UXBRIDGE, ENGLAND / ACCESS Newswire / August 4, 2026 / Strong first half performance; full-year guidance reaffirmed

H1 2026 Total CCEP Key Financial Metrics^[1]	As Reported		Comparable ^[1]	Change vs H1 2025
H1 2026 Total CCEP Key Financial Metrics^[1]	As Reported		Comparable ^[1]	As Reported	Comparable ^[1]	Comparable FXN ^[1]
Volume (M UC)^[2]	2,041		2,041	5.6%*
Revenue per UC^[2],[3] (€)			5.34			0.4 %
Revenue (€M)	10,724		10,724	4.4 %	4.4 %	6.1 %
Operating profit (€M)	1,458		1,481	6.9 %	6.5 %	8.1 %
Diluted EPS (€)	2.17		2.20	9.1 %	9.2 %	10.6 %
Comparable free cash flow (€M)			435
Interim dividend per share (€)		0.82

* Volume disclosed on a reported basis which includes six additional consumption days versus the comparative period. On a days adjusted basis Group volumes grew by 2.2% (Europe: +1.6%; APS: +3.5%)^[4]. Volume % throughout the release refers to days adjusted movements unless otherwise stated.

DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID:

"We delivered a strong first half, with balanced revenue growth, continued share gains and disciplined cost and cash management. Our performance reflects the strength of our broad beverage portfolio, the consumer demand for value and the relevance of our innovation across faster-growing categories such as zero sugar, energy and hydration, supported by quality in-market execution and exciting activations including the FIFA World Cup.

"While the consumer environment remains challenging, and the full impact of the ongoing situation in the Middle East remains uncertain, our first half performance demonstrates the resilience of our business and the strength of our growth model.

"We are reaffirming our full-year guidance and remain focused on our strategic priorities which include; expanding cooler coverage, winning more customers and accelerating growth in the Philippines and Indonesia.

"We are actively managing pricing, promotions, discretionary spend and efficiencies, alongside record investment, with a focus on AI, technology and our supply chain, to drive future growth. We are confident we have the right strategy, the execution discipline and the brand partnerships to deliver on our mid-term objectives and create continued value for shareholders."

___________________________

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

H1 Financial Summary

H1 2026 Metric^[1]	As Reported		Comparable ^[1]	Change vs H1 2025
H1 2026 Metric^[1]	As Reported		Comparable ^[1]	As Reported	Comparable ^[1]	Comparable FXN ^[1]
Total CCEP
Volume (M UC)^[2]	2,041		2,041	5.6 %
Revenue (€M)	10,724		10,724	4.4 %	4.4 %	6.1 %
Cost of sales (€M)	6,936		6,934	4.5 %	4.4 %	6.3 %
Operating profit (€M)	1,458		1,481	6.9 %	6.5 %	8.1 %
Profit after taxes (€M)	991		1,007	5.8 %	5.9 %	7.5 %
Diluted EPS (€)	2.17		2.20	9.1 %	9.2 %	10.6 %
Revenue per UC^[2],[3] (€)			5.34			0.4 %
Cost of sales per UC^[2],[3] (€)			3.46			0.6 %
Comparable free cash flow (€M)			435

Interim dividend per share^* (€)		0.82

Europe
Volume (M UC)^[2]	1,308		1,308	5.0 %
Revenue (€M)	7,911		7,911	5.9 %	5.9 %	6.4 %
Operating profit (€M)	1,110		1,133	3.7 %	7.6 %	8.1 %
Revenue per UC^[2],[3] (€)			6.08			1.3 %

APS (Australia, Pacific & Southeast Asia)
Volume (M UC)^[2]	733		733	6.9 %
Revenue (€M)	2,813		2,813	0.4 %	0.4 %	5.4 %
Operating profit (€M)	348		348	18.4 %	3.3 %	8.3 %
Revenue per UC^[2],[3] (€)			4.03			(1.5) %

*First half interim dividend per share of €0.82 (declared at Q1 & paid in May), calculated as 40% of the FY25 dividend

Volume disclosed on a reported basis which includes six additional consumption days versus the comparative period. On a days adjusted basis Group volumes grew by 2.2% (Europe: +1.6%; APS: +3.5%)^[4].

Winning today, creating tomorrow: delivering against our strategic priorities

Broaden total beverage portfolio

Continued focus on innovation in zeros; H1 volumes up ~10%
Strong Coke Zero Sugar Zero Caffeine performance post relaunch
Sports +12% driven by Powerade innovation & activation (inc. launch in Indonesia)
Strong growth in Energy supported by wider distribution & successful innovation e.g.Viking Berry; share +230bps

Win through execution

Biggest ever FIFA World Cup activation; over 500k displays
>80k new coolers added (~5% total increase) driving distribution & mix
New customer wins including; Parkdean Resorts & Papa John's (GB), Dominos (Aus) & Marriott
Deposit Return Scheme launched in Portugal; cross border recycling programme launched across Pacific Islands

Sharpen competitiveness

Innovative cross-channel promotions driving engagement
Efficiencies drove margin expansion with further reduction in opex % of revenue
Scaling up new shared service capability in Manila; now over 250 colleagues

Scale Southeast Asia growth engine

Indonesia sparkling volumes in growth - supported by new RTM model & innovation e.g. Sprite Nipis Mint & Coke Zero Vanilla
Continued profitable topline momentum in the Philippines; EBIT margin close to 10% target
New Philippines facility on track to start production in 2027

Unlock growth with AI & tech

S/4HANA deployment on track & progressing well
AI & data training workshops for 8,000 colleagues
KIRA, our agentic AI application generating deeper brand insights & enabling faster market decisions
Enhanced promo evaluation & pricing tools supporting more sophisticated Revenue & Margin Growth Management

Great brands, great people, great execution, done sustainably

H1 & Q2 Revenue Highlights^[1]

H1 Revenue: Reported +4.4%; FXN +6.1%

Remain the #1 value creator^[5] in retail, delivering more revenue growth for customers than any FMCG peers
NARTD category^[5] remains resilient: value +4%, volume +3%
CCEP total value share^[5] +20bps led by +30bps improvement in Europe, partly offset by 30bps decline in APS
Transactions slightly behind volume growth; ahead in APS & behind in Europe, primarily reflecting growth of large format packs
Volume +2.2%^[4],[6]
- By geography:
- Europe +1.6% reflecting great in-market execution, innovation & growth of large format packs in the Home channel
- APS +3.5% reflecting:
  - Australia/Pacific (AP): low single-digit increase driven by continued momentum with high-digit growth across PNG, Pacific Islands & NZ; mid single-digit increase excluding impact of Suntory alcohol exit in Australia & NZ
  - Southeast Asia (SEA): volumes growing mid single-digit with encouraging sparkling growth in Indonesia (cycling H1'25 -14.8%) & solid performance in the Philippines- By channel:

Away from Home (AFH) +1.6%, Home +3.5%

Europe: AFH -0.6% (Q1: -1.2%), Home +3.1% (Q1: +3.1%)
APS: AFH +4.0% (Q1: +2.5%), Home +5.0% (Q1: +2.4%)
Revenue per unit case +0.4%^[2],[3] reflects positive headline pricing, promotional optimisation & positive pack mix, partly offset by Suntory alcohol exit
- Europe: +1.3% reflecting positive brand mix, headline price increases & promotional optimisation, partly offset by negative pack mix impact from growth of large pack formats
- APS: -1.5% reflecting positive brand & pack mix, headline price increases & promotional optimisation, offset by ~3% impact of Suntory exit

Q2 Revenue: Reported +2.5%; FXN +3.3%

Volume +3.2%^[4],[6]

- By geography:

Europe +2.3% supported by great activation especially around FIFA World Cup & favourable weather in June - reflected in continued share improvement
APS +5.0% reflecting:
- AP: broadly flat (low single-digit increase excluding Suntory exit) reflecting double-digit growth in PNG offsetting low single-digit decline in Australia (cycling tough comparables)
- SEA: high single-digit increase reflecting solid performance in the Philippines & encouraging growth in Indonesia

- By channel: AFH +2.8%, Home +4.3%

Europe: AFH +0.5%, Home +3.6%
APS: AFH +5.5%, Home +7.5%
Revenue per unit case +0.1%^[2],[3]
- Europe: +1.3% reflecting positive brand mix, headline pricing & promotional optimisation, partly offset by negative pack mix from growth of large pack formats
- APS: -2.9% driven by impact of Suntory exit

Volume %s refer to days adjusted movements.

H1 Highlights & FY26 Guidance^[1]

H1 Highlights

Operating profit: Reported +6.9%; Comparable FXN +8.1%
- Cost of sales per unit case +0.6%^[2],[3] (H1 25: +3.6%) reflecting increased revenue per unit case driving higher concentrate costs, manufacturing inflation & tax impacts
- Comparable operating profit of €1,481m, +8.1%^[3] reflecting topline growth, productivity & efficiency programmes & management of discretionary spend. Reported operating profit of €1,458m, +6.9%
- Comparable diluted EPS of €2.20, +10.6%^[3] (reported €2.17, +9.1%)
Comparable free cash flow: €435m reflecting solid performance (net cash flows from operating activities of €1,035m)
Dividend per share €0.82 (declared Q1, paid in Q2) calculated as ~40% of FY25 dividend

FY26 guidance reaffirmed^[1]

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

(Based on current spot rates, FX represents a full year headwind of ~40 basis points to revenue & ~10 basis points to operating profit)

Revenue: growth of 3% to 4%
- Six extra days in Q1 26, six fewer in Q4 26
- 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 ~90% 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: €1bn over the course of the year; €593m complete as at 31 July

SECOND QUARTER & FIRST HALF REVENUE PERFORMANCE BY GEOGRAPHY^[1]

All values are unaudited and all volume %s refer to days adjusted movements.

	Second Quarter			First Half
			Fx-Neutral			Fx-Neutral
	€ million	% change	% change	€ million	% change	% change
FBN^[8]	1,575	4.6 %	4.0 %	2,861	7.1 %	6.4 %
Germany	862	0.1 %	0.1 %	1,619	4.7 %	4.7 %
Great Britain	970	3.4 %	5.5 %	1,792	5.6 %	8.7 %
Iberia^[9]	955	4.6 %	4.6 %	1,639	5.4 %	5.4 %
Total Europe	4,362	3.4 %	3.7 %	7,911	5.9 %	6.4 %
Australia / Pacific^[11]	785	1.7 %	(2.5) %	1,662	3.0 %	2.7 %
Southeast Asia^[12]	576	(3.2) %	7.9 %	1,151	(3.3) %	9.0 %
Total APS^[4]	1,361	(0.4) %	2.0 %	2,813	0.4 %	5.4 %

Total CCEP^[4]	5,723	2.5 %	3.3 %	10,724	4.4 %	6.1 %

FBN^[8]

H1 low single-digit volume increase; all markets growing in Q2, including France now cycling sugar tax, reflecting great execution & favourable weather.
Double-digit growth in Monster driven by innovation, distribution gains & new listings in France, Sweden & the Netherlands.
France sugar tax contributed to decline in Coca-Cola Original Taste, offset by double-digit growth of Coca-Cola Zero Sugar. Strong growth in Powerade, Sprite & Chaudfontaine.
H1 revenue/UC^[10] growth driven by headline price increase, French sugar tax (March 2025) & positive mix driven by Monster & growth in small packs.

Germany

H1 volume in slight decline reflecting continued consumer focus on affordability & value for money.
Double-digit growth in Coca-Cola Zero Sugar & Zero sugar flavours partly offset declines in Coca-Cola Original Taste.
Strong Monster growth supported by Zero variants & innovation e.g.Viking Berry.
Good growth in Powerade driven by new pack formats, flavour extensions & FIFA World Cup activation.
H1 revenue/UC^[10] growth driven by positive brand & pack mix as well as annualisation of headline price increase implemented in Q3 last year.

Great Britain

H1 mid single-digit volume growth reflecting great FIFA World Cup activation & favourable weather in Q2.
Strong volume growth in Coca-Cola Zero Sugar driven by launch of Cherry Float. Continued Diet Coke momentum, supported by new Cherry variant & Devil Wears Prada collaboration.
Double-digit Monster growth supported by innovation e.g.Viking Berry & Ultra Vice Guava. Volumes also benefited from new Smartwater listings & growth in Powerade driven by new pack formats, flavour extensions & FIFA World Cup activation.
H1 revenue/UC^[10] growth driven by headline price increase in Q2 & positive mix from Monster partly offset by water.

Iberia^[9]

H1 low single-digit volume growth driven by strong Q2 across Home & AFH.
Sports volume growth driven by growing distribution & new listings, as well as launch of Aquarius Extra. Double-digit RTD Tea growth reflected sustained Fuze Tea momentum strengthened by new QSR listing.
Volume benefitted from good growth in Flavours, supported by launch of Fanta Exotic & Sprite Chill, as well as double-digit growth in Monster.
H1 revenue/UC^[10] growth driven by headline price increase partly offset by negative channel & pack mix from growth in QSR.

Australia / Pacific^[11]

Mid single-digit volume increase (excluding alcohol) with growth in all markets (PNG & Pacific Islands growing double-digit). Revenue excluding alcohol +10%.
Coke Trademark volume growth in H1 driven by strong growth in Coca-Cola Zero Sugar & improved performance in Coca-Cola Original Taste. Grinders coffee continued to deliver double-digit volume growth & is now #1 coffee bean brand in Grocery in Australia. Sprite performed well with mid single-digit growth supported by Zero.
Double-digit Energy growth driven by continued strength of Ultra White & launch of both Lando Norris & Ultra Blue Hawaiian in Australia.
Revenue/UC^[10] reflects impact of Suntory exit in Australia & New Zealand. Excluding alcohol, revenue/UC grew low single-digit, supported by headline price increases & positive mix from growth of small pack formats partly offset by growth in Coffee.

Southeast Asia^[12]

Solid mid single-digit volume growth in both the Philippines & Indonesia.
Coke Trademark volume growth in the Philippines driven by continued strength of Coca-Cola Original Taste & double-digit increase in Coca-Cola Zero Sugar. Good growth in Sprite Zero and Royal following new campaign & launch of Grape & Lychee variants. High single-digit growth in Wilkins Pure water supported by new QSR listings.
Sparkling volume growth in Indonesia driven by Coca-Cola Zero Sugar, Fanta & Sprite, supported by innovation (Coca-Cola Zero Vanilla, Fanta Fruit Punch & Sprite Nipis Mint) & supported by the new RTM model. Encouraging early performance from recent launch of Powerade in the growing Sports category.
Revenue/UC^[10] growth driven by headline price increases in the Philippines implemented H2'25 offset by adverse mix from growth in Water.

Q2 & H1 VOLUME PERFORMANCE BY CATEGORY^[1],[4],[6]

All values are unaudited and all volume %s refer to days adjusted movements.

	Second Quarter		First Half
	% of Total	% Change	% of Total	% Change
Coca-Cola®	58.9 %	2.1 %	58.5 %	1.3 %
Flavours & Mixers	20.7 %	1.2 %	21.5 %	1.1 %
Water, Sports, RTD Tea & Coffee^[13]	12.4 %	9.5 %	12.0 %	5.6 %
Other inc. Energy	8.0 %	7.4 %	8.0 %	8.0 %
Total	100.0 %	3.2 %	100.0 %	2.2 %

Coca-Cola^®

Q2: +2.1%; H1: +1.3%

Solid growth driven by the launch of new variants (e.g. Cherry Float in Original Taste & Zero Sugar), 500ml cans & Zero Caffeine in new black & gold packaging underpinned by fantastic activation & execution (FIFA World Cup & Premier League campaigns).
Growth in Coca-Cola Trademark led by Coke Zero Sugar +10.7%, with good growth across both Europe & APS. Coke Original Taste declined 2.6% with growth in APS offset by Europe. Improved Diet Coke performance supported by new Cherry flavour & Devil Wears Prada movie campaign.

Flavours & Mixers

Q2: +1.2%; H1: +1.1%

Sprite H1 +5.9% with solid growth in Europe supported by the launch of Sprite Chill & limited-edition flavour variants in GB. Growth in APS reflects strong growth of Sprite Zero in the Philippines & the launch of Sprite Nipis Mint in Indonesia.
Fanta H1 -0.6% with performance supported by growth in zero variants including new visual identity, upweighted meals activation, new flavours (e.g. Mango), pack introductions (e.g.1L Fruit Punch in Indonesia) & impactful Xbox campaigns.

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

Q2: +9.5%; H1: +5.6%

Water +6.5% reflecting new Smartwater listings in GB, growth of Chaudfontaine in FBN & Wilkins Pure in the Philippines.
H1 Sports +12.1% (Q2: +18%) driven by continued growth of Aquarius in Spain. Powerade grew double-digit driven by great FIFA World Cup activation, new packs, limited edition flavours & distribution gains.
RTD -3.1% H1 (Q2: +1.9%) with Fuze Tea delivering strong growth in Spain offset by decline in Germany & Indonesia (where category is in decline).

Other inc. Energy

Q2: +7.4%; H1: +8.0%

Energy grew +18.6% driven by innovation (e.g. Viking Berry & Ultra Blue Hawaiian), distribution gains, growth in multipacks & continued strength of original variants e.g. Ultra White. Energy share +230bps.
ARTD momentum continued with launch of new Spiced rum Bacardi & Coke (Aus & GB), Absolut Sprite Pineapple & new sleek cans. Exit of Suntory alcohol distribution in Australia & NZ impacted volumes as previously announced.

Conference Call

4 August 2026 at 12:00 BST, 13:00 CEST & 7:00 a.m. EDT; accessible via www.cocacolaep.com
Replay & transcript will be available at www.cocacolaep.com as soon as possible

Financial Calendar

Third quarter trading update: 3 November 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 Contacts

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

_______________________

Refer to 'Note regarding the presentation of alternative performance measures' for further details & to 'Supplementary Financial Information' for a reconciliation of reported to comparable results; Change percentages against prior year equivalent period unless stated otherwise
A unit case equals approximately 5.678 litres or 24 8-ounce servings
Comparable & FX-neutral
Comparable volume growth rates are calculated on an Average Daily Sales (ADS) basis
External data sources: Nielsen & IRI Period 6 YTD
Adjusted for consumption days shift with six additional consumption days H1'26 versus H1'25
Dividends subject to Board approval
Includes France, Monaco, Belgium, Luxembourg, the Netherlands, Norway, Sweden & Iceland
Includes Spain, Portugal & Andorra
Revenue per unit case
Includes Australia, New Zealand, the Pacific Islands & Papua New Guinea
Includes Philippines & Indonesia
RTD refers to ready to drink

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SOURCE: Coca-Cola Europacific Partners plc

View the original press release on ACCESS Newswire