Amcor Reports 57% Revenue Growth to $23.5 Billion in Fiscal Year 2026

Amcor plc reported significant financial growth in its fiscal year 2026, with net sales reaching $23.5 billion, a 57% increase from $15.0 billion in fiscal year 2025. This growth was primarily driven by the completion of the merger with Berry Global Group, which contributed approximately $7.9 billion to sales. The company's gross profit also rose to $4.7 billion, representing a gross margin of 20%, up from 18.9% in the previous year. Net income attributable to Amcor plc surged to $1.1 billion, a 116% increase compared to $518 million in fiscal year 2025, reflecting improved operational efficiencies and synergies from the merger.

The merger with Berry Global, finalized on April 30, 2025, was a pivotal strategic development for Amcor, allowing it to enhance its market position in the packaging industry. The company has initiated a restructuring plan, known as the Berry Plan, aimed at achieving approximately $530 million in pre-tax synergies by June 30, 2028. As of June 30, 2026, Amcor had incurred $298 million in restructuring and integration expenses related to this plan. The merger has also expanded Amcor's workforce to approximately 75,000 employees across 400 locations in over 40 countries.

Operationally, Amcor's Global Flexible Packaging Solutions segment generated $12.8 billion in sales, while the Global Rigid Packaging Solutions segment contributed $10.7 billion. The company reported a total of 36,000 employees in the flexible packaging segment and 38,000 in the rigid packaging segment. The company has also made strides in geographic expansion, with significant sales contributions from North America, Europe, and Latin America. However, the company faced challenges such as lower sales volumes and increased costs due to inflation and geopolitical tensions, particularly from the ongoing conflict in the Middle East.

Looking ahead, Amcor's management remains cautious about the economic environment, which has been characterized by inflationary pressures and supply chain disruptions. The company plans to continue executing price and cost actions to mitigate these impacts. Additionally, Amcor is transitioning its fiscal year-end from June 30 to December 31, effective July 1, 2026, to align its reporting with its operational structure. The company anticipates that the full realization of merger synergies will further enhance its cash generation capabilities, supporting ongoing investments in organic growth and targeted acquisitions.