可口可乐 2025年度报告

FORM 11-K ANNUAL REPORT PURSUANT TO SECTION15(d) OF THESECURITIES EXCHANGE ACT OF1934 For the fiscal year ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION15(d) OF THESECURITIES EXCHANGE ACT OF1934 For the transition period from Commission File No.001-02217 Report of Independent Registered Public Accounting Firm To the Plan Participants and the Plan Administrator of Caribbean Refrescos, Inc. Thrift Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Caribbean Refrescos, Inc. Thrift Plan (the Plan) asof December 31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements presentfairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2025 and 2024, and the changes in its Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’sfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditto obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part ofour audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Supplemental Schedule Required by ERISA The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2025 (referred to as the “supplementalschedule”), has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. Theinformation in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determiningwhether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and We have served as the Plan’s auditor since 2024. Atlanta, GeorgiaJune18, 2026 CARIBBEAN REFRESCOS, INC. THRIFT PLANSTATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS CARIBBEAN REFRESCOS, INC. THRIFT PLANSTATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS Note 1 – Description of Plan The following description of the Caribbean Refrescos, Inc. Thrift Plan (the “Plan”) provides only general information. Participantsshould refer to the Summary Plan Description for a more complete description of the Plan’s provisions. General The Plan was originally adopted effective February 1, 1989, restated effective December 31, 2024. The Plan is a defined contributionpension plan covering a majority of the employees of Caribbean Refrescos, Inc. (the “Company” or “CRI”), a wholly ownedsubsidiary of The Coca-Cola Company. Eligible employees may begin participating in the Plan as of the first enrollment date, asdefined in the Plan document, on or after reaching age 18. Effective January 1, 2021, employees who do not make an affirmative Administration The Company is the named Plan administrator. However, the Thrift Plan Committee of Caribbean Refrescos, Inc. (the “Committee”),on behalf of the Company and as designated in the Plan document, has substantial control of and discretion over the administration ofthe Plan. Banco Popular de Puerto Rico (the “Trustee”) provides trust and custodial services for the Plan, and Transamerica Retirement Contributions The election to contribute to the Plan by employees (“participants”) is voluntary. Participant contributions are in the form of payrolldeductions with the Company currently making a matching contribution equal to 100% of the first 3% of compensation contributed by Participants may contribute to the Plan with “Before-Tax” dollars and/or “After-Tax” dollars. “Before-Tax” contributions are notsubject to current income taxation. For the year ended December31, 2025, participants may contribute to the Plan on a “Before-Tax”basis up to $15,000 of their annual compensation subject to certain limitations imposed by t