Amsterdam, 11 February 2026

HEINEKEN HOLDING N.V. REPORTS 2025 FULL YEAR RESULTS

Well-balanced performance in challenging market conditions

        IFRS Measures           BEIA Measures
(in € million)       Total
growth
  (in € million)       Organic
growth
Revenue   34,257    -4.7%   Revenue (beia)   34,395    0.2%
Net revenue   28,753    -3.6%   Net revenue (beia)   28,890    1.6%
Operating profit   3,406    -3.2%   Operating profit (beia)   4,385