EQUITY (Tables)

12 Months Ended

Dec. 31, 2025

EQUITY

Schedule of number of shares


		Number of subscribed, paid-in and voting shares
Series		2025		2024
A		473,289,301		473,289,301
B		473,281,303		473,281,303

Schedule of equity


		Paid-in and subscribed capital
Series		2025		2024
		ThCh$		ThCh$
A		135,379,504		135,379,504
B		135,358,070		135,358,070
Total		270,737,574		270,737,574

Schedule of dividends declared and paid


Periods				Characteristic of		Profits allocated		CLP		CLP
Approval-Payment				the dividend		to dividends		Series A		Series B
12.27.2022		01.27.2023		Interim		2022 Earnings		29.00		31.90
04.20.2023		05.09.2023		Final		2022 Earnings		29.00		31.90
04.20.2023		05.26.2023		Final		Retained Earnings		50.00		55.00
07.25.2023		08.25.2023		Interim		2023 Earnings		29.00		31.90
09.27.2023		10.26.2023		Interim		2023 Earnings		29.00		31.90
12.28.2023		01.25.2023		Interim		2023 Earnings		32.00		35.20
04.25.2024		05.23.2024		Final		Accumulated earnings		32.00		35.20
04.25.2024		05.30.2024		Final		Accumulated earnings		30.00		33.00
07.31.2024		08.14.2024		Interim		2024 results		32.00		35.20
09.25.2024		10.25.2024		Interim		2024 results		32.00		35.20
12.19.2024		01.31.2025		Interim		2024 results		141.00		155.10
09.31.2025		10.23.2025		Interim		2025 results		35.00		38.50
11.25.2025		12.18.2025		Interim		2025 results		20.00		22.00

Schedule of other reserves


Item		12.31.2025		12.31.2024		12.31.2023
		ThCh$		ThCh$		ThCh$
Polar acquisition		421,701,520		421,701,520		421,701,520
Foreign currency translation reserves		(681,916,160)		(599,259,259)		(556,832,899)
Cash flow hedge reserve		(25,807,096)		(11,879,833)		(24,064,386)
Reserve for employee benefit actuarial gains or losses		(8,226,140)		(8,087,069)		(6,013,183)
Legal and statutory reserves		5,435,538		5,435,538		5,435,538
Other		6,014,568		6,014,568		6,014,568
Total		(282,797,770)		(186,074,535)		(153,758,842)

Schedule of foreign currency translation reserves


Description		12.31.2025		12.31.2024		12.31.2023
		ThCh$		ThCh$		ThCh$
Brazil		(140,318,584)		(149,362,866)		(106,141,988)
Argentina		(595,379,875)		(481,188,361)		(464,946,783)
Paraguay		53,782,299		31,291,968		14,255,872
Total		(681,916,160)		(599,259,259)		(556,832,899)

Schedule of movement in foreign currency translation reserves


Description		12.31.2025		12.31.2024		12.31.2023
		ThCh$		ThCh$		ThCh$
Brazil		9,044,282		(43,220,877)		34,620,409
Argentina		(114,191,514)		(16,241,578)		(103,957,934)
Paraguay		22,490,331		17,036,095		7,987,992
Total		(82,656,901)		(42,426,360)		(61,349,533)

Schedule of consolidated statements of comprehensive income


		Gross
Balance as of 2025		Balance		Tax		Net Balance
		ThCh$		ThCh$		ThCh$
Cash Flow for hedge (1)		(20,463,976)		6,522,863		(13,941,113)
Exchange rate translation differences (1)		(70,045,566)		31,233,446		(38,812,120)
Benefit related to defined benefit plans		(198,547)		53,608		(144,939)
Total Comprehensive income as of December 31, 2025		(90,708,089)		37,809,917		(52,898,172)


		Gross
Balance as of 2024		Balance		Tax		Net Balance
		ThCh$		ThCh$		ThCh$
Cash Flow for hedge (1)		19,166,716		(6,978,956)		12,187,760
Exchange rate translation differences (1)		(71,165,622)		29,114,514		(42,051,108)
Benefit related to defined benefit plans		(2,865,423)		773,664		(2,091,759)
Total Comprehensive income as of December 31, 2024		(54,864,329)		22,909,222		(31,955,107)


		Gross
Balance as of 2023		Balance		Tax		Net Balance
		ThCh$		ThCh$		ThCh$
Cash Flow for hedge (1)		52,472,352		(14,183,004)		38,289,348
Exchange rate translation differences (1)		(98,844,581)		37,650,601		(61,193,980)
Benefit related to defined benefit plans		2,381,650		(643,045)		1,738,605
Total Comprehensive income as of December 31, 2023		(43,990,579)		22,824,552		(21,166,027)

(1)These concepts will be reclassified to the statements of income when it is settled.

Schedule of movement in comprehensive income


						Benefit related
		Cash Flow		Exchange rate		to defines
As of December 31, 2025:		Hedge		Differences		benefit plans
		ThCh$		ThCh$		ThCh$
Increase (decrease)		(20,704,135)		(70,045,566)		2,650,430
Deferred taxes		6,776,871		31,233,446		(715,616)
Reclassification to the result by function		(13,849)		—		(2,079,753)
Remeasurement of defined benefit plan		—		—		—
Total Changes in Equity		(13,941,113)		(38,812,120)		(144,939)
Equity attributable to owners of the parent		(13,927,263)		(39,294,032)		(139,071)
Non-Controlling interests		(13,850)		481,912		(5,868)
Total Changes in equity as of December 31, 2025		(13,941,113)		(38,812,120)		(144,939)

						Benefit related
		Cash Flow		Exchange rate		to defines
As of December 31, 2024:		Hedge		Differences		benefit plans
		ThCh$		ThCh$		ThCh$
Increase (decrease)		19,232,249		(71,165,622)		(5,256,508)
Deferred taxes		(7,047,696)		29,114,514		1,419,257
Reclassification to the result by function		3,207		—		—
Remeasurement of defined benefit plan		—		—		1,745,492
Total Changes in Equity		12,187,760		(42,051,108)		(2,091,759)
Equity attributable to owners of the parent		12,184,553		(42,426,360)		(2,073,886)
Non-Controlling interests		3,207		375,252		(17,873)
Total Changes in equity as of December 31, 2024		12,187,760		(42,051,108)		(2,091,759)


						Benefit related
		Cash Flow		Exchange rate		to defines
As of December 31, 2023:		Hedge		Differences		benefit plans
		ThCh$		ThCh$		ThCh$
Increase (decrease)		52,393,210		(98,844,581)		6,374,693
Deferred taxes		(14,113,095)		37,650,601		(1,721,167)
Reclassification to the result by function		9,233		—		—
Remeasurement of defined benefit plan		—		—		(2,914,921)
Total Changes in Equity		38,289,348		(61,193,980)		1,738,605
Equity attributable to owners of the parent		38,280,115		(61,349,533)		1,763,133
Non-Controlling interests		9,233		155,553		(24,528)
Total Changes in equity as of December 31, 2023		38,289,348		(61,193,980)		1,738,605

Schedule of non-controlling interests


		Non-controlling Interests
		Ownership %						Shareholders’ Equity						Income
								December		December		December		December		December		December
Details		2025		2024		2023		2025		2024		2023		2025		2024		2023
								ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Embotelladora del Atlántico S.A.		0.0171		0.0171		0.0171		47,191		52,055		23,516		7,445		6,524		4,067
Andina Empaques Argentina S.A.		0.0209		0.0209		0.0209		5,437		5,645		2,735		600		284		(243)
Paraguay Refrescos S.A.		2.1697		2.1697		2.1697		7,542,062		6,674,645		6,421,855		1,464,819		1,293,004		1,023,763
Vital S.A.		35.0000		35.0000		35.0000		10,565,260		10,065,265		9,518,527		487,766		556,347		579,391
Vital Aguas S.A.		33.5000		33.5000		33.5000		5,047,261		4,883,451		2,391,066		186,569		147,033		168,407
Envases Central S.A.		40.7300		40.7300		40.7300		9,081,513		8,286,374		7,491,638		784,346		803,205		758,514
Re-Ciclar S.A.*		40.0000		40.0000		40.0000		6,866,327		8,020,393		8,845,550		(1,151,066)		(825,156)		536,178
Total								39,155,051		37,987,828		34,694,887		1,780,479		1,981,241		3,070,077

Schedule of subsidiaries financial information


				Andina
		Embotelladora		Empaques		Paraguay
		Del Atlantico		Argentina		Refrescos		VJ		Vital Aguas		Envases		Re-Ciclar
		S.A.		S.A.		S.A.		S.A.		S.A.		Central S.A.		S.A.
December 31, 2025		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Total current assets		134,155,411		15,930,758		83,945,032		28,988,379		6,926,463		20,875,213		4,062,515
Total non-current assets		312,305,475		15,229,487		344,981,798		19,343,871		3,259,802		20,736,712		38,275,436
Total current liabilities		131,196,205		4,121,167		60,089,529		16,235,750		4,897,930		18,805,567		11,475,343
Total non-current liabilities		38,521,603		1,037,909		21,234,964		1,910,044		221,884		509,587		13,696,789
Net sales		730,202,964		27,878,066		314,659,686		90,699,202		6,788,850		11,500,355		11,088,971
Net Income		43,661,388		3,244,845		67,511,321		1,393,617		556,922		1,925,717		(2,877,665)


				Andina
		Embotelladora		Empaques		Paraguay
		Del Atlantico		Argentina		Refrescos		VJ		Vital Aguas		Envases		Re-Ciclar
		S.A.		S.A.		S.A.		S.A.		S.A.		Central S.A.		S.A.
December 31, 2024		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Total current assets		161,902,977		14,204,112		85,774,550		28,559,446		7,329,622		25,574,823		4,908,214
Total non-current assets		374,554,073		18,410,878		294,746,275		18,428,555		12,538,543		20,148,227		37,673,531
Total current liabilities		183,500,071		4,213,859		53,232,081		16,484,508		5,130,820		23,353,945		1,503,047
Total non-current liabilities		47,687,552		1,406,730		19,664,352		1,745,594		159,880		2,024,550		1,027,715
Net sales		779,373,515		34,201,434		282,065,004		84,410,998		3,915,820		99,079,582		913,462
Net Income		38,261,377		1,610,079		59,592,621		1,589,562		438,904		1,972,017		(2,070,392)


				Andina
		Embotelladora		Empaques		Paraguay
		Del Atlantico		Argentina		Refrescos		VJ		Vital Aguas		Envases		Re-Ciclar
		S.A.		S.A.		S.A.		S.A.		S.A.		Central S.A.		S.A.
December 31, 2023		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Total current assets		79,240,262		9,149,013		81,710,657		29,670,457		7,064,594		20,446,648		6,613,813
Total non-current assets		186,371,255		9,397,856		277,112,895		19,914,658		5,272,662		21,015,727		26,500,107
Total current liabilities		105,077,757		4,907,443		44,297,696		20,549,744		5,061,919		16,775,490		1,596,354
Total non-current liabilities		22,626,937		561,677		18,552,180		1,839,580		137,827		6,293,557		9,403,691
Net sales		445,970,004		22,146,635		223,840,648		80,683,367		22,338,380		92,778,313		—
Net Income		23,848,440		(1,388,032)		47,183,699		1,655,403		502,706		1,862,293		1,340,445

Schedule of earnings per share


Earnings per share		12.31.2025
		SERIES A		SERIES B		TOTAL
Net income attributable to owners of the parent (CLP 000’s)		127,952,003		140,744,933		268,696,936
Weighted average number of shares		473,289,301		473,281,303		946,570,604
Earnings per basic and diluted share (CLP)		270.35		297.38		283.86


Earnings per share		12.31.2024
		SERIES A		SERIES B		TOTAL
Net income attributable to owners of the parent (CLP 000’s)		110,792,786		121,870,098		232,662,884
Weighted average number of shares		473,289,301		473,281,303		946,570,604
Earnings per basic and diluted share (CLP)		234.09		257.50		245.80


Earnings per share		12.31.2023
		SERIES A		SERIES B		TOTAL
Net income attributable to owners of the parent (CLP 000’s)		81,639,457		89,801,953		171,441,410
Weighted average number of shares		473,289,301		473,281,303		946,570,604
Earnings per basic and diluted share (CLP)		172.49		189.74		181.12