BUD:BET Income Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	4,564	4,323	3,728	3,572
Other Revenue	81	65	64	59
Revenue	4,645	4,388	3,792	3,631
Revenue Growth (YoY)	16.45%	15.72%	4.43%	-
Cost of Revenue	920.6	889.6	814.7	905
Gross Profit	3,724	3,498	2,977	2,726
Selling, General & Admin	1,661	1,604	1,420	1,342
Other Operating Expenses	203	215	171	9
Operating Expenses	2,140	2,103	1,906	1,682
Operating Income	1,584	1,395	1,071	1,044
Interest Expense	-	-30	-33	-34
Interest & Investment Income	482	458	348	347
Earnings From Equity Investments	4,073	4,060	4,747	5,128
Currency Exchange Gain (Loss)	-90	-90	57	-9
Other Non Operating Income (Expenses)	8	-	-	-14
EBT Excluding Unusual Items	6,057	5,793	6,190	6,462
Gain (Loss) on Sale of Investments	2,899	2,899	-	-
Pretax Income	8,956	8,692	6,190	6,462
Income Tax Expense	-1,008	-943	351	621
Net Income	9,964	9,635	5,839	5,841
Net Income to Common	9,964	9,635	5,839	5,841
Net Income Growth	73.65%	65.01%	-0.03%	-
Shares Outstanding (Basic)	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5
EPS (Basic)	1840.59	1779.82	1078.60	1078.97
EPS (Diluted)	1840.59	1779.82	1078.60	1078.97
EPS Growth	73.65%	65.01%	-0.03%	-
Free Cash Flow	1,296	1,195	1,577	216
Free Cash Flow Per Share	239.40	220.75	291.31	39.90
Dividend Per Share	-	-	124.000	112.000
Dividend Growth	-	-	10.71%	-
Gross Margin	80.18%	79.73%	78.52%	75.08%
Operating Margin	34.10%	31.79%	28.24%	28.75%
Profit Margin	214.51%	219.58%	153.98%	160.86%
Free Cash Flow Margin	27.90%	27.23%	41.59%	5.95%
EBITDA	1,747	1,566	1,273	1,271
EBITDA Margin	37.61%	35.69%	33.57%	35.00%
D&A For EBITDA	163	171	202	227
EBIT	1,584	1,395	1,071	1,044
EBIT Margin	34.10%	31.79%	28.24%	28.75%
Effective Tax Rate	-	-	5.67%	9.61%