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AMBP

Ardagh Metal Packaging S.A.

AMBP

Ardagh Metal Packaging S.A. • NYSE
$3.75 ▲ 0.00% (+0.00)
Market Cap $2.24 B
52w High $4.78
52w Low $2.50
Dividend Yield 0.50%
P/E -375
Volume 689.51K
Outstanding Shares 597.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.428B ▼ $71M ▲ $27M ▲ 1.891% ▲ $0.035 ▲ $209M ▲
Q2-2025 $1.455B ▲ $67M ▼ $5M ▲ 0.344% ▲ $-0.002 ▲ $183M ▲
Q1-2025 $1.268B ▲ $109M ▲ $-5M ▲ -0.394% ▲ $-0.02 ▲ $70M ▼
Q4-2024 $1.195B ▼ $101M ▼ $-11M ▼ -0.921% ▼ $-0.028 ▼ $163M ▼
Q3-2024 $1.313B $104M $18M 1.371% $0.02 $181M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $317M ▲ $5.456B ▼ $5.79B ▼ $-342M ▼
Q2-2025 $256M ▲ $5.488B ▲ $5.806B ▲ $-326M ▼
Q1-2025 $177M ▼ $5.273B ▼ $5.496B ▼ $-230M ▼
Q4-2024 $602M ▲ $5.462B ▼ $5.598B ▼ $-142M ▼
Q3-2024 $393M $5.543B $5.631B $-95M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $27M ▲ $181M ▼ $-50M ▼ $-72M ▲ $61M ▼ $131M ▼
Q2-2025 $5M ▲ $210M ▲ $-42M ▼ $-98M ▼ $79M ▲ $168M ▲
Q1-2025 $-5M ▲ $-310M ▼ $-39M ▲ $-94M ▲ $-433M ▼ $-349M ▼
Q4-2024 $-11M ▼ $385M ▲ $-47M ▼ $-101M ▼ $217M ▲ $339M ▲
Q3-2024 $18M $169M $-34M $15M $157M $127M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past few years, showing that demand for AMBP’s cans is holding up well. However, profits have been inconsistent. Margins are thin, and earnings have swung between small losses and modest profits, with a noticeable dip in profitability around 2023 and only a slight recovery more recently. Overall, the business is clearly able to grow sales, but converting that growth into stable, reliable profits remains a work in progress.

Balance Sheet

Balance Sheet The balance sheet shows a capital‑intensive business with a heavy reliance on debt. Total borrowings have climbed over time, while the company’s equity base has eroded to the point of turning slightly negative. Cash on hand has improved somewhat, but the cushion is not large relative to the debt load. This structure amplifies both upside and downside: it can support growth, but it also increases financial risk and leaves less room for prolonged weak profitability.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, which is a good sign that the core business generates real cash. For several years, heavy investment in new capacity and equipment absorbed much of that cash, leading to weak or negative free cash flow. More recently, investment spending has eased and free cash flow has turned modestly positive, suggesting the company is moving from a build‑out phase toward a period where it can harvest more cash from its installed base. That said, the room for error is still limited given the debt burden.

Competitive Edge

Competitive Edge AMBP holds a solid position in the global beverage can market, supported by large-scale manufacturing, a wide geographic footprint, and long‑standing relationships with major drink brands. High upfront investment needs and complex operations create natural barriers for new entrants. The company’s focus on fully recyclable metal cans fits well with tightening sustainability demands from both regulators and customers. Still, it operates in a concentrated, highly competitive industry where big buyers have bargaining power and where swings in metal costs and consumer demand can pressure margins.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. AMBP is pushing lighter cans that use less metal, advanced printing that turns cans into premium marketing surfaces, and flexible digital printing that serves both large brands and smaller craft producers. Its proprietary production system aims to standardize best practices across plants and squeeze out waste. The company is also leaning into sustainability, backing it with green financing and emissions targets. While detailed R&D spending isn’t shown here, the pattern of product and process improvements points to a business trying to differentiate on technology, customization, and environmental performance rather than just on price.

Summary

AMBP is a scaled, strategically positioned beverage can producer combining steady revenue growth with a strong sustainability and innovation story. The main financial strengths are recurring demand from major beverage customers and reliable operating cash generation. The main concerns are thin and volatile profitability, a highly leveraged balance sheet, and limited equity cushion, which heighten sensitivity to downturns or cost shocks. If the company can translate its operational initiatives and innovation pipeline into more stable margins and use its improving free cash flow to gradually strengthen the balance sheet, its overall risk profile would improve meaningfully; until then, leverage and profitability volatility remain central factors to watch.

NEWS

November 28, 2025 · 1:00 PM UTC

NYSE to Commence Delisting Proceedings With Respect to Warrants of Ardagh Metal Packaging S.A. (AMBP.WS)

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November 18, 2025 · 3:23 AM UTC

Ardagh Metal Packaging S.A. Release of Supplemental Company Information

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October 23, 2025 · 7:00 AM UTC

Ardagh Metal Packaging S.A. Declares Quarterly Interim Dividend

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