AMCR
Updated: 12/10/2026, 03:59:19
Amcor plc stands as a prominent global provider of packaging solutions, focusing on the creation, production, and distribution of its diverse product portfolio across Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company's operations are divided into two main segments: Flexibles and Rigid Packaging. The Flexibles division specializes in offering advanced flexible and film packaging solutions, catering to a wide array of industries including food and beverages, medical and pharmaceutical sectors, fresh produce, snack foods, and personal care items. Meanwhile, the Rigid Packaging segment is responsible for manufacturing robust containers suitable for an extensive range of liquid and food products. This includes packaging for carbonated soft drinks, various types of water, juices, sports drinks, dairy-based beverages, spirits, beer, sauces, dressings, spreads, and personal care necessities. Additionally, this segment produces plastic closures designed for numerous applications. Amcor predominantly sells its offerings directly to clients through its dedicated sales force. The company was founded in 2018 and its corporate headquarters are situated in Zürich, Switzerland.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2026 filing.
Revenue
$23.5B
FY 2026 · Reported
Net income
$1.1B
FY 2026 · Reported
Gross margin
20.0%
FY 2026 · Calculated
Free cash flow
N/A
FY — · Reported
R&D intensity
0.7%
FY 2026 · Calculated
Share repurchases
$0.0B
FY 2026 · Reported
Other offerings mentioned without separate sales
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Company overview and scale
Global leader in responsible primary packaging; ~75,000 employees, $23.5B FY26 sales, ~400 locations in 40+ countries
“approximately 75,000 Amcor people generated $23.5 billion in annual sales from operations that span approximately 400 locations in more than 40 countries”
Global leader in primary consumer packaging
Global leader in responsible primary consumer packaging and dispensing solutions across nutrition, health, beauty and wellness; origins in Australia and the US; history over 150 years.
“we are the global leader in developing and producing responsible primary consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories”
Two reportable segments
Two reportable segments: Global Flexible Packaging Solutions and Global Rigid Packaging Solutions, selling across Europe, North America, Latin America, and Asia Pacific.
“we have determined we have two reportable segments, Global Flexible Packaging Solutions and Global Rigid Packaging Solutions”
Reportable segments
Two reportable segments (Global Flexible Packaging Solutions, Global Rigid Packaging Solutions); Latin America flexible ops recast into Rigid segment in Q3 FY2026
“we began reporting certain flexible operations in Latin America that were previously reported in our Global Flexible Packaging Solutions reportable segment in our Global Rigid Packaging Solutions reportable segment”
Predominantly direct sales force
Sales made through a variety of distribution channels, predominantly through the direct sales force; offices and plants primarily in Europe, North America, Latin America, Asia-Pacific.
“Our sales are made through a variety of distribution channels, but predominantly through our direct sales force.”
Global Rigid Packaging Solutions products and footprint
Manufactures rigid packaging containers, closures, dispensing and pharma delivery devices; ~38,000 employees at ~210 facilities in 33 countries (June 30, 2026).
“Our Global Rigid Packaging Solutions segment manufactures rigid packaging containers, closures, dispensing and pharma delivery devices, and related products globally”
Global Flexible Packaging Solutions products and footprint
One of the world's largest suppliers of polymer resin, aluminum, and fiber based flexible packaging; ~36,000 employees at ~190 facilities in 33 countries (June 30, 2026).
“the Global Flexible Packaging Solutions segment is one of the world's largest suppliers of polymer resin, aluminum, and fiber based flexible packaging solutions”
FY2026 consolidated results vs FY2025
Net sales $23,506M (2026) vs $15,009M (2025), +57%; organic volume down ~2%; operating income $1,899M vs $1,009M
“Net sales increased by $8,497 million, or 57%, in fiscal year 2026... the remaining variation in net sales for fiscal year 2026 was a decrease of approximately $260 million or 2%, primarily reflecting lower sales volume.”
FY2026 segment net sales split
FY2026: Global Flexible Packaging Solutions ~55% of consolidated net sales; Global Rigid Packaging Solutions ~45%.
“the Global Flexible Packaging Solutions segment accounted for approximately 55% of consolidated net sales”
Major raw materials
Major raw materials: polymer resins and films, paper, paperboard, inks, solvents, adhesives, aluminum; purchased from variety of global sources with no significant single-supplier dependence.
“Polymer resins and films, paper, paperboard, inks, solvents, adhesives, and aluminum constitute the major raw materials we use. These are purchased from a variety of global industry sources, and we are not significantly dependent on any one supplier for our raw materials.”
Argentina highly inflationary accounting
Argentina highly inflationary accounting caused FX losses of $19M/$16M/$53M in FY26/25/24; Argentina ops <1% of total assets
“Highly inflationary accounting resulted in a negative impact of $19 million, $16 million and $53 million in foreign currency transaction losses”
Foreign exchange translation exposure currencies
Translational exposure to Euro, Brazilian Real, Swiss Franc, Chinese Yuan, and UK Pound Sterling vs USD reporting currency; also Argentina hyperinflation/devaluation losses
“our translational exposure may be impacted by movements in the exchange rate between the Euro, the Brazilian Real, the Swiss Franc, the Chinese Yuan, and the United Kingdom Pound Sterling against the U.S. dollar.”
Berry Global merger completed April 30, 2025
Completed merger with Berry Global Group, Inc. on April 30, 2025; Berry shareholders received 7.25 Amcor ordinary shares per Berry share; Berry delisted from NYSE.
“Berry shareholders received 7.25 Amcor ordinary shares for each share of Berry common stock issued and outstanding. Upon completion of the transaction, Berry shares were delisted from the New York Stock Exchange.”
Named competitors
Competitors include 3M, AptarGroup, Avery Dennison, Ball, Crown Holdings, Graphic Packaging, Huhtamaki, International Paper, O-I Glass, Orora, Packaging Corp of America, Silgan, Smurfit WestRock, Sonoco; competition on service, sustainability, innovation, quality, price.
“Competitors include 3M, AptarGroup, Inc., Avery Dennison Corporation, Ball Corporation, Crown Holdings, Inc., Graphic Packaging International, Inc., Huhtamaki Oyj, International Paper Company, O-I Glass, Inc., Orora Limited, Packaging Corporation of America, Silgan Holdings Inc., Smurfit WestRock, and Sonoco Products Company”
Challenging market conditions FY2026
Softer consumer demand, order volatility, labor costs, Middle East conflict-driven energy price increases, and tariff uncertainty weighed on FY2026 results
“Market dynamics have remained challenging during fiscal year 2026, reflecting softer consumer demand and customer order volatility in certain markets, and cost pressures in certain areas, including labor costs.”
Demand tied to end-consumer packaged goods
Demand depends on consumer demand for packaging products, including packaged food, beverages, healthcare, personal care, agribusiness, industrial, and other consumer goods
“Demand for our products and services depends on consumer demand for our packaging products, including packaged food, beverages, healthcare, personal care, agribusiness, industrial, and other consumer goods”
R&D spend and IP portfolio
FY2026 R&D spend ~$170 million; over 7,000 patents, registered designs and trademarks; ~1,500 R&D professionals and engineers; global network of Innovation Centers.
“in fiscal year 2026 we spent approximately $170 million on research and development ("R&D")”
Portfolio strategic review of $2.5B in sales
Reviewing strategic alternatives for businesses with combined sales of $2.5B including North American Beverage; sold four businesses for $298M and ePac investment for ~$79M in FY2026
“we are reviewing strategic alternatives to maximize the value of our portfolio and have identified businesses with combined sales of $2.5 billion, which includes our North American Beverage business”
Sustainability targets and decarbonization
First packaging company (Jan 2018) to pledge recyclable/compostable/reusable packaging by 2025 with 10% PCR; 2030 recycled-content targets; SBTi-validated net zero by 2050 with five GHG levers.
“We established ambitious near-term and net zero science-based targets to reduce GHG emissions and achieve net zero emissions by 2050 which were validated by the Science Based Targets initiative ("SBTi") in fiscal year 2026”
Variable rate debt exposure
Approximately 15% of indebtedness was subject to variable interest rates as of June 30, 2026; rising rates increase borrowing costs
“As of June 30, 2026, approximately 15% of our indebtedness was subject to variable interest rates.”
Net debt and revolving facility
Net debt $12.9B (June 30, 2026); $3.75B revolver with $1.29B drawn, $2.46B undrawn; CP programs backstopped by committed facilities maturing March 2030
“Our net debt as of June 30, 2026, and June 30, 2025 was $12.9 billion and $13.3 billion, respectively.”
Fiscal year change to calendar year-end
Board changed fiscal year end to December 31 (May 1, 2026); transition report for six months July 1–Dec 31, 2026; first full calendar-year 10-K for FY ending Dec 31, 2027.
“On May 1, 2026, our Board of Directors acted to change our fiscal year end to a year beginning on January 1 and ending December 31.”
Berry Global Merger completion
Completed merger with Berry Global on April 30, 2025 for $10.4B consideration, plus ~$5.2B Berry debt assumed; ~846M shares issued (pre-split)
“On April 30, 2025, we completed the transactions called for by the Merger Agreement to obtain all of the ownership interest in Berry for purchase consideration of $10.4 billion, not including Berry debt assumed by Amcor of approximately $5.2 billion.”
Reverse stock split
1-for-5 reverse stock split effective January 14, 2026; par value increased to $0.05; 1,800M shares authorized
“On January 14, 2026, the Company filed an amendment to its memorandum of association to effect a 1-for-5 reverse stock split”
Fiscal year end change
Fiscal year end changed from June 30 to December 31, effective for period beginning July 1, 2026
“In May 2026, our Board of Directors approved a change in our fiscal year end from June 30 to December 31.”
Credit rating downgrade risk
Rating agency actions or adverse market conditions could reduce access to commercial paper and capital markets and raise borrowing costs; desire to maintain investment grade rating may cause asset sales, dividend reduction, reduced buybacks, capex, and working capital
“Our desire to maintain the Company's investment grade credit rating may also cause us to take certain actions designed to improve our cash flow, including sales of assets, suspension or reduction of our dividend, or share buybacks, and reductions in capital expenditures and working capital.”
Structural subordination of non-guarantor subsidiaries
Significant number of operating subsidiaries are not guarantors; creditor claims on Amcor debt are structurally subordinated to non-guarantor subsidiary creditors
“The non-guarantor subsidiaries have no direct obligations in respect of our indebtedness, and therefore, a direct claim against any non-guarantor subsidiary and any claims to enforce payment on our indebtedness will be structurally subordinated to all of the claims of the creditors of our non-guarantor subsidiaries.”
Trade policy, tariffs and geopolitical exposure
Changes in trade policy including tariffs and customs regulations; Middle East conflict and geopolitical conflicts pose commercial and supply risks
“changes in trade policy, including tariff and custom regulations or failure to comply with such regulations”
Insurance and captive insurer adequacy
Captive insurance companies in Singapore and Guernsey retain insurable risk; claims exceeding captive reserves could materially adversely affect results
“we retain a portion of our insurable risk through our captive insurance companies, located in Singapore and Guernsey.”
Intellectual property protection and infringement risk
Ability to compete depends on protecting owned and licensed IP; emerging markets offer weaker IP protection; infringement claims could require damages, licenses, or ceasing product sales
“Our ability to compete effectively depends, in part, on our ability to protect and maintain the proprietary nature of our owned and licensed intellectual property.”
USD-denominated input cost pass-through lag
Devaluation creates lag in passing through USD-denominated input costs, hurting margins
“we are likely to experience a lag in the timing to pass through U.S. dollar-denominated input costs across our business, which would adversely impact our margins and profitability.”
Cash management program sensitivity to interest rates
Rising rates could reduce attractiveness of customer and supply chain finance programs, hurting cash and working capital
“increases in interest rates could reduce the attractiveness of the cash management programs we use, such as customer and supply chain finance programs, which could negatively impact our cash and working capital and increase our borrowings.”
Internal control over financial reporting (SOX 404)
Subject to SOX Section 404 since fiscal year 2020; control failures could lead to restatement and loss of investor confidence
“We have been subject to the requirements of Section 404 of the Sarbanes-Oxley Act ("SOX") since fiscal year 2020.”
Cybersecurity and IT system disruption
Cybersecurity risks could disrupt operations or risk loss of sensitive business information; IT system failures could compromise customer, employee, and supplier data
“cybersecurity risks, which could disrupt our operations or risk of loss of our sensitive business information”
AI use could adversely affect business
Risk that the use of artificial intelligence could adversely affect business and financial results
“risk that the use of artificial intelligence could adversely affect our business and financial results”
Inflation mitigation via pricing and productivity
Inflation mitigated through pricing actions and productivity programs, but there may be a time lag and no guarantee measures fully offset inflation impacts
“Although we take measures to mitigate the impact of inflation, including through pricing actions and productivity programs, if these actions are not effective, our cash flow, financial condition, and results of operations could be materially and adversely impacted”
The Berry merger added ~$7.9B of net sales in FY2026 (52 points of the 57% growth), added ~$5.2B assumed debt, and is the source of the $530M synergy program.
“Excluding the increase of sales from the Merger, net of divestments, of approximately $7,864 million, or 52%, the positive currency impacts of approximately $649 million...”
Sales are closely tied to customers' end-consumer volumes across food, beverage, healthcare, personal care, agribusiness, and industrial categories.
“Sales of our products and services are closely tied to our customers' sales volumes to end consumers.”
Flexible packaging segment generated approximately 55% of FY2026 consolidated net sales across polymer resin, aluminum, and fiber-based solutions.
“the Global Flexible Packaging Solutions segment accounted for approximately 55% of consolidated net sales”
Rigid packaging segment generated approximately 45% of FY2026 consolidated net sales from containers, closures, dispensing and pharma delivery devices.
“the Global Rigid Packaging Solutions segment accounted for approximately 45% of consolidated net sales”
Highly competitive major markets; competes against 14 named public companies plus privately held firms on service, sustainability, innovation, quality, and price.
“The major markets in which we sell our products historically have been, and continue to be, highly competitive. Areas of competition include service, sustainability, innovation, quality, and price.”
Persistent inflation and geopolitical conflict reduced consumer demand and raised raw material, labor and energy costs; company is executing price and cost actions to mitigate.
“ongoing geopolitical tensions and conflicts, volatility and changes in U.S. domestic and global tariff frameworks, and persistent inflation across many economies, all of which have adversely affected consumption and consumer demand.”
Polymer resins and films are major inputs; price increases are generally passed to customers via contractual price mechanisms over time.
“Increases in the price of raw materials are generally able to be passed on to customers including through contractual price mechanisms over time.”
Demand tied to primary packaging for food, beverages, and healthcare products; leading positions in large, resilient and growing end markets for nutrition, health, beauty and wellness.
“We believe there will always be a role for the primary packaging solutions we produce to preserve food, beverages, and healthcare products, protect consumers, and promote brands.”
Relatively high inflation and interest rates in certain regions increase energy/raw material costs and borrowing costs; mitigated by pricing actions and productivity programs with possible time lag.
“the current Middle East conflict and relatively high inflation and interest rates in certain regions, which have substantially increased the cost of energy and many of the raw materials we use to produce packaging”
Middle East conflict escalation raised energy prices from Q3 FY2026, increasing raw material and transportation costs and disrupting logistics, particularly in Asia, despite no Middle East operations.
“the escalation of conflict in the Middle East disrupted global energy markets, resulting in higher energy prices beginning in the third quarter of fiscal year 2026”
Aluminum is a major raw material for both flexible and rigid packaging solutions, sourced from a variety of global industry sources.
“Polymer resins and films, paper, paperboard, inks, solvents, adhesives, and aluminum constitute the major raw materials we use”
Sustainability embedded across the business; circular economy commitments (recyclable/compostable/reusable by 2025, 2030 recycled content targets, SBTi-validated net zero by 2050) shape innovation and operations.
“In January 2018, we became the world’s first packaging company to pledge via our global commitment that all our packaging would be designed to be recyclable, compostable, or reusable by 2025”
Euro movements against the USD impact Amcor's translational exposure of reported results.
“our translational exposure may be impacted by movements in the exchange rate between the Euro, the Brazilian Real, the Swiss Franc, the Chinese Yuan, and the United Kingdom Pound Sterling against the U.S. dollar.”
The Middle East conflict is cited as a challenging global economic condition increasing energy and raw material costs and disrupting supply chains.
“Recent global economic challenges, including the current Middle East conflict and relatively high inflation and interest rates in certain regions”
Rapid shifts in U.S. trade policy and tariff frameworks contributed to global market uncertainty and uneven demand across end markets.
“Rapid shifts in U.S. trade policy, together with sustained inflationary pressures in the United States, have further contributed to global market uncertainty and uneven demand across several end markets.”
USD-denominated input costs create margin risk when local currencies devalue due to pass-through lag.
“we are likely to experience a lag in the timing to pass through U.S. dollar-denominated input costs across our business, which would adversely impact our margins and profitability.”
Rising rates increase borrowing costs on ~15% variable rate debt and reduce attractiveness of customer and supply chain finance programs.
“As of June 30, 2026, approximately 15% of our indebtedness was subject to variable interest rates.”
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