Share-based payments (Tables)

12 Months Ended

Dec. 31, 2025

The total number of outstanding AB InBev options developed as follows:



Million options	2025		2024		2023
Options outstanding at 1 January		69.2		75.8		83.2
Options exercised during the year		(7.9)		-		(2.2)
Options forfeited during the year		(14.3)		(2.9)		(1.3)
Options lapsed during the year		(3.6)		(3.7)		(3.9)
Options outstanding at the end of December		43.4		69.2		75.8

The weighted average exercise price of the AB InBev options is as follows:



Amounts in US dollar	2025		2024		2023
Options outstanding at 1 January		71.59		79.46		76.04
Exercised during the year		47.47		-		29.96
Forfeited during the year		113.00		75.45		67.66
Lapsed during the year		129.02		102.10		96.27
Outstanding at the end of December		71.06		71.59		79.46
Exercisable at the end of December		71.06		93.25		108.11

The total number of outstanding AB InBev RSUs and PSUs developed as follows:



Million RSU and PSUs	2025		2024		2023
RSUs and PSUs outstanding at 1 January		31.2		29.0		28.7
RSUs and PSUs issued during the year		9.7		7.3		5.9
RSUs and PSUs vested during the year		(14.9)		(4.1)		(4.3)
RSUs and PSUs forfeited during the year		(0.8)		(1.1)		(1.3)
RSUs and PSUs outstanding at the end of December		25.2		31.2		29.0

The total number of outstanding Ambev options developed as follows:



Million options	2025		2024		2023
Options outstanding at 1 January		72.5		88.0		99.8
Options forfeited during the year		(12.3)		(15.5)		(11.8)
Options outstanding at the end of December		60.2		72.5		88.0

The weighted average exercise price of the Ambev options is as follows:



Amounts in US dollar	2025		2024		2023
Options outstanding at 1 January		2.95		3.89		3.72
Forfeited during the year		3.34		3.60		4.68
Outstanding at the end of December		3.44		2.95		3.89
Exercisable at the end of December		3.44		2.95		3.94

The total number of outstanding Ambev RSUs and PSUs developed as follows:



Million RSUs and PSUs	2025		2024		2023
RSUs and PSUs outstanding at 1 January		120.4		120.0		109.8
RSUs and PSUs issued during the year		33.9		25.6		33.7
RSUs and PSUs vested during the year		(48.7)		(20.3)		(18.3)
RSUs and PSUs forfeited during the year		(4.8)		(4.9)		(5.2)
RSUs and PSUs outstanding at the end of December		100.8		120.4		120.0