This trend confirms the strong performance of the first quarter of 2025, which recorded EBITDA growth of 8 percent, while indicating a slight slowdown in the second quarter. The company's volume performance was mixed, with a total decline of 1.9 percent in the second quarter of 2025. This was primarily due to market weakness in Brazil (-6.9 percent).
However, AB InBev's geographic diversification helped offset challenges in the Americas. The United States, for example, recorded EBITDA growth of 4.5 percent, up 0.3 percent, driven by the strong performance of Michelob Ultra and Busch Light, which increased their volume share of the US beer industry.
In Central America, AB InBev continued its momentum with EBITDA growth of 6.9 percent and a volume increase of 1.1 percent, led by Mexico and Colombia.
