BUD:WABERERS 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
Operating Revenue	816.2	757.47	710.91	679.36	592.53
Revenue	816.2	757.47	710.91	679.36	592.53
Revenue Growth (YoY)	7.75%	6.55%	4.64%	14.65%	4.07%
Cost of Revenue	640.1	668.87	624.86	585.08	513.74
Gross Profit	176.1	88.59	86.05	94.28	78.79
Selling, General & Admin	-	75.38	67.13	57.81	54.14
Other Operating Expenses	64.2	-15.39	-8.77	5.07	0.37
Operating Expenses	119.8	59.98	58.36	63.05	55
Operating Income	56.3	28.61	27.68	31.23	23.79
Interest Expense	-11.8	-14.14	-13.12	-7.96	-3.97
Interest & Investment Income	-	9.64	11.82	6.64	0.01
Earnings From Equity Investments	1.3	2.41	-0	-	-
Currency Exchange Gain (Loss)	9.2	-5.99	5.05	-4.91	0.09
Other Non Operating Income (Expenses)	0.1	0.22	3.45	-4.07	-0.23
EBT Excluding Unusual Items	55.1	20.75	34.87	20.93	19.68
Gain (Loss) on Sale of Investments	-	-	-	-1.05	-
Gain (Loss) on Sale of Assets	-	6.57	3.89	4.43	3.4
Legal Settlements	-	-	-	0.86	-
Pretax Income	55.1	27.32	38.76	25.17	23.08
Income Tax Expense	11.5	5.62	9.08	5.84	4.98
Earnings From Continuing Operations	43.6	21.71	29.69	19.33	18.1
Minority Interest in Earnings	-6	-0.14	-0.22	-0.03	-0.12
Net Income	37.6	21.56	29.47	19.3	17.98
Net Income to Common	37.6	21.56	29.47	19.3	17.98
Net Income Growth	74.38%	-26.84%	52.68%	7.36%	-
Shares Outstanding (Basic)	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17
Shares Change (YoY)	-0.56%	-1.67%	-	-0.11%	-0.36%
EPS (Basic)	2.20	1.25	1.69	1.10	1.03
EPS (Diluted)	2.20	1.25	1.69	1.10	1.03
EPS Growth	76.00%	-25.86%	53.28%	7.06%	-
Free Cash Flow	169.5	80.84	61.53	7.43	44.31
Free Cash Flow Per Share	9.92	4.70	3.52	0.42	2.53
Dividend Per Share	0.364	0.326	0.318	0.249	-
Dividend Growth	11.89%	2.57%	27.33%	-	-
Gross Margin	21.58%	11.70%	12.10%	13.88%	13.30%
Operating Margin	6.90%	3.78%	3.89%	4.60%	4.01%
Profit Margin	4.61%	2.85%	4.15%	2.84%	3.03%
Free Cash Flow Margin	20.77%	10.67%	8.65%	1.09%	7.48%
EBITDA	105.3	35.52	27.74	31.54	25.23
EBITDA Margin	12.90%	4.69%	3.90%	4.64%	4.26%
D&A For EBITDA	49	6.91	0.06	0.31	1.45
EBIT	56.3	28.61	27.68	31.23	23.79
EBIT Margin	6.90%	3.78%	3.89%	4.60%	4.01%
Effective Tax Rate	20.87%	20.56%	23.41%	23.20%	21.59%

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