ABInBev(US:BUD)2025-07-31 13:00Financial Performance - The company experienced EBITDA growth of 6.5% in 2Q25[10] - EBITDA margin expanded by 116 bps[10, 11, 75] - Underlying USD EPS increased by 8.7%[10, 11] - H1 Free Cash Flow was up by $0.5 billion year-over-year[10, 81] Revenue and Volume - Revenue per hl accelerated by 4.9% in 2Q25[10, 11, 15] - Total revenue increased by 3.0% in 2Q25[11] - Total volumes decreased by 1.9% in 2Q25[11] Regional Performance - North America saw organic revenue growth of 2.2% and organic EBITDA growth of 4.5%[18, 21] - Middle Americas experienced organic revenue growth of 5.1% and organic EBITDA growth of 6.9%[18, 24] - South America's organic revenue grew by 3.6% and organic EBITDA by 7.2%[18, 28] - EMEA had organic revenue growth of 5.2% and organic EBITDA growth of 9.5%[18, 33] - Asia Pacific's revenue declined by 4.5% and organic EBITDA declined by 4.8%[18, 40] Brand and Innovation - No-alcohol beer revenue increased by 33%[10, 61] - BEES Marketplace GMV grew by 63% to $785 million[10, 66, 68] Debt and Outlook - Net finance costs are expected to be between $190 million and $220 million per quarter[93] - The average gross debt coupon is approximately 4%[93, 91]