BUD:MOL 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	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	9,252,992	8,696,283	9,178,677	8,908,499	9,868,163	5,766,751
Revenue Growth	1.35%	-5.26%	3.03%	-9.72%	71.12%	43.77%
Cost of Revenue	6,973,963	6,597,395	7,084,826	6,759,874	7,201,857	4,092,622
Gross Profit	2,279,029	2,098,888	2,093,851	2,148,625	2,666,306	1,674,129
Selling, General & Admin	555,066	549,891	485,541	426,185	360,751	315,570
Other Operating Expenses	570,380	551,034	591,789	619,273	599,655	336,315
Operating Expenses	1,670,442	1,651,406	1,554,556	1,445,503	1,454,245	1,096,346
Operating Income	608,587	447,482	539,295	703,122	1,212,061	577,783
Interest Expense	-28,732	-25,647	-21,636	-27,765	-15,279	-15,587
Interest & Investment Income	31,816	28,671	27,530	54,799	27,189	13,114
Earnings From Equity Investments	25,189	23,937	24,347	1,317	-29,486	21,515
Currency Exchange Gain (Loss)	11,830	60,957	-40,757	12,244	-72,300	-15,491
Other Non Operating Income (Expenses)	15,759	33,467	13,814	9,575	3,994	3,283
EBT Excluding Unusual Items	664,449	568,867	542,593	753,292	1,126,179	584,617
Impairment of Goodwill	-42,857	-42,857	-33	-43,240	-	-1,479
Gain (Loss) on Sale of Assets	5,256	4,767	28,926	9,765	10,809	4,396
Asset Writedown	-60,384	-47,956	-29,183	-28,399	18,306	-32,916
Pretax Income	566,464	482,821	542,303	691,418	1,155,294	554,618
Income Tax Expense	123,004	142,880	145,600	123,514	466,343	46,936
Earnings From Continuing Operations	443,460	339,941	396,703	567,904	688,951	507,682
Earnings From Discontinued Operations	-	-	-40,893	-449	223,297	42,453
Net Income to Company	443,460	339,941	355,810	567,455	912,248	550,135
Minority Interest in Earnings	-52,360	-41,888	-28,545	-37,537	-60,658	-23,213
Net Income	391,100	298,053	327,265	529,918	851,590	526,922
Net Income to Common	391,100	298,053	327,265	529,918	851,590	526,922
Net Income Growth	31.51%	-8.93%	-38.24%	-37.77%	61.62%	-
Shares Outstanding (Basic)	750	749	742	741	738	719
Shares Outstanding (Diluted)	750	749	742	741	740	725
Shares Change	0.32%	0.90%	0.08%	0.17%	2.10%	1.81%
EPS (Basic)	521.80	398.11	441.08	714.81	1153.47	732.36
EPS (Diluted)	521.77	398.08	441.08	714.81	1150.65	726.94
EPS Growth	31.09%	-9.75%	-38.30%	-37.88%	58.29%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	189,569	416,744	221,483	250,898	772,824	418,228
Free Cash Flow Per Share	252.92	556.64	298.51	338.44	1044.23	576.99
Dividend Per Share	-	-	165.000	150.000	152.260	100.000
Dividend Growth	-	-	10.00%	-1.48%	52.26%	5.24%
Gross Margin	24.63%	24.14%	22.81%	24.12%	27.02%	29.03%
Operating Margin	6.58%	5.15%	5.88%	7.89%	12.28%	10.02%
Profit Margin	4.23%	3.43%	3.56%	5.95%	8.63%	9.14%
Free Cash Flow Margin	2.05%	4.79%	2.41%	2.82%	7.83%	7.25%
EBITDA	1,167,947	1,012,327	1,028,237	1,120,467	1,696,792	1,042,737
EBITDA Margin	12.62%	11.64%	11.20%	12.58%	17.20%	18.08%
D&A For EBITDA	559,360	564,845	488,942	417,345	484,731	464,954
EBIT	608,587	447,482	539,295	703,122	1,212,061	577,783
EBIT Margin	6.58%	5.15%	5.88%	7.89%	12.28%	10.02%
Effective Tax Rate	21.71%	29.59%	26.85%	17.86%	40.37%	8.46%
Revenue as Reported	9,304,347	8,773,598	9,248,514	8,966,036	9,911,879	5,798,884
Advertising Expenses	-	20,282	20,050	19,206	18,238	16,211