AB InBev Delivers Robust First Half: Revenue Climbs 11.5%, Profit Soars 55%

summarizeSummary

First-half revenue grew 11.5% to $31.9B, profit surged 55% to $7.1B, and Normalized EBITDA rose 12% to $11.4B. Two major acquisitions closed, share buybacks continued, and net debt increased to $64.2B.

check_boxKey Events · Earnings and Guidance · BUD

• Revenue Up 11.5% to $31.9B

  First-half revenue reached $31.9 billion, an 11.5% increase from $28.6 billion in the prior-year period. Organic growth of 5.7% was driven by premiumization and revenue management initiatives.

• Profit Surges 54.6% to $7.1B

  Profit for the period jumped to $7.1 billion from $4.6 billion, boosted by a $2.0 billion non-cash mark-to-market gain on derivatives. Underlying profit rose to $4.3 billion from $3.6 billion.

• Normalized EBITDA Up 12% to $11.4B

  Normalized EBITDA increased 12.0% to $11.4 billion, with organic growth of 5.6% after excluding currency and hyperinflation impacts.

• Major Acquisitions Completed

  The company reacquired the 49.9% minority stake in its US metal container plants for $2.9 billion and acquired 85% of BeatBox Beverages for $493 million.

auto_awesomeAnalysis · BUD · Manufacturing

A powerful first half saw revenue climb 11.5% to $31.9 billion, while profit surged 54.6% to $7.1 billion. Organic revenue growth reached 5.7%, fueled by premiumization and disciplined revenue management. Normalized EBITDA rose 12% to $11.4 billion. Strategic moves included the $2.9 billion reacquisition of its US metal container plants and the $493 million purchase of BeatBox Beverages. Net debt moved higher to $64.2 billion, reflecting these deals and $1.3 billion in share buybacks. A $2.0 billion non-cash mark-to-market gain on derivatives lifted reported profit, yet underlying EPS of $2.18 still marked a solid advance from $1.79 a year ago. Broad-based momentum carried most regions, though China volumes contracted 6% amid a soft industry backdrop.