Heineken

HEIA · Euronext Amsterdam · EUR

€69.66+0.93%+€0.64

Close · October 2, 2026

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.

Balance sheet · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total assets	58,044	53,753	51,634	53,773	54,564	55,153	56,913	52,406	52,349	48,850
Current assets	12,224	12,893	11,079	10,899	11,870	11,399	12,844	11,015	11,765	9,578
Cash and equivalents	2,831	4,773	2,066	2,350	2,277	2,377	2,168	2,765	2,889	3,248
Receivables	5,542	4,194	5,422	4,191	5,551	4,683	5,895	4,130	5,073	3,351
Inventory	3,535	3,263	3,463	3,572	3,859	3,721	4,370	3,250	3,143	2,438
Net property, plant and equipment	15,392	14,537	14,066	14,677	14,463	14,772	14,299	13,623	12,697	12,401
Goodwill	—	11,588	—	12,301	—	12,238	—	12,250	—	11,810
Other intangible assets	23,531	8,423	20,216	9,400	21,771	9,543	22,653	9,158	21,357	8,952
Long-term investments	4,111	3,729	3,657	3,979	3,987	4,706	4,840	4,450	4,412	4,283
Current liabilities	16,290	13,932	14,864	14,238	15,290	14,825	16,747	14,190	14,319	12,094
Accounts payable	10,318	5,830	9,554	5,986	9,401	5,735	9,744	5,852	9,091	4,631
Long-term debt	14,694	15,021	12,072	12,753	12,460	13,085	13,191	11,988	11,898	12,790
Total debt	20,644	19,279	17,586	—	—	—	—	—	—	—
Total liabilities	36,338	33,139	31,398	31,371	32,482	32,364	34,850	30,486	30,793	29,150
Total equity (incl. minority)	21,706	20,614	20,236	22,402	22,082	22,789	22,063	21,920	21,556	19,700
Retained earnings	21,585	21,662	21,182	21,184	20,396	21,054	20,324	19,593	18,528	17,669
Minority interest	2,584	2,636	2,523	2,821	2,674	2,733	2,662	2,369	2,412	2,344