Budweiser Brewing Co APAC Ltd

01876: XHKG (HKG)

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Budweiser APAC Earnings: On-Trade Channels in China Remain Main Drag; Fair Value Reduced by 4%

Jacky Tsang

Oct 30, 2025

Budweiser APAC reported third-quarter results. Revenue declined 8.6% and beer sales volume declined 8.4% year on year, driven by weakness in on-trade channels and channel destocking in China.

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Budweiser Brewing Co APAC Ltd

Budweiser APAC Earnings: On-Trade Channels in China Remain Main Drag; Fair Value Reduced by 4%

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