Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 93

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 93
---
 82.6% increase compared to Ch$234,814 million during 2023. The cost of sales per unit case increased 105.6% in the same period. In local currency (in real terms, based on currency rates as of December 2024) cost of sales decreased 5.9% mainly due to (i) the lower sales volume, and (ii) a lower cost of concentrate. This was partially offset by (i) a higher labor cost, (ii) the devaluation of the Argentine peso on our costs incurred in dollars, (iii) a higher cost of Pet resin, and (iv) a higher cost of sugar. Our cost of sales in Argentina represented 53.7% of net sales in Argentina for the year ended December 31, 2024, compared to 51.0% for 2023.

62

Paraguay
Our cost of sales in Paraguay was Ch$161,443 million during the year ended December 31, 2024, a 29.4% increase compared to Ch$124,799 million during 2023. Cost of sales per unit case increased 18.0% during the same period. In local currency, cost of sales increased 19.7%, mainly explained by (i) the higher volume sold, (ii) a higher cost of sugar and fructose, and (iii) the shift in the mix towards higher unit cost products. Our cost of sales in Paraguay represented 57.2% of net sales in Paraguay for the year ended December 31, 2024, compared to 55.8% for 2023.
Gross Profit
Due to the factors described above, our gross profit was Ch$1,278,870 million during the year ended December 31, 2024, a 25.8% increase compared to Ch$1,016,440 million during 2023. Our gross profit represented 39.7% of our net sales during the year ended December 31, 2024, compared to 38.8% of our net sales in 2023.
Distribution, administrative and sales expenses
We had distribution, administrative and sales expenses of Ch$851,788 million during the year ended December 31, 2024, a 29.2% increase compared to Ch$659,103 million during 2023. This increase is explained mainly by (i) the effect of translating figures from our foreign subsidiaries to the reporting