Coca-Cola Andina reports 7.5% third-quarter profit growth as volume rises 2.5%

Coca-Cola Andina expands profit and sales in third quarter

Coca-Cola Andina reported third-quarter profit of 61.48 billion Chilean pesos, equivalent to about $64 million, up 7.5% from a year earlier. Sales volume increased 2.5% to 226.1 million unit cases, with the company attributing growth to Brazil and Chile.

For the first nine months of 2026, profit reached 197.16 billion pesos, or about $204 million, a 17.1% increase. Sales totaled 2.675 trillion pesos, approximately $2.77 billion, up 11.8%, while adjusted EBITDA rose 16.9% to 488.9 billion pesos, or about $506 million. Adjusted EBITDA measures operating profit before interest, tax, depreciation and one-off items.

Brazil leads the bottler's regional results

Brazil was the strongest-performing market in the third quarter, with sales rising 17.4% and volume increasing 7.7%. Chile recorded sales growth of 2.2% and volume growth of 0.9%.

Argentina moved in the opposite direction, with sales declining 3.6% in local currency and volume falling 4.1%. In Paraguay, local-currency sales rose 3.0% and converted sales increased 22.8%, although volume declined 0.8%.

Coca-Cola Andina bottles and sells Coca-Cola drinks in Chile, Brazil, Argentina and Paraguay. The company said higher revenue per case and currency-conversion effects also contributed to its results.

Volume growth trails sales growth

Nine-month sales volume rose 1.8%, reaching 691.4 million unit cases, substantially below the 11.8% increase in sales. A unit case is a standard industry measure of 24 eight-ounce servings, or about 5.7 liters.

The company attributed its nine-month performance to higher volumes in Brazil and Chile, increased revenue per case and the positive effect of converting results from Paraguay, Brazil and Argentina into Chilean pesos. As a result, currency effects contributed to reported growth alongside underlying sales and volume performance.

Costs remain a concern

Executive Vice President Miguel Ángel Peirano said Coca-Cola Andina continued to grow and manage costs in an environment marked by higher oil prices. The reported third-quarter profit followed nearly flat second-quarter profit, which increased 0.1% to 37.26 billion pesos, or about $39 million.