Heineken Holding Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	28,958	29,901	30,755	28,866	23,462
Revenue Growth (YoY)	-3.15%	-2.78%	6.54%	23.03%	18.67%
Cost of Revenue	18,465	19,313	20,077	18,618	13,535
Gross Profit	10,493	10,588	10,678	10,248	9,927
Selling, General & Admin	4,478	4,466	4,353	4,079	3,485
Depreciation & Amortization Expenses	2,609	2,605	3,096	1,886	1,959
Total Operating Expenses	7,087	7,071	7,449	5,965	5,444
Operating Income	3,406	3,517	3,229	4,283	4,483
Interest Income	363	-595	308	297	299
Interest Expense	-620	-680	-640	-458	-462
Other Non-Operating Income (Expense)	-154	-235	-375	48	14
Total Non-Operating Income (Expense)	-411	-1,510	-707	-113	-149
Pretax Income	2,995	2,007	2,522	4,170	4,334
Provision for Income Taxes	857	846	121	1,131	799
Net Income	952	498	1,174	1,343	1,663
Minority Interest in Earnings	1,186	663	1,227	1,696	1,872
Net Income to Common	952	498	1,174	1,343	1,663
Net Income Growth	91.16%	-57.58%	-12.58%	-19.24%	-
Shares Outstanding (Basic)	281	283	284	288	288
Shares Outstanding (Diluted)	281	283	284	288	288
Shares Change (YoY)	-0.62%	-0.39%	-1.41%	-	-
EPS (Basic)	3.39	1.76	4.12	4.66	5.77
EPS (Diluted)	3.39	1.76	4.12	4.66	5.77
EPS Growth	92.61%	-57.28%	-11.59%	-19.24%	-
Shares Outstanding	277.97	282.87	282.87	288.03	288.03
Free Cash Flow	2,879	3,319	1,996	2,705	2,857
Free Cash Flow Growth	-13.26%	66.28%	-26.21%	-5.32%	74.74%
Free Cash Flow Per Share	10.24	11.73	7.03	9.39	9.92
Dividends Per Share	1.900	1.860	1.730	1.730	1.240
Dividend Growth	2.15%	7.51%	-	39.52%	77.14%
Gross Margin	36.24%	35.41%	34.72%	35.50%	42.31%
Operating Margin	11.76%	11.76%	10.50%	14.84%	19.11%
Profit Margin	7.38%	3.88%	7.81%	10.53%	15.07%
FCF Margin	9.94%	11.10%	6.49%	9.37%	12.18%
EBITDA	6,015	6,122	6,325	6,169	6,442
EBITDA Margin	20.77%	20.47%	20.57%	21.37%	27.46%
EBIT	3,406	3,517	3,229	4,283	4,483
EBIT Margin	11.76%	11.76%	10.50%	14.84%	19.11%
Effective Tax Rate	28.61%	42.15%	4.80%	27.12%	18.44%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.