ZURICH, Aug. 12, 2026 /PRNewswire/ --
Highlights - Three Months Ended June 30, 2026
-- Net sales $6.4 billion, up 26% largely driven by Berry acquisition and
pass through of higher raw material costs
-- Net income $389 million vs. -$39 million prior-year
-- Adjusted EBITDA $1,045 million vs. $789 million prior-year, up 32%
-- Diluted EPS of $0.83 vs. $-0.10 prior-year
-- Adjusted Diluted EPS of $1.23 vs $1.00 prior-year, up 23%
Highlights - Fiscal Year Ended June 30, 2026
-- Net sales $23.5 billion, up 57% largely driven by the Berry acquisition -- Net income $1,106 million vs. $511 million prior-year -- Adjusted EBITDA $3,673 million vs. $2,186 million prior-year, up 68% -- Diluted EPS of $2.38 vs. $1.60 prior-year -- Adjusted Diluted EPS $4.02 vs. $3.56 prior-year, up 13%
Outlook - Six Months Ended December 31, 2026 ('Transition Period')
-- Adjusted Diluted EPS of $1.80 to $1.90
Amcor CEO Peter Konieczny said, "We delivered strong operating performance in the fourth quarter despite a challenging macro environment. We drove broad-based volume growth, while effectively managing unprecedented input cost inflation. Synergy realization came in ahead of plan, while performance in our non-core businesses improved substantially.
Looking ahead, we are encouraged by the momentum we see across the business and the greater potential for growth and continued synergy capture following the transformative acquisition of Berry. As we complete the integration and begin to realize our potential as a global leader in consumer packaging, we remain confident in delivering on our medium and long-term commitments."
Key
Financials(1)(2)(3) Three Months Ended June 30, Twelve Months Ended June 30,
GAAP results 2025 $ million 2026 $ million 2025 $ million 2026 $ million
-------------------- -------------- -------------- -------------- -------------- -------------- --------------
Net sales 5,082 6,398 15,009 23,506
Net income (39) 389 511 1,106
EPS (diluted, $) (0.10) 0.83 1.60 2.38
--------------------- -------------- -------------- -------------- -------------- -------------- --------------
Three Months Ended June 30, Twelve Months Ended June 30,
-------------- --------------
Adjusted non-GAAP
results 2025 $ million 2026 $ million Reported % 2025 $ million 2026 $ million Reported %
-------------------- -------------- -------------- -------------- -------------- -------------- --------------
Net sales 5,082 6,398 26 15,009 23,506 57
EBITDA 789 1,045 32 2,186 3,673 68
EBIT 611 836 37 1,723 2,813 63
Net income 408 570 40 1,136 1,863 64
EPS ($) 1.00 1.23 23 3.56 4.02 13
Free Cash Flow 943 1,396 48 926 1,303 41
--------------------- -------------- -------------- -------------- -------------- -------------- --------------
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 results
Three months ended June 30, 2026
Net sales of $6,398 million were 26% higher than last year on a reported basis, including approximately $962 million of acquired sales net of divestitures, which represents growth of approximately 19%. The pass through of movements in raw material costs had a favorable impact of approximately $280 million, which represents growth of approximately 6%, movements in foreign exchange rates had a favorable impact of approximately 2% and the remaining (1%) year-over-year variation reflects the net impact of volumes and price/mix.
The Company estimates that volumes were approximately 0.5% higher than estimated combined volumes for the legacy Amcor and legacy Berry businesses in the June quarter last year, excluding non-core and divested businesses. The Company estimates that price/mix had an unfavorable impact of approximately (1%) on comparable prior year net sales, excluding non-core and divested businesses.
Adjusted EBIT of $836 million was 37% higher than last year on a reported basis, including approximately $96 million of acquired EBIT net of divestitures, which represents growth of approximately 15%. Movements in foreign exchange rates had a favorable impact of approximately 3% and the remaining 19% year-over-year variation mainly reflects synergy benefits from the Berry acquisition of approximately $100 million and strong execution against initiatives to drive cost and productivity benefits, including in the non-core businesses.
GAAP net interest expense was $150 million and GAAP income tax expense was $97 million. Inclusive of acquisition- related financial benefits of approximately $15 million, adjusted net interest expense was $150 million and adjusted tax expense was $116 million representing an effective tax rate of 16.8%. Adjusted net interest expense was $36 million higher than the prior year primarily as a result of increased acquisition related net debt.
Twelve months ended June 30, 2026
Net sales of $23,506 million were 57% higher than last year on a reported basis, including approximately $7.9 billion of acquired sales net of divestitures, which represents growth of approximately 52%. The pass through of movements in raw material costs had a favorable impact of approximately $240 million, which represents growth of approximately 2%, movements in foreign exchange rates had a favorable impact of approximately 5% and the remaining (2%) year-over-year variation reflects the net impact of volumes and price/mix.
Adjusted EBIT of $2,813 million was 63% higher than last year on a reported basis, including approximately $842 million of acquired EBIT net of divestitures, which represents growth of approximately 49%. Movements in foreign exchange rates had a favorable impact of approximately 4% and the remaining 10% year-over-year variation mainly reflects synergy benefits from the Berry acquisition of approximately $240 million, partly offset by lower volumes.
GAAP net interest expense was $610 million and GAAP income tax expense was $181 million. Inclusive of acquisition-related financial benefits of approximately $45 million, adjusted net interest expense was $581 million and adjusted tax expense was $368 million representing an effective tax rate of 16.5%.
Free cash flow was $1,303 million after funding approximately $290 million of net transaction, restructuring and integration costs. Net debt was $12,897 million at June 30, 2026.
Dividend
The Board declared a quarterly cash dividend of 65.0 cents per share today, compared with 63.75 cents per share, 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 92.0 Australian cents per share, which reflects the quarterly dividend of 65.0 cents per share converted at an AUD:USD average exchange rate of 0.7043 over the five trading days ended August 10, 2026.
The ex-dividend date will be September 3, 2026 for holders of CDIs trading on the ASX and September 4, 2026 for holders of shares trading on the NYSE. For all shareholders, the record date will be September 4, 2026 and the payment date will be September 24, 2026.
Outlook
Amcor will have a six-month reporting period from July 1, 2026, through December 31, 2026 ('Transition Period'), as part of transitioning from a previously announced June 30 to December 31 year-end.
For the transition period, the Company expects Adjusted EPS of approximately $1.80 to $1.90, and leverage on December 31, 2026 of 3.5x - 3.6x.([) (1])
Outlook does not take into account the impact of potential portfolio optimization actions not announced to date. Outlook contemplates a range of factors, including ongoing geopolitical developments, which create a higher degree of uncertainty and additional complexity when estimating future financial results and actual results could vary materially. Reconciliations of projected non-GAAP measures are not included herein because the individual components are not known with certainty as individual financial statements for the periods referenced have not been completed. Refer to page 14 for further information.
([1]) Leverage calculated as Net Debt divided by LTM Adjusted EBITDA plus share-based compensation.
Conference Call
Amcor is hosting a conference call with investors and analysts to discuss these results on Wednesday August 12, 2026 at 8:00am US Eastern Daylight Time / 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 : 980769865
-- USA: 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.
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 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, 75,000 people generate $23 billion in annual sales from operations that span approximately 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I YouTube
Amcor plc UK Establishment Address: 83 Tower Road North, Warmley, Bristol, England, BS30 8XP, United Kingdom
UK Overseas Company Number: BR020803
Registered Office: 3rd Floor, 44 Esplanade, St Helier, JE4 9WG, Jersey
Jersey Registered Company Number: 126984, Australian Registered Body Number (ARBN): 630 385 278
Segment information
Global Flexible Packaging Solutions segment - June 2026 quarter
Three Months Ended June 30,
------------ ---------- -----------
Constant
2025 $ million 2026 $ million Reported % currency %
------------ -------------- -------------- ---------- -----------
Net sales 2,994 3,525 18 16
Adjusted EBIT 435 533 23 20
Adjusted EBIT
/ Sales % 14.5 15.1
------------- -------------- -------------- ---------- -----------
Net sales of $3,525 million were 16% higher than last year on a constant currency basis including approximately $297 million of acquired sales net of divestitures, which represents growth of approximately 10%. The pass through of movements in raw material costs had a favorable impact of approximately $190 million, or 6% on net sales.
The Company estimates that volumes for the Global Flexible Packaging Solutions segment were approximately 1% higher compared to volumes for the combined legacy Amcor and Berry businesses in the June quarter last year. Market category highlights included higher volumes in pet food and protein, partly offset by lower volumes in healthcare. By region, volumes in developed markets were higher than the prior year led by North America. Emerging markets continued to see volume growth compared with the prior year, led by Asia. The Company estimates that price/mix had an unfavorable impact of approximately (1%) on comparable prior year net sales.
Adjusted EBIT of $533 million was 20% higher than last year on a constant currency basis, reflecting approximately $31 million of acquired EBIT, net of divestitures which represents growth of approximately 7%. The remaining 13% year-over-year growth mainly reflects synergy realization from the Berry acquisition, favorable cost performance and productivity benefits.
Global Flexible Packaging Solutions segment - FY 2026
Twelve Months Ended June 30,
------------ ---------- -----------
Constant
2025 $ million 2026 $ million Reported % currency %
------------ -------------- -------------- ---------- -----------
Net sales 10,066 12,829 27 24
Adjusted EBIT 1,398 1,789 28 26
Adjusted EBIT
/ Sales % 13.9 13.9
------------- -------------- -------------- ---------- -----------
Net sales of $12,829 million were 24% higher than last year on a constant currency basis including approximately $2.2 billion of acquired sales net of divestitures, which represents growth of approximately 22%. The pass through of movements in raw material costs had a favorable impact of approximately $240 million, or 2% on net sales.
Adjusted EBIT of $1,789 million was 26% higher than last year on a constant currency basis, reflecting approximately $250 million of acquired EBIT, net of divestitures which represents growth of approximately 18%. The remaining 8% year-over-year growth mainly reflects synergy benefits from the Berry acquisition, favorable cost performance and productivity benefits.
Global Rigid Packaging Solutions segment - June 2026 quarter
Three Months Ended June 30,
------------ ---------- -----------
Constant
2025 $ million 2026 $ million Reported % currency %
------------ -------------- -------------- ---------- -----------
Net sales 2,088 2,873 38 35
Adjusted EBIT 219 352 61 57
Adjusted EBIT
/ Sales % 10.5 12.3
------------- -------------- -------------- ---------- -----------
Net sales of $2,873 million were 35% higher than last year on a constant currency basis, including approximately $665 million of acquired sales, which represents growth of approximately 32%. The pass through of movements in raw material costs had a favorable impact of approximately $90 million, or 4% on net sales, and the remaining (1%) year- over-year variation reflects the impact of volumes and price/mix.
Excluding non-core businesses, the Company estimates that volumes for the Global Rigid Packaging Solutions segment were approximately 0.5% higher compared with volumes for the combined legacy Amcor and Berry businesses in the June quarter last year. Market category highlights included higher volumes in foodservice and beauty & wellness, partly offset by lower volumes in liquids. By region, volumes in North America were in line with the prior year, higher than the prior year in Europe and modestly lower across emerging markets, primarily Latin America. The Company estimates that price/mix had an unfavorable impact of approximately (1%) on comparable prior year net sales.
Adjusted EBIT of $352 million was 57% higher than last year on a constant currency basis, including approximately $52 million of acquired EBIT which represents growth of approximately 24%. The remaining 33% year-over-year variation mainly reflects synergy realization from the Berry acquisition and strong execution against initiatives to drive cost and productivity benefits, including the non-core businesses.
Global Rigid Packaging Solutions segment - FY 2026
Twelve Months Ended June 30,
------------ ---------- -----------
Constant
2025 $ million 2026 $ million Reported % currency %
------------ -------------- -------------- ---------- -----------
Net sales 4,943 10,677 116 110
Adjusted EBIT 435 1,176 170 161
Adjusted EBIT
/ Sales % 8.8 11.0
------------- -------------- -------------- ---------- -----------
Net sales of $10,677 million, were 110% higher than last year on a constant currency basis, including approximately $5.6 billion of acquired sales net of divestitures, which represents growth of approximately 114%, while the remaining (4%) year-over-year variation reflects lower volumes and price/mix. The pass through of movements in raw material costs had no material impact on net sales.
Adjusted EBIT of $1,176 million was 161% higher than last year on a constant currency basis, including approximately $635 million of acquired EBIT net of divestitures which represents growth of approximately 146%. The remaining 15% year-over-year variation mainly reflects synergy benefits from the Berry acquisition and cost reduction initiatives, partly offset by lower volumes and lower earnings in non-core businesses.
Adjusted EBIT margins of 11.0% were 220 basis points higher than the prior year reflecting the improved quality of the combined business.
U.S. GAAP Condensed Consolidated Statements of Income (Unaudited)
Three Months Ended June Twelve Months Ended June
30, 30,
($ million,
except per share
amounts) 2025 2026 2025 2026
---------------- ----------- ------------ ------------ ------------
Net sales 5,082 6,398 15,009 23,506
Cost of sales (4,187) (5,061) (12,175) (18,816)
----------------- ----------- ------------ ------------ ------------
Gross profit 895 1,337 2,834 4,690
Selling, general,
and
administrative
expenses (408) (568) (1,205) (1,931)
Amortization of
acquired
intangible
assets (130) (147) (246) (558)
Research and
development
expenses (38) (42) (120) (170)
Restructuring,
transaction and
integration
expenses, net (236) (36) (307) (298)
Other income, net 4 102 53 166
----------------- ----------- ------------ ------------ ------------
Operating income 87 646 1,009 1,899
Interest expense,
net (125) (150) (347) (610)
Other
non-operating
income/(loss),
net (9) (11) (12) (7)
----------------- ----------- ------------ ------------ ------------
Income/loss
before income
taxes and equity
in income/(loss)
of affiliated
companies (47) 485 650 1,282
Income tax
expense 6 (97) (135) (181)
Equity in
income/(loss) of
affiliated
companies, net
of tax 2 1 3 5
----------------- ----------- ------------ ------------ ------------
Net income/(loss) (39) 389 518 1,106
Net income
attributable to
non-controlling
interests -- -- (7) --
---------------- ----------- ------------ ------------ ------------
Net income/(loss)
attributable to
Amcor plc (39) 389 511 1,106
----------------- ----------- ------------ ------------ ------------
USD:EUR average
FX rate 0.8825 0.8614 0.9203 0.8574
Basic earnings
per share
attributable to
Amcor (0.10) 0.84 1.60 2.39
Diluted earnings
per share
attributable to
Amcor (0.10) 0.83 1.60 2.38
Weighted average
number of shares
outstanding --
Basic 406.9 463.4 317.9 463.2
Weighted average
number of shares
outstanding --
Diluted 408.0 464.6 318.6 463.8
----------------- ----------- ------------ ------------ ------------
U.S. GAAP Condensed Consolidated Statements of Cash Flows (Unaudited)
Twelve Months Ended June 30,
($ million) 2025 2026
------------------------------------ -------------- --------------
Net income 518 1,106
Depreciation, amortization, and
impairment 722 1,479
Net gain on disposal of businesses and
investments (8) (54)
Changes in operating assets and
liabilities, excluding effect of
acquisitions, divestitures, and
currency (53) (273)
Other non-cash items 211 (107)
-------------------------------------- -------------- --------------
Net cash provided by operating
activities 1,390 2,151
Purchase of property, plant, and
equipment and other intangible
assets (580) (922)
Proceeds from sales of property,
plant, and equipment and other
intangible assets 18 73
Business acquisitions and Investments
in affiliated companies, and other (1,653) (17)
Proceeds from divestitures 113 272
Proceeds from sale of affiliated
companies and other investments 70
Net debt proceeds/(repayments) 1,876 (65)
Dividends paid (845) (1,195)
Share buy-back/cancellations -- (1)
Purchase of treasury shares, proceeds
from exercise of options and tax
withholdings for share- based
incentive plans (107) (65)
Other, including effects of exchange
rate on cash and cash equivalents 27 (13)
-------------------------------------- -------------- --------------
Net increase/decrease in cash and cash
equivalents 239 288
Cash and cash equivalents at the
beginning of the year 588 827
-------------------------------------- -------------- --------------
Cash and cash equivalents at the end
of the year 827 1,115
-------------------------------------- -------------- --------------
U.S. GAAP Condensed Consolidated Balance Sheets (Unaudited)
($ million) June 30, 2025 June 30, 2026
------------------------------------------- ------------- -------------
Cash and cash equivalents 827 1,115
Trade receivables, net 3,426 3,639
Inventories, net 3,471 3,672
Property, plant and equipment, net 8,202 7,409
Goodwill and other intangible assets, net 18,679 18,663
Other assets 2,461 2,597
-------------------------------------------- ------------- -------------
Total assets 37,066 37,095
-------------------------------------------- ------------- -------------
Trade payables 3,490 4,021
Short-term debt and current portion of
long-term debt 257 150
Long-term debt, less current portion 13,841 13,862
Accruals and other liabilities 7,738 7,261
Shareholders' equity 11,740 11,801
-------------------------------------------- ------------- -------------
Total liabilities and shareholders' equity 37,066 37,095
-------------------------------------------- ------------- -------------
Components of Fiscal 2026 Net Sales growth
Three Months Ended June 30 Twelve Months Ended June 30
Global Global Global
Flexible Rigid Flexible Global Rigid
Packaging Packaging Packaging Packaging
($ million) Solutions Solutions Total Solutions Solutions Total
---------------- --------- --------- ----- --------- ------------ ------
Net sales fiscal
year 2026 3,525 2,873 6,398 12,829 10,677 23,506
Net sales fiscal
year 2025 2,994 2,088 5,082 10,066 4,943 15,009
---------------- --------- --------- ----- --------- ------------ ------
Reported Growth
% 18 38 26 27 116 57
---------------- --------- --------- ----- --------- ------------ ------
FX % 2 3 2 3 6 5
---------------- --------- --------- ----- --------- ------------ ------
Constant
Currency Growth
% 16 35 24 24 110 52
---------------- --------- --------- ----- --------- ------------ ------
Raw Material
Pass Through % 6 4 6 2 -- 2
Items affecting
comparability
% 10 32 19 22 114 52
---------------- --------- --------- ----- --------- ------------ ------
Organic Growth % -- (1) (1) -- (4) (2)
---------------- --------- --------- ----- --------- ------------ ------
Volume % 1 (1) -- (1) (3) (2)
Price/Mix % (1) -- (1) 1 (1) --
---------------- --------- --------- ----- --------- ------------ ------
Reconciliation of Non-GAAP Measures
Reconciliation of adjusted Earnings before interest, tax, depreciation and
amortization (EBITDA), Earnings before interest and tax $(EBIT)$, Net income, Earnings
per share (EPS) and Free Cash Flow
Three Months Ended June 30,
2025 Three Months Ended June 30, 2026
Net EPS Net EPS
($ million) EBITDA EBIT Income (Diluted) EBITDA EBIT Income (Diluted)
---------------- ------ ---- ------ --------- ------ ---- ------ -----------
Net income
attributable to
Amcor (39) (39) (39) (0.10) 389 389 389 0.83
Net income
attributable to
non-controlling
interests -- -- -- --
Tax expense (6) (6) 97 97
Interest expense,
net 125 125 150 150
Depreciation and
amortization 309 367
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
EBITDA, EBIT, Net
income and EPS 389 80 (39) (0.10) 1,003 636 389 0.83
Impact of
hyperinflation 8 8 8 0.02 6 6 6 0.01
Restructuring,
integration and
related
expenses, net
(1) 53 53 53 0.13 24 36 36 0.08
Transaction costs 142 142 142 0.35 -- -- -- --
Merger related
compensation 41 41 41 0.10 -- -- -- --
Inventory step-up
amortization 133 133 133 0.33 -- -- -- --
Other 24 24 24 0.06 12 12 12 0.03
Amortization of
acquired
intangibles (2) 130 130 0.32 147 147 0.32
Interest expense
Berry
Transaction 10 0.02 -- --
Tax effect of
above items (94) (0.23) (20) (0.04)
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
Adjusted EBITDA,
EBIT, Net income
and EPS 789 611 408 1.00 1,045 836 570 1.23
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
Reconciliation of adjusted growth to constant
currency growth
% growth - Adjusted EBITDA, EBIT, Net income and
EPS 32 37 40 23
% currency impact 2 3 4 3
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
% constant
currency growth 30 34 36 20
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
% items affecting
comparability
(3) 18 15
% from all other
sources 12 19
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
Adjusted EBITDA 789 1,045
Interest paid,
net (123) (143)
Income tax paid (138) (70)
Purchase of
property, plant
and equipment
and other
intangible
assets (220) (235)
Proceeds from
sales of
property, plant
and equipment
and other
intangible
assets 9 35
Movement in
working capital 744 849
Other (118) (57)
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
Adjusted Free
Cash Flow 943 1,424
----------------- ------ ---- ------ --------- ------ ---- ------ -----------
Berry transaction
and integration
costs (28)
Free cash flow 1,396
(1) Three months ended June 30, 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.
Twelve Months Ended June 30, Twelve Months Ended June 30,
2025 2026
EPS
Net EPS Net (Diluted)
($ million) EBITDA EBIT Income (Diluted) EBITDA EBIT Income (1)
---------------- ------ ----- ------ --------- ------ ----- ------ ---------
Net income
attributable to
Amcor 511 511 511 1.60 1,106 1,106 1,106 2.38
Net income
attributable to
non-controlling
interests 7 7 -- --
Tax expense 135 135 181 181
Interest expense,
net 347 347 610 610
Depreciation and
amortization 710 1,450
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
EBITDA, EBIT, Net
income and EPS 1,710 1,000 511 1.60 3,347 1,897 1,106 2.38
Impact of
hyperinflation 16 16 16 0.05 19 19 19 0.04
Restructuring,
integration and
related
expenses, net
(2) 97 97 97 0.30 234 266 266 0.58
Transaction costs 169 169 169 0.53 32 32 32 0.07
Merger related
compensation 41 41 41 0.13 -- -- -- --
Inventory step-up
amortization 133 133 133 0.42 -- -- -- --
Other 21 21 21 0.07 41 41 41 0.09
Amortization of
acquired
intangibles (3) 246 246 0.77 558 558 1.20
Interest expense
Berry
Transaction 15 0.05 29 0.06
Tax effect of
above items (113) (0.35) (188) (0.40)
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
Adjusted EBITDA,
EBIT, Net income
and EPS 2,186 1,723 1,136 3.56 3,673 2,813 1,863 4.02
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
Reconciliation of adjusted growth to constant
currency growth
% growth - Adjusted EBITDA,
EBIT, Net income, and EPS 68 63 64 13
% currency impact 4 4 5 3
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
% constant
currency growth 64 59 59 10
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
% items affecting
comparability
(4) 56 49
% from all other
sources 8 10
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
Adjusted EBITDA 2,186 3,673
Interest paid,
net (290) (549)
Income tax paid (286) (451)
Purchase of
property, plant
and equipment
and other
intangible
assets (580) (922)
Proceeds from
sales of
property, plant
and equipment
and other
intangible
assets 18 48
Movement in
working capital 34 (50)
Other (156) (156)
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
Adjusted Free
Cash Flow 926 1,593
----------------- ------ ----- ------ --------- ------ ----- ------ ---------
Berry transaction
and integration
costs (290)
Free cash flow 1,303
(1) Calculation of diluted EPS for the twelve months ended June 30, 2026 and 2025,
excludes net income attributable to shares to be repurchased under forward contracts
of $0 million and $1 million, respectively. Earnings per share amounts are computed
independently for each of the quarters presented. The sum of the quarters may not
equal the total year amount due to the impact of changes in average quarterly shares
outstanding and due to rounding.
(2) Twelve months ended June 30, 2026 primarily reflects restructuring and
integration costs incurred in connection with the Berry Global acquisition.
(3) Amortization of acquired intangible assets from business combinations.
(4) Reflects the impact of acquired, disposed, and ceased operations.
Reconciliation of adjusted EBIT by reporting segment
Three Months Ended June 30, 2025 Three Months Ended June 30, 2026
Global Global Global Global
Flexible Rigid Flexible Rigid
Packaging Packaging Packaging Packaging
($ million) Solutions Solutions Other Total Solutions Solutions Other Total
--------------- --------- --------- ----- ------ --------- --------- ----- ------
Net income
attributable to
Amcor (39) 389
Net income
attributable to
non-
controlling
interests -- --
Tax expense (6) 97
Interest
expense, net 125 150
---------------- --------- --------- ----- ------ --------- --------- ----- ------