NYSE : AKO.A
Embotelladora Andina S.A. — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · Chile
Last price 24.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.12B
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Financial statements
Embotelladora Andina S.A. (AKO.A) reported revenue of 3.63T CLP (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CLP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.63T | 3.34T | 3.22T | 2.62T | 2.66T | 2.22T |
| Cost of Revenue | 2.19T | 2.04T | 1.95T | 1.60T | 1.63T | 1.38T |
| Gross Profit | 1.44T | 1.31T | 1.28T | 1.02T | 1.03T | 841.34B |
| Selling, General & Admin | 939.84B | 851.79B | 851.79B | 659.10B | 683.03B | 548.90B |
| Other Operating Expenses | 26.29B | 26.29B | 30.84B | 18.37B | 886.33M | 14.79B |
| Operating Expenses | 966.13B | 878.08B | 882.63B | 677.47B | 683.92B | 563.70B |
| Operating Income | 475.47B | 429.08B | 396.24B | 338.97B | 344.26B | 277.64B |
| Interest Expense | -58.45B | -62.07B | -62.51B | -60.28B | -55.74B | -50.71B |
| Interest & Investment Income | 11.33B | 11.33B | 18.38B | 25.79B | 32.39B | 2.20B |
| Earnings From Equity Investments | 5.43B | 2.91B | 997.64M | 2.72B | 1.41B | 3.09B |
| Currency Exchange Gain (Loss) | -3.42B | -3.42B | -7.41B | -17.22B | -11.61B | -5.51B |
| Other Non Operating Income (Expenses) | -10.20B | 4.97B | 27.92B | -22.16B | -77.98B | -23.57B |
| EBT Excluding Unusual Items | 420.15B | 382.79B | 373.62B | 267.82B | 232.72B | 203.15B |
| Gain (Loss) on Sale of Assets | 1.67B | 1.67B | 222.90M | 754.34M | 79.65M | 480.40M |
| Asset Writedown | -3.82B | -3.82B | -5.81B | -8.07B | -417.62M | |
| Pretax Income | 417.99B | 380.63B | 368.04B | 260.51B | 232.80B | 203.21B |
| Income Tax Expense | 117.83B | 110.16B | 133.39B | 85.99B | 104.34B | 46.18B |
| Earnings From Continuing Operations | 300.16B | 270.48B | 234.64B | 174.51B | 128.46B | 157.03B |
| Minority Interest in Earnings | -2.68B | -1.78B | -1.98B | -3.07B | -2.96B | -2.33B |
| Net Income | 297.48B | 268.70B | 232.66B | 171.44B | 125.50B | 154.70B |
| Net Income to Common | 297.48B | 268.70B | 232.66B | 171.44B | 125.50B | 154.70B |
| Shares Outstanding (Basic) | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M |
| Shares Outstanding (Diluted) | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M |
| EPS (Basic) | 314.27 | 283.86 | 245.80 | 181.12 | 132.58 | 163.43 |
| EPS (Diluted) | 314.27 | 283.86 | 245.80 | 181.12 | 132.58 | 163.43 |
| Free Cash Flow | 183.31B | 65.70B | 174.12B | 210.75B | 166.20B | |
| Free Cash Flow Per Share | 193.65 | 69.41 | 183.95 | 222.65 | 175.58 | |
| Dividend Per Share | 112.20 | 172.70 | 225.50 | 99.00 | 127.60 | 95.70 |
| Gross Margin | 39.75% | 39.08% | 39.66% | 38.82% | 38.70% | 37.95% |
| Operating Margin | 13.11% | 12.83% | 12.29% | 12.95% | 12.96% | 12.53% |
| Profit Margin | 8.20% | 8.03% | 7.22% | 6.55% | 4.72% | 6.98% |
| Free Cash Flow Margin | 5.48% | 2.04% | 6.65% | 7.93% | 7.50% | |
| EBITDA | 616.40B | 563.06B | 523.40B | 435.88B | 453.63B | 371.39B |
| EBITDA Margin | 17.00% | 16.83% | 16.23% | 16.65% | 17.07% | 16.75% |
| D&A For EBITDA | 140.93B | 133.98B | 127.16B | 96.91B | 109.37B | 93.75B |
| EBIT | 475.47B | 429.08B | 396.24B | 338.97B | 344.26B | 277.64B |
| EBIT Margin | 13.11% | 12.83% | 12.29% | 12.95% | 12.96% | 12.53% |
| Effective Tax Rate | 28.19% | 28.94% | 36.24% | 33.01% | 44.82% | 22.72% |
| Advertising Expenses | 48.79B | 47.16B | 35.83B | 26.58B | 28.48B |
Balance sheet
Fiscal year January - December; amounts in CLP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 435.77B | 296.54B | 248.90B | 303.68B | 291.68B | 304.31B |
| Short-Term Investments | 45.32B | 72.48B | 66.19B | 92.84B | 194.51B | |
| Cash & Short-Term Investments | 435.77B | 341.86B | 321.38B | 369.87B | 384.52B | 498.82B |
| Accounts Receivable | 304.70B | 303.11B | 292.36B | 267.33B | 253.21B | 214.89B |
| Other Receivables | 67.00B | 68.19B | 92.04B | 81.86B | 72.27B | |
| Receivables | 304.70B | 370.11B | 360.55B | 359.37B | 335.06B | 287.16B |
| Inventory | 356.13B | 304.55B | 299.97B | 233.05B | 245.89B | 191.35B |
| Prepaid Expenses | 9.09B | 16.40B | 11.44B | 6.06B | 7.86B | |
| Other Current Assets | 45.81B | 7.45B | 14.90B | 8.04B | 190.20B | 5.80B |
| Total Current Assets | 1.14T | 1.03T | 1.01T | 981.77B | 1.16T | 990.99B |
| Property, Plant & Equipment | 1.33T | 1.18T | 1.10T | 872.39B | 798.22B | 716.38B |
| Long-Term Investments | 96.65B | 108.48B | 110.06B | 106.13B | 111.90B | 106.78B |
| Goodwill | 162.37B | 137.13B | 144.68B | 122.10B | 129.02B | 118.04B |
| Other Intangible Assets | 719.49B | 693.38B | 695.93B | 671.78B | 659.63B | |
| Long-Term Accounts Receivable | 8.13B | 406.90M | 202.21M | 166.10M | 141.67M | |
| Long-Term Deferred Tax Assets | 8.79B | 7.08B | 4.32B | 2.43B | 1.86B | |
| Other Long-Term Assets | 1.05T | 225.94B | 224.52B | 138.68B | 135.45B | 352.28B |
| Total Assets | 3.78T | 3.42T | 3.29T | 2.92T | 3.01T | 2.95T |
| Accounts Payable | 548.92B | 581.98B | 550.51B | 524.48B | 474.46B | 383.13B |
| Accrued Expenses | 68.48B | 72.41B | 57.88B | 48.39B | 35.01B | |
| Current Portion of Long-Term Debt | 19.43B | 35.63B | 86.20B | 28.98B | 341.46B | 25.41B |
| Current Portion of Leases | 9.63B | 9.63B | 9.93B | 7.10B | 8.19B | |
| Current Income Taxes Payable | 14.21B | 28.37B | 13.41B | 14.62B | 30.51B | |
| Other Current Liabilities | 139.86B | 20.49B | 159.02B | 58.20B | 63.22B | 47.31B |
| Total Current Liabilities | 708.21B | 730.41B | 906.14B | 692.87B | 949.25B | 529.57B |
| Long-Term Debt | 1.24T | 1.10T | 1.00T | 967.06B | 776.73B | 1.02T |
| Long-Term Leases | 18.59B | 20.89B | 24.81B | 15.89B | 16.39B | |
| Pension & Post-Retirement Benefits | 23.12B | 20.16B | 18.47B | 17.41B | 14.14B | |
| Long-Term Deferred Tax Liabilities | 218.67B | 224.97B | 180.47B | 165.78B | 168.45B | |
| Other Long-Term Liabilities | 415.27B | 136.49B | 100.68B | 116.84B | 202.24B | 91.48B |
| Total Liabilities | 2.36T | 2.22T | 2.28T | 2.00T | 2.13T | 1.84T |
| Common Stock | 1.38T | 270.74B | 270.74B | 270.74B | 270.74B | 270.74B |
| Retained Earnings | 1.17T | 897.18B | 774.75B | 722.41B | 773.55B | |
| Comprehensive Income & Other | -288.23B | -191.51B | -159.19B | -137.89B | 31.85B | |
| Total Common Equity | 1.38T | 1.16T | 976.41B | 886.29B | 855.26B | 1.08T |
| Minority Interest | 41.32B | 39.16B | 37.99B | 34.69B | 28.14B | 25.27B |
| Shareholders' Equity | 1.42T | 1.20T | 1.01T | 920.99B | 883.40B | 1.10T |
| Total Liabilities & Equity | 3.78T | 3.42T | 3.29T | 2.92T | 3.01T | 2.95T |
| Total Debt | 1.26T | 1.16T | 1.12T | 1.03T | 1.14T | 1.07T |
| Net Cash (Debt) | -820.99B | -818.55B | -799.21B | -660.91B | -756.66B | -575.83B |
| Net Cash Per Share | -867.33 | -864.75 | -844.32 | -698.21 | -799.37 | -608.33 |
| Filing Date Shares Outstanding | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M |
| Total Common Shares Outstanding | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M | 946.57M |
| Working Capital | 434.21B | 302.64B | 107.05B | 288.90B | 212.48B | 461.42B |
| Book Value Per Share | 1,455.28 | 1,222.73 | 1,031.52 | 936.32 | 903.54 | 1,136.89 |
| Tangible Book Value | 1.22T | 300.78B | 138.34B | 68.26B | 54.46B | 298.47B |
| Tangible Book Value Per Share | 1,283.75 | 317.76 | 146.15 | 72.11 | 57.53 | 315.32 |
| Land | 169.30B | 123.90B | 115.74B | 104.91B | 101.29B | |
| Buildings | 462.39B | 436.96B | 356.34B | 337.69B | 306.30B | |
| Machinery | 1.19T | 1.10T | 869.33B | 873.70B | 760.62B | |
| Construction In Progress | 71.05B | 128.22B | 96.13B | 49.17B | 56.28B | |
| Leasehold Improvements | 456.83M | 417.33M | 420.59M | 362.24M | 322.04M |
Cash flow statement
Fiscal year January - December; amounts in CLP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 268.70B | 232.66B | 171.44B | 125.50B | 154.70B | |
| Depreciation & Amortization | 149.59B | 143.61B | 107.91B | 119.37B | 102.14B | |
| Other Amortization | 9.65B | 7.50B | 4.86B | 2.64B | ||
| Other Operating Activities | 33.19B | -26.53B | 82.62B | 152.59B | 45.58B | |
| Operating Cash Flow | 461.13B | 357.24B | 366.83B | 397.45B | 305.05B | |
| Capital Expenditures | -277.82B | -291.54B | -192.71B | -186.70B | -138.86B | |
| Sale of Property, Plant & Equipment | 171.46M | 1.22B | 142.21M | 92.25M | 39.92M | |
| Sale (Purchase) of Intangibles | -5.17B | |||||
| Investment in Securities | 27.79B | 32.00B | 101.19B | -54.57B | ||
| Other Investing Activities | 1.29B | 466.70M | 2.28B | 249.95M | 302.69M | |
| Investing Cash Flow | -248.58B | -289.85B | -158.29B | -85.17B | -198.25B | |
| Short-Term Debt Issued | 153.15B | 123.75B | 31.85B | 23.63B | ||
| Long-Term Debt Issued | 167.74B | |||||
| Total Debt Issued | 153.15B | 123.75B | 199.59B | 23.63B | ||
| Long-Term Debt Repaid | -117.82B | -90.03B | -363.67B | -36.27B | -11.97B | |
| Lease Payments | -14.45B | -10.35B | -6.30B | -5.39B | -4.01B | |
| Net Debt Issued (Repaid) | 35.34B | 33.72B | -164.08B | -12.65B | -11.97B | |
| Common Dividends Paid | -195.89B | -158.41B | -165.88B | -274.32B | -106.35B | |
| Other Financing Activities | -1.86B | 4.93B | 142.84B | 3.00B | ||
| Financing Cash Flow | -162.41B | -119.76B | -187.13B | -286.96B | -115.32B | |
| Foreign Exchange Rate Adjustments | 645.74M | 13.28B | 4.55B | -21.35B | 9.50B | |
| Miscellaneous Cash Flow Adjustments | -3.14B | -15.70B | -13.96B | -16.60B | -6.20B | |
| Net Cash Flow | 47.64B | -54.78B | 12.00B | -12.63B | -5.22B | |
| Free Cash Flow | 183.31B | 65.70B | 174.12B | 210.75B | 166.20B | |
| Free Cash Flow Margin | 5.48% | 2.04% | 6.65% | 7.93% | 7.50% | |
| Free Cash Flow Per Share | 193.65 | 69.41 | 183.95 | 222.65 | 175.58 | |
| Levered Free Cash Flow | -13.73B | 144.58B | 312.84B | -67.33B | 101.01B | |
| Unlevered Free Cash Flow | 25.06B | 183.65B | 350.51B | -32.50B | 132.70B | |
| Free Cash Flow After Leases | 168.86B | 55.35B | 167.82B | 205.37B | 162.19B | |
| Cash Interest Paid | 57.33B | 65.84B | 67.01B | 44.82B | 55.50B | |
| Cash Income Tax Paid | 103.08B | 85.38B | 71.27B | 87.76B | 46.10B |
Ratios
Fiscal year January - December; amounts in CLP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.09B | 4.11B | 2.58B | 2.12B | 2.07B | 1.92B |
| Enterprise Value | 4.95B | 5.16B | 3.41B | 3.01B | 3.12B | 2.60B |
| Last Close Price | 24.20 | 22.50 | 13.60 | 11.41 | 8.93 | 7.64 |
| PE Ratio | 12.17 | 13.77 | 11.03 | 10.87 | 14.03 | 10.55 |
| PS Ratio | 1.10 | 1.11 | 0.80 | 0.71 | 0.66 | 0.74 |
| PB Ratio | 2.80 | 3.09 | 2.53 | 2.02 | 1.99 | 1.48 |
| P/TBV Ratio | 3.27 | 12.30 | 18.55 | 27.29 | 32.33 | 5.47 |
| P/FCF Ratio | 14.40 | 20.19 | 39.07 | 10.70 | 8.35 | 9.82 |
| P/OCF Ratio | 7.48 | 8.03 | 7.18 | 5.08 | 4.43 | 5.35 |
| EV/Sales Ratio | 1.33 | 1.39 | 1.05 | 1.01 | 1.00 | 1.00 |
| EV/EBITDA Ratio | 7.82 | 8.25 | 6.48 | 6.05 | 5.84 | 5.96 |
| EV/EBIT Ratio | 10.14 | 10.82 | 8.56 | 7.78 | 7.70 | 7.97 |
| EV/FCF Ratio | 17.47 | 25.34 | 51.62 | 15.14 | 12.58 | 13.32 |
| Debt / Equity Ratio | 0.89 | 0.97 | 1.10 | 1.12 | 1.29 | 0.98 |
| Debt / EBITDA Ratio | 2.04 | 2.01 | 2.08 | 2.31 | 2.46 | 2.83 |
| Debt / FCF Ratio | 6.33 | 17.06 | 5.92 | 5.42 | 6.47 | |
| Net Debt / Equity Ratio | 0.58 | 0.68 | 0.79 | 0.72 | 0.86 | 0.52 |
| Net Debt / EBITDA Ratio | 1.33 | 1.45 | 1.53 | 1.52 | 1.67 | 1.55 |
| Net Debt / FCF Ratio | 4.46 | 12.16 | 3.80 | 3.59 | 3.46 | |
| Asset Turnover | 1.01 | 1.00 | 1.04 | 0.88 | 0.89 | 0.82 |
| Inventory Turnover | 6.41 | 6.74 | 7.30 | 6.69 | 7.45 | 8.61 |
| Quick Ratio | 1.05 | 0.97 | 0.75 | 1.05 | 0.76 | 1.48 |
| Current Ratio | 1.61 | 1.41 | 1.12 | 1.42 | 1.22 | 1.87 |
| Return on Equity (ROE) | 23.16% | 24.47% | 24.25% | 19.34% | 12.94% | 16.25% |
| Return on Assets (ROA) | 8.30% | 7.99% | 7.97% | 7.14% | 7.22% | 6.43% |
| Return on Invested Capital (ROIC) | 15.50% | 15.93% | 14.88% | 14.09% | 11.45% | 14.20% |
| Return on Capital Employed (ROCE) | 15.50% | 16.00% | 16.60% | 15.20% | 16.70% | 11.50% |
| Earnings Yield | 8.22% | 7.26% | 9.06% | 9.20% | 7.13% | 9.47% |
| FCF Yield | 6.94% | 4.95% | 2.56% | 9.35% | 11.97% | 10.18% |
| Dividend Yield | 3.84% | 4.42% | 8.32% | 5.03% | 6.86% | 5.55% |
| Payout Ratio | 46.78% | 72.90% | 68.08% | 96.75% | 218.58% | 68.75% |
| Total Shareholder Return | 3.84% | 4.42% | 8.32% | 5.03% | 6.86% | 5.55% |