Short answer
Amcor (AMCR) filed its fiscal 2025 10-K annual report with the SEC on Aug 15, 2025. It reported revenue of $15.0B (+10.0% year over year) and net income of $511M.
- Top risk flagged: Regulatory risk: Increased indebtedness could trigger credit rating downgrades impacting borrowing costs per rating agencies' assessments of industry and global economic outlooks
FY2025 key financial metrics · XBRL
- Revenue
- $15.0B
- +10.0% YoY
- Net income
- $511M
- −30.0% YoY
- Operating margin
- 6.7%
- −2.2 pp YoY
- Gross margin
- 18.9%
- −1.0 pp YoY
- EPS (diluted)
- $0.32
- −37.3% YoY
- ROE
- 4.4%
- −14.5 pp YoY
- Operating cash flow
- $1.4B
- +5.2% YoY
Source: XBRL data from the Amcor (AMCR) FY2025 10-K on SEC EDGAR. USD.
Amcor FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: global packaging solutions integrating legacy Amcor and Berry operations after recent combination
- New leadership roles in 2025: appointment of two COOs for Global Rigid and Flexible Packaging Solutions, reflecting structural integration
- Emphasis on unified Culture Framework aligned with five core values and behaviors to drive business transformation and employee engagement
- Workforce approximately 77,000 employees globally with 37% under collective bargaining agreements, 4% expired contracts, 16% expiring within one year
- Industry-leading safety performance: Total Recordable Incident Rate 0.27 for legacy Amcor, improvement to 0.57 for legacy Berry operations post-merger
Management Discussion & Analysis
- Revenue $15.0B, up $1.37B or 10.1% YoY from $13.6B in fiscal 2024
- Operating margin 6.7% vs 8.9%, operating income $1.01B down from $1.21B in fiscal 2024
- Best performing segment not segmented explicitly; substantive impact from $10.4B Berry acquisition April 2025
- Capital allocation includes $2.2B long-term debt issuance for Berry debt extinguishment; Merger purchase consideration $10.4B plus $5.2B assumed debt
- Management completed Berry merger April 2025; key risk includes integration of $10.4B acquisition and related debt obligations
Risk Factors
- Regulatory risk: Increased indebtedness could trigger credit rating downgrades impacting borrowing costs per rating agencies' assessments of industry and global economic outlooks
- Macroeconomic threat: $14.1B debt as of June 30, 2025, with $1.7B drawn under $3.75B revolving credit facilities creates exposure to economic downturns affecting cash flow to service debt
- Operational vulnerability: Complex integration of Amcor and Berry's systems, cultures, and personnel risks operational disruptions and loss of key customer and supplier relationships
- Competitive risk: Failure to realize merger synergies and efficiencies could reduce competitive positioning versus rivals benefiting from faster integration or innovation
- Financial risk: Potential liquidity constraints from merger-related restructuring and integration costs may affect cash flow available for operations, capital expenditures, and shareholder returns
Generated from the filing text; verify against the original. How to read a 10-K
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