ANDINA BOTTLING CO INC
For the period ended Oct 28, 2025. Filed Oct 29, 2025.
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Oct 28, 2025 · Filed Oct 29, 2025
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Contents
Paraguay
| 9M24 | 9M25 | % Var. | 9M24 | 9M25 | % Var. | |
|---|---|---|---|---|---|---|
| (Figures in million CLP) · (Figures in million PGY) | ||||||
| Net Sales | 197,637 | 214,954 | 8.8% | 1,571,724 | 1,737,085 | 10.5% |
| Operating Income | 45,572 | 47,773 | 4.8% | 361,111 | 387,375 | 7.3% |
| Adjusted EBITDA | 57,673 | 58,806 | 2.0% | 457,482 | 476,688 | 4.2% |
Sales Volume reached 61.1 million unit cases, representing an increase of 2.8%, explained by the increase in volume in the Soft Drinks, Water, and Beer and other alcohols categories, partially offset by the decrease in the Juices and other non-alcoholic beverages category. Volumes increased by 5.1% when excluding the impact of the 1.3 million unit cases sold to Coca-Cola Femsa during the same period of last year. Transactions reached 391.4 million, representing an increase of 6.6%.
Net Sales totaled CLP 214,954 million, an increase of 8.8%. In local currency, net sales increased by 10.5%, which is explained by a higher average price and, to a lesser extent, by the aforementioned increase in sales volume.
Cost of Sales increased by 11.3% and in local currency by 12.9%, mainly due to (i) higher concentrate costs, (ii) higher PET resin costs, and (iii) a shift in the mix toward products with higher unit costs. This was partially offset by lower sugar costs.
COCA-COLA ANDINA
3Q25 EARNINGS RELEASE
www.koandina.com
-9-
Distribution Costs and Administrative Expenses increased by 6.1% in the reporting currency. In local currency, they increased by 7.5%, mainly due to (i) greater distribution costs as a result of increased volumes and higher rates, (ii) higher marketing expenses, and (iii) higher labor costs. This was partially offset by higher operating income classified under this item.
The above effects led to an Operating Income of CLP 47,773 million, 4.8% higher than the previous year. Operating margin reached 22.2%. In local currency, Operating Income increased by 7.3%.
Adjusted EBITDA reached CLP 58,806 million, 2.0% higher than the previous year, and Adjusted EBITDA Margin was 27.4%, a contraction of 182 basis points. In local currency, Adjusted EBITDA increased by 4.2%.
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