Investments in associates (Tables)

12 Months Ended

Dec. 31, 2025

Investments accounted for using equity method [abstract]

Summarized Financial Information to Carrying Amount of Company's Interests in Material Associates

A reconciliation of the summarized financial information to the carrying amount of the company’s interests in material associates is as follows:



		2025												2024

Million US dollar		Castel				Anadolu Efes								Castel				Anadolu Efes

Balance at 1 January			3 125				214								3 482				164
Effect of movements in foreign exchange			375				(211)								(303)				(128)
Dividends received			(77)				(4)								(158)				(10)
Share of results of associates			140				53								104				84
Exceptional share of results of associates			-				9								-				104
Balance at 31 December			3 563				60								3 125				214

Summarized Financial Information of the Company's Material Associates

Summarized financial information of the company’s material associates is as follows:



		2025										2024

Million US dollar		Castel				Anadolu Efes						Castel				Anadolu Efes

Current assets			3 793				2 820						3 411				3 542
Non-current assets			4 983				6 779						4 520				6 361
Current liabilities			(2 187)				(2 688)						(1 997)				(2 985)
Non-current liabilities			(700)				(1 962)						(586)				(2 066)
Non-controlling interests			(699)				(2 592)						(561)				(2 424)
Net assets¹			5 190				2 357						4 788				2 428

Revenue			5 637				5 596						5 329				6 421
Profit (loss)			724				476						654				1 214
Other comprehensive income (loss)			(166)				(717)						(206)				(1 853)
Total comprehensive income (loss)			557				(241)						448				(638)

1

The net assets are converted at the respective closing rates of December.