The Coca-Cola Company has retained its full-year revenue and profit forecasts after announcing a 30% increase in earnings for the third quarter of the 2025 financial year (Q3 FY25) despite challenging operating conditions.
The world’s biggest beverage company said net income in the three months ending 26 September 2025 was US$3.696 billion (A$5.69 billion) compared with $2.848 billion in the previous corresponding period (pcp).
Diluted earnings per share (EPS) also jumped 30% to 86 cents on net operating revenue, which grew 5% to $12.455 billion due to 6% growth in the price mix and as concentrate sales were flat.
Operating income climbed 59% to $3.982 billion, helped by a 94% plunge in other operating charges as a large write-off related to an acquisition in the pcp dropped out.
Over the first nine months, net income jumped 28% to $10.836 billion and diluted EPS rose 29% to $2.51 on net revenue, which grew 2% $36.119 billion.
“While the overall environment has continued to be challenging, we’ve stayed flexible — adapting plans where needed and investing for growth,” Chairman and CEO James Quincey said in an earnings release.
He said Coca-Cola was gaining ground and strengthening its leadership position by offering choice across its beverage portfolio and leveraging its franchise model’s strengths.
“We’re confident we can deliver on our 2025 guidance while also working to achieve our longer-term objectives,” Quincey said.
The company also announced it would buy a controlling interest in African bottler Coca-Cola Beverages Africa from the company and Gutsche Family Investments for $2.6 billion, and it had sold 40% of Hindustan Coca-Cola Holdings to Jubilant Bhartia Group.
Coca-Cola maintained its forecast of currency-neutral EPS growth of about 8%, comparable EPS growth of about 3% organic revenue growth of 5% to 6% in FY25.
Comparable EPS of 82 cents in Q3 beat expectations of 78 cents.
Coca-Cola (NYSE: KO) shares closed $2.75 (4.02%) higher at $71.22 on Tuesday (Wednesday AEDT), capitalising the company at $306.51 billion.
