Global drinks manufacturer Coca-Cola saw its net revenue increase by 5% to £9.37bn, and organic revenue rose by 6%.

The beverage giant experienced a 6% increase in price and mix and concentrate sales remained slow.

Coca-Cola’s earnings per share increased by 30% to £0.64, which included the effects of a foreign currency headwind.

James Quincey, chairman and CEO of The Coca-Cola company said: “While the overall environment has continued to be challenging, we’ve stayed flexible — adapting plans where needed and investing for growth.

“By offering choice across our total beverage portfolio and leveraging our franchise model’s unique strengths, we’re gaining ground and strengthening our leadership position. We’re confident we can deliver on our 2025 guidance while also working to achieve our longer-term objectives.”

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Operating income increased by 10% in Europe, the Middle East and Africa, which was impacted by comparability and a currency headwind.

Moving forward, the company maintained its future outlook, expecting to achieve organic revenue growth of between 5% and 6%.

In Jul, the business announced an agreement to acquire a 75% major stake in Coca-Cola Beverages Africa (CCBA) for around £2.55bn in a deal that is expected to close by the end of 2026.

Speaking at the time, Zoran Bogdanovic, CEO of Coca-Cola HBC, said: “We are very excited to announce the acquisition of a majority stake in CCBA, with a path to full ownership.

“We believe we can unlock this growth and create value for our shareholders by leveraging our best-in-class bespoke capabilities, commercial expertise and industry-leading approach to sustainability.”