l leader in no-alcohol beer by value, according to Nielsen.

Premiumization:Our above core beer portfolio delivered an 11% revenue increase. Performance was driven by Corona, Stella Artois and Michelob Ultra which delivered revenue growth of 16%, 14% and 39% respectively outside of their home markets. Corona successfully activated the Milano Cortina Winter Olympics and increased volume by double-digits in 32 markets.

Beyond Beer:Growth of our Beyond Beer portfolio accelerated, increasing revenue by 37%. Performance was led by the global expansion of Flying Fish and by Cutwater in the US, which increased revenue by triple-digits and was the 3rdlargest contributor by brand to our global revenue growth in 1Q26.


(2) Digitize and monetize our ecosystem


Digitizing our relationships with more than 6 million customers globally:As of 31 March 2026, BEES was live in 29 markets with 72% of our revenues captured through B2B digital platforms.
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