AB InBev Buys Back Another 525,297 Shares as Capital Return Program Rolls On
Brewing giant Anheuser-Busch InBev (AB InBev) has repurchased a further 525,297 of its own shares, the company disclosed in a regulated filing released through the JSE's SENS platform on June 23, 2026, as it presses ahead with the buy-back program first announced in October 2025.
The latest purchases were made over five trading days, from June 15 to June 19, 2026, at an average price of EUR 70.8650 per share, for a total outlay of EUR 37.23 million (about USD 43 million). The shares were bought back under a discretionary mandate handed to an independent financial intermediary.
AB InBev carries a primary listing on Euronext Brussels (ABI) and secondary listings on the Mexican Stock Exchange (ANB) and the Johannesburg Stock Exchange (ANH), with American Depositary Receipts trading on the New York Stock Exchange (BUD).
What the filing shows
The disclosure, made in line with Belgian company law, sets out the daily breakdown of the week's repurchases:
| Date | Shares | Total (EUR) | Average price (EUR) | Lowest (EUR) | Highest (EUR) |
|---|---|---|---|---|---|
| 15 Jun 2026 | 104,036 | 7,409,995.31 | 71.2253 | 70.78 | 71.62 |
| 16 Jun 2026 | 104,841 | 7,422,774.25 | 70.8003 | 70.18 | 71.26 |
| 17 Jun 2026 | 103,700 | 7,409,624.25 | 71.4525 | 70.76 | 71.90 |
| 18 Jun 2026 | 106,668 | 7,465,287.98 | 69.9862 | 69.26 | 71.02 |
| 19 Jun 2026 | 106,052 | 7,517,464.20 | 70.8847 | 70.36 | 71.38 |
| Total | 525,297 | 37,225,145.99 | 70.8650 | 69.26 | 71.90 |
Prices over the week held in a fairly tight band, ranging from a low of EUR 69.26 on June 18 to a high of EUR 71.90 on June 17.
Where the program stands
Since the buy-back kicked off on November 3, 2025, AB InBev has now repurchased 23,479,519 shares for a combined EUR 1.42 billion (about USD 1.66 billion). That tally represents roughly 1.16% of the company's total shares outstanding.
Share buy-backs reduce the number of shares in circulation, which can lift earnings per share and is generally read by the market as a sign of management's confidence in the company's cash generation and outlook. For AB InBev, the program forms part of a broader return-of-capital effort, details of which the company publishes on its investor relations site.
What you should know
AB InBev, headquartered in Leuven, Belgium, is one of the world's largest brewers, with a portfolio of more than 400 beer brands spanning global names such as Budweiser, Corona and Stella Artois, alongside local champions including Castle, Castle Lite and Aguila in its African markets.
- The group reported revenue of USD 59.3 billion for 2025, excluding joint ventures and associates.
- It employs around 137,000 people across more than 40 countries, with a brewing heritage that stretches back over 600 years.
- For JSE investors, the ANH counter offers rand-denominated exposure to a globally diversified consumer-staples business with a balanced footprint across developed and emerging markets.
The company's JSE sponsor is Questco Corporate Advisory Proprietary Limited. AB InBev is expected to continue reporting on the program's progress at regular intervals as the buy-backs proceed.