Coca-Cola Europacific Partners plc Announces Preliminary Unaudited Results Q4 & FY 2025

Rhea-AI Summary

Coca-Cola Europacific Partners (NYSE:CCEP) reported preliminary unaudited FY2025 results on 17 Feb 2026: revenue €20,901m, adjusted comparable operating profit €2,808m (+7.1%), comparable free cash flow €1,836m and comparable diluted EPS €4.11 (+6.2%). The board maintained a €2.04 dividend and announced a further €1bn share buyback subject to 2026 AGM approval.

FY25 volumes were broadly stable (+0.2% adjusted comparable), with regional strength in APS offset by softer Europe volumes; FY26 guidance targets revenue +3–4% and operating profit ~+7% on a comparable FX-neutral basis.

Positive

• Revenue €20,901m reported for FY2025
• Adjusted operating profit €2,808m, +7.1% comparable FX-neutral
• Comparable free cash flow €1,836m, strong cash conversion
• Dividend €2.04 maintained with ~50% payout ratio
• €1bn share buyback announced (subject to AGM approval)

Negative

• Adjusted comparable volume Europe -0.2% (softness in Germany & France)
• Indonesia volumes declined double-digit, reflecting weak consumer backdrop
• Exit of Suntory alcohol distribution reduced FY revenue by ~0.5%
• APS reported FY revenue headwinds in Southeast Asia, particularly Indonesia

Key Figures

FY25 Revenue: €20,901m FY25 Operating Profit: €2,808m Diluted EPS (reported): €4.26 +5 more

8 metrics

FY25 Revenue €20,901m FY 2025 total CCEP revenue, as reported

FY25 Operating Profit €2,808m FY 2025 adjusted comparable operating profit

Diluted EPS (reported) €4.26 FY 2025 diluted EPS, as reported

Diluted EPS (comparable) €4.11 FY 2025 comparable diluted EPS

Free Cash Flow €1,836m FY 2025 comparable free cash flow

Dividend per share €2.04 FY 2025 dividend per share

FY26 Revenue Growth 3% to 4% FY 2026 revenue growth guidance (comparable, FX-neutral)

Share buyback €1bn New FY26 share buyback programme announced

Market Reality Check

Price: $99.51 Vol: Volume 3,502,630 is 2.06x...

high vol

$99.51 Last Close

Volume Volume 3,502,630 is 2.06x the 20-day average of 1,702,504, indicating elevated interest into the FY25 update. high

Technical Shares at $99.51 trade 1.15% below the 52-week high of $100.67 and remain above the 200-day MA at $91.36, reflecting a strong pre-news uptrend.

Peers on Argus

CCEP gained 0.46% while key peers were mixed: KDP -0.57%, MNST +0.95%, CELH +2.0...

CCEP gained 0.46% while key peers were mixed: KDP -0.57%, MNST +0.95%, CELH +2.01%, COKE -0.98%, PEP -0.75%. The modest uptick alongside strong FY25 results suggests a company-specific response rather than a broad sector move.

Historical Context

1 past event · Latest: Nov 05 (Positive)

Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Nov 05	Q3 trading update	Positive	+1.4%	Solid Q3 growth, reaffirmed FY25 guidance, dividend and €1bn buyback plans.

Pattern Detected

The prior Q3 2025 trading update with reaffirmed guidance and capital returns also saw a positive price reaction, consistent with today’s constructive response to solid FY25 results and renewed buyback plans.

Recent Company History

Recent news flow for CCEP has focused on steady operational execution and shareholder returns. On Nov 05 2025, the company reported Q3 revenue of €5,410m, adjusted comparable FXN growth of +3.2%, and reaffirmed guidance for FY25 revenue growth of 3–4%, operating profit growth of about 7%, and comparable free cash flow of at least €1.7bn, alongside a €1bn buyback and a full‑year dividend of €2.04 per share. That update produced a +1.41% one‑day move, aligning with the stock’s current constructive positioning near its 52‑week high as FY25 results and another €1bn buyback are announced.

Market Pulse Summary

This announcement details FY25 revenue of €20,901m, adjusted comparable operating profit of €2,808m,...

Analysis

This announcement details FY25 revenue of €20,901m, adjusted comparable operating profit of €2,808m, comparable EPS of €4.11, and free cash flow of €1,836m, supporting a dividend of €2.04 per share. Management also outlined FY26 guidance for 3–4% revenue growth, ~7% operating profit growth, and at least €1.7bn of comparable free cash flow, alongside a new €1bn buyback. Investors may focus on volume trends by region, execution against productivity goals, and alignment with the capital allocation framework described in recent filings.

Key Terms

free cash flow, net debt, ebitda, roic, +4 more

8 terms

free cash flow financial

"Comparable free cash flow: €1,836m reflecting solid performance..."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

net debt financial

"FY25 year-end net debt: comparable EBITDA at 2.7x (FY24: 2.7x)"

Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.

ebitda financial

"FY25 year-end net debt: comparable EBITDA at 2.7x (FY24: 2.7x)"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

roic financial

"Comparable ROIC of 11.5% (reported 10.9%) up 70 bps..."

Return on invested capital (ROIC) measures how well a company turns the money it uses to run and grow the business into profit, expressed as a percentage. Think of it like how much fruit a tree yields for each seed and watering dollar invested: higher ROIC means management is extracting more value from each dollar put into the company. Investors use it to compare how efficiently different companies deploy capital and whether returns justify the risk of holding the stock.

fx-neutral technical

"Q3 reported revenue was €5,410m with adjusted comparable FX‑neutral revenue..."

fx-neutral means presenting financial figures with the effects of changes in currency exchange rates removed, so reported revenue or growth reflects only the company’s underlying operations rather than shifts in foreign-money values. Investors use fx-neutral numbers to compare performance across periods and regions more fairly — like comparing a car’s fuel efficiency after removing differences caused by driving on hills versus flat roads, isolating true performance.

adjusted comparable technical

"Adjusted comparable operating profit of €2,808m, +7.1% reflecting topline growth..."

A metric that compares a company’s current-period results to a prior comparable period after removing effects that would distort a straight comparison—such as one-time charges, recent acquisitions or disposals, currency swings and unusual calendar shifts. It matters to investors because it tries to show the underlying, like-for-like performance: like comparing the same room’s temperature while ignoring a brief heat wave, it makes trends and management claims easier to judge.

share buyback financial

"Share buyback: CCEP today announces further share buyback programme of €1bn..."

A share buyback is when a company uses its cash to purchase its own stock from the market, which reduces the number of shares available to other investors. Think of it like a bakery buying back some of its own cookies so the remaining cookies are a bigger slice of the business; buybacks can raise per-share earnings and ownership stakes and signal management’s confidence, but they also use cash that could have been spent on growth or dividends.

Form 20F regulatory

"Annual Report & Form 20F published: 13 March 2026"

Form 20-F is the annual disclosure document that non‑U.S. companies file with the U.S. Securities and Exchange Commission to provide audited financial statements, governance details, risk factors and other key business information. Investors use it like a company’s full report card and handbook: it lets them verify the company’s finances, understand potential risks and assess management choices before buying or holding shares, especially for foreign-listed firms.

AI-generated analysis. Not financial advice.

COCA-COLA EUROPACIFIC PARTNERS

Preliminary unaudited results for the full year ended 31 December 2025

UXBRIDGE, ENGLAND / ACCESS Newswire / February 17, 2026 / Resilient topline & productivity gains underpin strong profit & cash delivery; announcing further €1bn share buyback*; well placed for 2026 & beyond

FY 2025 Total CCEP Key Financial Metrics [1]	As Reported		Comparable [1]	Change vs FY 2024				Adjusted Comparable [4]	Change vs FY 2024
				As Reported	Comparable [1]	Comparable FXN [1]			Adjusted Comparable [4]	Adjusted Comparable FXN [4]
Volume (M UC) [2]	3,958		3,958	2.4 %	2.7 %			3,958	0.2 %
Revenue per UC [2],[3] (€)			5.38			1.6 %		5.38		2.9 %
Revenue (€M)	20,901		20,901	2.3 %	2.3 %	4.1 %		20,901	0.9 %	2.8 %
Operating profit (€M)	2,793		2,808	31.0 %	5.4 %	7.5 %		2,808	5.1 %	7.1 %
Diluted EPS (€)	4.26		4.11	38.3 %	4.1 %	6.2 %
Comparable free cash flow (€M)			1,836
Dividend per share (€)		2.04

DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID:

"2025 has been another strong year for CCEP. We continue to refresh our consumers and lead value creation for our customers across beverage categories that are growing strongly. We delivered robust top and bottom-line growth, generated strong free cash flow and again grew shareholder returns. Our consumers continued to enjoy a wonderful portfolio of beverages, our revenue growth reflecting the ongoing demand for value from consumers but also for innovation and premiumisation. Our business continues to become more efficient, our multi-year productivity programmes supporting resilient profit growth and investment for the future.

"We remain resilient in vibrant categories even though the consumer environment remains challenging. We're investing more than ever in growth and greater productivity to drive expanding operating margins. With strong commercial and innovation plans in place, including the 2026 FIFA World Cup, we're excited about what this year will bring to customers and consumers.

"Our guidance, combined with a growing dividend and further €1 billion of share buybacks demonstrate the strength of this great business and our ability to deliver attractive and consistent shareholder value. All whilst continuing to be a great partner for our customers and a great place to work for our fantastic colleagues."

___________________________

Note: All footnotes included alongside the 'About CCEP' section

*Buyback programme of up to €1bn from February 2026 subject to further shareholder approval at the 2026 AGM

Comparable volume movements adjust for the impact of selling day movements, with one less in FY25 versus FY24

FY Financial Summary
FY 2025 Metric [1]	As Reported		Comparable [1]	Change vs FY 2024				Adjusted Comparable [4]	Change vs FY 2024
				As Reported	Comparable [1]	Comparable FXN [1]			Adjusted Comparable [4]	Adjusted Comparable FXN [4]
Total CCEP
Volume (M UC) [2]	3,958		3,958	2.4 %	2.7 %			3,958	0.2 %
Revenue (€M)	20,901		20,901	2.3 %	2.3 %	4.1 %		20,901	0.9 %	2.8 %
Cost of sales (€M)	13,461		13,465	1.8 %	2.4 %	4.2 %		13,465	0.7 %	2.6 %
Operating profit (€M)	2,793		2,808	31.0 %	5.4 %	7.5 %		2,808	5.1 %	7.1 %
Profit after taxes (€M)	1,979		1,916	37.0%	3.6 %	5.7 %
Diluted EPS (€)	4.26		4.11	38.3%	4.1 %	6.2 %
Revenue per UC [2],[3] (€)			5.38			1.6 %		5.38		2.9 %
Cost of sales per UC [2],[3] (€)			3.46			1.7 %		3.46		2.7 %
Comparable free cash flow (€M)			1,836
Dividend per share (€)		2.04		Maintained dividend payout ratio of ~50%
Europe
Volume (M UC) [2]	2,587		2,587	(0.5) %	(0.2) %			2,587	(0.2) %
Revenue (€M)	15,404		15,404	2.9 %	2.9 %	3.1 %		15,404	2.9 %	3.1 %
Operating profit (€M)	2,189		2,139	23.7%	6.2 %	6.5 %		2,139	6.2 %	6.5 %
Revenue per UC [2],[3] (€)			5.97			3.6 %		5.97		3.6 %
APS (Australia, Pacific & Southeast Asia)
Volume (M UC) [2]	1,371		1,371	8.6 %	8.6 %			1,371	1.0 %
Revenue (€M)	5,497		5,497	0.5 %	0.5 %	7.0 %		5,497	(4.1) %	2.0 %
Operating profit (€M)	604		669	66.4%	3.2 %	10.5 %		669	1.7 %	8.8 %
Revenue per UC [2],[3] (€)			4.26			(1.5) %		4.26		1.4 %

FY & Q4 REVENUE HIGHLIGHTS ^[1],[4]

FY Revenue: Reported +2.3%; Adjusted Comparable FXN+2.8% ^[4]

• #1 value creator, delivering more revenue growth for retail customers than all FMCG peers ^[5] - NARTD category grew +6% during FY25

• NARTD YTD value share ^[5] +20bps (Europe -10bps; APS +90bps)

• Transactions broadly in-line with volumes; ahead in Europe & behind in APS

• Adjusted comparable volume +0.2% ^[4],[6]

  • By geography:

• Europe -0.2%: Robust overall volume performance particularly in AFH & GB reflecting solid in-market execution & growth in Coca-Cola Zero Sugar & Energy. Greater consumer focus on value contributed to softer volumes, particularly in Germany, with demand in France impacted by the increased sugar tax

• APS +1.0% reflecting:

• Australia/Pacific (AP): +2.7% (+4.1% excluding alcohol) solid underlying momentum driven by Australia & PNG

• Southeast Asia (SEA): flat with growth in the Philippines (cycling FY24 +11.0%) offset by double-digit decline in Indonesia reflecting a weaker consumer backdrop

  • By channel: Away from Home (AFH) +0.4%, Home +0.2%

• Europe: AFH +0.7%, Home -0.7%

• APS: AFH +0.1%, Home +4.1%

• Adjusted comparable revenue per unit case +2.9% ^[2],[3],[4] driven by strong mix, positive headline pricing & promotional optimisation

  • Europe: +3.6% reflecting strong pack & brand mix, headline price increases, promotional optimisation & the impact of the French sugar tax

  • APS: +1.4% reflecting headline price increases & promotional optimisation offset by exit of Suntory alcohol distribution in Australia (~2% revenue impact)

Q4 Revenue: Reported -0.7%; Adjusted Comparable FXN +2.9% ^[4]

• Adjusted comparable volume -0.1% ^[4],[6]

  • By geography:

• Europe -0.9% reflecting greater consumer focus on value

• APS +1.4% reflecting:

• AP: +1.8% (+4.9% excluding alcohol) - continued solid underlying momentum driven by Australia & PNG

• SEA: +1.0% reflecting return to growth in Philippines following Q3 impact of flooding, partly offset by moderating decline in Indonesia

  • By channel: AFH +1.2%, Home -0.9%

• Europe: AFH flat, Home -1.6%

• APS: AFH +2.4%, Home +1.6%

• Adjusted comparable revenue per unit case +1.5% ^[2],[3],[4] driven by strong brand mix, positive headline pricing & promotional optimisation

  • Europe: +2.9% reflecting strong brand mix, headline price increases & promotional optimisation

  • APS: -1.1% reflecting headline price increases offset by exit of Suntory alcohol distribution (Q3 onwards) in Australia

___________________________

VOLUMES NOTE - Year on year volume movements are disclosed on a comparable and adjusted comparable basis which (i) assumes the acquisition of Coca-Cola Beverages Philippines Inc occurred at the beginning of the comparative period & (ii) adjusts for the impact of one less selling day versus FY24

Excluding selling days adjustment, FY25 volumes were CCEP -0.2% (Europe -0.5%, APS +0.5%)

FY25 HIGHLIGHTS & FY26 GUIDANCE ^[1]

FY25 Highlights

• Operating profit: Reported +31.0%; Adjusted Comparable FXN +7.1% ^[4]

  • Adjusted comparable cost of sales per unit case +2.7% ^[2],[3],[4] reflecting increased revenue per unit case driving higher concentrate costs, inflation in manufacturing & tax increases in France & GB

  • Adjusted comparable operating profit of €2,808m, +7.1% ^[3],[4] reflecting topline growth & ongoing productivity & efficiency programmes. Reported operating profit of €2,793m, +31.0% reflecting full year of Philippines profit in FY25, annualisation of prior year impairment of Indonesian business unit & lower business transformation costs

  • Comparable diluted EPS of €4.11, +6.2% ^[3] (reported €4.26, +38.3%)

• Comparable free cash flow: €1,836m reflecting solid performance (net cash flows from operating activities of €2,953m), further improvements in working capital & after investing ~€1bn in capex to drive future growth

  • FY25 year-end net debt: comparable EBITDA at 2.7x (FY24: 2.7x)

• FY dividend per share €2.04 +3.6%, maintains annualised payout ratio of ~50%

• Comparable ROIC of 11.5% (reported 10.9%) up 70 bps[4] driven by the increase in comparable profit after tax & continued focus on capital allocation

• Following transfer of UK listing to the Equity Shares "Commercial Companies" category in 2024, CCEP entered the FTSE UK Index Series in March 2025

• Sustainability:

  • Retained CDP 'A' List for climate for the 10th consecutive year

  • New venture investments in HotGreen to develop ultra-efficient heat pumps & in Nova Biochem to explore chemical production from natural sources

FY26 guidance ^[1]

Outlook for FY26 reflects our current assessment of market conditions. Unless stated otherwise, guidance is on a comparable & FX-neutral basis.

Revenue: growth of 3% to 4%

• Six extra days in Q1, six fewer in Q4 (moving from selling to calendar days)

• Impact from exit of Suntory alcohol distribution in Australia (ended June '25) & NZ (ended Dec '25): FY impact on group revenue ~0.5%

Cost of sales per UC: comparable growth of ~1.5%

• Commodities hedged at ~80% for FY26

• Concentrate directly linked to revenue per UC through incidence pricing

Operating profit: growth of ~7%

Comparable effective tax rate: ~26%

CAPEX: ~5% of revenue (including leases)

Comparable free cash flow: at least €1.7bn

Dividend payout ratio: ~50% ^[7] based on comparable EPS

Share buyback: CCEP today announces further share buyback programme of €1bn over the course of the year*

___________________________

* Buyback programme of up to €1bn subject to further shareholder approval at the 2026 AGM. Separate release with further details on the share buyback programme available via www.cocacolaep.com

FY & Q4 Revenue Performance by Geography ^[1]

All values are unaudited. Volumes are on a comparable basis for Europe and Australia / Pacific, and on an adjusted comparable basis for SEA, total APS and total CCEP. All changes are versus prior year equivalent period unless stated otherwise.

	Fourth quarter				Full Year
			Fx-Neutral				Fx-Neutral
	€ million	% change	% change		€ million	% change	% change
FBN [8]	1,251	4.8 %	4.4 %		5,302	4.6 %	4.4 %
Germany	824	1.1 %	1.1 %		3,203	0.8 %	0.8 %
Great Britain	855	(1.3) %	3.8 %		3,470	4.3 %	5.6 %
Iberia [9]	809	4.1 %	4.1 %		3,429	0.9 %	0.9 %
Total Europe	3,739	2.4 %	3.5 %		15,404	2.9 %	3.1 %
Australia / Pacific [11]	927	(6.7) %	2.2 %		3,279	(3.9) %	3.1 %
Southeast Asia [4],[12]	551	(9.1) %	0.8 %		2,218	(4.5) %	0.3 %
Total APS [4]	1,478	(7.6) %	1.7 %		5,497	(4.1) %	2.0 %
Total CCEP [4]	5,217	(0.7) %	2.9 %		20,901	0.9 %	2.8 %

FBN ^[8]

• FY low single-digit volume decline with growth in Benelux & Nordics, offset by France.

• Double-digit growth of Monster, across the region, supported by innovation & new listings.

• Double-digit growth of Sprite supported by new listings in France.

• Single-digit decline in Coca-Cola with growth of Zero Sugar more than offset by decline of Original Taste in France, following increased sugar tax in Q1 & softer AFH volumes.

• Growth in revenue/UC ^[10] reflects headline price increases, French sugar tax & positive pack & brand mix from growth of Monster.

Germany

• Low single-digit volume decline in Q4 & FY with strong growth of Coca-Cola Zero & Monster more than offset by decline in Coca-Cola Original Taste, Fanta & Mezzo Mix.

• Volume decline reflecting a deeper consumer focus on affordability & value for money & softer AFH volumes.

• FY revenue/UC ^[10] growth driven by headline price increases implemented during Q3, supported by positive pack mix from growth of cans & decline of large PET.

Great Britain

• Q4 volumes broadly flat with growth in large multi-packs offset by decline in large PET during Xmas period.

• FY low single-digit volume increase in both channels driven by double-digit increase in Monster, Dr. Pepper & Sprite, supported by growth in Coca-Cola Zero & improved performance from Diet Coke.

• Strong performance in ARTD driven by growth of multipacks in Home channel & innovation.

• FY revenue/UC ^[10] growth reflects headline price increase during Q2 & positive brand mix from growth of Monster.

Iberia ^[9]

• Successful transition of Nestea to Fuze Tea, exiting the year as the market leader in the RTD tea category.

• Volume excluding RTD Tea up low single-digit in Q4 & FY, driven by Coca-Cola Zero, Monster & Sprite with Aquarius in Sports & Aquabona in Water all growing strongly.

• BodyArmor Sports & Bang Energy launched towards the end of the year.

• FY revenue/UC ^[10] growth driven by headline price increases.

Australia / Pacific ^[11]

• Low single-digit volume increase in Q4 & FY driven by all markets, especially Australia & PNG, more than offsetting the impact of exit of Suntory alcohol distribution in Australia mid-year. Excluding alcohol, volumes & revenue up mid & high single-digit respectively.

• Strong growth in Coca-Cola Zero Sugar & improvement in performance of Diet Coke drove overall growth in Coca-Cola TM volumes. Grinders coffee volume grew double-digit & Fanta volume growth supported by Lemon launch in Australia.

• Energy volumes grew double-digit, supported by innovation (e.g. Ultra Vice Guava) alongside strong growth of original Ultra White.

• New multi-year agreement with Bacardi for distribution of premium spirits & ARTD brands in Australia began towards the end of the year.

• Revenue/UC ^[10] growth impacted by Suntory exit (~3% impact on FY revenue). Revenue/UC growth excluding alcohol driven by headline price increases & mix benefit from growth of mini cans, small PET & Monster.

Southeast Asia ^[4],[12]

• Flat FY volumes with growth in the Philippines offset by double-digit decline in Indonesia.

• Philippines FY volumes (cycling FY24 +11.0%) impacted by typhoon related flooding in Q3 returning to growth in Q4 & broadly in line with expectations. Volumes driven by growth of Coca-Cola Original Taste & Wilkins Pure water. Coca-Cola Zero Sugar also performed well though from a small base.

• Indonesia FY volumes declined double-digit, better in H2 versus H1, reflecting a weaker consumer & macroeconomic backdrop. Frestea RTD tea relaunched with new identity & flavours (Blackcurrant now #1 flavoured brand). The transformation of our route to market, designed to be more agile & cost effective & focused on unlocking topline growth was executed by the end of the year.

• Positive revenue/UC ^[10] largely reflects headline price increases in the Philippines during Q4'24.

FY & Q4 Volume Performance by Category ^[1],[4],[6]

All values are unaudited & all references to volumes are on an adjusted comparable basis. All changes are versus prior year equivalent period unless stated otherwise.

	Fourth quarter			Full Year
	% of Total	% Change		% of Total	% Change
Coca-Cola®	59.9 %	(1.1) %		59.2 %	(0.1) %
Flavours & Mixers	21.2 %	(1.8) %		21.5 %	(1.3) %
Water, Sports, RTD Tea & Coffee [13]	11.3 %	3.7 %		11.7 %	0.2 %
Other inc. Energy	7.6 %	6.8 %		7.6 %	7.5 %
Total	100.0 %	(0.1) %		100.0 %	0.2 %

Coca-Cola^®

Q4: -1.1%; FY: -0.1%

• Great activation & execution of return of 'Share a Coke' campaign & English Premier League campaign & Star Wars collaborations across our markets.

• FY Coca-Cola Original Taste -2.1% supported by new campaigns, with growth in APS driven by the Philippines & PNG offset by Europe.

• FY Coca-Cola Zero Sugar +5.3% driven by Europe & double-digit growth in Australia & the Philippines.

• Improved Diet Coke performance supported by 'This is My Taste' campaign & innovation in GB.

Flavours & Mixers

Q4: -1.8%; FY: -1.3%

• FY Sprite +0.6% supported by new listings & limited editions in GB & FBN, offset by decline in Indonesia.

• Second year of Fanta Halloween horror collection campaign supported volumes in Q4. FY volumes -2.8%, largely driven by decline in Indonesia & Germany.

• Strong double-digit Dr. Pepper growth in GB driven by new Cherry Crush variant.

Water, Sports, RTD Tea & Coffee ^[13]

Q4: +3.7%; FY: +0.2%

• Water FY +4.6% driven by Wilkins Pure in the Philippines, Aquabona in Iberia & Chaudfontaine in FBN.

• Sports FY +4.5% driven by growth of Aquarius in Spain, supported by launch at start of the year of Red Peach variant. BodyArmor launched in Iberia & NZ in Q4.

• FY RTD Tea & Coffee -13.8% driven by Frestea decline in Indonesia & well executed transition to Fuze Tea in Spain (now the market leader).

Other inc. Energy

Q4: +6.8%; FY: +7.5% (+13.5% ex. Juices)

• Energy FY +18.8% supported by innovation & distribution gains e.g. Lando Norris & Ultra Vice with growth in original variants e.g. White Zero Ultra. Energy share +200bps.

• Juices -10.0% due to Capri Sun strategic de-listing in Europe, now fully annualised.

• ARTD continuing to perform strongly with growing share in Europe, supported by launch of Bacardi & Coke & flavour variants of Jack Daniel's & Coke & Absolut Sprite. Exit of Suntory alcohol distribution in Australia mid-year, making way for TCCC portfolio, with new Bacardi spirits distribution in place from Q4.

Conference Call

• 17 February 2026 at 12:00 GMT, 13:00 CET & 07:00 a.m. EST; accessible via www.cocacolaep.com

• Replay & transcript will be available at www.cocacolaep.com as soon as possible

Financial Calendar

• Annual Report & Form 20F published: 13 March 2026

• Q1 2026 trading update: 28 April 2026

• Financial calendar available here: https://ir.cocacolaep.com/financial-calendar/

Contacts

Investor Relations

Sarah Willett	Matt Sharff	Samina Khan	Dimitar Todorchev
sarah.willett@ccep.com	msharff@ccep.com	skhan@ccep.com	dtodorchev@ccep.com

Media Relations

mediaenquiries@ccep.com

About CCEP

Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move and sell some of the world's most loved brands - serving nearly 600 million consumers and helping over 4 million customers across 31 countries grow.

We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support.

The Company is currently listed on Euronext Amsterdam, NASDAQ, London Stock Exchange and on the Spanish Stock Exchanges, and a constituent of both the Nasdaq 100 and FTSE 100 indices, trading under the symbol CCEP (ISIN No. GB00BDCPN049)

For more information about CCEP, please visit www.cocacolaep.com & follow CCEP on LinkedIn

___________________________

1. Refer to 'Note Regarding the Presentation of Adjusted financial information and Alternative Performance Measures' for further details & to 'Supplementary Financial Information' for a reconciliation of reported to comparable & reported to adjusted comparable results; Change percentages against prior year equivalent period unless stated otherwise

2. A unit case equals approximately 5.678 litres or 24 8-ounce servings

3. Comparable & FX-neutral

4. Non-IFRS adjusted comparable financial information as if the acquisition of Coca-Cola Beverages Philippines, Inc (CCBPI) occurred at the beginning of 2024 for illustrative purposes only. It does not intend to represent the results had the acquisition occurred at the dates indicated or project the results for any future dates or periods. Acquisition completed on 23 February 2024. Prepared on a basis consistent with CCEP IFRS accounting policies and includes acquisition accounting adjustments for the period 1 January to 23 February. Refer to 'Note Regarding the Presentation of Adjusted financial information and Alternative Performance Measures' for further details.

5. External data sources: Nielsen & IRI Period FY25

6. Reflects selling day shift with 1 less selling day versus FY'24. Excluding selling days adjustment, FY'25 volumes were CCEP -0.2% (Europe -0.5%, APS +0.5%)

7. Dividends subject to Board approval

8. Includes France, Monaco, Belgium, Luxembourg, the Netherlands, Norway, Sweden & Iceland

9. Includes Spain, Portugal & Andorra

10. Revenue per unit case

11. Includes Australia, New Zealand, the Pacific Islands & Papua New Guinea

12. Includes Philippines & Indonesia

13. RTD refers to ready to drink

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SOURCE: Coca-Cola Europacific Partners plc

View the original press release on ACCESS Newswire

FAQ

What is the size and approval status of CCEP's €1bn share buyback (CCEP)?

CCEP announced a further €1bn buyback, subject to shareholder approval at the 2026 AGM. According to the company, the programme runs across 2026 pending AGM approval and further operational details will be released separately.

What were CCEP's FY2025 revenue and comparable operating profit (CCEP)?

CCEP reported FY2025 revenue of €20,901m and adjusted comparable operating profit of €2,808m. According to the company, operating profit rose +7.1% on a comparable FX-neutral basis versus FY2024.

How much free cash flow did CCEP generate in FY2025 and what was capex (CCEP)?

CCEP generated comparable free cash flow €1,836m in FY2025 after investing ~€1bn in capex. According to the company, net cash from operations was €2,953m with capex focused on future growth.

What FY2026 revenue and operating profit guidance did CCEP give (CCEP)?

CCEP guided FY2026 revenue growth of 3%–4% and operating profit growth of ~7% on a comparable FX-neutral basis. According to the company, guidance assumes current market conditions and hedging of ~80% commodities.

How did the exit of Suntory alcohol distribution affect CCEP's results (CCEP)?

The exit of Suntory alcohol distribution reduced FY revenue by about 0.5% and impacted APS regional revenue. According to the company, removal of alcohol distribution also affected Q4 revenue/UC comparisons.

What drove volume performance in Indonesia and its impact on CCEP FY2025 (CCEP)?

Indonesia volumes fell by a double-digit percentage in FY2025, reflecting a weaker consumer and macroeconomic backdrop. According to the company, H2 improved versus H1 but FY decline materially weighed on SEA results.