Amcor plc (AMCCF) Q2 2025 Earnings Report

Revenue and profitability snapshot:
- Revenue: $3.241 billion (YoY: -0.31%; QoQ: -3.34%)
- Gross profit: $626 million; Gross margin: 19.3% (Gross margin YoY: +0.81%; QoQ: -5.01%)
- Operating income: -$311.999 million; Operating margin: -9.63% (YoY: -228.93%; QoQ: -200.00%)
- EBITDA: -$462.385 million; EBITDARatio: -14.27%
- Net income: -$191.0 million; Net margin: -5.89% (YoY: -242.54%; QoQ: -200.00%)
- Earnings per share (diluted): -$0.14 (YoY: -251.52%; QoQ: -207.69%)

Cash flow and balance sheet:
- Net cash from operating activities: $428 million
- Free cash flow: $330 million
- Capital expenditure: $98 million
- Net debt: ~$6.95 billion; Total debt: ~$7.40 billion; Cash: $445 million
- Total assets: $16.17 billion; Total liabilities: $12.37 billion; Total stockholders’ equity: $3.78 billion
- Current ratio: 1.259; Quick ratio: 0.714; Cash ratio: 0.114
- Leverage and coverage: Debt/Equity ~1.96; Debt ratio ~0.46; Interest coverage ~3.67

Capital allocation and valuation context:
- Dividends were paid; share repurchases modest in the period; Free cash flow supports deleveraging potential over time.
- Valuation signals (illustrative): Price-to-book ~3.71; Price-to-sales ~4.33; Dividend yield ~1.32%. Relative to select packaging peers, Amcor exhibits solid cash generation but weaker near-term profitability, highlighting a balance between earnings resilience and leverage risk.