BUD:WABERERS Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	786.17	757.47	710.91	679.36	592.53	569.34
Revenue	786.17	757.47	710.91	679.36	592.53	569.34
Revenue Growth (YoY)	2.74%	6.55%	4.64%	14.65%	4.07%	-18.22%
Cost of Revenue	687.47	668.87	624.86	585.08	513.74	460.38
Gross Profit	98.69	88.59	86.05	94.28	78.79	108.96
Selling, General & Admin	75.38	75.38	67.13	57.81	54.14	55.83
Other Operating Expenses	-18.79	-15.39	-8.77	5.07	0.37	4.55
Operating Expenses	56.58	59.98	58.36	63.05	55	118.68
Operating Income	42.11	28.61	27.68	31.23	23.79	-9.72
Interest Expense	-13.04	-14.14	-13.12	-7.96	-3.97	-4.09
Interest & Investment Income	9.64	9.64	11.82	6.64	0.01	0.1
Earnings From Equity Investments	1.31	2.41	-0	-	-	-
Currency Exchange Gain (Loss)	1.41	-5.99	5.05	-4.91	0.09	-7.67
Other Non Operating Income (Expenses)	0.12	0.22	3.45	-4.07	-0.23	-1.21
EBT Excluding Unusual Items	41.55	20.75	34.87	20.93	19.68	-22.58
Impairment of Goodwill	-	-	-	-	-	-13.93
Gain (Loss) on Sale of Investments	-	-	-	-1.05	-	-
Gain (Loss) on Sale of Assets	6.57	6.57	3.89	4.43	3.4	0.23
Asset Writedown	-	-	-	-	-	-1.08
Legal Settlements	-	-	-	0.86	-	-
Pretax Income	48.12	27.32	38.76	25.17	23.08	-37.36
Income Tax Expense	6.72	5.62	9.08	5.84	4.98	4.47
Earnings From Continuing Operations	41.41	21.71	29.69	19.33	18.1	-41.83
Minority Interest in Earnings	-5.14	-0.14	-0.22	-0.03	-0.12	-0.06
Net Income	36.26	21.56	29.47	19.3	17.98	-41.89
Net Income to Common	36.26	21.56	29.47	19.3	17.98	-41.89
Net Income Growth	128.48%	-26.84%	52.68%	7.36%	-	-
Shares Outstanding (Basic)	15	17	17	17	17	18
Shares Outstanding (Diluted)	15	17	17	17	17	18
Shares Change (YoY)	-16.14%	-1.67%	-	-0.11%	-0.36%	-0.21%
EPS (Basic)	2.47	1.25	1.69	1.10	1.03	-2.39
EPS (Diluted)	2.47	1.25	1.69	1.10	1.03	-2.39
EPS Growth	171.88%	-25.86%	53.28%	7.06%	-	-
Free Cash Flow	266.24	80.84	61.53	7.43	44.31	73.13
Free Cash Flow Per Share	18.15	4.70	3.52	0.42	2.53	4.16
Dividend Per Share	-	0.326	0.318	0.249	-	-
Dividend Growth	-	2.57%	27.33%	-	-	-
Gross Margin	12.55%	11.70%	12.10%	13.88%	13.30%	19.14%
Operating Margin	5.36%	3.78%	3.89%	4.60%	4.01%	-1.71%
Profit Margin	4.61%	2.85%	4.15%	2.84%	3.03%	-7.36%
Free Cash Flow Margin	33.87%	10.67%	8.65%	1.09%	7.48%	12.85%
EBITDA	50.32	35.52	27.74	31.54	25.23	5.49
EBITDA Margin	6.40%	4.69%	3.90%	4.64%	4.26%	0.97%
D&A For EBITDA	8.21	6.91	0.06	0.31	1.45	15.21
EBIT	42.11	28.61	27.68	31.23	23.79	-9.72
EBIT Margin	5.36%	3.78%	3.89%	4.60%	4.01%	-1.71%
Effective Tax Rate	13.96%	20.56%	23.41%	23.20%	21.59%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.