Wednesday, May 6, 2026
AB InBev Reports First Quarter 2026 Results
Solid top- and bottom-line performance: Revenue up by 5.8%, Beer volume growth of 1.2% and a 20.8% Underlying EPS increase
(BUSINESS WIRE)--Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD):
Regulated information1
“Cheers to beer - the strength of the category and the consistent execution of our consumer-centric strategy drove continued momentum across our footprint. We are investing behind our megabrands and innovations to lead and grow the category. With strong execution by our teams and major moments of celebration ahead, we are well positioned for 2026.” – Michel Doukeris, CEO, AB InBev
Revenue
+5.8%
Revenue increased by 5.8% with revenue per hl growth of 4.5%.
Reported revenue increased by 12.0% to 15 267 million USD, positively impacted by currency translation.
8.2% increase in combined revenues of megabrands, led by Corona, which grew by 16% outside of its home market.
27% increase in revenue of no-alcohol beer.
37% increase in revenue of Beyond Beer.
55% increase in Gross Merchandise Value (GMV) from sales of third-party products through BEES Marketplace to reach 1.1 billion USD.
Volumes
+0.8%
Volumes increased by 0.8%, with beer volumes up by 1.2% and non-beer volumes down by 1.9%.
Normalized EBITDA
+5.3%
Normalized EBITDA increased by 5.3% to 5 437 million USD, with a margin contraction of 15 bps to 35.6%.
Underlying Profit
1 923 million USD
Underlying Profit was 1 923 million USD in 1Q26 compared to 1 606 million USD in 1Q25.
Reported profit attributable to equity holders of AB InBev was 2 563 million USD in 1Q26 compared to 2 148 million USD in 1Q25, both positively impacted by non-underlying items.
Underlying EPS
0.97 USD
Underlying EPS increased by 20.8% to 0.97 USD in 1Q26, compared to 0.81 USD in 1Q25.
On a constant currency basis, Underlying EPS increased by 8.8%.
1The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. For important disclaimers and notes on the basis of preparation, please refer to page 12.
Management comments
Consistent and compounding growth with beer volume up by 1.2% and a 20.8% Underlying EPS increase
Our business delivered a solid start to the year with broad-based volume growth and a 20.8% increase in Underlying EPS to reach 0.97 USD, a record high for the first quarter. Megabrand momentum, innovation in Balanced Choices and acceleration of our Beyond Beer portfolio drove top- and bottom-line growth in 4 of our 5 zones and we estimate to have gained or maintained market share in 75% of our markets.
Revenue increased by 5.8%, with total volume growth of 0.8% and a revenue per hl increase of 4.5%, driven by revenue management and positive mix from premiumization and Beyond Beer. Beer volumes grew by 1.2%, with record high first quarter volumes in Mexico, Colombia, Brazil, South Africa and Peru. In the US, our sales to retailer volumes grew and we continued to outperform the industry.
EBITDA increased by 5.3% with flattish margins as disciplined overhead management enabled increased sales and marketing investments and offset transactional FX headwinds.
Some key highlights from our performance this quarter include the following: continued momentum of our global megabrands, Corona, Stella Artois and Michelob Ultra, which grew revenues by 16%, 14% and 39% respectively outside of their home markets; expansion of our no-alcohol beer and Beyond Beer portfolios which grew revenue by 27% and 37% respectively; BEES marketplace GMV increased by 55% and delivered more than 1 billion USD in quarterly GMV.
Progressing our strategic priorities
We continue to execute on, and invest in, three key strategic pillars to deliver consistent growth and long-term value creation.
(1) Lead and grow the category:
We increased our overall portfolio brand power driven by increased marketing investment and effectiveness. In addition, we estimate that we gained or maintained market share in 75% of our markets.
(2) Digitize and monetize our ecosystem:
BEES Marketplace GMV increased by 55% to reach 1.1 billion USD in GMV from sales of third-party products. Overall BEES GMV increased by 15%, reaching 14.6 billion USD.
(3) Optimize our business:
Underlying EPS increased by 20.8% to 0.97 USD, reaching a record high for the first quarter.
(1) Lead and grow the category
We are executing on our replicable levers to drive category growth. Performance across each of the levers was led by our megabrands which delivered an 8.2% revenue increase.
Core Superiority: Revenue of our mainstream portfolio increased by 0.8%, driven by double-digit growth in Colombia, Peru and the Dominican Republic.
Balanced Choices: Our Balanced Choices portfolio of low carb, low calorie, sugar free, gluten free and no-alcohol beer brands delivered a revenue increase of 17%. Our no-alcohol beer portfolio led our performance, delivering a 27% revenue increase and gaining share to now be the global leader in no-alcohol beer by value, according to Nielsen.
Premiumization: Our above core beer portfolio delivered an 11% revenue increase. Performance was driven by Corona, Stella Artois and Michelob Ultra which delivered revenue growth of 16%, 14% and 39% respectively outside of their home markets. Corona successfully activated the Milano Cortina Winter Olympics and increased volume by double-digits in 32 markets.
Beyond Beer: Growth of our Beyond Beer portfolio accelerated, increasing revenue by 37%. Performance was led by the global expansion of Flying Fish and by Cutwater in the US, which increased revenue by triple-digits and was the 3rd largest contributor by brand to our global revenue growth in 1Q26.
(2) Digitize and monetize our ecosystem
Digitizing our relationships with more than 6 million customers globally: As of 31 March 2026, BEES was live in 29 markets with 72% of our revenues captured through B2B digital platforms. In 1Q26, BEES captured 14.6 billion USD in GMV, growth of 15% versus 1Q25.
Monetizing our route-to-market; delivering more than 1 billion USD in quarterly GMV: BEES Marketplace growth momentum continued, with GMV increasing by 55% versus 1Q25 and reaching approximately 1.1 billion USD from sales of third-party products.
Leading the way in DTC solutions: Our digital DTC megabrands, Zé Delivery, TaDa Delivery and PerfectDraft, served 12 million active consumers and generated 139 million USD in revenue, representing 5% growth versus 1Q25. Sales of third-party products through our DTC marketplace reached 41 million USD in GMV, a 42% increase versus 1Q25.
(3) Optimize our business
Maximizing value creation: EBITDA grew by 5.3% with flattish margins as disciplined resource allocation and overhead management offset transactional FX headwinds. Capex optimization drove increased efficiency in depreciation and amortization expenses, resulting in 7.1% EBIT growth. In recognition of our consistent financial performance and the strength of our balance sheet, our credit rating was recently upgraded from A3 to A2 by Moody’s. As of 1 May 2026, we have completed 1.4 billion USD of our 6 billion USD share buyback program announced on 30 October 2025.
Advancing our sustainability priorities: After closing our 2025 sustainability goals, we have set new 2030 goals to strengthen resilience across our value chain, focused on agriculture, water, and energy and emissions. For further details, please refer to our website here.
Continued momentum and reliable compounding growth
The momentum of our business continued to start the year, with broad-based volume growth, revenue management and positive mix driving a 5.8% revenue increase. Top-line growth, disciplined cost management and translational FX tailwinds drove Underlying EPS growth of 20.8%.
We are encouraged by our performance in the first quarter and, looking ahead, we are well positioned to activate the category in some of the biggest moments of celebration of the year, including the FIFA World Cup. Our consistent performance and the strength of the beer category reinforce our confidence in our ability to deliver our FY26 outlook and create a future with more cheers.
2026 Outlook
(i) Overall Performance: We expect our EBITDA to grow in line with our medium-term outlook of between 4-8%. The outlook for FY26 reflects our current assessment of inflation and other macroeconomic conditions.
(ii) Net Finance Costs: Net pension interest expenses and accretion expenses are expected to be in the range of 190 to 220 million USD per quarter, depending on currency and interest rate fluctuations. We expect the average gross debt coupon in FY26 to be approximately 4%.
(iii) Effective Tax Rate (ETR): We expect the normalized ETR in FY26 to be in the range of 26% to 28%. The ETR outlook does not consider the impact of potential future changes in legislation.
(iv) Net Capital Expenditure: We expect net capital expenditure of between 3.5 and 4.0 billion USD in FY26.
Figure 1. Consolidated performance
in USD Mio, except EPS in USD per share and Volumes in thousand hls
1Q25
1Q26
Organic
growth
Volumes
136 268
136 409
0.8
%
Beer
117 385
118 480
1.2
%
Non-Beer
18 883
17 929
(1.9
)%
Revenue
13 628
15 267
5.8
%
Gross profit
7 583
8 647
7.2
%
Gross margin
55.6
%
56.6
%
76bps
Normalized EBITDA
4 855
5 437
5.3
%
Normalized EBITDA margin
35.6
%
35.6
%
(15)bps
Normalized EBIT
3 587
4 073
7.1
%
Normalized EBIT margin
26.3
%
26.7
%
33bps
Profit attributable to equity holders of AB InBev
2 148
2 563
Underlying Profit
1 606
1 923
Basic EPS
1.08
1.30
Underlying EPS
0.81
0.97
Figure 2. Volumes
in thousand hls
1Q25
Scope
Organic
growth
1Q26
Organic growth
Total
Beer
North America
19 842
(97
)
(615
)
19 131
(3.1
)%
(3.2
)%
Middle Americas
35 081
(728
)
1 632
35 985
4.8
%
5.6
%
South America
40 891
-
(126
)
40 765
(0.3
)%
0.8
%
EMEA
20 752
(95
)
274
20 931
1.3
%
1.5
%
Asia Pacific
19 648
(18
)
(83
)
19 548
(0.4
)%
(0.4
)%
Global Export and Holding Companies
54
8
(11
)
50
(18.4
)%
(18.4
)%
AB InBev Worldwide
136 268
(931
)
1 072
136 409
0.8
%
1.2
%
Key Markets Performance
United States: STR volume growth driven by beer and Beyond Beer share gains and an improved industry
Operating performance: Revenue increased by 1.1% with revenue per hl increasing by 4.4% driven by revenue management and positive brand mix. Sales-to-retailers (STRs) increased by 0.3%, estimated to have outperformed an improved industry. Sales-to-wholesalers (STWs) declined by 3.2% as we cycled a challenging shipment phasing comparable. Our STRs and STWs tend to converge on a full year basis. EBITDA increased by 0.2%, as top-line growth and productivity initiatives were reinvested in increased marketing spend to fuel momentum.
Commercial highlights: We were the #1 share gainer in total alcohol as we continued to gain share in both beer and spirits, according to Circana. Our beer performance was led by Michelob Ultra and Busch Light, which continued to be the #1 and #2 volume share gainers in the industry respectively. Our Beyond Beer portfolio delivered revenue growth in the high-sixties, led by Cutwater which grew revenue in the triple-digits and was the #1 share gaining brand in the total spirits industry in 1Q26. We are the leader in no-alcohol beer, with our portfolio gaining share and growing revenue in the low-twenties. Beer category trends improved in 1Q26 as weather patterns normalized and consumer sentiment stabilized, with revenue growth and flattish volumes, according to Circana.
Mexico: Record high volumes drove high-single digit top and mid-single digit bottom-line growth
Operating performance: Revenue increased by high-single digits, with mid-single digit revenue per hl growth driven by revenue management. Volumes increased by mid-single digits, outperforming the industry which grew by low-single digits, benefitting from Easter shipment phasing. EBITDA grew by mid-single digits, as top-line growth was partially offset by transactional FX headwinds and increased marketing investments.
Commercial highlights: Our performance was led by our above core beer portfolio, which grew revenue by low-teens driven by Modelo and Michelob Ultra. Our mainstream beer portfolio continued to grow, delivering mid-single digit revenue growth led by Corona. We strengthened our position as the industry leader in no-alcohol beer, with our portfolio growing volume by strong double-digits led by Corona Cero and Modelo Cero. In Beyond Beer, our portfolio grew volume by strong double-digits, led by the Vicky’s brand family.
Colombia: Record high volumes drove double-digit top- and bottom-line growth
Operating performance: Revenue increased by low-teens with mid-single digit revenue per hl growth, driven by revenue management and positive mix. Volumes grew by mid-single digits, with our portfolio gaining share of alcohol beverages. EBITDA grew by low-teens, as disciplined cost management and operational leverage offset transactional FX headwinds.
Commercial highlights: Increased brand power and consistent execution drove our momentum with revenue growing across all price segments of our portfolio and our business delivering record high first quarter volumes. Our above core beer brands led our performance with volume growth of high-single digits, led by Corona. Our mainstream beer portfolio continued to grow, delivering a mid-single digit volume increase.
Brazil: Record high beer volumes and double-digit bottom line growth driven by market share gain and an improved industry
Operating performance: Revenue increased by 8.4% with revenue per hl growth of 8.6%, driven by revenue management and premiumization. Beer volumes increased by 1.2%, estimated to have outperformed the industry. Non-beer volumes decreased by 3.9%, resulting in a total volume decline of 0.2%. EBITDA increased by 10.6% with margin expansion of 71bps, as disciplined revenue and cost management more than offset transactional FX headwinds.
Commercial highlights: Our premium and super premium beer brands led our performance, delivering low-twenties volume growth and strengthening our leadership position of the premium segment. Our mainstream beer performance improved sequentially, estimated to have gained share of the segment. We are leading the industry in no-alcohol beer, with our portfolio growing volumes by low-teens and estimated to have gained share. In Beyond Beer, our portfolio grew volumes by high-teens, led by Beats and the launch of Flying Fish.
Europe: Continued market share gains and premiumization offset a soft industry to drive top- and bottom-line growth
Operating performance: Volumes grew by low-single digits, estimated to have outperformed the industry in the majority of our key markets, and supported by Easter shipment phasing. Revenue and revenue per hl increased by low-single digits driven by revenue management and premiumization. EBITDA grew by low-single digits with flattish margins as we increased marketing investments.
Commercial highlights: Our performance was driven by our megabrands, led by Corona which delivered high-single digit volume growth. Our no-alcohol beer portfolio is estimated to have grown market share in 5 of our 6 key markets, led by Corona Cero which delivered strong double-digit volume growth. We successfully activated the Milano Cortina 2026 Winter Olympics and created golden moments for consumers, with Corona and Corona Cero accounting for 60% of all beverages sold in Olympic venues.
South Africa: Record high volumes drove mid-single digit top-line growth
Operating performance: Revenue increased by mid-single digits with revenue per hl growth of low-single digits. Volumes grew by low-single digits, with beer volumes estimated to have underperformed a low-single digit growing industry, while Beyond Beer outperformed. EBITDA declined by low-single digits, with top-line growth primarily offset by phasing of sales and marketing investments.
Commercial highlights: The momentum of our business continued, with the consistent execution of our strategy driving an increase in our portfolio brand power and record high first quarter volumes. Performance was driven by our premium and super premium beer brands, which grew volumes by mid-twenties led by Corona. Our mainstream beer portfolio continued to grow, delivering low-single digit revenue growth led by Carling Black Label. In Beyond Beer, our portfolio grew volumes by high-single digits led by Flying Fish and our spirits-based RTD innovations.
China: Improved volume trend as we increased investments to rebuild momentum
Operating performance: Volumes declined by 1.5%, improving sequentially from 4Q25 but underperforming the industry according to our estimates. Revenue per hl decreased by 2.5%, driven by increased investments to expand our in-home presence, resulting in a revenue decline of 3.9%. EBITDA declined by 11.8%, impacted by top-line performance and increased sales and marketing investments.
Commercial highlights: Beer industry volume improved sequentially and was estimated to have grown slightly in 1Q26. Our top priorities are to rebuild momentum and reignite growth. We are investing behind our megabrands and innovations, strengthening our execution, and expanding our in-home channel presence. In 1Q26, we increased sales and marketing investments to activate the Chinese New Year campaign for Budweiser and we launched Harbin 1900, a 100% pure malt classic lager innovation, to increase our participation in the fast growing core plus segment.
Highlights from our other markets
Canada: Revenue was flat with low-single digit revenue per hl growth. Volumes declined by low-single digits, with beer performance estimated to be in-line with a soft industry while we outperformed a growing Beyond Beer segment. Our beer performance was led by Michelob Ultra and Busch which were the top two volume share gainers in the industry. Beyond Beer growth was led by Cutwater and Mike’s Hard Lemonade which were two of the top three share gainers in the category.
Peru: Volumes grew by high-single digits to reach a record high for the first quarter. Performance was led by our mainstream beer brands, which grew volumes by high-single digits, and our Beyond Beer portfolio, which grew volumes in the triple-digits. Revenue grew by low-teens with mid-single digit revenue per hl growth, driven by revenue management and positive mix.
Ecuador: Revenue grew by low-teens with growth led by our above core beer brands which increased revenues by strong double-digits. Volumes increased by high-single digits, with industry growth driven by an improved consumer environment and supported by cycling a soft industry in 1Q25.
Argentina: Volumes declined by low-single digits, with beer volumes estimated to have outperformed the industry in a constrained consumer environment. Revenue grew by high-single digits driven by revenue management.
Africa excluding South Africa: In Nigeria, revenue grew by mid-single digits, driven by revenue management. Beer volumes declined by mid-single digits, estimated to have outperformed a soft industry.
In our other markets in Africa, revenue grew in aggregate by high-single digits and volumes by low-single digits, driven by Tanzania, Mozambique and Uganda.
South Korea: Our business cycled a challenging shipment phasing comparable due to our April 2025 price increase, resulting in volumes declining by low-teens. Revenue decreased by high-single digits with low-single digit revenue per hl growth. We estimate that we have continued to gain market share in both the on-premise and in-home channels.
Consolidated Income Statement
Figure 3. Consolidated income statement
in USD Mio
1Q25
1Q26
Organic
growth
Revenue
13 628
15 267
5.8
%
Cost of sales
(6 044
)
(6 620
)
(3.9
)%
Gross profit
7 583
8 647
7.2
%
SG&A
(4 188
)
(4 743
)
(6.5
)%
Other operating income/(expenses)
192
170
(11.6
)%
Normalized EBIT
3 587
4 073
7.1
%
Non-underlying items above EBIT
(49
)
56
Net finance income/(expense)
(984
)
(1 050
)
Non-underlying net finance income/(expense)
602
631
Share of results of associates
52
52
Income tax expense
(664
)
(786
)
Profit
2 544
2 977
Profit attributable to non-controlling interest
396
414
Profit attributable to equity holders of AB InBev
2 148
2 563
Normalized EBITDA
4 855
5 437
5.3
%
Underlying Profit
1 606
1 923
Non-underlying items above EBIT
Figure 4. Non-underlying items above EBIT & Non-underlying share of results of associates
in USD Mio
1Q25
1Q26
Restructuring
(12
)
(23
)
Business and asset disposals (including impairment losses)
(37
)
79
Non-underlying items in EBIT
(49
)
56
Normalized EBIT excludes positive non-underlying items of 56 million USD in 1Q26 and negative non-underlying items of 49 million USD in 1Q25.
Net finance income/(expense)
Figure 5. Net finance income/(expense)
in USD Mio
1Q25
1Q26
Net interest expense
(621
)
(613
)
Accretion expense and interest on pensions
(167
)
(216
)
Other financial results
(196
)
(220
)
Net finance income/(expense)
(984
)
(1 050
)
Non-underlying net finance income/(expense)
Figure 6. Non-underlying net finance income/(expense)
in USD Mio
1Q25
1Q26
Mark-to-market
602
631
Non-underlying net finance income/(expense)
602
631
Non-underlying net finance income includes mark-to-market gains on derivative instruments entered into in order to hedge our share-based payment programs and shares issued in relation to the combinations with Grupo Modelo and SAB.
The number of shares covered by the hedging of our share-based payment program, the deferred share instrument and the restricted shares are shown below, together with the opening and closing share prices.
Figure 7. Non-underlying equity derivative instruments
1Q25
1Q26
Share price at the start of the period (Euro)
48.25
54.90
Share price at the end of the period (Euro)
56.92
59.72
Number of equity derivative instruments at the end of the period (in million)
100.5
94.0
Income tax expense
Figure 8. Income tax expense
in USD Mio
1Q25
1Q26
Income tax expense
664
786
Effective tax rate
21.0%
21.2%
Normalized effective tax rate
25.9%
25.2%
The 1Q26 and 1Q25 effective tax rates were positively impacted by non-taxable gains from derivatives related to the hedging of share-based payment programs and the hedging of the shares issued in a transaction related to the combination with Grupo Modelo and SAB.
The decrease in Normalized ETR in 1Q26 compared to 1Q25 was primarily due to positive country mix.
Underlying EPS
Figure 9. Underlying EPS
in USD per share, except number of shares in million
1Q25
1Q26
Normalized EBITDA
2.43
2.75
Depreciation, amortization and impairment
(0.64
)
(0.69
)
Normalized EBIT
1.80
2.06
Net finance income/(expense)
(0.49
)
(0.53
)
Income tax expense
(0.34
)
(0.39
)
Associates & non-controlling interests
(0.17
)
(0.18
)
Hyperinflation impacts
0.01
0.01
Underlying EPS
0.81
0.97
Weighted average number of ordinary and restricted shares
1 994
1 978
Reconciliation of IFRS and Non-IFRS Financial Measures
Profit attributable to equity holders and Underlying Profit
Figure 10. Underlying Profit
in USD Mio
1Q25
1Q26
Profit attributable to equity holders of AB InBev
2 148
2 563
Net impact of non-underlying items on profit
(565
)
(667
)
Hyperinflation impacts
23
28
Underlying Profit
1 606
1 923
Basic and Underlying EPS
Figure 11. Basic and Underlying EPS
in USD per share, except number of shares in million
1Q25
1Q26
Basic EPS
1.08
1.30
Net impact of non-underlying items
(0.28
)
(0.34
)
Hyperinflation impacts
0.01
0.01
Underlying EPS
0.81
0.97
FX translation impact
-
(0.09
)
Underlying EPS in constant currency
0.81
0.88
Weighted average number of ordinary and restricted shares
1 994
1 978
Profit attributable to equity holders and Normalized EBITDA
Figure 12. Reconciliation of Normalized EBITDA to Profit attributable to equity holders of AB InBev
in USD Mio
1Q25
1Q26
Profit attributable to equity holders of AB InBev
2 148
2 563
Non-controlling interests
396
414
Profit
2 544
2 977
Income tax expense
664
786
Share of results of associates
(52
)
(52
)
Net finance (income)/expense
984
1 050
Non-underlying net finance (income)/expense
(602
)
(631
)
Non-underlying items above EBIT (incl. impairment losses)
49
(56
)
Normalized EBIT
3 587
4 073
Depreciation, amortization and impairment
1 268
1 364
Normalized EBITDA
4 855
5 437
Normalized EBITDA, Normalized EBIT and Underlying Profit are non-IFRS financial measures used by AB InBev to reflect the company’s underlying performance. Underlying EPS and constant currency Underlying EPS are non-IFRS financial measures that AB InBev believes are useful to investors because they facilitate comparisons of EPS from period to period.
Normalized EBITDA is calculated by adjusting profit attributable to equity holders of AB InBev to exclude: (i) non-controlling interest; (ii) income tax expense; (iii) share of results of associates; (iv) non-underlying share of results of associates; (v) net finance income or cost; (vi) non-underlying net finance income or cost; (vii) non-underlying items above EBIT; and (viii) depreciation, amortization and impairment.
Underlying Profit is calculated by adjusting profit attributable to equity holders of AB InBev to exclude: (i) non-underlying items and (ii) hyperinflation impacts. Underlying EPS is calculated as Underlying Profit divided by the weighted average number of ordinary and restricted shares. Constant currency Underlying EPS is calculated as Underlying EPS excluding the effects of foreign currency translation by translating current period figures using the exchange rates from the same period in the prior year.
Normalized EBITDA, Normalized EBIT and Underlying Profit are not accounting measures under IFRS and should not be considered as an alternative to profit attributable to equity holders as a measure of operational performance, or an alternative to cash flow as a measure of liquidity. Underlying EPS and constant currency Underlying EPS are not accounting measures under IFRS and should not be considered as alternatives to earnings per share as a measure of operating performance on a per share basis. These non-IFRS financial measures do not have a standard calculation method and AB InBev’s definition of Normalized EBITDA, Normalized EBIT, Underlying Profit, Underlying EPS and constant currency Underlying EPS may not be comparable to that of other companies.
Notes
To facilitate the understanding of AB InBev’s underlying performance, the analyses of growth, including all comments in this press release, unless otherwise indicated, are based on organic growth and normalized numbers. In other words, financials are analyzed eliminating the impact of changes in currencies on translation of foreign operations, and scope changes. Since 1Q24, the definition of organic revenue growth has been amended to cap the price growth in Argentina to a maximum of 2% per month (26.8% year-over-year). Corresponding adjustments are made to all income statement related items in the organic growth calculations through scope changes. Scope changes also represent the impact of acquisitions and divestitures, the start or termination of activities or the transfer of activities between segments, curtailment gains and losses and year over year changes in accounting estimates and other assumptions that management does not consider as part of the underlying performance of the business. Beer volumes and revenue include primarily beer, no-alcohol beer, other malt-based alcohol beverages and spirits-based beverages. Non-beer volumes and revenue include primarily carbonated soft drinks and energy drinks. In addition, beer and non-beer categories include not only brands that we own or license, but also third-party brands that we brew and sell, and third-party products that we sell through our distribution network. The organic growth of our global brands, Budweiser, Stella Artois, and Corona excludes exports to Australia for which a perpetual license was granted to a third party upon disposal of the Australia operations in 2020. All references per hectoliter (per hl) exclude US non-beverage activities. Whenever presented in this document, all performance measures (EBITDA, EBIT, profit, tax rate, EPS) are presented on a “normalized” basis, which means they are presented before non-underlying items. Non-underlying items are either income or expenses which do not occur regularly as part of the normal activities of the Company. They are presented separately because they are important for the understanding of the underlying sustainable performance of the Company due to their size or nature. Normalized measures are additional measures used by management and should not replace the measures determined in accordance with IFRS as an indicator of the Company’s performance. Effective 1 January 2026, Cervecería Bucanero S.A., a Cuban company in which we indirectly hold a 50% equity interest through our subsidiary Ambev, is accounted for as an associate using the equity method of accounting. The impact of this change in presentation is reflected as a scope change. We are reporting the results from Argentina applying hyperinflation accounting since 3Q18. The IFRS rules (IAS 29) require us to restate the year-to-date results for the change in the general purchasing power of the local currency, using official indices before converting the local amounts at the closing rate of the period. In 1Q26, we reported a negative impact from hyperinflation accounting on the profit attributable to equity holders of AB InBev of 28 million USD. The impact in 1Q26 Basic EPS was 0.01 USD. Values in the figures and annexes may not add up, due to rounding. 1Q26 EPS is based upon a weighted average of 1 978 million shares compared to a weighted average of 1 994 million shares for 1Q25.
Legal disclaimer
This release contains “forward-looking statements”. These statements are based on the current expectations and views of future events and developments of the management of AB InBev and are naturally subject to uncertainty and changes in circumstances. The forward-looking statements contained in this release include statements other than historical facts and include statements typically containing words such as “will”, “may”, “should”, “believe”, “intends”, “expects”, “anticipates”, “targets”, “ambition”, “estimates”, “likely”, “foresees” and words of similar import. All statements other than statements of historical facts are forward-looking statements. You should not place undue reliance on these forward-looking statements, which reflect the current views of the management of AB InBev, are subject to numerous risks and uncertainties about AB InBev and are dependent on many factors, some of which are outside of AB InBev’s control. There are important factors, risks and uncertainties that could cause actual outcomes and results to be materially different, including, but not limited to the risks and uncertainties relating to AB InBev that are described under Item 3.D of AB InBev’s Annual Report on Form 20-F filed with the SEC on 3 March 2026. Many of these risks and uncertainties are, and will be, exacerbated by any further worsening of the global business and economic environment, including as a result of foreign currency exchange rate fluctuations and ongoing geopolitical instability. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere, including AB InBev’s most recent Form 20-F and other reports furnished on Form 6-K, and any other documents that AB InBev has made public. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary statements and there can be no assurance that the actual results or developments anticipated by AB InBev will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, AB InBev or its business or operations. Except as required by law, AB InBev undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The first quarter 2026 (1Q26) financial data set out in Figure 1 (except for the volume information), Figures 3 to 6, 8, 10 and 12 of this press release have been extracted from the group’s unaudited condensed consolidated interim financial statements as of and for the three-month period ended 31 March 2026, which have been reviewed by our statutory auditors PwC Bedrijfsrevisoren BV/Réviseurs d’Entreprises SRL in accordance with the standards of the Public Company Accounting Oversight Board (United States). Financial data included in Figures 7, 9 and 11 of this press release have been extracted from the underlying accounting records as of and for the three-month period ended 31 March 2026. References in this document to materials on our websites, such as www.ab-inbev.com, are included as an aid to their location and are not incorporated by reference into this document.
Conference call and webcast
Investor Conference call and webcast on Tuesday, 5 May 2026:
3.00pm Brussels / 2.00pm London / 9.00am New York
Registration details:
Webcast (listen-only mode):
AB InBev 1Q26 Results Webcast
To join by phone, please use one of the following two phone numbers:
Toll-Free: +1-877-407-8029
Toll: +1-201-689-8029
About AB InBev
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Beer is the drink for moderation, and for over a century, AB InBev has championed responsible drinking. We are committed to providing our consumers with Balanced Choices to enjoy on any occasion. We also invest in marketing that aims to reinforce positive behaviors, and we work with communities, customers, and partners to promote responsible consumption through evidence-based initiatives.
Our diverse portfolio of well over 400 beer brands includes global brands Budweiser®, Corona®, Stella Artois® and Michelob Ultra®; multi-country brands Beck’s®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 137 000 colleagues based in more than 40 countries worldwide. For 2025, AB InBev’s reported revenue was 59.3 billion USD (excluding JVs and associates).
Annex 1: Segment reporting
AB InBev Worldwide
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
136 268
(931
)
-
1 072
136 409
0.8
%
Revenue
13 628
(100
)
961
778
15 267
5.8
%
Cost of sales
(6 044
)
59
(400
)
(235
)
(6 620
)
(3.9
)%
Gross profit
7 583
(41
)
561
543
8 647
7.2
%
SG&A
(4 188
)
(7
)
(277
)
(271
)
(4 743
)
(6.5
)%
Other operating income/(expenses)
192
(17
)
15
(20
)
170
(11.6
)%
Normalized EBIT
3 587
(64
)
300
251
4 073
7.1
%
Normalized EBITDA
4 855
(69
)
396
255
5 437
5.3
%
Normalized EBITDA margin
35.6
%
35.6
%
(15)bps
North America
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
19 842
(97
)
-
(615
)
19 131
(3.1
)%
Revenue
3 364
(30
)
20
32
3 385
0.9
%
Cost of sales
(1 410
)
30
(7
)
32
(1 356
)
2.3
%
Gross profit
1 953
(1
)
13
63
2 029
3.2
%
SG&A
(1 052
)
(5
)
(9
)
(31
)
(1 095
)
(2.9
)%
Other operating income/(expenses)
14
(0
)
(1
)
(10
)
2
(74.2
)%
Normalized EBIT
916
(6
)
4
22
936
2.4
%
Normalized EBITDA
1 087
(2
)
5
7
1 097
0.7
%
Normalized EBITDA margin
32.3
%
32.4
%
(9)bps
Middle Americas
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
35 081
(728
)
-
1 632
35 985
4.8
%
Revenue
3 784
(78
)
450
349
4 505
9.4
%
Cost of sales
(1 350
)
40
(151
)
(102
)
(1 562
)
(7.8
)%
Gross profit
2 434
(37
)
299
247
2 943
10.3
%
SG&A
(911
)
13
(110
)
(72
)
(1 081
)
(8.0
)%
Other operating income/(expenses)
12
(0
)
1
(6
)
6
(48.1
)%
Normalized EBIT
1 535
(25
)
189
169
1 869
11.2
%
Normalized EBITDA
1 858
(24
)
224
149
2 206
8.1
%
Normalized EBITDA margin
49.1
%
49.0
%
(59)bps
South America
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
40 891
-
-
(126
)
40 765
(0.3
)%
Revenue
2 978
3
192
267
3 440
9.0
%
Cost of sales
(1 450
)
(3
)
(92
)
(112
)
(1 657
)
(7.7
)%
Gross profit
1 528
(0
)
100
156
1 784
10.2
%
SG&A
(849
)
(5
)
(47
)
(56
)
(957
)
(6.6
)%
Other operating income/(expenses)
97
(10
)
11
10
108
11.4
%
Normalized EBIT
776
(15
)
64
110
935
14.4
%
Normalized EBITDA
1 007
(10
)
80
113
1 190
11.3
%
Normalized EBITDA margin
33.8
%
34.6
%
73bps
EMEA
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
20 752
(95
)
-
274
20 931
1.3
%
Revenue
1 965
(31
)
252
87
2 274
4.5
%
Cost of sales
(1 028
)
17
(129
)
(13
)
(1 153
)
(1.3
)%
Gross profit
937
(14
)
123
75
1 121
8.1
%
SG&A
(607
)
(5
)
(84
)
(44
)
(739
)
(7.1
)%
Other operating income/(expenses)
44
(6
)
4
(8
)
35
(19.9
)%
Normalized EBIT
375
(25
)
43
23
416
6.7
%
Normalized EBITDA
624
(21
)
76
24
703
3.9
%
Normalized EBITDA margin
31.7
%
30.9
%
(18)bps
Asia Pacific
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
19 648
(18
)
-
(83
)
19 548
(0.4
)%
Revenue
1 450
(2
)
44
(19
)
1 474
(1.3
)%
Cost of sales
(685
)
1
(19
)
11
(691
)
1.7
%
Gross profit
766
(1
)
26
(8
)
783
(1.0
)%
SG&A
(420
)
0
(13
)
(22
)
(455
)
(5.1
)%
Other operating income/(expenses)
24
(0
)
1
(6
)
18
(27.3
)%
Normalized EBIT
369
(1
)
13
(36
)
346
(9.8
)%
Normalized EBITDA
523
4
18
(48
)
497
(9.2
)%
Normalized EBITDA margin
36.1
%
33.7
%
(289)bps
Global Export and Holding Companies
1Q25
Scope
Currency Translation
Organic Growth
1Q26
Organic Growth
Volumes
54
8
-
(11
)
50
(18.4
)%
Revenue
86
38
2
62
189
71.3
%
Cost of sales
(122
)
(26
)
(2
)
(52
)
(202
)
(42.4
)%
Gross profit
(36
)
13
0
10
(13
)
29.0
%
SG&A
(349
)
(6
)
(14
)
(47
)
(416
)
(13.6
)%
Other operating income/(expenses)
1
-
(0
)
(0
)
(0
)
(70.7
)%
Normalized EBIT
(384
)
7
(14
)
(38
)
(429
)
(9.8
)%
Normalized EBITDA
(244
)
(16
)
(7
)
11
(256
)
4.1
%
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Contacts
Investors
Shaun Fullalove
E-mail: shaun.fullalove@ab-inbev.com
Ekaterina Baillie
E-mail: ekaterina.baillie@ab-inbev.com
Patrick Ryan
E-mail: patrick.ryan@ab-inbev.com
Media
Media Relations
E-mail: media.relations@ab-inbev.com
Vultr, SUSE & Supermicro Debut Unified Cloud-to-Edge Architecture for Global AI Scaling
WEST PALM BEACH, Fla. - Wednesday, 06. May 2026
The strategic partnership bridges the gap between regional cloud and the far edge, combining ruggedized hardware and GitOps-driven Kubernetes to streamline large-scale AI deployments
(BUSINESS WIRE)--Vultr, the world's largest privately-held cloud infrastructure company, in collaboration with SUSE and Supermicro, today announces a strategic architectural framework designed to solve the complexities of deploying and operating AI workloads across distributed environments.
As AI moves closer to the point of data creation - from manufacturing floors to retail storefronts - organizations face significant challenges in latency, cost and operational consistency. This joint initiative provides a seamless, Cloud-to-Edge pipeline that integrates high-performance hardware, localized cloud infrastructure, and unified Kubernetes management.
The partnership addresses the reality that sending all data back to a central cloud is no longer viable for real-time AI. The solution breaks down the infrastructure into three critical layers:
The Cloud and Near-Edge - Enterprises can deploy regional Kubernetes-based AI clusters closer to their users by leveraging Vultr’s 33 global cloud data center regions. Using Cluster API (CAPI), teams can programmatically replicate and scale environments, using high-performance NVIDIA GPUs for inference when local edge capacity is exceeded.
The Metro Edge - Designed for diverse edge environments with ultra low latency and low power requirements, Supermicro’s large portfolio of CPU and GPU capable edge servers and devices allows for a near-bespoke hardware + software solution. Leveraging Supermicro’s strong partnership with SUSE, these systems have been validated with SUSE Linux Enterprise Server and SUSE Kubernetes Engine (RKE2 and K3s) to deploy and orchestrate distributed agents and inferencing on Vultr. These systems handle real-time workloads like computer vision and sensor data processing directly at the source.
The Control Layer - To manage thousands of sites without manual intervention, SUSE Edge (with SUSE Rancher Prime and Fleet) enables Git-Ops-driven workflow across cloud and distributed edge environments. When combined with SUSE AI, it ensures that the entire software stack, inclusive of security policies, model updates, and configurations, remain consistent from the core data center to the edge devices. For scenarios that extend into industrial systems, SUSE Industrial Edge builds on this model to support private, on-site deployments with deeper integration into operational environments.
"As AI moves into its next phase, the next challenge is data sovereignty and geographic proximity,” said Kevin Cochrane, Chief Marketing Officer at Vultr. "By combining our global reach with regional GPU acceleration, we are helping enterprises extend their primary cloud regions directly to the edge. This partnership ensures that no matter where data is created, the sovereign infrastructure to process it is already there and ready to scale."
Rhys Oxenham, VP and General Manager of AI at SUSE, added, “Operating at scale is the biggest hurdle in the edge ecosystem. Leveraging SUSE’s composable and distributed hybrid infrastructure model, we layer SUSE AI on top of SUSE Edge to provide the automation needed to roll out models, updates, and security policies across the entire architecture. Alongside our partners, we are making a truly distributed, manageable AI system a reality for modern enterprises.”
Keith Basil, VP and General Manager of Edge at SUSE, added, “As enterprises push intelligence closer to where data is created, the edge becomes more than infrastructure. It becomes an operational system. With SUSE Edge providing a consistent foundation across cloud and distributed environments, and SUSE Industrial Edge extending that model into on-site deployments with Vultr infrastructure and Supermicro’s purpose-built platforms, organizations can move from insight to real-time action.”
"The edge is a demanding environment that requires hardware designed for real-time resilience and thermal efficiency. Our systems are built to handle intensive AI inference workloads in locations where traditional data centers aren’t possible. Working with Vultr and SUSE, we are delivering a solution that bridges the gap between edge hardware and a seamless cloud experience," said Vik Malyala, President and Managing Director EMEA, SVP Technology and AI at Supermicro.
This partnership will be a focal point for upcoming industry discussions, where the companies will demonstrate how the convergence of Kubernetes and specialized edge hardware is making large-scale AI deployments practical for the first time.
About The Vultr Cloud Alliance
The Vultr Cloud Alliance is a growing ecosystem of best-of-breed IaaS, PaaS, and SaaS providers designed to give customers the ability to compose enterprise-grade cloud operations without the cost, complexity, and lock-in associated with hyperscaler platforms.
By partnering with open source leaders such as SUSE, Vultr is reinforcing its mission to make high-performance cloud infrastructure easy to use, affordable, and globally accessible for enterprises and AI innovators.
To learn more about Vultr and its open source partnerships, visit https://www.vultr.com/cloudalliance or contact sales to get started.
About Vultr
Vultr is on a mission to make high-performance cloud infrastructure easy to use, affordable, and locally accessible for enterprises and AI innovators around the world. Vultr is trusted by hundreds of thousands of active customers across 185 countries for its flexible, scalable, global Cloud Compute, Cloud GPU, Bare Metal, and Cloud Storage solutions. In December 2024, Vultr announced an equity financing at a $3.5 billion valuation. Founded by David Aninowsky and self-funded for over a decade, Vultr has grown to become the world’s largest privately-held cloud infrastructure company. Learn more at: www.vultr.com.
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Laserfiche Recognized as a Leader in 2026 Gartner® Magic Quadrant™ for Document Management
LONG BEACH, Calif. -
Laserfiche named a Leader for the second consecutive time based on its Completeness of Vision and Ability to Execute
(BUSINESS WIRE) -- Laserfiche — the leading SaaS provider of intelligent content management — has been positioned as a Leader in the 2026 Magic Quadrant for Document Management. Laserfiche believes this recognition underscores the company’s commitment to empowering organizations to transform complex, operational business processes through AI-powered content management.
“It’s incredible to see Laserfiche recognized during the same week as our annual Empower conference, where we announced our latest agentic AI capabilities,” said Thomas Phelps, senior vice president of corporate strategy and chief information officer at Laserfiche. “We believe being positioned as a Leader — and receiving the highest overall rating among 16 vendors in Gartner Peer Insights, with a 4.7 out of 5.0 based on over 1,300 reviews as of April 30, 2026 — reflects our relentless focus on product innovation and delivering value to our customers.”
As the document management market continues to evolve and expand, the ability to bridge the gap between static content and actionable enterprise intelligence has become a defining competitive advantage. In the report, Gartner noted, “A key challenge for organizations is harnessing the potential of unstructured data (content) using AI, while simultaneously mitigating risks through robust control and governance.”
Governance-first AI Innovation
Laserfiche continues to accelerate its product capabilities to meet the demands of modern IT environments, focusing on features that turn structured and unstructured content into an enterprise asset. These features prioritize the rigorous information governance, security and compliance standards required by the world’s most demanding industries, including government, financial services and manufacturing.
The platform now features advanced AI-enabled data extraction via Smart Fields, the Smart Chat AI assistant, improved metadata experiences, and enhanced data lookups, all designed to optimize content, making it structured, accessible and ready for AI consumption.
The company’s roadmap includes the expansion of Laserfiche AI Agents functionality including the ability to embed agentic tasks directly into workflows, and the ability to run Agents in the background, monitoring the system for the specified conditions and then completing tasks ambiently. Laserfiche will also introduce additional security advancements in Q3 of 2026. These updates will further solidify Laserfiche’s ability to support highly regulated industries with secure, governed AI deployment.
“Laserfiche has served as the backbone of our finance operations for years, delivering the stability and granular governance we require for our critical documentation,” said Desiree Champaco, VP of information technology and supply chain at Diamond of California. “As Diamond optimizes how we work with suppliers, production partners and customers, Laserfiche’s AI capabilities will play a larger role in how we capture, deliver and leverage accurate, reliable data.”
“As a Top Digital City, Scottsdale is dedicated to using world-class technology to provide our residents with a responsive, modern experience,” said Bianca Lochner, chief information officer for the City of Scottsdale. “Laserfiche has been a collaborative partner in our digital evolution, providing a secure framework to transform complex data into better citizen services. This innovation helps us to continue to scale operations and deliver on our mission of excellence for our community.”
Empowering Modern Enterprises with High-Impact, User-Centric Solutions
Gartner® Peer Insights™ captures customer experience with Gartner-verified ratings and reviews. As of May 5, 2026, Laserfiche reviews include the following:
“Laserfiche transformed the way we worked, it provided the possibility to unify our Financial Services into one site and one set of work standards. Support has been great when I have had issues I could not solve on my own.” — Senior Finance Manager in Manufacturing [read full review]
“Laserfiche is an incredibly robust Forms solution that allows us to provide innovative automated processes and to improve existing legacy business processes. We have been thrilled with this product.” IT Manager in Healthcare and Biotech [read full review]
For More Information
Download a complimentary copy of the report, 2026 Gartner® Magic Quadrant™ for Document Management.
Learn why Laserfiche was named as a Customers’ Choice in the 2025 Gartner Peer Insights™ ‘Voice of the Customer’: Document Management report.
Learn more about Laserfiche AI at laserfiche.com/ai.
Gartner Disclaimer
Gartner, Magic Quadrant for Document Management, Tim Nelms, Jed Cawthorne, Marko Sillanpaa, Rachel O'Farrell, Stephen Emmott, 30 April 2026
Gartner, Voice of the Customer for Document Management, Peer Contributors, 2025, 25 June 2025
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Laserfiche. Gartner, Magic Quadrant and Peer Insights are trademarks of Gartner, Inc. and/or its affiliates. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
About Laserfiche
Laserfiche is a leading enterprise platform for document management and content-centric workflow automation. Through scalable workflows, forms, no-code templates and AI-enabled capture, the Laserfiche® platform accelerates how business gets done.
Laserfiche pioneered the paperless office with enterprise content management. Today, Laserfiche’s cloud-first development approach incorporates innovations in machine learning and AI to enable organizations globally to transform into digital businesses. Customers in every industry — including government, education, financial services, healthcare and manufacturing — use Laserfiche to boost productivity, scale their business and deliver digital-first customer experiences.
Laserfiche employees are committed to the company’s vision of empowering customers and inspiring people to reimagine how technology can transform lives.
Connect with Laserfiche:
Laserfiche Blog | X | LinkedIn | Facebook
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Contacts
Media Contact:
Linda Domingo
Communications Director, Laserfiche
Linda.domingo@laserfiche.com
562-988-1688 ext. 234
TACTICA AI Introduces Region’s First AI Platform for Mission-Critical, Real-Time Operational Decisions
Built on deep tech developed by TII, TACTICA AI moves beyond dashboards to help decision-makers turn fragmented intelligence, sensor, and operational data into action
Showcased during Make it in the Emirates 2026, the platform has already been validated through real-world deployments in mission-critical environments
Built in Abu Dhabi, connected globally, TACTICA AI integrates partnerships with French-based Safran and Polish-based Satim
TACTICA AI, an Abu Dhabi-based start-up, today introduced its multi-domain decision-support platform to a wider market during Make it in the Emirates 2026. At a time of increasing operational complexity and pressure to make faster, better-informed decisions, the platform is designed to transform fragmented intelligence, sensor, and operational data into real-time decisions.
Already active in operational environments, TACTICA AI is believed to be the first publicly known platform of its type developed in the region, creating a new category of operational AI that goes beyond dashboards, data feeds, and analytics tools to support decision-making at the mission layer. The underlying technology was developed by the Technology Innovation Institute (TII), the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC) in less than 35 days and has already supported real-world deployments in mission-critical environments. The platform is designed to help organizations move from data to decisions with greater speed, coordination, and confidence.
The platform brings together GEOINT, or geospatial intelligence, which uses satellite imagery, radar, maps, and location-based data to understand what is happening on the ground; and OSINT, or open-source intelligence, which draws on publicly available information to provide wider context. It also integrates data from video feeds, sensors, IoT systems, and historical records. TACTICA AI then applies agentic AI orchestration to define the mission outcome first, before dynamically identifying which data sources, tools, models, or workflows are needed to support action. This approach fundamentally changes how operators interact with complex systems.
Unlike conventional systems that depend on static dashboards or manual analysis, TACTICA AI enables outcome-driven tasking, where the platform helps determine what needs to be achieved, not simply which sensor or provider should be used. This creates a unified operational picture across teams, domains, and data sources, bridging the gap between analysis, decision, and execution, while maintaining human-in-the-loop oversight for critical decisions.
Dr. Najwa Aaraj, CEO of TII, said: “TACTICA AI reflects the next phase of sovereign AI: systems that do not simply process information, but strengthen the ability to act on it. In complex environments, speed and clarity can define outcomes. By developing a mission-first decision-support platform in Abu Dhabi, TII is advancing technologies that serve real operational needs while reinforcing national capability, resilience, and independence.”
TACTICA AI has been designed for use across priority sectors, including defense and national security, crisis and emergency response, critical infrastructure, smart cities and mobility, energy and utilities, environment and sustainability, and industrial and logistics operations.
The platform integrates proprietary AI models originating from TII’s research ecosystem with best-in-class third-party models and technologies. Its architecture is designed to integrate technologies from multiple providers, rather than locking users into one supplier or system. It supports natural-language interaction, reasoning, and action; digitizes and structures standard operating procedures; assists analysts and operators in real time; and enables human-in-the-loop validation for responsible operational decision-making.
Dr. Chaouki Kasmi, on behalf of TACTICA AI, said: “TACTICA AI changes the operating model from ‘show me the data’ to ‘help me decide what to do next.’ It brings intelligence, tasking, workflows, and AI agents into a single decision layer, while remaining deployable on existing infrastructure. This is not a dashboard or an analytics tool — it is an operational capability designed to support real decisions in demanding environments.”
The result is a platform that can help organizations reduce manual burden, remove silos, and coordinate action across complex environments.
TACTICA AI has already established partnerships with leading geospatial imagery analysis players, including French-based Safran and Polish-based Satim, strengthening its ability to integrate advanced capabilities across the global intelligence and operational technology ecosystem.
The platform can also be deployed with high-performance computing infrastructure in containerized environments, creating a mobile GEOINT decision-support capability designed for operational settings where speed, resilience, and flexibility are critical.
The public introduction of TACTICA AI reinforces Abu Dhabi’s growing role as a testbed for applied intelligence and advanced technology, where frontier research is translated into operational capability. By combining data fusion, AI agents, mission-first tasking, and workflow digitalization, TACTICA AI is designed to help decision-makers act with greater precision in environments where time, coordination, and clarity matter most.
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https://www.aetoswire.com/en/news/6052026548177
Contacts
Thushara Mohnanan
thushara.mohanan@tii.ae
Andersen Global Adds Collaborating Firm NetExpat
(BUSINESS WIRE) -- Andersen Global strengthens its platform across Asia Pacific, Europe, and the U.S. through a Collaboration Agreement with NetExpat, a firm specializing in employee assistance, intercultural training, and leadership development for internationally mobile employees.
Founded more than 25 years ago, NetExpat is a recognized leader in global mobility and talent management, supporting multinational clients worldwide. The firm provides assessment, training, and coaching programs designed to support global workforces and their relocating employees, including intercultural readiness assessments, high-impact cultural training, employee spouse career and integration support, and talent development programs for internationally oriented teams.
“For more than two decades, NetExpat has focused on helping organizations and their people thrive amid international mobility,” said Alain Verstandig, co-founder & CEO of NetExpat. “Collaborating with Andersen Global allows us to amplify that commitment, bringing our expertise to a wider global platform and helping companies build stronger, more resilient global teams.”
“This collaboration strengthens our ability to support clients navigating complex cross-border mobility needs,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “NetExpat adds meaningful dimension to our global platform and enhances the services we provide to multinational organizations and their international workforces.”
Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260505538489/en/
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https://www.aetoswire.com/en/news/0505202654787
Contacts
Megan Tsuei
Andersen Global
415-764-2700
Tuesday, May 5, 2026
LTM and Uniphore Partner to Scale Domain-Specific AI Across Core Business Processes
Uniphore’s Business AI Cloud will power LTM’s BlueVerse™ ecosystem to deliver industry-specific small language models and AI agents for core enterprise workflows
(BUSINESS WIRE) -- Uniphore, the Business AI Company, and LTM, the Business Creativity partner to the world's largest enterprises, today announced a strategic partnership focused on the joint development of industry- and domain-specific AI solutions that combine small language models (SLMs), AI agents, and deep domain expertise.
As AI adoption matures, enterprises are shifting to smaller, purpose‑built models and agents for greater precision and control. The partnership brings this approach to core business processes with governance, security, and compliance by design. Uniphore’s Business AI Cloud will power LTM’s BlueVerse™ ecosystem and global delivery, unifying enterprise data, models, and AI agents on a secure, sovereign platform. LTM will drive industry expertise, client implementation, and AI‑led transformation, while Uniphore provides the foundation for building and fine‑tuning domain‑specific SLMs.
The partnership will initially focus on banking, financial services, and insurance (BFSI), manufacturing, and media and entertainment, co-developing solutions to support workflows such as financial planning and analysis (FP&A), contract intelligence, outbound logistics, workforce transformation, and contact center operations.
LTM will also deploy Uniphore's platform in its internal transformation, unlocking enterprise value in operations and enabling faster, more effective implementation timelines for clients.
“The world’s largest enterprises want AI that delivers real business impact in their core workflows,” said Umesh Sachdev, CEO and Co-founder of Uniphore. “LTM shares this vision with us. They had already started the journey with BlueVerse™. We are excited to accelerate it by combining Uniphore’s Business AI Cloud with LTM’s deep transformation expertise and global delivery scale. Together, we will turn enterprise data, knowledge, and intent into measurable business outcomes where it matters most.”
“The real value of AI lies in applying it to industry-specific and domain-led solutions that drive customer business results. This partnership strengthens our ability to move AI from intent to execution across critical business domains and workflows. It reflects our continued focus on scale, reliability and delivering outcomes that matter to our clients,” said Venu Lambu, CEO and Managing Director, LTM.
LTM and Uniphore will work together to commercialize these solutions and drive long-term customer adoption. The partnership will foster ongoing collaboration on development, delivery and continuous refinement as the companies scale the offering. Over time, they plan to expand the approach to additional industries and processes.
About Uniphore
Uniphore is the Business AI Company that unlocks the agentic enterprise with a complete, composable AI platform spanning agents, models, knowledge, and data. Its platform, the Business AI Cloud, bridges the AI divide between consumer AI and enterprise AI—combining the simplicity of consumer AI with the rigor, security and scalability required for the enterprise. Uniphore allows business users to effortlessly harness AI and deliver results immediately, while providing CIOs the foundation to deliver powerful AI applications that are embedded into workflows, trained on enterprise data.
Trusted by more than 2,000 businesses globally, recognized by Gartner, Forrester, and listed on the Deloitte Fast 500, Uniphore delivers on the promise of AI as a transformative force for business. Learn more at www.uniphore.com.
About LTM
LTM — a Larsen & Toubro Group Company — is an AI-centric global technology services company and the Business Creativity partner to the world’s largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI — enabling new ways of working, new productivity paradigms, and new roads to value. Together with over 87,000 employees across 40 countries and our global network of partners, LTM owns outcomes for our clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260505955752/en/
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https://aetoswire.com/en/news/0505202654786
Contacts
Media Contacts:
Tim Harris, Director of Global Public Relations at Uniphore
tim.harris@uniphore.com
General Press Inquiries press@uniphore.com
Michelle Kumar, Global Public Relations, LTM
Michelle.nalinikumar@ltm.com