Core Viewpoint - Ardagh Metal Packaging S.A. reported strong financial performance for Q2 2025, with significant revenue and Adjusted EBITDA growth, driven by robust volume growth in the Americas and resilience against macroeconomic uncertainties [1][3]. Financial Performance Review - Revenue for Q2 2025 reached $1,455 million, a 16% increase from $1,259 million in Q2 2024, with a 13% increase on a constant currency basis [2][6]. - Adjusted EBITDA for the quarter was $210 million, an 18% increase from $178 million in the same period last year, with a 16% increase at constant currency [2][7]. - Profit for the period was $5 million, compared to $2 million in Q2 2024 [2][22]. - Adjusted earnings per share rose to $0.08 from $0.06 year-over-year [2][22]. Regional Performance - In the Americas, revenue increased by 21% to $840 million, driven by favorable volume/mix effects and higher input costs passed to customers [8]. - Adjusted EBITDA in the Americas grew by 34% to $133 million, reflecting strong volume growth and reduced operational costs [9]. - In Europe, revenue increased by 9% to $615 million, with a 4% increase on a constant currency basis, while Adjusted EBITDA decreased by 3% to $77 million due to lower input cost recovery [10][11]. Guidance and Expectations - The company raised its full-year Adjusted EBITDA guidance to a range of $705-$725 million, reflecting improved performance and favorable currency movements [3][6]. - The expected total capital expenditure for 2025 remains unchanged at just over $200 million, with $70 million allocated for growth investments [3][6]. - The company maintains a strong liquidity position of $680 million as of June 30, 2025, with a net debt to Adjusted EBITDA ratio of 5.3x, down from 5.8x a year earlier [3][6].

Company Overview - Ardagh Metal Packaging S.A. has announced a quarterly interim dividend of $0.10 per ordinary share, payable on August 19, 2025, to shareholders of record on August 7, 2025 [1] - The company is a leading global supplier of sustainable and infinitely recyclable metal beverage cans, operating as part of the Ardagh Group [1] - Ardagh Metal Packaging operates 23 production facilities across nine countries, employing over 6,000 people and generating approximately $4.9 billion in sales for the year 2024 [1] Industry Position - The company is recognized as a leading player in the metal beverage can industry across Europe and the Americas, highlighting its innovative production capabilities [1]

Financial Performance - Q2 2024 Adjusted EBITDA reached $178 million, an 18% increase year-over-year[43] - The company improved its full-year Adjusted EBITDA guidance to a range of $640 - $660 million[13] - LTM Adjusted EBITDA rose to $631 million in Q2[13] - Group revenue was broadly unchanged versus the prior year at $1,259 million[44] Regional Performance - Europe shipments grew by 5% in Q2, indicating a recovery[13, 16] - Americas shipments grew by 1% in Q2, with North America growing by 3%[13, 16] - Brazil shipments declined by 7% in Q2 due to temporary customer effects[16] - Europe Adjusted EBITDA margin was 14%, up from 11.5% in the prior year[44] - Americas Adjusted EBITDA margin was 14.3%, up from 12.4% in the prior year[44] Liquidity and Debt - A new $300 million secured financing commitment with Apollo Capital Management will further strengthen liquidity in H2[25] - Net debt stood at $3.657 billion with available liquidity of $405 million[45] - The company expects modest deleveraging in 2024[25, 47] Sustainability - All global AMP production facilities have now achieved ISO 14001 certification[22] - A solar power purchase agreement in Germany has been extended to 2030, covering up to 40% of German demand needs[21]