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Mar 31
Amcor Q3 2025 Earnings Report
Amcor reported steady results in Q3 2025 with solid earnings and the successful closure of its merger with Berry Global.
Key Takeaways
Amcor delivered Q3 2025 results featuring stable revenue and EPS performance amid challenging market conditions. The quarter was marked by the early closure of the Berry Global merger, laying the groundwork for future synergies.
Revenue reached $3.33 billion, down 2% year-over-year on a reported basis.
GAAP Net Income totaled $196 million, with adjusted EPS at $0.18.
The Berry Global merger closed earlier than anticipated, positioning Amcor for integration synergies.
Adjusted EBIT margin remained strong at 11.5%.
Amcor
Amcor
Amcor Revenue by Segment
Revenue by Segment
Flexible Packaging Revenue
CapyFin.comRigid Packaging Revenue
CapyFin.com Forward Guidance
Amcor expects FY2025 adjusted EPS between $0.72 and $0.74 and free cash flow of $900–1,000 million, incorporating merger-related impacts.
Positive Outlook
- Early closure of Berry merger sets foundation for faster integration.
- $650 million in targeted synergies over 3 years.
- $260 million in synergies expected in FY2026.
- Adjusted EPS accretion expected at ~12% in FY2026.
- Strengthened position in healthcare and sustainability-focused packaging.
Challenges Ahead
- Q3 revenue declined 2% YoY on a reported basis.
- Weak consumer demand persisted in North America.
- Adjusted free cash flow impacted by higher inventories.
- EPS growth driven mainly by cost actions, not organic growth.
- Ongoing headwinds in Rigid Packaging due to prior divestitures and demand softness.
Revenue & Expenses
Visualization of income flow from segment revenue to net income