• First full quarter as combined Amcor and Berry business
• Net sales up 68%, adjusted EBIT up 85% excluding currency impact
• Synergies of $38 million at upper end of expected range

Amcor reported a solid first quarter result for fiscal year 2026, with net sales up 68% excluding currency impact, driven by the completed acquisition of Berry Global. Adjusted EBIT increased 85% excluding currency impact, supported by synergies of approximately $38 million at the upper end of the expected range, disciplined cost performance, and improved productivity. Adjusted EPS of 19.3 cents per share was up 18% excluding currency impact. The company reaffirmed its fiscal 2026 outlook, including adjusted EPS growth of 12-17% on a constant currency basis and free cash flow of $1.8-1.9 billion. Amcor CEO Peter Konieczny noted strong execution by the combined Amcor and Berry teams, with customers receptive to the expanded offerings and innovation capabilities. The company is on track to deliver at least $260 million of synergy benefits in fiscal 2026, and expects to achieve the previously announced total pre-tax synergy benefits of $650 million by the end of fiscal 2028, driving more than 30% EPS growth over the three-year period. Amcor also increased its quarterly dividend to 13.0 cents per share, reflecting confidence in the near and long-term growth opportunities and ability to generate significant free cash flow.

Adjusted EPS 80-83 cps representing 12-17% constant currency growth; Free Cash Flow $1.8-1.9 billion.