Segment reporting

6 Months Ended

Jun. 30, 2026

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

: 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

2 482

m US dollar).

1	Amended to conform to the 2026 presentation.