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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.
Anheuser‑Busch InBev SA/NV furnished a Form 6‑K that adds two exhibits to its U.S. disclosure record. The filing includes an unaudited interim report covering the nine‑month period ended 30 September 2025 and a 30 October 2025 press release regarding the redemption of two series of notes. The report is incorporated by reference into the company’s existing Form F‑3 shelf and multiple Form S‑8 registrations, integrating these materials into those registration statements.
Anheuser‑Busch InBev SA/NV furnished a Form 6‑K that adds two exhibits to its U.S. disclosure record. The filing includes an unaudited interim report covering the nine‑month period ended 30 September 2025 and a 30 October 2025 press release regarding the redemption of two series of notes. The report is incorporated by reference into the company’s existing Form F‑3 shelf and multiple Form S‑8 registrations, integrating these materials into those registration statements.