UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

~~April~~March 2026

Date of Report (Date of Earliest Event Reported)

Embotelladora Andina S.A.

(Exact name of registrant as specified in its charter)

Andina Bottling Company, Inc.

(Translation of Registrant´s name into English)

Avda. Miraflores 9153

Renca

Santiago, Chile

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨ No x

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No x

Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

Yes ¨ No x

~~EXECUTIVE~~Consolidated ~~SUMMARY~~Interim Financial Statements EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES Santiago, Chile March 31, 2026 and December 31, 2025

~~The~~EMBOTELLADORA ~~quarter~~ANDINA ~~closed with a consolidated Sales Volume of 251~~S.~~6 million unit cases*, increasing 0~~A.2% ~~from~~AND ~~the same quarter of the previous year. Transactions* reached 1,360.4 million for the quarter, representing a 0.4% increase from the same quarter of the previous year.~~SUBSIDIARIES

~~The Company’s reported figures are as follows: ·~~ Consolidated Interim ~~Net~~Financial ~~Sales reached CLP 924,263 million for the quarter, an increase of 4.1% compared to the same quarter of the previous year.~~Statements

·March ~~Consolidated Operating Income* reached CLP 148~~31,~~971~~ ~~million~~2026 in(non-audited) ~~the~~and December ~~quarter~~31, ~~representing a 12.2% increase compared to the same quarter of the previous year.~~2025

·EMBOTELLADORA ~~Consolidated~~ANDINA ~~Adjusted EBITDA* increased by 12~~S.~~8% compared to the same quarter of the previous year, reaching CLP 194,015 million in the quarter~~A. ~~Adjusted~~AND ~~EBITDA Margin reached 21.0%, an expansion of 162 basis points compared to the same quarter of the previous year.~~SUBSIDIARIES

·Consolidated ~~Net~~Financial ~~Income attributable to owners of the controller for the quarter reached CLP 99,259 million, representing a 25.3% increase compared to the same quarter of the previous year.~~Statements

SUMMARY OF RESULTS FIRST QUARTER 2026
I.	Consolidated Interim Statements of Financial Position as of March 31, 2026 (non-audited) and December 31, 2025	1
(Figures in million CLP)		1Q25		1Q26		Var %
II.	Consolidated Interim Statements of Income by Function (non-audited)	3
Sales Volume (Million Unit Cases)			251.0		251.6		0.2	%
III.	Consolidated Interim Statements of Comprehensive (Loss) Income (non-audited)	4
Net Sales			888,179		924,263		4.1	%
IV.	Consolidated Interim Statements of Changes in Equity (non-audited)	5
Operating Income*			132,813		148,971		12.2	%
V.	Consolidated Interim Statements of Direct Cash Flows (non-audited)	6
Adjusted EBITDA*			172,049		194,015		12.8	%
VI.	Notes to the Consolidated Interim Financial Statements
Net Income attributable to the owners of the controller			79,219		99,259		25.3	%

Comments by the Chief Executive Officer, Miguel Ángel Peirano

1 – Corporate Information	7
2 – Basis of Presentation of The Consolidated Financial Statements and Application of Accounting Criteria	8
3 – Financial Reporting by Segment Reporting	28
4 – Cash and Cash Equivalents	31
5 – Other Current and Non-Current Financial Assets	31
6 – Other Current and Non-Current Non-Financial Assets	32
7 – Trade Accounts and Other Accounts Receivable	33
8 – Inventories	34
9 – Tax Assets and Liabilities	35
10 – Income Tax, Deferred Taxes, and Other Taxes	35
11 – Property, Plant, and Equipment	38
12 – Related Parties	41
13 – Current and Non-Current Employee Benefits	43
14 – Investments In Associates Accounted For Using The Equity Method	45
15 – Intangible Assets Other Than Goodwill	47
16 – Goodwill	49
17 – Other Current and Non-Current Financial Liabilities	49
18 – Trade and Other Accounts Payable	59
19 – Other Provisions Current and Non-Current	59
20 – Other Non-Financial Liabilities	60
21 – Equity	60
22 – Derivative Assets and Liabilities	64
23 – Litigation and Contingencies	67
24 – Financial Risk Management	71
25 – Revenue from Ordinary Activities	75
26 – Expenses by Nature	75
27 – Other Income	75
28 – Other Expenses by Function	76
29 – Financial Income and Expenses	76
30 – Exchange Differences	76
31 – Local and Foreign Currency	77
32 – Environment (Non-Audited)	81
33 – Subsequent Events	81
Appendix I	82
Additional Information Required by the Financial Market Commission (CMF) on Suppliers and Other Accounts Payable	82

“IConsolidated ~~would like to begin by highlighting~~Financial that Coca-Cola Andina celebrates its 80th anniversary this year. The Company was founded in Chile in 1946, and after a period of international expansion that began in 1994, we now have operations in Argentina, Brazil, Chile, and Paraguay. Over the course of these eight decades, we have built a track record of sustainable development and value creation across our operations, evolving in the markets where we operate and consolidating a leadership position in the Latin American beverage industry.Statements

~~In the first quarter of this year, we delivered~~EMBOTELLADORA ~~solid~~ANDINA ~~financial performance, highlighted by a 12~~S.~~8% growth in Consolidated Adjusted EBITDA, totaling CLP 194,015 million~~A. ~~This~~AND performance was driven primarily by growth in local-currency Adjusted EBITDA from our operations in Brazil, Chile, and Paraguay, which increased by 24.6%, 10.5%, and 2.7%, respectively. Meanwhile, the Adjusted EBITDA Margin for the quarter reached 21.0%, representing a 162-basis-point expansion. Net Income attributable to owners of the controller amounted to CLP 99,259 million, a 25.3% growth over the same period last year. Consolidated volumes grew 0.2% in the quarter, to 251.6 million unit cases. Volumes in Brazil grew 2.3%, in Chile 1.5%, and in Paraguay 0.4%. Volume from our operation in Argentina decreased 5.6%, still heavily affected by weak consumer spending in that economy; however, we expect sequential improvements in volumes in the remaining quarters of this year.SUBSIDIARIES

~~During~~March ~~the first quarter~~31, we2026 continued to accelerate our digital transformation, consolidating our ‘Mi’ ecosystem as a platform that enables a ‘phygital’ Route to Market model. The digital ecosystem accounted for 84.2% of net revenue in the first quarter of the year, an increase of +19 percentage points over the same period last year. At the same time, we continued to advance our approach to selling and ~~engaging~~December ~~with the market through the rollout of ‘Mi Market~~31,’ utilizing guided shopping missions and suggested orders, powered by analytics and artificial intelligence. In last-mile distribution, we continued to expand the use of ‘Mi Ruta,’ thereby optimizing customer delivery. Finally, we launched our ‘Aliados’ loyalty program in Paraguay, which will be rolled out to our other operations in the coming months.2025

~~In a dynamic and challenging environment~~EMBOTELLADORA ~~marked~~ANDINA by geopolitical tensions, inflationary pressures, and exchange-rate volatility, we maintain a long-term perspective focused on the resilience of our operating model and our closeness to the markets where we operateS. ~~In this context, the observed increase in oil prices will impact our cost structure, particularly costs associated with PET resin and logistics~~A. ~~However,~~AND the significant mix of returnable containers in our operations, combined with a constant focus on operational efficiency and revenue management, allows us to adequately address this scenario, thereby maintaining a balance between our financial results and the closeness to our consumers.”SUBSIDIARIES

*TheConsolidated ~~definitions~~Statements ~~used can be found in the Glossary on page 12~~ of ~~this~~ ~~document.~~Financial Position

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
www.koandina.com
	-2-

as of March 31, 2026 and December 31, 2025

BASIS OF PRESENTATION

ASSETS	NOTE	03.31.2026		12.31.2025
		ThCh$		ThCh$
Current Assets

Cash and cash equivalents	4		325,667,010		296,539,709
Other financial assets	5		47,485,690		45,974,709
Other non-financial assets	6		27,117,075		15,985,896
Trade and other accounts receivable	7		292,098,424		339,778,498
Accounts receivable from related parties	12.1		10,773,072		15,299,187
Inventory	8		334,274,747		304,550,609
Tax assets	9		18,963,645		14,924,173
Total Current Assets			1,056,379,663		1,033,052,781

Non-Current Assets
Other financial assets	5		160,361,644		164,370,936
Other non-financial assets	6		87,127,402		82,913,107
Trade and other accounts receivable	7		211,253		187,644
Accounts receivable from related parties	12.1		6,066,214		8,000,924
Investments accounted for using the equity method	14		91,789,098		87,087,871
Intangible assets other than goodwill	15		742,298,736		719,489,720
Goodwill	16		151,439,386		137,128,318
Property, plant, and equipment	11		1,235,116,078		1,179,385,259
Deferred tax assets	10.2		8,705,395		8,788,858
Total Non-Current Assets			2,483,115,206		2,387,352,637

Total Assets			3,539,494,869		3,420,405,418

~~The~~Notes ~~figures~~1 into ~~the~~33 ~~following~~form ~~analysis~~an ~~are~~integral ~~expressed in~~part ~~accordance with IFRS, in nominal Chilean pesos, both for consolidated results and for the results~~ of ~~each~~these ~~of our operations. All variations~~Consolidated ~~with~~Financial ~~respect to 2025 are nominal~~Statements.

Since Argentina has been classified as a hyperinflationary economy, in accordance with IAS 29, translation of figures from local currency to the reporting currency was performed using the closing exchange rate for the translation to Chilean pesos. Local currency figures for both 2026 and 2025 referred to in the Argentina sections are all in March 2026 currency.1

~~Finally,~~EMBOTELLADORA ~~a devaluation of local currencies against~~ANDINA ~~the U.~~S.A. ~~dollar~~AND ~~has a negative impact on our dollarized costs, and a devaluation of local currencies against the Chilean peso has a negative impact on the consolidation of figures.~~SUBSIDIARIES

~~When~~Consolidated weStatements ~~refer to “Argentina”, it includes our subsidiaries Embotelladora del Atlántico S.A. and Empaques Argentina S.A. When we refer to “Chile”, it includes the operation in Chile~~ of ~~Embotelladora~~Financial ~~Andina S.A., as well as its subsidiaries VJ S.A., Vital Aguas S.A., Envases Central S.A. and Re-Ciclar S.A.~~Position

~~CONSOLIDATED~~as ~~RESULTS:~~of ~~1st~~March 31, ~~Quarter~~ 2026 ~~vs.~~and ~~1st Quarter~~ December 31, 2025

(Figures in million CLP)	1Q25				1Q26				Var %
LIABILITIES AND EQUITY	NOTE		03.31.2026				12.31.2025
Net Sales		888,179				924,263				4.1	%
			ThCh$				ThCh$
Operating Income		132,813				148,971				12.2	%
LIABILITIES
Adjusted EBITDA		172,049				194,015				12.8	%
Current Liabilities
Net Income attributable to the owners of the controller		79,219				99,259				25.3	%
Other financial liabilities	17			55,528,407				62,418,990
Trade and other accounts payable	18			388,849,539				480,396,027
Accounts payable to related entities	12.2			112,890,522				102,102,553
Other provisions	19			2,809,802				2,433,147
Tax liabilities	9			31,987,208				14,207,862
Current provisions for employee benefits	13			40,977,203				68,363,971
Other non-financial liabilities	20			500,947				489,967
Total Current Liabilities				633,543,628				730,412,517
Non-Current Liabilities
Other financial liabilities	17			1,176,326,448				1,191,795,823
Trade and other accounts payable	18			243,661				685,605
Other provisions	19			60,589,488				55,378,062
Deferred tax liabilities	10.2			235,443,754				218,673,311
Non-current provisions for employee benefits	13			22,556,140				23,123,294
Other non-financial liabilities	20			4,253,802				3,782,958
Total Non-Current Liabilities				1,499,413,293				1,493,439,053
EQUITY
Issued capital	21			270,737,574				270,737,574
Retained earnings	21			1,295,988,592				1,169,458,993
Other reserves	21			(200,734,046	)			(282,797,770	)
Equity attributable to owners of the parent				1,365,992,120				1,157,398,797
Non-controlling interests				40,545,828				39,155,051
Total Equity				1,406,537,948				1,196,553,848
Total Liabilities and Equity				3,539,494,869				3,420,405,418

~~During~~Notes ~~the~~1 ~~quarter, consolidated Sales Volume was 251.6 million unit cases, representing a 0.2% increase compared~~ to ~~the~~33 ~~same~~form ~~period~~an inintegral ~~2025,~~part ~~explained by volume growth in Brazil, Chile, and Paraguay, partially offset by a decline in volume in Argentina. The Non-Alcoholic Beverages Segment accounted for 95.2%~~ of ~~consolidated~~ ~~Sales~~these ~~Volume and grew by 0.1%, explained by growth in the Segment in Chile and Brazil, partially offset by declines in Argentina~~Consolidated ~~and~~Financial ~~Paraguay~~Statements. The Alcoholic Beverages Segment accounted for 4.8% of total volume and grew by 2.0%, explained by volume increases in Paraguay, Argentina, and Brazil, partially offset by a volume decline in Chile. Transactions reached 1,360.4 million in the quarter, representing a 0.4% increase compared to the same quarter of the previous year.

Consolidated Net Sales reached CLP 924,263 million, an increase of 4.1%, explained by revenue growth in Brazil, Paraguay, and Chile, as well as the impact of translating figures from the local currencies of Brazil and Paraguay to the reporting currency. This was partially offset by the negative impact of lower sales in Argentina. During the first quarter, 84.2% of the Company’s total net revenue was generated through our digital platforms, representing an increase of 19 percentage points compared to the same period last year, with customer satisfaction levels (Net Promoter Score (NPS)) of approximately 58.2%.

~~Consolidated~~EMBOTELLADORA ~~Cost of Sales increased by 2.8%,~~ANDINA which is mainly explained by (i) higher concentrate costs in Brazil and Paraguay, (ii) the effect of the shift in the mix toward higher-unit-cost products in Argentina, Chile, and Paraguay, (iii) higher labor costs in Brazil and Chile, (iv) the effect of translating figures from our subsidiaries in Brazil and Paraguay to the reporting currency, and (v) the effect of the devaluation of Argentina’s local currency on our dollar-denominated costs. This was partially offset by (i) lower sugar costs in Brazil, Chile, and Paraguay, (ii) lower concentrate costs in Argentina and Chile, (iii) lower PET resin costs in Argentina and Paraguay, and (iv) the positive effect of the appreciation of the Brazilian real, the Chilean peso, and the Paraguayan guaraní against the U.S.A. ~~dollar~~AND ~~on our dollar-denominated costs.~~SUBSIDIARIES

Consolidated ~~Distribution~~Statements Costs and Administrative Expenses increased by 2.2%, primarily due to (i) higher distribution costs in Brazil, Chile, and Paraguay, (ii) higher marketing expenses in Brazil, Chile, and Paraguay, (iii) higher labor costs in Brazil and Paraguay, (iv) lower other operating income in Argentina and Paraguay, and (v) the effect of ~~translating~~Income ~~figures from our subsidiaries in Brazil and Paraguay to the reporting currency. This was partially offset~~ by ~~lower labor costs, third-party services, and distribution costs in Argentina.~~Function

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
www.koandina.com
	-3-

For the periods ended March 31, 2026 and 2025

The aforementioned effects led to a consolidated Operating Income of CLP 148,971 million, an increase of 12.2%. Operating Margin was 16.1%.

		01.01.2026			01.01.2025
	NOTE	03.31.2026			03.31.2025
		ThCh$			ThCh$
Ordinary revenue	25		924,262,961			888,178,887
Cost of sales	8 - 26		(545,223,423	)		(530,177,717	)
Gross Profit			379,039,538			358,001,170
Other income	27		314,913			290,056
Distribution expenses	26		(82,245,052	)		(82,282,341	)
Administrative expenses	26		(147,823,043	)		(142,905,500	)
Other expenses, by function	28		(7,535,762	)		(2,948,711	)
Other (losses) gains			-			39
Financial income	29		5,829,839			3,723,282
Financial costs	29		(16,388,177	)		(17,448,908	)
Share of profit (loss) of investments in associates and joint ventures accounted for using the equity method	14.3		985,662			1,379,877
Foreign exchange differences	30		8,360,696			(898,293	)
Income by indexation units			(1,407,562	)		(1,229,811	)
Net income before income taxes			139,131,052			115,680,860
Income tax expense	10.1		(38,772,328	)		(35,999,829	)
Net income			100,358,724			79,681,031

Net Income attributable to
Owners of the controller			99,258,718			79,219,050
Non-controlling interests			1,100,006			461,981
Net Income			100,358,724			79,681,031

Basic and diluted earnings per share in ongoing operations			CLP			CLP
Earnings per Series A share	21.5		99.87			79.71
Earnings per Series B share	21.5		109.85			87.68

~~Consolidated~~Notes ~~Adjusted~~1 ~~EBITDA~~to ~~reached~~33 ~~CLP~~form ~~194,015 million,~~ an ~~increase~~integral ofpart ~~12.8%. Adjusted EBITDA Margin was 21.0%, an expansion~~ of ~~162~~these ~~basis~~Consolidated Financial ~~points~~Statements.

~~Net Income attributable to the owners of the controller for the quarter was CLP 99,259 million, an increase of 25.~~3~~%, and Net Margin reached 10.7%, an expansion of 182 basis points.~~

~~ARGENTINA:~~EMBOTELLADORA ~~1st Quarter 2026 vs~~ANDINA S.A. ~~1st~~AND ~~Quarter 2025~~SUBSIDIARIES

	1Q25		1Q26		Var %			1Q25		1Q26		Var %
	(Figures in million CLP)							(Figures in million ARS of March 2026)
Net Sales		236,095		224,246		-5.0	%		352,460		334,147		-5.2	%
Operating Income		35,594		34,923		-1.9	%		53,137		52,039		-2.1	%
Adjusted EBITDA		47,899		47,129		-1.6	%		71,508		70,227		-1.8	%

Consolidated Statements of Comprehensive Income

~~Sales~~For ~~Volume for~~ the ~~quarter~~periods ~~decreased~~ended ~~by 5.6%~~March 31, ~~reaching~~ ~~47.8~~2026 ~~million unit cases, explained by declines in the Soft Drinks~~ and ~~Water categories, partially offset by increases in the~~ ~~Juices and Other Non-Alcoholic Beverages and Beers and Other Alcoholic Beverages categories. Transactions reached 229.8 million, representing a decrease of 3.8%.~~2025

Net Sales totaled CLP 224,246 million, down 5.0%. In local currency, they decreased by 5.2%, explained by the aforementioned decline in volume, partially offset by an increase in average revenue per unit case sold.

	01.01.2026			01.01.2025
	03.31.2026			03.31.2025
	ThCh$			ThCh$
Other comprehensive income:
Net income		100,358,724			79,681,031

Components of other comprehensive income that will not be reclassified to net income for the period, before tax
Actuarial gains (losses) on defined benefit plans		(152,556	)		(433,986	)

Components of other comprehensive income to be reclassified to net income for the period, before tax
Gain (losses) from exchange rate translation differences		96,460,486			(43,777,987	)

Gain (loss) on cash flow hedges		21,369,056			(10,874,727

Income taxes relating to components of other comprehensive income that will not be reclassified to net income for the period
Income tax related to defined benefit plans		41,190			117,176

Income taxes relating to components of other comprehensive income to be reclassified to net income for the period
Income taxes related to exchange rate translation differences		(29,770,622	)		10,068,770

Income tax related to cash flow hedges		(5,598,777	)		3,371,274
Other comprehensive income, total		82,348,777			(41,529,480	)
Comprehensive income, Total		182,707,501			38,151,551
Comprehensive income attributable to:
Owners of the controller		181,322,442			37,693,070
Non-controlling interests		1,385,059			458,481
Comprehensive income, total		182,707,501			38,151,551

~~Cost~~Notes of1 ~~Sales decreased by 5.8%, while in local currency it decreased by 6.0%, primarily due~~ to ~~(i) lower~~33 ~~Sales~~form ~~Volume,~~an ~~(ii) lower~~integral ~~concentrate~~part ~~costs,~~of ~~and~~these ~~(iii) lower~~Consolidated ~~PET~~Financial ~~resin costs~~Statements. This was partially offset by (i) higher sugar costs, (ii) a shift in the mix toward higher-unit-cost products, and (iii) the devaluation of the Argentine peso, which impacts our dollar-denominated costs.

Distribution Costs and Administrative Expenses decreased by 5.1% in the reporting currency, while in local currency they decreased by 5.3%, which is mainly explained by lower expenses for labor and third-party services, and by lower freight costs. This was partially offset by lower other operating income classified under this item.4

~~The~~EMBOTELLADORA ~~aforementioned~~ANDINA ~~effects led to an Operating Income of CLP 34,923 million, a decrease of 1~~S.~~9% compared to the same period last year~~A. ~~Operating~~AND ~~Margin was 15.6%. In local currency, Operating Income decreased by 2.1%.~~SUBSIDIARIES

~~Adjusted~~Consolidated ~~EBITDA~~Statements ~~totaled CLP 47,129 million, a decrease~~ of ~~1.6%.~~Changes ~~Adjusted EBITDA Margin was 21.0%, an increase of 73 basis points. Meanwhile, Adjusted EBITDA~~ in ~~local currency decreased by 1.8%.~~Equity

~~BRAZIL:~~For ~~1st~~the ~~Quarter~~periods ~~2026~~ended ~~vs.~~March 31, ~~1st~~2026 ~~Quarter~~ and 2025

	1Q25		1Q26			Var %			1Q25			1Q26		Var %
			Other reserves
	(Figures in million CLP)								(Figures in million BRL)
	Issued capital		Reserves for exchange differences on translation			Cash flow hedge reserve			Actuarial gains or losses on employee benefits			Other reserves		Total other reserves			Retained earnings		Equity attributable to owners of the controller		Non- controlling interests		Total equity
Net Sales		235,260		257,698			9.5	%		1,429			1,530		7.1	%
	ThCh$		ThCh$			ThCh$			ThCh$			ThCh$		ThCh$			ThCh$		ThCh$		ThCh$		ThCh$
Operating Income		39,437		49,809			26.3	%		240			296		23.4	%
Opening Balance as of 01.01.2026		270,737,574		(681,916,160	)		(25,807,096	)		(8,226,140	)		433,151,626		(282,797,770	)		1,169,458,993		1,157,398,797		39,155,051		1,196,553,848
Adjusted EBITDA		48,612		61,993			27.5	%		295			368		24.6	%
Changes in equity
Comprehensive Income
Earnings		-		-			-			-			-		-			99,258,718		99,258,718		1,100,006		100,358,724
Other comprehensive income		-		66,406,336			15,766,356			(108,968	)		-		82,063,724			-		82,063,724		285,053		82,348,777
Comprehensive income		-		66,406,336			15,766,356			(108,968	)		-		82,063,724			99,258,718		181,322,442		1,385,059		182,707,501
Dividends		-											-
Increase (decrease) due to other changes *		-											-					27,270,881		27,270,881		5,718		27,276,599
Total changes in equity		-		66,406,336			15,766,356			(108,968	)		-					126,529,599		208,593,323		1,390,777		209,984,100
Ending Balance as of 03.31.2026		270,737,574		(615,509,824	)		(10,040,740	)		(8,335,108	)		433,151,626		(200,734,046	)		1,295,988,592		1,365,992,120		40,545,828		1,406,537,948

COCA-COLA ANDINA
				Other reserves
EARNINGS RELEASE 1Q26
		Issued capital		Reserves for exchange differences on translation			Cash flow hedge reserve			Actuarial gains or losses on employee benefits			Other reserves		Total other reserves			Retained earnings		Equity attributable to owners of the controller			Non- controlling interests			Total equity
www.koandina.com
		ThCh$		ThCh$			ThCh$			ThCh$			ThCh$		ThCh$			ThCh$		ThCh$			ThCh$			ThCh$
	-4-
Opening Balance as of 01.01.2025			270,737,574		(599,259,259	)		(11,879,833	)		(8,087,069	)		433,151,626		(186,074,535	)		891,746,153		976,409,192			37,987,828			1,014,397,020
Changes in equity
Comprehensive Income
Earnings			-		-			-			-			-		-			79,219,050		79,219,050			461,981			79,681,031
Other comprehensive income			-		(33,706,432	)		(7,503,427	)		(316,121	)		-		(41,525,980	)		-		(41,525,980	)		(3,500	)		(41,529,480	)
Comprehensive income			-		(33,706,432	)		(7,503,427	)		(316,121	)		-		(41,525,980	)		79,219,050		37,693,070			458,481			38,151,551
Dividends			-		-			-			-			-		-			-		-			-			-
Increase (decrease) due to other changes *			-		-			-			-			-		-			20,841,513		20,841,513			(428,885	)		20,412,628
Total changes in equity			-		(33,706,432	)		(7,503,427	)		(316,121	)		-		(41,525,980	)		100,060,563		58,534,583			29,596			58,564,179
Ending Balance as of 03.31.2025			270,737,574		(632,965,691	)		(19,383,260	)		(8,403,190	)		433,151,626		(227,600,515	)		991,806,716		1,034,943,775			38,017,424			1,072,961,199

~~Sales~~* ~~Volume~~Mainly ~~for~~corresponds ~~the~~to ~~quarter reached 93.4 million unit cases, an increase of 2.3%, explained by growth in~~ the ~~Soft~~effects Drinks, Water, Beer, and Other Alcoholic Beverages categories, partially offset by a decline in the Juices and Other Non-Alcoholic Beverages category. The Non-Alcoholic Beverages Segment accounted for 99.1% of ~~total~~inflation ~~Sales~~on ~~Volume and grew by 2.0%, explained by growth in~~ the ~~Soft Drinks and Water categories, partially offset by a decline in~~equity ~~the Juices and Other Non-Alcoholic Beverages category. The Alcoholic Beverages segment accounted for 0.9%~~ of ~~total~~our ~~volume~~subsidiaries ~~and grew by 33.0%, explained by growth~~ in ~~the~~Argentina ~~Beer~~(see ~~category,~~Note ~~partially offset by a decline in the Other Alcoholic Beverages category~~2. ~~Transactions reached 503~~5.~~8 million, representing an increase of 3~~1).~~8%.~~

~~Net Sales~~Notes ~~totaled~~1 ~~CLP~~to ~~257,698~~33 ~~million,~~form an ~~increase~~integral ofpart 9.5%. In local currency, Net Sales rose 7.1%, driven primarily by higher average revenue per unit case sold and the aforementioned increase in volume. Net Sales in the Non-Alcoholic Beverages segment increased 7.3% in local currency, representing 97.8% of ~~total~~these ~~sales. Net Sales in the Alcoholic Beverages segment decreased 0.6% in local currency,~~Consolidated ~~representing~~Financial 2Statements.~~2% of total sales.~~

Cost of Sales increased by 6.2%, while in local currency it increased by 3.9%, mainly due to (i) higher Sales Volume, (ii) higher labor costs, and (iii) higher concentrate costs. This was partially offset by lower raw material costs, particularly for sugar, PET resin, and aluminum, as well as by the positive impact on our dollar-denominated costs from the appreciation of the Brazilian real against the U.S. dollar.5

~~Distribution~~EMBOTELLADORA ~~Costs~~ANDINA ~~and Administrative Expenses increased by 6~~S.~~0% in the reporting currency~~A. InAND ~~local currency, they rose by 3.6%, which is mainly explained by (i) higher labor costs, (ii) higher freight costs, and (iii) higher marketing expenses.~~SUBSIDIARIES

~~The~~Consolidated ~~aforementioned~~Direct ~~effects~~Cash ~~led~~Flow ~~to an Operating Income of CLP 49,809 million, an increase of 26.3%. Operating Margin was 19.3%. In local currency, Operating Income increased by 23.4%.~~Statements

~~Adjusted~~For ~~EBITDA~~the ~~reached~~periods ~~CLP~~ended 61March 31,~~993~~ ~~million,~~2026 anand ~~increase of 27.5% compared to the previous year. Adjusted EBITDA Margin was 24.1%~~December 31, ~~an expansion of 339 basis points. In local currency, Adjusted EBITDA increased by 24.6%.~~2025

CHILE: 1st Quarter 2026 vs. 1st Quarter 2025

		01.01.2026			01.01.2025
Cash flows from (used in) operating activities	NOTE	03.31.2026			March 31, 2025
		ThCh$			ThCh$
Cash flows provided by Operating Activities
Receipts from the sale of goods and the rendering of services (including taxes)			1,291,776,326			1,231,838,426
Payments for Operating Activities
Payments to suppliers for goods and services (including taxes)			(899,794,637	)		(901,556,497	)
Payments to and on behalf of employees			(110,869,022	)		(107,764,382	)
Other payments for operating activities (value-added taxes on purchases, sales and others)			(145,379,737	)		(81,485,488	)
Dividends received			-			-
Interest payments			(17,491,090	)		(20,034,689	)
Interest received			2,426,661			2,326,169
Income tax payments			(28,219,120	)		(17,943,303
Other cash outflows (tax on bank debits Argentina and others)			(3,072,552	)		(3,670,869	)
Cash flows provided by (used in) Operating Activities			89,376,829			101,709,367

Cash flows provided by (used in) Investing Activities
Proceeds from sale of Property, plant and equipment			9,150			91,837
Purchase of Property, plant and equipment			(53,962,895	)		(64,377,168	)
Payment on forward, term option and financial exchange agreements			-			-
Collection on forward, term, option and financial exchange agreements			-			72,785,812
Other (payments) redemptions for (purchases) of financial instruments			(4,215,390	)		466,596
Net cash flows used in investing activities			(58,169,135	)		8,967,077

Cash flows from (used in) financing activities
Proceeds from changes in ownership interests in subsidiaries			-			-
Proceeds (payments) from short term loans			-			24,994,654
Loan payments			-			(26,956,559	)
Lease liability payments			(4,125,475	)		(2,154,943	)
Dividend payments by the reporting entity			-			(140,139,722	)
Amounts from the issuance of bonds			-			-
Payment of principal installments on bonds			(2,708,360	)		(2,623,786	)
Collections (payments) on derivative instruments related to bonds			(2,453,127	)		(1,990,833	)
Net cash flows (used in) generated by Financing Activities			(9,286,962	)		(148,871,190	)
Net increase in cash and cash equivalents before exchange differences			21,920,732			(38,194,746	)
Effects of exchange differences on cash and cash equivalents			8,345,097			(1,174,826	)
Effects of inflation in cash and cash equivalents in Argentina			(1,138,528	)		(1,051,293	)
Net increase (decrease) in cash and cash equivalents			29,127,301			(40,420,865	)
Cash and cash equivalents – beginning of period	4		296,539,709			248,899,004
Cash and cash equivalents - end of period	4		325,667,010			208,478,139

	1Q25		1Q26		Var %
	(Figures in million CLP)
Net Sales		341,740		352,027		3.0	%
Operating Income		40,298		44,041		9.3	%
Adjusted EBITDA		54,537		60,244		10.5	%

Notes 1 to 33 form an integral part of these Consolidated Financial Statements.

During the quarter, Sales Volume reached 87.4 million unit cases, representing a 1.5% increase, explained by growth in the Soft Drinks and Water categories, partially offset by declines in the Juices and Other Non-Alcoholic Beverages and Beers and Other Alcoholic Beverages categories. The Non-Alcoholic Beverages Segment accounted for 88.2% of total Sales Volume and grew by 2.2%, explained by growth in the Soft Drinks and Water categories, partially offset by a decline in the Juices and Other Non-Alcoholic Beverages category. The volume of the Alcoholic Beverages Segment accounted for 11.8% of total Sales Volume and decreased by 3.5%, explained by declines in the Beer and Other Alcoholic Beverages categories. Transactions totaled 479.2 million, representing a decrease of 2.3%.6

~~Net Sales reached CLP 352,027 million, a 3.0%~~EMBOTELLADORA ~~increase,~~ANDINA ~~driven primarily by higher average revenue per unit case—resulting from price increases—and the aforementioned volume growth~~S. ~~Net sales in the Non-Alcoholic Beverages segment rose 3~~A.~~9%,~~ ~~accounting~~AND ~~for 78.4% of total sales. Net Sales for the Alcoholic Beverages segment increased by 0.1%, representing 21.6% of total sales.~~SUBSIDIARIES

~~Cost~~Notes ~~of Sales increased by 1.4%, primarily due~~ to ~~a shift in~~ the ~~mix~~Consolidated ~~toward~~Financial higher-unit-cost products and higher labor costs. This was partially offset by (i) the positive effect of the Chilean peso’s appreciation on our dollar-denominated costs, (ii) lower sugar costs, and (iii) lower concentrate costs.Statements

~~Distribution~~1 ~~Costs~~– ~~and~~CORPORATE ~~Administrative Expenses increased by 4.3%, primarily due to (i) higher marketing expenses, (ii) higher depreciation charges, and (iii) higher distribution expenses.~~INFORMATION

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
www.koandina.com
	-5-

Embotelladora Andina S.A. RUT (Chilean Taxpayer Id. N°) 91.144.000-8 (hereinafter “Andina,” and together with its subsidiaries, the “Company”) is an open stock corporation, whose corporate address and principal offices are located at Miraflores 9153, borough of Renca, Santiago, Chile. The Company is registered in the Securities Registry of the Chilean Financial Market Commission (hereinafter “CMF”), and pursuant to Chile’s Law 18,046 is subject to the supervision of this entity. It is also registered with the U.S. Securities and Exchange Commission (hereinafter “SEC”), and its stock is traded on the New York Stock Exchange since 1994.

The ~~aforementioned~~principal ~~effects~~activity ~~led~~of Embotelladora Andina S.A. is to anproduce, ~~Operating~~bottle, commercialize and distribute the products under registered trademarks of The Coca-Cola Company (TCCC), as ~~Income~~well as commercialize and distribute some brands of ~~CLP~~other 44companies such as Monster,~~041~~ ~~million~~AB InBev, 9Diageo and Capel, among others.3% ~~higher~~The ~~compared~~Company maintains operations and is licensed to ~~the~~produce, ~~previous~~commercialize ~~year.~~and ~~Operating~~distribute ~~Margin~~such ~~was~~products ~~12.5%.~~in certain territories in Chile, Brazil, Argentina and throughout the entire territory of Paraguay

~~Adjusted~~In ~~EBITDA~~Chile, ~~reached~~the ~~CLP~~territories 60in which it has TCCC’s franchise are the Metropolitan Region; the province of San Antonio,~~244~~ ~~million~~the V Region; the province of Cachapoal including the commune of San Vicente de Tagua-Tagua, anthe VI Region; the II Region of Antofagasta; the III Region of Atacama, the IV Region of Coquimbo XI Region de ~~increase~~Aysén del General Carlos Ibáñez del Campo; XII Region of 10Magallanes and Chilean Antarctic.5% In Brazil, the aforementioned franchise covers much of the state of Rio de Janeiro, the entire state of Espirito Santo, and part of the states of São Paulo and Minas Gerais. ~~Adjusted~~In ~~EBITDA~~Argentina ~~Margin~~it ~~was~~includes 17the provinces of Córdoba, Mendoza, San Juan, San Luis, Entre Ríos, as well as part of the provinces of Santa Fe and Buenos Aires, Chubut, Santa Cruz, Neuquén, Río Negro, La Pampa, Tierra del Fuego, Antarctica and South Atlantic Islands. Finally, in Paraguay the territory comprises the whole country. The bottling agreement for the territories in Argentina expires in September 2027; for the territories in Brazil, it expires in October 2027; for the territories in Chile, it expires on February 1%, an2027; ~~increase~~and for the territory in Paraguay, it expires on March 1, 2028. Said agreements are renewable upon the request of ~~115~~Embotelladora ~~basis~~Andina ~~points~~S.A. and at the sole discretion of The Coca-Cola Company.

~~PARAGUAY:~~As ~~1st~~of ~~Quarter~~the ~~2026~~date vsof these consolidated financial statements, regarding Andina’s principal shareholders, the Controlling Group holds 53.58% ~~1st~~of ~~Quarter~~the ~~2025~~outstanding shares with voting rights, corresponding to the Series A shares. The Controlling Group is composed of the Chadwick Claro, Garcés Silva, Said Handal and Said Somavía families, who control the Company in equal parts.

	1Q25		1Q26		Var %			1Q25		1Q26		Var %
	(Figures in million CLP)							(Figures in million PGY)
Net Sales		77,385		91,977		18.9	%		636,814		681,738		7.1	%
Operating Income		20,140		22,690		12.7	%		165,873		167,891		1.2	%
Adjusted EBITDA		23,738		27,140		14.3	%		195,530		200,863		2.7	%

These Consolidated Financial Statements reflect the consolidated financial position of Embotelladora Andina S.A. and its Subsidiaries, which were approved by the Board of Directors on April 28, 2026.

During the quarter, Sales Volume reached 23.0 million unit cases, an increase of 0.4%, explained by growth in the Water, Beer, and Other Alcoholic Beverages categories, partially offset by a decline in the Soft Drinks, Juices, and Other Non-Alcoholic Beverages categories. Transactions reached 147.5 million, representing an increase of 5.5%.7

~~Net~~2 ~~Sales~~– ~~totaled~~BASIS ~~CLP~~OF ~~91,977~~PRESENTATION ~~million,~~OF ~~showing an~~THE ~~increase of 18.9%. In local currency, Net Sales increased by 7.1%, explained by higher average revenue per unit case sold and, to~~CONSOLIDATED aFINANCIAL ~~lesser~~STATEMENTS ~~extent,~~AND byAPPLICATION ~~the~~OF ~~aforementioned~~ACCOUNTING ~~volume growth.~~CRITERIA

~~Cost of Sales in the reporting currency increased by 22~~2.~~0%.~~1 InAccounting ~~local~~principles ~~currency, it increased by 10.0%, primarily due to higher concentrate costs~~ and ~~the~~basis shift in the mix toward higher-unit-cost products. This was partially offset by (i) lower costs for sweeteners, (ii) lower costs for PET resin, and (iii) the positive effect on our dollar-denominated costs from the appreciation of ~~the guaraní against the dollar.~~preparation

~~Distribution~~The ~~costs~~Company’s ~~and~~Consolidated ~~administrative~~Interim ~~expenses~~Financial Statements ~~increased~~for ~~by 18.2%~~March 31, 2026 and inDecember 31, ~~local currency~~2025, ~~they~~have ~~rose~~been byprepared ~~6.6%.~~in ~~This~~accordance iswith ~~primarily~~International ~~due~~Financial toReporting ~~(i) higher~~Standards issued ~~distribution~~by ~~costs,~~the ~~(ii) higher labor~~International ~~costs,~~Accounting ~~and~~Standards Board (~~iii~~hereinafter “IFRS”) ~~higher~~ ~~marketing~~and ~~expenses.~~Interpretations ~~This~~issued ~~was~~by ~~partially~~the ~~offset~~IFRS byInterpretations Committee ~~higher~~(IFRIC) ~~other~~applicable ~~operating~~to ~~income~~Companies ~~classified~~reporting under ~~this item~~IFRS.

~~The~~These ~~aforementioned~~Consolidated ~~effects~~Interim ~~led~~Financial ~~to an Operating~~Statements ~~Income~~have ofbeen ~~CLP~~prepared ~~22,690~~following ~~million,~~the angoing ~~increase~~concern ofprinciple ~~12.7%~~by ~~compared~~applying to the ~~previous~~historical ~~year.~~cost ~~Operating~~method, ~~margin~~with ~~reached~~the ~~24.7%.~~exception, Inaccording ~~local~~to ~~currency~~IFRS, ~~Operating~~of ~~Income~~those ~~increased~~assets byand 1liabilities that are recorded at fair value.~~2%.~~

~~Adjusted~~These ~~EBITDA~~Consolidated ~~reached~~Interim ~~CLP~~Statements ~~27,140~~reflect the ~~million,~~consolidated ~~an increase~~financial position of 14Embotelladora Andina S.~~3%,~~A. and ~~Adjusted~~its ~~EBITDA~~Subsidiaries ~~Margin~~as ~~was~~of ~~29.5%~~March 31, a2026 ~~decrease~~and December 31, 2025 and the results of ~~117~~operations ~~basis~~for ~~points.~~the Inperiods ~~local~~from ~~currency~~January 1 to March 31, ~~Adjusted~~2026 ~~EBITDA~~and ~~increased~~2025, with the statements of changes byin 2equity and cash flows the same periods .~~7%.~~

~~NON-OPERATING~~These ~~INCOME~~Consolidated ~~FOR~~Interim ~~THE~~Financial ~~QUARTER~~Statements have been prepared based on the accounting records maintained by the Parent Company and by the other entities that are part of the Company and are presented in thousands of Chilean pesos (unless expressly stated) as this is the functional and presentation currency of the Company. Foreign operations are included in accordance with the accounting policies established in Notes 2.5.

~~Net~~2.2 ~~Financial~~Subsidiaries ~~Income~~ and Expenses account showed an expense of CLP 10,558 million, compared with CLP 13,726 million in expenses for the same quarter of the previous year; this difference is primarily due to higher financial income resulting from increased cash on hand.consolidation

~~Share~~Subsidiary ofentities ~~Profit~~are orthose ~~Loss~~companies ~~from~~directly or ~~Investments~~indirectly ~~Accounted for~~controlled by Embotelladora Andina. Control is obtained when the ~~Equity~~Company ~~Method~~has ~~went~~power over the investee, when it has exposure or is entitled to variable returns from aits ~~profit~~involvement ofin ~~CLP~~the ~~1,380~~investee ~~million~~and when it has the ability to ause ~~profit~~its power to influence the amount of ~~CLP~~investor ~~986~~returns. ~~million~~They include assets and liabilities, ~~primarily~~results ~~due~~of tooperations, ~~lower~~and ~~earnings~~cash ~~from~~flows for the periods reported. Income or losses from subsidiaries acquired or sold are included in ~~Chile,~~the ~~which~~consolidated ~~were~~statements ~~partially~~of ~~offset~~income by ~~higher~~function ~~earnings~~ from ~~subsidiaries~~the ineffective ~~Brazil~~date of acquisition through the effective date of disposal, as applicable.

~~Other~~The ~~Income~~acquisition ~~and~~method ~~Expenses~~is ~~account~~used ~~showed~~to aaccount ~~loss~~for the acquisition of ~~CLP~~subsidiaries. ~~7,221~~The ~~million,~~consideration ~~compared~~transferred ~~with~~for athe ~~loss~~acquisition of ~~CLP~~the ~~2,659~~subsidiary ~~million~~is in the ~~same~~fair ~~quarter~~value of ~~the~~assets ~~previous~~transferred, equity ~~year;~~securities ~~this~~issued, ~~difference~~liabilities isincurred ~~mainly~~or ~~due to~~assumed on the ~~fact~~date that incontrol ~~the~~is ~~previous~~obtained. ~~year~~Identifiable assets acquired, ~~other~~and ~~income~~identifiable liabilities ofand ~~CLP~~contingencies ~~3,680~~assumed ~~million~~in ~~was~~a ~~recorded~~business combination are accounted for initially at their fair values at the acquisition date. Goodwill is initially measured as athe ~~result~~excess of the ~~recognition~~aggregate of athe ~~gain~~consideration ~~from~~transferred and the fair value of non-controlling interest ~~reversal~~over the net identifiable assets acquired and liabilities assumed. If the consideration is less than the fair value of athe ~~tax~~net ~~provision~~assets of the subsidiary acquired, the difference is recognized directly in ~~Brazil~~the income statement.

~~Results~~Intercompany bytransactions, ~~Adjustment~~balances ~~Units~~ and ~~Exchange Rate~~unrealized ~~Differences~~gains ~~went~~on ~~from~~transactions abetween ~~loss~~Group ofentities ~~CLP~~are ~~2,128~~eliminated. ~~million~~Unrealized tolosses aare ~~profit~~also ofeliminated. ~~CLP~~When 6necessary,~~953~~ ~~million,~~the ~~primarily~~accounting ~~due~~policies of tothe ~~higher~~subsidiaries ~~gains~~are inmodified ~~exchange~~to ~~rate~~ensure ~~differences resulting~~uniformity ~~from~~with ~~dividends~~the ~~receivable~~policies ~~from~~adopted ~~our~~by ~~subsidiary~~the ~~in Brazil~~Group.

~~Income~~The ~~tax~~interest ~~went~~of ~~from~~ non-~~CLP~~controlling ~~36,000~~shareholders ~~million~~is presented toin ~~-CLP 38,772~~the ~~million,~~consolidated astatement ~~variation~~of ~~primarily~~changes ~~explained~~in equity and the consolidated statement of income by ~~higher~~function ~~pre~~under “Non-~~tax~~Controlling Interest” ~~income~~and “Earnings attributable to non-controlling interests”, respectively.

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
www.koandina.com
	-6-

~~CONSOLIDATED~~The ~~BALANCE~~consolidated ~~SHEET~~financial statements include all assets, liabilities, income, expenses, and cash flows of the Company and its subsidiaries after eliminating balances and transaction among the Group’s entities. The subsidiary companies included in the consolidation are the following:

The balances of assets and liabilities at the closing dates of these financial statements are as follows:

		Ownership interest (%)
		03.31.2026			12.31.2025
Taxpayer ID	Company Name	Direct	Indirect	Total	Direct	Indirect	Total
96.842.970-1	Andina Bottling Investments S.A.	99.94	0.06	100.0	99.94	0.06	100.0
96.972.760-9	Andina Bottling Investments Dos S.A.	64.42	35.58	100.0	64.42	35.58	100.0
Foreign	Andina Empaques Argentina S.A.	-	99.98	99.98	-	99.98	99.98
96.836.750-1	Andina Inversiones Societarias S.A.	100.0	-	100.0	100.0	-	100.0
76.070.406-7	Embotelladora Andina Chile S.A.	99.99	0.01	100.0	99.99	0.01	100.0
Foreign	Embotelladora del Atlántico S.A.	0.92	99.07	99.99	0.92	99.07	99.99
96.705.990-0	Envases Central S.A.	59.27	-	59.27	59.27	-	59.27
Foreign	Paraguay Refrescos S.A.	0.08	97.75	97.83	0.08	97.75	97.83
76.276.604-3	Red de Transportes Comerciales Ltda. *	99.85	0.15	100.0	99.85	0.15	100.0
77.427.659-9	Re-Ciclar S.A.	60.00	-	60.00	60.00	-	60.00
Foreign	Rio de Janeiro Refrescos Ltda.	-	99.99	99.99	-	99.99	99.99
78.536.950-5	Servicios Multivending, Ltd.	99.9	0.10	100.0	99.9	0.10	100.0
78.861.790-9	Transportes Andina Refrescos Ltda.	99.9	0.01	100.0	99.9	0.01	100.0
96.928.520-7	Transportes Polar S.A.	99.9	0.01	100.0	99.9	0.01	100.0
76.389.720-6	Vital Aguas S.A.	66.5	-	66.5	66.5	-	66.5
93.899.000-k	VJ S.A.	15.0	50.00	65.0	15.0	50.00	65.0

	12.31.2025		03.31.2026		Variation
	CLP million		CLP million		CLP million
Assets
Current assets		1,033,053		1,056,380		23,327
Non-current assets		2,387,353		2,483,115		95,763
Total Assets		3,420,405		3,539,495		119,089

* As of March 31, Red de Transportes Comerciales Ltda. is in the process of closing its economic and tax activities. As of May 9, 2025, Embotelladora Andina S.A. absorbed its operations

	12.31.2025		03.31.2026		Variation
	CLP million		CLP million		CLP million
Liabilities
Current liabilities		730,413		633,544		-96,869
Non-current liabilities		1,493,439		1,499,413		5,974
Total Liabilities		2,223,852		2,132,957		-90,895

Investments in associates

	12.31.2025		03.31.2026		Variation
	CLP million		CLP million		CLP million
Equity
Non-controlling interests		39,155		40,546		1,391
Equity attributable to the owners of the controller		1,157,399		1,365,992		208,593
Total Equity		1,196,554		1,406,538		209,984

Ownership interest held by the Group in associates is recorded following the equity method. According to the equity method, the investment in an associate is initially recorded at cost. As of the date of acquisition, the investment in the statement of financial position is recorded by the proportion of its total assets, which represents the Group’s participation, once adjusted, where appropriate, the effect of the transactions made with the Group, plus capital gains that have been generated in the acquisition of the company.

AsDividends ofreceived ~~the~~from ~~end~~these ofcompanies ~~March 2026,~~are ~~compared to~~recorded ~~the~~by ~~end~~reducing ~~of 2025,~~ the ~~Argentine~~value ~~peso,~~of the ~~Brazilian~~investment ~~real,~~ and the ~~Paraguayan~~results ~~guaraní~~obtained ~~appreciated against the Chilean peso~~ by ~~7.6%~~them, ~~7.8%,~~ ~~and 3.4%, respectively,~~ which ~~resulted~~correspond ~~in an increase in assets, liabilities, and equity due~~ to the ~~translation~~Group ofaccording ~~figures~~ to ~~the reporting~~its ~~currency. Additionally~~ownership, ~~in accordance with IAS 29, Argentina’s figures, prior to translation,~~ are ~~adjusted for accumulated~~ ~~inflation~~recorded ~~from~~under the ~~end~~item of“Participation ~~2025~~in toprofit ~~the~~(loss) ~~closing currency~~ of ~~this~~associates ~~report,~~accounted ~~increasing~~for ~~local~~by ~~currency~~the ~~figures~~equity ~~by 9~~method.~~5%.~~”

~~Assets~~Associates are all entities over which the Group exercises significant influence but does not have control. Significant influence is the power to intervene in the financial and operating policy decisions of the associate, without having control or joint control over it. Accounting policies of the associates are changed, where necessary, to ensure conformity with the policies adopted by the Company and unrealized gains are eliminated.

~~Total~~For ~~assets~~associates ~~increased~~located byin ~~CL 119~~Brazil,~~089~~ ~~million,~~the financial orstatements ~~3.5%~~accounted ~~compared~~for tousing ~~December 2025~~the equity method have a one-month lag because their reporting dates are different from those of Embotelladora Andina S.A.

Current assets increased by CLP 23,327 million, or 2.3% compared to December 2025, which is mainly due to the increase in Inventories (CLP 29,724 million), primarily explained by higher inventories of raw materials and finished goods, mainly in our operations in Brazil and Argentina. Added to the above increase is the rise in Cash and cash equivalents (CLP 29,127 million). The aforementioned increases were partially offset by a decrease in Trade receivables and other current receivables (-CLP 47,680 million), due to seasonal factors, as we are comparing with December—the month with the highest sales of the year—and, as a result, high receivables relative to an average month.9

~~Non-current assets increased by CLP 95,763 million, or 4~~2.0%4 ~~compared~~Financial toinformation December 2025, primarily due to the increase in Property, plant, and equipment (CLP 55,731 million), resulting from investments made in our four operations, and the positive effect of currency translation and restatement under IAS 29 in our operations in Argentina, partially offset by ~~depreciation,~~operating disposals, and other factors. Added to this is the increase in Intangible Assets other than goodwill (CLP 22,809 million), explained mainly by the translation effect on the balances of Distribution Rights in Brazil and Paraguay.segments

~~Liabilities~~“IFRS 8 Operating Segments” requires that entities disclose information on the results of operating segments. In general, this is information that Management and ~~Equity~~the Board of Directors use internally to assess performance of segments and allocate resources to them. Therefore, the following operating segments have been determined based on their geographic location:

In· ~~total,~~Operation ~~liabilities~~in ~~decreased by CLP 90,895 million, a 4.1% decrease compared to December 2025.~~Chile

~~Current~~· ~~liabilities~~Operation ~~decreased by CLP 96,869 million, a 13.3% decrease compared to December 2025, primarily due to the decrease~~ in Trade payables and other current payables (-CLP 91,546 million), explained by seasonal factors, as December is the month with the highest sales of the year and, consequently, a month with high payables to suppliers.Brazil

On· ~~the~~Operation ~~other hand, non-current liabilities increased by CLP 5,974 million, a 0.4% increase compared to December 2025, primarily due to an increase~~ in ~~Deferred tax liabilities (CLP 16,770 million).~~Argentina

~~Equity~~· ~~increased~~Operation ~~by CLP 209,984 million, or 17.5% compared to December 2025, explained by the variation~~ in accumulated earnings resulting from (i) profits earned during the period (CLP 99,259 million) and (ii) the restatement of accumulated earnings in our subsidiary in Argentina in accordance with IAS 29 (CLP 27,271 million). On the other hand, the Other Reserves account increased by CLP 82,064 million, primarily due to the positive effect of currency translation of subsidiary figures.Paraguay

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2.5

Functional and presentation currency

	03.31.2026
	CLP Million
Assets by Segment
Argentina		519,422
Brazil		1,119,823
Chile		1,442,705
Paraguay		457,546
Total Assets		3,539,495

2.5.1

Functional currency

	03.31.2026
	CLP Million
Liabilities by Segment
Argentina		150,695
Brazil		816,944
Chile		1,089,145
Paraguay		76,172
Total Liabilities		2,132,957

Items included in the financial statements of each of the entities in the Company are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional currency of each of the Operations is the following:

~~FINANCIAL~~Company ~~ASSETS~~Functional ~~AND~~Currency ~~LIABILITIES~~Embotelladora del Atlántico Argentine Peso (ARS) Embotelladora Andina Chilean Peso (CLP) Paraguay Refrescos Paraguayan Guaraní (PYG) Rio de Janeiro Refrescos Brazil Real (BRL)

CONSOLIDATED NET FINANCIAL DEBT	(USD Million)
Total Financial Assets		487
Cash and cash equivalents (1)		351
Other current financial assets (1)		50
Net valuation of hedge derivatives (2)		86
Financial debt		1,252
Bonds on the international market		514
Bonds on the local market (Chile)		582
Bank debt and others		155
Net Financial Debt		765

Foreign currency-denominated monetary assets and liabilities are converted to the functional currency at the observed exchange rate of each central bank, in effect on the closing date.

~~(1)~~All differences arising from the liquidation or ~~Financial~~conversion ~~Assets~~of ~~corresponding~~monetary toitems ~~Cash~~are ~~and~~recorded ~~Cash~~in ~~Equivalents~~the ~~and~~income ~~Other~~statement, ~~current~~with ~~financial~~the ~~assets~~exception ~~are~~of ~~held~~the ~~invested~~monetary items designated as part of the hedging of the Group’s net investment in ~~low-risk~~a ~~instruments~~business abroad. These differences are recorded under other comprehensive income until the ~~such~~disposal asof ~~time~~the ~~deposits~~net investment, ~~short-term~~at ~~fixed-~~which point they are reclassified to the income ~~mutual~~statement. ~~funds~~Tax ~~and~~adjustments ~~others~~attributable to exchange differences in these monetary items are also recognized under other comprehensive income.

~~(2)~~Non-monetary ~~Considers~~items ~~net~~that are valued at historical cost in a foreign currency are converted using the exchange rate in effect at the date of ~~valuations~~the ~~for~~initial ~~and~~transaction. ~~against~~Non-monetary items ~~hedge~~measured ~~derivatives~~at fair value in a foreign currency are converted using the exchange rate in effect at the date on which fair value is determined. Losses or gains arising from the conversion of non-monetary items measured at fair value are recorded in accordance with the recognition of losses or gains arising from the change in the fair value of the respective item (e.g., exchange differences arising on items whose fair value gains or losses are recognized in comprehensive income).

~~CURRENCY EXPOSURE (%)~~10

	Financial Assets (1)			Financial Debt (3)
CLP (Chile)		60	%		38	%
UF - Unidad de Fomento (Chilean pesos indexed to inflation)		8	%		45	%
BRL (Brazil)		13	%		16	%
PGY (Paraguay)		15	%		0	%
ARS (Argentina)		3	%		0	%
USD (United States)		1	%		1	%
CHF (Switzerland)		0	%		0	%
Total		100	%		100	%

Functional currency in hyperinflationary economies

Beginning July 2018, Argentina’s economy is considered as hyperinflationary, according to the criteria established in the International Accounting Standard No. 29 “Financial information in hyperinflationary economies” (3IAS 29). ~~Includes~~This ~~valuation~~determination was carried out based on a series of ~~hedging~~qualitative and quantitative ~~derivatives~~criteria, including an accumulated inflation rate of more than 100% for three years. In accordance with IAS 29, the financial statements of companies in which Embotelladora Andina S.A. participates in Argentina have been retrospectively restated by applying a general price index to the historical cost, in order to reflect the changes in the purchasing power of the Argentine peso, as of the closing date of these consolidated financial statements.

~~RISK~~Non-monetary assets and liabilities were restated ~~RATING~~since February 2003, the last date an inflation adjustment was applied for accounting purposes in Argentina. In this context, it should be mentioned that the Group made its transition to IFRS on January 1, 2004, applying the attributed cost exemption for Property, plant and equipment.

~~Local~~For ~~rating~~consolidation ~~agencies~~purposes ~~Rating~~in ~~ICR~~Embotelladora ~~AA+~~Andina S.A. ~~Fitch~~and ~~Chile~~as ~~AA+~~a result of the adoption of IAS 29, the results and financial position of our Argentine subsidiaries were converted to the closing exchange rate (ARS/CLP) at the date of presentation of these financial statements , in accordance with IAS 21 “Effects of foreign currency exchange rate variations”, when dealing with a hyperinflationary economy.

International rating agencies		Rating
Moody’s Ratings		Baa1
Fitch Ratings, Inc.		BBB+

The comparative amounts in the consolidated financial statements are those that were presented as current year amounts in the relevant financial statements of the previous year (i.e., not adjusted for subsequent changes in price level or exchange rates). This results in differences between the closing net equity of the previous year and the opening net equity of the current year and, as an accounting policy option, these changes are presented as follows: (a) the re-measurement of Opening balances under IAS 29 as an adjustment to equity and (b) subsequent effects, including re-expression under IAS 21 , as “Exchange rate differences in the conversion of foreign operations” under other comprehensive income.

~~DEBT~~The ~~AMORTIZATION~~adjustment ~~PROFILE~~factor is derived from the National Consumer Price Index (CPI), which is published by the National Institute of Statistics and Census of the Argentine Republic (INDEC). Inflation for the periods January to March 2026 and January to December 2025 amounted to 8.53% and 30.56%, respectively.

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2.5.2

Presentation currency

~~CASH~~The ~~FLOW~~presentation currency is the Chilean peso, which is the functional currency of the parent company, for such purposes, the financial statements of subsidiaries are translated from the functional currency to the presentation currency as indicated below:

	03.31.2025		03.31.2026		Variation
	CLP million		CLP million		CLP million		%
Cash flow
Operating		101,709		89,377		-12,333		-12.1	%
Investment		8,967		-58,169		-67,136		-748.7	%
Financing		-148,871		-9,287		139,584		-93.8	%
Net cash flow for the period		-38,195		21,921		60,115		-157.4	%

Translation of financial statements whose functional currency does not correspond to hyperinflationary economies (Brazil and Paraguay)

~~During~~Financial ~~this~~statements ~~period,~~measured ~~the Company generated a positive~~as ~~net~~indicated ~~cash~~are ~~flow~~translated ofto ~~CLP~~the ~~21,921~~presentation ~~million,~~currency ~~which can be explained~~ as follows:

~~Operating~~· ~~activities~~The ~~generated~~statement aof ~~net~~financial ~~cash~~position ~~inflow of~~is ~~CLP~~translated ~~89,377~~to ~~million,~~the ~~lower~~closing ~~than~~exchange rate at the ~~CLP~~financial ~~101~~statement date,~~709~~ ~~million~~and ~~recorded~~the inincome statement is translated at the ~~same~~average ~~period~~monthly ofexchange ~~2025~~rates, ~~which~~the isdifferences ~~primarily~~that ~~due~~result toare ~~higher~~recognized ~~payments for~~in ~~operating~~equity ~~activities~~under other comprehensive income.

~~Investing~~· ~~activities~~Cash ~~generated a negative cash~~ flow ofincome ~~CLP~~statements ~~58,169~~are ~~million,~~also ~~representing~~translated aat ~~decrease~~average ofexchange ~~CLP~~rates ~~67,136~~for ~~million~~each ~~compared to the previous period, primarily due to the sale of financial assets, which generated net cash proceeds of CLP 72,786 million in 2025, combined with lower capital expenditures in 2026~~transaction.

~~Financing~~· ~~activities~~In ~~generated~~the acase ~~negative~~of ~~cash flow~~the disposal of ~~CLP~~an ~~9,287~~investment ~~million~~abroad, ~~representing~~the acomponent ~~positive change~~ of ~~CLP~~other ~~139,584~~comprehensive ~~million~~income ~~compared~~(OCI) relating to ~~the~~that ~~previous~~investment ~~period,~~is ~~primarily~~reclassified ~~due~~ to ~~higher dividend~~the ~~payments~~income ~~in 2025~~statement.

~~KEY INDICATORS~~11

INDICATOR	Definition	Unit	Mar 26			Dec 25			Mar 25			Mar 26 vs Dec 25			Mar 26 vs Mar 25
LIQUIDITY
Current liquidity	Current Asset	Times		1.7			1.4			1.3			17.9	%		29.9	%
	Current Liability
Acid ratio	Current Asset - Inventories	Times		1.1			1.0			0.8			14.3	%		39.3	%
	Current Liability
ACTIVITY
Investments		Million CLP		34,821			276,728			37,522			-87.4	%		-7.2	%
Inventory turnover	Cost of Sales	Times		1.7			6.7			1.7			-74.7	%		-2.0	%
	Average inventory
INDEBTEDNESS
Indebtedness Ratio	Net Financial Debt*	Times		0.5			0.6			0.8			-20.1	%		-33.2	%
	Total Equity*
Financial expense coverage	Adjusted EBITDA (12M)	Times		14.0			12.1			10.7			15.2	%		30.3	%
	Financial Expenses* (12M) - Financial Income* (12M)
Net financial debt /	Net Financial Debt	Times		1.1			1.2			1.4			-12.2	%		-22.7	%
Adjusted EBITDA	Adjusted EBITDA (12M)
PROFITABILITY
On Equity	Net Income Fiscal Year (12M)	%		22.9	%		25.2	%		24.0	%		(2.3	)pp		(1.1	)pp
	Average Equity
On Total Assets	Net Income Fiscal Year (12M)	%		8.3	%		8.0	%		7.5	%		0.29	pp		0.8	pp
	Average Assets

Translation of financial statements whose functional currency corresponds to hyperinflationary economies (Argentina)

*DefinitionsFinancial ~~used~~statements ~~are~~of ~~contained~~economies with a hyperinflationary economic environment, are recognized according to IAS 29 Financial Information in ~~the~~Hyperinflationary ~~Glossary~~Economies, onand subsequently ~~page~~converted 12to ofChilean ~~this~~pesos ~~document.~~as follows:

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The statement of financial position sheet is translated at the closing exchange rate at the financial statements date.

~~Liquidity~~· The income statement is translated at the closing exchange rate at the financial statements date.

~~Current~~· ~~liquidity~~The ~~showed~~statement aof ~~positive~~cash ~~change~~flows ~~of 17.9%~~is ~~compared~~converted to ~~December 2025,~~the ~~explained~~closing byexchange arate ~~decrease~~at inthe ~~current~~date ~~liabilities~~of ~~(13.3%)~~the ~~combined~~financial ~~with an increase in current assets (2~~statements.~~3%).~~

~~The~~· ~~acid-test~~For ~~ratio~~the ~~increased~~disposal byof ~~14.3%~~an ~~compared to~~investment ~~December 2025~~abroad, ~~due to~~ the ~~reasons~~component ~~outlined~~of ~~above,~~other ~~combined~~comprehensive ~~with~~income ~~a rise in inventories~~ (~~9.8%~~OCI) ~~during~~relating ~~the~~to ~~period.~~that ~~Current~~investment ~~assets excluding~~is ~~inventories~~reclassified ~~decreased~~to bythe ~~0.9%~~income ~~compared to December 2025~~statement.

~~Activity~~In accordance with IAS 21 “Effects of Changes in Foreign Exchange Rates,” we use the closing exchange rate to translate financial information into presentation currency. The official dollar whose value is determined by the Banco de la Nación Argentina (BNA) is used to calculate the exchange rate for the presentation and preparation of the consolidated financial statements.

~~As of the end of March 2026, capital expenditures totaled CLP 34,821 million, representing a 7.~~2%.5.3 ~~decrease~~Exchange ~~compared with the same period in 2025, primarily due to lower investments in the brewery in Brazil and, to a lesser extent, lower investments in cold equipment.~~rates

~~Inventory~~Exchange ~~turnover~~rates ~~reached~~regarding ~~1.7~~the ~~times~~Chilean peso, ~~representing~~calculated ausing ~~2.0%~~the ~~decrease~~closing ~~compared~~rates tofor ~~the~~each ~~same~~ period inand ~~2025,~~used ~~due to the 4.9% increase~~ in ~~average inventory, which exceeded~~ the ~~2.8%~~preparation ~~increase in Cost~~ of ~~Sales~~the ~~compared~~Consolidated toFinancial ~~the~~Statements, ~~same~~are ~~period~~as ~~in 2025.~~follows:

Indebtedness

Date	USD	BRL	(*) ARS	PGY
03.31.2026	927.46	177.695	0.67	0.143
12.31.2025	907.13	164.86	0.62	0.138
03.31.2025	953.07	165.98	0.89	0.119

~~The~~Exchange ~~debt-to-equity~~rates ~~ratio~~regarding ~~was~~the ~~0.5~~Chilean ~~times~~peso, ~~as of~~calculated ~~the~~using ~~end~~average ~~of March 2026~~rates, ~~representing~~used ain ~~20.1% decrease compared to~~ the ~~end~~preparation of ~~December 2025.~~the ~~This~~Consolidated isFinancial ~~primarily due to an increase in total equity (17.5%)~~Statements, ~~combined~~are ~~with~~as ~~a decrease in net financial debt (6.1%).~~follows:

The financial expense coverage ratio shows a 15.2% increase compared to December 2025, reaching a value of 14.0 times. This is due both to the 7.1% decrease in 12-month rolling net financial expenses and the 7.0% increase in 12-month rolling adjusted EBITDA. The Net Financial Debt/Adjusted EBITDA ratio stood at 1.1x as of the end of March 2026, representing a 12.2% decrease compared to December 2025. This is due to the decrease in net financial debt (6.1%), combined with the increase in Adjusted EBITDA (7.0%).

Date	USD	BRL	PGY
03.31.2026	885.58	168.48	0.135
03.31.2025	962.61	164.67	0.121

~~Profitability~~(*) For the translation of Argentine figures, closing rates (not average) are used, as described in Note 2.5.2 b.

Return on equity reached 22.9%, 2.3 percentage points lower than the figure recorded in December 2025. This result is due to the increase in average equity (18.3%), which exceeded the increase in net income over a 12~~-month rolling period (7.5%).~~

~~Meanwhile, return on total assets was 8~~2.~~3%,~~6 ~~0.3 percentage points higher than the figure recorded in December 2025~~Property, ~~explained~~Plant byand ~~the increase in 12-month rolling net income (7.5%), which outpaced the growth in average assets (3.7%).~~Equipment

~~MACROECONOMIC~~The ~~INFORMATION~~elements of Property, plant and equipment, are valued for their acquisition cost, net of their corresponding accumulated depreciation, and of the impairment losses they have experienced.

INFLATION	Accumulated 3M26			L12M
Argentina*		9.48	%		32.64	%
Brazil		1.92	%		4.14	%
Chile		1.40	%		2.80	%
Paraguay		1.37	%		1.88	%

The cost of the items of Property, plant and equipment include in addition to the price paid for the acquisition: i) the financial expenses accrued during the construction period that are directly attributable to the acquisition, construction or production of qualified assets, which are those that require a substantial period of time before being ready for use, such as production facilities. The Group defines a substantial period as one that exceeds twelve months. The interest rate used is that corresponding to specific financing or, if it does not exist, the weighted average financing rate of the Company making the investment; and ii) personnel expenses directly related to the construction in progress.

*OfficialConstruction ~~inflation~~in ~~published~~progress byis ~~the~~transferred ~~Argentine National Institute of Statistics and Census (INDEC). It should be noted that the inflation rate used~~ to ~~restate Argentina’s figures in~~operating ~~accordance~~assets ~~with~~after ~~IAS 29 corresponds to~~ the ~~inflation~~end ~~rate~~of ~~estimated by~~ the ~~Central~~trial ~~Bank~~period ofwhen ~~Argentina~~they ~~(in~~are ~~its~~available ~~Market~~for ~~Expectations Survey report)~~use, from which ismoment ~~also~~depreciation ~~adjusted for the difference between the estimate (by the Central Bank) and the actual inflation rate for the previous month (INDEC)~~begins.

	Local currency/USD							CLP/local currency
	(Average exchange rate*)							(Average exchange rate*)
EXCHANGE RATES USED	1Q25		1Q26		Var %			1Q25		1Q26		Var %
Argentina		1,074.0		1,382.0		28.7	%		0.9		0.7		-24.4	%
Brazil		5.84		5.26		-10.1	%		164.70		168.47		2.3	%
Chile		963		886		-8.0	%		N.A		N.A		N.A
Paraguay		7,922		6,575		-17.0	%		0.12		0.13		10.9	%

Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset only when it is probable that future economic benefits associated with the items of Property, plant and equipment will flow to the Company and the cost of the item can be measured reliably. Repairs and maintenance are charged to expense in the reporting period in which they are incurred.

*ExceptLand ~~Argentina,~~is ~~where~~not ~~the~~depreciated ~~closing~~since it has an indefinite ~~exchange~~useful ~~rate~~life. Depreciation on other assets is ~~used,~~calculated ~~pursuant~~using the straight-line method to ~~IAS~~allocate 29their cost or revalued amounts to their residual values over their estimated useful lives.

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The estimated useful lives by asset category are:

MARKET RISK ANALYSIS

Assets		Range in years
Buildings		15-80
Plant and equipment		5-20
Warehouse installations and accessories		10-50
Furniture and supplies		4-5
Motor vehicles		4-10
IT equipment		3-5
Other Property, plant and equipment		3-10
Bottles and containers		1-8

The ~~Company’s~~residual ~~risk~~value ~~management~~and isuseful ~~the~~lives ~~responsibility~~ of ~~the~~Property, plant ~~office~~and ofequipment ~~the~~are ~~Chief~~reviewed ~~Executive Officer (through the areas of Corporate Management Control, Sustainability~~ and ~~Risks,~~adjusted ~~which~~at ~~report to~~ the ~~office~~end of ~~the~~each ~~Chief~~fiscal ~~Financial Officer)~~year, asif ~~well as each of the management areas of Coca-Cola Andina~~appropriate. ~~The main risks that the Company has identified and that could possibly affect the business are as follows:~~

~~Relationship~~The ~~with~~Company assesses on each reporting date if there is evidence that an asset may be impaired. The ~~Coca-Cola~~Group ~~Company~~estimates the recoverable amount of the asset, if there is evidence, or when an annual impairment test is required for an asset.

AGains ~~large~~and ~~part~~losses ofon ~~the~~disposals ~~Company’s~~of ~~sales~~property, ~~derives~~plant, ~~from~~and ~~the~~equipment ~~sale of products whose trademarks~~ are ~~owned~~calculated by ~~The~~comparing ~~Coca-Cola Company, which has~~ the ~~ability~~proceeds to ~~exert~~the ancarrying ~~important~~amount ~~influence on~~and ~~the~~are ~~business~~charged ~~through~~to ~~its~~other ~~rights~~expenses ~~under~~by ~~the~~function ~~Licensing~~ or ~~Bottling~~other ~~Agreements. In addition~~gains, as weappropriate ~~depend~~in onthe ~~The~~statement ~~Coca-Cola~~of ~~Company~~comprehensive ~~to renew these Bottling Agreements~~income.

~~Non-alcoholic~~The ~~beverage~~Company ~~business~~incorporates ~~environment~~general and specific interest costs directly attributable to the acquisition, construction, or production of an asset that necessarily takes time to get ready for its intended use. No interest has been recognized for the reported period.

Consumers, public health officials, and government officials in our markets are increasingly concerned about the public health consequences associated with obesity, which can affect demand for our products, especially those containing sugar.13

~~The~~As ~~Company~~of ~~has~~March 31, ~~developed~~2026 aand ~~large~~December 31, 2025, ~~portfolio~~there are no essential items or fixed assets that are temporarily out of ~~sugar-free~~ ~~products~~service. Property, plant, and ~~has~~equipment ~~also~~primarily ~~made~~comprise land ~~reformulations~~and tobuildings, ~~some~~production ofmachinery, ~~its~~cooling ~~sugary~~equipment, ~~products~~returnable bottles, ~~significantly~~vehicles, ~~reducing~~and ~~the~~other ~~sugar~~auxiliary ~~content~~equipment. All of ~~its~~these ~~products~~elements are integral for the manufacturing, storage, and distribution of beverages.

~~Raw~~The ~~material~~Company ~~prices~~does not possess any substantial assets that, having reached the end of their depreciation cycle, continue to be utilized as of March 31, 2026 and ~~exchange~~December 31, ~~rates~~2025. The assets that may eventually be affected by this situation primarily consist of minor assets, such as cooling equipment, returnable bottles, furniture, computers, and lighting, among others.

~~Many~~As ~~raw~~of ~~materials~~March 31, ~~are~~2026 ~~used~~and inDecember 31, 2025, the ~~production of~~Company ~~beverages~~utilizes ~~and~~the ~~packaging,~~cost ~~including~~model ~~sugar~~to measure its property, plant, and ~~PET~~equipment. ~~resin~~Based on our estimates, the ~~prices~~carrying ofamount ~~which~~does not ~~may~~exceed ~~present~~fair ~~great volatility~~value. InGiven that the ~~case~~assets ofare ~~sugar~~in operational use, ~~the Company~~they ~~sets~~have ~~the~~not ~~price~~suffered ofany asignificant ~~part~~impairment, ofand ~~the~~market ~~volume~~prices for ~~that~~similar itassets ~~consumes~~remain ~~with~~stable ~~some~~in ~~anticipation~~the industry. Therefore, inno ~~order~~appraisal toor ~~avoid~~revaluation ~~having~~process ~~large~~has ~~fluctuations~~been ~~of cost~~carried ~~that~~out ~~cannot~~in bethose ~~anticipated~~fiscal years.

In2.7 ~~addition,~~Intangible ~~these~~assets ~~raw~~and ~~materials are traded in dollars; the Company has a policy of hedging in the futures market a portion of the dollars it uses to buy raw materials.~~goodwill

~~Instability~~2.7.1 ~~in the supply of utilities and raw materials~~Goodwill

InGoodwill represents the ~~countries~~excess inof ~~which~~the weacquisition cost ~~operate,~~and ~~our~~non-controlling ~~operations depend~~interest onover athe ~~stable~~fair ~~supply~~value of ~~utilities,~~the ~~fuel~~Group’s ~~and~~share ~~raw~~in ~~materials.~~the ~~Power~~net ~~outages~~identifiable orassets ~~water~~of ~~shutoffs,~~the asacquired ~~well~~subsidiary as at the ~~lack~~acquisition ofdate. ~~raw~~Since ~~materials, may~~goodwill ~~result~~is inan ~~interruptions~~intangible ofasset ~~our~~with ~~production.~~an ~~The~~indefinite ~~Company~~useful ~~has~~life, ~~mitigation~~it ~~plans~~is totested ~~reduce~~for ~~the~~impairment ~~effects~~annually ofand ~~eventual~~measured at ~~interruptions~~its ininitial ~~the supply~~value ofless ~~utilities~~any ~~and~~accumulated ~~raw~~impairment ~~materials~~losses.

~~Economic~~Gains ~~conditions~~and oflosses on the ~~countries~~sale ~~where~~of an entity include wethe ~~operate~~carrying amount of goodwill related to that entity.

~~The~~Goodwill ~~Company~~is ~~maintains~~assigned ~~operations~~to ineach ~~Argentina,~~cash generating unit ~~Brazil,~~(CGU) ~~Chile~~or ~~and~~group ~~Paraguay.~~of ~~The~~cash-generating ~~demand~~units, ~~for~~from ~~our~~where ~~products~~it ~~largely~~is ~~depends~~expected onto ~~the~~benefit ~~economic~~from ~~situation~~the ofsynergies ~~these~~arising ~~countries.~~from ~~Moreover,~~the ~~economic~~business combination. ~~instability~~Such ~~can~~CGUs ~~cause~~or ~~depreciation~~groups of ~~the~~CGUs ~~currencies~~represent ofthe ~~these~~lowest ~~countries,~~level asin ~~well~~the asorganization ~~inflation,~~at which ~~may~~goodwill ~~eventually~~is ~~affect~~monitored ~~the~~for ~~Company’s financial~~internal ~~situation~~management purposes.

~~New~~2.7.2 ~~tax~~Distribution ~~laws or modifications to tax incentives~~rights

WeDistribution ~~cannot~~rights ~~ensure~~are ~~that~~contractual ~~any~~rights ~~government authority~~to inproduce ~~any~~and/or ofdistribute ~~the~~Coca-Cola ~~countries~~brand products and other brands in ~~which~~certain weterritories ~~operate~~in ~~will~~Argentina, ~~not~~Brazil, ~~impose~~Chile ~~new~~and ~~taxes~~Paraguay. orDistribution rights ~~increase~~are ~~existing~~born ~~taxes~~from onthe ~~our~~process ~~raw~~of ~~materials,~~valuation ~~products~~at orfair ~~containers~~value of the assets and liabilities of companies acquired in business combinations. ~~Likewise,~~Distribution werights ~~cannot~~have ~~assure~~an ~~that~~indefinite ~~these~~useful ~~authorities~~life and are ~~going~~not toamortized, ~~uphold~~(as they are historically permanently renewed by The Coca-Cola Company) and~~/or~~ ~~renew~~therefore ~~tax~~are ~~incentives~~subject ~~that~~to ~~currently~~impairment ~~benefit~~tests ~~some~~on ofan ~~our operations~~annual basis.

A2.7.3 ~~devaluation of the currencies of the countries where we have our operations, regarding the Chilean peso, can negatively affect the results reported by the Company in Chilean pesos~~Software

~~The~~Carrying ~~Company~~amounts correspond ~~reports~~to ~~its~~internal ~~results~~and external software development costs, which are capitalized once the recognition criteria in ~~Chilean~~IAS ~~pesos~~38, Intangible ~~while~~Assets, ahave ~~large~~been ~~part~~met. ofTheir ~~its~~accounting ~~revenues~~recognition is initially realized for their acquisition or production cost and, ~~Adjusted~~subsequently, they ~~EBITDA~~are ~~comes~~valued ~~from~~at ~~countries~~their ~~that~~net ~~use~~cost ~~other~~of ~~currencies.~~their ~~Should~~corresponding ~~currencies~~accumulated ~~devaluate~~amortization ~~regarding~~ and of the ~~Chilean~~impairment ~~peso~~losses that, ~~this~~if ~~would~~applicable, they have aexperienced. ~~negative~~The ~~effect~~aforementioned onsoftware is amortized within four years. Amortization is recorded in the ~~results~~income statement under cost of ~~the~~sales ~~Company~~or administrative expenses, ~~upon~~depending on the ~~translation~~purpose and use of ~~results~~the ~~into~~software, ~~Chilean~~whether ~~pesos~~in production processes or administrative functions.

~~The imposition of exchange controls could restrict the entry and exit of funds to and from the countries in which we operate, which could significantly limit our financial capacity~~14

The imposition of exchange controls in the countries in which we operate could affect our ability to repatriate profits, which could significantly limit our ability to pay dividends to our shareholders2.8 ~~Additionally,~~Impairment ~~it may limit the ability~~ of ~~our~~non-financial ~~foreign subsidiaries to finance payments of U.S. dollar denominated liabilities required by foreign creditors.~~assets

~~Protests~~Assets ~~and~~with ~~demonstrations~~indefinite inuseful ~~the~~lives, ~~countries in~~such ~~which~~as weintangible assets ~~operate~~related ~~could~~to ~~potentially~~distribution ~~have~~rights aand ~~negative~~goodwill, ~~effect~~are onnot ~~the~~subject ~~economy~~to amortization and onare ~~our~~tested ~~business~~for ~~and~~impairment ~~financial~~annually. ~~condition~~These assets are tested more frequently when events or changes in circumstances indicate that impairment may exist.

WeAssets ~~cannot~~subject ~~predict~~to ~~whether~~amortization, ~~protests~~as ~~and~~well ~~demonstrations~~as land, ~~which~~are ~~have~~tested ~~sometimes~~for ~~been~~impairment ~~violent~~whenever inthere ~~the~~is ~~past,~~an ~~will~~event ~~significantly~~or ~~affect~~change ~~the economies of the countries~~ in ~~which~~circumstances wethat ~~operate,~~indicates ~~nor~~that ~~whether the~~their ~~public~~carrying ~~policies~~amount ~~implemented~~may bynot ~~the~~be ~~government~~recoverable. An inimpairment ~~response~~loss tois ~~these~~recognized ~~demonstrations~~when ~~will~~the ~~have~~carrying aamount ~~negative~~of ~~impact~~an onasset ~~the~~exceeds ~~economy~~its ~~and our~~recoverable ~~business~~amount. ~~Nor~~The ~~can~~recoverable weamount ~~guarantee~~is ~~that~~defined as ~~demonstrations~~the ~~and~~higher ~~vandalism~~of ~~will~~fair ~~not~~value ~~cause~~less ~~damage~~cost toof ~~our~~sales ~~logistics~~ and ~~production~~value ~~infrastructure~~in use.

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
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	-11-

To assess impairment losses, assets are grouped at the lowest level for which there are separately identifiable cash flows (Cash Generating Units—CGUs). In the current year, the recoverable amount of the cash generating units has been determined on the basis of their value in use.

~~Our~~Notwithstanding ~~business~~the isabove, ~~subject~~in the case of CGUs to ~~risks~~which ~~from~~goodwill ~~pandemics~~or ~~such~~intangible asassets ~~COVID-19~~with indefinite useful lives have been assigned, their recoverability is analyzed systematically at the end of each fiscal year. Indications of impairment may include, among others, changes in legal provisions, variations in the economic environment that affect the business, operating performance indicators, significant movements by competitors, or the disposal of a significant part of a CGU.

~~Pandemics~~Management ~~pose~~reviews ~~the~~business ~~risk~~performance ~~that~~on wea ~~or our employees, contractors, suppliers~~geographic ~~and~~segment ~~other~~basis. ~~partners~~Goodwill ~~may~~is bemonitored ~~limited~~at orthe ~~prevented~~operating ~~from~~segment ~~conducting~~level, ~~business~~which ~~for~~includes anthe ~~indefinite~~various ~~period~~cash-generating ofunits ~~time,~~corresponding ~~including due~~ to ~~shutdowns~~ ~~that~~operations ~~may~~in beChile, ~~requested~~Brazil, ~~or ordered by government authorities. In addition~~Argentina, weand ~~may experience disruptions in the supply of raw materials~~Paraguay.

~~Pandemics~~The ~~and~~impairment ~~related~~of ~~governmental~~distribution ~~actions~~rights ~~could~~is monitored ~~adversely~~geographically ~~affect~~at ~~our~~the ~~business~~CGU ~~and~~or ~~results~~CGU ofgroup ~~operations~~level. This corresponds to the specific territories for which distribution rights for products owned by The Coca-Cola Company have been acquired, ~~potentially~~as inwell aas ~~material~~other ~~way~~intangible assets with indefinite useful lives.

ACash-generating ~~more~~units ~~detailed~~or ~~analysis~~groups of ~~business risks is~~cash-generating ~~available~~units inconsist ~~the Company’s 20-F and Annual Report, available on our website.~~of:

~~RECENT~~· ~~EVENTS~~Operation in Chile; North Zone (Antofagasta, Atacama and Coquimbo), Metropolitan Area, Central Zone (San Antonio and Cachapoal and Extreme South Zone of Aysen and Magallanes);

~~Resolutions~~· Operation in Argentina; San Juan, Mendoza, San Luis, Córdoba, Santa Fé, Entre Ríos, La Pampa, Neuquén, Rio Negro, Chubut, Santa Cruz, Tierra del Fuego and western area of the ~~General~~Province ~~Shareholders’ Meeting~~of Buenos Aires;

At· ~~the~~Operation ~~Annual~~in ~~Shareholders’~~Brazil: ~~Meeting~~State of ~~Embotelladora~~ ~~Andina~~Rio ~~S.A.,~~de ~~held~~Janeiro onand ~~April 16,~~Espirito ~~2026~~Santo, ~~the~~Ipiranga ~~following~~territories, ~~among~~and ~~other~~investment ~~matters,~~in ~~was~~the ~~resolved:~~Sorocaba associate;

1.· ToOperation approve the Annual Report, the Statement of Financial Position, and the Financial Statements for the 2025 fiscal year; as well as the external auditors’ report regarding the aforementioned Financial Statements; 2. To approve the distribution of profits and the payment of dividends; 3. To approve the presentation regarding the Company’s dividend policy and information on the procedures used in the distribution and payment of dividends; 4. To approve the determination of the compensation for the directors and members of the Company’s various committees effective April 2026, as well as the presentation of the annual management report and the expenses incurred by the Directors’ Committee and the Board of Directors; 5. Appoint PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada as the Company’s External Auditors for the 2026 fiscal year; 6. To approve the appointment of Fitch Ratings Clasificadora de Riesgo Limitada and ICR Compañía Clasificadora de Riesgo Limitada as local rating agencies; and of Fitch Ratings, Inc. and Moody’s Ratings as the Company’s international rating agencies for the 2026 fiscal year. 7. To approve the report on Board resolutions regarding transactions referred to in Article 146 et seq. of Law No. 18,046 on Corporations, subsequent to the last shareholders’ meeting; and, 8. To designate Diario Financiero as the newspaper in which notices and calls for meetings must be published.Paraguay

~~Under item~~Other 2intangible ~~above,~~assets ~~the~~with ~~Shareholders’~~indefinite ~~Meeting agreed to ratify the interim dividends paid out of the profits for Fiscal Year 2025, and~~useful tolives ~~approve~~consist ~~the distribution and payment~~ of ~~a dividend, out of the profits for Fiscal Year 2025, in the amounts indicated below for each case~~:

-· ~~CLP~~Comercializadora ~~102.0~~Novaverde (~~one hundred and two point zero Chilean pesos~~Guallarauco) ~~per Series A share~~; ~~and,~~

-· ~~CLP~~AdeS ~~112.2 (one hundred and twelve point two Chilean pesos) per Series B share.~~Argentina;

~~This~~· ~~dividend~~AdeS ~~will~~Brazil beand ~~paid~~investment ~~starting~~in ~~on May 14, 2026. The record date for~~ the ~~payment~~associate ofLeão ~~this~~Alimentos ~~dividend~~e ~~will~~Bebidas ~~be the fifth business day prior to the payment date~~Ltda.;

~~S&P~~· ~~Sustainability~~AdeS ~~Yearbook~~Paraguay

In February, we were recognized for the fifth consecutive year in the S&P Sustainability Yearbook, which highlights companies with the best global performance in environmental, social, and corporate governance criteria, consolidating our position among industry leaders.15

~~CDP~~To ~~2025~~assess whether goodwill has suffered an impairment loss, the Company compares its carrying amount with its recoverable amount and recognizes an impairment loss for the excess of the carrying amount over the recoverable amount. To determine the recoverable amount of CGUs, management considers the discounted cash flow method to be the most appropriate.

InThe ~~December 2025,~~main weassumptions ~~received~~used ~~A- ratings for Climate Change and for Water~~ in the ~~CDP~~annual ~~2025 and were recognized with an A rating in the Supplier Engagement Assessment (SEA), highlighting~~impairment ~~our~~test ~~leadership in climate management, transparency, and work with the value chain.~~are:

~~GLOSSARY~~a) Discount rate

~~Adjusted~~The discount rate applied in the annual impairment ~~EBITDA:~~test ~~includes~~carried ~~Revenue,~~out ~~Costs~~in of2025 ~~Sales,~~was ~~Distribution~~estimated ~~Costs~~using ~~and~~the ~~Administrative~~CAPM ~~Expenses~~(Capital Asset Pricing Model) methodology, ~~included~~which inallows ~~the~~estimating ~~Financial~~a ~~Statements~~discount rate ~~submitted~~according to ~~Chile’s~~the ~~Financial~~level ~~Market~~of ~~Commission~~risk ~~and~~of ~~determined~~the CGU in ~~accordance~~the ~~with~~country ~~IFRS,~~where ~~plus~~it ~~Depreciation~~operates. A nominal discount rate in local currency before tax is used according to the following table:

Currency-neutral of a quarter q for a Q year is calculated using the same ratio of local currencies to the Chilean peso as the q quarter of the Q-1 year. In the case of Argentina, given that it is a hyperinflationary economy, the result of the q quarter is also deflated by inflation of the last 12 months.

	2025 Discount rates
Argentina		21.3	%
Chile		7.7	%
Brazil		15.8	%
Paraguay		12.6	%

~~Financial Expenses:~~b) ~~correspond~~Other ~~to interest generated by the Company’s financial debt.~~assumptions

~~Financial Income:~~The ~~corresponds~~financial projections used to determine the present ~~interest~~net ~~generated~~value byof ~~the~~future ~~Company’s~~ cash flows from Cash Generating Units (CGUs) are prepared based on key historical variables and approved budgets for each CGU.

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EARNINGS RELEASE 1Q26
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	-12-

In this context, conservative growth rates are used, considering the structural differences between categories with a high level of maturity, such as carbonated beverages; categories with medium growth, such as water and juices; and categories with lower relative margins, such as alcoholic beverages.

~~Net Financial~~Additionally, ~~Debt: considers~~ the ~~consolidated~~valuation ~~financial~~model ~~liability~~incorporates explicit ~~that~~projections ~~accrues~~for ~~interest,~~a ~~i.e.:~~five-year ~~(i) other~~horizon ~~current financial liabilities~~and, ~~plus~~for ~~(ii) other~~subsequent ~~non-current financial liabilities~~periods, ~~less~~uses ~~(iii) the~~specific ~~sum~~perpetuity ofgrowth ~~cash~~rates ~~and~~per ~~cash~~operation. ~~equivalent;~~These ~~plus other~~rates ~~current~~reflect ~~financial~~real ~~assets;~~growth ~~plus~~consistent ~~other~~with ~~non~~long-~~current~~term ~~financial~~population ~~assets (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to cover exchange rate risk~~ and~~/or~~ ~~interest~~market ~~rate~~growth ofexpectations ~~financial~~in ~~liabilities)~~each geography.

~~Operating Income:~~The ~~includes~~variables ~~Revenue,~~with ~~Costs~~the ofhighest ~~Sales,~~level ~~Distribution~~of ~~Costs and Administrative Expenses, included~~ sensitivity in the ~~Financial Statements~~projections ~~submitted~~correspond to ~~Chile’s Financial Market Commission and determined in accordance with IFRS.~~:

~~Total Equity:~~· ~~corresponds to~~ the ~~equity~~discount ~~attributable~~rate used to determine the ~~owners~~present value of ~~the~~projected ~~controller~~cash ~~plus non-controlling interests.~~flows,

~~Transactions: refers~~· to the ~~number~~perpetuity ofgrowth ~~units sold~~rate, ~~regardless of size.~~and

~~Volume: expressed~~· ~~in Unit Cases (UCs), which is~~ the ~~conventional~~EBITDA ~~measurement~~margins ~~used~~considered tofor ~~measure~~each ~~Sales Volume in the Coca-Cola System worldwide~~CGU.

~~ADDITIONAL~~In ~~INFORMATION~~order to assess the robustness of the impairment test results, sensitivity analyses were performed using variations in the main variables used in the model. The following ranges were considered for these variations.

STOCK EXCHANGES ON WHICH WE TRADE
ANDINA-A ANDINA-B	AKO/A AKO/B
ESG INDICES IN WHICH WE PARTICIPATE
Dow Jones Sustainability Index Chile Dow Jones Sustainability MILA Pacific Alliance Index.
NUMBER OF SHARES
TOTAL: 946,570,604	SERIES A: 473,289,301	SERIES B: 473,281,303	SHARES PER ADR: 6

Discount rate: increase or decrease of up to 200 basis points, applied to the rate used to discount future cash flows to present value.

~~ABOUT~~· ~~COCA-COLA~~Perpetuity ~~ANDINA~~growth rate: increase or decrease of up to 25 basis points in the rate used to determine the perpetual growth of future cash flows.

~~Coca-Cola~~· ~~Andina~~EBITDA ismargin: ~~among~~increase ~~the three largest Coca-Cola bottlers in Latin America, servicing franchised territories with almost 58.0 million people, delivering 945.8 million unit cases —~~or ~~5,370~~ ~~million~~decrease ~~liters—~~of ~~soft~~up ~~drinks,~~to ~~juices,~~150 ~~bottled~~basis ~~water,~~points ~~beer~~on ~~and other alcoholic beverages during 2025. Coca-Cola Andina has~~ the ~~franchise~~EBITDA tomargin produce and commercialize Coca-Cola products in certain territories in Argentina (through Embotelladora del Atlántico), in Brazil (through Rio de Janeiro Refrescos), in Chile, (through Embotelladora Andina) and in all of ~~Paraguay (through Paraguay Refrescos). The Chadwick Claro~~operations, ~~Garcés~~applied ~~Silva,~~uniformly ~~Said Handal and Said Somavía families control Coca-Cola Andina in equal parts. The Company's value generation proposal is~~ to ~~become~~each ayear ~~Total Beverage Company, using existing resources efficiently and sustainably, developing a relationship~~ of ~~excellence with consumers of its products, as well as with its collaborators, customers, suppliers,~~ the ~~community~~projected ~~in which it operates and with its strategic partner The Coca-Cola Company~~period, incorresponding ~~order~~ to ~~increase ROIC for shareholders in~~ the ~~long~~years ~~term.~~2026 ~~For~~to ~~additional company information visit www~~2030.~~koandina.com.~~

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~~This~~As ~~document may contain forward-looking statements that reflect~~ a ~~good~~result ~~faith~~of ~~expectation~~the bymodeling ~~Coca-Cola Andina~~ and ~~are~~valuation ~~based on currently available information. However, the results ultimately obtained are subject to a number~~ of ~~variables, many of which are beyond~~ the various ~~Company's control~~CGUs, and ~~which could~~considering ~~materially impact actual performance. Among~~ the ~~factors~~impairment ~~that~~tests ~~could~~performed ~~cause~~as aof ~~shift in performance are: political and economic conditions on mass consumption~~December 31, ~~price pressures resulting from competitive discounts from other bottlers~~2025, ~~weather~~Management ~~conditions~~has inconcluded ~~the Southern Cone and other risk factors~~ that ~~would~~there beis ~~applicable~~no ~~from~~indication of ~~time~~impairment ~~to time and that are periodically disclosed~~ in ~~reports~~any toof the ~~relevant~~Cash ~~regulatory authorities~~Generating ~~and~~Units ~~are available on our website~~evaluated.

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EARNINGS RELEASE 1Q26
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	-14-

The recoverable values determined exceed the carrying amounts of the associated assets, even under the sensitivity scenarios applied to the main variables of the model. The projections utilized reflect conservative assumptions and are in line with the historical performance of the markets in which the Company operates.

~~Consolidated~~Based on our ongoing monitoring of cash flows ~~Income~~from ~~Statement~~the various cash-generating units, as of the end of the quarter, we have not identified any signs of impairment requiring us to run our models to determine a material change since the end of 2025.

~~(In million~~2.9 ~~Chilean~~Financial ~~pesos)~~instruments

	First Quarter 2026										First Quarter 2025
	Argentina		Brazil		Chile		Paraguay		Total (1)		Argentina		Brazil		Chile		Paraguay		Total (1)		% Ch.
Volume total beverages (Million UC)	47.8		93.4		87.4		23.0		251.6		50.7		91.4		86.1		22.9		251.0		0.2	%
Transactions (Million)	229.8		503.8		479.2		147.5		1,360.4		239.0		485.5		490.6		139.8		1,354.9		0.4	%
Net sales	224,246		257,698		352,027		91,977		924,263		236,095		235,260		341,740		77,385		888,179		4.1	%
Cost of sales	-116,073		-150,817		-227,574		-52,445		-545,223		-123,278		-141,957		-224,325		-43,001		-530,178		2.8	%
Gross profit	108,173		106,881		124,453		39,532		379,040		112,817		93,303		117,415		34,384		358,001		5.9	%
Gross margin	48.2	%	41.5	%	35.4	%	43.0	%	41.0	%	47.8	%	39.7	%	34.4	%	44.4	%	40.3	%
Distribution and administrative expenses	-73,249		-57,073		-80,413		-16,842		-227,576		-77,223		-53,866		-77,117		-14,244		-222,450		2.3	%
Corporate expenses (2)									-2,492										-2,738		-9.0	%
Operating income (3)	34,923		49,809		44,041		22,690		148,971		35,594		39,437		40,298		20,140		132,813		12.2	%
Operating margin	15.6	%	19.3	%	12.5	%	24.7	%	16.1	%	15.1	%	16.8	%	11.8	%	26.0	%	15.0	%
Adjusted EBITDA (4)	47,129		61,993		60,244		27,140		194,015		47,899		48,612		54,537		23,738		172,049		12.8	%
Adjusted EBITDA margin	21.0	%	24.1	%	17.1	%	29.5	%	21.0	%	20.3	%	20.7	%	16.0	%	30.7	%	19.4	%
Financial (expenses) income (net)									-10,558										-13,726		-23.1	%
Share of (loss) profit of investments accounted for using the equity method									986										1,380		-28.6	%
Other income (expenses) (5)									-7,221										-2,659		171.6	%
Results by readjustement unit and exchange rate difference									6,953										-2,128		-426.7	%
Net income before income taxes									139,131										115,681		20.3	%
Income tax expense									-38,772										-36,000		7.7	%
Net income									100,359										79,681		26.0	%
Net income attributable to non-controlling interests									-1,100										-462		138.1	%
Net income attributable to equity holders of the parent									99,259										79,219		25.3	%
Net margin									10.7	%									8.9	%
WEIGHTED AVERAGE SHARES OUTSTANDING									947										947
Earnings per share									105										84
Earnings per ADS									629										502		25.3	%

A financial instrument is any contract that gives rise to the recognition of a financial asset in one entity and a financial liability or equity instrument in another entity.

(2.9.1~~) Total may~~ beFinancial ~~different from the addition of the four countries because of intercountry eliminations.~~assets

~~(2) Corporate~~Pursuant to IFRS 9 “Financial Instruments”, ~~expenses~~except ~~partially~~for ~~reclassified~~certain totrade accounts receivable, the ~~operations~~Group initially measures a financial asset at its fair value plus transaction costs, in the case of a financial asset that is not at fair value, reflecting changes in P&L.

The classification is based on two criteria: (3a) ~~Operating~~the ~~Income~~Group’s ~~considers~~business ~~Net~~model ~~Sales,~~for ~~Cost~~the purpose of ~~Sales,~~managing ~~Distribution~~financial ~~Costs,~~assets ~~and~~to ~~Administrative~~obtain ~~Expenses~~contractual ~~included~~cash inflows; ~~the~~and ~~Financial~~(b) if ~~Statements~~the ~~filed~~contractual ~~with~~cash ~~the~~flows ~~Chilean~~of ~~Financial~~financial ~~Market~~instruments ~~Comission~~represent “solely payments of principal and ~~determined~~interest” inon ~~accordance~~the outstanding principal amount (the “SPPI criterion”). According to IFRS 9, financial assets are subsequently measured at (i) fair value with changes in P&L (FVPL), (ii) amortized cost or (iii) fair value through other comprehensive income (FVOCI).

~~(4) Adjusted EBITDA~~The ~~considers~~subsequent ~~Net~~classification ~~Sales, Cost of Sales, Distribution Costs,~~ and ~~Administrative Expenses included in the Financial Statements filed~~measurement ~~with~~of the ~~Chilean~~Group’s ~~Financial~~financial ~~Market~~assets ~~Comission~~are ~~and~~as ~~determined in accordance to IFRS, plus Depreciation.~~ follows:

~~(5) Other income~~- ~~(expenses)~~Financial ~~includes~~asset ~~the~~at ~~following~~amortized ~~lines~~cost offor ~~the~~financial ~~income~~instruments ~~statement~~that byare ~~function~~maintained ~~included~~within ina business model with the ~~published~~objective of maintaining the financial ~~statements~~assets in to collect contractual cash flows that meet the ~~Financial~~SPPI ~~Market~~criterion. ~~Comission:~~This ~~"Other~~category ~~income",~~includes ~~"Other~~the ~~expenses"~~Group’s trade and ~~"Other~~other ~~(loss)~~accounts ~~gains"~~receivable.

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	-15-

Financial assets measured at fair value with changes in other comprehensive income (FVOCI), with gains or losses recognized in P&L at the time of liquidation. Financial assets in this category correspond to the Group’s instruments that meet the SPPI criterion and are kept within a business model both to collect cash flows and to sell.

~~Consolidated~~Other financial assets are classified and subsequently ~~Income~~measures ~~Statement~~as follows:

~~(In million~~- ~~Local~~Equity ~~currency~~instruments at fair value with changes in other comprehensive income (FVOCI) without recognizing earnings or losses in P&L at the time of liquidation. This category only includes equity instruments that the Group intends to keep in the foreseeable future and that the Group has irrevocably chosen to classify in this category in the initial recognition or transition.

	First Quarter 2026								First Quarter 2025
	Argentina (3)		Brazil		Chile		Paraguay		Argentina (3)		Brazil		Chile		Paraguay
	IAS 29		Nominal		Nominal		Nominal		IAS 29		Nominal		Nominal		Nominal
Total beverages volume (Million UC)	47.8		93.4		87.4		23.0		50.7		91.4		86.1		22.9
Transactions (Million)	229.8		503.8		479.2		147.5		239.0		485.5		490.6		139.8
Net sales	334,147		1,529.7		352,027		681,738		352,460		1,428.5		341,740		636,814
Cost of sales	-172,960		-895.1		-227,574		-388,949		-184,038		-861.8		-224,325		-353,745
Gross profit	161,187		634.7		124,453		292,789		168,422		566.7		117,415		283,068
Gross margin	48.2	%	41.5	%	35.4	%	42.9	%	47.8	%	39.7	%	34.4	%	44.5	%
Distribution and administrative expenses	-109,148		-339.0		-80,413		-124,898		-115,285		-327.1		-77,117		-117,196
Operating income (1)	52,039		295.7		44,041		167,891		53,137		239.6		40,298		165,873
Operating margin	15.6	%	19.3	%	12.5	%	24.6	%	15.1	%	16.8	%	11.8	%	26.0	%
Adjusted EBITDA (2)	70,227		368.0		60,244		200,863		71,508		295.3		54,537		195,530
Adjusted EBITDA margin	21.0	%	24.1	%	17.1	%	29.5	%	20.3	%	20.7	%	16.0	%	30.7	%

Financial assets at fair value with changes in P&L (FVPL) include derivative instruments and equity instruments quoted that the Group had not irrevocably chosen to classify at FVOCI in the initial recognition or transition. This category also includes debt instruments whose cash flow characteristics do not comply with the SPPI criterion or are not kept within a business model whose objective is to recognize contractual cash flows or sale.

(1) Operating Income considers Net Sales, Cost of Sales, Distribution Costs, and Administrative Expenses included in the Financial Statements filed with the Chilean Financial Market Comission and determined in accordance to IFRS.17

~~(2) Adjusted EBITDA~~A ~~considers~~financial ~~Net~~asset ~~Sales~~(or, ~~Cost~~where applicable, a portion of ~~Sales,~~a ~~Distribution~~financial ~~Costs,~~asset ~~and~~or ~~Administrative~~a ~~Expenses~~portion ~~included~~of ina ~~the~~group ~~Financial~~of ~~Statements~~similar ~~filed with~~financial ~~the~~assets) ~~Chilean~~is ~~Financial~~initially ~~Market~~disposed ~~Comission~~(for ~~and~~example, ~~determined~~canceled in ~~accordance~~the toGroup’s consolidated ~~IFRS,~~financial ~~plus~~statements) ~~Depreciation.~~when:

~~(3) Argentina 2026~~- ~~figures~~The ~~are~~rights ~~presented in accordance~~ to ~~IAS~~receive ~~29,~~cash inflows ~~March 2026~~from ~~currency.~~the ~~2025~~asset ~~figures~~have ~~are also presented in accordance to IAS 29~~expired, ~~in March 2026 currency.~~

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
www.koandina.com
	-16-

The Group has transferred the rights to receive the cash flows of the asset or has assumed the obligation to pay all cash flows received without delay to a third party under a transfer agreement; and the Group (a) has substantially transferred all risks and benefits of the asset, or (b) has not substantially transferred or retained all risks and benefits of the asset but has transferred control of the asset.

~~Consolidated Balance~~2.9.2 ~~Sheet~~Financial Liabilities

~~(In~~Financial liabilities are classified as a fair ~~million~~value ~~Chilean~~financial ~~pesos)~~liability at the date of their initial recognition, as appropriate, with changes in results, loans and credits, accounts payable or derivatives designated as hedging instruments in an effective coverage. All financial liabilities are initially recognized at fair value and transaction costs directly attributable are netted from loans and credits and accounts payable.

				Variation %
	03-31-2026	12-31-2025	03-31-2025	12-31-2025		03-31-2025
ASSETS
Cash + Time deposits + market. Securit.	373,153	342,514	209,336	8.9	%	78.3	%
Account receivables (net)	302,871	355,078	282,288	-14.7	%	7.3	%
Inventories	334,275	304,551	308,804	9.8	%	8.2	%
Other current assets	46,081	30,910	51,105	49.1	%	-9.8	%
Total Current Assets	1,056,380	1,033,053	851,533	2.3	%	24.1	%
Property, plant and equipment	2,728,739	2,536,914	2,505,768	7.6	%	8.9	%
Depreciation	-1,493,623	-1,357,529	-1,408,985	10.0	%	6.0	%
Total Property, Plant, and Equipment	1,235,116	1,179,385	1,096,783	4.7	%	12.6	%
Investment in related companies	91,789	87,088	88,045	5.4	%	4.3	%
Goodwill	151,439	137,128	145,145	10.4	%	4.3	%
Other long term assets	1,004,771	983,751	937,339	2.1	%	7.2	%
Total Other Assets	1,247,999	1,207,967	1,170,528	3.3	%	6.6	%
TOTAL ASSETS	3,539,495	3,420,405	3,118,845	3.5	%	13.5	%

The Group’s financial liabilities include trade and other accounts payable, loans and credits, including those discovered in current accounts, and derivative financial instruments.

				Variation %
	03-31-2026	12-31-2025	03-31-2025	12-31-2025		03-31-2025
LIABILITIES & SHAREHOLDERS' EQUITY
Short term bank liabilities	10,332	11,820	48,720	-12.6	%	-78.8	%
Current portion of bonds payable	18,125	23,808	24,105	-23.9	%	-24.8	%
Other financial liabilities	27,072	26,791	23,871	1.0	%	13.4	%
Trade accounts payable and notes payable	501,740	582,499	486,445	-13.9	%	3.1	%
Other liabilities	76,275	85,495	80,087	-10.8	%	-4.8	%
Total Current Liabilities	633,544	730,413	663,228	-13.3	%	-4.5	%
Long term bank liabilities	105,292	104,961	0	0.3	%	0.0	%
Bonds payable	998,625	991,601	991,238	0.7	%	0.7	%
Other financial liabilities	72,410	95,234	82,469	-24.0	%	-12.2	%
Other long term liabilities	323,087	301,643	308,948	7.1	%	4.6	%
Total Long Term Liabilities	1,499,413	1,493,439	1,382,655	0.4	%	8.4	%
Minority interest	40,546	39,155	38,017	3.6	%	6.7	%
Stockholders' Equity	1,365,992	1,157,399	1,034,944	18.0	%	32.0	%
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	3,539,495	3,420,405	3,118,845	3.5	%	13.5	%

The classification and subsequent measurement of the Group’s financial liabilities are as follows:

~~Financial Highlights~~- Fair value financial liabilities with changes in results include financial liabilities held for trading and financial liabilities designated in their initial recognition at fair value with changes in results. The losses or gains of liabilities held for trading are recognized in the income statement.

~~(In million~~- ~~Chilean~~Loans ~~pesos)~~and credits are valued at cost or amortized using the effective interest rate method. Gains and losses are recognized in the income statement when liabilities are disposed, as well as interest accrued in accordance with the effective interest rate method.

	Accumulated	Accumulated	Accumulated
	03-31-2026	12-31-2025	03-31-2025
ADDITIONS TO FIXED ASSETS
Chile	12,094	73,557	16,184
Brazil	6,822	115,963	7,401
Argentina	14,206	45,357	12,341
Paraguay	1,698	41,851	1,596
Total	34,821	276,728	37,522

A financial liability is disposed of when the obligation is extinguished, cancelled or expires. Where an existing financial liability is replaced by another of the same lender under substantially different conditions, or where the conditions of an existing liability are substantially modified, such exchange or modification is treated as a disposal of the original liability and the recognition of the new obligation. The difference in the values in the respective books is recognized in the statement of income.

COCA-COLA ANDINA
EARNINGS RELEASE 1Q26
www.koandina.com
	-17-

2.9.3

Offsetting financial instruments

Financial assets and financial liabilities are offset with the corresponding net amount presenting the corresponding net amount in the statement of financial position, if:

There is currently a legally enforceable right to offset the amounts recognized, and

It is intended to liquidate them for the net amount or to realize the assets and liquidate the liabilities simultaneously.

2.10

Derivatives financial instruments and hedging activities

The Company and its subsidiaries use derivative financial instruments to mitigate risks relating to changes in foreign currency and exchange rates associated with raw materials, and loan obligations. Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value at each closing date. Derivatives are accounted as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The method of recognizing the resulting gain or loss depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged.

2.10.1

Derivative financial instruments designated as cash flow hedges

At the inception of the transaction, the group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedging transactions. The group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income. The gain or loss relating to the ineffective portion is recognized immediately in the consolidated income statement within “other gains (losses).”

Amounts accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss (for example, when foreign currency denominated financial liabilities are translated into their functional currencies). The gain or loss relating to the effective portion of cross currency swaps hedging the effects of changes in foreign exchange rates are recognized in the consolidated income statement within “foreign exchange differences.” When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognized when the forecast transaction is ultimately recognized in the consolidated income statement.

2.10.2

Derivative financial instruments not designated for hedging

The fair value of derivative financial instruments that do not qualify for hedge accounting pursuant to IFRS are immediately recognized in the income statement under “Other income and losses”. The fair value of these derivatives is recorded under “other current financial assets” or “other current financial liabilities” in the statement of financial position.

The Company does not use hedge accounting for its foreign investments.

The Company also evaluates the existence of embedded derivatives in contracts and financial instruments as stipulated by IFRS 9 and classifies them pursuant to their contractual terms and the business model of the group. At the date of these financial statements, the Company had no embedded derivatives.

2.10.3

Fair value hierarchy

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the date of the transaction. Fair value is based on the presumption that the transaction to sell the asset or to transfer the liability takes place;

In the asset or liability main market, or

In the absence of a main market, in the most advantageous market for the transaction of those assets or liabilities.

The Company maintains assets related to foreign currency derivative contracts which were classified as Other current and non-current financial assets and Other current and non-current financial liabilities, respectively, and are accounted at fair value within the statement of financial position.

The Company uses the following hierarchy to determine and disclose the fair value of financial instruments with assessment techniques:

Level 1:

Quote values (unadjusted) in active markets for identical assets or liabilities

Level 2:

Valuation techniques for which the lowest level variable used, which is significant for the calculation, is directly or indirectly observable

Level 3:

Valuation techniques for which the lowest level variable used, which is significant for the calculation, are not observable.

During the reporting periods there were no transfers of items between fair value measurement categories. All of which were valued during the periods using Level 2.

2.11

Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. The cost of finished goods and work in progress includes raw materials, direct labor, other direct costs and manufacturing overhead (based on operating capacity) to bring the goods to marketable condition, but it excludes interest expense. Net realizable value is the estimated selling price in the ordinary course of business, less applicable variable selling expenses. Spare parts and production materials are stated at the lower of cost or net realizable value.

The initial cost of inventories includes the transfer of losses and gains from cash flow hedges, related to the purchase of raw materials.

Estimates are also made for obsolescence of raw materials and finished products based on turnover and age of the related goods.

2.12

Trade accounts receivable and other accounts receivable

Trade accounts receivable and other accounts receivable are measured and recognized at the transaction price at the time they are generated less the provision for expected credit losses, pursuant to the requirements of IFRS 15, since they do not have a significant financial component, less the provision of expected credit losses. The provision for expected credit losses is made applying a value impairment model based on expected credit losses for the following 12 months. The Group applies a simplified focus for trade receivables, thereby impairment is always recorded referring to expected losses during the whole life of the asset. The carrying amount of the asset is reduced by the provision of expected credit losses, and the loss is recognized in administrative expenses in the consolidated income statement by function.

2.13

Cash and cash equivalents

Cash and cash equivalents include cash on hand, bank balances, time deposits and other short-term highly liquid and low risk of change in value investments.

2.14

Other financial liabilities

Resources obtained from financial institutions as well as the issuance of debt securities are initially recognized at fair value, net of costs incurred during the transaction. Then, liabilities are valued by accruing interests in order to equal the current value with the future value of liabilities payable, using the effective interest rate method.

General and specific borrowing costs directly attributable to the acquisition, construction or production of qualified assets, considered as those that require a substantial period of time in order to get ready for their forecasted use or sale, are added to the cost of those assets until the period in which the assets are substantially ready to be used or sold.

2.15

Income tax

The Company and its subsidiaries in Chile account for income tax according to the net taxable income calculated based on the rules in the Income Tax Law. Subsidiaries in other countries account for income taxes according to the tax regulations of the country in which they operate.

Deferred income taxes are calculated using the liability method on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Consolidated Financial Statements, using the tax rates that have been enacted or substantively enacted on the balance sheet date and are expected to apply when the deferred income tax asset is realized, or the deferred income tax liability is settled.

Deferred income tax assets are recognized only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilized.

The Company does not recognize deferred income taxes for temporary differences from investments in subsidiaries in which the Company can control the timing of the reversal of the temporary differences and it is probable that they will not be reversed in the near future.

The Group offsets deferred tax assets and liabilities if and only if it has legally recognized a right to offset against the tax authority the amounts recognized in those items; and intends to settle the resulting net debts, or to realize the assets and simultaneously settle the debts that have been offset by them.

2.16

Provisions

Provisions are recognized when the Company has a present legal or constructive obligation as a result of past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation.

2.17

Leases

In accordance with IFRS 16 “Leases” Embotelladora Andina analyzes, at the beginning of the contract, the economic background of the agreement, to determine if the contract is, or contains, a lease, evaluating whether the agreement transfers the right to control the use of an identified asset for a period of time in exchange for a consideration. Control is considered to exist if the client has i) the right to obtain substantially all the economic benefits from the use of an identified asset; and ii) the right to direct the use of the asset.

The Company when operating as a lessee, at the beginning of the lease (on the date the underlying asset is available for use) records an asset for the right-of-use in the statement of financial position (under Property, plant and equipment) and a lease liability (under Other financial liabilities).

This asset is initially recognized at cost, which includes: i) value of the initial measurement of the lease liability; ii) lease payments made up to the start date less lease incentives received; iii) the initial direct costs incurred; and iv) the estimation of costs for dismantling or restoration. Subsequently, the right-of-use asset is measured at cost, adjusted by any new measurement of the lease liability, less accumulated depreciation and accumulated losses due to impairment of value. The right-of-use asset is depreciated in the same terms as the rest of similar depreciable assets, if there is reasonable certainty that the lessee will acquire ownership of the asset at the end of the lease. If such certainty does not exist, the asset depreciates at the shortest period between the useful life of the asset or the lease term.

On the other hand, the lease liability is initially measured at the present value of the lease payments, discounted at the incremental loan rate of the Company, if the interest rate implicit in the lease could not be easily determined. Lease payments included in the measurement of the liability include: i) fixed payments, less any lease incentive receivable; ii) variable lease payments; iii) residual value guarantees; iv) exercise price of a purchase option; and v) penalties for lease termination.

The lease liability is increased to reflect the accumulation of interest and is reduced by the lease payments made. In addition, the carrying amount of the liability is measured again if there is a modification in the terms of the lease (changes in the term, in the amount of payments or in the evaluation of an option to buy or change in the amounts to be paid). Interest expense is recognized as an expense and is distributed among the periods that constitute the lease period, so that a constant interest rate is obtained in each year on the outstanding balance of the lease liability.

Short-term leases, equal to or less than one year, or lease of low-value assets are excepted from the application of the recognition criteria described above, recording the payments associated with the lease as an expense in a linear manner throughout the lease term. The Company does not act as a lessor, nor does it have variable payments as a lessee.

2.18

Deposits for returnable containers

This liability comprises cash collateral, or deposit, received from customers for bottles and other returnable containers made available to them.

This liability pertains to the deposit amount that will be reimbursed when the customer or distributor returns the bottles and containers in good condition, together with the original invoice.

This liability is presented under Other current financial liabilities since the Company does not have legal rights to defer settlement for a period in excess of one year. However, the Company does not anticipate any material cash settlements for such amounts during the upcoming year.

2.19

Revenue recognition

The Company recognizes revenue when control over a good or service is transferred to the client. Control refers to the ability of the client to direct the use and obtain substantially all the benefits of the goods and services exchanged. Revenue is measured based on the consideration to which it is expected to be entitled for such transfer of control, excluding amounts collected on behalf of third parties.

Management has defined the following indicators for revenue recognition, applying the five-step model established by IFRS 15 “Revenue from contracts with customers”: 1) Identification of the contract with the customer; 2) Identification of performance obligations; 3) Determination of the transaction price; 4) Assignment of the transaction price; and 5) Recognition of revenue.

All the above conditions are met at the time the products are delivered to the customer. Net sales reflect the units delivered at list price, net of promotions, discounts and taxes.

The revenue recognition criteria of the goods provided by Embotelladora Andina corresponds to a single performance obligation that transfers the product to be received to the customer.

2.20

Contributions from The Coca-Cola Company

The Company receives certain discretionary contributions from The Coca-Cola Company (TCCC) mainly related to the financing of advertising and promotional programs for its products in the territories where the Company has distribution licenses. The contribution received from TCCC is recognized in net income after the conditions agreed with TCCC in order to become a creditor to such incentive have been fulfilled, they are recorded as a reduction in the marketing expenses included in the Administration Expenses account. Given its discretionary nature, the portion of contributions received in one period does not imply it will be repeated in the following period.

2.21

Dividend distribution

The minimum mandatory dividend established by the Chilean Corporations Law is 30% of net income for the fiscal year, which must be ratified unanimously by the General Shareholders’ Meeting. Net income is determined as of December 31 of each year, at which time the liability is recognized in the Company’s consolidated financial statements.

Interim and final dividends are recorded at the time of their approval by the competent body, which in the first case is normally the Board of Directors of the Company, while in the second case it is the responsibility of the General Shareholders’ Meeting.

2.22

Critical accounting estimates and judgments

In preparing the Consolidated Financial Statements, the Company has used certain judgments and estimates made to quantify some of the assets, liabilities, income, expenses and commitments. Following is an explanation of the estimates and judgments that might have a material impact on future financial statements.

2.22.1

Impairment of goodwill and intangible assets with indefinite useful lives

The Company tests annually whether goodwill and intangible assets with indefinite useful life (such as distribution rights) have suffered any impairment. The recoverable amounts of cash generating units are determined based on value in use calculations. The significant judgments and assumptions used in the calculations include sales volumes and prices, discount rates, marketing expenses and other economic factors. The estimation of these variables requires a use of estimates and judgments as they are subject to inherent uncertainties; however, the assumptions are consistent with the Company’s internal planning and past results. Therefore, management evaluates, and updates estimates according to the conditions affecting the variables. If these assets are considered to have been impaired, they will be written off at their estimated fair value or future recovery value according to the lowest discounted cash flows analysis. On an annual basis and close to each fiscal year end discounted cash flows in the Company’s cash generating units in Chile, Brazil, Argentina and Paraguay generated a higher value than the carrying values of the respective net assets, including goodwill of the Brazilian, Argentinian and Paraguayan subsidiaries.

2.22.2

Fair Value of Assets and Liabilities

IFRS require in certain cases that assets and liabilities be recorded at their fair value. Fair value is the price that would be received for selling an asset or paid to transfer a liability in a transaction ordered between market participants at the date of measurement.

The basis for measuring assets and liabilities at fair value are their current prices in an active market. For those that are not traded in an active market, the Company determines fair value based on the best information available by using valuation techniques.

In the case of the valuation of intangibles recognized as a result of acquisitions from business combinations, the Company estimates the fair value based on the “multi-period excess earning method”, which involves the estimation of future cash flows generated by the intangible assets, adjusted by cash flows that do not come from these, but from other assets. The Company also applies estimations over the period during which the intangible assets will generate cash flows, cash flows from other assets, and a discount rate.

Other assets acquired, and liabilities assumed in a business combination are carried at fair value using valuation methods that are considered appropriate under the circumstances. Assumptions include the depreciated cost of recovery and recent transaction values for comparable assets, among others. These valuation techniques require certain inputs to be estimated, including the estimation of future cash flows.

2.22.3

Allowances for doubtful accounts

The Group uses a provision matrix to calculate expected credit losses for trade receivables. Provisions are based on due days for various groups of customer segments that have similar loss patterns (i.e., by geography region, product type, customer type and rating, and credit letter coverage and other forms of credit insurance).

The provision matrix is initially based on the historically observed non-compliance rates for the Group. The Group will calibrate the matrix to adjust the historical credit loss experience with forward-looking information. For example, if expected economic conditions (i.e., gross domestic product) are expected to deteriorate over the next year, which can lead to more non-compliances in the industry, historical default rates are adjusted. At each closing date, the observed historical default rates are updated and changes in prospective estimates are analyzed. The assessment of the correlation between observed historical default rates, expected economic conditions and expected credit losses are significant estimates.

2.22.4

Useful life, residual value and impairment of property, plant, and equipment

Property, plant, and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful life of those assets. Changes in circumstances, such as technological advances, changes to the Company’s business model, or changes in its capital strategy might modify the effective useful lives as compared to our estimates. Whenever the Company determined that the useful life of Property, plant and equipment might be shortened, it depreciates the excess between the net book value and the estimated recoverable amount according to the revised remaining useful life. Factors such as changes in the planned usage of manufacturing equipment, dispensers, transportation equipment and computer software could make the useful lives of assets shorter. The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of any of those assets may not be recovered. The estimate of future cash flows is based, among other factors, on certain assumptions about the expected operating profits in the future. The Company’s estimation of discounted cash flows may differ from actual cash flows because of, among other reasons, technological changes, economic conditions, changes in the business model, or changes in operating

profit. If the sum of the projected discounted cash flows (excluding interest) is less than the carrying amount of the asset, the asset shall be written off to its estimated recoverable value.

2.22.5

Contingent liabilities

Provisions for litigation and other contingencies are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the current obligation at the date of issuance of the financial statements, considering the risks and uncertainties surrounding the obligation. When a provision is measured using estimated cash flows to settle the current obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material). The accrual of the discount is recognized as a finance cost. Incremental legal costs expected to be incurred in settling the legal claim are included in the measurement of the provision.

Provisions are reviewed at the end of each reporting period and are adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic benefits will be required to settle the obligation, the provision is reversed.

A contingent liability does not imply the recognition of a provision. Legal costs expected to be incurred in defending the legal claim are recognized in profit or loss when incurred.

2.22.6.

Employee benefits

The Company records a liability regarding indemnities for years of service that will be paid to employees in accordance with individual and collective agreements subscribed with employees, which is recorded at actuarial value in accordance with IAS 19 “Employee Benefits”. At the end of the period there were no modifications to the agreements. Results from updated actuarial variables are recorded within other comprehensive income in accordance with IAS 19. Additionally, the Company has retention plans for some officers, which have a provision pursuant to the guidelines of each plan. These plans grant the right to certain officers to receive a cash payment on a certain date once they have fulfilled the required years of service.

The Company and its subsidiaries have recorded a provision to account for the cost of vacations and other employee benefits on an accrual basis. These liabilities are recorded under current non-financial liabilities.

2.23

New Standards, Interpretations and Amendments to IFRS

2.23.1

Mandatory standards, interpretations and amendments for the first time for fiscal years beginning on January 1, 2026.

Amendment to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments. Published in May 2024, this amendment intends to:

Clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;

Clarify and add further guidance for assessing whether a financial asset meets the principal-and-interest-only payment (SPPI) criterion;

Add new disclosures for certain instruments with contractual terms that may change cash flows (such as some instruments with features linked to the achievement of environmental, social and governance (ESG) goals); and

Make updates to disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).

Annual Improvements to IFRS Standards – Volume 11. Published in July 2024, these amendments are part of the Annual Improvements to IFRS Accounting Standards. Annual improvements are limited to amendments intended to clarify the wording of an Accounting Standard or to correct minor unintended consequences, omissions, or inconsistencies among the requirements of the IFRS Accounting Standards. The 2024 list of amended Accounting Standards, together with the associated guidance, includes the following:

IFRS 1 First-time Adoption of International Financial Reporting Standards.

IFRS 7 Financial Instruments: Disclosures.

IFRS 9 Financial Instruments.

IFRS 10 Consolidated Financial Statements.

IAS 7 Statement of Cash Flows.

Amendment to IFRS 9 and IFRS 7: Contracts Referencing Electricity Dependent on Nature. Published in December 2024. These amendments modify the requirements regarding the “own use” criterion and hedge accounting set forth in IFRS 9, and incorporate specific disclosure requirements in IFRS 7. The amendments apply only to contracts that expose the entity to variability in the underlying amount of electricity because the source of its generation depends on uncontrollable natural conditions (such as weather conditions). These contracts are referred to as “contracts referencing electricity dependent on natural conditions.”

The adoption of the amendments described above does not have a significant impact on the Company’s interim consolidated financial statements.

2.23.2

Standards, interpretations and amendments issued, the application of which is not yet mandatory, for which early adoption has not been made.

IFRS 18 Presentation and Disclosures in Financial Statements. Published in April 2024, with mandatory adoption for fiscal years beginning on or after January 1, 2027.

This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the income statement. The key new concepts introduced in IFRS 18 relate to (Mandatory as from January 1, 2027):

The structure of the income statement;

Disclosures required in the financial statements for certain profit or loss performance measures that are reported outside an entity’s financial statements (i.e., performance measures defined by management); and

Enhanced principles on aggregation and disaggregation that apply to the principal financial statements and notes overall.

IFRS 19 Subsidiaries without public accountability. This new standard and the associated amendments operate in conjunction with the other IFRS Accounting Standards. An eligible subsidiary applies the requirements set out in the other IFRS Accounting Standards, except for the disclosure requirements, applying instead the reduced disclosure requirements set out in IFRS 19. The reduced disclosure requirements of IFRS 19 seek to balance the information needs of users of the financial statements of

eligible subsidiaries with cost savings for preparers. The application of IFRS 19 is voluntary for subsidiaries that meet the eligibility criteria.

A subsidiary is considered eligible when it:

Has no public liability; and

It has a parent or intermediate company that prepares consolidated financial statements available for public use in accordance with IFRS Accounting Standards.

Amendment to IFRS 19, Subsidiaries without Public Accountability: Disclosures.” In developing the condensed disclosure requirements included in IFRS 19, the IASB considered the disclosure requirements contained in the IFRS Accounting Standards in effect as of February 28, 2021. Consequently, at the time IFRS 19 was issued, it did not include simplified versions of the disclosure requirements incorporated or amended after that date. Subsequently, the IASB issued these amendments with the aim of supporting eligible subsidiaries by reducing the disclosure requirements corresponding to standards and amendments issued between February 2021 and May 2024, specifically:

IFRS 18, Presentation and Disclosure in Financial Statements;

Supplier Financing Agreements (Amendments to IAS 7 and IFRS 7);

International Tax Reform – Pillar Two Model Rules (Amendments to IAS 12);

Non-interchangeability (Amendments to IAS 21); and

Amendments to the classification and measurement of financial instruments (Amendments to IFRS 9 and IFRS 7).

Going forward, IFRS 19 will be amended simultaneously with the issuance or revision of other IFRS Accounting Standards by the IASB

Amendments to IAS 21—Translation into a Hyperinflationary Presentation Currency, published in November 2025. These limited-scope amendments specify the translation procedures applicable to an entity whose presentation currency is that of a hyperinflationary economy. An entity applies these amendments when:

Its functional currency is that of a non-hyperinflationary economy and it is translating its results and financial position into the currency of a hyperinflationary economy; or

It is translating the results and financial position of a foreign operation whose functional currency is that of a non-hyperinflationary economy into the currency of a hyperinflationary economy.

The amendments are intended to improve the usefulness and comparability of the resulting financial information by reducing the diversity observed in practice.

Company management estimates that the adoption of the standards, interpretations and amendments described above will not have a material impact on the Company’s consolidated financial statements in the period of initial application.

Regarding the implementation of IFRS 18—Presentation and Disclosure in Financial Statements, management is conducting a thorough analysis of the potential impact on the company’s consolidated financial statements.

3 – FINANCIAL REPORTING BY SEGMENT REPORTING

The Company provides financial information by segments according to IFRS 8 “Operating Segments,” which establishes standards for reporting by operating segment and related disclosures for products and services, and geographic areas.

The Company’s Board of Directors and Management measures and assesses the performance of operating segments based on the operating income of each of the countries where there are Coca-Cola franchises.

The operating segments are determined based on the presentation of internal reports to the Company´s chief strategic decision-maker. The chief operating decision-maker has been identified as the Company´s Board of Directors who makes the Company’s strategic decisions.

The following operating segments have been determined for strategic decision making based on geographic location:

	·	Operation in Chile
	·	Operation in Brazil
	·	Operation in Argentina
	·	Operation in Paraguay

The four operating segments conduct their businesses through the production and sale of soft drinks and other beverages, as well as packaging materials.

Expenses and revenue associated with the Corporate Officer were assigned to the operation in Chile in the soft drinks segment because Chile is the country that manages and pays the corporate expenses, which would also be substantially incurred, regardless of the existence of subsidiaries abroad.

Total revenues by segment include sales to unrelated customers and inter-segments, as indicated in the consolidated statement of income of the Company.

A summary of the Company's operations by segment in accordance with IFRS is as follows:

For the period ended March 31, 2026	Operation in Chile			Operation in Argentina			Operation in Brazil			Operation in Paraguay			Inter-segment eliminations			Consolidated total
	ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Net sales		352,027,238			224,245,861			257,697,994			91,976,933			(1,685,065	)		924,262,961
Cost of sales		(227,573,917	)		(116,073,232	)		(150,816,564	)		(52,444,775	)		1,685,065			(545,223,423	)
Distribution costs		(27,859,061	)		(29,906,744	)		(19,271,838	)		(5,207,409	)		-			(82,245,052	)
Administrative expenses		(56,684,372	)		(42,863,895	)		(36,870,136	)		(11,404,640	)		-			(147,823,043	)
Financial income		2,273,141			810,376			2,411,701			334,621			-			5,829,839
Financial costs		(8,606,886	)		(811,244	)		(6,970,047	)		-			-			(16,388,177	)
Share of entity in income of associates accounted for using the equity method, total		(365,805	)		-			1,351,467			-			-			985,662
Income tax expense		(9,241,665	)		(12,089,560	)		(14,789,107	)		(2,651,996	)		-			(38,772,328	)
Other income (expenses)		4,347,614			(1,091,799	)		(3,622,094	)		98,564			-			(267,715	)
Net income reported by segment		28,316,287			22,219,763			29,121,376			20,701,298			-			100,358,724

Depreciation and amortization		16,203,529			12,205,621			12,184,667			4,450,006			-			45,043,823

Current assets		543,824,919			147,033,099			260,472,693			105,048,952			-			1,056,379,663
Non-current assets		898,879,651			372,388,874			859,349,890			352,496,791			-			2,483,115,206
Total assets by segment		1,442,704,570			519,421,973			1,119,822,583			457,545,743			-			3,539,494,869

Carrying amount in associates accounted for using the equity method, total		45,677,611			-			46,111,487			-			-			91,789,098

Purchase of property, plant and equipment		(21,141,067	)		(10,909,473	)		(18,174,237	)		(3,738,118	)		-			(53,962,895	)

Current Liabilities		194,147,165			106,343,310			278,790,828			54,262,325			-			633,543,628
Non-current liabilities		894,997,833			44,351,998			538,153,371			21,910,091			-			1,499,413,293
Total Liabilities by Segment		1,089,144,998			150,695,308			816,944,199			76,172,416			-			2,132,956,921

Cash flows from (used in) operating activities		37,061,668			13,250,225			15,059,645			24,005,291			-			89,376,829
Cash flows from (used in) investing activities		(21,071,700	)		(15,185,080	)		(18,174,237	)		(3,738,118	)		-			(58,169,135	)
Cash flows from (used in) financing activities		(7,780,137	)		(737,780	)		(769,045	)		-			-			(9,286,962	)

For the period ended March 31, 2025	Operation in Chile			Operation in Argentina			Operation in Brazil			Operation in Paraguay			Inter-segment eliminations			Consolidated total
	ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Net sales		341,739,852			236,094,644			235,259,777			77,384,924			(2,300,310	)		888,178,887
Cost of sales		(224,324,851	)		(123,277,604	)		(141,956,903	)		(43,001,169	)		2,382,810			(530,177,717	)
Distribution costs		(27,460,084	)		(32,254,331	)		(18,439,120	)		(4,128,806	)		-			(82,282,341	)
Administrative expenses		(54,660,762	)		(44,278,961	)		(34,164,550	)		(9,801,227	)		-			(142,905,500	)
Financial income		1,530,129			631,274			1,135,307			426,572			-			3,723,282
Financial costs		(9,515,008	)		(1,288,310	)		(6,645,590	)		-			-			(17,448,908	)
Share of entity in income of associates accounted for using the equity method, total		593,451			-			786,426			-			-			1,379,877
Income tax expense		(7,527,298	)		(13,478,929	)		(12,859,170	)		(2,134,432	)		-			(35,999,829	)
Other income (expenses)		(5,574,381	)		312,256			439,711			35,694			-			(4,786,720	)
Net income reported by segment		14,801,048			22,460,039			23,555,888			18,781,556			82,500			79,681,031

Depreciation and amortization		14,239,030			12,305,586			9,174,895			3,598,876			(82,500	)		39,235,887

Current assets		405,367,473			143,709,664			207,319,461			95,136,432			-			851,533,030
Non-current assets		879,157,606			379,905,492			734,544,653			273,704,168			-			2,267,311,919
Total assets by segment		1,284,525,079			523,615,156			941,864,114			368,840,600			-			3,118,844,949

Carrying amount in associates accounted for using the equity method, total		47,264,009			-			40,781,204			-			-			88,045,213

Purchase of property, plant and equipment		(26,198,482	)		(9,193,486	)		(18,434,140	)		(10,551,060	)		-			(64,377,168	)

Current Liabilities		291,029,060			131,944,262			196,511,381			43,743,710			-			663,228,413
Non-current liabilities		936,651,130			48,331,417			379,257,170			18,415,620			-			1,382,655,337
Total Liabilities by Segment		1,227,680,190			180,275,679			575,768,551			62,159,330			-			2,045,883,750

Cash flows from (used in) operating activities		50,712,541			25,413,088			1,593,530			23,990,208			-			101,709,367
Cash flows from (used in) investing activities		47,145,763			(9,193,486	)		(18,434,140	)		(10,551,060	)		-			8,967,077
Cash flows from (used in) financing activities		(125,915,167	)		(22,102,072	)		(853,951	)		-			-			(148,871,190	)

4 – CASH AND CASH EQUIVALENTS

The composition of cash and cash equivalents is as follows:

By item	03.31.2026		12.31.2025
	ThCh$		ThCh$
Cash on hand		3,012,820		287,408
Bank balances		163,741,871		156,192,975
Other fixed-income instruments		158,912,319		140,059,326
Cash and cash equivalents		325,667,010		296,539,709

Other fixed-income instruments consist primarily of investments in short-term, high-credit-rated instruments, such as time deposits and mutual funds, which are highly liquid, have negligible risk of change in value, and can be readily converted into known amounts of cash.

By currency	03.31.2026		12.31.2025
	ThCh$		ThCh$
USD		8,381,584		21,353,466
EUR		423,288		352,273
ARS		10,119,945		11,629,118
CLP		205,117,610		191,155,122
PYG		54,581,878		24,604,036
BRL		47,042,705		47,445,694
Cash and cash equivalents		325,667,010		296,539,709

5 – OTHER CURRENT AND NON-CURRENT FINANCIAL ASSETS

Other financial assets are made up of the following:

	Current				Non-current
Other financial assets	03.31.2026		12.31.2025		03.31.2026		12.31.2025
	ThCh$		ThCh$		ThCh$		ThCh$
Financial assets (1)		46,345,950		45,317,232		2,885,395		2,903,350
Financial assets at fair value (2)		1,139,740		657,477		135,874,152		142,975,857
Other financial assets (3)		-		-		21,602,097		18,491,729
Total		47,485,690		45,974,709		160,361,644		164,370,936

(1)

Financial instrument that does not meet the definition of cash equivalents pursuant to Note 2.13.

(2)

Market value of hedging instruments. See details in Note 22.

(3)

Correspond to the rights in the Argentinean company Alimentos de Soya S.A., manufacturing company of “AdeS” products, which are framed in the purchase of the "AdeS" brand managed by The Coca-Cola Company at the end of 2016.

6 – OTHER CURRENT AND NON-CURRENT NON-FINANCIAL ASSETS

The composition of other non-financial assets is as follows:

	Current				Non-current
Other non-financial assets	03.31.2026		12.31.2025		03.31.2026		12.31.2025
	ThCh$		ThCh$		ThCh$		ThCh$
Prepaid expenses		17,684,023		9,086,673		914,416		934,715
Tax credit remainder (1) (2)		289,059		109,096		55,294,247		53,015,476
Judicial deposits		-		-		16,917,558		15,149,522
Other (3)		9,143,993		6,790,127		14,001,181		13,813,394
Total		27,117,075		15,985,896		87,127,402		82,913,107

(1)

In November 2006, Rio de Janeiro Refrescos Ltda. ("RJR") filed a court order No. 0021799-23.2006.4.02.5101 seeking recognition of the right to exclude ICMS (Tax on Commerce and Services) from the PIS (Program of Social Integration) and COFINS (Contribution for the Financing of Social Security) calculation base, as well as recognition of the right to obtain reimbursement of amounts unduly collected since November 14, 2001, duly restated using the Selic interest rate. On May 20, 2019, the ruling favoring RJR became final, which allowed the recovery of amounts overpaid from November 14, 2001 to August 2017. It is worth noting that in September 2017, RJR had already obtained a Security Mandate, which granted it the right to exclude, from that date, the ICMS from the PIS and COFINS calculation base.

The company took steps to assess the total amount of the credit at issue for the period of unduly collection of taxes from November 2001 to August 2017, totaling approximately CLP 100,550 million (CLP 92,783 million at December 2021) (BRL 613 million, of which BRL 370 million corresponds to capital and BRL 243 million to interest and monetary restatement. These amounts were recorded as of December 31, 2019 and recovered as of December 31, 2022.

Companhia de Bebidas Ipiranga, acquired in September 2013, also filed a court order n. 0005018-15.2002.4.03.6110 to recognize the same issue as the one previously described for RJR. On September 12, 2019, the ruling favoring Ipiranga became final, allowing the recovery of the amounts overpaid from September 12, 1990 to December 12, 2013 (date on which Ipiranga was acquired by RJR). The Ipiranga credit will be generated in the name of RJR, however pursuant to a contractual clause ("Subscription Agreement for Shares and Exhibits"), which required RJR to transfer any gain resulting from this action to the former shareholders of Ipiranga. The Company performed procedures to assess the total amount of the credit in question for the tax period expired, totaling BRL 162,588 thousand, of which BRL 80,177 thousand correspond to principal and BRL 82,411 thousand correspond to interest and monetary restatement. These amounts were recorded in the year ended December 31, 2020. The payment of income tax is made at the time of liquidation of the credit, with which the respective deferred tax liability of BRL 55,280 thousand was recorded. The value of PIS and Cofins recorded was BRL 7,623 thousand.

At the closing date of these financial statements, the amount to be transferred to the former shareholders of Ipiranga is CLP 25,740,706 or BRL 144,863 thousand (CLP 23,882,114 or BRL 144,863 thousand at December 31, 2025). The liability is included in trade accounts and other accounts payables (Note 18).

(2)

The Company obtained a favorable final judgment in the Federal Proceeding No. 5089101-22.2022.4.02.5101, pending before the 30th Federal Court of Rio de Janeiro, recognizing its right to recover the PIS and COFINS credits for payment of an amount higher than the amount owed due to an increase in the basis of calculation (including the amount of a state tax - ICMS-ST). The lawsuit was filed on 11/22/2022 and relates to the credit for the period from 11/22/2017 to 8/26/2024 in the total amount of BRL 200,266,717 (with BRL 144,539,175 corresponding to principal and BRL 55,727,543 corresponding to the monetary adjustment for the Selic rate until 12/31/2024). The total amount of the credit recorded, net of taxes and fees, is CLP 24,951,904 or BRL 155,058 thousand. The Company will initiate procedures before the Receita Federal of Brazil to validate this credit and begin offsetting the federal tax liability.

(3)

Other non-financial assets consist mainly of advances to suppliers.

7 – TRADE ACCOUNTS AND OTHER ACCOUNTS RECEIVABLE

The composition of trade and other receivables is as follows:

	Current				Non-current
Trade debtors and other accounts receivable, net	03.31.2026		12.31.2025		03.31.2026		12.31.2025
	ThCh$		ThCh$		ThCh$		ThCh$
Trade accounts receivable		241,766,371		287,812,236		109,013		132,362
Other debtors		45,046,804		45,776,284		36,880		39,557
Other accounts receivable		5,285,249		6,189,978		65,360		15,725
Total		292,098,424		339,778,498		211,253		187,644

	Current				Non-current
Trade and other receivables, gross	03.31.2026		12.31.2025		03.31.2026		12.31.2025
	ThCh$		ThCh$		ThCh$		ThCh$
Trade debtors		246,956,086		292,740,521		109,013		132,362
Other debtors		45,422,109		46,151,589		36,880		39,557
Other accounts receivable		5,567,318		6,470,828		44,707		15,725
Total		297,945,513		345,362,938		190,600		187,644

The stratification of the portfolio for current and non-current trade accounts receivable, without impairment impact, is as follows:

	03.31.2026		12.31.2025
	ThCh$		ThCh$
Less than one month old		238,121,690		285,825,868
Between one and three months old		1,431,442		300,575
Between three and six months old		519,556		724,075
Between six and eight months old		6,651,754		5,669,012
Over eight months old		340,657		353,353
Total		247,065,099		292,872,883

The Company has approximately 275,567 customers, who may have balances in the different segments of the stratification. The number of customers is distributed geographically with 72,694 in Chile, 84,145 in Brazil, 66,306 in Argentina, and 52,422 in Paraguay.

The provision for expected credit losses associated with each segment of the current and non-current trade receivables portfolio is as follows:

	03.31.2026
	Credit amount ThCh$		Impairment provision ThCh$			Percentage %
Less than one month old		238,121,690		(971,379	)		0.41	%
Between one and three months old		1,431,442		(303,096	)		21.17	%
Between three and six months old		519,556		(349,816	)		67.33	%
Between six and eight months old		6,651,754		(3,272,075	)		49.19	%
Over eight months old		340,657		(293,349	)		86.11	%
Total		247,065,099		(5,189,715	)

	12.31.2025
	Credit amount ThCh$		Impairment provision ThCh$			Percentage %
Less than one month old		283,967,276		(965,427	)		0.34	%
Between one and three months old		2,159,167		(592,660	)		27.45	%
Between three and six months old		724,075		(454,199	)		62.73	%
Between six and eight months old		5,669,012		(2,590,039	)		45.69	%
Over eight months old		353,353		(325,960	)		92.25	%
Total		292,872,883		(4,928,285	)

The movement in the allowance for expected credit losses is presented below:

	03.31.2026			12.31.2025
	ThCh$			ThCh$
Opening balance		4,928,285			4,412,999
Increase (decrease)		212,780			1,135,744
Reversal of provision		(63,745	)		(569,535	)
Increase (decrease) due to foreign currency changes		112,395			(50,923	)
Subtotal movements		261,430			515,286
Final balance		5,189,715			4,928,285

The provision for expected credit losses is recorded under administrative expenses in the income statement by function.

8 – INVENTORIES

The composition of inventory balances is as follows:

Description	03.31.2026			12.31.2025
	ThCh$			ThCh$
Raw materials (1)		145,092,540			127,485,242
Finished products		136,855,293			128,636,733
Spare parts and other production supplies		42,431,253			39,602,883
Work in progress		356,651			266,951
Other Inventories		14,540,648			13,085,031
Obsolescence provision (2)		(5,001,638	)		(4,526,231	)
Total		334,274,747			304,550,609

The cost of inventories recognized as cost of sales as of March 31, 2026 and 2025 amounts to ThCh$ 436,335,494 and ThCh$ 436,761,290, respectively.

(1)

Approximately 80% consists of concentrate and sweeteners used in the preparation of beverages, as well as caps and PET supplies used in product packaging.

(2)

The obsolescence provision relates mainly to the obsolescence of spare parts classified as inventory and, to a lesser extent, finished products and raw materials. The general rule is to provision all multifunctional spare parts with no turnover in the last four years prior to the technical analysis to adjust the provision. In the case of raw materials and finished products, the obsolescence provision is determined according to their expiration date.

9 – TAX ASSETS AND LIABILITIES

The composition of current tax accounts receivable is the following:

Tax Assets	03.31.2026		12.31.2025
		ThCh$		ThCh$
Provisional monthly payments		252,278		1,569,017
Tax credits		15,362,036		11,402,508
Taxes recoverable from previous years		1,366,981		18,068
Tax credit surplus		1,975,429		1,934,580
Other taxes recoverable		6,921		-
Total		18,963,645		14,924,173

The composition of current tax accounts payable is the following:

	Current
Tax liabilities	03.31.2026		12.31.2025
		ThCh$		ThCh$
Income tax		31,715,518		14,207,862
Other		271,690		-
Total		31,987,208		14,207,862

10 – INCOME TAX, DEFERRED TAXES, AND OTHER TAXES

10.1 Income tax expense

The breakdown of income tax expense and deferred taxes is as follows:

Detail	03.31.2026			March 31, 2025
	ThCh$			ThCh$
Current tax expense		(32,862,770	)		(27,560,203	)
Tax expense from withholding taxes on foreign subsidiaries		-			(172,291	)
Current tax expense		(32,862,770	)		(27,732,494	)
Expenses (income) from the creation and reversal of temporary differences for deferred taxes and other items		(5,909,558	)		(8,267,335	)
Expenses (income) from deferred taxes		(5,909,558	)		(8,267,335	)
Income tax expense		(38,772,328	)		(35,999,829

The distribution of national and foreign tax expense is as follows:

Income taxes	03.31.2026			03.31.2025
		ThCh$			ThCh$
Current taxes
Foreign		(26,598,018	)		(21,137,670	)
Domestic		(6,264,752	)		(6,594,824	)
Current tax expense		(32,862,770	)		(27,732,494	)
Deferred taxes
Foreign		(2,932,643	)		(7,334,861	)
Local		(2,976,915	)		(932,474	)
Deferred tax expense		(5,909,558	)		(8,267,335	)
Income tax expense		(38,772,328	)		(35,999,829	)

The reconciliation of tax expense using the statutory rate with tax expense using the effective rate is as follows:

Reconciliation of effective tax rate	03.31.2026			03.31.2025
	ThCh$			ThCh$
Income before taxes		139,131,052			115,680,860
Income tax expense using the statutory rate (27.0%)		(37,746,967	)		(31,233,832
Effect of tax rates in other jurisdictions		(332,423	)		(1,868,454	)
Permanent differences:
Expense for withholding tax on foreign dividends and other non-taxable income		361,793			(112,353	)
Non-tax-deductible expenses		(1,371,896	)		(907,327	)
Effect of tax-related monetary correction for Chilean corporations		(161,608	)		(1,303,848	)
Other charges and credits for withholding taxes on foreign subsidiaries		478,773			(574,015	)
Adjustments to income tax expense		(692,938	)		(2,897,543	)
Income tax expense using the effective tax rate		(38,772,328	)		(35,999,829	)
Effective tax rate		27.9	%		31.1	%

The income tax rates applicable in each of the jurisdictions where the Company operates are as follows:

	Rates
Country	2026			2025
Chile		27.00	%		27.00	%
Brazil		34.00	%		34.00	%
Argentina		35.00	%		35.00	%
Paraguay		10.00	%		10.00	%

10.2 Deferred taxes

The net cumulative balances of temporary differences resulted in deferred tax assets and liabilities, which are detailed as follows:

	03.31.2026				12.31.2025
Temporary differences	Assets		Liabilities		Assets		Liabilities
	ThCh$		ThCh$		ThCh$		ThCh$
Property, plant, and equipment	2,450,645		(61,751,174	)	2,321,972		(58,716,442	)
Obsolescence allowance	1,536,630		-		1,471,678		-
ICMS Exclusion Credit	-		(8,180,292	)	-		(8,715,853	)
Employee Benefits	3,361,785		-		7,334,254		-
Provision for severance pay	3,259,118		-		3,016,001		-
Tax losses (1)	4,098,669		-		4,079,365		-
Tax goodwill in Brazil (2)			(15,478,888	)	-		(14,360,929	)
Provision for contingencies	30,069,774		-		27,609,103		-
Foreign exchange difference (3)			(4,157,400	)	-		(1,837,609	)
Allowance for doubtful accounts	1,183,174		-		1,136,600		-
Coca-Cola Incentives (Argentina)	262,327		-		366,718		-
Assets and liabilities arising from the issuance of bonds			(452,644	)	-		(464,794	)
Financial Expense			(2,368,490	)	-		(2,403,056	)
Lease liabilities	2,671,502		-		2,819,956		-
Inventories	957,337		-		1,447,980		-
Distribution rights (4)	-		(163,238,619	)	-		(158,144,238	)
Prepaid revenue	1,571,354		-		1,629,993		-
Spare parts	-		(11,386,873	)	-		(9,711,255	)
Intangibles	89,731		(9,623,502	)	89,070		(8,311,742	)
Others	3,983,164		(5,595,687	)	3,779,770		(4,320,995	)
Subtotal	55,495,210		(282,233,569	)	57,102,460		(266,986,913	)
Offsetting of deferred tax assets/(liabilities)	(46,789,815	)	46,789,815		(48,313,602	)	48,313,602
Total net assets and liabilities	8,705,395		(235,443,754	)	8,788,858		(218,673,311	)

(1)	Tax losses mainly associated with entities in Chile. Tax losses in Chile have no expiration date.
(2)	Difference due to the tax amortization of goodwill in Brazil.
(3)	Corresponds to deferred taxes for exchange rate differences generated on the translation of debts expressed in foreign currency in the mainly in the subsidiaries Embotelladora del Atlántico S.A. and Rio de Janeiro Refrescos Ltda.
(4)	Distribution rights arising from business combinations. See Note 15.

The movements in deferred tax accounts are as follows:

Movement	03.31.2026			12.31.2025
	ThCh$			ThCh$
Opening balance		(209,884,453	)		(217,886,336	)
Increase (decrease) due to deferred taxes		(8,788,806	)		(9,212,483	)
Increase (decrease) due to foreign currency fluctuations (*)		(8,065,100	)		17,214,366
Total movements		(16,853,906	)		8,001,883
Final balance		(226,738,359	)		(209,884,453	)

(*) Includes the effect of IAS 29 due to inflation in Argentina.

11 – PROPERTY, PLANT, AND EQUIPMENT

The breakdown of property, plant, and equipment at the end of each period is as follows:

Property, plant, and equipment, gross	03.31.2026		12.31.2025
	ThCh$		ThCh$
Construction in progress		56,371,124		71,046,048
Land		169,054,552		169,299,053
Buildings		507,367,638		462,387,416
Plant and equipment		1,058,382,797		979,677,819
Information technology equipment		46,120,719		42,776,522
Fixed installations and accessories		72,591,337		61,907,492
Vehicles		107,194,862		100,693,925
Leasehold improvements		524,369		456,829
Right of use		117,497,262		110,230,009
Other property, plant, and equipment (1)		593,634,510		538,439,121
Total Gross Property, Plant, and Equipment		2,728,739,170		2,536,914,234

Accumulated depreciation of Property, plant, and equipment	03.31.2026			12.31.2025
	ThCh$			ThCh$
Buildings		(170,904,926	)		(158,944,387	)
Plant and equipment		(670,405,037	)		(613,239,881	)
Information technology equipment		(33,911,697	)		(31,367,812	)
Fixed installations and accessories		(44,166,971	)		(38,045,449	)
Vehicles		(67,247,851	)		(61,118,362	)
Leasehold improvements		(396,922	)		(421,224	)
Right-of-use		(84,501,333	)		(78,840,844	)
Other property, plant, and equipment (1)		(422,088,355	)		(375,551,016	)
Total accumulated depreciation		(1,493,623,092	)		(1,357,528,975	)
Total net property, plant, and equipment		1,235,116,078			1,179,385,259

(1)

The net balance of each of these categories is presented below:

Other property, plant, and equipment, net	03.31.2026		12.31.2025
	ThCh$		ThCh$
Containers		52,350,890		49,435,791
Promotional and marketing assets (market assets)		79,390,371		79,493,295
Other property, plant, and equipment		39,804,894		33,959,019
Total		171,546,155		162,888,105

11.1

Movements

The details of the movements in Property, plant, and equipment are as follows:

	Construction in progress			Land			Buildings, net			Plant and equipment, net			IT equipment, net			Fixed installations and fixtures, net			Vehicles, net			Leasehold improvements, net			Other			Right of use assets, net (1)			Property, plant, and equipment, net
	ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Opening balance at 01.01.2026		71,046,048			169,299,053			303,443,029			366,437,938			11,408,710			23,862,043			39,575,563			35,605			162,888,105			31,389,165			1,179,385,259
Additions		17,097,458			0			7,839			1,862,063			405,195			-			39,589			-			14,151,370			-			33,563,514
Additions to right-of-use assets		-			-			-			-			-			-			-			-			-			2,771,112			2,771,112
Expropriations		-			(1,411,489	)		(12,415	)		(10,519	)		(19,138	)		-			(99,323	)		-			(624,752	)		(363	)		(2,177,999	)
Transfers between property, plant, and equipment accounts		(35,504,639	)		(6,607,979	)		17,903,869			16,298,188			622,533			3,026,081			635,981			97,776			3,249,822			(93,524	)		(371,892	)
Transfers of rights of use		-			-			-			-			-			-			-			-			-			-			-
Depreciation expense		-			-			(4,353,049	)		(14,897,314	)		(1,117,135	)		(982,787	)		(1,904,184	)		(13,323	)		(14,867,475	)		-			(38,135,267	)
Amortization		-			-			-			-			-			-			-			-			-			(3,887,231	)		(3,887,231	)
Increase (decrease) in foreign currency exchange (2)		5,471,576			8,038,120			19,473,439			20,153,706			909,328			2,519,029			1,699,385			7,389			13,968,960			2,723,264			74,964,196
Other increases (decreases)		(1,739,319	)		(263,153	)		-			(1,866,302	)		(471	)		-			-			-			(7,219,875	)		93,518			(10,995,614	)
Total movements		(14,674,924	)		(244,501	)		33,019,683			21,539,822			800,312			4,562,323			371,448			91,842			8,658,050			1,606,764			55,730,819
Ending balance at 03.31.2026		56,371,124			169,054,552			336,462,712			387,977,760			12,209,022			28,424,366			39,947,011			127,447			171,546,155			32,995,929			1,235,116,078

(1)

Assets for rights of use are composed as follows:

Right-of-use	Gross assets		Accumulated Depreciation			Net assets
	ThCh$		ThCh$			ThCh$
Construction and buildings		28,503,670		(16,289,809	)		12,213,861
Plant and equipment		60,738,914		(47,085,491	)		13,653,423
Information Technology Equipment		1,428,989		(841,848	)		587,141
Motor vehicles		21,358,362		(14,836,360	)		6,522,002
Other		5,467,327		(5,447,825	)		19,502
Total		117,497,262		(84,501,333	)		32,995,929

Interest expense on lease liabilities at March 31, 2026 amounts to ThCh$ 1,758,266

(2)

Includes the effect of applying IAS 29 in Argentina.

	Construction in progress			Land			Buildings, net			Plant and equipment, net			IT equipment, net			Fixed installations and fixtures, net			Vehicles, net			Leasehold improvements, net			Other			Right-of-use assets, net (1)			Property, plant, and equipment, net
	ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Opening balance at 01.01.2025		128,215,798			123,895,947			282,725,078			278,535,376			10,659,603			27,740,533			35,229,063			84,036			175,569,044			35,119,094			1,097,773,572
Additions		153,726,539			6,833,918			1,937,584			34,166,824			1,821,997			228,399			5,346,923			3,979			57,682,883			112,162			261,861,208
Additions Rights of use		-			-			-			-			-			-			-			-			-			14,866,967			14,866,967
Expropriations		-			(1,304,279	)		(180,482	)		(18,737	)		(332,071	)		(1,129	)		(507,330	)		(77,551	)		(2,613,192	)		(1,492,609	)		(6,527,380	)
Transfers between property, plant and equipment items		(212,563,731	)		42,192,551			39,191,443			106,172,216			3,249,288			2,064,175			6,584,016			14,303			12,460,788			634,951			-
Transfers of rights of use		-			-			-			-			-			-			-			-			-						-
Depreciation expense		-			-			(12,198,794	)		(43,527,400	)		(3,866,130	)		(3,178,635	)		(7,075,795	)		(29,917	)		(63,936,295	)					(133,812,966	)
Amortization																													(15,610,664	)		(15,610,664	)
Increase (decrease) in foreign currency exchange (2)		2,574,353			(2,319,084	)		(7,956,750	)		(5,999,481	)		(258,483	)		(2,991,300	)		(75,085	)		1,483			(11,247,906	)		(2,085,870	)		(30,358,123	)
Other increases (decreases)		(906,911	)		-			(75,050	)		(2,890,860	)		134,506			-			73,771			39,272			(5,027,217	)		(154,866	)		(8,807,355	)
Total movements		(57,169,750	)		45,403,106			20,717,951			87,902,562			749,107			(3,878,490	)		4,346,500			(48,431	)		(12,680,939	)		(3,729,929	)		81,611,687
Ending balance at 12.31.2025		71,046,048			169,299,053			303,443,029			366,437,938			11,408,710			23,862,043			39,575,563			35,605			162,888,105			31,389,165			1,179,385,259

(1)

Assets for rights of use are composed as follows:

Right-of-use	Gross asset		Accumulated depreciation			Net asset
	ThCh$		ThCh$			ThCh$
Construction and buildings		26,649,116		(15,136,605	)		11,512,511
Plant and equipment		57,140,853		(43,275,289	)		13,865,564
Information Technology Equipment		1,276,895		(688,920	)		587,975
Motor vehicles		20,037,359		(14,633,305	)		5,404,054
Other		5,125,786		(5,106,725	)		19,061
Total		110,230,009		(78,840,844	)		31,389,165

Interest expense on lease liabilities at December 31, 2025 period amounts to ThCh$ 2,817,626

(2)

Includes the effect of applying IAS 29 in Argentina

12 – RELATED PARTIES

The balances and main transactions with related parties are as follows:

12.1

Accounts receivable:

					03.31.2026		12.31.2025
Tax ID No	Company	Relationship	Country	Currency	Current	Non-current	Current	Non-current
					ThCh$	ThCh$	ThCh$	ThCh$
96.891.720-K	Embonor S.A.	Related to shareholders	Chile	CLP	5,222,928	-	6,035,391	-
77.526.480-2	Comercializadora Nova Verde S.A.	Common shareholder	Chile	CLP	1,680,675	-	3,307,047	-
Foreign	Sorocaba Soft Drinks	Related to shareholders	Brazil	BRL	1,012,276	-	1,040,634	-
76.140.057-6	Monster Energy Company - CHILE	Associate	Chile	CLP	327,033	-	4,100,327	-
86.881.400-4	Envases CMF S.A.	Associate	Chile	CLP	1,664,735	-	325,590	-
96.517.210-2	Embotelladora Iquique S.A.	Related to shareholders	Chile	CLP	377,723	-	234,850	-
96.714.870-9	Coca-Cola de Chile S.A.	Shareholder	Chile	CLP	-	103,915	-	113,897
76.572.588-7	Coca-Cola del Valle New Ventures, Inc.	Associate	Chile	CLP	14,331	-	28,099	-
Foreign	The Coca-Cola Export Corporation	Related to shareholders	Panama	USD	473,371	-	227,249	-
Foreign	Recofarma do Industrias Amazonas Ltda.	Related to shareholders	Brazil	BRL	-	5,962,299	-	7,887,027
Total					10,773,072	6,066,214	15,299,187	8,000,924

12.2

Accounts payable:

					03.31.2026		12.31.2025
Tax ID No	Company	Relationship	Country	Currency	Current	Non-current	Current	Non-current
					ThCh$	ThCh$	ThCh$	ThCh$
Foreign	Recofarma do Industrias Amazonas Ltda.	Related to shareholders	Brazil	BRL	33,381,907	-	42,154,575	-
96.714.870-9	Coca-Cola de Chile S.A.	Shareholder	Chile	CLP	29,767,995	-	24,722,659	-
Foreign	Ser. y Prod. para Bebidas Refrescantes S.R.L.	Shareholder	Argentina	ARS	9,619,534	-	7,650,174	-
86.881.400-4	Envases CMF S.A.	Associate	Chile	CLP	9,458,061	-	6,846,917	-
Foreign	Coca-Cola Company	Shareholder	Paraguay	PYG	8,200,680	-	5,313,923	-
Foreign	Monster Energy Company Chile LTDA	Related to shareholders	Chile	CLP	11,438,311	-	10,014,011	-
77.526.480-2	Comercializadora Nova Verde	Common shareholder	Chile	CLP	1,302,332	-	2,076,467	-
Foreign	Monster Energy Brasil Com de Bebidas Ltda.	Related to shareholders	Brazil	BRL	7,467,975	-	1,035,480	-
76.572.588-7	Coca Cola del Valle New Ventures S.A.	Associate	Chile	CLP	285,759	-	569,282	-
96.891.720-K	Embonor S.A.	Related to shareholders	Chile	CLP	400,514	-	400,514	-
Foreign	Leão Alimentos e Bebidas Ltda.	Associate	Brazil	BRL	95,361	-	86,331	-
Foreign	The Coca-Cola Export Corporation	Related to shareholders	Panama	USD	628,979	-	24,836	-
Foreign	Monster Energy Company – USA	Shareholder-related	USA	USD	-	-	117,130	-
Foreign	Alimentos de Soja S.A.U.	Related to shareholders	Argentina	ARS	4,481	-	4,383	-
Foreign	Circular PET	Regarding shareholders	Argentina	ARS	838,633	-	1,085,871	-
Total					112,890,522	-	102,102,553	-

12.3

Transactions:

Tax ID No

Company

Relationship

Country

Transaction Description

Currency

Cumulative as
of 03.31.2026

Accumulated
as of
12.31.2025

ThCh$

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Purchase of concentrate

CLP

49,732,948

213,851,424

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Purchases of advertising and other services

CLP

7,469,678

13,320,924

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Water source lease

CLP

2,816,644

7,679,375

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Sale of raw materials and other

CLP

1,517,871

4,278,747

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Minimum dividend

CLP

37,089

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchase of containers

CLP

9,732,008

30,038,122

86.881.400-4

CMF S.A. Packaging

Associate

Chile

Purchase of raw materials

CLP

8,700,232

30,703,543

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchases of services and other

CLP

538,202

486,300

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchase of containers

CLP

3,012,632

12,011,983

86.881.400-4

Envases CMF S.A.

Associate

Chile

Sales of packaging/raw materials

CLP

6,650,497

16,715,662

93.281.000-K

Coca Cola Embonor S.A.

Common shareholder

Chile

Sale of finished products

CLP

21,891,907

87,478,527

93.281.000-K

Coca Cola Embonor S.A.

Common shareholder

Chile

Sale of services and other

CLP

96,432

238,660

93.281.000-K

Coca Cola Embonor S.A.

Common shareholder

Chile

Sale of raw materials and supplies

CLP

4,605

1,908

96.891.720-K

Embonor S.A.

Related to shareholders

Chile

Minimum dividend

CLP

344,545

400,514

96.517.310-2

Embotelladora Iquique S.A.

Related to shareholders

Chile

Sales of finished products

CLP

1,271,768

5,988,320

89.996.200-1

Envases del Pacífico S.A.

Related to director

Chile

Purchases raw materials and supplies

CLP

3,433

94.627.000-8

Parque Arauco S.A

Related to director

Chile

Leasie of space

CLP

161,794

156,419

Foreign

Recofarma do Industrias Amazonas Ltda.

Related to shareholders

Brazil

Purchase of concentrate

BRL

50,530,904

180,971,905

Foreign

Recofarma do Industrias Amazonas Ltda.

Related to shareholders

Brazil

Water source lease

BRL

678,376

2,203,663

Foreign

Serv. y Prod. para Bebidas Refrescantes S.R.L.

Related to shareholders

Argentina

Purchase of concentrate

ARS

24,984,612

96,292,733

Foreign

KAIK Participações

Associate

Brazil

Reimbursements and other purchases

BRL

9,627

18,332

Foreign

Leao Alimentos e Bebidas Ltda.

Associate

Brazil

Purchase of products

BRL

307,426

1,198,082

Foreign

Sorocaba Refrescos S.A.

Associate

Brazil

Product purchase

BRL

1,047,813

2,572,446

76.572.588-7

Coca Cola Del Valle New Ventures SA

Associate

Chile

Sale of services and other

CLP

17,395

68,300

76.572.588-7

Coca-Cola Del Valle New Ventures, S.A.

Associate

Chile

Purchase of services and other

CLP

719,277

6,628,720

Foreign

Alimentos de Soja S.A.U.

Related to shareholders

Argentina

Purchase of products

ARS

85,519

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Sale of raw materials

CLP

49,285

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Sale of finished products

CLP

2,867,899

15,722,283

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Sales, Service, and Other

CLP

89,829

1,756,230

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Purchase of finished products

CLP

5,654,301

290,717

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Advertising and other services

CLP

340,441

4,669,640

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Maintenance of cold equipment

CLP

83,646

297,694

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Purchase of raw materials

CLP

104,372

319,620

97.036.000-K

Banco Santander Chile.

Director/Manager/Executive

Chile

Purchase of services

CLP

25,352

Foreign

Monster Energy Brasil Beverage Trading Ltd.

Associate

Brazil

Purchase of Products

BRL

1,242,396

3,661,249

33-0520613

Monster Energy Company - USA

Associate

United States

Purchase of advertising materials

CLP

49,073

266,407

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Sale of advertising and other services

CLP

942,531

4,115,170

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Purchase of advertising and other services

CLP

102,329

133,920

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Purchase of finished products

CLP

18,215,137

37,964,829

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Sale of finished products

CLP

4,053,777

14,159,245

Foreign

The Coca-Cola Export Corporation Panama

Related to shareholders

Chile

Purchase of products and other

CLP

1,259,682

6,294,079

Foreign

The Coca-Cola Export Corporation Panama

Related to shareholders

Chile

Sale of finished products

CLP

744,974

2,699,495

Foreign

Circular PET S.A.

Related to shareholders

Paraguay

Purchase of raw materials and other

PYG

255,166

5,060,587

Foreign

PET S.A. Circular

Regarding Shareholders

Paraguay

Sale of finished products

PYG

152,673

97018000-1

Scotiabank Chile

Related to Director

Chile

Purchase of services - Bank charges

CLP

10,707

36,802

12.4

Salaries and benefits received by key management

Salaries and benefits paid to the Company’s key management personnel including directors and managers are detailed as follows:

Description	03.31.2026		March 31, 2025
		ThCh$		ThCh$
Executive salaries, wages, and benefits		9,372,108		9,048,118
Directors' allowance		497,070		469,950
Total		9,869,178		9,518,068

13 – CURRENT AND NON-CURRENT EMPLOYEE BENEFITS

The composition of employee benefits is as follows:

Description	03.31.2026		12.31.2025
	ThCh$		ThCh$
Vacation allowance		29,774,114		30,398,649
Participation in profits and bonuses		10,918,956		40,149,627
Severance indemnity		22,840,273		20,938,989
Total		63,533,343		91,487,265

		ThCh$		ThCh$
Current		40,977,203		68,363,971
Non-current		22,556,140		23,123,294
Total		63,533,343		91,487,265

13.1

Severance indemnities

The movements in employee benefits, valued in accordance with note 2, are as follows:

Movements	03.31.2026			12.31.2025
	ThCh$			ThCh$
Opening balance		20,938,989			17,976,164
Costs for services		283,489			1,022,593
Interest expenses		236,422			824,574
Actuarial variations		1,727,542			2,181,453
Benefits paid		(346,169	)		(1,065,795	)
Total		22,840,273			20,938,989

13.1.1

Assumptions

The actuarial assumptions used are as follows:

Assumptions	03.31.2026			12.31.2025
Discount rate		2.30	%		2.30	%
Expected wage increase rate		2.0	%		2.0	%
Turnover rate		5.23	%		5.23	%
Mortality rate		RV-2020			RV-2020
Retirement age for women		60 years			60 years
Retirement age for men		65 years			65 years

13.2

Employee expenses

Employee expenses included in the consolidated income statement are as follows:

Description	03.31.2026		03.31.2025
	ThCh$		ThCh$
Wages and salaries		106,675,506		90,802,818
Employee benefits		24,738,421		22,410,456
Severance benefits		1,818,674		1,623,646
Other personnel expenses		8,267,892		7,510,354
Total		141,500,493		122,347,274

14 – INVESTMENTS IN ASSOCIATES ACCOUNTED FOR USING THE EQUITY METHOD

14.1

Description

Investments in other entities are accounted for using the equity method. Description of investments in other entities are as follows:

			Currency	Investment Value				Ownership interest
Tax ID	Name	Country	functional	03.31.2026		12.31.2025		03.31.2026			12.31.2025
86.881.400-4	Envases CMF S.A. (1)	Chile	CLP		22,424,242		21,528,332		50.00	%		50.00	%
Foreign	Leão Alimentos e Bebidas Ltda. (2)	Brazil	BRL		13,582,495		12,300,684		10.26	%		10.26	%
Foreign	Kaik Participações Ltda. (2)	Brazil	BRL		524,741		477,422		11.32	%		11.32	%
Foreign	SRSA Participações Ltda.	Brazil	BRL		56,619		52,747		40.00	%		40.00	%
Foreign	Sorocaba Refrescos S.A.	Brazil	BRL		31,947,474		28,615,001		40.00	%		40.00	%
76.572.588.7	Coca-Cola del Valle New Ventures S.A.	Chile	CLP		23,253,527		24,113,685		35.00	%		35.00	%
Total					91,789,098		87,087,871

(1)

In Envases CMF S.A., regardless of the ownership interest, it was determined that no controlling interest was held, only a significant influence, given that there was not a majority vote of the Board of Directors to make strategic business decisions.

(2)

In these companies, regardless of the ownership interest, it has been defined that the Company has significant influence, given that it has the right to appoint directors.

Envases CMF S.A.

Chilean entity whose corporate purpose is to manufacture and sell plastic material products and beverage bottling and packaging services. The business relationship is to supply plastic bottles, preforms and caps to Coca-Cola bottlers in Chile.

Leão Alimentos e Bebidas Ltda.

Brazilian entity whose corporate purpose is to manufacture and commercialize food, beverages in general and beverage concentrates in addition to investing in other companies. The business relationship is to produce non-carbonated products for Coca-Cola bottlers in Brazil.

Kaik Participações Ltda.

Brazilian entity whose corporate purpose is to invest in other companies with its own resources.

SRSA Participações Ltda.

Brazilian entity whose corporate purpose is the purchase and sale of real estate investments and property management, supporting the business of Rio De Janeiro Refrescos Ltda. (Andina Brazil).

Sorocaba Refrescos S.A.

Brazilian entity whose corporate purpose is to manufacture and commercialize food, beverages in general and beverage concentrates, in addition to investing in other companies. It has commercial relationship with Rio de Janeiro Refrescos Ltda. (Andina Brazil).

Trop Frutas do Brasil Ltda.

Brazilian entity whose corporate purpose is to manufacture, commercialize and export natural fruit pulp and coconut water. The business relationship is to produce products for Coca-Cola bottlers in Brazil.

Coca-Cola del Valle New Ventures S.A.

Chilean entity whose corporate purpose is to manufacture, distribute and commercialize all kinds of juices, waters and beverages in general. The business relationship is to produce waters and juices for Coca-Cola bottlers in Chile.

14.2

Movements

The movement in investments in other entities accounted for using the equity method is as follows:

Description	03.31.2026		12.31.2025
	ThCh$		ThCh$
Opening balance		87,087,871		85,192,710
Dividends declared		-		(2,494,325	)
Share in operating income		1,387,097		3,558,989
Other Increase (decrease) in investments in associates*		3,314,130		830,497
Final balance		91,789,098		87,087,871

*Mainly due to foreign currency exchange

The main movement in 2025 is attributable to dividends declared by Envases CMF S.A. and Sorocaba Refrescos S.A.

14.3

Reconciliation of share of profit in investments in associates

Description	03.31.2026			03.31.2025
	ThCh$			ThCh$
Equity income from associates		1,387,097			1,630,213
Unrealized earnings from product inventory acquired from associates and not sold at the end of the period, which is presented as a discount in the respective asset account (containers and / or inventory)		(401,435	)		(250,336	)
Balance on income statement		985,662			1,379,877

14.4

Summary information on associates

The tables below reflect the amounts presented in the financial statements of relevant associates and not the Company's share in those amounts.

As of March 31, 2026

	Envases CMF S.A.		Sorocaba Refrescos S.A.			Kaik Participações Ltda.		SRSA Participações Ltda.			Leão Alimentos e Bebidas Ltda.			Coca-Cola del Valle New Ventures, Inc.
	ThCh$		ThCh$			ThCh$		ThCh$			ThCh$			ThCh$
Short-term assets		59,249,292		48,990,977			76,736		24,240			102,005,357			19,853,838
Long-term assets		61,769,509		152,197,689			4,558,911		335,976			41,924,503			60,139,423
Total assets		121,018,801		201,188,666			4,635,647		360,216			143,929,860			79,993,261
Short-term liabilities		57,976,302		35,109,463			-		218,668			14,691,200			4,459,173
Long-term liabilities		18,194,015		101,071,532			-		-			14,508,686			750,146
Total liabilities		76,170,317		136,180,995			-		218,668			29,199,886			5,209,319
Total equity		44,848,484		65,007,671			4,635,647		141,548			114,729,974			74,783,942
Total revenue from ordinary activities		28,734,741		30,986,054			56,983		-			9,365,694			5,821,326
Net income before tax		2,454,548		(11,345,076	)		56,983		(390	)		(1,015,943	)		(446,582	)
Net income after tax		1,791,820		2,306,850			56,983		(390	)		(768,158	)		(479,529	)
Other comprehensive income		-		-			-		-			-
Total comprehensive income		1,791,820		3,108,605			56,983		137,994			(768,158	)		(479,529	)

Reporting date (See Note 2.3)		03.31.2026		02.28.2026			02.28.2026		02.28.2026			02.28.2026			02.28.2026

As of December 31, 2025:

	Envases CMF S.A.		Sorocaba Refrescos S.A.			Kaik Participações Ltda.		SRSA Participações Ltda.			Leão Alimentos e Bebidas Ltda.			Coca-Cola del Valle New Ventures, Inc.
	ThCh$		ThCh$			ThCh$		ThCh$			ThCh$			ThCh$
Short-term assets		72,167,490		50,064,605			-		22,489			96,906,836			17,614,937
Long-term assets		51,832,845		141,566,318			4,217,622		312,253			36,590,434			64,483,616
Total assets		124,000,335		191,630,923			4,217,622		334,742			133,497,270			82,098,553
Short-term liabilities		62,749,655		30,877,411			-		202,875			15,584,247			4,805,485
Long-term liabilities		18,194,015		89,216,055			-		-			14,401,812			51,181
Total liabilities		80,943,670		120,093,466			-		202,875			29,986,059			4,856,666
Total equity		43,056,665		71,537,457			4,217,622		131,867			103,511,211			77,241,887
Total revenue from ordinary activities		98,798,530		64,366,387			295,705		-			91,399,044			32,188,143
Net income before tax		2,722,024		(21,656,078	)		269,415		(1,990	)		15,678,822			(4,606,255	)
Net income after tax		2,132,919		5,278,680			269,415		(1,990	)		11,146,912			(4,686,412	)
Other comprehensive income		-		-			-		-			-			-
Total comprehensive income		2,132,919		14,109,154			269,415		128,570			(95,674,778	)		(4,686,412	)

Reporting date (See Note 2.3)		12.31.2025		11.30.2025			11.30.2025		11.30.2025			11.30.2025			11.30.2025

15 – INTANGIBLE ASSETS OTHER THAN GOODWILL

The breakdown of intangible assets other than goodwill is as follows:

	March 31, 2026							December 31, 2025
	Gross		Accumulated			Net		Gross		Accumulated			Net
Detail	Value		Amortization			Value		Value		Amortization			Value
	ThCh$		ThCh$			ThCh$		ThCh$		ThCh$			ThCh$
Distribution rights (1)		699,199,477		(3,959,421	)		695,240,056		678,725,549		(3,959,421	)		674,766,128
Software		88,637,452		(48,419,928	)		40,217,524		81,995,907		(43,689,632	)		38,306,275
Water rights		587,432		-			587,432		587,432		-			587,432
Trademarks with indefinite useful life (2)		6,219,316		-			6,219,316		5,770,128		-			5,770,128
Trademarks with a defined useful life (3)		1,297,378		(1,269,972	)		27,406		1,297,378		(1,249,433	)		47,945
Other		548,603		(541,601	)		7,002		514,298		(502,486	)		11,812
Total		796,489,658		(54,190,922	)		742,298,736		768,890,692		(49,400,972	)		719,489,720

(1)

Correspond to brands, water rights and distribution rights. Distribution rights are contractual rights to produce and distribute Coca-Cola products in certain parts of Argentina, Brazil, Chile and Paraguay. Distribution rights result from the valuation process at fair value of the assets and liabilities of the companies acquired in business combinations. Production and distribution contracts are renewable for periods of 5 years with Coca-Cola. The nature of the business and renewals that Coca-Cola has permanently done on these rights allow qualifying them as indefinite contracts.

Distribution rights together with the assets that are part of the cash-generating units, are annually subjected to the impairment test. Such distribution rights have an indefinite useful life, and are not subject to amortization. Rights in Chile related to AdeS were provisioned for impairment pursuant to the annual tests performed. See Note 2.8.

(2)

On September 21, 2021 Coca-Cola Andina together with Coca-Cola Femsa, acquired the Brazili

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