Carlsberg shares climbed 4% in early trading after the Danish brewer reported 6% growth in annual underlying operating profit to £1.3 billion, reaching the top end of its forecast range.
The brewer said it expects further profit growth of 1% to 5% this year.
Full-year revenue slightly beat expectations, though sales volumes fell short due to challenges in key markets.
Despite this, Carlsberg saw strong demand for its premium beers in China, a positive sign after economic pressures had led some consumers to trade down to cheaper options.
The company expects a "relatively stable" consumer environment in 2025 but warned of continued uncertainty in Asia and Europe.
In early trading, the stock was up 28DKR at 761.20DKR.