12th Feb 2026 07:43
(Alliance News) - Anheuser-Busch InBev NV on Thursday reported strong annual profit and hiked its dividend, though volumes were subdued.
The Leuven, Belgium-based brewer posted profit of USD8.50 billion in 2025, up 14% from USD7.42 billion a year earlier.
But revenue was USD59.32 million, down slightly 0.7% from USD59.77 billion, hurt by poor volumes. Beer volumes were down 2.5% to 484.2 million hectolitres from 496.4 million, while non-beer volumes were 3.1% lower at 76.9 million hectolitres from 79.4 million, dragging total volumes 561.1 million hectolitres, down 2.5% from 575.7 million.
However, normalised earnings before interest, taxes, depreciation and amortisation inched up 1.3% to USD21.22 billion from USD20.96 billion.
AB InBev declared a final dividend of EUR1.00, lifting the total payout for 2025 to EUR1.15, down 13% from EUR1.00 in 2024.
Basic earnings per share rose 18% to USD3.45 from USD2.92.
As of Monday this week, AB InBev had completed about USD635 million of the USD6 billion share buyback programme announced in October 2025.
The brewer exits 2025 with improved momentum and enters 2026 well-positioned to engage consumers with its megabrands, AB InBev Chief Executive Officer Michel Doukeris said.
AB InBev expects Ebitda to grow in line with its medium-term outlook of between 4% and 8%. "The outlook for FY26 reflects our current assessment of inflation and other macroeconomic conditions," the company said.
In Johannesburg, AB InBev shares were up 2.6% to ZAR1,247.54 on Thursday morning.
By Artwell Dlamini, Alliance News senior reporter South Africa
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