Heineken
€69.66Change from previous close: +0.93%Absolute change: +€0.64
At a glance
- Revenue growth
- −3.58%
- 2025 vs 2024
- Net income growth
- +92.74%
- 2025 vs 2024
- Net margin
- 6.6%
- 2024: 3.3%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 5,012 | 5,503 | 4,430 | 4,496 | 4,181 |
| Depreciation and amortization | 2,147 | 2,159 | 1,975 | 1,900 | 1,767 |
| Capital expenditure | -2,133 | -2,184 | -2,434 | -1,791 | -1,324 |
| Investing cash flow | -2,455 | -2,435 | -3,576 | -2,286 | -2,277 |
| Financing cash flow | 153 | -2,574 | -816 | -3,127 | -2,883 |
| Dividends paid | -1,276 | -1,199 | -1,335 | -1,099 | -796 |
| Share repurchases | -701 | -5.0 | -942 | -43.0 | — |
| Debt issued | 6,582 | 3,076 | 6,751 | 644 | — |
| Debt repaid | -4,051 | -4,091 | -4,614 | -1,934 | — |
| Effect of exchange rates | -151 | -166 | -231 | -21.0 | 16.0 |
| Net change in cash | 2,559 | 328 | -193 | -938 | -963 |
| Free cash flow | 2,879 | 3,319 | 1,996 | 2,705 | 2,857 |
| Levered free cash flow | 2,138 | 2,628 | 593 | 2,227 | 2,207 |