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Segment reporting (Tables)

12 Months Ended

Dec. 31, 2025

All figures in the table below are stated in million US dollar, except volume (million hls).



.	North America						Middle Americas						South America						EMEA						Asia Pacific

	2025		2024		2023		2025		2024		2023		2025		2024		2023		2025		2024		2023		2025		2024		2023

.

Volume		83		86		90		150		150		149		155		161		162		93		94		90		79		84		93

Revenue		14 207		14 655		15 072		17 376		17 072		16 348		11 954		12 423		12 040		9 502		9 003		8 589		5 693		6 196		6 824

Profit from operations		3 747		4 350		3 607		7 382		6 809		6 201		2 909		3 012		2 838		2 022		1 765		1 461		1 011		1 222		1 451

Net finance income/(expense)

Share of results of associates

Exceptional share of results of associates

Income tax expense

Profit

.

Segment assets (non-current)¹		61 445		61 837		62 436		73 560		66 567		74 142		13 764		12 820		14 791		30 845		27 951		29 302		10 964		10 952		11 980

Gross capex¹		391		436		495		921		1 164		1 368		660		702		830		750		668		906		307		379		498

FTE		15 449		16 492		17 950		43 085		45 630		48 069		32 931		34 639		36 267		19 264		19 979		21 011		20 908		21 483		24 992

Amended to conform to the 2025 presentation.



	Global Export and Holding Companies						AB InBev Worldwide

	2025		2024		2023		2025		2024		2023

.

Volume		-		-		-		561		576		585

Revenue		588		418		508		59 320		59 768		59 380

Profit from operations		(1 666)		(1 671)		(1 592)		15 405		15 487		13 966

Net finance income/(expense)								(4 465)		(5 353)		(5 102)

Share of results of associates								378		329		295

Exceptional share of results of associates								9		104		(35)

Income tax expense								(2 850)		(3 152)		(2 234)

Profit								8 477		7 416		6 891

.

Segment assets (non-current)¹		3 461		3 511		3 323		194 039		183 637		195 973

Gross capex¹		628		513		540		3 656		3 863		4 638

FTE		5 168		5 662		6 251		136 805		143 885		154 540

Amended to conform to the 2025 presentation.