HEINEKEN N.V. 2026 FIRST QUARTER TRADING UPDATE

Amsterdam, 23 April 2026

HEINEKEN N.V. 2026 FIRST QUARTER TRADING UPDATE

Solid first quarter with quality volume growth

				IFRS Measures						BEIA Measures
(in € million)				Total growth		(in € million)				Organic growth
Total volume		66.4		2.8 %		Total volume		66.4		1.2 %
Revenue		7,892		1.4 %		Revenue (beia)		7,888		2.2 %
Net revenue		6,703		2.5 %		Net revenue (beia)		6,699		2.8 %

Unless stated otherwise, all comments and figures in this announcement refer to BEIA metrics, and growth % indicates organic growth.

Growth: volume and revenue expansion

• Total volume grew 1.2%, with consolidated volume down 0.2%, and licensed volume up 26.1%.
• Net revenue grew 2.8%, net revenue per hectolitre up 3.0%.
• We gained or held share in around 60% of our markets.
  
  

Segments and Brands: global brands and priority segments delivering quality growth

• Premium volume grew 5.8%, led by Heineken up 6.9%.
• Global brands volume up 5.7%, with Amstel and Desperados growing by a high-single-digit.
• Mainstream volume declined slightly, with our local power brands in growth led by Harar and Cruzcampo.
• Low- and non-alcohol (LONO) grew by a double-digit led by Heineken 0.0 globally and Maltina in Nigeria.
• Beyond beer volume grew by a mid-single-digit, led by Desperados globally and Bernini at HEINEKEN Beverages.

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