BUD APAC (01876) fell more than 4%, trading at HK$7.93 by the time of writing, with a turnover of HK$70.81 million. The decline follows the company's release of its annual results for the period ending December 31, 2025. Revenue stood at $5.764 billion, a decrease of 7.7% year-on-year. Profit attributable to equity holders of BUD APAC was $489 million, down 32.6% compared to the previous year. Basic earnings per share were 3.70 US cents. Total volume for the full year 2025 declined by 6.0%, impacted by the company's business footprint in China, though this was partially offset by its performance in India. Furthermore, fourth-quarter revenue was $1.073 billion, down 6% year-on-year. The loss for the quarter widened to $105 million, compared to a loss of $16 million in the same period last year.