The Amcor Plc (ASX: AMC) share price is up 3% after the business announced its December 2025 half-year result.
Amcor is a global packaging business that provides both flexible and rigid packaging for both food and healthcare products.
December 2025 result
The business revealed to investors how it performed in the period to 31 December 2025, with both its six-month and quarterly result. Both sets of numbers saw good growth.
In the six months to December, Amcor reported:
- Net sales rose 70% to $11.2 billion
- Adjusted EBITDA (EBITDA explained) grew 89% to $1.7 billion
- Adjusted EBIT rose 77% to $1.3 billion
- Adjusted earnings per share (EPS) climbed by 14% to $1.83
In the three months to December, the ASX share revealed:
- Net sales growth of 68% to $5.45 billion
- Adjusted EBITDA growth of 83% to $826 million
- Adjusted EBIT growth of 66% to $603 million
- Adjusted EPS growth of 7% to $0.86
- Free cashflow of $289 million
- Quarterly dividend of $0.65 per share declared
Both sets of numbers were boosted by the acquisition of the North American business Berry. Its earnings figures came with transaction, restructuring and integration costs of $69 million.
But, the company also reported acquisition synergies of $55 million, which was at the upper end of expectations and the targets reaffirmed.
Management commentary
The Amcor CEO Peter Konieczny said:
Our Q2 financial performance was in line with expectations in a challenging volume environment. Strong Adjusted EPS growth was driven by disciplined execution and synergy benefits from the Berry acquisition at the upper end of expectations. Performance through the first half of the year supports our confidence in reaffirming fiscal 2026 earnings and free cash flow guidance.
Portfolio optimization actions are progressing well, positioning us to be the global leader in consumer packaging and dispensing solutions for nutrition, health, beauty and wellness.
Outlook for the Amcor share price
The business reaffirmed its FY26 guidance for shareholders, with expectations that adjusted EPS are projected to come in the range of $4 to $4.15, representing year on year growth of between 12% to 17% in constant foreign exchange rate terms.
Free cashflow is expected to be between $1.8 billion to $1.9 billion.
With solid EPS growth and rising profit margins, I can see why the market was pleased to see these numbers.
Considering it’s still down by 16% over the past year, this is an interesting time to look at the ASX share as it’s still growing earnings. But, there may be better ASX growth shares or ASX dividend shares available.
