Amcor plc (AMCR)

Amcor launches global call for startups for Amcor Lift-Off -- Rigids challengeMay 20, 2026 12:28 PM
PR Newswire (US) ZURICH, May 20, 2026 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced a global call for startups to participate in its Amcor Lift-Off — Rigids challenge. This initiative is part of Amcor Lift-Off, a global program led by the Corporate Venturing & Open Innovation team that connects Amcor with startups shaping the future of packaging. The program connects selected startups with Amcor's R&D, commercial and venturing teams to explore strategic collaboration opportunities and potential investment.Building on the success of previous Amcor Lift-Off initiatives, which have resulted in partnerships across areas such as advanced materials, artificial intelligence and recycling technologies, this challenge focuses on identifying solutions that address key opportunities in rigid packaging and adjacent systems.Focus areas
Startups are invited to submit technologies aligned with one or more of the following areas:Shelf-life indicatorsInjection molding processes and platformsRecyclable barrier technologiesFiber-based packagingDispenser and applicator systemsRetort and pasteurization solutionsSmart packagingRigid and flexible hybrid systems (including refill and reuse models)Recycling, sorting and decontamination technologiesArtificial intelligence and machine learning applicationsAmcor is focused on solutions that can improve performance, enable circularity, enhance consumer experience or unlock new business models across the packaging value chain.Who should apply
Amcor is seeking startups with technologies that are validated beyond early pilot stage and demonstrate clear commercial potential.Program structure
The Amcor Lift-Off program will proceed in three phases:Applications: Open for submissions until June 8, 2026Screening and feedback: Until June 20, 2026Virtual Pitch Day: June 30, 2026Selected startups will be invited to present their solutions to Amcor's R&D, business and corporate venturing teams. Successful teams will have the opportunity to engage with Amcor teams to explore commercial partnerships, pilot projects and investment opportunities, with success measured through strategic adoption and scalability.Visit Amcor Ventures to learn more.About Amcor Lift-Off
Amcor Lift-Off is part of Amcor's global innovation strategy to partner with startups developing differentiated technologies and business models. The program is designed to accelerate the development and scaling of new solutions by combining venture investment with access to Amcor's global capabilities and expertise.About Amcor
Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC
www.amcor.com | LinkedIn | YouTube  View original content to download multimedia:https://www.prnewswire.com/news-releases/amcor-launches-global-call-for-startups-for-amcor-lift-off--rigids-challenge-302777971.htmlSOURCE Amcor Original: Amcor launches global call for startups for Amcor Lift-Off -- Rigids challenge

Amcor (AMCR) rises after revenue beat and higher full-year guidanceMay 6, 2026 8:47 AM
IH Market News Amcor (NYSE:AMCR) moved higher on Wednesday after reporting third-quarter results that topped Wall Street revenue expectations and raising its full-year outlook, supported by continued progress integrating its acquisition of Berry Global.The packaging group posted adjusted earnings per share of $0.96, in line with analyst forecasts.Revenue climbed to $5.91 billion, ahead of consensus estimates of $5.71 billion and up 77% from $3.33 billion in the same quarter last year. Company raises earnings and cash flow outlook Amcor increased its fiscal 2026 adjusted earnings-per-share guidance to a range of $3.98 to $4.03.The midpoint of $4.01 came in above analyst consensus expectations of $3.91.The company also updated its free cash flow forecast for fiscal 2026 to between $1.5 billion and $1.6 billion.Shares rose approximately 3.6% following the announcement. Integration synergies continue to build Adjusted EBITDA increased 87% year over year to $892 million.Adjusted EBITDA margin improved to 15.1%, compared with 14.3% in the prior-year period.Amcor said it generated $77 million in acquisition-related synergies during the quarter, reaching the upper end of management expectations.The company has also completed six divestiture agreements as part of its portfolio optimization strategy following the Berry acquisition, which closed on April 30, 2025. Management highlights progress integrating Berry Global “Third quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor,” said Peter Konieczny, chief executive officer of the company.“Over the past year, we have executed a smooth integration, built a strong leadership structure, and made meaningful progress on synergy delivery and portfolio optimization.” Debt levels and geopolitical pressures remain in focus Net debt stood at $14.27 billion as of March 31, 2026.Amcor also said it continues working to limit the operational impact of the Middle East conflict while navigating a difficult global market environment.Amcor stock price Original: Amcor (AMCR) rises after revenue beat and higher full-year guidance

Amcor Reports Solid Third Quarter Results and Updates Fiscal 2026 GuidanceMay 6, 2026 6:00 AM
PR Newswire (US) ZURICH, May 6, 2026 /PRNewswire/ --Highlights - Three Months Ended March 31, 2026Net sales $5,914 million, up 77% driven by the Berry acquisitionGAAP Net income $278 million including acquisition related costs and GAAP diluted EPS of $0.60Acquisition synergies of $77 million, at upper end of expectationsAdjusted EBITDA $892 million, up 87% and adjusted EBIT $687 million, up 79%Adjusted EBITDA margin of 15.1%, up from 14.3% and adjusted EBIT margin of 11.6%, up modestlyGAAP EPS of $0.60 and Adjusted EPS of $0.96, up 6% YTD Highlights - Nine Months Ended March 31, 2026Net sales $17,108 million, up 72% driven by the Berry acquisitionGAAP Net income $717 million including acquisition related costs and GAAP diluted EPS of $1.55Adjusted EBITDA $2,628 million, up 88% and adjusted EBIT $1,977 million, up 78%Adjusted EBITDA margin of 15.4%, up from 14.1% and adjusted EBIT margin of 11.6%, up from 11.2%Adjusted EPS of $2.79, up 11%Six divestiture agreements reached under previously announced portfolio optimization initiativeFiscal 2026 Guidance:Adjusted EPS $3.98 to $4.03, growth of ~12% at the midpoint; Mitigating impact of Middle East conflictFree Cash Flow revised to be $1.5-1.6 billionAmcor CEO Peter Konieczny said, "Third quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor. Over the past year, we have executed a smooth integration, built a strong leadership structure, and made meaningful progress on synergy delivery and portfolio optimization. While we continue to operate in a challenging market environment, our global scale, diversified portfolio, and strong customer and supplier partnerships position us well. We remain focused on what we can control—ensuring reliable supply, managing costs and pricing responsibly to offset inflation, and supporting our customers. With clear visibility to additional synergy benefits and a proven ability to navigate volatility, we are confident in our outlook and the continued strength of our business."Key Financials (1)(2)(3)




Three Months Ended March 31,
Nine Months Ended March 31, GAAP results




2025 $ million
2026 $ million
2025 $ million
2026 $ millionNet sales




3,333
5,914
9,927
17,108Net income attributable to Amcor plc




196
278
550
717EPS (diluted, $)




0.68
0.60
1.90
1.55


















Reported ?%




Reported ?%

Three Months Ended March 31,

Nine Months Ended March 31,
Adjusted non-GAAP results
2025 $ million
2026 $ million

2025 $ million
2026 $ million
Net sales
3,333
5,914
77
9,927
17,108
72EBITDA
477
892
87
1,397
2,628
88EBIT
384
687
79
1,112
1,977
78Net income
261
446
71
728
1,293
78EPS ($)
0.90
0.96
6
2.51
2.79
11Free Cash Flow
20
(39)


(17)
(93)

All amounts referenced throughout this document are in US dollars unless otherwise indicated and numbers may not add up to the totals provided due to rounding.  (1)  Adjusted non-GAAP results exclude items not considered representative of ongoing operations. Further details on non-GAAP measures and reconciliations to GAAP measures can be found under "Presentation of non-GAAP information".(2)  All prior year results reflect the Amcor plc group, considered the accounting acquirer in the April 30, 2025 combination between Amcor plc and Berry Global.(3)  All periods presented in this release have been retroactively adjusted to reflect the 1-for-5 reverse stock split effected on January 14, 2026. Further details can be found under 'Reverse Stock Split'.Financial ResultsThree months ended March 31, 2026Net sales of $5,914 million were 70% higher than last year on a constant currency basis, including approximately $2.4 billion of acquired sales net of divestments, which represents growth of approximately 71%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix.The Company estimates that volumes were approximately 1.5% lower than estimated combined volumes for the legacy Amcor and legacy Berry businesses in the March quarter last year, excluding non-core and divested businesses. The Company estimates that price/mix did not have a material impact on net sales.Adjusted EBIT of $687 million was 72% higher than last year on a constant currency basis, including approximately $239 million of acquired EBIT net of divestments which represents growth of approximately 62%. The remaining 10% year over year variation mainly reflects synergy benefits from the Berry acquisition of approximately $57 million and continued disciplined execution against cost and productivity initiatives, partly offset by lower volumes.GAAP net interest expense was $153 million and GAAP income tax expense was $32 million. Inclusive of acquisition related financial benefits of approximately $20 million, adjusted net interest expense was $150 million and adjusted tax expense was $91 million representing an effective tax rate of 17.0%.   Adjusted net interest expense was $79 million higher than the prior year primarily as a result of increased acquisition related net debt.Free cash outflow of $39 million was in-line with expectations after funding approximately $78 million of net transaction, restructuring and integration costs.Net debt was $14,266 million at March 31, 2026.Nine months ended March 31, 2026Net sales of $17,108 million were 67% higher than last year on a constant currency basis, including approximately $6.9 billion of acquired sales net of divestments, which represents growth of approximately 69%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (2%) year over year variation reflects the impact of volumes and price/mix. Adjusted EBIT of $1,977 million was 73% higher than last year on a constant currency basis, including approximately $746 million of acquired EBIT net of divestments which represents growth of approximately 67%. The remaining 6% year over year variation mainly reflects synergy benefits from the Berry acquisition of approximately $140 million partly offset by lower volumes. GAAP net interest expense was $460 million and GAAP income tax expense was $84 million. Inclusive of acquisition related financial benefits of approximately $30 million, adjusted net interest expense was $431 million and adjusted tax expense was $253 million representing an effective tax rate of 16.3%.Free cash outflow was $93 million after funding approximately $262 million of net transaction, restructuring and integration costs. Prior to funding of transaction, restructuring and integration related cash costs, cash flow increased by approximately $186 million compared with last year.DividendThe Board's confidence in Amcor's near and long term growth opportunities and ability to generate significant free cash flow is reflected in today's declaration of a quarterly cash dividend of 65.0 cents per share, compared with 63.75 cents per share in the same quarter last year, declared as 12.75 cents per share before adjusting for the 1-for-5 reverse stock split effected on January 14, 2026. The dividend will be paid in US dollars to holders of Amcor's ordinary shares trading on the NYSE. Holders of CDIs trading on the ASX will receive an unfranked dividend of 91.0 Australian cents per share, which reflects the quarterly dividend of 65.0 cents per share converted at an AUD:USD average exchange rate of 0.7167 over the five trading days ended May 4, 2026.The ex-dividend date will be May 27, 2026 for holders of CDIs trading on the ASX and May 28, 2026 for holders of shares trading on the NYSE. For all shareholders, the record date will be May 28, 2026 and the payment date will be June 17, 2026.Fiscal 2026 GuidanceFor the fiscal year ending June 30, 2026, the Company expects:Adjusted EPS of approximately $3.98 to $4.03Represents growth of approximately 12% at the midpointMitigating adjusted EPS impact of Middle East conflictIncludes pre-tax synergy benefits related to the Berry acquisition of $270 millionFree Cash Flow of $1.5 billion to $1.6 billionRelative to previous $1.8 billion to $1.9 billion which assumed ~$200 million of inventory reduction by year end, now reflects higher inventory levels at higher cost to secure customer service levels given the impact of the Middle East conflictAmcor's guidance for fiscal 2026 reflects a full 12 months ownership of the Berry business and does not take into account the impact of potential portfolio optimization actions that may be completed through the year.Amcor's guidance contemplates a range of factors, including ongoing geopolitical developments related to the conflict in the Middle East, which creates a higher degree of uncertainty and additional complexity when estimating future financial results, and actual results could vary materially. Reconciliations of the fiscal 2026 projected non-GAAP measures are not included herein because the individual components are not known with certainty as individual financial statements for fiscal 2026 have not been completed.  Refer to page 14 for further information.Conference CallAmcor is hosting a conference call with investors and analysts to discuss these results on Wednesday, May 6, 2026 at 8:00am US Eastern Daylight Time / Wednesday May 6, 2026 at 10:00pm Australian Eastern Standard Time. Investors are invited to listen to a live webcast of the conference call at our website, www.amcor.com, in the "Investors" section.Those wishing to access the call should use the following toll-free numbers, with the Conference ID: 645052977USA: 833 461 5787 (toll free)Australia: 1800 849 752 (toll free)United Kingdom: 0808 196 8935 (toll free)Singapore: 1800 408 1721 (toll free)Hong Kong: 800 938 481 (toll free)From all other countries, the call can be accessed by dialing +1 585 542 9983 (toll).A replay of the webcast will also be available in the 'Investors" section at www.amcor.com following the call.Segment InformationGlobal Flexible Packaging Solutions segment - March 2026 quarter

Three Months Ended March 31,
Reported ?%
Constant currency ?%

2025 $ million
2026 $ million

Net sales
2,406
3,250
35
29Adjusted EBIT
343
452
32
28Adjusted EBIT / Sales %
14.3
13.9



Net sales of $3,250 million were 29% higher than last year on a constant currency basis including approximately $695 million of acquired sales net of divestments, which represents growth of approximately 29%. The pass through of movements in raw material costs had a favorable impact of approximately 1% on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix. The Company estimates that volumes for the Global Flexible Packaging Solutions segment were approximately 1.5% lower compared to volumes for the combined legacy Amcor and Berry businesses in the March quarter last year.  By market category, volumes were higher in pet food and protein, offset by lower volumes in healthcare and other nutrition.  By region, volumes were lower across North America and Europe, and higher than the prior year across the Asian region. The Company estimates that price/mix had an unfavorable impact of less than (1%) on net sales.Adjusted EBIT of $452 million was 28% higher than last year on a constant currency basis, reflecting approximately $78 million of acquired EBIT, net of divestments which represents growth of approximately 23%.  The remaining 5% year over year growth mainly reflects synergy benefits from the Berry acquisition, favorable cost performance and productivity benefits, partly offset by lower volumes.  Global Flexible Packaging Solutions segment - March 2026 YTD

Nine Months Ended March 31,
Reported ?%
Constant currency ?%

2025 $ million
2026 $ million

Net sales
7,072
9,304
32
27Adjusted EBIT
963
1,256
30
28Adjusted EBIT / Sales %
13.6
13.5



Net sales of $9,304 million were 27% higher than last year on a constant currency basis including approximately $1.9 billion of acquired sales net of divestments, which represents growth of approximately 27%.  The pass through of movements in raw material costs had a favorable impact of approximately 1% on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix. Adjusted EBIT of $1,256 million was 28% higher than last year on a constant currency basis, reflecting approximately $220 million of acquired EBIT, net of divestments which represents growth of approximately 23%.  The remaining 5% year over year growth mainly reflects synergy benefits from the Berry acquisition partly offset by lower volumes.  Global Rigid Packaging Solutions segment - March 2026 quarter

Three Months Ended March 31,
Reported ?%
Constant currency ?%
2025 $ million
2026 $ million

Net sales
927
2,664
187
174Adjusted EBIT
70
276
294
273Adjusted EBIT / Sales %
7.6
10.4



Net sales of $2,664 million were 174% higher than last year on a constant currency basis, including approximately $1.7 billion of acquired sales, which represents growth of approximately 182% and an unfavorable impact of approximately (5%) from the pass through of lower raw material costs. The remaining (3%) year over year variation reflects the impact of volumes and price/mix. Excluding non-core business, the Company estimates that volumes for the Global Rigid Packaging Solutions segment were approximately 1.5% lower compared with volumes for the combined legacy Amcor and Berry businesses in the March quarter last year.  By market category, volumes were higher in liquids, foodservice and beauty & wellness offset by lower volumes in healthcare and other nutrition. By region, volumes in North America were lower than the prior year inclusive of U.S. storm related disruptions. Volumes were higher in Europe and across emerging markets, primarily in Latin America. The Company estimates that price/mix had no material impact on net sales.Adjusted EBIT of $276 million was 273% higher than last year on a constant currency basis, including approximately $175 million of acquired EBIT which represents growth of approximately 253%. The remaining 20% year over year variation mainly reflects synergy benefits from the Berry acquisition and cost reduction initiatives, partly offset by lower volumes. Adjusted EBIT margins of 10.4% were 280 basis points higher than the prior year reflecting the improved quality of the combined business.Global Rigid Packaging Solutions segment - March 2026 YTD

Nine Months Ended March 31,
Reported ?%
Constant currency ?%
2025 $ million
2026 $ million

Net sales
2,855
7,804
173
164Adjusted EBIT
216
824
281
266Adjusted EBIT / Sales %
7.6
10.6



Net sales of $7,804 million, were 164% higher than last year on a constant currency basis, including approximately $5.0 billion of acquired sales net of divestments, which represents growth of approximately 173% and an unfavorable impact of approximately (3%) from the pass through of lower raw material costs.  The remaining (6%) year over year variation reflects lower volumes and price/mix. Adjusted EBIT of $824 million was 266% higher than last year on a constant currency basis, including approximately $580 million of acquired EBIT net of divestments which represents growth of approximately 269%.  The remaining (3%) year over year variation mainly reflects lower volumes and performance in non-core businesses partly offset by synergy benefits from the Berry acquisition and cost reduction initiatives. Adjusted EBIT margins of 10.6% were 300 basis points higher than the prior year reflecting the improved quality of the combined business.About AmcorAmcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enable us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I  LinkedIn  I  YouTubeAmcor plc UK Establishment Address: 83 Tower Road North, Warmley, Bristol, England, BS30 8XP, United KingdomUK Overseas Company Number: BR020803Registered Office: 3rd Floor, 44 Esplanade, St Helier, JE4 9WG, JerseyJersey Registered Company Number: 126984, Australian Registered Body Number (ARBN): 630 385 278 U.S. GAAP Condensed Consolidated Statements of Income (Unaudited)

Three Months Ended March 31, Nine Months Ended March 31, $ in millions, except per share data
2025
20262025
2026Net sales
3,333
5,9149,927
17,108Cost of sales
(2,679)
(4,724)(7,988)
(13,755)Gross profit
654
1,1901,939
3,353Selling, general, and administrative expenses
(266)
(488)(797)
(1,363)Amortization of acquired intangible assets
(37)
(134)(116)
(411)Research and development expenses
(27)
(44)(82)
(128)Restructuring, transaction and integration expenses, net
(32)
(69)(71)
(262)Other income, net
21
649
64Operating income
313
461922
1,253Interest expense, net
(75)
(153)(222)
(460)Other non-operating income/(expenses), net
(1)
2(3)
4Income before income taxes and equity in income of affiliated companies
237
310697
797Income tax expense
(40)
(32)(141)
(84)Equity in income of affiliated companies, net of tax
—
—1
4Net income
197
278557
717Net income attributable to non-controlling interests
(1)
—(7)
—Net income attributable to Amcor plc
196
278550
717USD:EUR average FX rate
0.9507
0.85430.9327
0.8564







Basic earnings per share attributable to Amcor
0.68
0.601.91
1.55Diluted earnings per share attributable to Amcor
0.68
0.601.90
1.55Weighted average number of shares outstanding – Basic
288.6
463.4288.4
463.1Weighted average number of shares outstanding – Diluted
289.1
463.8289.0
463.5All prior periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026. U.S. GAAP Condensed Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended March 31, ($ million)
2025
2026Net income
557
717Depreciation, amortization and impairment
399
1,114Net (gain)/loss on disposal of businesses and investments
(8)
2Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency
(804)
(1,101)Other non-cash items
132
(176)Net cash provided by operating activities
276
556Purchase of property, plant and equipment and other intangible assets
(360)
(687)Proceeds from sales of property, plant and equipment and other intangible assets
9
38Business acquisitions
(11)
(17)Proceeds from divestitures, net of cash divested
113
—Proceeds from sale of affiliated companies and other investments
—
70Net debt proceeds
2,044
1,787Dividends paid
(550)
(894)Purchase of treasury shares, proceeds from exercise of options and tax withholdings for share-based incentive plans
(38)
(57)Cash and cash equivalents included in held for sale
—
(17)Other, including effect of exchange rate on cash and cash equivalents
(26)
(19)Net increase in cash and cash equivalents
1,457
760Cash and cash equivalents balance at beginning of the year
588
827Cash and cash equivalents balance at end of the period
2,045
1,587 U.S. GAAP Condensed Consolidated Balance Sheets (Unaudited)($ million)
June 30, 2025
March 31, 2026Cash and cash equivalents
827
1,587Trade receivables, net
3,426
3,513Inventories, net
3,471
3,362Property, plant, and equipment, net
8,202
7,410Goodwill and other intangible assets, net
18,679
18,639Assets held for sale, net
—
503Other assets
2,461
2,568Total assets
37,066
37,582Trade payables
3,490
2,989Short-term debt and current portion of long-term debt
257
653Long-term debt, less current portion
13,841
15,200Liabilities held for sale
—
177Accruals and other liabilities
7,738
6,901Shareholders' equity
11,740
11,662Total liabilities and shareholders' equity
37,066
37,582









 Components of Fiscal 2026 Net Sales growth
Three Months Ended March 31, Nine Months Ended March 31, ($ million)Global Flexible Packaging SolutionsGlobal Rigid Packaging SolutionsTotalGlobal Flexible Packaging SolutionsGlobal Rigid Packaging Solutions TotalNet sales fiscal year 20263,2502,6645,9149,3047,80417,108Net sales fiscal year 20252,4069273,3337,0722,8559,927Reported Growth %35187773217372FX %6137595Constant Currency Growth %29174702716467RM Pass Through %1(5)—1(3)—Items affecting comparability %29182712717369Organic Growth %(1)(3)(1)(1)(6)(2)Volume %(2)(3)(2)(2)(5)(3)Price/Mix %1—11(1)1 Reconciliation of Non-GAAP MeasuresReconciliation of adjusted Earnings before interest, tax, depreciation, and amortization (EBITDA), Earnings before interest and tax (EBIT), Net income, Earnings per share (EPS) and Adjusted Free Cash Flow

Three Months Ended March 31, 2025
Three Months Ended March 31, 2026
($ million)
EBITDA
EBIT
Net Income
EPS (Diluted)
EBITDA
EBIT
Net Income
EPS (Diluted)
Net income attributable to Amcor
196
196
196
0.68
278
278
278
0.60
Net income attributable to non-controlling interests
1
1




—
—




Tax expense
40
40




32
32




Interest expense, net
75
75




153
153




Depreciation and amortization
131






346






EBITDA, EBIT, Net income, and EPS
443
312
196
0.68
809
463
278
0.60
Impact of hyperinflation
3
3
3
0.01
(2)
(2)
(2)
—
Restructuring, integration and related expenses, net(1)
14
14
14
0.06
59
65
65
0.15
Transaction costs
18
18
18
0.06
4
4
4
0.01
Other
—
—
—
—
22
22
22
0.04
Amortization of acquired intangibles(2)


37
37
0.13


134
134
0.29
Interest expense Berry Transaction




5
—




3
0.01
Tax effect of above items




(12)
(0.04)




(59)
(0.13)
Adjusted EBITDA, EBIT, Net income and EPS
477
384
261
0.90
892
687
446
0.96
Reconciliation of adjusted growth to constant currency growth










% growth - Adjusted EBITDA, EBIT, Net income, and EPS






87
79
71
6
% currency impact








(7)
(7)
(8)
(4)
% constant currency growth








80
72
63
2


















% items affecting comparability(3)








70
62




% from all other sources








10
10




Adjusted EBITDA
477






892






Interest paid, net
(40)






(143)






Income tax paid
(21)






(190)






Purchase of property, plant and equipment andother intangible assets
(117)






(227)






Proceeds from sales of property, plant andequipment and other intangible assets, net of restructuring
2






4






Movement in working capital
(277)






(287)






Other
(4)






(9)






Adjusted Free Cash Flow
20






39






Berry Transaction, restructuring and Integration costs, net
—






(78)






Free Cash Flow
20






(39)






All prior periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.(1) Three months ended March 31, 2026 primarily reflects restructuring and integration costs incurred in connection with the Berry Global acquisition. (2) Amortization of acquired intangible assets from business combinations.(3) Reflects the impact of acquired, disposed, and ceased operations. 

Nine Months Ended March 31, 2025
Nine Months Ended March 31, 2026($ million)
EBITDA
EBIT
Net Income
EPS (Diluted)(1)
EBITDA
EBIT
Net Income
EPS (Diluted)(1)Net income attributable to Amcor
550
550
550
1.90
717
717
717
1.55Net income attributable to non controlling interests
7
7




—
—



Tax expense
141
141




84
84



Interest expense, net
222
222




460
460



Depreciation and amortization
401






1,083





EBITDA, EBIT, Net income and EPS
1,321
920
550
1.90
2,344
1,261
717
1.55Impact of hyperinflation
8
8
8
0.03
13
13
13
0.03Restructuring, integration and related expenses, net(2)
44
44
44
0.15
210
230
230
0.50Transaction costs
27
27
27
0.09
32
32
32
0.07Other
(3)
(3)
(3)
(0.01)
29
29
29
0.06Amortization of acquired intangibles(3)


116
116
0.40


411
411
0.89Interest expense Berry Transaction




5
0.02




29
0.06Tax effect of above items




(19)
(0.07)




(168)
(0.37)Adjusted EBITDA, EBIT, Net income and EPS
1,397
1,112
728
2.51
2,628
1,977
1,293
2.79Reconciliation of adjusted growth to constant currency growth









% growth - Adjusted EBITDA, EBIT, Net income, and EPS






88
78
78
11% currency impact








(5)
(5)
(6)
(3)% constant currency growth








83
73
72
8
















% items affecting comparability(4)








78
67



% from all other sources








5
6



Adjusted EBITDA
1,397






2,628





Interest paid, net
(167)






(406)





Income tax paid
(148)






(381)





Purchase of property, plant and equipment andother intangible assets
(360)






(687)





Proceeds from sales of property, plant andequipment and other intangible assets, net of restructuring
9






13





Movement in working capital
(710)






(899)





Other
(38)






(99)





Adjusted Free Cash Flow
(17)






169





Berry Transaction, restructuring and Integration costs, net
—






(262)





Free Cash Flow
(17)






(93)





All prior periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.(1) Calculation of diluted EPS for the nine months ended March 31, 2025 excludes net income attributable to shares to be repurchased under forward contracts of $1 million.(2) Nine months ended March 31, 2026 primarily reflects restructuring and integration costs incurred in connection with the Berry Global acquisition.(3) Amortization of acquired intangible assets from business combinations.(4) Reflects the impact of acquired, disposed, and ceased operations. Reconciliation of adjusted EBIT by reportable segment

Three Months Ended March 31, 2025
Three Months Ended March 31, 2026($ million)
Global Flexible Packaging Solutions
Global Rigid Packaging Solutions
Other
Total
Global Flexible Packaging Solutions
Global Rigid Packaging Solutions
Other
TotalNet income attributable to Amcor






196






278Net income attributable to non-controlling interests






1






—Tax expense






40






32Interest expense, net






75






153EBIT
303
64
(55)
312
362
187
(86)
463Impact of hyperinflation
—
3
—
3
—
(2)
—
(2)Restructuring, integration and related expenses, net(1)
4
2
8
14
15
21
29
65Transaction costs
—
1
17
18
—
—
4
4Other
1
(2)
1
—
2
10
10
22Amortization of acquired intangibles(2)
35
2
—
37
73
60
1
134Adjusted EBIT
343
70
(29)
384
452
276
(42)
687Adjusted EBIT / sales %
14.3 %
7.6 %


11.5 %
13.9 %
10.4 %


11.6 %Reconciliation of adjusted growth to comparable constant currency growth







% growth - Adjusted EBIT








32
294
—
79% currency impact








(4)
(21)
—
(7)% constant currency growth








28
273
—
72
















% items affecting comparability(3)








23
253
—
62% from all other sources








5
20
—
10(1) Three months ended March 31, 2026 primarily includes costs incurred in connection with the Berry Global acquisition.(2) Amortization of acquired intangible assets from business combinations.(3) Reflects the impact of acquired operations. 

Nine Months Ended March 31, 2025
Nine Months Ended March 31, 2026($ million)
Global Flexible Packaging Solutions
Global Rigid Packaging Solutions
Other
Total
Global Flexible Packaging Solutions
Global Rigid Packaging Solutions
Other
TotalNet income attributable to Amcor






550






717Net income attributable to non-controlling interests






7






—Tax expense






141






84Interest expense, net






222






460EBIT
815
212
(107)
920
934
525
(197)
1,261Impact of hyperinflation
—
8


8
1
12
—
13Restructuring, integration and related expenses, net(1)
30
5
9
44
78
97
55
230Transaction costs
—
1
26
27
8
2
22
32Other
10
(16)
3
(3)
10
6
13
29Amortization of acquired intangibles(2)
108
6
2
116
225
183
3
411Adjusted EBIT
963
216
(67)
1,112
1,256
824
(104)
1,977Adjusted EBIT / sales %
13.6 %
7.6 %


11.2 %
13.5 %
10.6 %


11.6 %Reconciliation of adjusted growth to comparable constant currency growth







% growth - Adjusted EBIT








30
281
—
78% currency impact








(2)
(15)
—
(5)% constant currency growth








28
266
—
73
















% items affecting comparability(3)








23
269
—
67% from all other sources








5
(3)
—
6(1) Nine months ended March 31, 2026 primarily includes costs incurred in connection with the Berry Global acquisition.(2) Amortization of acquired intangible assets from business combinations.(3) Reflects the impact of acquired, disposed, and ceased operations. Reconciliation of net debt($ million)
June 30, 2025
March 31, 2026Cash and cash equivalents
(827)
(1,587)Short-term debt
116
92Current portion of long-term debt
141
561Long-term debt, less current portion
13,841
15,200Net debt
13,271
14,266 Historical net sales and adjusted EBIT by reporting segment Effective January 1, 2026, the Company's flexible operations in Latin America previously included in the Global Flexible Packaging Solutions reportable segment are now reflected in the Global Rigid Packaging Solutions reportable segment as the Company has consolidated management of its flexible and rigid packaging operations under one management team and the Company's Chief Operating Decision Maker is now reviewing results under this new structure.  Prior period amounts have been recast to conform with current period presentation.($ million)
Three Months Ended June 30, 2024Three Months Ended September 30, 2024Three Months Ended December 31, 2024Three Months Ended March 31, 2025Three Months Ended June 30, 2025Three Months Ended September 30, 2025Three Months Ended December 31, 2025Global Flexibles Packaging Solutions - Net Sales

2,467
2,345
2,322
2,406
2,993
3,055
2,998Global Flexibles Packaging Solutions - adjusted EBIT

385
312
309
343
435
409
394Flexibles adjusted EBIT Margin %
15.6
13.3
13.3
14.3
14.5
13.4
13.1
Global Rigids Packaging Solutions - Net Sales

1,067
1,008
920
927
2,088
2,689
2,451Global Rigids Packaging Solutions - adjusted EBIT

93
79
67
70
219
312
236Rigid adjusted EBIT Margin %
8.7
7.8
7.3
7.6
10.5
11.6
9.6
Other - Net Sales














Other - adjusted EBIT

(24)
(26)
(12)
(29)
(43)
(34)
(27)Other adjusted EBIT Margin %














Total Net Sales

3,535
3,353
3,241
3,333
5,082
5,745
5,449Total adjusted EBIT

454
365
363
384
611
687
603Total adjusted EBIT Margin %
12.8
10.9
11.2
11.5
12.0
12.0
11.1
 Cautionary Statement Regarding Forward-Looking Statements
Unless otherwise indicated, references to "Amcor," the "Company," "we," "our," and "us" in this document refer to Amcor plc and its consolidated subsidiaries. This document contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified with words like "believe," "expect," "target," "project," "may," "could," "would," "approximately," "possible," "will," "should," "intend," "plan," "anticipate," "commit," "estimate," "potential," "ambitions," "outlook," or "continue," the negative of these words, other terms of similar meaning, or the use of future dates. Such statements are based on the current expectations of the management of Amcor and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither Amcor nor any of its respective directors, executive officers, or advisors, provide any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur or if any of them do occur, what impact they will have on the business, results of operations or financial condition of Amcor. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Amcor's business, including the ability to successfully realize the expected benefits of the merger of Amcor and Berry Global Group, Inc. Risks and uncertainties that could cause actual results to differ from expectations include, but are not limited to: risks arising from the integration of the Amcor and Berry Global Group, Inc., ("Berry") businesses as a result of the merger completed on April 30, 2025 (the "Transaction" or "Merger"); risk of continued substantial and unexpected costs or expenses resulting from the Transaction; risk that the anticipated benefits of the Transaction may not be realized when expected or in full; risk that the Company's significant indebtedness may limit its flexibility and increase its borrowing costs; risk that the Merger-related tax liabilities could have a material impact on the Company's financial results; risk that the strategic review of our portfolio may cause disruptions to our business or may not result in completion of a transaction to restructure or divest non-core businesses or may not create additional value for our shareholders; changes in consumer demand patterns and customer requirements in numerous industries; risk of loss of key customers, a reduction in their production requirements, or consolidation among key customers; significant competition in the industries and regions in which we operate; an inability to expand our current business effectively through either organic growth, including product innovation, investments, or acquisitions; challenging global economic conditions, including impacts from the Middle East conflict; impacts of operating internationally; price fluctuations or shortages in the availability of raw materials, energy and other inputs, which could adversely affect our business; production, supply, and other commercial risks, including those resulting from geopolitical conflicts and counterparty credit risks, which may be exacerbated in times of economic volatility; pandemics, epidemics, or other disease outbreaks; an inability to attract, develop, and retain our skilled workforce and manage key transitions; labor disputes and an inability to renew collective bargaining agreements at acceptable terms; physical impacts of climate change; significant disruption at a key manufacturing facility; cybersecurity risks, which could disrupt our operations or risk of loss of our sensitive business information; failures or disruptions in our information technology systems which could disrupt our operations, compromise customer, employee, supplier, and other data; rising interest rates that increase our borrowing costs on our variable rate indebtedness and could have other negative impacts; foreign exchange rate risk; a significant write-down of goodwill and/or other intangible assets; a failure to maintain an effective system of internal control over financial reporting; an inability of our insurance policies, including our use of a captive insurance company, to provide adequate protection against all of the key operational risks we face; an inability to defend our intellectual property rights or intellectual property infringement claims against us; litigation, including product liability claims or litigation related to Environmental, Social, and Governance ("ESG") matters, or regulatory developments; increasing scrutiny and changing expectations from investors, customers, suppliers, and governments with respect to our ESG practices and commitments resulting in additional costs or exposure to additional risks; changing ESG government regulations including climate-related rules; changing environmental, health, and safety laws; changes in tax laws or changes in our geographic mix of earnings; and changes in trade policy, including tariff and custom regulations or failure to comply with such regulations.  These risks and uncertainties are supplemented by those identified from time to time in our filings with the Securities and Exchange Commission (the "SEC"), including without limitation, those described under Part I, "Item 1A - Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and as updated by our quarterly reports on Form 10-Q. You can obtain copies of Amcor's filings with the SEC for free at the SEC's website (www.sec.gov). Forward-looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent, except as expressly required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.Presentation of non-GAAP information
Included in this release are measures of financial performance that are not calculated in accordance with U.S. GAAP. These measures include adjusted EBITDA and EBITDA (calculated as earnings before interest and tax and depreciation and amortization), adjusted EBIT and EBIT (calculated as earnings before interest and tax), adjusted net income, adjusted earnings per share, adjusted free cash flow, and net debt.  In arriving at these non-GAAP measures, we exclude items that either have a non-recurring impact on the income statement or which, in the judgment of our management, are items that, either as a result of their nature or size, could, were they not singled out, potentially cause investors to extrapolate future performance from an improper base. Note that while amortization of acquired intangible assets is excluded from non-GAAP adjusted financial measures, the revenue of the acquired entities and all other expenses unless otherwise stated, are reflected in our non-GAAP financial performance earnings measures. While not all inclusive, examples of these items include: material restructuring programs, including associated costs such as employee severance, pension and related benefits, impairment of property and equipment and other assets, accelerated depreciation, termination payments for contracts and leases, contractual obligations, and any other qualifying costs related to restructuring plans; material sales and earnings from disposed or ceased operations and any associated profit or loss on sale of businesses or subsidiaries; changes in the fair value of economic hedging instruments on commercial paper and contingent purchase consideration; pension settlements; impairments in goodwill and equity method investments; material acquisition compensation and transaction costs such as due diligence expenses, professional and legal fees, financing-related expenses; and integration costs; material purchase accounting adjustments for inventory; amortization of acquired intangible assets from business combination; gains or losses on significant property and divestitures and significant property and other impairments, net of insurance recovery; certain regulatory and legal matters; impacts from highly inflationary accounting; expenses related to the Company's CEO and CFO  transition; and impacts related to the Russia-Ukraine conflict and conflict in the Middle East.Amcor also evaluates performance on a comparable constant currency basis, which measures financial results assuming constant foreign currency exchange rates used for translation based on the average rates in effect for the comparable prior year period. In order to compute comparable constant currency results, we multiply or divide, as appropriate, current-year U.S. dollar results by the current year average foreign exchange rates and then multiply or divide, as appropriate, those amounts by the prior-year average foreign exchange rates. We then adjust for other items affecting comparability. While not all inclusive, examples of items affecting comparability include the difference between sales or earnings in the current period and the prior period related to disposed, or ceased operations. Comparable constant currency net sales performance also excludes the impact from passing through movements in raw material costs.  Management has used and uses these measures internally for planning, forecasting and evaluating the performance of the Company's reporting segments and certain of the measures are used as a component of Amcor's Board of Directors' measurement of Amcor's performance for incentive compensation purposes. Amcor believes that these non-GAAP measures are useful to enable investors to perform comparisons of current and historical performance of the Company. For each of these non-GAAP financial measures, a reconciliation to the most directly comparable U.S. GAAP financial measure has been provided herein. These non-GAAP financial measures should not be construed as an alternative to results determined in accordance with U.S. GAAP. The Company provides guidance on a non-GAAP basis as we are unable to predict with reasonable certainty the ultimate outcome and timing of certain significant forward-looking items without unreasonable effort.  These items include but are not limited to the impact of foreign exchange translation, restructuring program costs, asset impairments, possible gains and losses on the sale of assets, certain tax related events, and difficulty in making accurate forecasts and projections in connection with the legacy Berry Global business given recency of access to all relevant information. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP earnings and cash flow measures for the guidance period.Reconciliations of  fiscal 2026 projected non-GAAP measures are not included herein because the individual components are not known with certainty as individual financial statements for fiscal 2026 have not been completed.Reverse Stock Split
On January 14, 2026, the Company filed an amendment to its memorandum of association to effect a 1-for-5 reverse stock split (the "Reverse Split") of the Company's ordinary shares. The Reverse Split became effective on January 14, 2026 and reduced the number of authorized ordinary shares to 1,800,000,000 and increased the par value of the ordinary shares to $0.05 per share. Accordingly, all share and per share amounts for all prior periods presented in the discussion within this release have been adjusted retroactively, where applicable, to reflect the Reverse Split.Presentation of combined volume performance
In order to provide the most meaningful comparison of results of volume performance by region and end market for Amcor plc and for each of its reportable segments, the Company has included commentary to reflect Amcor's estimate of year-over-year volume performance for the three and nine months ended March 31, 2026 compared with estimated combined volumes for the legacy Amcor and Berry Global businesses for the three and nine months ended March 31, 2025. The combined volume performance information has been presented for informational purposes and Amcor believes this information reflects the impact of the combination including allocation of volumes across the combined production footprint since May 1, 2025.  For the avoidance of doubt, combined volume performance information is not intended to be, and was not, prepared on a basis consistent with pro forma financial information required by Article 11 of Regulation S-X.Dividends
Amcor has received a waiver from the ASX's settlement operating rules, which will allow the Company to defer processing conversions between its ordinary share and CDI registers from May 27, 2026 to May 28, 2026 inclusive. View original content:https://www.prnewswire.com/news-releases/amcor-reports-solid-third-quarter-results-and-updates-fiscal-2026-guidance-302763718.htmlSOURCE Amcor Original: Amcor Reports Solid Third Quarter Results and Updates Fiscal 2026 Guidance

Amcor opens advanced healthcare packaging coating facility in MalaysiaApril 24, 2026 9:55 AM
PR Newswire (US)

A $35 million USD investment brings advanced air-knife coating technology and sterile medical packaging capabilities to Southeast Asia, further strengthening a healthcare regional supply chainZURICH, April 24, 2026 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, yesterday opened an advanced healthcare packaging coating facility in Subang Jaya, Selangor, marking a significant expansion of its manufacturing footprint in Malaysia and Southeast Asia.







The facility, representing an investment of over $35 million USD, introduces air-knife coating technology to the region for the production of coated medical paper used in sterile medical device packaging. Facilitated by Malaysian Investment Development Authority (MIDA), this investment further strengthens Malaysia's position as an integrated regional hub for healthcare packaging, enhancing supply chain resilience through local access."Amcor's investment reinforces Malaysia's position as a strategic center for advanced manufacturing in the region," said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA. "Beyond expanding capacity, this facility strengthens local supply chain resilience, accelerates technology adoption and supports the development of skilled Malaysian talent, in line with the New Industrial Master Plan 2030 and our National Investment Aspirations. MIDA will continue to facilitate high-quality investments that generate sustainable, long-term value for Malaysia."The facility expands Amcor's existing healthcare packaging operations into a fully integrated manufacturing site, positioned to support healthcare customers across the region with greater speed and reliability. By localizing production, Amcor gains dual sourcing options, strengthens long-term supply chain reliability and creates a platform for pilot-to-production scale-up, supporting rapid trials, closer technical collaboration and faster commercialization for regional customers.Amcor's investment adds to a growing pipeline of high-value commitments to Malaysia's medical device industry. In 2025, Malaysia approved RM152 million in medical device investments, signalling sustained global confidence in the country as a preferred manufacturing base for the healthcare industry."Today marks an important milestone for Amcor and our partners in Malaysia. The opening of this new coating facility underscores our long-term commitment to supporting our partners in the healthcare sector across Asia Pacific," said Chris Kenneally, President, Amcor Flexibles Asia Pacific. "It also demonstrates the strength of collaboration across our global network in bringing advanced capabilities to the region and serving customers more effectively."A key aspect of the project is the strong collaboration across Amcor's global network, particularly the technology and knowledge transfer that enabled the successful setup of the facility. The company's technical specialists from the United States worked closely with the Malaysian team in installation, commissioning and hands-on operational training, embedding advanced manufacturing capabilities locally.The facility is equipped with state-of-the-art production systems, including advanced inspection and automated manufacturing processes, designed to deliver consistent quality and reliability for healthcare packaging applications. Purpose-built for both precision and scale, it incorporates closed-loop process controls, in-line quality monitoring and optimized drying systems to enhance product consistency.The opening reinforces Malaysia's growing attractiveness for advanced, knowledge-intensive manufacturing investment, building on established strengths in electronics, medical devices and specialized industrial production.About AmcorAmcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMCwww.amcor.com | LinkedIn | YouTube About MIDAMIDA is the government's principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.



View original content to download multimedia:https://www.prnewswire.com/news-releases/amcor-opens-advanced-healthcare-packaging-coating-facility-in-malaysia-302752965.htmlSOURCE Amcor

Original: Amcor opens advanced healthcare packaging coating facility in Malaysia

Amcor to report fiscal 2026 third quarter resultsApril 21, 2026 9:22 PM
PR Newswire (US)

ZURICH, April 21, 2026 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its fiscal 2026 third quarter results for the three month period ended 31 March 2026, before the US market opens on Wednesday 6 May 2026 at approximately 6.00am US Eastern Daylight Time / 8.00pm Australian Eastern Standard Time.A conference call and webcast to discuss the results will be held at 8.00am US Eastern Daylight Time / 10.00pm Australian Eastern Standard Time on Wednesday 6 May 2026.  For those wishing to participate in the call, please use the following toll-free dial-in numbers:USA:                          833 461 5787
Australia:                   1800 849 752  
United Kingdom:        0808 196 8935
Hong Kong:               800 938 481
Singapore:                 1800 408 1721
All other countries:     +1 585 542 9983 (this is not a toll-free number)Conference ID            645052977Those wishing to pre-register for the call can do so at the following link. A unique dial-in code will be provided upon registration.Those wishing to pre-register and access the webcast can do so here.  A webcast replay will be available at the conclusion of the call.Access to the webcast and supporting materials will be available via the Investors section of Amcor's website (www.amcor.com/investors).About Amcor 
Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons, and closures, that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC  www.amcor.com  I  LinkedIn? I? YouTube



View original content:https://www.prnewswire.com/news-releases/amcor-to-report-fiscal-2026-third-quarter-results-302749507.htmlSOURCE Amcor

Original: Amcor to report fiscal 2026 third quarter results

Amcor's Earth Sense® Pro wins FPA award for advancing ultra-performance stretch hand filmMarch 19, 2026 10:05 AM
PR Newswire (US)

Amcor recognized for sustainability leadership at 2026 Flexible Packaging Association Achievement AwardsZURICH, March 19, 2026 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, has been recognized with a Silver Flexible Packaging Achievement Award in the Sustainability category for its Earth Sense® Pro Recycled Content Stretch Hand Film. The award was presented during the Flexible Packaging Association's (FPA) 2026 Annual Meeting in Orlando, Florida.







"We are proud to be recognized by the FPA for innovations that help our customers reduce their environmental footprint," said Phil Stolz, President, Amcor Flexibles Converter & Distribution. "This award reflects Amcor's commitment to advancing more sustainable packaging solutions across our portfolio."Amcor's Earth Sense® Pro Recycled Content Stretch Hand Film is an ultra-performance solution designed for manually wrapping pallets while significantly reducing environmental impact. Engineered with 30% post-consumer recycled (PCR) and 5% post-industrial recycled (PIR) content, the film supports secure, stable loads through every stage of transport and storage. Its high load-containment capability helps minimize breakage, damage and loss while reducing reliance on virgin materials and helping divert plastic waste from landfills and oceans — supporting Amcor's progress toward a circular economy.The film's downgaugeable structure delivers outstanding load containment, toughness and ease of application, offering significant lightweighting opportunities without compromising protective performance. Its 28-gauge film offers performance comparable to — and often exceeding — films of twice the thickness, helping maintain wrap integrity while using less material. Its lightweight rolls enhance operator comfort, while the damage-resistant design helps reduce film waste.This technical achievement represents a breakthrough for PCR integration in stretch film, which is an application historically challenged by thin-gauge performance requirements and sensitivity to defects. Until recently, PCR was limited to thicker stretch films; but by achieving 30% PCR content at 28-gauge thickness, Amcor has expanded the feasibility of PCR in a broader range of stretch film uses.For 70 years, the FPA Achievement Awards have celebrated innovation and technical excellence across the flexible packaging industry. This year, the competition received 360 submissions, with 36 innovative solutions recognized for advancing performance, functionality and sustainability in packaging.About AmcorAmcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMCwww.amcor.com | LinkedIn | YouTube



View original content to download multimedia:https://www.prnewswire.com/news-releases/amcors-earth-sense-pro-wins-fpa-award-for-advancing-ultra-performance-stretch-hand-film-302718819.htmlSOURCE Amcor

Original: Amcor's Earth Sense® Pro wins FPA award for advancing ultra-performance stretch hand film

Amcor Reports Solid Second Quarter Results and Reaffirms Fiscal 2026 GuidanceFebruary 3, 2026 4:10 PM
PR Newswire (US)

Highlights - Three Months Ended December 31, 2025Net sales $5,449 million, up 68% driven by the Berry acquisitionGAAP Net income $177 million including acquisition related costs and GAAP diluted EPS of $0.38Acquisition synergies of $55 million at upper end of expectations and targets reaffirmedAdjusted EBITDA $826 million, up 83% and adjusted EBIT $603 million, up 66%Adjusted EBITDA margin of 15.2%, up from 14% and adjusted EBIT margin of 11.1%, flatAdjusted EPS of $0.86, up 7%Free Cash Flow $289 million including Berry transaction, restructuring and integration costs of $69 millionQuarterly dividend of $0.65 declaredHighlights - Fiscal First Half Ended December 31, 2025Net sales $11,194 million, up 70% driven by the Berry acquisitionGAAP Net income $439 million including acquisition related costs and GAAP diluted EPS of $0.95Adjusted EBITDA $1,736 million, up 89% and adjusted EBIT $1,290 million, up 77%Adjusted EBITDA margin of 15.5%, up from 13.9% and adjusted EBIT margin of 11.5%, up from 11.0%Adjusted EPS of $1.83, up 14%Fiscal 2026 Guidance Reaffirmed:Adjusted EPS $4.00-$4.15 representing 12-17% constant currency growthFree Cash Flow $1.8-1.9 billionZURICH, Feb. 3, 2026 /PRNewswire/ -- Amcor CEO Peter Konieczny said, "Our Q2 financial performance was in line with expectations in a challenging volume environment. Strong Adjusted EPS growth was driven by disciplined execution and synergy benefits from the Berry acquisition at the upper end of expectations. Performance through the first half of the year supports our confidence in reaffirming fiscal 2026 earnings and free cash flow guidance. Portfolio optimization actions are progressing well, positioning us to be the global leader in consumer packaging and dispensing solutions for nutrition, health, beauty and wellness."
Key Financials (1)(2)(3)




Three Months Ended
December 31,
Six Months Ended
December 31, GAAP results




2024 $
million
2025 $
million
2024 $
million
2025 $
millionNet sales




3,241
5,449
6,594
11,194Net income attributable to Amcor plc




163
177
354
439EPS (diluted, $)




0.56
0.38
1.22
0.95


















Reported ?%




Reported ?%

Three Months Ended
December 31,

Six Months Ended
December 31,
Adjusted non-GAAP results
2024 $
million
2025 $
million

2024 $
million
2025 $
million
Net sales
3,241
5,449
68
6,594
11,194
70EBITDA
453
826
83
919
1,736
89EBIT
363
603
66
728
1,290
77Net income
233
400
72
467
848
82EPS ($)
0.80
0.86
7
1.61
1.83
14Free Cash Flow
358
289


(38)
(53)

All amounts referenced throughout this document are in US dollars unless otherwise indicated and numbers may not add up to the totals provided due to rounding.  (1)  Adjusted non-GAAP results exclude items not considered representative of ongoing operations. Further details on non-GAAP measures and reconciliations to GAAP measures can be found under "Presentation of non-GAAP information".(2)  All prior year results reflect the Amcor plc group, considered the accounting acquirer in the April 30, 2025 combination between Amcor plc and Berry Global.(3)  All periods presented in this release have been retroactively adjusted to reflect the 1-for-5 reverse stock split effected on January 14, 2026. Further details can be found under 'Reverse Stock Split.Financial ResultsThree months ended December 31, 2025Net sales of $5,449 million were 63% higher than last year on a constant currency basis, including approximately $2.2 billion of acquired sales net of divestments, which represents growth of approximately 66%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (3%) year over year variation reflects the impact of lower volumes.The Company estimates that volumes were approximately 1.5% lower than estimated combined volumes for the legacy Amcor and legacy Berry businesses in the December quarter last year, excluding non-core and divested businesses. The Company estimates that price/mix did not have a material impact on net sales.Adjusted EBIT of $603 million was 62% higher than last year on a constant currency basis, including approximately $210 million of acquired EBIT net of divestments which represents growth of approximately 58%. The remaining 4% year over year variation mainly reflects synergy benefits from the Berry acquisition of approximately $50 million, continued disciplined execution against cost and productivity initiatives, partly offset by lower volumes, primarily in non-core businesses.GAAP net interest expense was $154 million and GAAP income tax expense was $3 million. Inclusive of acquisition related financial benefits of approximately $5 million, adjusted net interest expense was $140 million and adjusted tax expense was $63 million representing an effective tax rate of 13.6%. Interest expense was $73 million higher than the prior year primarily as a result of increased acquisition related net debt. The effective tax rate was lower than 18.6% in the prior year primarily as a result of discrete tax events which occurred in the current period.Free cash flow of $289 million was in-line with expectations after funding approximately $69 million of net acquisition related cash costs. Net debt was $14,081 million at December 31, 2025.  Six months ended December 31, 2025Net sales of $11,194 million were 66% higher than last year on a constant currency basis, including approximately $4.5 billion of acquired sales net of divestments, which represents growth of approximately 69%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (3%) year over year variation reflects the impact of volumes and price/mix. Adjusted EBIT of $1,290 million was 73% higher than last year on a constant currency basis, including approximately $510 million of acquired EBIT net of divestments which represents growth of approximately 69%. The remaining 4% year over year variation mainly reflects synergy benefits from the Berry acquisition of approximately $83 million partly offset by lower volumes. GAAP net interest expense was $307 million and GAAP income tax expense was $52 million. Inclusive of acquisition related financial benefits of approximately $10 million, adjusted net interest expense was $281 million and adjusted tax expense was $161 million representing an effective tax rate of 16.0%.Free cash outflow was $53 million after funding approximately $184 million of net acquisition related cash costs. Prior to funding of acquisition related cash costs cash flow increased by approximately $170 million compared with last year.DividendThe Board's confidence in Amcor's near and long term growth opportunities and ability to generate significant free cash flow is reflected in today's declaration of a quarterly cash dividend of 65.0 cents per share, compared with 63.75 cents per share in the same quarter last year, declared as 12.75 cents per share before adjusting for the 1-for-5 reverse stock split effected on January 14, 2026. The dividend will be paid in US dollars to holders of Amcor's ordinary shares trading on the NYSE. Holders of CDIs trading on the ASX will receive an unfranked dividend of 93.0 Australian cents per share, which reflects the quarterly dividend of 65.0 cents per share converted at an AUD:USD average exchange rate of 0.6970 over the five trading days ended January 30, 2026.The ex-dividend date will be February 24, 2026 for holders of CDIs trading on the ASX and February 25, 2026 for holders of shares trading on the NYSE. For all shareholders, the record date will be February 25, 2026 and the payment date will be March 17, 2026. Fiscal 2026 Guidance ReaffirmedFor the fiscal year ending June 30, 2026, the Company expects:Adjusted EPS of $4.00 to $4.15Remains unchanged from the previous $0.80 to $0.83 cents per share range, which has been updated to reflect the 1-for-5 reverse stock split effected on January 14, 2026Represents constant currency growth of 12% to 17% compared with $3.56, reported as 71.2 cents per share before adjusting for the 1-for-5 reverse stock split which became effective on January 14, 2026, in fiscal 2025Includes pre-tax synergy benefits related to the Berry acquisition of at least $260 millionFree Cash Flow of $1.8 billion to $1.9 billion.Amcor's guidance for fiscal 2026 reflects a full 12 months ownership of the Berry business and does not take into account the impact of potential portfolio optimization actions that may be completed through the year.Conference CallAmcor is hosting a conference call with investors and analysts to discuss these results on Tuesday February 3, 2026 at 5:30pm US Eastern Standard Time / Wednesday February 4, 2026 at 9:30am Australian Eastern Daylight Time. Investors are invited to listen to a live webcast of the conference call at our website, www.amcor.com, in the "Investors" section.Those wishing to access the call should use the following toll-free numbers, with the Conference ID: 8282712USA: 800 715 9871 (toll free)USA: 646 307 1963 (local)Australia: 1800 519 630 (toll free), 02 9133 7103 (local)United Kingdom: 0800 358 0970 (toll free), 020 3433 3846 (local)Singapore: +65 3159 5133 (local)Hong Kong: +852 3002 3410 (local)From all other countries, the call can be accessed by dialing +1 646 307 1963 (toll).A replay of the webcast will also be available in the 'Investors" section at www.amcor.com following the call.Segment InformationGlobal Flexible Packaging Solutions segment - December 2025 quarter


Three Months Ended December 31,
Reported
?%
Constant
currency ?%

2024 $ million
2025 $ million

Net sales
2,511
3,188
27
23Adjusted EBIT
322
402
25
22Adjusted EBIT / Sales %
12.8
12.6



Net sales of $3,188 million, were 23% higher than last year on a constant currency basis including approximately $605 million of acquired sales net of divestments, which represents growth of approximately 24%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix. The Company estimates that volumes for the Global Flexible Packaging Solutions segment were approximately 2% lower compared to volumes for the combined legacy Amcor and Berry businesses in the December quarter last year. By market category, volumes were higher in pet food and meat proteins. This was offset by lower volumes in other nutrition, liquids and unconverted film and foil. By region, volumes were lower across North America and Europe. Volumes in emerging markets were in line with the prior year, with growth in Asia Pacific offset by volume declines in Latin America. The Company estimates that price/mix had no material impact on net sales.Adjusted EBIT of $402 million was 22% higher than last year on a constant currency basis, reflecting approximately $65 million of acquired EBIT, net of divestments which represents growth of approximately 20%. The remaining 2% year over year growth mainly reflects synergy benefits from the Berry acquisition, favorable cost performance and productivity benefits, partly offset by lower volumes.  Global Flexible Packaging Solutions segment - December 2025 YTD


Six Months Ended December 31,
Reported
?%
Constant
currency ?%

2024 $ million
2025 $ million

Net sales
5,062
6,445
27
24Adjusted EBIT
651
828
27
25Adjusted EBIT / Sales %
12.9
12.9



Net sales of $6,445 million, were 24% higher than last year on a constant currency basis including approximately $1.2 billion of acquired sales net of divestments, which represents growth of approximately 25%.  The pass through of movements in raw material costs had no material impact on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix. Adjusted EBIT of $828 million was 25% higher than last year on a constant currency basis, reflecting approximately $140 million of acquired EBIT, net of divestments which represents growth of approximately 22%.  The remaining 3% year over year growth mainly reflects synergy benefits from the Berry acquisition partly offset by lower volumes.  Global Rigid Packaging Solutions segment - December 2025 quarter


Three Months Ended December 31,
Reported
?%
Constant
currency ?%
2024 $ million
2025 $ million

Net sales
730
2,264
210
200Adjusted EBIT
53
228
327
308Adjusted EBIT / Sales %
7.3
10.1



Net sales of $2,264 million, were 200% higher than last year on a constant currency basis, including approximately $1.5 billion of acquired sales net of divestments, which represents growth of approximately 212% and an unfavorable impact of approximately (1%) from the pass through of lower raw material costs.  The remaining (11%) year over year variation reflects price/mix and lower non-core business volumes. Excluding non-core and divested businesses, the Company estimates that volumes for the Global Rigid Packaging Solutions segment were flat compared with volumes for the combined legacy Amcor and Berry businesses in the December quarter last year.  By market category, volumes were higher in pet food, beauty & wellness and specialty containers.  This offset softer volumes in healthcare and foodservice.  By region, volumes were in line with the prior year in North America.  Volumes were lower across Europe and this was partly offset by volume growth across emerging markets, primarily in Latin America.  The Company estimates that price/mix had no material impact on net sales.Adjusted EBIT of $228 million was 308% higher than last year on a constant currency basis, including approximately $165 million of acquired EBIT net of divestments which represents growth of approximately 306%.  The remaining 2% year over year variation mainly reflects synergy benefits from the Berry acquisition and cost reduction initiatives which offset lower volumes and performance in non-core businesses. Adjusted EBIT margins of 10.1% were 280 basis points higher than the prior year reflecting the improved quality of the combined business.Global Rigid Packaging Solutions segment - December 2025 YTD


Six Months Ended December 31,
Reported
?%
Constant
currency ?%
2024 $ million
2025 $ million

Net sales
1,532
4,752
210
202Adjusted EBIT
115
523
354
339Adjusted EBIT / Sales %
7.5
11.0



Net sales of $4,752 million, were 202% higher than last year on a constant currency basis, including approximately $3.3 billion of acquired sales net of divestments, which represents growth of approximately 213% and an unfavorable impact of approximately (3%) from the pass through of lower raw material costs.  The remaining (8%) year over year variation reflects price mix and lower non-core business volumes. Adjusted EBIT of $523 million was 339% higher than last year on a constant currency basis, including approximately $405 million of acquired EBIT net of divestments which represents growth of approximately 352%.  The remaining 13% year over year variation mainly reflects lower volumes and performance in non-core businesses, partly offset by synergy benefits from the Berry acquisition and cost reduction initiatives. Adjusted EBIT margins of 11.0% were 350 basis points higher than the prior year reflecting the improved quality of the combined business.About AmcorAmcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC www.amcor.com I LinkedIn I YouTube U.S. GAAP Condensed Consolidated Statements of Income (Unaudited)


Three Months Ended December 31, Six Months Ended December 31, $ in millions, except per share data
2024
20252024
2025Net sales
3,241
5,4496,594
11,194Cost of sales
(2,615)
(4,410)(5,309)
(9,031)Gross profit
626
1,0391,285
2,163Selling, general, and administrative expenses
(255)
(440)(531)
(875)Amortization of acquired intangible assets
(40)
(144)(79)
(277)Research and development expenses
(27)
(38)(55)
(84)Restructuring, transaction and integration expenses, net
(33)
(118)(39)
(193)Other income, net
26
3228
58Operating income
297
331609
792Interest expense, net
(72)
(154)(147)
(307)Other non-operating income/(expenses), net
(1)
1(2)
2Income before income taxes and equity in income of affiliated
companies
224
178460
487Income tax expense
(58)
(3)(101)
(52)Equity in income of affiliated companies, net of tax
1
21
4Net income
167
177360
439Net income attributable to non-controlling interests
(4)
—(6)
—Net income attributable to Amcor plc
163
177354
439USD:EUR average FX rate
0.9379
0.85920.9238
0.8575







Basic earnings per share attributable to Amcor
0.57
0.381.22
0.95Diluted earnings per share attributable to Amcor
0.56
0.381.22
0.95Weighted average number of shares outstanding – Basic
288.50
463.10288.30
462.60Weighted average number of shares outstanding – Diluted
289.10
463.80288.90
463.00All periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026. U.S. GAAP Condensed Consolidated Statements of Cash Flows (Unaudited)


Six Months Ended December 31, ($ million)
2024
2025Net income
360
439Depreciation, amortization and impairment
267
737Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and
currency
(503)
(761)Other non-cash items
35
(45)Net cash provided by operating activities
159
370Purchase of property, plant and equipment and other intangible assets
(243)
(459)Proceeds from sales of property, plant and equipment and other intangible assets
7
36Business acquisitions
(11)
(18)Proceeds from divestitures, net of cash divested
113
—Net debt proceeds
267
955Dividends paid
(366)
(594)Purchase of treasury shares, proceeds from exercise of options and tax withholdings for share-
based incentive plans
(38)
(58)Other, including effect of exchange rate on cash and cash equivalents
(31)
(2)Net increase/(decrease) in cash and cash equivalents
(143)
230Cash and cash equivalents balance at beginning of the year
588
827Cash and cash equivalents balance at end of the period
445
1,057 U.S. GAAP Condensed Consolidated Balance Sheets (Unaudited)
($ million)
June 30, 2025
December 31, 2025Cash and cash equivalents
827
1,057Trade receivables, net
3,426
3,161Inventories, net
3,471
3,481Property, plant, and equipment, net
8,202
7,766Goodwill and other intangible assets, net
18,679
18,900Other assets
2,461
2,681Total assets
37,066
37,046Trade payables
3,490
3,045Short-term debt and current portion of long-term debt
257
519Long-term debt, less current portion
13,841
14,619Accruals and other liabilities
7,738
7,216Shareholders' equity
11,740
11,647Total liabilities and shareholders' equity
37,066
37,046 Components of Fiscal 2026 Net Sales growth

Three Months Ended December 31, Six Months Ended December 31,


($ million)Global
Flexible
Packaging
Solutions Global Rigid
Packaging
Solutions Total Global
Flexible
Packaging
Solutions Global Rigid
Packaging
Solutions
 Total Net sales fiscal 20263,1882,2645,4496,4454,75211,194Net sales fiscal 20252,5117303,2415,0621,5326,594Reported Growth %27210682721070FX %4105384Constant Currency Growth %23200632420266RM Pass Through %—(1)——(3)—Items affecting comparability %24212662521369Organic Growth %(1)(11)(3)(1)(8)(3)Volume %(2)(6)(3)(2)(5)(3)Price/Mix %1(6)—2(3)1 Reconciliation of Non-GAAP MeasuresReconciliation of adjusted Earnings before interest, tax, depreciation, and amortization (EBITDA), Earnings before interest
and tax (EBIT), Net income, Earnings per share (EPS) and Adjusted Free Cash Flow


Three Months Ended December 31, 2024
Three Months Ended December 31, 2025




($ million)
EBITDA
EBIT
Net
Income
EPS
(Diluted)
EBITDA
EBIT
Net
Income
EPS
(Diluted)Net income attributable to Amcor
163
163
163
0.56
177
177
177
0.38Net income attributable to non-controlling interests
4
4




—
—



Tax expense
58
58




3
3



Interest expense, net
72
72




154
154



Depreciation and amortization
130






368





EBITDA, EBIT, Net income, and EPS
427
297
163
0.56
702
334
177
0.38Impact of hyperinflation
3
3
3
0.01
4
4
4
0.01Restructuring, integration and related expenses,
net(1)
23
23
23
0.08
112
112
112
0.24Transaction costs
10
10
10
0.03
6
6
6
0.01Other
(10)
(10)
(10)
(0.03)
3
3
3
0.01Amortization of acquired intangibles(2)


40
40
0.14


144
144
0.31Interest expense Berry Transaction




—
—




13
0.03Tax effect of above items




4
0.01




(59)
(0.13)Adjusted EBITDA, EBIT, Net income and EPS
453
363
233
0.80
826
603
400
0.86Reconciliation of adjusted growth to constant currency growth









% growth - Adjusted EBITDA, EBIT, Net income, and EPS






83
66
72
7% currency impact








(5)
(5)
(5)
(3)% constant currency growth








77
62
67
4
















% items affecting comparability(3)








75
58



% from all other sources








2
4



Adjusted EBITDA
453






826





Interest paid, net
(91)






(114)





Income tax paid
(52)






(86)





Purchase of property, plant and equipment andother intangible assets
(98)






(222)





Proceeds from sales of property, plant andequipment and other intangible assets, net of
restructuring
6






8





Movement in working capital
153






(42)





Other
(13)






(12)





Adjusted Free Cash Flow
358






358





Berry Transaction, restructuring and Integration
costs, net
—






(69)





Free Cash Flow
358






289





All periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.(1) Three months ended December 31, 2025 primarily reflects restructuring and integration costs incurred in connection with the Berry Global acquisition, inclusive of inventory discrepancies of $15 million, including errors from prior periods, tied to manufacturing inefficiencies and other management issues which supported the decision to close three facilities in Asia.(2) Amortization of acquired intangible assets from business combinations.(3) Reflects the impact of acquired, disposed, and ceased operations. 

Six Months Ended December 31, 2024Six Months Ended December 31, 2025



($ million)
EBITDA
EBIT
Net
Income
EPS
(Diluted)
(1)EBITDA
EBIT
Net
Income
EPS
(Diluted)
(1)Net income attributable to Amcor
354
354
354
1.22439
439
439
0.95Net income attributable to non controlling
interests
6
6



—
—



Tax expense
101
101



52
52



Interest expense, net
147
147



307
307



Depreciation and amortization
270





723





EBITDA, EBIT, Net income and EPS
878
608
354
1.221,521
798
439
0.95Impact of hyperinflation
5
5
5
0.0215
15
15
0.03Restructuring, integration and related expenses,
net(2)
29
29
29
0.10165
165
165
0.35Transaction costs
10
10
10
0.0328
28
28
0.06Other
(3)
(3)
(3)
(0.01)7
7
7
0.01Amortization of acquired intangibles(3)


79
79
0.27

277
277
0.60Interest expense Berry Transaction




—
—



26
0.06Tax effect of above items




(7)
(0.02)



(109)
(0.24)Adjusted EBITDA, EBIT, Net income and EPS
919
728
467
1.611,736
1,290
848
1.83Reconciliation of adjusted growth to constant currency growth








% growth - Adjusted EBITDA, EBIT, Net income, and EPS





89
77
82
14% currency impact







(4)
(4)
(4)
(3)% constant currency growth







85
73
77
11















% items affecting comparability(4)







83
69



% from all other sources







2
4



Adjusted EBITDA
919





1,736





Interest paid, net
(127)





(263)





Income tax paid
(127)





(191)





Purchase of property, plant and equipment andother intangible assets
(243)





(459)





Proceeds from sales of property, plant andequipment and other intangible assets, net of
restructuring
7





10





Movement in working capital
(433)





(611)





Other
(34)





(91)





Adjusted Free Cash Flow
(38)





131





Berry Transaction, restructuring and Integration
costs, net
—





(184)





Free Cash Flow
(38)





(53)





All periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.(1) Calculation of diluted EPS for the six months ended December 31, 2024 excludes net income attributable to shares to be repurchased under
forward contracts of $1 million.(2) Six months ended December 31, 2025 primarily reflects restructuring and integration costs incurred in connection with the Berry Global
acquisition.(3) Amortization of acquired intangible assets from business combinations.(4) Reflects the impact of acquired, disposed, and ceased operations. Reconciliation of adjusted EBIT by reportable segment






Three Months Ended December 31, 2024
Three Months Ended December 31, 2025




($ million)
Global
Flexible
Packaging
Solutions
Global
Rigid
Packaging
Solutions
Other
Total
Global
Flexible
Packaging
Solutions
Global
Rigid
Packaging
Solutions
Other
TotalNet income attributable to Amcor






163






177Net income attributable to non-
controlling interests






4






—Tax expense






58






3Interest expense, net






72






154EBIT
259
62
(24)
297
250
137
(53)
334Impact of hyperinflation
—
3
—
3
1
3
—
4Restructuring, integration and related
expenses, net(1)
23
—
—
23
70
25
16
112Transaction costs
—
—
10
10
—
1
5
6Other
3
(14)
1
(10)
6
(7)
4
3Amortization of acquired intangibles(2)
37
2
1
40
75
68
1
144Adjusted EBIT
322
53
(12)
363
402
228
(27)
603Adjusted EBIT / sales %
12.8 %
7.3 %


11.2 %
12.6 %
10.1 %


11.1 %Reconciliation of adjusted growth to comparable constant currency growth







% growth - Adjusted EBIT








25
327
—
66% currency impact








(3)
(18)
—
(5)% constant currency growth








22
308
—
62
















% items affecting comparability(3)








20
306
—
58% from all other sources








2
2
—
4(1) Three months ended December 31, 2025 primarily includes costs incurred in connection with the Berry Global acquisition.(2) Amortization of acquired intangible assets from business combinations.(3) Reflects the impact of acquired, disposed, and ceased operations. 

Six Months Ended December 31, 2024
Six Months Ended December 31, 2025




($ million)
Global
Flexible
Packaging
Solutions
Global
Rigid
Packaging
Solutions
Other
Total
Global
Flexible
Packaging
Solutions
Global
Rigid
Packaging
Solutions
Other
TotalNet income attributable to Amcor






354






439Net income attributable to non-
controlling interests






6






—Tax expense






101






52Interest expense, net






147






307EBIT
539
121
(52)
608
572
338
(111)
798Impact of hyperinflation
—
5
—
5
3
12
—
15Restructuring, integration and related
expenses, net(1)
29
—
—
29
84
54
26
165Transaction costs
—
—
10
10
8
2
18
28Other
9
(14)
2
(3)
8
(4)
3
7Amortization of acquired intangibles(2)
74
3
2
79
153
121
3
277Adjusted EBIT
651
115
(38)
728
828
523
(61)
1,290Adjusted EBIT / sales %
12.9 %
7.5 %


11.0 %
12.9 %
11.0 %


11.5 %Reconciliation of adjusted growth to comparable constant currency growth







% growth - Adjusted EBIT








27
354
—
77% currency impact








(2)
(15)
—
(4)% constant currency growth








25
339
—
73
















% items affecting comparability(3)








22
352
—
69% from all other sources








3
(13)
—
4(1) Six months ended December 31, 2025 primarily includes costs incurred in connection with the Berry Global acquisition.(2) Amortization of acquired intangible assets from business combinations.(3) Reflects the impact of acquired, disposed, and ceased operations. Reconciliation of net debt 
($ million)
June 30, 2025
December 31, 2025Cash and cash equivalents
(827)
(1,057)Short-term debt
116
83Current portion of long-term debt
141
436Long-term debt, less current portion
13,841
14,619Net debt
13,271
14,081Cautionary Statement Regarding Forward-Looking StatementsUnless otherwise indicated, references to "Amcor," the "Company," "we," "our," and "us" in this document refer to Amcor plc and its consolidated subsidiaries. This document contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified with words like "believe," "expect," "target," "project," "may," "could," "would," "approximately," "possible," "will," "should," "intend," "plan," "anticipate," "commit," "estimate," "potential," "ambitions," "outlook," or "continue," the negative of these words, other terms of similar meaning, or the use of future dates. Such statements are based on the current expectations of the management of Amcor and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither Amcor nor any of its respective directors, executive officers, or advisors, provide any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur or if any of them do occur, what impact they will have on the business, results of operations or financial condition of Amcor. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Amcor's business, including the ability to successfully realize the expected benefits of the merger of Amcor and Berry Global Group, Inc. Risks and uncertainties that could cause actual results to differ from expectations include, but are not limited to: risks arising from the integration of the Amcor and Berry Global Group, Inc., ("Berry") businesses as a result of the merger completed on April 30, 2025 (the "Transaction" or "Merger"); risk of continued substantial and unexpected costs or expenses resulting from the Transaction; risk that the anticipated benefits of the Transaction may not be realized when expected or at all; risk that the Company's significant indebtedness may limit its flexibility and increase its borrowing costs; risk that the Merger-related tax liabilities could have a material impact on the Company's financial results; risk that the strategic review of our portfolio may cause disruptions to our business or may not result in completion of a transaction to restructure or divest non-core businesses or may not create additional value for our shareholders; changes in consumer demand patterns and customer requirements in numerous industries; risk of loss of key customers, a reduction in their production requirements, or consolidation among key customers; significant competition in the industries and regions in which we operate; an inability to expand our current business effectively through either organic growth, including product innovation, investments, or acquisitions; challenging global economic conditions; impacts of operating internationally; price fluctuations or shortages in the availability of raw materials, energy and other inputs, which could adversely affect our business; production, supply, and other commercial risks, including counterparty credit risks, which may be exacerbated in times of economic volatility; pandemics, epidemics, or other disease outbreaks; an inability to attract, develop, and retain our skilled workforce and manage key transitions; labor disputes and an inability to renew collective bargaining agreements at acceptable terms; physical impacts of climate change; significant disruption at a key manufacturing facility; cybersecurity risks, which could disrupt our operations or risk of loss of our sensitive business information; failures or disruptions in our information technology systems which could disrupt our operations, compromise customer, employee, supplier, and other data; rising interest rates that increase our borrowing costs on our variable rate indebtedness and could have other negative impacts; foreign exchange rate risk; a significant write-down of goodwill and/or other intangible assets; a failure to maintain an effective system of internal control over financial reporting; an inability of our insurance policies, including our use of a captive insurance company, to provide adequate protection against all of the key operational risks we face; an inability to defend our intellectual property rights or intellectual property infringement claims against us; litigation, including product liability claims or litigation related to Environmental, Social, and Governance ("ESG") matters, or regulatory developments; increasing scrutiny and changing expectations from investors, customers, suppliers, and governments with respect to our ESG practices and commitments resulting in additional costs or exposure to additional risks; changing ESG government regulations including climate-related rules; changing environmental, health, and safety laws; changes in tax laws or changes in our geographic mix of earnings; and changes in trade policy, including tariff and custom regulations or failure to comply with such regulations.  These risks and uncertainties are supplemented by those identified from time to time in our filings with the Securities and Exchange Commission (the "SEC"), including without limitation, those described under Part I, "Item 1A - Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and as updated by our quarterly reports on Form 10-Q. You can obtain copies of Amcor's filings with the SEC for free at the SEC's website (www.sec.gov). Forward-looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent, except as expressly required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement. Presentation of non-GAAP informationIncluded in this release are measures of financial performance that are not calculated in accordance with U.S. GAAP. These measures include adjusted EBITDA and EBITDA (calculated as earnings before interest and tax and depreciation and amortization), adjusted EBIT and EBIT (calculated as earnings before interest and tax), adjusted net income, adjusted earnings per share, adjusted free cash flow, and net debt.  In arriving at these non-GAAP measures, we exclude items that either have a non-recurring impact on the income statement or which, in the judgment of our management, are items that, either as a result of their nature or size, could, were they not singled out, potentially cause investors to extrapolate future performance from an improper base. Note that while amortization of acquired intangible assets is excluded from non-GAAP adjusted financial measures, the revenue of the acquired entities and all other expenses unless otherwise stated, are reflected in our non-GAAP financial performance earnings measures. While not all inclusive, examples of these items include: material restructuring programs, including associated costs such as employee severance, pension and related benefits, impairment of property and equipment and other assets, accelerated depreciation, termination payments for contracts and leases, contractual obligations, and any other qualifying costs related to restructuring plans; material sales and earnings from disposed or ceased operations and any associated profit or loss on sale of businesses or subsidiaries; changes in the fair value of economic hedging instruments on commercial paper and contingent purchase consideration; pension settlements; impairments in goodwill and equity method investments; material acquisition compensation and transaction costs such as due diligence expenses, professional and legal fees, financing-related expenses; and integration costs; material purchase accounting adjustments for inventory; amortization of acquired intangible assets from business combination; gains or losses on significant property and divestitures and significant property and other impairments, net of insurance recovery; certain regulatory and legal matters; impacts from highly inflationary accounting; expenses related to the Company's CEO and CFO  transition; and impacts related to the Russia-Ukraine conflict.Amcor also evaluates performance on a comparable constant currency basis, which measures financial results assuming constant foreign currency exchange rates used for translation based on the average rates in effect for the comparable prior year period. In order to compute comparable constant currency results, we multiply or divide, as appropriate, current-year U.S. dollar results by the current year average foreign exchange rates and then multiply or divide, as appropriate, those amounts by the prior-year average foreign exchange rates. We then adjust for other items affecting comparability. While not all inclusive, examples of items affecting comparability include the difference between sales or earnings in the current period and the prior period related to disposed, or ceased operations. Comparable constant currency net sales performance also excludes the impact from passing through movements in raw material costs.  Management has used and uses these measures internally for planning, forecasting and evaluating the performance of the Company's reporting segments and certain of the measures are used as a component of Amcor's Board of Directors' measurement of Amcor's performance for incentive compensation purposes. Amcor believes that these non-GAAP measures are useful to enable investors to perform comparisons of current and historical performance of the Company. For each of these non-GAAP financial measures, a reconciliation to the most directly comparable U.S. GAAP financial measure has been provided herein. These non-GAAP financial measures should not be construed as an alternative to results determined in accordance with U.S. GAAP. The Company provides guidance on a non-GAAP basis as we are unable to predict with reasonable certainty the ultimate outcome and timing of certain significant forward-looking items without unreasonable effort.  These items include but are not limited to the impact of foreign exchange translation, restructuring program costs, asset impairments, possible gains and losses on the sale of assets, certain tax related events, and difficulty in making accurate forecasts and projections in connection with the legacy Berry Global business given recency of access to all relevant information. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP earnings and cash flow measures for the guidance period.Reconciliations of  fiscal 2026 projected non-GAAP measures are not included herein because the individual components are not known with certainty as individual financial statements for fiscal 2026 have not been completed.Reverse Stock SplitOn January 14, 2026, the Company filed a an amendment to its memorandum of association to effect a 1-for-5 reverse stock split (the "Reverse Split") of the Company's ordinary shares. The Reverse Split became effective on January 14, 2026 and reduced the number of authorized ordinary shares to 1,800,000,000 and increased the par value of the ordinary shares to $0.05 per share. Accordingly, all share and per share amounts for all periods presented in the discussion within this release have been adjusted retroactively, where applicable, to reflect the Reverse Split.Presentation of combined volume performanceIn order to provide the most meaningful comparison of results of volume performance by region and end market for Amcor plc and for each of its reportable segments, the Company has included commentary to reflect Amcor's estimate of year-over-year volume performance for the three and six months ended December 31, 2025 compared with estimated combined volumes for the legacy Amcor and Berry Global businesses for the three and six months ended December 31, 2024. The combined volume performance information has been presented for informational purposes and Amcor believes this information reflects the impact of the combination including allocation of volumes across the combined production footprint since May 1, 2025.  For the avoidance of doubt, combined volume performance information is not intended to be, and was not, prepared on a basis consistent with pro forma financial information required by Article 11 of Regulation S-X.DividendsAmcor has received a waiver from the ASX's settlement operating rules, which will allow the Company to defer processing conversions between its ordinary share and CDI registers from February 24, 2026 to February 25, 2026 inclusive.  



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Original: Amcor Reports Solid Second Quarter Results and Reaffirms Fiscal 2026 Guidance

Amcor plc $AMCR

Book Value Per Share (mrq) 3.02


Amcor plc $AMCR
Total Debt (mrq) 7.05B

https://finance.yahoo.com/quote/AMCR/key-statistics?p=AMCR