BUD:ANY Income Statement

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

Millions HUF. 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	71,857	70,503	55,475	43,180	40,658
Revenue Growth (YoY)	1.92%	27.09%	28.48%	6.20%	48.25%
Cost of Revenue	45,701	47,824	38,310	30,722	27,596
Gross Profit	26,156	22,679	17,165	12,458	13,061
Selling, General & Admin	13,697	11,929	10,248	8,830	8,712
Other Operating Expenses	77.78	136.63	336.62	192.08	-59.53
Operating Expenses	13,775	12,066	10,584	9,022	8,652
Operating Income	12,381	10,614	6,580	3,436	4,409
Interest Expense	-653.56	-636.51	-698.44	-246.17	-83.86
Interest & Investment Income	229.08	223.52	158.68	45.99	13.63
Currency Exchange Gain (Loss)	-583.49	210.28	-178.2	149.8	35.58
EBT Excluding Unusual Items	11,373	10,411	5,863	3,386	4,374
Gain (Loss) on Sale of Investments	-	-	-	-	498.78
Gain (Loss) on Sale of Assets	-14.44	4.9	-0.13	0.23	8.6
Pretax Income	11,359	10,416	5,862	3,386	4,882
Income Tax Expense	1,881	1,738	1,165	691.58	909.58
Earnings From Continuing Operations	9,478	8,678	4,698	2,694	3,972
Minority Interest in Earnings	-956.82	-759.92	-430.35	-450.26	-365.45
Net Income	8,521	7,918	4,267	2,244	3,607
Net Income to Common	8,521	7,918	4,267	2,244	3,607
Net Income Growth	7.61%	85.55%	90.16%	-37.78%	359.57%
Shares Outstanding (Basic)	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	14
EPS (Basic)	593.95	551.92	297.46	156.42	251.41
EPS (Diluted)	593.95	551.92	297.46	156.00	251.00
EPS Growth	7.61%	85.55%	90.68%	-37.85%	358.83%
Free Cash Flow	8,561	5,470	-3,420	7,204	2,982
Free Cash Flow Per Share	596.79	381.30	-238.43	502.19	207.86
Dividend Per Share	503.000	450.000	261.000	161.000	168.000
Dividend Growth	11.78%	72.41%	62.11%	-4.17%	95.35%
Gross Margin	36.40%	32.17%	30.94%	28.85%	32.13%
Operating Margin	17.23%	15.05%	11.86%	7.96%	10.84%
Profit Margin	11.86%	11.23%	7.69%	5.20%	8.87%
Free Cash Flow Margin	11.92%	7.76%	-6.17%	16.68%	7.33%
EBITDA	14,864	12,944	8,725	4,911	6,119
EBITDA Margin	20.69%	18.36%	15.73%	11.37%	15.05%
D&A For EBITDA	2,483	2,330	2,145	1,475	1,711
EBIT	12,381	10,614	6,580	3,436	4,409
EBIT Margin	17.23%	15.05%	11.86%	7.96%	10.84%
Effective Tax Rate	16.56%	16.69%	19.87%	20.43%	18.63%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.