Amcor plc

Company facts

Industry

Miscellaneous Manufacturing Industries

Headquarters

Warmley, Bristol

Most recent report

8-K, filed Aug 14, 2026

Filings on record

695 filings

On EDGAR

CIK 1748790

Fiscal year ends

June

Filer status

Large accelerated filer

What to read: FY2026 10-K

SECSift found 5 of 27 sections worth reading, with 2 positive, 21 notable, and 4 negative flags.

• Business (Item 1)

  Segment mix shift, fiscal year change, new execs, R&D drop, SBTi validation.
  Notable

  • Fiscal year end changed to December 31; transition period July 1–Dec 31, 2026 on Form 10-K/T.
  • R&D spend in FY2026 was ~$170M, down from the ~$180M/year post-merger target stated last year.
  • Rigid Packaging Solutions segment now 45% of consolidated net sales, up from 28% in FY2025.
  • Middle East conflict beginning Feb 2026 caused industry-wide raw material shortages, managed.
  • Stephen R. Scherger joined as CFO in 2025, replacing Michael Casamento who left.
  • New division presidents: Ryan D. Yost (Flexible) and Jean-Marc Galvez (Rigid); Fred Stephan removed.

• Risk Factors (Item 1A)

  Multiple company-specific, quantified risk factors: Berry merger, $2.5B portfolio review, $14B debt, new AI risk.
  Notable

  • Merger with Berry expected to generate $650M pre-tax annual net cost synergies by end of third year post-merger.
  • Strategic review identified $2.5B of businesses for possible sale; $500M already divested or in process.
  • 81% of FY2026 sales from developed markets, 19% from emerging markets; prior year was 75%/25%.
  • 37% of employees covered by collective bargaining agreements as of June 30, 2026.
  • Cybersecurity: no material impacts to date, but threats are increasing.
  • New risk factor: use of AI introduces operational, legal, and reputational risks.
  • 15% of debt at variable rates as of June 30, 2026, down from 17% a year ago.
  • $18.7B in goodwill and other intangible assets as of June 30, 2026.
  • Trade policy risk updated; references April 2025 reciprocal tariffs and ongoing uncertainty.
  Negative

  • $14.0B debt outstanding as of June 30, 2026, with $1.29B drawn on a $3.75B revolver.

• Properties (Item 2)

  Facility counts fell; new Miami HQ; ownership mix shifted.
  Notable

  • Global Flex facilities dropped from 210 to 190, countries from 36 to 33 (June 2025 vs 2026).
  • Global Rigid facilities down 3 to 210, countries down 1 to 33; owned share rose from 55% to 60%.
  • New US headquarters in Miami planned from 2027; corporate functions migrating.

• Management's Discussion (Item 7)

  Core MD&A with first full-year Berry results, strategic review, high debt, and accounting changes.
  Positive

  • Net sales up 57% to $23.5B in FY2026, driven by the Berry merger.
  • Net income attributable to Amcor plc up 116% to $1.106B in FY2026.
  Notable

  • Net debt was $12.9B at June 30, 2026, down slightly from $13.3B a year earlier.
  Negative

  • Underlying organic sales volume declined 2% in FY2026, excluding merger and currency effects.
  • Interest expense increased 71% to $676M in FY2026 due to Merger-related debt.

• Financial Statements (Item 8)

  Full financial statements, critical audit matter on goodwill, Berry merger details, restructuring costs.
  Notable

  • 1-for-5 reverse stock split effected January 14, 2026; all prior-period per-share amounts retroactively adjusted.
  • Company will change fiscal year-end from June 30 to December 31, effective July 1, 2026.
  Negative

  • Goodwill of $12,075M, with $6,056M in Rigid Packaging; the auditor flagged this as a critical audit matter.

What changed: FY2026 vs. FY2025

About 15% of AMCR's FY2026 10-K is new information. 126 paragraphs were added, 384 changed, and 192 removed. Below are the most important lines SECSift identified.

• Financial Statements (Item 8) 185
• Management's Discussion (Item 7) 86
• Risk Factors (Item 1A) 58
• Business (Item 1) 46
• Market Risk (Item 7A) 10
• Market for the Stock (Item 5) 6
• Form 10-K Summary (Item 16) 5
• Controls and Procedures (Item 9A) 5
• Cybersecurity (Item 1C) 4