ycled a challenging shipment phasing comparable. Our STRs and STWs tend to converge on a full year basis. EBITDA increased by 0.2%, as top-line growth and productivity initiatives were reinvested in increased marketing spend to fuel momentum.

Commercial highlights:We were the #1 share gainer in total alcohol as we continued to gain share in both beer and spirits, according to Circana. Our beer performance was led by Michelob Ultra and Busch Light, which continued to be the #1 and #2 volume share gainers in the industry respectively. Our Beyond Beer portfolio delivered revenue growth in the high-sixties, led by Cutwater which grew revenue in the triple-digits and was the #1 share gaining brand in the total spirits industry in 1Q26. We are the leader in no-alcohol beer, with our portfolio gaining share and growing revenue in the low-twenties. Beer category trends improved in 1Q26 as weather patterns normalized and consumer sentiment stabilized, with revenue growth and flattis
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