AKO-B · Embotelladora Andina S.A.

Embotelladora Andina S.A. delivered strong Q1 2026 results with net income of ThCh$ 100,358,724, a 26% increase from Q1 2025's ThCh$ 79,681,031, driven by higher ordinary revenue of ThCh$ 924,262,961 versus ThCh$ 888,178,887 and gross profit expansion to ThCh$ 379,039,538 from ThCh$ 358,001,170. Key contributors included positive foreign exchange differences of ThCh$ 8,360,696 compared to a loss in the prior year, alongside share of profit from associates at ThCh$ 985,662. Despite higher administrative expenses at ThCh$ 147,823,043 and financial costs of ThCh$ 16,388,177, pre-tax income reached ThCh$ 139,131,052. Earnings per Series A and B shares improved to CLP 99.87 and CLP 109.85, respectively. Balance sheet strength is evident with total assets at ThCh$ 3,539,494,869, up from year-end 2025, supported by cash and equivalents rising to ThCh$ 325,667,010 and inventory to ThCh$ 334,274,747. Equity attributable to owners grew to ThCh$ 1,365,992,120, bolstered by comprehensive income of ThCh$ 182,707,501, primarily from exchange rate translation gains of ThCh$ 96,460,486 and cash flow hedge gains of ThCh$ 21,369,056. Operating cash flow remained solid at ThCh$ 89,376,829, though investing activities used ThCh$ 58,169,135 mainly for property, plant, and equipment purchases. Retained earnings increased to ThCh$ 1,295,988,592, with other changes including inflation effects on Argentine subsidiaries. These results signal operational resilience and currency-driven gains for investors.