Budweiser APAC Keeps Dividend as China Weakness Weighs on 2025 Results

Budweiser Brewing Co. APAC Ltd. ( (HK:1876) ) just unveiled an update.

Budweiser Brewing Company APAC Limited reported weaker financial results for 2025, with volumes down 6.0% to 79.7 million hectolitres and revenue falling 6.1% to 5.76 billion USD, largely due to underperformance in China. Normalized EBITDA declined 9.8% to 1.59 billion USD and normalized profit attributable to equity holders dropped to 666 million USD, while normalized EPS fell from 5.90 to 5.04 cents, partly offset by a lower normalized effective tax rate of 33.8% driven by country mix.

Management acknowledged that China results were below potential and said it has taken steps to improve in-home route-to-market, enrich its portfolio and innovate behind its megabrands to rebuild momentum. Despite the softer year, the board proposed a final dividend of 5.66 US cents per share for 2025, matching the prior year, signaling confidence in the company’s long-term strategy as it continues to gain market share and increase EBITDA in South Korea and India.

The most recent analyst rating on (HK:1876) stock is a Buy with a HK$9.20 price target. To see the full list of analyst forecasts on Budweiser Brewing Co. APAC Ltd. stock, see the HK:1876 Stock Forecast page.

More about Budweiser Brewing Co. APAC Ltd.

Budweiser Brewing Company APAC Limited is a leading beer producer in the Asia-Pacific region, operating under the Budweiser brand and other megabrands. The group focuses on key markets including China, South Korea and India, where it sells premium and mainstream beer products and aims to drive long-term growth through portfolio enhancement and route-to-market strategies.

Average Trading Volume: 12,477,061

Technical Sentiment Signal: Buy

Current Market Cap: HK$106.8B

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