#Q3 Results #Luxembourg #Ardagh Group #Beverage Packaging

Ardagh Group's Third Quarter 2026 Results

On October 22, 2026, Ardagh Group S.A. shared its financial outcomes for the third quarter ending September 30, 2026. Despite a challenging economic landscape, the company's performance reveals resilience.

Key Highlights of Q3 2026:

• - Adjusted EBITDA remains stable at $392 million, marking little change compared to the same quarter last year.
• - For the last twelve months, Adjusted EBITDA totaled $1,466 million, showing a 9% annual growth.
• - The company reported a cash reserve of $1,470 million as of September 30, 2026.

Insights from Leadership

Mark Porto, Executive Chairman of Ardagh Group, expressed satisfaction with the company’s performance, emphasizing the success of Ardagh Metal Packaging (AMP). Porto noted that AMP achieved slight Adjusted EBITDA growth exceeding expectations, along with increased global beverage can shipments. Conversely, the performance of Ardagh Glass Packaging (AGP) aligned with revised forecasts, which were adjusted after disruptions in global energy markets. AGP’s results reflected a decline in EBITDA from the previous year due to inflationary pressures and operational challenges in the glass sector.

Adjusted EBITDA Breakdown

For Q3 2026, Ardagh Group's Adjusted EBITDA matched the previous year’s figures on a reported basis; however, it experienced a slight 2% decrease on a constant currency basis. The breakdown is notable with AMP achieving a 2% growth in Adjusted EBITDA, totaling $213 million. Meanwhile, AGP’s performance experienced a 4% decline (and 6% when adjusted for currency, totaling $179 million).

Global Shipments:
AMP's shipments rose by 2% year-over-year, driven by a 6% increase in Europe, though the Americas saw a 1% decline. In contrast, AGP reported a 1% decrease in shipments, primarily due to a 6% drop in North America, while Europe and Africa experienced modest gains.

Strategic Adjustments in Glass Operations

In light of lowered customer demand and excess production capacity, AGP is evaluating its glass manufacturing sites in Europe. The company has expressed intentions to close one furnace at its Holmegaard facility in Denmark and another in Knottingley, UK. These actions are part of a strategic plan to optimize production capacity without disrupting customer supply, as ongoing orders will continue to be filled from other facilities.

Financial Position and Debt Management

At the conclusion of Q3, Ardagh Group's consolidated cash and available liquidity totaled $1,470 million, with $734 million attributed to the ARGID Group, which includes various subsidiaries excluding AMP.
The company’s net debt to Adjusted EBITDA ratio improved to 6.0x at the end of the quarter, down from 7.8x at the previous year's end, reflecting sound financial management.

Future Plans and Market Movements

The group is also considering a strategic sale of its stake in Trivium Packaging, following Ontario Teachers' Pension Plan’s decision to divest its majority position in the company. The agreement for Ardagh to sell its approx 42% stake could potentially yield around $90 million in cash proceeds, earmarked for reinvestment or reduction of debt. Porto concluded by reiterating Ardagh's commitment to navigating current economic uncertainties while positioning the company for future growth in the beverage packaging sector.

For further details, a webcast and conference call are scheduled for October 22, 2026, at 11:00 a.m. EDT. Interested parties can register via the company’s official web links.

The complete Q3 2026 interim report is accessible online for stakeholders and interested investors.