Ardagh Metal Packaging SA (AMBP) financial statements
Ardagh Metal Packaging SA reported revenue of $5.5B in fiscal 2025, up 8.6% a year over 6 years.
Net income was $11M and the operating margin 4.4%, against 5.9% in 2019.
Free cash flow was $265M, and the company returned $262M in dividends.
The diluted share count rose 21% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ardagh Metal Packaging SA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.5B | $4.1B | $4.7B | $4.8B | $4.9B | $5.5B |
| Cost of revenue | $2.8B | $2.9B | $3.4B | $4.2B | $4.3B | $4.3B | $4.8B |
| Gross profit | $512M | $548M | $616M | $526M | $474M | $630M | $681M |
| Selling, general and admin | $165M | $189M | $418M | $212M | $255M | $288M | $299M |
| Operating income | $198M | $210M | $47M | $176M | $76M | $202M | $244M |
| Pre-tax income | -$15M | $140M | -$188M | $256M | -$71M | $10M | $4M |
| Income tax | $25M | $29M | $22M | $19M | -$21M | $13M | -$7M |
| Net income | -$40M | $111M | -$210M | $237M | -$50M | -$3M | $11M |
| EPS (diluted) | -$0.08 | $0.22 | -$0.39 | $0.38 | -$0.12 | -$0.05 | -$0.02 |
| Diluted shares | 494M | 494M | 539M | 601M | 598M | 598M | 598M |
| Gross margin | 15.3% | 15.9% | 15.2% | 11.2% | 9.9% | 12.8% | 12.4% |
| Operating margin | 5.9% | 6.1% | 1.2% | 3.8% | 1.6% | 4.1% | 4.4% |
| Net margin | -1.2% | 3.2% | -5.2% | 5.1% | -1.0% | -0.1% | 0.2% |
Balance sheet
Fiscal years, from Ardagh Metal Packaging SA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $284M | $257M | $463M | $469M | $324M | $214M | $208M |
| Receivables | — | $368M | $512M | $509M | $278M | $332M | $467M |
| Inventory | — | $250M | $407M | $567M | $469M | $382M | $509M |
| Total current assets | — | $1.0B | $1.7B | $1.9B | $1.5B | $1.6B | $1.8B |
| Property, plant and equipment | — | $1.2B | $1.8B | $2.4B | $2.6B | $2.5B | $2.5B |
| Goodwill | — | $1.1B | $1.0B | $976M | $999M | $966M | $1.0B |
| Total assets | — | $4.3B | $5.3B | $5.9B | $5.7B | $5.5B | $5.7B |
| Total current liabilities | — | $969M | $1.4B | $1.5B | $1.5B | $1.4B | $1.7B |
| Long-term debt | — | $2.8B | $2.8B | $3.5B | $3.6B | $3.8B | $4.3B |
| Total liabilities | — | $4.2B | $5.0B | $5.4B | $5.6B | $5.6B | $6.4B |
| Shareholders' equity | $12M | $48M | $286M | $455M | $100M | -$142M | -$683M |
| Net debt | -$284M | $2.6B | $2.4B | $3.1B | $3.4B | $3.7B | $4.2B |
Cash flow
Fiscal years, from Ardagh Metal Packaging SA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $377M | $334M | $458M | $205M | $616M | $450M | $449M |
| Capital spending | $205M | $268M | $687M | $596M | $379M | $187M | $184M |
| Free cash flow | $172M | $66M | -$229M | -$391M | $237M | $263M | $265M |
| Dividends paid | — | — | — | $251M | $263M | $264M | $262M |
| Share buybacks (net) | — | — | — | -$35M | — | — | — |
| Net borrowing | $16M | -$8M | $2.8B | $599M | -$4M | $288M | $352M |
| Free cash flow margin | 5.1% | 1.9% | -5.6% | -8.3% | 4.9% | 5.4% | 4.8% |
| Dividends per share | — | — | — | $0.42 | $0.44 | $0.44 | $0.44 |
Questions
What was Ardagh Metal Packaging SA's revenue in 2025?
$5.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ardagh Metal Packaging SA generate?
$265M in fiscal 2025 (operating cash flow minus capital spending).
From Ardagh Metal Packaging SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.