AB InBev Reports Second Quarter 2025 Results

SEC Filing 6-K (0001193125-25-170131)

Anheuser-Busch InBev (AB InBev) reported its second quarter and half-year results for 2025, showing a 6.5% increase in EBITDA and continued margin expansion. Revenue grew by 3.0% in the second quarter, driven by a 4.9% increase in revenue per hectoliter, although volumes declined by 1.9%. The company's megabrands, particularly Corona, saw strong growth, with a 7.7% increase outside its home market. The no-alcohol beer portfolio also performed well, with a 33% increase in revenue. Normalized EBITDA increased to $5,301 million in the second quarter, with a margin expansion of 116 basis points to 35.3%. Underlying EPS grew by 8.7% to $0.98. The company remains confident in delivering its 2025 outlook, with a focus on premiumization, digital transformation, and sustainability initiatives.