U.S. COMPANY FILING
MOLSON COORS BEVERAGE CO — Form 10-K filed 2026-02-18
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Molson Coors' 2025 results were impacted by a $3.65 billion goodwill impairment in the Americas reporting unit, a $198.6 million impairment of Staropramen brands, and a $75.3 million impairment of Blue Run Spirits, driven by industry declines and cost pressures. The company announced an Americas Restructuring Plan in October 2025, with expected charges of about $35 million. Operating cash flow fell to $1.78 billion, but the effective tax rate dropped to 13% due to the non-deductible impairment, and cash taxes were reduced by approximately $80 million from the OBBBA.
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