Beer brewer Heineken N.V. (EURONEXT:HEIA) reported a 7.4% organic rise in operating profit to €2.03 billion in the first half of 2025, supported by premium beer growth and strong performances in Africa and Asia.
Group revenue reached €16.9 billion, with Heineken brand volumes up 4.5% despite softer conditions in Europe and the Americas.
The Dutch brewer reaffirmed its full-year outlook for 4% to 8% organic profit growth.
Volume grew in 27 markets, with Heineken Silver (its light beer under the flagship brand) posting double-digit gains in China and Vietnam.
Chief executive Dolf van den Brink described them as "solid" results.
"Our volume performance improved across all regions in the second quarter and continued to be of high quality," he said in a statement.
"Our advantaged geographical footprint helped us to adapt to ongoing macro-economic challenges, which impacted consumer sentiment and expenditures."
In the markets, meanwhile, traders were distracted by the EU's trade agreement with the United States, which, whilst securing a reduced tariff on exports in the US, still cemented a 15% rate on EU goods (from 30%).
Heineken, like other major global brands, is continuing to assess options to best handle the challenge of US tariffs.
In Amsterdam, Heineken shares were down 3.5% in Monday morning's trade at €74.94.