Company: AKO-B
Filing Date: 2025-01-28
Form Type: 6-K
Source: 0001104659-25-006714
Chunk: 13

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-01-28
Form: 6-K
Chunk 13
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, partially offset by
the growth in the Paraguayan operation. Transactions amounted to 4,950.5 million, an increase of 1.9%. Consolidated Net Sales reached
CLP 3,224,233 million, an increase of 23.1%.

Consolidated Cost of Sales increased 21.4%, which
is mainly explained by (i) the effect of translating figures from our foreign subsidiaries to the reporting currency, (ii) higher sales
volumes in Brazil and Paraguay, (iii) higher sugar costs, (iv) higher labor costs in Argentina, and (v) the effect of the devaluation
of local currencies on our dollarized costs. This was partially offset by (i) lower sales volume in Argentina, (ii) lower concentrate
cost in Argentina and Chile, and (iii) lower Pet resin cost in Chile.

Consolidated Distribution Costs and Administrative
Expenses increased 29.2%, which is mainly explained by (i) the effect of translating figures from our foreign subsidiaries to the reporting
currency, (ii) higher marketing expenses in Brazil and Paraguay, (iii) higher labor expenses in Brazil, Chile and Paraguay, and (iv)
higher distribution expenses in Brazil, Chile and Paraguay, and (v) lower other operating income that are classified under this item.
This was partially offset by (i) lower distribution costs in Argentina, due to lower volumes sold, and (ii) lower labor costs in Argentina.

The aforementioned effects led to a consolidated
Operating Income of CLP 427,081 million, an increase of 19.5%. Operating Margin was 13.2%.

Consolidated Adjusted EBITDA reached CLP 578,192
million, an increase of 23.0%. Adjusted EBITDA Margin was 17.9%, a contraction of 2 basis points.

Net Income attributable to the owners of the controller was CLP 232,663 million, an increase of 35.7%, and net margin reached 7.2%.

| COCA-COLA ANDINA      |     |
| 4Q24 EARNINGS RELEASE |     |
| www.koandina.com      |     |
|                       | -7- |

Argentina

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