Ardagh Metal Packaging S.A.

Latest Results (09.10.2025):

Ardagh Metal Packaging S.A. reported strong second quarter 2025 financial results, demonstrating significant revenue and Adjusted EBITDA growth despite macro-economic uncertainties. The company exceeded its guidance with robust performance across global markets, particularly in the Americas, and upgraded its full-year Adjusted EBITDA outlook.

Revenue Growth

Revenue for the second quarter 2025 reached $1,455 million, marking a 16% increase compared to $1,259 million in the same period last year. On a constant currency basis, revenue grew by 13%, driven by favorable volume and mix effects as well as the pass-through of higher input costs to customers.

Adjusted EBITDA Performance

Adjusted EBITDA surged by 18% to $210 million for the quarter, surpassing the upper end of guidance. This growth reflects improved operational efficiencies and strong volume performance, particularly in the Americas where Adjusted EBITDA increased by 34% to $133 million.

Regional Performance

Global beverage can shipments grew by 5%, with the Americas leading the way with over 8% growth, including a 12% increase in Brazil. In contrast, Europe experienced a 3% decrease in Adjusted EBITDA due to lower input cost recovery, although revenue in the region still rose by 9% to $615 million.

Financial Position and Dividends

Ardagh Metal Packaging maintained a strong liquidity position of $680 million as of June 30, 2025, and reduced its net debt to Adjusted EBITDA ratio to 5.3x from 5.8x year-over-year. The company declared a regular quarterly dividend of $0.10 per ordinary share, maintaining its commitment to shareholders.

Guidance Update

The company upgraded its full-year Adjusted EBITDA guidance to a range of $705-$725 million, reflecting enhanced underlying performance and favorable currency movements. Additionally, the third quarter Adjusted EBITDA is expected to be between $200-$210 million.