Volume and revenue growth across all regions.
Growth: continued momentum, all regions contributing
- Total volume grew 4.8% (YTD: 2.7%), with consolidated volume 3.9% (YTD: 1.6%), licensed volume 19.5% (YTD: 21.8%).
- Net revenue grew 4.6% (YTD: 3.4%), net revenue per hectolitre up 0.7% (YTD: 1.7%).
- Price-mix on a constant geographic basis up 1.8% (YTD: 2.4%).
- Gained or held share in more than two-thirds of our markets
Segments and Brands: priority segments and global brands driving growth
- Premium volume grew 11.5%, significantly ahead of the total portfolio.
- Global brands volume grew 9.9% (YTD: 6.9%), with all five brands in growth, and Heineken® up 9.7% (YTD: 6.8%).
- Mainstream volume increased 2.4% (YTD: 0.3%), with our local power brands outperforming.
- Low & no-alcohol grew in the double-digits, led by Heineken® 0.0 and Heineken® Ultimate.
- Beyond beer volume grew in the mid teens, supported by Desperados innovations.
Regional performance: all four regions in volume and revenue growth
- Africa & Middle East: sustained resilient growth.
- Americas: returned to growth on easier comparison base.
- Asia Pacific: solid momentum continued.
- Europe: volume growth and strong summer execution on softer comparatives.
Progressing with pace on EverGreen 2030 priorities
- Accelerated innovation, including Heineken® Ultimate 3.5%, Desperados Sunlight, and Tiger Smooth.
- Agreed to acquire a majority stake in Stëlz, subject to regulatory approval, to strengthen our beyond beer portfolio.
- Productivity programme on track to deliver €500m gross savings for the full-year.
- Scaling our simplified European operating model following successful pilots.
- Reiterating our 2% to 6% organic operating profit growth guidance for 2026.
"We delivered good volume growth of 5%, with positive contributions from all regions, and strong delivery from our global brands and priority segments in particular. This gives us confidence to confirm our full-year outlook.
Joining HEINEKEN at a time when our teams are delivering solid results while remaining focused on implementing our strategy is a real privilege. My first impressions are positive, particularly the strength of our brands, the commitment of our people, and the growth potential across our geographic footprint. We have strong foundations, but we are not translating them into consistent growth and winning with consumers and customers as often as we should. There is more to do to sharpen execution, increase pace, and build a stronger performance culture, with greater accountability across the business.
These first weeks have been about listening, learning, and understanding. I look forward to sharing more of my perspective when we report our full-year results."
Rafa Oliveira, CEO
Outlook
Based on current macroeconomic conditions, we assume a broadly unchanged consumer environment across most of our markets. We are accelerating disciplined execution of our strategy and continue to invest in sustainable growth, funded by productivity. Reflecting our strong performance to date, we remain confident in delivering our 2026 guidance of 2% to 6% operating profit growth. All other guidance metrics also remain unchanged.
The full press release is available for download here.