BUD APAC(HK:01876) 智通财经网·2025-10-30 06:10Core Viewpoint - Budweiser APAC reported a decline in total revenue and profit for the first three quarters, indicating challenges in the market, particularly in China, despite strong performance in India and some regions in Asia [1]. Financial Performance - Total revenue for the first three quarters was $4.691 billion, a year-on-year decrease of 6.6% [1]. - Profit attributable to equity holders was $594 million, down 19.95% year-on-year [1]. - Total sales volume decreased by 7.0% in the first nine months of 2025, with a decline of 8.6% in the third quarter [1]. Regional Performance - The Asia Pacific West region benefited from strong performance in the Indian market, while the Chinese market showed better-than-expected results [1]. - The Asia Pacific East region's third-quarter revenue performance was stronger than anticipated [1]. Management Insights - The CEO and Co-Chairman noted that the business in China continues to face challenges due to weak performance in ready-to-drink channels and overall business layout [1]. - In South Korea, gross margin expansion was observed, with performance across various channels exceeding industry levels [1]. - The company aims to focus on strengthening its core product portfolio, expanding non-ready-to-drink marketing, and enhancing execution capabilities to seize future growth opportunities [1].