Company: AKO-B
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0001104659-25-041498
Chunk: 9

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-04-30
Form: 6-K
Chunk 9
---
 | % |     |                         | 144,650 |     |      | 165,873 |     |       | 14.7 | % |
| Adjusted EBITDA  |     |                         | 23,081 |     |      | 23,738 |     |       | 2.8 | % |     |                         | 177,344 |     |      | 195,530 |     |       | 10.3 | % |

During the quarter, Sales Volume reached 22.9
million unit cases, an increase of 5.6%, explained by the increase in the Soft Drinks, Waters and Beer and other alcoholic beverages categories,
partially offset by the decrease in the Juices and other non-alcoholic beverages category. Transactions amounted to 139.9 million, an
increase of 4.7%.

Net Sales amounted to CLP 77,385 million, an increase
of 4.2%. In local currency, Net Sales increased 11.5%, which was mainly explained by the aforementioned volume increase and a higher average
revenue per unit case sold.

Cost of sales in the reporting currency increased 5.5%. In local currency, it increased 12.8%, which is mainly explained by (i) the higher volume sold, (ii) a shift in the mix towards higher unit cost products, (iii) a higher cost of concentrate due to price increases, and (iv) a higher cost of Pet resin. This was partially offset by the lower cost of sugar.

Distribution and Administrative Expenses decreased 2.9%, and in local currency they increased 3.7%. This is mainly explained by higher distribution expenses, higher volume and higher tariffs, which were partially offset by lower labor costs.

The aforementioned effects led to an Operating
Income of CLP 20,140 million, 7.0% higher when compared to the previous year. Operating Margin reached 26.0%. In local currency, Operating
income increased 14.7%.

Adjusted EBITDA reached CLP 23,738 million, an
increase of 2.8%, and Adjusted EBITDA Margin was 30.7%, a contraction of 40 basis points. In local currency, Adjusted EBITDA increased
10.3%.

| COCA-COLA ANDINA      |     |
| 1Q25 EARNINGS RELEASE |     |
| www.koandina.com      |     |
|                       | -6- |