso, Brazilian real and Mexican peso.

About 75% of revenue comes from subsidiaries with non‑U.S. dollar functional currencies, and roughly 65% from developing markets, increasing exposure to FX, inflation and political risk. Ambev contributes 26.6% of 2025 revenue ($15.8 billion) and Budweiser APAC 9.7% ($5.8 billion). The report highlights risks from macroeconomic weakness, commodity and energy cost volatility, geopolitical conflicts, sanctions affecting the AB InBev Efes investment, high leverage and potential credit rating changes, water availability, regulation, taxation and evolving consumer preferences.

Anheuser-Busch InBev filed a Form 6-K furnishing an English translation of its updated Articles of Association following amendments dated January 2, 2026. The document sets out the company’s legal structure, share capital, governance rules and shareholder rights under Belgian law.

The share capital is EUR 1,238,608,344.12, represented by 2,019,241,973 shares without nominal value, including 222,041,979 Restricted Shares that are registered and not listed. The Articles describe how these Restricted Shares convert into ordinary shares and how they may be transferred or pledged.

The Articles also detail board size and composition, director appointment processes, authorised capital increases up to 3% of shares outstanding as of April 27, 2022, and share buybacks up to 20% of outstanding shares within specified price and time limits. They codify meeting procedures, dividend policy, and disclosure thresholds at 3%, 5%, 7.5% and higher ownership levels.

Anheuser-Busch InBev filed a Form 6-K furnishing an English translation of its updated Articles of Association following amendments dated January 2, 2026. The document sets out the company’s legal structure, share capital, governance rules and shareholder rights under Belgian law.

The share capital is EUR 1,238,608,344.12, represented by 2,019,241,973 shares without nominal value, including 222,041,979 Restricted Shares that are registered and not listed. The Articles describe how these Restricted Shares convert into ordinary shares and how they may be transferred or pledged.

The Articles also detail board size and composition, director appointment processes, authorised capital increases up to 3% of shares outstanding as of April 27, 2022, and share buybacks up to 20% of outstanding shares within specified price and time limits. They codify meeting procedures, dividend policy, and disclosure thresholds at 3%, 5%, 7.5% and higher ownership levels.

A holder of Common Stock in the issuer has filed a notice of proposed sale under Rule 144. The filing covers an intended sale of 2,000 shares through Goldman Sachs & Co. LLC on the NYSE, with an aggregate market value of 160,780. The approximate sale date is 02/13/2026, and the filing notes that 1,797,199,994 shares of this class were outstanding.

The 2,000 shares were originally acquired in the public market for cash in two equal blocks of 1,000 shares, on 12/13/2017 and 10/26/2018, from the issuer. The signer represents that they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.

A holder of Common Stock in the issuer has filed a notice of proposed sale under Rule 144. The filing covers an intended sale of 2,000 shares through Goldman Sachs & Co. LLC on the NYSE, with an aggregate market value of 160,780. The approximate sale date is 02/13/2026, and the filing notes that 1,797,199,994 shares of this class were outstanding.

The 2,000 shares were originally acquired in the public market for cash in two equal blocks of 1,000 shares, on 12/13/2017 and 10/26/2018, from the issuer. The signer represents that they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.

AB InBev reported full-year 2025 results showing modest growth with stronger profitability and cash generation. Revenue was 59.3 billion USD, up 2.0%, while normalized EBITDA rose 4.9% to 21.2 billion USD and normalized EBIT grew 7.0%.

Underlying EPS increased 6.0% to 3.73 USD (9.4% in constant currency), supported by a 101bps normalized EBITDA margin expansion to 35.8% and free cash flow of 11.3 billion USD. Volumes declined 2.3%, but revenue per hectoliter rose 4.4%, reflecting pricing and premiumization.

The board proposes a final dividend of 1.00 EUR per share, bringing the 2025 dividend to 1.15 EUR, 15% above 2024, and has begun a 6 billion USD share buyback, with 635 million USD completed by 9 February 2026. Net debt was 60.9 billion USD with a net debt to normalized EBITDA ratio of 2.87x, and the company completed a 2.9 billion USD re-acquisition of a 49.9% minority stake in US metal container plants.

AB InBev reported full-year 2025 results showing modest growth with stronger profitability and cash generation. Revenue was 59.3 billion USD, up 2.0%, while normalized EBITDA rose 4.9% to 21.2 billion USD and normalized EBIT grew 7.0%.

Underlying EPS increased 6.0% to 3.73 USD (9.4% in constant currency), supported by a 101bps normalized EBITDA margin expansion to 35.8% and free cash flow of 11.3 billion USD. Volumes declined 2.3%, but revenue per hectoliter rose 4.4%, reflecting pricing and premiumization.

The board proposes a final dividend of 1.00 EUR per share, bringing the 2025 dividend to 1.15 EUR, 15% above 2024, and has begun a 6 billion USD share buyback, with 635 million USD completed by 9 February 2026. Net debt was 60.9 billion USD with a net debt to normalized EBITDA ratio of 2.87x, and the company completed a 2.9 billion USD re-acquisition of a 49.9% minority stake in US metal container plants.

Anheuser-Busch InBev has completed the reacquisition of the 49.9% minority stake in its US-based metal container plants from a consortium led and/or advised by affiliates of Apollo Global Management for approximately 2.9 billion USD.

This transaction gives AB InBev full ownership of these US metal container operations, which support its packaging and supply chain in a key market. The press release also notes that AB InBev generated reported revenue of 59.8 billion USD for 2024, highlighting the scale at which the company operates.

Anheuser-Busch InBev has completed the reacquisition of the 49.9% minority stake in its US-based metal container plants from a consortium led and/or advised by affiliates of Apollo Global Management for approximately 2.9 billion USD.

This transaction gives AB InBev full ownership of these US metal container operations, which support its packaging and supply chain in a key market. The press release also notes that AB InBev generated reported revenue of 59.8 billion USD for 2024, highlighting the scale at which the company operates.