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Segment reporting | 6 Months Ended
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Jun. 30, 2026
Text Block1 [Abstract] |
Segment reporting |
5. | Segment reporting
Segment information is presented by geographical segments, consistent with the information available to and regularly evaluated by the chief operating decision maker. AB InBev operates its business through six business segments. Regional and operating company management is responsible for managing performance, underlying risks, and the effectiveness of operations. Internally, AB InBev’s management uses profit from operations as a measure of the company’s segment performance which forms part of the basis for many of the company’s segment performance indicators to make decisions regarding the allocation of resources. The organizational structure comprises five regions: North America, Middle Americas, South America, EMEA and Asia Pacific. In addition to these five geographic regions, the company uses a sixth segment, Global Export and Holding Companies, for all financial reporting purposes. All figures in the table below are stated in million US dollar, except volume (million hls). The information presented is for the six-month periods ended 30 June 2026 and 2025, except for segment assets (non-current) with comparatives as of 31 December 2025.
. |  | North America |  |  | Middle Americas |  |  | South America |  |  | EMEA |  |  | Asia Pacific |  |  | Global Export and Holding companies |  |  | AB InBev Worldwide |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Volume |  |  | 42 |  |  |  | 42 |  |  |  | 76 |  |  |  | 74 |  |  |  | 75 |  |  |  | 75 |  |  |  | 45 |  |  |  | 45 |  |  |  | 42 |  |  |  | 43 |  |  |  | - |  |  |  | - |  |  |  | 280 |  |  |  | 280 |
Revenue |  |  | 7 424 |  |  |  | 7 208 |  |  |  | 9 595 |  |  |  | 8 124 |  |  |  | 6 402 |  |  |  | 5 507 |  |  |  | 4 951 |  |  |  | 4 454 |  |  |  | 3 122 |  |  |  | 3 108 |  |  |  | 433 |  |  |  | 231 |  |  |  | 31 927 |  |  |  | 28 632 |
Profit from operations |  |  | 2 285 |  |  |  | 2 106 |  |  |  | 4 076 |  |  |  | 3 360 |  |  |  | 1 555 |  |  |  | 1 224 |  |  |  | 972 |  |  |  | 906 |  |  |  | 691 |  |  |  | 739 |  |  |  | (887 | ) |  |  | (830 | ) |  |  | 8 691 |  |  |  | 7 506 |
Net finance income/(expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (74 | ) |  |  | (1 678 | )
Share of results of associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 148 |  |  |  | 135 |
Exceptional share of results of associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | 9 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1 704 | ) |  |  | (1 404 | )
Profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7 061 |  |  |  | 4 568 |
Segment assets (non-current) |  |  | 61 660 |  |  |  | 61 445 |  |  |  | 75 510 |  |  |  | 73 560 |  |  |  | 14 223 |  |  |  | 13 764 |  |  |  | 30 676 |  |  |  | 30 845 |  |  |  | 10 659 |  |  |  | 10 964 |  |  |  | 3 415 |  |  |  | 3 461 |  |  |  | 196 143 |  |  |  | 194 039 |
Gross capex |  |  | 217 |  |  |  | 181 |  |  |  | 278 |  |  |  | 336 |  |  |  | 204 |  |  |  | 282 |  |  |  | 321 |  |  |  | 296 |  |  |  | 96 |  |  |  | 108 |  |  |  | 290 |  |  |  | 200 |  |  |  | 1 406 |  |  |  | 1 404 |
For the six-month period ended 30 June 2026, net revenue from the beer business (primarily beer, no-alcohol beer, other malt-based alcohol beverages and spirits-based beverages) amounted to 29 225 m US dollar (2025 1 : 26 150m US dollar) while the net revenue from the non-beer business (including primarily carbonated soft drinks and energy drinks) accounted for 2 702 m US dollar (2025 1 : 2 482 m US dollar).
1 | Amended to conform to the 2026 presentation.

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