Ardagh Metal Packaging (AMBP) Company Report

Analyst Coverage

Research analysts who have asked questions during Ardagh Metal Packaging earnings calls.

Arun Viswanathan

RBC Capital Markets

8 questions for AMBP

Also covers: ALB, AMCR, APD +27 more

Gabe Hajde

Wells Fargo & Company

7 questions for AMBP

Also covers: AMCR, ATR, BALL +12 more

Stefan Diaz

Morgan Stanley

7 questions for AMBP

Also covers: BALL, CCK, DCI +4 more

Anthony Pettinari

Citigroup Inc.

5 questions for AMBP

Also covers: AMCR, AVY, BALL +26 more

Matt Roberts

Raymond James Financial

4 questions for AMBP

Also covers: AMCR, AVY, BALL +5 more

Mike Roxland

Truist Securities

4 questions for AMBP

Also covers: BALL, CCK, CLW +6 more

Anojja Shah

UBS Group AG

3 questions for AMBP

Also covers: BALL, CCK, GPK +5 more

George Staphos

Bank of America

3 questions for AMBP

Also covers: AMCR, ATR, AVY +18 more

Josh Spector

UBS Group

3 questions for AMBP

Also covers: ALB, APD, ASH +30 more

Joshua Spector

UBS

2 questions for AMBP

Also covers: ALB, APD, ASH +37 more

Michael Roxland

Truist Securities

2 questions for AMBP

Also covers: AMCR, AVY, BALL +16 more

Brian Burgmeier

Citi

1 question for AMBP

Bryan Burgmeier

Citigroup Inc.

1 question for AMBP

Also covers: AVY, CLH, GFL +6 more

Cashen Keeler

BofA Securities

1 question for AMBP

Also covers: BRC, PTVE

Michael Leithead

Barclays

1 question for AMBP

Also covers: APD, AVY, AXTA +15 more

Niccolo Piccini

Truist Securities

1 question for AMBP

Also covers: BALL, BERY, GEF +6 more

Richard Carlson

Wells Fargo

1 question for AMBP

Also covers: BALL, GEF, MAGN +1 more

Roger Spitz

Bank of America

1 question for AMBP

Also covers: GLT, MAGN, MEOH +4 more

Steven Diaz

Morgan Stanley

1 question for AMBP

Latest news

Recent press releases and 8-K filings for AMBP.

Ardagh Metal Packaging S.A. Reports Fourth Quarter and Full Year 2025 Results

AMBP

Earnings

Guidance Update

Dividends

Ardagh Metal Packaging S.A. (AMBP) reported revenue of $1,346 million for the fourth quarter ended December 31, 2025, a 13% increase from the prior year quarter, and $5,497 million for the full year 2025, up 12% from 2024.
Adjusted EBITDA for Q4 2025 was $166 million, a 1% increase, and for the full year 2025 was $739 million, a 10% increase compared to the prior year.
The company achieved a profit of $11 million for the full year 2025, compared to a loss of $3 million in 2024, with Adjusted earnings per share of $0.21 for FY 2025.
AMBP announced a regular quarterly ordinary dividend of $0.10 per ordinary share and reported a strong total liquidity position of $964 million as of December 31, 2025.
For the full year 2026, Adjusted EBITDA is projected to be in the range of $750-$775 million.

2 days ago

6-K

Ardagh Metal Packaging S.A. Reports Full Year 2025 Financial Results

AMBP

Earnings

Debt Issuance

Revenue Acceleration/Inflection

Ardagh Metal Packaging S.A. reported revenue of $5,497 million for the year ended December 31, 2025, an increase from $4,908 million in the prior year.
The company achieved a profit for the year of $11 million in 2025, a significant improvement compared to a loss of $(3) million in 2024.
Adjusted EBITDA increased to $739 million for the year ended December 31, 2025, up from $672 million in 2024.
Net debt rose to $3,900 million as of December 31, 2025, from $3,305 million at December 31, 2024.

2 days ago

6-K

Ardagh Metal Packaging Reports Strong 2025 Results, Provides 2026 Guidance and Strategic Updates

AMBP

Earnings

Guidance Update

Debt Issuance

Ardagh Metal Packaging (AMBP) reported full-year 2025 Adjusted EBITDA of $739 million, significantly exceeding initial guidance, and Q4 2025 Adjusted EBITDA of $166 million, also ahead of expectations.
For 2026, Adjusted EBITDA is guided in the range of $750 million-$775 million, with Q1 2026 Adjusted EBITDA expected between $160 million-$170 million.
The company successfully raised $1.3 billion of green bonds in Q4 2025, leading to annual cash savings of approximately $10 million through debt repayment and preferred share redemption.
North America is expected to see a small volume decline in 2026 as a transition year, with a return to growth anticipated in 2027; meanwhile, Europe is projected to grow volumes by around 3% in 2026 and plans to add capacity in Spain and the UK.

2 days ago

Transcript

Ardagh Metal Packaging Reports Strong 2025 Results and Provides 2026 Guidance

AMBP

Earnings

Guidance Update

Debt Issuance

Ardagh Metal Packaging (AMP) reported strong financial performance for 2025, with full-year Adjusted EBITDA of $739 million and Q4 2025 Adjusted EBITDA of $166 million, both exceeding initial guidance.
The company provided 2026 Adjusted EBITDA guidance in the range of $750 million to $775 million and expects Q1 2026 Adjusted EBITDA to be between $160 million and $170 million.
AMP ended 2025 with a robust liquidity position of $964 million and a net leverage of 5.3 times net debt to Adjusted EBITDA, following a $1.3 billion green bond financing that is expected to result in annual cash savings of approximately $10 million.
Global shipments grew over 3% in 2025. While North America is projected to experience a small volume decline in 2026, Europe and Brazil are expected to see growth, with Europe planning additional capacity in Spain and the UK.

2 days ago

Transcript

Ardagh Group Reports Strong Q4 & Full Year 2025 Results and Completes Recapitalization

AMBP

Earnings

Debt Issuance

Guidance Update

Ardagh Group, the parent company, reported Full Year 2025 Group Revenue of $9.6 billion and Adjusted EBITDA of $1.4 billion, marking an 11% increase in Adjusted EBITDA compared to the prior year.
Ardagh Metal Packaging (AMP) achieved $5.5 billion in revenue and $739 million in Adjusted EBITDA for FY 2025, with its Adjusted EBITDA growing 10% (8% at constant currency) and global shipments increasing over 3%.
The Group completed a comprehensive recapitalization on November 12, 2025, which substantially reduced its debt burden and lengthened debt maturities.
This recapitalization led to an improved leverage ratio, with net debt-to-Adjusted EBITDA reduced to 6x at December 31, 2025, alongside a strong liquidity position of $1,877 million.

2 days ago

Presentation

Ardagh Metal Packaging Exceeds 2025 Guidance and Provides Strong 2026 Outlook

AMBP

Earnings

Guidance Update

Debt Issuance

Ardagh Metal Packaging (AMP) reported a strong Q4 2025 Adjusted EBITDA of $166 million, exceeding its guidance, and a full-year 2025 Adjusted EBITDA of $739 million, significantly ahead of initial projections.
For the full year 2025, AMP achieved 10% year-over-year Adjusted EBITDA growth and over 3% shipments growth.
The company issued 2026 Adjusted EBITDA guidance in the range of $750 million-$775 million, driven by operational efficiencies and growth in Europe and Brazil, while North America is expected to be a "transition year" with a small volume decline.
AMP successfully completed a $1.3 billion green bond financing in December 2025, which is expected to generate approximately $10 million in annual cash savings and improve its capital structure.
The company ended 2025 with a robust $964 million in liquidity and generated $172 million in Adjusted Free Cash Flow.

2 days ago

Transcript

Ardagh Metal Packaging Announces Fourth Quarter and Full Year 2025 Results

AMBP

Earnings

Guidance Update

New Projects/Investments

Ardagh Metal Packaging (AMP) reported full-year 2025 revenue of $5,497 million, a 12% increase from 2024, and Adjusted EBITDA of $739 million, up 10% year-over-year.
For the fourth quarter of 2025, revenue grew 13% to $1,346 million, and Adjusted EBITDA increased 1% to $166 million.
The company projects full-year 2026 Adjusted EBITDA to be in the range of $750–775 million.
AMP announced plans to add additional capacity in existing facilities in Spain and the UK and reported a strong total liquidity position of $964 million at December 31, 2025.

2 days ago

Press Release

Ardagh Metal Packaging Discusses Regional Demand, 2026 Outlook, and Capacity Plans

AMBP

Guidance Update

New Projects/Investments

Demand Weakening

North America experienced good demand year-to-date, driven by the energy category, but expects a softer 2026 due to contract resets, describing it as a transition year before growth returns in 2027.
Europe is anticipated to grow 3%-4% in 2026, in line with the market, supported by long-term trends like sustainability and innovation. Brazil is expected to recover to 3%-5% growth in 2026, hoping for a boost from the World Cup and fiscal stimulus after a tough year.
The metal can continues to gain share from glass across all regions and from plastic in Europe and North America, driven by sustainability concerns and elevated costs for competing substrates.
Ardagh Metal Packaging (AMBP) does not require new capacity for the next year but is considering investments in Europe (Spain, UK) and potentially North America longer term, with CapEx guided around $1 billion for the current year. The company is currently leveraged a little over five times and aims to deleverage by growing EBITDA.

Dec 3, 2025, 6:40 PM

Transcript

Ardagh Metal Packaging Discusses Regional Demand Outlook and Financial Strategy

AMBP

Guidance Update

New Projects/Investments

Debt Issuance

Ardagh Metal Packaging (AMBP) anticipates low single-digit market growth in North America for 2026, but expects its own performance to be softer than the market due to contract resets, viewing 2026 as a transition year before growth resumes in 2027.
The company projects 3%-4% growth in Europe for 2026, aligning with market trends, and anticipates Brazil to recover to 3%-5% growth, aided by the World Cup and potential fiscal stimulus.
AMBP experienced tight operating rates in North America and "mid-plus" rates in Europe, with European aluminum conversion cost headwinds expected to normalize in 2026. The can continues to gain share from glass and plastic across all regions due to sustainability and cost factors.
AMBP's leverage is "a little bit over five times" after recent refinancing, with a goal to deleverage through EBITDA growth, and approximately $1 billion in net build CapEx is guided for the current year, funded by free cash flow. The recent group recapitalization is viewed as a positive step, eliminating uncertainty.

Dec 3, 2025, 6:40 PM

Transcript

Ardagh Metal Packaging S.A. Prices Senior Secured Green Notes

AMBP

Debt Issuance

Ardagh Metal Packaging S.A. (AMP) priced $1,290 million (equivalent) senior secured green notes on November 20, 2025, consisting of $620 million 6.250% notes due 2031 and €570 million 5.000% notes due 2031.
The net proceeds from this issuance will be used to redeem AMP's $600 million 6.000% senior secured green notes due 2027, repay a €269 million senior secured term loan, and redeem €250 million 9% preferred shares.
This transaction is expected to extend debt maturities (with no bonds maturing before September 2028), simplify the capital structure, and result in small savings to overall cash flow.