Company: AKO-B
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001104659-25-071843
Chunk: 23

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-07-30
Form: 6-K
Chunk 23
---
 
    pp |   |

Liquidity

Current liquidity showed
a positive variation of 18.5% compared to December 2024, explained by the decrease in current liabilities (31.8%), which was greater
than the decrease in current assets (19.3%).

Acid ratio increased by
4.6% compared to December 2024, due to the reasons outlined above, coupled with an increase in inventories (3.2%) during the period.
Current assets excluding inventories decreased by 28.7% compared to December 2024.

Activity

At the end of June 2025,
investments reached CLP 95,691 million, corresponding to a decrease of 27.5% compared to the same period in 2024, mainly explained by
lower productive investments (mainly due to the beer factory in Brazil).

Inventory turnover reached
3.2 times, showing a decrease of 11.1% compared to the same period in 2024, mainly explained by the increase in average inventory (23.5%),
which was higher than the increase in Cost of Sales (9.8%) compared to the same period in 2024.

Indebtedness

The debt ratio reached
0.7 times at the end of June 2025, corresponding to an increase of 9.0% compared to the end of December 2024. This is mainly due to the
increase in net financial debt (19.1%), which was higher than the increase in total equity (9.2%).

The financial expense coverage
ratio shows a decrease of 21.9% compared to December 2024, reaching a value of 9.9 times. This is explained by the fact that the increase
in net financial expenses for the 12-month rolling period (29.1%) was greater than the increase in adjusted EBITDA for the 12-month rolling
period (0.8%).

Net financial debt/adjusted
EBITDA reached 1.4 times at the end of June 2025, representing an increase of 18.1% compared to December 2024. This is due to the increase
in net financial debt (19.1%), which was higher than the increase in Adjusted EBITDA (0.8%).

* Definitions used are contained in the Glossary on page 17 of this document.

| COCA-COLA ANDINA      |      |
| 2Q25 EARNINGS RELEASE |      |
|