HK Stock Market Move | BUD APAC (01876) falls over 3%; profit attributable to shareholders for the first three quarters decreases 4.88% year-on-year, with total sales volume declining due to performance in the domestic market.

BUD APAC (01876) fell over 3%, down 2.24% as of press time to HK$5.675, with turnover of HK$122 million. On the news front, on October 29, BUD APAC released its results for the first nine months of 2026, recording revenue of US$4.62 billion for the period, down 3.7% year-on-year; profit attributable to equity holders of BUD APAC was US$565 million, down 4.88% year-on-year; normalized basic earnings per share were 4.75 US cents. In the first nine months of 2026, total sales volume decreased 4.9%, revenue decreased 3.7%, while revenue per hectoliter increased 1.2%. The group's normalized EBITDA decreased 13.2%, while the normalized EBITDA margin fell 297 basis points. In the third quarter of 2026, total sales volume decreased 10.1%, affected by performance in China but partially offset by growth in India; revenue decreased 8.4%, while revenue per hectoliter increased 1.9%, benefiting from a positive country mix. The group's normalized EBITDA decreased 22.9%, affected by China's revenue performance, cost inflation, operating deleverage and lower other operating income.