Ardagh Metal Packaging Posts Q4 EBITDA of $166M, Guides $750–775M for 2026
Ardagh Metal Packaging’s FY 2025 adjusted EBITDA rose 10% to $739 million with Q4 EBITDA of $166 million, alongside $964 million liquidity, $0.10 dividend. It guides 2026 adjusted EBITDA of $750–775 million, foresees a slight North America dip, closed a $1.3B green bond refinancing boosting leverage to 5.3x.
1. 2025 Financial Results
Ardagh Metal Packaging delivered adjusted EBITDA of $166 million in Q4 and $739 million for full-year 2025, a 10% increase driven by over 3% shipment growth, favorable product mix and operational cost savings.
2. Liquidity and Dividend
The company closed the year with $964 million in liquidity and maintained its $0.10 quarterly dividend, supported by strong free cash flow and cost control measures.
3. 2026 Outlook and Refinancing
Management guides 2026 adjusted EBITDA of $750–775 million, anticipates a slight North America volume dip and moderate capex, and closed a $1.3 billion green bond refinancing that raised net leverage to 5.3x and should generate about $10 million in annual cash savings.