Anheuser-Busch InBev SA/NV - ADR

Financial Performance: AB InBev reported all-time high revenues of $59.8 billion in 2024, marking a 2.7% increase year-over-year (YOY). EBITDA grew by 8.2% to nearly $21 billion, with a margin improvement of 179 basis points across all regions. Underlying earnings per share (EPS) rose to $3.53, a 15.4% increase compared to the prior year.

Free Cash Flow & Deleveraging: Free cash flow surged by $2.5 billion compared to last year, reaching $11.3 billion. This increase allowed the company to reduce its net debt-to-EBITDA ratio to 2.89x, below 3x for the first time since 2015, providing flexibility for capital allocation.

Dividend and Buyback Plans: The Board proposed a full-year dividend of EUR 1 per share, a 22% increase from the previous year. The company also initiated a $2 billion share buyback program, of which approximately $750 million has been completed so far.