Company: AKO-B
Filing Date: 2025-01-28
Form Type: 6-K
Source: 0001104659-25-006714
Chunk: 19

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-01-28
Form: 6-K
Chunk 19
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     |  9.5 | % |

Sales volume reached 85.0 million unit cases,
an increase of 9.6%, explained by the increase in volume in all categories. Transactions totaled 521.6 million, an increase of 9.2%.

Net Sales amounted to CLP 282,065 million, an
increase of 26.0%. In local currency, Net Sales increased 16.4%, which is explained by the aforementioned increase in Sales Volume and
a higher average price.

Cost of Sales increased 29.4% and in local currency
they increased 19.7%, which is 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.

Distribution and Administrative Expenses increased
24.9% in the reported currency. In local currency, they increased 15.3%, which is mainly explained by (i) higher cost of labor and services
provided by third parties, (ii) higher marketing expenses, and (iii) higher distribution expenses, due to higher sales volumes.

The aforementioned effects, as well as the effect
of translating figures into the reporting currency, led to an Operating Income of CLP 65,249 million, 19.2% higher when compared to the
previous year. Operating Margin reached 23.1%. In local currency Operating Income increased 10.0%.

Adjusted EBITDA reached CLP 81,270 million, 18.7%
higher when compared to the previous year, and Adjusted EBITDA Margin was 28.8%, a contraction of 177 basis points. In local currency,
Adjusted EBITDA increased 9.5%.

NON-OPERATING RESULTS FOR THE QUARTER

Net Financial Income and Expenses account recorded an expense of CLP 6,172 million, compared to an expense of CLP 8,247 million in the same quarter of the previous year, mainly due to higher net financial income from the restatement of PIS-COFINS loans in Brazil (CLP 8,155 million), which was partially offset by a lower cash level at the Corporate level and in Argentina.

Share of Profit or Loss from Investments Accounted
for by the Equity Method went from a profit of CLP 2,721 million to a loss of CLP 862 million, which is mainly explained by lower results
of subsidiaries in Chile.

Other Income and Expenses account recorded