AB INBEV BREWING COMPANY (APAC) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider that the Company has sufficient funds to continue to operate as an intermediate holding company. Additionally, the directors have made enquiries of the parent, Anheuser Busch InBev SA/NV, and are satisfied with their ability to provide financial support. After making enquiries, the directors have a reasonable expectation that the Company has adequate financial resources to continue in operational existence for the foreseeable future.”

Group structure

1. AB INBEV BREWING COMPANY (APAC) LIMITED · parent
   1. Budweiser Brewing Co. APAC Ltd 87.22% · Hong Kong · Holding company
   2. ABI Southern Financing Limited 14.68% · United Kingdom · Holding and financing

Significant events

• “During the year, the Company received total dividend income of US$1,085,036 thousand (2023: US$3,152,784 thousand) from fellow Group undertakings.”
• “The directors declared and settled interim dividends for the financial year ended 31 December 2024 of US$680,280 thousand (2023: US$782,000 thousand).”
• “In 2024, ABI Southern Financing Limited received a contribution from another Group undertaking in exchange for the issuance of 159,171 Ordinary shares, leading to a reduction in the Company's ownership stake from 37.61% to 14.68%.”
• “In 2024, the Company recognised US$423,749 thousand of impairment loss on its investment in ABI Southern Financing Limited.”
• “In 2023, the Company recognised a fair market value adjustment of US$186,954 thousand as a capital contribution in relation to loans owed to fellow Group undertakings issued below a market rate of interest. Subsequently, US$152,294 thousand of fair market value adjustment was released on partial repayment of loans owed to fellow Group undertakings along with amortisation of US$4,626 thousand in relation to the unwinding of discounting to interest payable to fellow Group undertakings. As a result, a total of US$156,920 thousand was transferred from retained earnings to the capital contribution reserve.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +36.7%

  £358,648,629 → £490,191,253

• Profit before tax

  +123.4%

  £213,278,725 → £476,530,022

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers