The 50 per cent tariff imposed by the US on aluminium and steel raised concerns among the end-use sector. While companies like Ball Corporation and Crown Holdings expressed doubts regarding the matter and its cost-inflating impact on the packaging industry, Coca-Cola considered partly switching from aluminium to plastic packaging. However, AMP’s performance reflected a strategic approach to the matter. The Midwest premium impact remained de minimis, accounting for less than 1-2 cents per can. It was partly offset by LME price movements, while the company’s reliance on imported cans remained negligible.
Oliver Graham, CEO of Ardagh Metal Packaging, stated, “In each of our markets, the beverage can continues to take a higher share of our customers' packaging mix, driven by the can's convenience, branding potential, total cost of ownership and sustainability credentials.”
Full-year 2025 performance and Y-o-Y comparison
For the year ended December 31, 2025, revenue increased 12 per cent to USD 5.5 billion, compared with the result of 2024, which was USD 4.91 billion, driven by input cost pass-through and favourable mix.
Adjusted EBITDA grew 9.97 per cent to USD 739 million, up from USD 672 million, supported by improved mix and cost control, partly offset by lower input cost recovery.
Total gross profit accounted for USD 681 million in 2025, rising by 8.1 per cent from USD 630 million in 2024. Profit made in 2025 stood at USD 11 million, reflecting a remarkable gain of 266.66 per cent from the profit of USD 3 million in 2024. Cash generated from operations in 2025 was USD 718 million, compared to USD 659 million in 2024, marking an increase of 8.95 per cent.
