Ardagh Metal Packaging (AMP) has delivered strong second-quarter results, reporting a 5% increase in global beverage can shipments and an 18% rise in adjusted EBITDA to $210 million—surpassing prior guidance.

AMP CEO Oliver Graham highlighted robust performance across all regions, driven particularly by an 8% volume increase in North America and a 12% gain in Brazil. The Americas led growth with adjusted EBITDA up 34% to $133 million, while Europe saw a 3% decline to $77 million due to input cost pressures.

Citing continued momentum and favourable currency movements, the company raised its full-year adjusted EBITDA guidance to $705–$725 million. Shipment growth for 2025 is still forecasted at 3–4%. adjusted Free Cash Flow and capex expectations remain unchanged at over $150 million and $200 million, respectively.

AMP ended the quarter with $680 million in liquidity and reduced its net debt to adjusted EBITDA ratio to 5.3x, down from 5.8x a year ago. A regular quarterly dividend of $0.10 per share was declared.

For Q3, the company expects adjusted EBITDA between $200–$210 million, up from $196 million in the same period last year.

Graham said: “We continued our strong year-to-date performance in the second quarter, with 5% global shipments growth and 18% Adjusted EBITDA growth versus the prior year, again ahead of our guidance. 

“Our financial results in the quarter were particularly driven by strong volume growth in the Americas, reflecting the strength of our customer portfolio with its exposure to several key attractive and growing categories. Our performance is also testament to the resilience of our business, despite macro-economic uncertainties, with shipments growth reported across each of our markets. 

“Global beverage can growth continues to benefit from innovation and share gains in our customers’ packaging mix, and we still anticipate only a minimal impact to our business arising from tariff measures announced.

“Our robust business momentum in the current macro environment gives us confidence to further upgrade our full year Adjusted EBITDA guidance to $705-$725 million – reflecting both improved underlying performance and favorable currency movements.”