BUD:WABERERS Balance Sheet

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
Cash & Equivalents	150	54.67	67.07	90.12	58.58	76.11
Short-Term Investments	36.1	33.32	42.47	46.2	27.87	-
Trading Asset Securities	-	74.6	-	-	-	-
Cash & Short-Term Investments	186.1	162.59	109.54	136.33	86.45	76.11
Cash Growth	165.86%	48.43%	-19.65%	57.69%	13.59%	49.61%
Accounts Receivable	106.8	99.48	107.08	108.5	90.28	72.93
Other Receivables	-	15.18	19.35	13.53	17.77	21.91
Receivables	106.8	114.71	126.57	122.16	108.19	94.97
Inventory	-	3.98	4.78	4.17	3.63	2.56
Prepaid Expenses	-	12.99	10.46	11.44	4.27	-
Other Current Assets	91.5	20.15	17.56	5.2	1.35	1.28
Total Current Assets	384.4	314.42	268.9	279.29	203.89	174.93
Property, Plant & Equipment	281.2	247	245.43	181.78	148.29	158.25
Long-Term Investments	578.8	471.57	117.59	72.23	70.34	85.26
Goodwill	24.6	18.29	17.9	17.89	17.73	17.73
Other Intangible Assets	-	15.69	12.6	13.08	16.15	16.56
Long-Term Accounts Receivable	-	1.57	0.39	-	-	-
Long-Term Deferred Tax Assets	-	4.49	2.93	6.32	6.01	2.82
Other Long-Term Assets	72.6	51.87	37.81	44.77	53.27	43.41
Total Assets	1,342	1,125	703.56	615.38	515.68	498.96
Accounts Payable	86.8	93.76	96.09	98.18	87.61	81.73
Accrued Expenses	-	45.73	38.44	26.73	35.71	35.21
Short-Term Debt	5.8	4.31	7.02	6.99	29.92	31.82
Current Portion of Leases	42.7	47.94	45.87	36.05	53.89	62.02
Current Income Taxes Payable	-	0.91	3.6	1.67	1.17	2.06
Current Unearned Revenue	-	-	0.24	3.37	-	-
Other Current Liabilities	69.1	3.15	-	1.03	1.53	5.39
Total Current Liabilities	204.4	195.8	191.26	174.03	209.82	218.21
Long-Term Debt	119.2	114.64	113.83	113.81	20.76	-
Long-Term Leases	140.3	139.34	141.38	117.08	78.29	101.53
Pension & Post-Retirement Benefits	-	0.09	0.27	-	-	-
Long-Term Deferred Tax Liabilities	-	4.04	1.91	3.24	2.14	0.91
Other Long-Term Liabilities	642.3	491.53	103.63	94.11	135.85	121.92
Total Liabilities	1,106	945.43	552.29	502.28	446.86	442.57
Common Stock	6	6.01	6.12	6.12	6.12	6.15
Retained Earnings	-	134.7	124.15	100.6	6.2	-
Comprehensive Income & Other	193.3	11.26	20.74	6.15	56.18	50.03
Total Common Equity	199.3	151.97	151.01	112.87	68.49	56.18
Minority Interest	36.1	27.51	0.26	0.23	0.33	0.21
Shareholders' Equity	235.4	179.47	151.27	113.1	68.82	56.39
Total Liabilities & Equity	1,342	1,125	703.56	615.38	515.68	498.96
Total Debt	308	306.22	308.1	273.94	182.86	195.36
Net Cash (Debt)	-121.9	-143.63	-198.57	-137.62	-96.41	-119.25
Net Cash Per Share	-8.31	-8.36	-11.36	-7.87	-5.51	-6.79
Filing Date Shares Outstanding	13.86	17.16	17.48	17.48	17.48	17.48
Total Common Shares Outstanding	13.86	17.16	17.48	17.48	17.48	17.48
Working Capital	180	118.62	77.64	105.27	-5.94	-43.28
Book Value Per Share	14.38	8.85	8.64	6.46	3.92	3.21
Tangible Book Value	174.7	117.98	120.51	81.89	34.61	21.9
Tangible Book Value Per Share	12.61	6.87	6.89	4.69	1.98	1.25
Land	-	69.2	61.77	35.51	-	-
Machinery	-	60.53	61.19	53.41	39.81	34.77
Construction In Progress	-	-	-	-	0.45	0.22

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