ion.

8.2% increasein combined revenues of megabrands, led by Corona, which grew by 16% outside of its home market.

27% increasein revenue of no-alcohol beer.

37% increasein revenue of Beyond Beer.

55% increasein Gross Merchandise Value (GMV) from sales of third-party products through BEES Marketplace to reach 1.1 billion USD.


Volumes

+0.8%

Volumes increased by 0.8%, with beer volumes up by 1.2% and non-beer volumes down by 1.9%.



Normalized EBITDA

+5.3%

Normalized EBITDA increased by 5.3% to 5 437 million USD, with a margin contraction of 15 bps to 35.6%.



Underlying Profit

1 923 million USD

Underlying Profit was 1 923 million USD in 1Q26 compared to 1 606 million USD in 1Q25.

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