• Budweiser APAC 1H26 profit attributable to equity holders rose to USD 473 million; basic EPS increased to 3.57 U.S. cents.
• Revenue slipped 1.4% to USD 3.17 billion; volumes fell 2.2% to 42,624 thousand hl.
• Normalized EBITDA fell 8.9% to USD 926 million; margin narrowed 2.36 percentage points to 29.2%.
• China 1H26 volumes dropped 6.0% with revenue down 6.4%; South Korea volumes were flat, outperforming the industry on market share gains.
• CEO Yanjun Cheng cited slower-than-expected recovery in China; actions include investing behind megabrands, strengthening execution, expanding in-home channels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Budweiser Brewing Company APAC Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260730-12261086), on July 29, 2026, and is solely responsible for the information contained therein.