How Is Amcor (ASX:AMC) Tracking After a Modest Year for Its Shares? A Look at Its FY26 Filing

Sonal Goyal

20 October 2026 12:47 PM AEDT

How Is Amcor (ASX:AMC) Tracking After a Modest Year for Its Shares? A Look at Its FY26 Filing

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Key highlights

Amcor (ASX:AMC) shares are up approximately 0.61% over the past year (and about 8.60% over the last six months).
The 12 August 2026 filing reports twelve-month net sales of $23,506 million, up 57%, and adjusted EBITDA of $3,673 million.
The board declared a quarterly dividend of 65.0 US cents, equal to 92.0 Australian cents unfranked for CDI holders on the ASX.

Amcor (ASX:AMC) is a global packaging company producing flexible and rigid packaging for nutrition, health, beauty and wellness categories. As at 19 October 2026, the shares are up approximately 0.61% over the past year (and about 8.60% over the last six months). On 12 August 2026, the company lodged its Form 8-K for the three and twelve months ended 30 June 2026 with the US Securities and Exchange Commission and provided a copy to the ASX.

Results for the June quarter and the year

June-quarter net sales were $6,398 million, up 26%, and adjusted EBITDA was $1,045 million, up 32% from $789 million. Adjusted EBIT was $836 million, up 37%. For the twelve months, net sales were $23,506 million, up 57% largely because of the Berry acquisition completed in April 2025, adjusted EBITDA was $3,673 million against $2,186 million, adjusted EBIT was $2,813 million, up 63%, and free cash flow was $1,303 million, up 41%.

Volumes and synergies

The company estimates June-quarter volumes were about 0.5% higher than the combined volumes of the legacy Amcor and legacy Berry businesses in the same quarter a year earlier, excluding non-core and divested businesses. Berry synergy benefits were about $240 million over the year, with the year-on-year comparison also reflecting the pass-through of higher raw material costs. Free cash flow was reported after funding about $290 million of transaction and restructuring costs.

Dividend and outlook

The board declared a quarterly dividend of 65.0 US cents per share, compared with 63.75 cents a year earlier after adjusting for the 1-for-5 reverse stock split of January 2026. CDI holders on the ASX receive an unfranked 92.0 Australian cents, converted at an average rate of 0.7043. The ex-dividend date was 3 September 2026 for CDI holders. For the transition period, Amcor expects adjusted EPS of approximately $1.80 to $1.90.

The 8-K also reports earnings per share: basic EPS attributable to Amcor was $0.84 for the June quarter and $2.39 for the twelve months, compared with a loss of $0.10 and $1.60 respectively a year earlier, and dividends paid over the year were $1,195 million against $845 million. The filing notes that prior-year results reflect the Amcor plc group as the accounting acquirer in the April 2025 combination with Berry, which is why year-on-year comparisons show large increases.

Reading the share price change

The share price of Amcor is up approximately 0.61% over the past year (and about 8.60% over the last six months). That figure measures price movement only. It does not include dividends or franking credits, and the exact amount depends on the start and end dates used, which is why it is described as approximate here. A share price that is approximately 0.61% higher over the period reflects market expectations and conditions across many factors at once, not only the company’s most recent results.

The results referred to in this article cover a period that ended before 19 October 2026 and were released on a different date to the share price figures quoted. For that reason, this article does not treat the share price change as a response to the announcement.

Sector backdrop

Across the market on 19 October 2026, the S&P/ASX 200 (ASX: XJO) stood at 8,845.70 at 4:25 pm (GMT+11) on 19 October 2026, up 0.44%, or 39.00 points, for the day. On the sector map, Industrials rose 0.93%. The sector map shows that Energy rose 2.16%, Industrials 0.93%, Financials 0.85%, Utilities 0.38% and Consumer Staples 0.25%, and that Information Technology fell 1.35%, A-REIT 0.34%, Consumer Discretionary 0.18%, Telecommunication Services 0.16% and Health Care 0.13%.

Risks shareholders should weigh

Year-on-year growth is inflated by the Berry acquisition, so organic trends are better seen in the volume comment of about 0.5% growth. Raw material cost pass-through also inflates net sales. The company expects a transition period before its next reporting cycle.

What’s next

Amcor will continue integrating Berry and pursuing synergies, and its next dividend and guidance will be set out in later announcements.

FAQs

Q: What were Amcor’s twelve-month net sales?

A:$23,506 million, up 57%, largely because of the Berry acquisition.

Q: What is the CDI dividend?

A:92.0 Australian cents per CDI, unfranked, based on a 65.0 US cent dividend.

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