Ardagh Metal Packaging Q1 revenue up 19% while EBITDA rise 15%

Ardagh Metal Packaging SA reported its financial results for the first quarter ended March 31, 2026, showing revenue growth and improved earnings despite ongoing aluminium supply chain challenges.

Revenue rose to USD 1.504 billion, up 19 per cent from USD 1.268 billion a year earlier, supported by higher input cost pass-through and favourable volume mix. Adjusted EBITDA increased 15 per cent to USD 179 million, exceeding the company’s guidance range. However, the company reported a net loss of USD 5 million, unchanged from the previous year.

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Global beverage can shipments declined by 1 per cent during the quarter. The Americas saw a 2 per cent drop, including a 5 per cent decline in North America, partly offset by 14 per cent growth in Brazil. Europe also recorded a 1 per cent decline in shipments.

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Performance varied by region. In the Americas, adjusted EBITDA dropped 2 per cent to USD 104 million from higher running costs and aluminium supply problems caused by weather disruptions. Europe posted solid gains, though, as adjusted EBITDA climbed 53 per cent to USD 75 million on improved cost pass-through and a better product mix.

The firm held solid liquidity at USD 488 million and refinanced its credit line, pushing maturity to 2031. It declared a quarterly dividend of USD 0.10 per share.

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Ardagh stuck to its 2026 full-year adjusted EBITDA outlook of USD 750-775 million. It sees modest shipment gains via cost recovery tools and hedges, but aluminium supply hitches and rising input prices could linger through Q2.