Amcor experiences forged first quarter end result and reaffirms fiscal 2026 outlook

Highlights – 3 Months Ended September 30, 2025:

• First complete quarter working as a mixed Amcor and Berry trade;
• Internet gross sales $5,745 million, up 68% with the exception of forex have an effect on;
• GAAP Internet source of revenue $262 million together with acquisition connected prices; GAAP diluted EPS of eleven.3 cps;
• Adjusted EBITDA $909 million, up 92% and altered EBIT $687 million, up 85% with the exception of forex have an effect on;
• Synergies of roughly $38 million at higher finish of anticipated territory;
• Adjusted EBIT margins of 12.0%, up 110 foundation issues;
• Adjusted EPS of nineteen.3 cps, up 18% with the exception of forex have an effect on; and
• Quarterly dividend greater to 13.0 cents according to proportion.

Fiscal 2026 outlook reaffirmed:

• Adjusted EPS 80-83 cps representing 12-17% consistent forex enlargement; Detached Money Stream $1.8-1.9 billion.

ZURICH, Nov. 5, 2025 /PRNewswire/ —

Berry International acquisition

On April 30, 2025, the all-stock acquisition of Berry International used to be finished at a set change ratio of seven.25 Amcor familiar stocks for each and every Berry proportion.

This transformational acquisition establishes Amcor as the worldwide chief in shopper packaging and doling out answers for vitamin, condition, good looks and wellness with the original subject material science and innovation features to satisfy consumers’ and customers’ sustainability aspirations. With a couple of untouched enlargement alternatives and $650 million of known pre-tax synergies thru fiscal 2028, Amcor believes it’s neatly positioned to bring important near- and long-term worth for patrons and shareholders. 

Branch reporting

The International Versatile Packaging Answers branch contains Amcor’s legacy Versatile Packaging trade and the obtained Berry International Flexibles trade.

The International Inflexible Packaging Answers branch contains Amcor’s legacy Inflexible Packaging trade and the obtained Berry International Shopper Packaging World and Shopper Packaging North The usa companies.

Integration and synergies

Integration of the Berry trade is progressing neatly and ended in roughly $38 million of synergies within the first quarter, of which roughly $5 million favorably impacted hobby expense with the residue $33 million favorably impacting adjusted EBIT. Integration is continuing in wrinkle with expectancies and Amcor’s groups are on course to bring no less than $260 million of pre-tax synergy advantages within the 2026 fiscal yr, which represents 12% EPS accretion, as an instantaneous results of the purchase.  Amcor believes the corporate is definitely positioned to succeed in the up to now introduced overall pre-tax synergy advantages of $650 million by way of the tip of the 2028 fiscal yr.     

Shareholder returns

Dividend

The Board’s self assurance in Amcor’s close to and long run enlargement alternatives and talent to generate important unfastened coins current is mirrored in these days’s declaration of an greater quarterly coins dividend of 13.0 cents according to proportion (in comparison with 12.75 cents according to proportion in the similar quarter latter yr). The dividend might be paid in US greenbacks to holders of Amcor’s familiar stocks buying and selling at the NYSE. Holders of CDIs buying and selling at the ASX will obtain an unfranked dividend of nineteen.78 Australian cents according to proportion, which displays the quarterly dividend of 13.0 cents according to proportion transformed at an AUD:USD moderate change price of 0.6572 over the 5 buying and selling days ended November 3, 2025.

The ex-dividend day might be November 27, 2025 for holders of CDIs buying and selling at the ASX and November 28, 2025 for holders of stocks buying and selling at the NYSE.  For all shareholders, the document day might be November 28, 2025 and the fee day might be December 17, 2025. 

 Monetary effects – 3 Months Ended September 30, 2025

Branch knowledge

Internet gross sales of $5,745 million have been 68% upper than latter yr on a relentless forex foundation, together with roughly $2.4 billion of obtained gross sales internet of divestments, which represents enlargement of roughly 70% and an destructive have an effect on of roughly 1% from the go thru of decrease uncooked subject material prices. The residue yr over yr variation displays the have an effect on of volumes and worth/combine.

Quantity efficiency used to be extensively matching to the fourth quarter of fiscal 2025 and roughly 2% not up to estimated mixed volumes for the legacy Amcor and legacy Berry companies within the September quarter latter yr, with the exception of non-core North The usa beverage.   The Corporate estimates that value/combine had deny subject material have an effect on on internet gross sales.

Adjusted EBIT of $687 million used to be 85% upper than latter yr on a relentless forex foundation, together with roughly $295 million of obtained EBIT internet of divestments (represents enlargement of roughly 81%).  The residue yr over yr variation principally displays synergy advantages from the Berry acquisition of roughly $33 million, disciplined price efficiency and advanced productiveness, partially offset by way of decrease volumes and an destructive value/combine have an effect on on income.  

Adjusted EBIT margins of 12.0% have been 110 foundation issues upper than the prior yr.

International Versatile Packaging Answers branch

Internet gross sales of $3,257 million have been 25% upper than latter yr on a relentless forex foundation together with roughly $640 million of obtained gross sales internet of divestments, which represents enlargement of roughly 25% and a good have an effect on of roughly 1% from the go thru of upper uncooked subject material prices.  The residue yr over yr variation displays the have an effect on of volumes and worth/combine. 

The Corporate estimates that volumes for the International Versatile Packaging Answers branch have been 2.8% decrease in comparison to volumes for the mixed legacy Amcor and Berry companies within the September quarter latter yr.  In North The usa, volumes have been i’m sick low unmarried digit % with enlargement in sections together with healthcare and good looks & wellness greater than offset by way of decrease volumes in sections together with liquids, snacks and confectionary and unconverted motion pictures.  Volumes have been decrease in Europe with enlargement in sections together with healthcare and petcare greater than offset by way of decrease volumes in sections together with good looks & wellness, confectionary and unconverted motion pictures.  Volumes throughout rising markets have been in wrinkle with the prior yr reflecting enlargement in Asia Pacific offset by way of quantity declines in Latin The usa.  The Corporate estimates that value/combine had a good have an effect on on internet gross sales pushed by way of higher relative quantity efficiency of upper worth packaging answers.

Adjusted EBIT of $426 million used to be 28% upper than latter yr on a relentless forex foundation, reflecting roughly $75 million of obtained EBIT, internet of divestments (represents enlargement of roughly 23%).  The residue yr over yr enlargement principally displays synergy advantages from the Berry acquisition and advanced price efficiency and productiveness, partially offset by way of decrease volumes.  

International Inflexible Packaging Answers branch

Internet gross sales of $2,488 million have been 205% upper than latter yr on a relentless forex foundation, together with roughly $1.7 billion of obtained gross sales internet of divestments, which represents enlargement of roughly 215% and an destructive have an effect on of roughly 6% from the go thru of decrease uncooked subject material prices.  The residue yr over yr variation displays the have an effect on of volumes and worth/combine. 

Quantity efficiency used to be matching to the fourth quarter of fiscal 2025 and roughly 1% not up to estimated mixed volumes for the legacy Amcor and Berry companies within the September quarter latter yr, with the exception of non-core North The usa beverage.   In North The usa, volumes have been in wrinkle with the prior yr with the exception of the non-core North The usa beverage trade, with enlargement in sections together with petcare and strong point boxes offset by way of decrease volumes in sections together with good looks & wellness, meals and foodservice.  Volumes in Europe have been marginally not up to the prior yr, with enlargement in sections together with healthcare and liquids greater than offset by way of decrease volumes in sections together with meals and good looks & wellness.  Volumes have been i’m sick low unmarried digit % throughout rising markets, essentially in Latin The usa.  The Corporate estimates that value/combine had an destructive have an effect on on internet gross sales.

Adjusted EBIT of $295 million used to be 365% upper than latter yr on a relentless forex foundation, together with roughly $240 million of obtained EBIT internet of divestments (represents enlargement of roughly 391%).  The residue yr over yr variation principally displays decrease volumes (predominantly within the North The usa beverage trade) and an destructive value/combine have an effect on, partially offset by way of synergy advantages from the Berry acquisition and disciplined price efficiency. 

Adjusted EBIT margins of eleven.9% have been 420 foundation issues upper than the prior yr reflecting the enhanced property of the mixed trade.

Internet hobby and source of revenue tax expense

For the 3 months ended September 30, 2025, GAAP internet hobby expense of $153 million compares with $75 million latter yr.  Adjusted internet hobby expense for the 3 months ended September 30, 2025 of $140 million used to be $65 million upper than latter yr on account of greater acquisition connected internet debt.  GAAP source of revenue tax expense used to be $49 million in comparison with $43 million latter yr. Adjusted tax expense for the 3 months ended September 30, 2025 of $99 million in comparison with $54 million latter yr. Adjusted tax expense for the 3 months ended September 30, 2025 represents an efficient tax price of 18.0%, in comparison with 18.6% within the prior yr.

Detached Money Stream

For the 3 months ended September 30, 2025, unfastened coins outflow used to be $343 million, in-line with expectancies next investment roughly $115 million of internet acquisition connected coins prices.  Previous to investment of acquisition connected coins prices coins current greater by way of greater than $160 million in comparison with latter yr. Internet debt used to be $13,999 million at September 30, 2025.  

Fiscal 2026 steerage reaffirmed

For the fiscal yr finishing June 30, 2026, the Corporate continues to be expecting:

• Adjusted EPS of roughly 80 to 83 cents according to proportion, which represents consistent forex enlargement of 12% to 17% in comparison with 71.2 cents according to proportion in fiscal 2025. This contains pre-tax synergy advantages connected to the Berry International acquisition of no less than $260 million.
• Detached Money Stream of roughly $1.8 billion to $1.9 billion, which is next deducting roughly $220 million of internet coins integration and transaction prices connected to the Berry International acquisition.

Alternative steerage issues come with:

• Capital expenditure between $850 to $900 million;
• Internet hobby expense of roughly $570 to $600 million; and
• An efficient tax price between 19% and 21%.

Amcor’s steerage for fiscal 2026 displays a complete one year possession of the Berry International trade and does no longer have in mind the have an effect on of doable portfolio optimization movements that could be finished during the yr.

Amcor’s steerage contemplates a territory of things which develop some extent of doubt and complexity when estimating while monetary effects.  Additional knowledge may also be discovered below ‘Cautionary Statements Relating to Ahead-Taking a look Statements’ on this reduce.  Reconciliations of the fiscal 2026 projected non-GAAP measures don’t seem to be integrated herein since the person parts don’t seem to be identified with sure bet as person monetary statements for fiscal 2026 have no longer been finished.

Convention Name

Amcor is website hosting a convention name with buyers and analysts to speak about those effects on Wednesday November 5, 2025 at 5:30pm US Japanese Usual Day / Thursday November 6, 2025 at 9:30am Australian Japanese Sunlight Day. Traders are invited to hear a are living webcast of the convention name at our website online, www.amcor.com, within the “Investors” division.

The ones wishing to get right of entry to the decision must importance refer to toll-free numbers, with the Convention ID: 6121370

• USA: 800 715 9871 (toll unfastened)
• USA: 646 307 1963 (native)
• Australia: 1800 519 630 (toll unfastened), 02 9133 7103 (native)
• United Kingdom: 0800 358 0970 (toll unfastened), 020 3433 3846 (native)
• Singapore: +65 3159 5133 (native)
• Hong Kong: +852 3002 3410 (native)

From all alternative international locations, the decision may also be accessed by way of dialing +1 646 307 1963 (toll).

A replay of the webcast can be to be had within the ‘Traders” division at www.amcor.com following the decision.

About Amcor

Amcor is the worldwide chief in creating and generating accountable shopper packaging and doling out answers throughout plenty of fabrics for vitamin, condition, good looks and wellness sections. Our world product innovation and sustainability experience allows us to unravel packaging demanding situations world wide each past, generating a territory of versatile packaging, inflexible packaging, cartons and closures which can be extra sustainable, useful and interesting for our consumers and their customers. We’re guided by way of our objective of raising consumers, shaping lives and protective the while. Supported by way of a loyalty to protection, over 75,000 folk generate $23 billion in annualized gross sales from operations that span over 400 places in additional than 40 international locations.        NYSE: AMCR; ASX: AMC 

www.amcor.comI  LinkedIn  I  YouTube

Cautionary Observation Relating to Ahead-Taking a look Statements 

Until in a different way indicated, references to “Amcor,” the “Company,” “we,” “our,” and “us” on this report the following Amcor plc and its consolidated subsidiaries. This report incorporates positive statements which can be “forward-looking statements” inside the which means of the secure harbor provisions of the U.S. Non-public Securities Litigation Reform Office of 1995. Ahead-looking statements are usually known with phrases like “believe,” “expect,” “target,” “project,” “may,” “could,” “would,” “approximately,” “possible,” “will,” “should,” “intend,” “plan,” “anticipate,” “commit,” “estimate,” “potential,” “ambitions,” “outlook,” or “continue,” the adverse of those phrases, alternative phrases of matching which means, or the importance of while dates. Such statements are in keeping with the fresh expectancies of the control of Amcor and are certified by way of the inherent dangers and uncertainties environment while expectancies usually. Original effects may vary materially from the ones recently expected because of various dangers and uncertainties. Neither Amcor nor any of its respective administrators, govt officials, or advisors, grant any illustration, promise, or promise that the prevalence of the occasions expressed or implied in any forward-looking statements will if truth be told happen or if any of them do happen, what have an effect on they are going to have at the trade, result of operations or monetary status of Amcor. Must any dangers and uncertainties create into untouched occasions, those trends may have a subject material hostile impact on Amcor’s trade, together with the power to effectively notice the anticipated advantages of the merger of Amcor and Berry International Workforce, Inc. Dangers and uncertainties that would motive untouched effects to vary from expectancies come with, however don’t seem to be restricted to: dangers bobbing up from the mixing of the Amcor and Berry International Workforce, Inc., (“Berry”) companies on account of the merger finished on April 30, 2025 (the “Transaction” or “Merger”); chance of persisted really extensive and surprising prices or bills attributable to the Transaction; chance that the expected advantages of the Transaction will not be learned when anticipated or in any respect; chance that the Corporate’s important indebtedness might prohibit its flexibility and building up its borrowing prices; chance that the Merger-related tax liabilities may have a subject material have an effect on at the Corporate’s monetary effects; chance that the strategic evaluation of our portfolio might motive disruptions to our trade or won’t lead to final touch of a transaction to restructure or divest non-core companies or won’t develop supplementary worth for our shareholders; adjustments in shopper call for patterns and buyer necessities in various industries; chance of lack of key consumers, a discount of their manufacturing necessities, or consolidation amongst key consumers; important pageant within the industries and areas during which we function; an incapacity to amplify our fresh trade successfully thru both natural enlargement, together with product innovation, investments, or acquisitions; difficult world financial situations; affects of working across the world; value fluctuations or shortages within the availability of uncooked fabrics, power and alternative inputs, which might adversely have an effect on our trade; manufacturing, provide, and alternative business dangers, together with counterparty credit score dangers, that could be exacerbated in occasions of financial volatility; pandemics, epidemics, or alternative weakness outbreaks; an incapacity to draw, create, and book our professional personnel and top key transitions; hard work disputes and an incapacity to resume collective bargaining pledges at applicable phrases; bodily affects of weather exchange; important disruption at a key production facility; cybersecurity dangers, which might disrupt our operations or chance of lack of our delicate trade knowledge; screw ups or disruptions in our knowledge generation methods which might disrupt our operations, compromise buyer, worker, provider, and alternative information; emerging rates of interest that building up our borrowing prices on our variable price indebtedness and may have alternative adverse affects; foreign currency price chance; a vital write-down of approval and/or alternative intangible belongings; a failure to guard an efficient machine of inner regulate over monetary reporting; an incapacity of our insurance coverage insurance policies, together with our importance of a captive insurance coverage corporate, to grant ample coverage in opposition to all the key operational dangers we are facing; an incapacity to shield our highbrow component rights or highbrow component infringement claims in opposition to us; litigation, together with product legal responsibility claims or litigation connected to Environmental, Social, and Governance (“ESG”) issues, or regulatory trends; expanding scrutiny and converting expectancies from buyers, consumers, providers, and governments with recognize to our ESG practices and constancy make happen supplementary prices or publicity to supplementary dangers; converting ESG govt rules together with climate-related laws; converting environmental, condition, and protection regulations; adjustments in tax regulations or adjustments in our geographic mixture of income; and adjustments in business coverage, together with tariff and customized rules or failure to conform to such rules.  Those dangers and uncertainties are supplemented by way of the ones known from week to week in our filings with the Securities and Change Fee (the “SEC”), together with with out limitation, the ones described below Section I, “Item 1A – Risk Factors” in our Annual Record on Method 10-Okay for the fiscal yr ended June 30, 2025, and as up to date by way of our quarterly experiences on Method 10-Q. You’ll download copies of Amcor’s filings with the SEC for unfastened on the SEC’s website online (www.sec.gov). Ahead-looking statements integrated herein are made handiest as of the day hereof and Amcor does no longer adopt any legal responsibility to replace any forward-looking statements, or any alternative knowledge on this communique, on account of untouched knowledge, while trends or in a different way, or to proper any inaccuracies or omissions in them which transform obvious, except for as expressly required by way of legislation. All forward-looking statements on this communique are certified of their entirety by way of this cautionary remark.

Presentation of non-GAAP knowledge

Integrated on this reduce are measures of economic efficiency that don’t seem to be calculated based on U.S. GAAP. Those measures come with adjusted EBITDA and EBITDA (calculated as income sooner than hobby and tax and depreciation and amortization), adjusted EBIT and EBIT (calculated as income sooner than hobby and tax), adjusted internet source of revenue, adjusted income according to proportion, adjusted unfastened coins current, and internet debt.  In arriving at those non-GAAP measures, we exclude pieces that both have a non-recurring have an effect on at the source of revenue remark or which, within the judgment of our control, are pieces that, both on account of their nature or dimension, may, have been they no longer singled out, probably motive buyers to extrapolate while efficiency from an wrong bottom. Observe that future amortization of obtained intangible belongings is excluded from non-GAAP adjusted monetary measures, the earnings of the obtained entities and all alternative bills until in a different way mentioned, are mirrored in our non-GAAP monetary efficiency income measures. Hour no longer all inclusive, examples of this stuff come with: subject material restructuring methods, together with related prices reminiscent of worker severance, pension and connected advantages, impairment of component and gear and alternative belongings, speeded up depreciation, termination bills for agreements and rentals, contractual responsibilities, and any alternative qualifying prices connected to restructuring plans; subject material gross sales and income from disposed or ceased operations and any related benefit or loss on sale of companies or subsidiaries; adjustments within the honest worth of financial hedging tools on business paper and contingent acquire attention; pension settlements; impairments in approval and fairness mode investments; subject material acquisition reimbursement and transaction prices reminiscent of due diligence bills, skilled and prison charges, financing-related bills; and integration prices; subject material acquire accounting changes for stock; amortization of obtained intangible belongings from trade mixture; features or losses on important component and divestitures and critical component and alternative impairments, internet of insurance coverage medication; positive regulatory and prison issues; affects from extremely inflationary accounting; bills connected to the Corporate’s Prominent Govt Officer transition; and affects connected to the Russia-Ukraine struggle.

Amcor additionally evaluates efficiency on a related consistent forex foundation, which measures monetary effects assuming consistent foreign exchange change charges impaired for translation in keeping with the typical charges in impact for the related prior yr duration. To deliver to compute related consistent forex effects, we multiply or divide, as suitable, current-year U.S. buck effects by way of the fresh yr moderate foreign currency charges and next multiply or divide, as suitable, the ones quantities by way of the prior-year moderate foreign currency charges. We next alter for alternative pieces affecting comparison. Hour no longer all inclusive, examples of things affecting comparison come with the remaining between gross sales or income within the fresh duration and the prior duration connected to disposed, or ceased operations. Related consistent forex internet gross sales efficiency additionally excludes the have an effect on from passing thru actions in uncooked subject material prices.  

Control has impaired and makes use of those measures internally for making plans, forecasting and comparing the efficiency of the Corporate’s reporting sections and likely of the measures are impaired as a detail of Amcor’s Board of Administrators’ size of Amcor’s efficiency for incentive reimbursement functions. Amcor believes that those non-GAAP measures are helpful to permit buyers to accomplish comparisons of fresh and historic efficiency of the Corporate. For each and every of those non-GAAP monetary measures, a reconciliation to probably the most at once related U.S. GAAP monetary measure has been equipped herein. Those non-GAAP monetary measures must no longer be construed as an extra to effects motivated based on U.S. GAAP. The Corporate supplies steerage on a non-GAAP foundation as we’re not able to are expecting with affordable sure bet the last result and timing of positive important forward-looking pieces with out unreasonable aim.  These things come with however don’t seem to be restricted to the have an effect on of foreign currency translation, restructuring program prices, asset impairments, conceivable features and losses at the sale of belongings, positive tax connected occasions, and problem in making correct forecasts and projections in reference to the legacy Berry International trade given recency of get right of entry to to all related knowledge. These things are unsure, rely on diverse elements, and may have a subject material have an effect on on U.S. GAAP income and coins current measures for the steerage duration.

Presentation of mixed quantity efficiency

To deliver to grant probably the most significant comparability of result of quantity efficiency by way of patch and finish marketplace for Amcor plc and for each and every of its reportable sections, the Corporate has integrated observation to mirror Amcor’s estimate of year-over-year quantity efficiency for the 3 months ended September 30, 2025 in comparison with estimated mixed volumes for the legacy Amcor and Berry International companies for the 3 months ended September 30, 2024. The mixed quantity efficiency knowledge has been introduced for informational functions and Amcor believes this data displays the have an effect on of the combo together with allocation of volumes around the mixed manufacturing footprint since Might 1, 2025.  For the avoidance of dubiousness, mixed quantity efficiency knowledge isn’t meant to be, and used to be no longer, ready on a foundation in line with professional forma monetary knowledge required by way of Article 11 of Legislation S-X.

Dividends

Amcor has gained a waiver from the ASX’s agreement working laws, which can permit the Corporate to defer processing conversions between its familiar proportion and CDI registers from November 27, 2025 to November 28, 2025 inclusive. 

SOURCE Amcor