BUD:WABERERS Balance Sheet

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
Cash & Equivalents	180.2	54.67	67.07	90.12	58.58
Short-Term Investments	70.5	33.32	42.47	46.2	27.87
Trading Asset Securities	1.6	74.6	-	-	-
Cash & Short-Term Investments	252.3	162.59	109.54	136.33	86.45
Cash Growth	55.18%	48.43%	-19.65%	57.69%	13.59%
Accounts Receivable	120.7	99.48	107.08	108.5	90.28
Other Receivables	1.8	15.18	19.35	13.53	17.77
Receivables	122.5	114.71	126.57	122.16	108.19
Inventory	10.6	3.98	4.78	4.17	3.63
Prepaid Expenses	-	12.99	10.46	11.44	4.27
Other Current Assets	92.2	20.15	17.56	5.2	1.35
Total Current Assets	477.6	314.42	268.9	279.29	203.89
Property, Plant & Equipment	311.9	247	245.43	181.78	148.29
Long-Term Investments	561.7	471.57	117.59	72.23	70.34
Goodwill	25	18.29	17.9	17.89	17.73
Other Intangible Assets	15.8	15.69	12.6	13.08	16.15
Long-Term Accounts Receivable	-	1.57	0.39	-	-
Long-Term Deferred Tax Assets	3.6	4.49	2.93	6.32	6.01
Other Long-Term Assets	0.1	51.87	37.81	44.77	53.27
Total Assets	1,396	1,125	703.56	615.38	515.68
Accounts Payable	107.2	93.76	96.09	98.18	87.61
Accrued Expenses	637	45.73	38.44	26.73	35.71
Short-Term Debt	4.7	4.31	7.02	6.99	29.92
Current Portion of Leases	53.2	47.94	45.87	36.05	53.89
Current Income Taxes Payable	3.2	0.91	3.6	1.67	1.17
Current Unearned Revenue	-	-	0.24	3.37	-
Other Current Liabilities	48.3	3.15	-	1.03	1.53
Total Current Liabilities	853.6	195.8	191.26	174.03	209.82
Long-Term Debt	123.4	114.64	113.83	113.81	20.76
Long-Term Leases	150.2	139.34	141.38	117.08	78.29
Pension & Post-Retirement Benefits	-	0.09	0.27	-	-
Long-Term Deferred Tax Liabilities	6.7	4.04	1.91	3.24	2.14
Other Long-Term Liabilities	22	491.53	103.63	94.11	135.85
Total Liabilities	1,156	945.43	552.29	502.28	446.86
Common Stock	6	6.01	6.12	6.12	6.12
Retained Earnings	-	134.7	124.15	100.6	6.2
Comprehensive Income & Other	197.7	11.26	20.74	6.15	56.18
Total Common Equity	203.7	151.97	151.01	112.87	68.49
Minority Interest	36.1	27.51	0.26	0.23	0.33
Shareholders' Equity	239.8	179.47	151.27	113.1	68.82
Total Liabilities & Equity	1,396	1,125	703.56	615.38	515.68
Total Debt	331.5	306.22	308.1	273.94	182.86
Net Cash (Debt)	-79.2	-143.63	-198.57	-137.62	-96.41
Net Cash Per Share	-4.63	-8.36	-11.36	-7.87	-5.51
Filing Date Shares Outstanding	17.83	17.16	17.48	17.48	17.48
Total Common Shares Outstanding	17.83	17.16	17.48	17.48	17.48
Working Capital	-376	118.62	77.64	105.27	-5.94
Book Value Per Share	11.42	8.85	8.64	6.46	3.92
Tangible Book Value	162.9	117.98	120.51	81.89	34.61
Tangible Book Value Per Share	9.13	6.87	6.89	4.69	1.98
Land	-	69.2	61.77	35.51	-
Machinery	-	60.53	61.19	53.41	39.81
Construction In Progress	-	-	-	-	0.45

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