Revenue

+5.8%

Revenue increased by 5.8% with revenue per hl growth of 4.5%.

Reported revenue increased by 12.0% to 15 267 million USD, positively impacted by currency translation.

8.2% increase in combined revenues of megabrands, led by Corona, which grew by 16% outside of its home market.

27% increase in revenue of no-alcohol beer.

37% increase in revenue of Beyond Beer.

55% increase in Gross Merchandise Value (GMV) from sales of third-party products through BEES Marketplace to reach 1.1 billion USD.

+0.8%

Volumes increased by 0.8%, with beer volumes up by 1.2% and non-beer volumes down by 1.9%.

Normalized EBITDA

+5.3%

Normalized EBITDA increased by 5.3% to 5 437 million USD, with a margin contraction of 15 bps to 35.6%.

Underlying Profit

1 923 million USD

Underlying Profit was 1 923 million USD in 1Q26 compared to 1 606 million USD in 1Q25.

Reported profit attributable to equity holders of AB InBev was 2 563 million USD in 1Q26 compared to 2 148 million USD in 1Q25, both positively impacted by non-underlying items.

Underlying EPS

0.97 USD

Underlying EPS increased by 20.8% to 0.97 USD in 1Q26, compared to 0.81 USD in 1Q25.

On a constant currency basis, Underlying EPS increased by 8.8%.

1The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. For important disclaimers and notes on the basis of preparation, please refer to page 12.