Market Overview - Major U.S. indices showed a rebound with the S&P 500 up approximately 0.6%, the Dow up about 0.3%, and the Nasdaq composite up around 0.8% [6] - The trading day ended with a total of 317 stocks advancing and 185 declining, indicating a generally positive market sentiment [7] Booking Holdings - Booking Holdings reported earnings per share (EPS) of $48.80, aligning closely with street estimates, and revenue of $6.35 billion, slightly above the expected $6.13 billion [8][9] - Gross bookings reached $43 billion, surpassing the anticipated $41.99 billion, but the stock saw limited movement post-announcement [9] - The company’s CEO emphasized the focus on generative AI as an opportunity rather than a threat, aiming to enhance value for travelers and partners [11][12] - Booking Holdings anticipates first-quarter room nights to increase by 5% to 7% and gross bookings growth in the low double digits, with a forecast of 14% to 16% growth for the first quarter [13] Avis Budget - Avis Budget reported a revenue miss of $2.66 billion against expectations of $2.74 billion, resulting in a net loss attributed to a $518 million asset impairment [15] - The company noted a 21% decrease in per unit fleet costs but provided a full-year adjusted EBITDA forecast of $800 million to $1 billion, with the upper end below street estimates [15] Omnicom - Omnicom's fourth-quarter revenue was reported at $5.5 billion, exceeding the street estimate of $4.52 billion, although adjusted EPS was slightly below expectations at $2.59 [17] Cadence Design Systems - Cadence Design Systems experienced a significant stock increase of approximately 7.6% after reporting fourth-quarter results that beat expectations and provided a positive outlook [18] Wingstop - Wingstop shares rose about 10% after reporting adjusted EPS and domestic comp sales growth for the fourth quarter that exceeded consensus estimates, despite concerns about consumer spending [20] DoorDash - DoorDash's fourth-quarter EPS was reported at $0.48, missing estimates of $0.55, with revenue also falling short of expectations for the first quarter [21][22] eBay - eBay's fourth-quarter net revenue was $2.97 billion, surpassing estimates of $2.87 billion, and the company announced plans to acquire Depop from Etsy for approximately $1.625 billion [23][25] Molson Coors - Molson Coors reported net sales of $2.66 billion, slightly below analyst estimates, but underlying EPS beat expectations at $1.21 per share [26] - Year-over-year net sales declined by about 3%, reflecting ongoing challenges in the beer market [27] Carvana - Carvana's fourth-quarter adjusted EBITDA was reported at $511 million, missing the street estimate of $535.7 million, while revenue was $5.6 billion, exceeding expectations [28]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell with the global simulcast Carol Massar and Tim Stenovec pop up on the screen. Welcome to our audiences across all of our Bloomberg platforms.That's television, that's radio. That's our partnership with YouTube passing the most crucial moments of the day. Carol Massar Yes, we had a little bit of a rebound rally here on the day, some of the gains being given back ...

Core Viewpoint - Molson Coors reported mixed quarterly results, with earnings per share exceeding expectations but revenue falling short of consensus estimates, indicating challenges in the current macroeconomic environment [2][3]. Financial Performance - Quarterly earnings were reported at $1.21 per share, surpassing the consensus estimate of $1.16 [2]. - Revenue for the quarter was $2.66 billion, which missed the Street consensus estimate of $2.72 billion and decreased from $2.74 billion in the same period last year [2]. - Net sales decreased by 2.7% as reported and 4% in constant currency [3]. - Underlying (Non-GAAP) income before income taxes was $296.8 million, reflecting a decrease of 13.8% in constant currency [3]. Management Commentary - CEO Rahul Goyal acknowledged the impact of macroeconomic issues on the industry but emphasized the company's ability to meet revised bottom-line expectations while narrowly missing top-line guidance [3]. - Goyal also highlighted the strength of the company's brands, infrastructure, and balance sheet as key factors in navigating macro volatility [4]. Stock Performance - Following the earnings report, Molson Coors stock experienced a decline of 7.02%, closing at $47.25 in extended trading [4].

C A G N Y 2 0 2 6 Market and Industry Data: The market and industry data used, if any, in this presentation, are based on independent industry publications, customers, trade or business organizations, reports by market research firms and other published statistical information from third parties , including Circana (formerly Information Resources, Inc.) for U.S. market data and Beer Canada for Canadian market data (collectively, the Third Party Information"), as well as information based on management's goo ...

Group 1 - The company, known for brands like Blue Moon and Miller High Life, reported a net sales decline of 2.7% [1] - Net sales amounted to $2.66 billion, which fell short of analyst estimates of $2.72 billion [1]

Company Overview - Molson Coors Beverage Company operates primarily in the Americas and EMEA&APAC segments, with a diverse portfolio that includes core brands like Coors Light and Miller Lite, as well as flavored beverages and spirits[20][21][30]. - The Americas segment includes nine primary breweries and three craft breweries, with significant distribution partnerships in Canada, including agreements with Heineken and Red Tree Beverages[30][31]. - The EMEA&APAC segment generates over 55% of its net sales from the U.K., with a total of ten primary breweries and three craft breweries operating in the region[31]. Financial Performance - Net sales for the year ended December 31, 2025, decreased by 4.2% to $11,140.8 million, primarily driven by an 8.6% decline in financial volume[206]. - The cost of goods sold for the same period was $6,866.2 million, reflecting a 3.2% decrease compared to the previous year[206]. - Gross profit decreased by 5.7% to $4,274.6 million, with marketing, general, and administrative expenses down by 2.7% to $2,643.9 million[206]. - Financial volume decreased by 8.6% for the year ended December 31, 2025, primarily due to lower shipments in both the Americas and EMEA&APAC segments[213]. - Price and sales mix positively impacted net sales by 3.8%, with net sales per hectoliter increasing by 4.8%[214]. - Foreign currency movements had a favorable impact of $77.6 million on net sales, although they negatively impacted cost of goods sold by $50.1 million[208]. Product Strategy - The company aims to transform into a total beverage company, focusing on premium mixers, non-alcoholic beverages, and energy drinks, while continuing to champion its beer portfolio[28][27]. - The company has made significant progress in diversifying its product offerings to meet shifting consumer preferences towards above premium products and flavored malt beverages[26][27]. - In 2025, Coors Light and Miller Lite brands represented approximately 55% of segment net sales, while brands in EMEA&APAC accounted for about 45%[78]. - The company anticipates acquiring additional businesses, similar to the Blue Run Spirits, Inc. acquisition in Q3 2023, and increasing its investment in ZOA in Q4 2024[156]. Market Dynamics - The brewing industry is highly competitive, with Molson Coors among the top five global brewers, competing directly with Anheuser-Busch InBev and Constellation Brands in the U.S. and Canada[25]. - Approximately 40% of total industry volume occurs during the summer months (May through August), indicating seasonality in beer consumption[34]. - The company faces risks from evolving consumer preferences, including a shift towards premium products and non-alcoholic beverages, which could adversely affect its market position[79]. - Economic conditions, including inflation and reduced discretionary spending, could negatively impact demand for the company's products[88]. Regulatory and Compliance Risks - The company is addressing regulatory pressures related to health warnings on alcoholic beverages, which could affect consumer purchasing patterns and compliance costs[87]. - Changes in environmental and trade regulations could cause volatility and materially affect business and financial results[136]. - The company faces risks related to compliance with international trade policies, including tariffs and trade agreements, which could adversely affect supply chain and operational results[140]. - Regulatory compliance related to data privacy laws is becoming increasingly challenging, with potential financial penalties and reputational damage if violations occur[104]. Sustainability Initiatives - The company has invested in sustainable farming practices and does not anticipate significant future difficulties in accessing water or agricultural products[56]. - The company has a long-standing commitment to environmental sustainability, with goals established in 2017 for climate and water[69]. - By the end of 2025, the company aims to reduce Scope 1 and Scope 2 GHG emissions by 50% from the 2016 baseline, with a target of 65% reduction by 2030 and achieving net zero emissions by 2050[73]. - The company plans to ensure that PET bottles in its Central and Eastern European operations contain at least 30% recycled content by the end of 2030[73]. Operational Challenges - Supply chain disruptions, exacerbated by geopolitical tensions like the Russia-Ukraine conflict, could lead to increased commodity prices and operational delays, adversely affecting financial performance[90]. - Labor shortages and increased labor costs due to competitive market conditions could negatively impact operations and financial results[108]. - The company relies on a large volume of agricultural and raw materials, with prices subject to fluctuations due to unpredictable global conditions, which could adversely affect production costs[92]. - The company has incurred costs associated with brewery closures as part of a strategic review of its supply chain network, which could lead to further closures and related costs[110]. Cybersecurity and IT Risks - The company has a dedicated cybersecurity program overseen by experienced professionals, ensuring robust risk management and compliance[169]. - The company experienced a systems outage in March 2021 due to a cybersecurity incident, resulting in $2.4 million in incremental one-time costs for consultants and data recovery efforts[174]. - The implementation of a new ERP system may elevate exposure to cybersecurity threats, impacting business operations and financial condition[118]. - The company relies heavily on third-party service providers for information technology functions, which could lead to disruptions in business operations if these services fail[106]. Financial Health and Debt Management - The company faces risks related to its debt levels, which may limit flexibility in responding to business needs and could lead to defaults if financial covenants are breached[119]. - A deterioration in credit ratings could increase borrowing costs and negatively impact the ability to refinance debt, with potential downgrades from rating agencies if deleveraging commitments are not met[121]. - The Americas reporting unit recorded a partial goodwill impairment loss of $3,645.7 million in Q3 2025 due to a triggering event indicating the carrying value exceeded fair value[124]. - A partial impairment charge of $198.6 million was recorded for the Staropramen family of brands in the EMEA&APAC segment during Q3 2025[125]. Shareholder and Market Considerations - The company announced a corporate restructuring plan in October 2025 aimed at creating a leaner organization, which may involve higher than anticipated restructuring costs[80]. - Shareholder activism and unsolicited takeover proposals may disrupt business operations and financial results, diverting management's attention[165]. - The controlling stockholders' interests may differ from those of other stockholders, potentially preventing beneficial decisions for the company[166]. - The Board approved a share repurchase program of up to $4.0 billion for Class B common stock, with approximately $2.6 billion remaining available for repurchase as of December 31, 2025[189].

(Mark One) ____________________________________________________________ FORM 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ . Commission File Number: 1-14829 Molson Coors Beverage Company (Ex ...

Exhibit 99.1 NEWS RELEASE Molson Coors Beverage Company Reports 2025 Fourth Quarter and Full Year Results Golden, Colorado and Montréal, Québec – February 18, 2026 – Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2025 fourth quarter and full year. 2025 FOURTH QUARTER FINANCIAL HIGHLIGHTS 2025 FULL YEAR FINANCIAL HIGHLIGHTS CEO AND CFO PERSPECTIVES See Appendix for definitions and reconciliations of non-GAAP financi ...

Exhibit 99.1 NEWS RELEASE Molson Coors Beverage Company Reports 2025 Fourth Quarter and Full Year Results Golden, Colorado and Montréal, Québec – February 18, 2026 – Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2025 fourth quarter and full year. 2025 FOURTH QUARTER FINANCIAL HIGHLIGHTS 2025 FULL YEAR FINANCIAL HIGHLIGHTS CEO AND CFO PERSPECTIVES See Appendix for definitions and reconciliations of non-GAAP financi ...

Q4 & FY 2025 RESULTS & OUTLOOK FORWARD LOOKING STATEMENTS & OTHER INFORMATION This presentation includes "forward-looking statements" within the meaning of the U.S. federal securities laws. Generally, the words "expects," "intends," "goals," "plans," "believes," "confidence", "views," "continues," "may," "anticipate," "seek," "estimate," "outlook," "trends," "future benefits," "potential," "projects," "strategies," and variations of such words and similar expressions are intended to identify forward-looking ...