Coca-Cola HBC Reports Strong 2025 Results

Beverage company sees organic revenue growth of 8.1% and volume growth of 2.8%

Feb. 10, 2026 at 8:07am

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Coca-Cola HBC, a strategic bottling partner of The Coca-Cola Company, reported another strong year in 2025, delivering organic revenue growth of 8.1% and volume growth of 2.8% while continuing to invest in its portfolio, commercial capabilities, people, and sustainability initiatives, executives said on the company's full-year earnings call.

Why it matters

Coca-Cola HBC's performance highlights the company's ability to navigate a mixed-market environment and deliver consistent growth, even as the broader macroeconomic and geopolitical backdrop remains challenging. The company's focus on strategic priority categories like sparkling and energy, as well as its investments in revenue growth management and sustainability, have helped it gain market share and strengthen its position as a leading 24/7 beverage partner.

The details

Chief Executive Officer Zoran Bogdanovic said 2025 marked the company's fifth year of consistent growth and share gains, including an additional 80 basis points of value share gains in non-alcohol ready-to-drink (NARTD). He highlighted volume momentum led by sparkling and energy categories, despite a 'mixed-market environment.' Chief Financial Officer Anastasis Stamoulis said comparable EBIT rose 11.5% organically to nearly €1.4 billion, supported by revenue growth and volume gains. Comparable EBIT margin increased 60 basis points on a reported basis to 11.7% and 40 basis points organically, which he described as a record high for the company. Comparable earnings per share increased 19.7% to €2.72.

  • Coca-Cola HBC reported its full-year 2025 results on February 10, 2026.
  • The company's shareholders approved the acquisition of Coca-Cola Beverages Africa on January 19, 2026.

The players

Coca-Cola HBC

A growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company.

Zoran Bogdanovic

Chief Executive Officer of Coca-Cola HBC.

Anastasis Stamoulis

Chief Financial Officer of Coca-Cola HBC.

Coca-Cola Beverages Africa (CCBA)

A company that Coca-Cola HBC is in the process of acquiring, which will significantly increase its exposure to higher-growth African markets.

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What they’re saying

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— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

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The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.