HK Stock Market Move | BUD APAC (01876) falls more than 5% in the afternoon, with revenue declining by 6.6% in the first three quarters and net profit decreasing by nearly 20% year-on-year.

BUD APAC (01876) fell more than 5% in the afternoon, down 4.88% as of press time, at 7.99 Hong Kong dollars, with a turnover of 2.09 billion Hong Kong dollars. On the news front, BUD APAC announced its performance for the first three quarters, with total revenue of 4.691 billion US dollars, a year-on-year decrease of 6.6%; profit attributable to equity holders was 594 million US dollars, a year-on-year decrease of 19.95%. Total sales volume decreased by 7.0% in the first nine months of 2025, and by 8.6% in the third quarter. Goldman Sachs pointed out that BUD APAC's strong performance in the Asia-Pacific West region was driven by the Indian market, and the Chinese market performed better than expected; BUD APAC's performance in the Asia-Pacific East region in the third quarter was stronger than expected. Chief Executive Officer and Co-Chairman Chan Yin-chun said that the company's business in China in the first three quarters was still facing challenges due to the continued weakness in the company's business layout and on-premise channels. The gross profit margin in Korea expanded, and the performance in various channels surpassed the industry average. In India, strong growth momentum continued, with the Budweiser brand leading industry growth. The group will continue to focus on strengthening its core product portfolio, expanding non-on-premise marketing scale, and enhancing execution capabilities to seize future growth opportunities.