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Budweiser Brewing Co. APAC Ltd.
(1876)
Budweiser Brewing Co. APAC Ltd. (1876) vs. iShares MSCI Hong Kong ETF (EWH)
Budweiser Brewing Co. APAC Ltd. Business Overview & Revenue Model
Budweiser Brewing Co. APAC Ltd. Earnings Call Summary
Budweiser Brewing Co. APAC Ltd. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.94B | 48.51B | 53.54B | 50.73B | 52.76B |
| Gross Profit | 22.51B | 24.44B | 26.96B | 24.31B | 27.25B |
| EBITDA | 11.75B | 13.70B | 15.63B | 13.98B | 16.56B |
| Net Income | 3.81B | 5.64B | 852.00M | 7.15B | 7.38B |
Balance Sheet | |||||
| Total Assets | 114.99B | 114.78B | 126.76B | 124.85B | 129.61B |
| Cash, Cash Equivalents and Short-Term Investments | 22.56B | 22.27B | 24.72B | 19.71B | 15.98B |
| Total Debt | 2.16B | 1.58B | 331.00M | 2.12B | 1.58B |
| Total Liabilities | 34.60B | 35.25B | 42.04B | 40.30B | 43.21B |
| Stockholders Equity | 79.87B | 79.10B | 84.22B | 84.01B | 85.86B |
Cash Flow | |||||
| Free Cash Flow | 5.02B | 5.86B | 10.28B | 8.48B | 10.08B |
| Operating Cash Flow | 7.41B | 8.81B | 14.18B | 12.35B | 14.79B |
| Investing Cash Flow | -2.53B | -3.18B | -3.50B | -3.45B | -5.68B |
| Financing Cash Flow | -5.75B | -7.01B | -4.86B | -3.92B | -3.61B |
Budweiser Brewing Co. APAC Ltd. Technical Analysis
Budweiser Brewing Co. APAC Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$80.43B | 12.06 | 14.80% | 4.69% | 1.51% | 5.50% | |
69 Neutral | HK$83.51B | 6.39 | 16.77% | 3.42% | -0.31% | 10.85% | |
68 Neutral | HK$98.62B | 26.31 | 5.74% | 5.59% | -9.54% | -27.75% | |
63 Neutral | HK$500.92B | 13.49 | 46.45% | 1.73% | 4.14% | 7.35% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | HK$478.17M | 6.04 | -1.15% | 4.07% | 2.77% | -110.76% |
Budweiser Brewing Co. APAC Ltd. Corporate Events
Budweiser Brewing Company APAC has granted up to 11.6 million locked-up shares and 10.6 million restricted stock units to eligible employees under its share-based compensation plan. The awards, which allow staff to take annual bonuses in shares at a discount plus matching RSUs, cover senior executives, subsidiary directors, and other employees, with a three-year lock-up or vesting period and a purchase price set slightly above the prevailing market price.
The final number of voluntary shares and RSUs will be determined after employee elections and other adjustments, with confirmation expected by the end of March 2026. The move is designed to align employee incentives with long-term shareholder value by tying compensation more closely to the company’s share performance and preserving cash, potentially strengthening management retention and commitment across the group.
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.
Budweiser Brewing Company APAC has set new annual caps on fees payable by AB InBev under existing import licensing arrangements, raising the limits to USD220 million for 2026 and USD253 million for 2027. The caps relate to an Importation Framework Agreement under which Budweiser APAC grants AB InBev group members exclusive rights to import, sell and distribute, and non-exclusive rights to advertise and promote, certain products outside the APAC territories.
The framework, originally signed in 2019 and effective for 25 years from listing, sets out arm’s-length pricing based on production costs plus mark-ups for indirect costs, royalties and margins, and is implemented via detailed subsidiary agreements for each territory and product. The updated caps signal expectations of growing cross-border volumes within the AB InBev network and formalise the scale of related-party transactions, which is relevant for investors monitoring connected-party exposure and revenue from international licensing.
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.
Budweiser Brewing Company APAC Limited has recommended a final ordinary dividend of USD 0.0566 per share for the financial year ended 31 December 2025. Key dates including the ex-dividend date, record date, payment date, and the Hong Kong dollar equivalent of the dividend will be announced later, while shareholders on the principal register in the Cayman Islands will receive their dividends automatically in U.S. dollars.
The proposed payout signals the company’s intent to return cash to investors, subject to shareholder approval, and underscores its confidence in financial performance through 2025. The announcement may influence income-focused investors’ perception of the stock and reinforces Budweiser APAC’s positioning as a dividend-paying brewer in the Hong Kong market.
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.
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.
Budweiser Brewing Company APAC Limited has scheduled a board committee meeting for 11 February 2026, after trading hours, to review and approve its audited financial results for the year ended 31 December 2025 and to consider whether to recommend a final dividend. The company expects to release its 2025 annual results and any final dividend recommendation at around 7 a.m. Hong Kong time on 12 February 2026, a disclosure that will be closely watched by investors for insight into the brewer’s recent performance and capital return plans.
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.
Budweiser Brewing Company APAC Limited has announced a series of board changes effective 1 January 2026, including the resignation of non-executive director and Audit and Risk Committee member Nelson Jamel, who is leaving to pursue other opportunities, and the appointment of Anheuser-Busch InBev Chief Financial Officer Fernando Tennenbaum as a new non-executive director and member of the committee. In a move that further strengthens the influence of controlling shareholder AB InBev on Budweiser APAC’s governance, existing alternate directors John Blood, David Almeida and Katherine Barrett will shift from serving as alternates to Jamel to acting as alternates to Tennenbaum, while Jamel and Blood both confirmed there are no disagreements with the board or issues requiring shareholder attention, suggesting a smooth transition in oversight and continuity in the company’s risk and audit supervision.
The most recent analyst rating on (HK:1876) stock is a Buy with a HK$9.40 price target. To see the full list of analyst forecasts on Budweiser Brewing Co. APAC Ltd. stock, see the HK:1876 Stock Forecast page.
Budweiser Brewing Company APAC Limited announced the composition of its seven-member board of directors effective 1 January 2026, led by co-chairs Executive Director Yanjun Cheng and Non-executive Director Michel Doukeris, supported by a structure of alternate directors. The company also confirmed the membership of its three key board committees—Audit and Risk, Remuneration, and Nomination—indicating a defined governance framework that clarifies oversight responsibilities and supports board continuity and decision-making for stakeholders as it enters the new financial year.
The most recent analyst rating on (HK:1876) stock is a Buy with a HK$9.40 price target. To see the full list of analyst forecasts on Budweiser Brewing Co. APAC Ltd. stock, see the HK:1876 Stock Forecast page.
Budweiser Brewing Company APAC Ltd. announced a CFO transition effective April 1, 2026, with the departure of Ignacio Lares after 18 years of service and the appointment of Bernardo Novick. Novick’s extensive global experience in finance, procurement, sales, and logistics within AB InBev-affiliated companies positions him to bring significant expertise to the role, potentially strengthening the company’s operational and strategic capabilities.
The most recent analyst rating on (HK:1876) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on Budweiser Brewing Co. APAC Ltd. stock, see the HK:1876 Stock Forecast page.
Budweiser Brewing Company APAC Limited has granted 29,388,393 restricted stock units (RSUs) to eligible employees and directors as part of its New Restricted Stock Units Plan. This move, approved by shareholders, aims to incentivize and retain key personnel, potentially impacting the company’s operational strategy and market positioning by aligning employee interests with shareholder value.
The most recent analyst rating on (HK:1876) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on Budweiser Brewing Co. APAC Ltd. stock, see the HK:1876 Stock Forecast page.