Core Viewpoint - Coca-Cola's shares have increased by approximately 11% in 2026, significantly outperforming the S&P 500, which has declined nearly 1% during the same period, following strong earnings announcements and the upcoming leadership change [1] Financial Performance - The fourth-quarter organic revenue grew by 5% year over year, consistent with the full-year growth, indicating strong underlying business performance [3] - Comparable currency-neutral operating income increased by 13% for both the fourth quarter and the full year, driven by organic revenue growth and effective cost management [6] - The company's free cash flow reached $11.4 billion for the full year, excluding a contingent consideration payment related to its Fairlife acquisition [7] Management Insights - Incoming CEO Henrique Braun highlighted improved momentum, with volume growth observed each month during the fourth quarter, despite challenges from lower-income consumers [4] - Management anticipates continued strong growth, guiding for 4% to 5% organic revenue growth and 5% to 6% comparable currency-neutral earnings-per-share growth in 2026 [8] Challenges - The company reported a 32% year-over-year decline in fourth-quarter operating income, primarily due to a $960 million non-cash impairment charge related to the BODYARMOR trademark and significant currency headwinds [5]

I visited a tiny island in Scotland to check out one of the country's few working distilleries that you can stay at overnight. It is beautiful. The island is called Rzzi.It's a sliver of land about the size of Manhattan with a population of fewer than 200 people. And it was my second stop on a 500-m tour of Scotland's evolving whiskey landscape. In 2022, Scotch distilleries and visitor centers were the most popular attraction in the country, according to the Scotch Whiskey Association.But I wanted to skip t ...

Company Overview - Keurig Dr Pepper, Inc. was established through the merger of Keurig Green Mountain and Dr Pepper Snapple Group Inc. on July 9, 2018 [11] - The company generates annual revenues exceeding $15 billion as of December 31, 2025, and operates as a leading beverage and coffee provider in the United States and Canada [11] Zacks Rank and Style Scores - KDP is currently rated as 3 (Hold) on the Zacks Rank, with a VGM Score of B [11] - The Value Style Score for KDP is B, supported by attractive valuation metrics such as a forward P/E ratio of 12.99, which is appealing to value investors [12] - Four analysts have revised their earnings estimates higher in the last 60 days for fiscal 2026, with the Zacks Consensus Estimate increasing by $0.02 to $2.17 per share [12] - KDP has an average earnings surprise of +3.1%, indicating a positive trend in earnings performance [12] Investment Considerations - With a solid Zacks Rank and top-tier Value and VGM Style Scores, KDP is recommended to be on investors' short list for potential investment opportunities [12]

Core Insights - Asahi Group Holdings reported a 26% decline in net profit for the first nine months of 2025, amounting to Y103.96 billion ($658.6 million) due to a cyberattack that affected operations [1] - Operating profit decreased by 18% to Y158.71 billion, with a 5.5% drop in "core" operating profit, or 4.6% on a constant-currency basis [1] Revenue Performance - Revenue fell 0.6% to Y2.15 trillion during the first nine months of 2025, with a similar decline when adjusted for exchange rates [2] - In Japan & East Asia, revenue grew by 1.3% to Y1.03 trillion on a constant-currency basis, attributed to "price revisions" [5] - Revenue in Europe declined by 3% to Y582.6 billion, impacted by "unseasonal weather" [5] - Asia Pacific revenue increased by 3.1% to Y531.3 million, driven by sales of non-alcoholic products [5] Operational Impact - The cyberattack in September caused a "systems failure" that affected production and distribution in Japan, but operations resumed a week later [4] - The European operations were not impacted by the cyberattack, and cost efficiencies led to a 1% increase in core operating profit for the European arm [6] - The Asia Pacific unit's core operating profit decreased by 0.9% [6] Market Conditions - Revenue in Europe shrank by 2.5% compared to 2024, which was below expectations, although core operating profit remained "in line with plan" with low single-digit growth [7] - Asia-Pacific recorded a revenue growth of 3.7% versus 2024, but this was below plan due to slower-than-expected recovery in demand, particularly in Oceania markets [7][8]

Core Viewpoint - Coca-Cola is considered to have a safer dividend compared to PepsiCo, despite both being Dividend Kings, due to Coca-Cola's stronger cash flow guidance and lower payout ratios [1]. Group 1: Coca-Cola Overview - Coca-Cola has a 64-year streak of annual dividend increases, with a current yield of 2.6% and a forward free cash flow (FCF) payout ratio of 72% [1]. - The company generated $47.9 billion in revenue for FY2025, with a reported free cash flow of $5.3 billion and an operating cash flow of $7.4 billion [1]. - Management has guided for FY2026 free cash flow of approximately $12.2 billion, indicating a recovery in dividend coverage [1]. Group 2: PepsiCo Overview - PepsiCo has a 54-year streak of annual dividend increases, with a current yield of 3.5% and a concerning FCF payout ratio of approximately 98% [1]. - The company reported FY2025 revenue of $93.9 billion, but faced a 19.6% decline in operating income and a 14% drop in net income due to significant impairments and restructuring charges [1]. - PepsiCo's free cash flow for FY2025 was $7.67 billion, which barely covered its $7.64 billion in dividends, indicating a tight financial situation [1]. Group 3: Dividend Safety Ratings - Coca-Cola's dividend safety rating is classified as safe, supported by its lower leverage and improving earnings guidance [1]. - PepsiCo's dividend safety rating is categorized as moderate risk due to its high FCF payout ratio and rising earnings payout ratio, leaving little room for error [1].

Core Insights - Greene Concepts Inc.'s Be Water™ has been selected for inclusion in the prestigious "Everyone Wins" Nominee Gift Bags during a major entertainment event in Hollywood on March 16, 2026, providing significant exposure to influential industry figures [1][1][1] - The brand emphasizes its unique selling proposition, focusing on the natural origin of its water rather than heavy purification processes, positioning itself as a premium American artesian spring water [1][1][1] - CEO Lenny Greene highlighted that this opportunity aligns with the company's strategy to enhance visibility and credibility in high-profile environments, reinforcing the brand's commitment to quality and consistency [1][1][1] Company Overview - Greene Concepts Inc. operates a 60,000-square-foot bottling facility in Marion, North Carolina, and produces Be Water™, a premium artesian spring water brand [1][1][1] - The company's water is ethically sourced from spring and artesian wells, drawing from a natural aquifer beneath the Blue Ridge Mountains, supporting total body health and wellness [1][1][1] - Greene Concepts aims to provide high-quality beverage choices that meet consumer nutritional needs while enhancing their overall well-being [1][1][1]

Core Viewpoint - GURU Organic Energy Corp. has launched a new flavor, GURU Zero Orange Raspberry Sorbet, as part of its GURU Zero lineup, aiming to provide a refreshing, organic energy drink experience that resonates with health-conscious consumers [1][2][4]. Product Launch - The new flavor will debut in a prominent convenience and gas banner, with broader distribution planned across Quebec retailers and online platforms such as GURUenergy.com and Amazon [2]. - GURU Zero Orange Raspberry Sorbet is the second flavor in the Sorbet series and the sixth addition to the GURU Zero lineup, reflecting the company's commitment to clean, organic energy [2][4]. Flavor Profile - The drink combines the citrus brightness of orange with the sweet tartness of raspberry, designed to evoke the taste of summer treats [3]. - The product is crafted to deliver a naturally uplifting experience using organic ingredients, including 140 mg of natural caffeine from green tea, and contains zero sugar, sucralose, or aspartame [7]. Strategic Importance - The Sorbet series is a key component of GURU's strategy to promote the Good Energy movement, demonstrating that healthier energy options can be both exciting and desirable [5]. - The launch follows the successful introduction of GURU Zero Dragon Fruit Cherry Sorbet in January 2026, indicating a positive trend in the brand's flavor innovation [4]. Company Overview - GURU Organic Energy Corp. is a fast-growing beverage company that markets organic energy drinks in Canada and the U.S. through approximately 25,000 points of sale [9]. - The company emphasizes a clean ingredient list, focusing on natural caffeine and avoiding artificial sweeteners, aligning with consumer preferences for healthier beverage options [9].

Core Viewpoint - Retirees are increasingly seeking income from emerging market dividend ETFs, with the SPDR S&P Emerging Markets Dividend ETF (EDIV) offering a 4.28% yield compared to a 10-year Treasury rate of 4.13%, raising questions about the risk-reward balance [2][6] Group 1: Income Generation - EDIV tracks a yield-weighted index of dividend-paying companies in emerging markets, focusing on those with the highest dividends relative to their size, primarily in sectors like banks, telecom, and consumer staples [2] - The fund's top holdings include major companies such as Ambev, Bradesco, and China Railway Group, with significant exposure to Taiwan, Brazil, Malaysia, South Africa, and China [2] Group 2: Dividend History - EDIV has maintained consistent quarterly distributions since its inception in February 2011, but the payment amounts vary significantly, with Q3 typically being the largest [3] - For instance, in 2025, the September payment was $0.659 while the December payment dropped to $0.253, which may disrupt retirees' budgeting plans [3] Group 3: Structural Risks - The stability of income from EDIV is contingent on the dividends from underlying companies, which are subject to currency fluctuations against the dollar, introducing additional risk [4] - The fund's exposure to various emerging market currencies carries unique political and economic risks that could impact dividend payouts [4] Group 4: Performance and Volatility - Despite concerns about geographic concentration and historical underperformance compared to traditional market-cap-weighted funds, EDIV has shown strong long-term price appreciation of 70.08% over five years [5] - The fund is characterized by short-term volatility, with the VIX at 23.75 indicating that sharp weekly price movements are common, which retirees should be prepared for [5][6]

Core Viewpoint - The valuation of Gong Cha has significantly increased, rising by over 10 billion RMB in just four to five years, with a current estimated valuation of approximately 20 billion USD (about 140 billion RMB) [2][3]. Company Background - Gong Cha, founded in 2006 by Wu Zhenhua in Kaohsiung, Taiwan, revolutionized the tea beverage market by offering high-quality tea drinks made with real tea and milk, rather than powdered ingredients [5]. - The brand quickly gained popularity in Taiwan and expanded internationally, opening its first overseas store in Hong Kong in 2009 and entering the mainland China market in 2010 [6][7]. Market Expansion - By 2017, Gong Cha had over 750 stores in mainland China, surpassing competitors like Yi Dian Dian and emerging brands such as Heytea and Nayuki [7][8]. - The brand faced challenges from counterfeit products and increased competition, prompting it to focus on global markets, particularly in South Korea, where it became the leading bubble tea brand [9][11]. Ownership and Investment History - In 2012, Australian investor Martin Berry acquired the franchise rights for Gong Cha and expanded its presence in South Korea, leading to a reverse acquisition in 2016 where Berry's company acquired 70% of the Taiwanese parent company [12]. - In 2019, TA Associates purchased 100% of Gong Cha for approximately 3 billion USD, marking a significant investment in the brand [12]. Current Operations and Future Plans - Gong Cha currently operates over 2,400 stores in 32 countries, with a focus on markets such as South Korea, Japan, and North America [13]. - The company plans to open 240 new stores globally in 2024 and aims to reach a total of 10,000 stores by 2032 [13][14]. Competitive Advantages - Gong Cha's operational efficiency, with simplified business models and innovative store formats, allows for rapid expansion [15]. - The introduction of a new store model, "Gong Cha 2.0," features a digital kitchen system that enhances service speed and efficiency [16]. Industry Context - The new tea beverage market in China is entering a phase of saturation, with major brands needing to explore overseas markets for growth [17]. - Gong Cha's early international expansion positions it favorably to capitalize on this trend, as it has established a strong brand presence and operational capabilities in various regions [18].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 As filed with the Securities and Exchange Commission on March 9, 2026. Registration Statement No. 333- AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INNOVATION BEVERAGE GROUP LIMITED (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Sichenzia Ross Ference Carmel LLP 1185 Avenue of the Americas, 31st Floor New York, NY 10036 Tel: (21 ...