INCOME TAX, DEFERRED TAXES, AND OTHER TAXES (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| INCOME TAX, DEFERRED TAXES, AND OTHER TAXES |
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| Schedule of current and deferred income tax expenses |
| | | | | | | Detail | | 12.31.2025 | | 12.31.2024 | | 12.31.2023 | | | ThCh$ | | ThCh$ | | ThCh$ | Current tax expense | | (105,206,863) | | (116,949,330) | | (58,334,583) | Adjustment to current tax for the previous period | | (154,862) | | (649,888) | | (152,481) | Expense for taxes withheld from foreign subsidiaries | | (3,334,078) | | (3,997,308) | | (11,803,842) | Other current tax expenses (income) | | (3,425) | | (46,712) | | (688,765) | Current tax expense | | (108,699,228) | | (121,643,238) | | (70,979,671) | Expenses (income) from the creation and reversal of temporary differences for deferred taxes and other items | | (1,457,699) | | (11,749,408) | | (15,014,636) | Expenses (income) for deferred taxes | | (1,457,699) | | (11,749,408) | | (15,014,636) | Total income tax expense | | (110,156,927) | | (133,392,646) | | (85,994,307) |
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| Schedule of distribution of national and foreign tax expenditure |
| | | | | | | Income taxes | | 12.31.2025 | | 12.31.2024 | | 12.31.2023 | | | ThCh$ | | ThCh$ | | ThCh$ | Current taxes | | | | | | | Foreign | | (74,251,356) | | (83,091,643) | | (44,507,433) | National | | (34,447,872) | | (38,551,595) | | (26,472,238) | Current tax expense | | (108,699,228) | | (121,643,238) | | (70,979,671) | Deferred taxes | | | | | | | Foreign | | (558,594) | | (7,766,337) | | (13,619,606) | National | | (899,105) | | (3,983,071) | | (1,395,030) | Deferred tax expense | | (1,457,699) | | (11,749,408) | | (15,014,636) | Income tax expense | | (110,156,927) | | (133,392,646) | | (85,994,307) |
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| Schedule of reconciliation of the tax expense using the statutory rate with the tax expense using the effective rate |
| | | | | | | | Reconciliation of effective rate | | 12.31.2025 | | 12.31.2024 | | 12.31.2023 | | | | ThCh$ | | ThCh$ | | ThCh$ | | Net income before taxes | | 380,634,342 | | 368,036,771 | | 260,505,794 | | Tax expense at legal rate (27.0%) | | (102,771,272) | | (99,369,928) | | (70,336,564) | | Effect of tax rate in other jurisdictions | | (4,280,535) | | (6,667,967) | | (854,686) | | | | | | | | | | Permanent differences: | | | | | | | | Foreign dividend tax withholding expense and other non-taxable income | | (10,051,619) | | (16,136,709) | | (15,253,682) | | Non-deductible expenses | | (3,208,984) | | (2,729,645) | | (2,585,111) | | Tax effect on excess tax provision in previous periods | | 3,525,571 | | (227,730) | | (188,988) | | Tax effect of price-level restatement for Chilean companies | | (3,443,934) | | (4,711,530) | | (9,929,818) | | Subsidiaries tax withholding expense and other legal tax debits and credits | | 10,073,846 | | (3,549,137) | | 13,154,542 | | Adjustments to tax expense | | (3,105,120) | | (27,354,751) | | (14,803,057) | | Tax expense at effective rate | | (110,156,927) | | (133,392,646) | | (85,994,307) | | Effective rate | | 28.9 | % | 36.2 | % | 33.0 | % |
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| Schedule of income tax rates applicable in each jurisdiction |
| | | | | | | | | | Rates | | Country | | 2025 | | 2024 | | 2023 | | Chile | | 27.00 | % | 27.00 | % | 27.00 | % | Brazil | | 34.00 | % | 34.00 | % | 34.00 | % | Argentina | | 35.00 | % | 35.00 | % | 35.00 | % | Paraguay | | 10.00 | % | 10.00 | % | 10.00 | % |
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| Schedule of the net cumulative balances of temporary differences that give rise to deferred tax assets and liabilities |
| | | | | | | | | | | 12.31.2025 | | 12.31.2024 | Temporary differences | | Assets | | Liabilities | | Assets | | Liabilities | | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | Property, plant and equipment | | 2,321,972 | | (58,716,442) | | 13,207,209 | | (72,828,374) | Obsolescence provision | | 1,471,678 | | — | | 1,462,351 | | — | ICMS exclusion credit | | — | | (8,715,853) | | — | | (8,932,781) | Employee benefits | | 7,334,254 | | — | | 9,193,709 | | — | Provision for severance indemnity | | 3,016,001 | | — | | 3,090,610 | | — | Tax loss carry forwards (1) | | 4,079,365 | | — | | 1,777,503 | | — | Tax goodwill Brazil (2) | | — | | (14,360,929) | | — | | (14,017,580) | Contingency provision | | 27,609,103 | | — | | 27,369,217 | | — | Foreign Exchange differences (3) | | — | | (1,837,609) | | — | | (6,645,768) | Allowance for doubtful accounts | | 1,136,600 | | — | | 977,594 | | — | Coca-Cola incentives (Argentina) | | 366,718 | | — | | 44,298 | | — | Assets and liabilities for placement of bonds | | — | | (464,794) | | — | | (513,394) | Financial expense | | — | | (2,403,056) | | — | | (2,400,025) | Lease liabilities | | 2,819,956 | | — | | 5,321,034 | | — | Inventories | | 1,447,980 | | — | | 2,033,884 | | — | Distribution rights (4) | | — | | (158,144,238) | | — | | (155,203,115) | Prepaid income | | 1,629,993 | | — | | 1,582,847 | | (28,858) | Spare parts | | — | | (9,711,255) | | — | | (10,970,620) | Intangibles | | 89,070 | | (8,311,742) | | 85,915 | | (10,448,709) | Others | | 3,779,770 | | (4,320,995) | | 5,097,825 | | (4,641,624) | Tax inflation adjustment | | — | | — | | — | | (2,499,484) | Subtotal | | 57,102,460 | | (266,986,913) | | 71,243,996 | | (289,130,332) | Offsetting of deferred tax assets/(liabilities) | | (48,313,602) | | 48,313,602 | | (64,162,447) | | 64,162,447 | Total net assets and liabilities | | 8,788,858 | | (218,673,311) | | 7,081,549 | | (224,967,885) |
| (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 subsidiary Embotelladora del Atlántico S.A. |
| (4) | Distribution rights arising from business combinations. See Note 15. |
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| Schedule of movement in deferred income tax accounts |
| | | | | Movement | | 12.31.2025 | | 12.31.2024 | | | ThCh$ | | ThCh$ | Opening balance | | (217,886,336) | | (176,147,045) | Increase (decrease) in deferred tax | | (9,212,483) | | (50,692,808) | Increase (decrease) due to foreign currency translation(*) | | 17,214,366 | | 8,953,517 | Total movements | | 8,001,883 | | (41,739,291) | Final balance | | (209,884,453) | | (217,886,336) |
(*)Includes the effect of IAS 29 due to inflation in Argentina.
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