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AB InBev companies

12 Months Ended

Dec. 31, 2025

Investments accounted for using equity method [abstract]

34. AB InBev companies

The most important AB InBev companies included in the consolidation scope are listed below. The complete list of the company’s investments is available at AB InBev NV, Brouwerijplein 1, B-3000 Leuven, Belgium. The address of the registered office of the company is Grand Place 1, 1000 Brussels, Belgium.

LIST OF THE MOST IMPORTANT FULLY CONSOLIDATED COMPANIES


Name and registered office of the fully consolidated companies	% economic interest as of 31 December 2025
.
Argentina
Cerveceria y Malteria Quilmes Saica Y G - Charcas 5160 - C1425BOF - Buenos Aires		61.63%
.
Belgium
Anheuser-Busch InBev NV/SA - Grand Place 1 - 1000 - Brussels		Consolidating
Brasserie de l’Abbaye de Leffe S.A. - Place de l’Abbaye, 1 - 5500 - Dinant		98.54%
Cobrew N.V - Brouwerijplein 1, 3000 - Leuven		100.00%
InBev Belgium BV/SRL - Boulevard Industriel, 21 - 1070 Anderlecht		100.00%
.
Bolivia
Cervecería Boliviana Nacional S.A. - Av. Montes 400 & Calle Chuquisaca No. 121, Zona Challapampa - La Paz		52.68%
.
Botswana
Kgalagadi Breweries (Pty) Ltd - Grant Thornton Business Services, Plot 50370, Acumen Park, Fairgrounds - Gaborone¹		31.06%
.
Brazil
Ambev S.A. - Rua Dr. Renato Paes de Barros 1017, 3° Andar Itaim Bibi - São Paulo		61.73%
.
Canada
Labatt Brewing Company Limited - 207 Queen’s Quay West, Suite 299 - M5J 1A7 - Toronto		61.73%
.
Chile
Cerveceria Chile S.A - Av. Presidente Eduardo Frei Montalva 9600, Quilicura - 8700000 Santiago de Chile		61.73%
.
China
Anheuser-Busch Inbev (China) Sales Company Limited - Shangshou, Qin Duan Kou, Hanyang Area - 430051 - Wuhan City, Hubei Province		87.22%
Anheuser-Busch InBev (Wuhan) Brewing Co., Ltd. - Shangshou, Qin Duan Kou, Hanyang Area - 430051 - Wuhan City, Hubei Province		84.66%
Anheuser-Busch InBev Sedrin Brewery Co., Ltd - No.1 West Xuejin Avenue,Hanjiang District - 351111 - Putian City, Fujian Province		87.22%
Anheuser-Busch InBev Southeast Sales Co., Ltd. - No.1 West Xuejin Avenue, Hanjiang District, Putian, Fujian , P.R.China - 351111 - Putian City, Fujian Province		87.22%
Blue Girl Beer (Guangzhou) Co. Ltd - Units 2101,21/F, Tower A, China International Centre, 33 Zhongshan San Road - 510000 - Guangzhou City		56.69%
.
Colombia
Bavaria & Cia S.C.A. - Carrera 53 A, No 127 - 35 - 110221 - Bogota		99.16%
.
Czech Republic
Pivovar Samson s.r.o. - Lidická 458/51, 37001 - České Budějovice		100.00%
.
Dominican Republic
Cervecería Nacional Dominicana S.A. - Autopista 30 de Mayo Km 61/2, Distrito Nacional - A.P. 10100 - Santo Domingo 2		59.56%
.
Ecuador
Cervecería Nacional S.A. - Via a daule km 16,5 y Av. Pascuales S/N y Av. Río Daule - EC090150 - Guayaquil, Guayas		95.58%
.
El Salvador
La Constancia Ltda de C.V. - Avenida Independencia, No 526 - PBX (503) 2209-7555 - San Salvador		100.00%
.
France
AB InBev France S.A.S. - 1, Place de la Gare, 59800 - Lille		100.00%


Germany
Anheuser-Busch InBev Deutschland GmbH & Co. KG - Am Deich 18/19 - 28199 - Bremen			100.00%
Anheuser-Busch InBev Germany Holding GmbH - Am Deich 18/19 - 28199 - Bremen			100.00%
.
Ghana
Accra Brewery PLC - 20 Graphic Road, South Industrial Area - Box GP1219 - Accra			61.80%
.
Honduras
Cervecería Hondureña S.A. de C.V. - Boulevard del Norte - Postal No. 86 - San Pedro Sula			99.61%
.
Hong Kong
Budweiser Brewing Company APAC Limited - Room 2701, 27/F, Hysan Place, 500 Hennessy Road, Causeway Bay			87.22%
.
India
Crown Beers India Private Limited - 510/511, Minerva House, Sarojini Devi Road - 500003 - Secunderabad, Telangana			87.22%
Anheuser Busch InBev India Limited - Unit No.301-302, Dynasty Business Park, 3rd Floor Andheri - Kurla Road, Andheri (East) - 400059 - Mumbai, Maharashtra			87.07%
.
Italy
Anheuser-Busch InBev Italia - Piazza Gae Aulenti n. 8, 20154 - Milano			100.00%
.
Luxembourg
Brasserie de Luxembourg Mousel-Diekirch S.A. - Rue de la Brasserie, 1 - L-9214 - Diekirch			98.30%
.
Mexico
Cervecería Modelo de México S. de R.L. de C.V. - Cerrada de Palomas 22, 6th Floor, Reforma Social, Miguel Hidalgo, 11650 - Mexico City			100.00%
.
Mozambique
Cervejas De Moçambique SA - Rua do Jardim 1329 - Maputo			51.47%
.
Netherlands
AB InBev Africa B.V. - Ceresstraat 1 - 4811 CA - Breda			62.00%
InBev Nederland N.V. - Ceresstraat 1 - 4811 CA - Breda			100.00%
.
Nigeria
International Breweries PLC - 22/36 Glover Road - Lagos, Ikoyi			68.31%
.
Panama
Cervecería Nacional S. de R.L. - Complejo Business Park, Costa del Este Torre Oeste, Piso No.2 - Panamá			61.73%
.
Paraguay
Cervecería Paraguaya S.A. - Ruta Acceso Sur Km 30 s/ Desvío a Villeta N° 825			53.92%
.
Peru
Compania Cervecera AmBev Peru S.A.C. - Av. Los Laureles Mza. A Lt. 4 del Centro Poblado Menor Santa Maria de Huachipa - Lurigancho (Chosica) - 25 - Lima			100.00%
Unión de Cervecerías Peruanas Backus y Johnston S.A.A. - Av. Nicolas Ayllon 3986, Ate - 3 - Lima			95.35%
.
South Africa
SABSA Holdings (Pty) Ltd - 65 Park Lane, Sandown - 2001 - Johannesburg			100.00%
The South African Breweries (Pty) Ltd - 65 Park Lane, Sandown - 2146 - Johannesburg			100.00%
.
South Korea
Oriental Brewery Co Ltd - 517, Yeongdong-daero, Gangam-gu, Seoul - Asem Tower 8th floor - Seoul			87.22%
.
Spain
Compañía Cervecera de Canarias S.A. - C/ Mali, 7 (38320 La Laguna - Santa Cruz de Tenerife)			51.03%
.
Switzerland
Anheuser-Busch InBev International GmbH - Suurstoffi 22 - 6343 - Rotkreuz			100.00%
BEES Global AG - Suurstoffi 22 - 6343 - Rotkreuz			100.00%
Interbrew International GmbH - Suurstoffi 22 - 6343 - Rotkreuz			100.00%
.
Tanzania
Tanzania Breweries PLC - Uhuru Street, Plot No 79, Block AA, Mchikichini, Ilala District - Dar es Salaam 1			39.65%

1	The company is consolidated due to the group’s majority shareholders and ability to control the operations.


Uganda
Nile Breweries Ltd - Plot M90 Yusuf Lule Road, Njeru - P.O. Box 762 - Jinja			61.76%

United Kingdom
AB InBev Holdings Limited - Bureau, 90 Fetter Lane - EC4A 1EN - London			100.00%
AB InBev International Brands Limited - AB InBev House, Church Street West, Woking, Surrey, GU21 6HT			100.00%
AB InBev UK Limited - Bureau, 90 Fetter Lane - EC4A 1EN - London			100.00%
ABI SAB Group Holding Limited - Bureau, 90 Fetter Lane - EC4A 1EN - London			100.00%
ABI UK Holding 1 Limited - Bureau, 90 Fetter Lane - EC4A 1EN - London			100.00%
ABI UK Holding 2 Limited - Bureau, 90 Fetter Lane - EC4A 1EN - London			100.00%
.
United States
Anheuser-Busch Americas Holdings LLC - One Busch Place - MO 63118 - St. Louis			100.00%
Anheuser-Busch Companies LLC - One Busch Place - MO 63118 - St. Louis			100.00%
Anheuser-Busch InBev Worldwide Inc. - One Busch Place - MO 63118 - St. Louis			100.00%
Anheuser-Busch International LLC - One Busch Place - MO 63118 - St. Louis			100.00%
Anheuser-Busch LLC - One Busch Place - MO 63118 - St. Louis			100.00%
Anheuser-Busch North American Holding LLC - One Busch Place - MO 63118 - St. Louis			100.00%
Anheuser-Busch America Investments LLC - One Busch Place - MO 63118 - St. Louis			100.00%
AB MAZ Holdings LLC - One Busch Place - MO 63118 - St. Louis			100.00%
MCC Holding Company LLC - One Busch Place - MO 63118 - St. Louis			50.10%
.
Uruguay
Cerveceria y Malteria Paysandu S.A. - Cesar Cortinas, 2037 - C.P. 11500 Montevideo			61.73%
.
Vietnam
Anheuser-Busch InBev Vietnam Brewery Co., Ltd - 2 VSIP II-A, Street No. 28 - 820000 - Tan Uyen Town, Binh Duong Province			87.22%
.
Zambia
Zambian Breweries PLC - Plot No 6438, Mungwi Road - P.O. Box 31293 - Lusaka			54.02%

LIST OF THE MOST IMPORTANT COMPANIES CONSOLIDATED BY APPLYING THE EQUITY METHOD OF ACCOUNTING (ASSOCIATES)


Name and registered office of associates	% economic interest as of 31 December 2025

France
Société des brasseries et glacières internationales S.A. - 2 rue du Colonel Driant, 1er - 75008 - Paris 1		20.00%
.
Luxembourg
B.I.H. Brasseries Internationales Holding (Angola) Limited - 34-38 Avenue de la Liberté - 1930 Luxembourg 1		27.50%
B.I.H. Brasseries Internationales Holding Limited - 34-38 Avenue de la Liberté - 1930 Luxembourg 1		20.00%
.
Netherlands
AB InBev Efes B.V. - 1227 Strawinskylaan - 1077XX Amsterdam		50.00%
.
Turkey
Anadolu Efes Biracilik Ve Malt Sanayii A.S. - Bahçelievler Mahallesi, Sehit Ibrahim Koparir Caddesi No. 4, Bahçelievler Istanbul		24.00%
.
Zimbabwe
Delta Corporation Limited - Sable House, Northridge Close, Borrowdale - P.O. Box BW 343 - Harare		24.48%

1	Related to Castel group.