Amcor Showcases Strong Financial Growth Amid Challenges in Second Quarter 2026

Amcor's Second Quarter Financial Highlights

Amcor, a global leader in packaging solutions, has once again demonstrated its resilience by reporting solid financial performance for the second quarter ended December 31, 2025. This quarter has been significant for the company, largely influenced by its strategic acquisition of Berry Global, which has bolstered its market position considerably.

Key Financial Insights

According to the company's latest report, net sales for the second quarter reached $5,449 million, reflecting a remarkable increase of 68% compared to the same period last year. This growth can be attributed mainly to the integration of Berry, with net sales growing by approximately $2.2 billion after accounting for divestments. In addition, Amcor's GAAP net income stood at $177 million, including around $5 million from acquisition-related financial benefits, leading to a GAAP diluted EPS of $0.38.

Furthermore, the company achieved an adjusted EBITDA of $826 million, up 83% year-on-year, and an adjusted EBIT of $603 million, marking a 66% increase. The adjusted EBITDA and EBIT margins improved to 15.2% and 11.1%, respectively.

First Half Fiscal Insights

For the first half of fiscal 2026, Amcor reported net sales of $11,194 million, which is an impressive 70% increase compared to the prior fiscal year. The adjusted EBITDA margin for this period was recorded at 15.5%, indicating strong operational efficiency. Adjusted EPS also rose to $1.83, representing a 14% growth.

Strategic Outlook for 2026

Amcor’s CEO, Peter Konieczny, mentioned that the strong performance is aligned with expectations despite challenges in volume. He remarked, “Strong Adjusted EPS growth was driven by disciplined execution and synergy benefits from the Berry acquisition at the upper end of expectations.” The management has reiterated its guidance for fiscal 2026, expecting adjusted EPS to range between $4.00 and $4.15, which equates to a constant currency growth of 12-17%. The forecast also anticipates a healthy free cash flow of approximately $1.8 to $1.9 billion.

Challenges in Volume Persistence

Despite these impressive figures, Amcor faced challenges, particularly concerning volumes. The company estimated that combined volumes for the legacy Amcor and Berry businesses were approximately 1.5% lower than in the previous year. Notably, lower volumes primarily affected non-core segments, although positive growth was observed in emerging markets, primarily in Asia-Pacific.

Quarterly Dividends

Reflecting confidence in its growth trajectory, Amcor's Board declared a quarterly cash dividend of $0.65 per share, which demonstrates their commitment to returning value to shareholders.

Conclusion

Amcor's financial performance in the second quarter of fiscal 2026 is testifying to the success of its acquisition strategy and operational efficiency. As the company progresses through 2026, its focus will be on harnessing synergies from Berry and continuing its mission to be a frontrunner in providing innovative and responsible packaging solutions. Investors and analysts will keenly observe how the company navigates market challenges while leveraging growth opportunities in consumer packaging across nutrition, health, beauty, and wellness sectors.