Amcor (AMCR) FY2025 results: revenue $15.0 billion, up 10.0% on the year

Amcor plc (AMCR) reported revenue of $15.0 billion for fiscal 2025, the year ended 30 June 2025, up 10.0% on the year before. Net income was $511 million, down 30.0%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 15 August 2025.

Revenue

$15.0 billion

+10.0% on the year

FY2018FY2025

Operating margin

6.7%

8.9% a year earlier

FY2018FY2025

Net income

$511 million

-30.0% on the year

FY2018FY2025

Diluted EPS

$1.60

-36.6% on the year

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	15,009	13,640	14,694	+10.0%
Cost of revenue	12,175	10,928	11,969	+11.4%
Gross profit	2,834	2,712	2,725	+4.5%
Gross margin	18.9%	19.9%	18.5%
Research and development	120	106	101	+13.2%
Selling, general and administrative	1,205	1,093	1,086	+10.2%
Operating income	1,009	1,214	1,508	-16.9%
Operating margin	6.7%	8.9%	10.3%
Interest expense	396	348	290	+13.8%
Pre-tax income	650	907	1,251	-28.3%
Income tax	135	163	193	-17.2%
Effective tax rate	20.8%	18.0%	15.4%
Net income	511	730	1,048	-30.0%
Net margin	3.4%	5.4%	7.1%
Diluted EPS	$1.60	$2.52	$3.52	-36.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2025	FY2024	FY2023	On the year
Operating cash flow	1,390	1,321	1,261	+5.2%
Capital expenditure	580	492	526	+17.9%
Free cash flow	810	829	735	-2.3%
Free cash flow margin	5.4%	6.1%	5.0%
Cash from investing	-2,102	-476	-309
Cash from financing	910	-857	-1,025
Depreciation and amortisation	722	595	586	+21.3%
Share-based compensation	74.0	32.0	54.0	+131.2%
Buybacks	0.0	30.0	432
Dividends paid	845	722	723	+17.0%
Dividend per share	$2.54	$2.49	$2.44	+2.0%
Diluted shares, weighted	319m	288m	295m	+10.5%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	11,728	3,881	4,026	+202.2%
Non-controlling interest	12.0	72.0	64.0	-83.3%
Debt	14,098	6,699	6,746	+110.4%
Operating lease liabilities	910	488	463	+86.5%
Finance lease liabilities	41.0	32.0	40.0	+28.1%
Other liabilities	10,277	5,352	5,664	+92.0%
Total liabilities and equity	37,066	16,524	17,003	+124.3%
Goodwill	11,276	5,345	5,366	+111.0%
Intangible assets	7,403	1,391	1,524	+432.2%
Cash and equivalents	827	588	689	+40.6%
Receivables	3,426	1,846	1,875	+85.6%
Other assets	14,134	7,354	7,549	+92.2%
Total assets	37,066	16,524	17,003	+124.3%

10-K for the year ended 30 June 2025, filed 15 August 2025: the filing.