Embotelladora Andina (ANDINA-B) Q2 2026 earnings summary

Executive summary

• Consolidated sales volume grew 3.0% year-over-year to 213.7 million unit cases in Q2 2026, with transactions up 4.7%.

• Net sales increased 11.1% to CLP 820,087 million, and operating income rose 16.7% to CLP 93,235 million for the quarter.

• Adjusted EBITDA grew 17.0% to CLP 139,550 million, with margin expanding 85 bps to 17.0%.

• Net income attributable to controlling shareholders was CLP 37,260 million, up 0.1% year-over-year, impacted by higher inflation adjustments and taxes.

• Digital transformation advanced, with 86% of net revenue generated through digital platforms and NPS at 60.4%.

Financial highlights

• Accumulated H1 2026 sales volume rose 1.5% to 465.3 million unit cases; net sales up 8.2% to CLP 1,744,445 million.

• H1 2026 operating income increased 15.0% to CLP 242,221 million; adjusted EBITDA up 15.6% to CLP 333,586 million.

• H1 2026 net income attributable to controlling shareholders rose 18.8% to CLP 134,902 million.

• Q2 2026 gross margin was 38.9%; operating margin 11.4%; net margin 4.5%.

• Q2 2026 cost of sales increased 9.3%, mainly due to higher concentrate and resin costs, and currency effects.

Outlook and guidance

• Management remains focused on revenue management, cost control, and digital transformation to drive resilience and competitiveness.

• Sustainability and ESG integration continue as strategic pillars, with recognition in FTSE4Good and DJSI indices.