Ardagh Metal Packaging(US:AMBP)2025-10-23 14:57Financial Performance - Revenue for the three months ended September 30, 2025, was $1,428 million, a 8.8% increase from $1,313 million in the same period of 2024[4] - Gross profit for the nine months ended September 30, 2025, was $529 million, up from $479 million in 2024, reflecting a 10.5% increase[7] - Operating profit for the three months ended September 30, 2025, was $87 million, compared to $83 million in the same period of 2024, representing a 4.8% increase[4] - Profit for the period for the three months ended September 30, 2025, was $27 million, an increase from $18 million in 2024, marking a 50% growth[10] - Profit before tax for the nine months ended September 30, 2025, was $43 million, compared to $12 million in the same period of 2024, indicating a significant improvement[7] - Earnings per share for the three months ended September 30, 2025, was $0.04, up from $0.02 in 2024[4] - As of September 30, 2025, the profit for the period was $27 million, compared to $8 million for the same period in 2024, reflecting a significant increase[13] - Adjusted EBITDA for the nine months ended September 30, 2025, rose to $573 million, up from $508 million in the same period of 2024, reflecting a 12.8% increase[39] - Revenue for the Group in Q3 2025 was $1,428 million, compared to $1,313 million in Q3 2024, marking an 8.8% increase[39] - Profit for the period increased to $27 million in Q3 2025 from $18 million in Q3 2024, representing a 50% year-over-year growth[39] Assets and Liabilities - Total assets as of September 30, 2025, were $5,456 million, slightly down from $5,462 million at December 31, 2024[12] - Current liabilities increased to $1,460 million as of September 30, 2025, compared to $1,448 million at December 31, 2024[12] - Non-current liabilities increased to $4,330 million as of September 30, 2025, from $4,150 million at December 31, 2024[12] - As of September 30, 2025, the Group's total borrowings amounted to $4,115 million, an increase from $3,933 million at December 31, 2024[60] - The Group's net debt was $4,093 million, with available liquidity of $310 million, resulting in a net debt to available liquidity ratio of 3,813[60] - The fair value of the Group's total borrowings, excluding lease obligations, was $3,566 million as of September 30, 2025, compared to $3,215 million at December 31, 2024[10] - Lease obligations decreased from $374 million at December 31, 2024, to $369 million at September 30, 2025, reflecting $83 million in principal repayments[62] Cash Flow and Investments - Cash generated from operations for the nine months ended September 30, 2025, was $257 million, up from $199 million in 2024, indicating a 29% increase[17] - The net cash used in investing activities for the nine months ended September 30, 2025, was $131 million, slightly down from $132 million in 2024[17] - The total dividends paid for the nine months ended September 30, 2025, remained constant at $198 million compared to the same period in 2024[17] - The cash, cash equivalents, and restricted cash at the end of the period on September 30, 2025, was $317 million, unchanged from the previous year[17] - Cash flows from operating activities increased by $16 million to $81 million for the nine months ended September 30, 2025, compared to $65 million in the same period in 2024[160] - Capital expenditure for the nine months ended September 30, 2025, was $131 million, a decrease of $1 million compared to $132 million in the same period in 2024[169] Operational Insights - The company operates 23 production facilities across Europe and the Americas, employing approximately 6,300 people[24] - The Group's performance is assessed based on Adjusted EBITDA, which reflects the profit for the period before income tax, net finance expense, depreciation, and amortization[36] - The Group's operations are influenced by global economic trends, energy prices, and raw material costs, with variable costs typically constituting approximately 75% of total cost of sales[99] - The company emphasizes the importance of maintaining effective relationships with suppliers and managing supply chain disruptions to ensure timely deliveries[175] Risks and Uncertainties - The company faces risks including increased manufacturing capacity without corresponding demand, competition, and fluctuations in raw material costs, which could materially affect future performance[175] - Forward-looking statements are based on assumptions and analyses that may not guarantee future performance, highlighting the inherent risks and uncertainties[178] - The ongoing geopolitical situation, particularly the Russia-Ukraine war, may impact energy prices and supply stability in Europe[175] - The company is subject to various regulatory and compliance costs that could affect its financial performance and operational strategies[175] - The Board has formed the judgment that there is a reasonable expectation for the Group to continue operational existence for the foreseeable future[31]