TAP

• U.S. GAAP income before income taxes decreased 49.0% to $283.1 million; underlying (non-GAAP) income before income taxes decreased 27.8% in constant currency to $383.2 million.
• U.S. GAAP net income attributable to MCBC was $231.7 million, or $1.23 per diluted share, down 42.3% from $2.13 per share a year ago.
• Underlying (non-GAAP) diluted earnings per share decreased 22.9% to $1.58.
• The company reaffirmed its full-year guidance, citing progress on cost savings initiatives and capital allocation including M&A, debt refinancing, dividends, and share buybacks.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• On June 24, 2026, Molson Coors announced that Philip Whitehead, President and CEO of its EMEA&APAC business, will temporarily step away due to a medical condition.
• The change is reported under Item 5.02 of Form 8-K.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Molson Coors International LP, a wholly-owned indirect subsidiary, issued C$500 million aggregate principal amount of 4.300% Senior Notes due 2033.
• Net proceeds from the concurrent offerings were approximately $1,846 million, after deducting estimated fees, expenses, and underwriters' discounts.
• Proceeds will be used for general corporate purposes, including repayment of $2.0 billion 3.00% Senior Notes due 2026 and C$500 million 3.44% Senior Notes due 2026.
• The notes are senior unsecured obligations, guaranteed by certain wholly-owned subsidiaries, and subject to customary covenants and events of default.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• The USD notes are guaranteed by certain subsidiaries and will be issued on May 27, 2026, with Citigroup, BofA Securities, and Goldman Sachs as underwriter representatives.
• Separately, Molson Coors International LP agreed to sell C$500M of 4.300% Senior Notes due 2033, guaranteed by the parent and certain subsidiaries.
• The CAD notes are being sold outside the U.S. under Regulation S and are not registered under the Securities Act.
• The offerings were reported under Item 8.01 as other events, with the underwriting and purchase agreements filed as exhibits.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• At the May 6, 2026 Annual Meeting, Molson Coors stockholders voted on three proposals: director elections, a non-binding advisory vote on executive compensation, and ratification of the independent auditor.
• The non-binding advisory vote on named executive officer compensation passed with 153,627,533 votes for, 7,383,703 against, and 207,074 abstentions.
• Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026, with 5,065,943 votes for and 1,033 against.
• The report was filed under Item 5.07 to disclose the final voting results of the Annual Meeting.

5.07 Submission of Matters to a Vote of Security Holders

• U.S. GAAP income before income taxes rose 24.6% to $194.7 million; GAAP net income attributable to MCBC was $151.3 million, or $0.80 per diluted share.
• Underlying (Non-GAAP) income before income taxes increased 16.2% in constant currency to $147.9 million; underlying diluted EPS was $0.62, up 24.0%.
• Financial volume decreased 2.9% to 14.964 million hectoliters; brand volume decreased 3.1% to 15.068 million hectoliters.
• The company reaffirmed its full-year guidance metrics, citing cost savings and lower MG&A offsetting commodity inflation and lower volumes.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q4 2025 U.S. GAAP income before income taxes decreased 23.1% to $266.3 million; underlying income before income taxes was $296.8 million, down 13.8% in constant currency.
• Full year 2025 net sales decreased 4.2% reported and 4.8% in constant currency to $11,140.8 million.
• Full year 2025 U.S. GAAP loss before income taxes was $2,518.0 million, including a $3,645.7 million non-cash partial goodwill impairment charge and $273.9 million intangible asset impairment charges.
• Board approved a $2.0 billion increase to the Class B common stock repurchase program, bringing aggregate authorization to $4.0 billion, extended to December 31, 2031.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Michelle St. Jacques, Chief Commercial Officer, departed Molson Coors effective November 14, 2025, as previously announced on October 6, 2025.
• Severance payments terminate early if she is rehired by the Company, commences employment elsewhere, or requests a lump sum payout.
• She remains eligible for a prorated 2025 MCIP award payable in March 2026, with her individual performance component at target (100%), plus a cash payment of her target MCIP bonus of $675,254 at the end of the Severance Period, subject to forfeiture if she works for a competitor.
• Her unvested restricted stock units and performance share units granted in 2023, vesting in February 2026, will be canceled but she will receive a cash payment of approximately equivalent value under the U.S. Severance Pay Plan.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits