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Amcor Reports Solid Second Quarter Results and Reaffirms Fiscal 2026 Guidance

Highlights – Three Months Ended December 31, 2025

  • Net sales $5,449 million, up 68% driven by the Berry acquisition
  • GAAP Net income $177 million including acquisition related costs and GAAP diluted EPS of $0.38
  • Acquisition synergies of $55 million at upper end of expectations and targets reaffirmed
  • Adjusted EBITDA $826 million, up 83% and adjusted EBIT $603 million, up 66%
  • Adjusted EBITDA margin of 15.2%, up from 14% and adjusted EBIT margin of 11.1%, flat
  • Adjusted EPS of $0.86, up 7%
  • Free Cash Flow $289 million including Berry transaction, restructuring and integration costs of $69 million
  • Quarterly dividend of $0.65 declared

Highlights – Fiscal First Half Ended December 31, 2025

  • Net sales $11,194 million, up 70% driven by the Berry acquisition
  • GAAP Net income $439 million including acquisition related costs and GAAP diluted EPS of $0.95
  • Adjusted EBITDA $1,736 million, up 89% and adjusted EBIT $1,290 million, up 77%
  • Adjusted EBITDA margin of 15.5%, up from 13.9% and adjusted EBIT margin of 11.5%, up from 11.0%
  • Adjusted EPS of $1.83, up 14%

Fiscal 2026 Guidance Reaffirmed:

  • Adjusted EPS $4.00$4.15 representing 12-17% constant currency growth
  • Free Cash Flow $1.8-1.9 billion

ZURICH, Feb. 4, 2026 /PRNewswire/ — Amcor CEO Peter Konieczny said, “Our Q2 financial performance was in line with expectations in a challenging volume environment. Strong Adjusted EPS growth was driven by disciplined execution and synergy benefits from the Berry acquisition at the upper end of expectations. Performance through the first half of the year supports our confidence in reaffirming fiscal 2026 earnings and free cash flow guidance. Portfolio optimization actions are progressing well, positioning us to be the global leader in consumer packaging and dispensing solutions for nutrition, health, beauty and wellness.”

Key Financials (1)(2)(3)

Three Months Ended
December 31,

Six Months Ended
December 31,

GAAP results

2024 $
million

2025 $
million

2024 $
million

2025 $
million

Net sales

3,241

5,449

6,594

11,194

Net income attributable to Amcor plc

163

177

354

439

EPS (diluted, $)

0.56

0.38

1.22

0.95

Reported

∆%

Reported

∆%

Three Months Ended
December 31,

Six Months Ended
December 31,

Adjusted non-GAAP results

2024 $
million

2025 $
million

2024 $
million

2025 $
million

Net sales

3,241

5,449

68

6,594

11,194

70

EBITDA

453

826

83

919

1,736

89

EBIT

363

603

66

728

1,290

77

Net income

233

400

72

467

848

82

EPS ($)

0.80

0.86

7

1.61

1.83

14

Free Cash Flow

358

289

(38)

(53)

All amounts referenced throughout this document are in US dollars unless otherwise indicated and numbers may not add up to the totals provided due to rounding.  

(1)  Adjusted non-GAAP results exclude items not considered representative of ongoing operations. Further details on non-GAAP measures and reconciliations to GAAP measures can be found under “Presentation of non-GAAP information”.

(2)  All prior year results reflect the Amcor plc group, considered the accounting acquirer in the April 30, 2025 combination between Amcor plc and Berry Global.

(3)  All periods presented in this release have been retroactively adjusted to reflect the 1-for-5 reverse stock split effected on January 14, 2026. Further details can be found under ‘Reverse Stock Split.

Financial Results

Three months ended December 31, 2025

Net sales of $5,449 million were 63% higher than last year on a constant currency basis, including approximately $2.2 billion of acquired sales net of divestments, which represents growth of approximately 66%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (3%) year over year variation reflects the impact of lower volumes.

The Company estimates that volumes were approximately 1.5% lower than estimated combined volumes for the legacy Amcor and legacy Berry businesses in the December quarter last year, excluding non-core and divested businesses. The Company estimates that price/mix did not have a material impact on net sales.

Adjusted EBIT of $603 million was 62% higher than last year on a constant currency basis, including approximately $210 million of acquired EBIT net of divestments which represents growth of approximately 58%. The remaining 4% year over year variation mainly reflects synergy benefits from the Berry acquisition of approximately $50 million, continued disciplined execution against cost and productivity initiatives, partly offset by lower volumes, primarily in non-core businesses.

GAAP net interest expense was $154 million and GAAP income tax expense was $3 million. Inclusive of acquisition related financial benefits of approximately $5 million, adjusted net interest expense was $140 million and adjusted tax expense was $63 million representing an effective tax rate of 13.6%. Interest expense was $73 million higher than the prior year primarily as a result of increased acquisition related net debt. The effective tax rate was lower than 18.6% in the prior year primarily as a result of discrete tax events which occurred in the current period.

Free cash flow of $289 million was in-line with expectations after funding approximately $69 million of net acquisition related cash costs. 

Net debt was $14,081 million at December 31, 2025.  

Six months ended December 31, 2025

Net sales of $11,194 million were 66% higher than last year on a constant currency basis, including approximately $4.5 billion of acquired sales net of divestments, which represents growth of approximately 69%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (3%) year over year variation reflects the impact of volumes and price/mix. 

Adjusted EBIT of $1,290 million was 73% higher than last year on a constant currency basis, including approximately $510 million of acquired EBIT net of divestments which represents growth of approximately 69%. The remaining 4% year over year variation mainly reflects synergy benefits from the Berry acquisition of approximately $83 million partly offset by lower volumes. 

GAAP net interest expense was $307 million and GAAP income tax expense was $52 million. Inclusive of acquisition related financial benefits of approximately $10 million, adjusted net interest expense was $281 million and adjusted tax expense was $161 million representing an effective tax rate of 16.0%.

Free cash outflow was $53 million after funding approximately $184 million of net acquisition related cash costs. Prior to funding of acquisition related cash costs cash flow increased by approximately $170 million compared with last year.

Dividend

The Board’s confidence in Amcor’s near and long term growth opportunities and ability to generate significant free cash flow is reflected in today’s declaration of a quarterly cash dividend of 65.0 cents per share, compared with 63.75 cents per share in the same quarter last year, declared as 12.75 cents per share before adjusting for the 1-for-5 reverse stock split effected on January 14, 2026. The dividend will be paid in US dollars to holders of Amcor’s ordinary shares trading on the NYSE. Holders of CDIs trading on the ASX will receive an unfranked dividend of 93.0 Australian cents per share, which reflects the quarterly dividend of 65.0 cents per share converted at an AUD:USD average exchange rate of 0.6970 over the five trading days ended January 30, 2026.

The ex-dividend date will be February 24, 2026 for holders of CDIs trading on the ASX and February 25, 2026 for holders of shares trading on the NYSE. For all shareholders, the record date will be February 25, 2026 and the payment date will be March 17, 2026. 

Fiscal 2026 Guidance Reaffirmed

For the fiscal year ending June 30, 2026, the Company expects:

  • Adjusted EPS of $4.00 to $4.15
    • Remains unchanged from the previous $0.80 to $0.83 cents per share range, which has been updated to reflect the 1-for-5 reverse stock split effected on January 14, 2026
    • Represents constant currency growth of 12% to 17% compared with $3.56, reported as 71.2 cents per share before adjusting for the 1-for-5 reverse stock split which became effective on January 14, 2026, in fiscal 2025
    • Includes pre-tax synergy benefits related to the Berry acquisition of at least $260 million
  • Free Cash Flow of $1.8 billion to $1.9 billion.

Amcor’s guidance for fiscal 2026 reflects a full 12 months ownership of the Berry business and does not take into account the impact of potential portfolio optimization actions that may be completed through the year.

Conference Call

Amcor is hosting a conference call with investors and analysts to discuss these results on Tuesday February 3, 2026 at 5:30pm US Eastern Standard Time / Wednesday February 4, 2026 at 9:30am Australian Eastern Daylight Time. Investors are invited to listen to a live webcast of the conference call at our website, www.amcor.com, in the “Investors” section.

Those wishing to access the call should use the following toll-free numbers, with the Conference ID: 8282712

  • USA: 800 715 9871 (toll free)
  • USA: 646 307 1963 (local)
  • Australia: 1800 519 630 (toll free), 02 9133 7103 (local)
  • United Kingdom: 0800 358 0970 (toll free), 020 3433 3846 (local)
  • Singapore: +65 3159 5133 (local)
  • Hong Kong: +852 3002 3410 (local)

From all other countries, the call can be accessed by dialing +1 646 307 1963 (toll).

A replay of the webcast will also be available in the ‘Investors” section at www.amcor.com following the call.

Segment Information

Global Flexible Packaging Solutions segment – December 2025 quarter

Three Months Ended December 31,

Reported
∆%

Constant
currency ∆%

2024 $ million

2025 $ million

Net sales

2,511

3,188

27

23

Adjusted EBIT

322

402

25

22

Adjusted EBIT / Sales %

12.8

12.6

Net sales of $3,188 million, were 23% higher than last year on a constant currency basis including approximately $605 million of acquired sales net of divestments, which represents growth of approximately 24%. The pass through of movements in raw material costs had no material impact on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix. 

The Company estimates that volumes for the Global Flexible Packaging Solutions segment were approximately 2% lower compared to volumes for the combined legacy Amcor and Berry businesses in the December quarter last year. By market category, volumes were higher in pet food and meat proteins. This was offset by lower volumes in other nutrition, liquids and unconverted film and foil. By region, volumes were lower across North America and Europe. Volumes in emerging markets were in line with the prior year, with growth in Asia Pacific offset by volume declines in Latin America. The Company estimates that price/mix had no material impact on net sales.

Adjusted EBIT of $402 million was 22% higher than last year on a constant currency basis, reflecting approximately $65 million of acquired EBIT, net of divestments which represents growth of approximately 20%. The remaining 2% year over year growth mainly reflects synergy benefits from the Berry acquisition, favorable cost performance and productivity benefits, partly offset by lower volumes.  

Global Flexible Packaging Solutions segment – December 2025 YTD

Six Months Ended December 31,

Reported
∆%

Constant
currency ∆%

2024 $ million

2025 $ million

Net sales

5,062

6,445

27

24

Adjusted EBIT

651

828

27

25

Adjusted EBIT / Sales %

12.9

12.9

Net sales of $6,445 million, were 24% higher than last year on a constant currency basis including approximately $1.2 billion of acquired sales net of divestments, which represents growth of approximately 25%.  The pass through of movements in raw material costs had no material impact on net sales and the remaining (1%) year over year variation reflects the impact of volumes and price/mix. 

Adjusted EBIT of $828 million was 25% higher than last year on a constant currency basis, reflecting approximately $140 million of acquired EBIT, net of divestments which represents growth of approximately 22%.  The remaining 3% year over year growth mainly reflects synergy benefits from the Berry acquisition partly offset by lower volumes.  

Global Rigid Packaging Solutions segment – December 2025 quarter

Three Months Ended December 31,

Reported
∆%

Constant
currency ∆%

2024 $ million

2025 $ million

Net sales

730

2,264

210

200

Adjusted EBIT

53

228

327

308

Adjusted EBIT / Sales %

7.3

10.1

Net sales of $2,264 million, were 200% higher than last year on a constant currency basis, including approximately $1.5 billion of acquired sales net of divestments, which represents growth of approximately 212% and an unfavorable impact of approximately (1%) from the pass through of lower raw material costs.  The remaining (11%) year over year variation reflects price/mix and lower non-core business volumes. 

Excluding non-core and divested businesses, the Company estimates that volumes for the Global Rigid Packaging Solutions segment were flat compared with volumes for the combined legacy Amcor and Berry businesses in the December quarter last year.  By market category, volumes were higher in pet food, beauty & wellness and specialty containers.  This offset softer volumes in healthcare and foodservice.  By region, volumes were in line with the prior year in North America.  Volumes were lower across Europe and this was partly offset by volume growth across emerging markets, primarily in Latin America.  The Company estimates that price/mix had no material impact on net sales.

Adjusted EBIT of $228 million was 308% higher than last year on a constant currency basis, including approximately $165 million of acquired EBIT net of divestments which represents growth of approximately 306%.  The remaining 2% year over year variation mainly reflects synergy benefits from the Berry acquisition and cost reduction initiatives which offset lower volumes and performance in non-core businesses. 

Adjusted EBIT margins of 10.1% were 280 basis points higher than the prior year reflecting the improved quality of the combined business.

Global Rigid Packaging Solutions segment – December 2025 YTD

Six Months Ended December 31,

Reported
∆%

Constant
currency ∆%

2024 $ million

2025 $ million

Net sales

1,532

4,752

210

202

Adjusted EBIT

115

523

354

339

Adjusted EBIT / Sales %

7.5

11.0

Net sales of $4,752 million, were 202% higher than last year on a constant currency basis, including approximately $3.3 billion of acquired sales net of divestments, which represents growth of approximately 213% and an unfavorable impact of approximately (3%) from the pass through of lower raw material costs.  The remaining (8%) year over year variation reflects price mix and lower non-core business volumes. 

Adjusted EBIT of $523 million was 339% higher than last year on a constant currency basis, including approximately $405 million of acquired EBIT net of divestments which represents growth of approximately 352%.  The remaining 13% year over year variation mainly reflects lower volumes and performance in non-core businesses, partly offset by synergy benefits from the Berry acquisition and cost reduction initiatives. 

Adjusted EBIT margins of 11.0% were 350 basis points higher than the prior year reflecting the improved quality of the combined business.

About Amcor

Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC 

www.amcor.comLinkedIn I YouTube

 

U.S. GAAP Condensed Consolidated Statements of Income (Unaudited)

Three Months Ended December 31,

Six Months Ended December 31,

$ in millions, except per share data

2024

2025

2024

2025

Net sales

3,241

5,449

6,594

11,194

Cost of sales

(2,615)

(4,410)

(5,309)

(9,031)

Gross profit

626

1,039

1,285

2,163

Selling, general, and administrative expenses

(255)

(440)

(531)

(875)

Amortization of acquired intangible assets

(40)

(144)

(79)

(277)

Research and development expenses

(27)

(38)

(55)

(84)

Restructuring, transaction and integration expenses, net

(33)

(118)

(39)

(193)

Other income, net

26

32

28

58

Operating income

297

331

609

792

Interest expense, net

(72)

(154)

(147)

(307)

Other non-operating income/(expenses), net

(1)

1

(2)

2

Income before income taxes and equity in income of affiliated
companies

224

178

460

487

Income tax expense

(58)

(3)

(101)

(52)

Equity in income of affiliated companies, net of tax

1

2

1

4

Net income

167

177

360

439

Net income attributable to non-controlling interests

(4)

(6)

Net income attributable to Amcor plc

163

177

354

439

USD:EUR average FX rate

0.9379

0.8592

0.9238

0.8575

Basic earnings per share attributable to Amcor

0.57

0.38

1.22

0.95

Diluted earnings per share attributable to Amcor

0.56

0.38

1.22

0.95

Weighted average number of shares outstanding – Basic

288.50

463.10

288.30

462.60

Weighted average number of shares outstanding – Diluted

289.10

463.80

288.90

463.00

All periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.

 

U.S. GAAP Condensed Consolidated Statements of Cash Flows (Unaudited)

Six Months Ended December 31,

($ million)

2024

2025

Net income

360

439

Depreciation, amortization and impairment

267

737

Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and
currency

(503)

(761)

Other non-cash items

35

(45)

Net cash provided by operating activities

159

370

Purchase of property, plant and equipment and other intangible assets

(243)

(459)

Proceeds from sales of property, plant and equipment and other intangible assets

7

36

Business acquisitions

(11)

(18)

Proceeds from divestitures, net of cash divested

113

Net debt proceeds

267

955

Dividends paid

(366)

(594)

Purchase of treasury shares, proceeds from exercise of options and tax withholdings for share-
based incentive plans

(38)

(58)

Other, including effect of exchange rate on cash and cash equivalents

(31)

(2)

Net increase/(decrease) in cash and cash equivalents

(143)

230

Cash and cash equivalents balance at beginning of the year

588

827

Cash and cash equivalents balance at end of the period

445

1,057

 

U.S. GAAP Condensed Consolidated Balance Sheets (Unaudited)

($ million)

June 30, 2025

December 31, 2025

Cash and cash equivalents

827

1,057

Trade receivables, net

3,426

3,161

Inventories, net

3,471

3,481

Property, plant, and equipment, net

8,202

7,766

Goodwill and other intangible assets, net

18,679

18,900

Other assets

2,461

2,681

Total assets

37,066

37,046

Trade payables

3,490

3,045

Short-term debt and current portion of long-term debt

257

519

Long-term debt, less current portion

13,841

14,619

Accruals and other liabilities

7,738

7,216

Shareholders’ equity

11,740

11,647

Total liabilities and shareholders’ equity

37,066

37,046

 

Components of Fiscal 2026 Net Sales growth

Three Months Ended December 31,

Six Months Ended December 31,

($ million)

Global
Flexible
Packaging
Solutions

 

Global Rigid
Packaging
Solutions

 

Total

 

Global
Flexible
Packaging
Solutions

 

Global Rigid
Packaging
Solutions

 

Total

 

Net sales fiscal 2026

3,188

2,264

5,449

6,445

4,752

11,194

Net sales fiscal 2025

2,511

730

3,241

5,062

1,532

6,594

Reported Growth %

27

210

68

27

210

70

FX %

4

10

5

3

8

4

Constant Currency Growth %

23

200

63

24

202

66

RM Pass Through %

(1)

(3)

Items affecting comparability %

24

212

66

25

213

69

Organic Growth %

(1)

(11)

(3)

(1)

(8)

(3)

Volume %

(2)

(6)

(3)

(2)

(5)

(3)

Price/Mix %

1

(6)

2

(3)

1

 

Reconciliation of Non-GAAP Measures

Reconciliation of adjusted Earnings before interest, tax, depreciation, and amortization (EBITDA), Earnings before interest
and tax (EBIT), Net income, Earnings per share (EPS) and Adjusted Free Cash Flow

Three Months Ended December 31, 2024

Three Months Ended December 31, 2025

($ million)

EBITDA

EBIT

Net
Income

EPS
(Diluted)

EBITDA

EBIT

Net
Income

EPS
(Diluted)

Net income attributable to Amcor

163

163

163

0.56

177

177

177

0.38

Net income attributable to non-controlling interests

4

4

Tax expense

58

58

3

3

Interest expense, net

72

72

154

154

Depreciation and amortization

130

368

EBITDA, EBIT, Net income, and EPS

427

297

163

0.56

702

334

177

0.38

Impact of hyperinflation

3

3

3

0.01

4

4

4

0.01

Restructuring, integration and related expenses,
net(1)

23

23

23

0.08

112

112

112

0.24

Transaction costs

10

10

10

0.03

6

6

6

0.01

Other

(10)

(10)

(10)

(0.03)

3

3

3

0.01

Amortization of acquired intangibles(2)

40

40

0.14

144

144

0.31

Interest expense Berry Transaction

13

0.03

Tax effect of above items

4

0.01

(59)

(0.13)

Adjusted EBITDA, EBIT, Net income and EPS

453

363

233

0.80

826

603

400

0.86

Reconciliation of adjusted growth to constant currency growth

% growth – Adjusted EBITDA, EBIT, Net income, and EPS

83

66

72

7

% currency impact

(5)

(5)

(5)

(3)

% constant currency growth

77

62

67

4

% items affecting comparability(3)

75

58

% from all other sources

2

4

Adjusted EBITDA

453

826

Interest paid, net

(91)

(114)

Income tax paid

(52)

(86)

Purchase of property, plant and equipment and

other intangible assets

(98)

(222)

Proceeds from sales of property, plant and

equipment and other intangible assets, net of
restructuring

6

8

Movement in working capital

153

(42)

Other

(13)

(12)

Adjusted Free Cash Flow

358

358

Berry Transaction, restructuring and Integration
costs, net

(69)

Free Cash Flow

358

289

All periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.

(1) Three months ended December 31, 2025 primarily reflects restructuring and integration costs incurred in connection with the Berry Global acquisition, inclusive of inventory discrepancies of $15 million, including errors from prior periods, tied to manufacturing inefficiencies and other management issues which supported the decision to close three facilities in Asia.

(2) Amortization of acquired intangible assets from business combinations.

(3) Reflects the impact of acquired, disposed, and ceased operations.

 

Six Months Ended December 31, 2024

Six Months Ended December 31, 2025

($ million)

EBITDA

EBIT

Net
Income

EPS
(Diluted)
(1)

EBITDA

EBIT

Net
Income

EPS
(Diluted)
(1)

Net income attributable to Amcor

354

354

354

1.22

439

439

439

0.95

Net income attributable to non controlling
interests

6

6

Tax expense

101

101

52

52

Interest expense, net

147

147

307

307

Depreciation and amortization

270

723

EBITDA, EBIT, Net income and EPS

878

608

354

1.22

1,521

798

439

0.95

Impact of hyperinflation

5

5

5

0.02

15

15

15

0.03

Restructuring, integration and related expenses,
net(2)

29

29

29

0.10

165

165

165

0.35

Transaction costs

10

10

10

0.03

28

28

28

0.06

Other

(3)

(3)

(3)

(0.01)

7

7

7

0.01

Amortization of acquired intangibles(3)

79

79

0.27

277

277

0.60

Interest expense Berry Transaction

26

0.06

Tax effect of above items

(7)

(0.02)

(109)

(0.24)

Adjusted EBITDA, EBIT, Net income and EPS

919

728

467

1.61

1,736

1,290

848

1.83

Reconciliation of adjusted growth to constant currency growth

% growth – Adjusted EBITDA, EBIT, Net income, and EPS

89

77

82

14

% currency impact

(4)

(4)

(4)

(3)

% constant currency growth

85

73

77

11

% items affecting comparability(4)

83

69

% from all other sources

2

4

Adjusted EBITDA

919

1,736

Interest paid, net

(127)

(263)

Income tax paid

(127)

(191)

Purchase of property, plant and equipment and

other intangible assets

(243)

(459)

Proceeds from sales of property, plant and

equipment and other intangible assets, net of
restructuring

7

10

Movement in working capital

(433)

(611)

Other

(34)

(91)

Adjusted Free Cash Flow

(38)

131

Berry Transaction, restructuring and Integration
costs, net

(184)

Free Cash Flow

(38)

(53)

All periods have been retroactively adjusted to reflect the 1 for 5 reverse stock split effected on January 14, 2026.

(1) Calculation of diluted EPS for the six months ended December 31, 2024 excludes net income attributable to shares to be repurchased under
forward contracts of $1 million.

(2) Six months ended December 31, 2025 primarily reflects restructuring and integration costs incurred in connection with the Berry Global
acquisition.

(3) Amortization of acquired intangible assets from business combinations.

(4) Reflects the impact of acquired, disposed, and ceased operations.

 

Reconciliation of adjusted EBIT by reportable segment

Three Months Ended December 31, 2024

Three Months Ended December 31, 2025

($ million)

Global
Flexible
Packaging
Solutions

Global
Rigid
Packaging
Solutions

Other

Total

Global
Flexible
Packaging
Solutions

Global
Rigid
Packaging
Solutions

Other

Total

Net income attributable to Amcor

163

177

Net income attributable to non-
controlling interests

4

Tax expense

58

3

Interest expense, net

72

154

EBIT

259

62

(24)

297

250

137

(53)

334

Impact of hyperinflation

3

3

1

3

4

Restructuring, integration and related
expenses, net(1)

23

23

70

25

16

112

Transaction costs

10

10

1

5

6

Other

3

(14)

1

(10)

6

(7)

4

3

Amortization of acquired intangibles(2)

37

2

1

40

75

68

1

144

Adjusted EBIT

322

53

(12)

363

402

228

(27)

603

Adjusted EBIT / sales %

12.8 %

7.3 %

11.2 %

12.6 %

10.1 %

11.1 %

Reconciliation of adjusted growth to comparable constant currency growth

% growth – Adjusted EBIT

25

327

66

% currency impact

(3)

(18)

(5)

% constant currency growth

22

308

62

% items affecting comparability(3)

20

306

58

% from all other sources

2

2

4

(1) Three months ended December 31, 2025 primarily includes costs incurred in connection with the Berry Global acquisition.

(2) Amortization of acquired intangible assets from business combinations.

(3) Reflects the impact of acquired, disposed, and ceased operations.

 

Six Months Ended December 31, 2024

Six Months Ended December 31, 2025

($ million)

Global
Flexible
Packaging
Solutions

Global
Rigid
Packaging
Solutions

Other

Total

Global
Flexible
Packaging
Solutions

Global
Rigid
Packaging
Solutions

Other

Total

Net income attributable to Amcor

354

439

Net income attributable to non-
controlling interests

6

Tax expense

101

52

Interest expense, net

147

307

EBIT

539

121

(52)

608

572

338

(111)

798

Impact of hyperinflation

5

5

3

12

15

Restructuring, integration and related
expenses, net(1)

29

29

84

54

26

165

Transaction costs

10

10

8

2

18

28

Other

9

(14)

2

(3)

8

(4)

3

7

Amortization of acquired intangibles(2)

74

3

2

79

153

121

3

277

Adjusted EBIT

651

115

(38)

728

828

523

(61)

1,290

Adjusted EBIT / sales %

12.9 %

7.5 %

11.0 %

12.9 %

11.0 %

11.5 %

Reconciliation of adjusted growth to comparable constant currency growth

% growth – Adjusted EBIT

27

354

77

% currency impact

(2)

(15)

(4)

% constant currency growth

25

339

73

% items affecting comparability(3)

22

352

69

% from all other sources

3

(13)

4

(1) Six months ended December 31, 2025 primarily includes costs incurred in connection with the Berry Global acquisition.

(2) Amortization of acquired intangible assets from business combinations.

(3) Reflects the impact of acquired, disposed, and ceased operations.

 

Reconciliation of net debt 

($ million)

June 30, 2025

December 31, 2025

Cash and cash equivalents

(827)

(1,057)

Short-term debt

116

83

Current portion of long-term debt

141

436

Long-term debt, less current portion

13,841

14,619

Net debt

13,271

14,081

Cautionary Statement Regarding Forward-Looking Statements

Unless otherwise indicated, references to “Amcor,” the “Company,” “we,” “our,” and “us” in this document refer to Amcor plc and its consolidated subsidiaries. This document contains certain statements that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified with words like “believe,” “expect,” “target,” “project,” “may,” “could,” “would,” “approximately,” “possible,” “will,” “should,” “intend,” “plan,” “anticipate,” “commit,” “estimate,” “potential,” “ambitions,” “outlook,” or “continue,” the negative of these words, other terms of similar meaning, or the use of future dates. Such statements are based on the current expectations of the management of Amcor and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither Amcor nor any of its respective directors, executive officers, or advisors, provide any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur or if any of them do occur, what impact they will have on the business, results of operations or financial condition of Amcor. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Amcor’s business, including the ability to successfully realize the expected benefits of the merger of Amcor and Berry Global Group, Inc. Risks and uncertainties that could cause actual results to differ from expectations include, but are not limited to: risks arising from the integration of the Amcor and Berry Global Group, Inc., (“Berry”) businesses as a result of the merger completed on April 30, 2025 (the “Transaction” or “Merger”); risk of continued substantial and unexpected costs or expenses resulting from the Transaction; risk that the anticipated benefits of the Transaction may not be realized when expected or at all; risk that the Company’s significant indebtedness may limit its flexibility and increase its borrowing costs; risk that the Merger-related tax liabilities could have a material impact on the Company’s financial results; risk that the strategic review of our portfolio may cause disruptions to our business or may not result in completion of a transaction to restructure or divest non-core businesses or may not create additional value for our shareholders; changes in consumer demand patterns and customer requirements in numerous industries; risk of loss of key customers, a reduction in their production requirements, or consolidation among key customers; significant competition in the industries and regions in which we operate; an inability to expand our current business effectively through either organic growth, including product innovation, investments, or acquisitions; challenging global economic conditions; impacts of operating internationally; price fluctuations or shortages in the availability of raw materials, energy and other inputs, which could adversely affect our business; production, supply, and other commercial risks, including counterparty credit risks, which may be exacerbated in times of economic volatility; pandemics, epidemics, or other disease outbreaks; an inability to attract, develop, and retain our skilled workforce and manage key transitions; labor disputes and an inability to renew collective bargaining agreements at acceptable terms; physical impacts of climate change; significant disruption at a key manufacturing facility; cybersecurity risks, which could disrupt our operations or risk of loss of our sensitive business information; failures or disruptions in our information technology systems which could disrupt our operations, compromise customer, employee, supplier, and other data; rising interest rates that increase our borrowing costs on our variable rate indebtedness and could have other negative impacts; foreign exchange rate risk; a significant write-down of goodwill and/or other intangible assets; a failure to maintain an effective system of internal control over financial reporting; an inability of our insurance policies, including our use of a captive insurance company, to provide adequate protection against all of the key operational risks we face; an inability to defend our intellectual property rights or intellectual property infringement claims against us; litigation, including product liability claims or litigation related to Environmental, Social, and Governance (“ESG”) matters, or regulatory developments; increasing scrutiny and changing expectations from investors, customers, suppliers, and governments with respect to our ESG practices and commitments resulting in additional costs or exposure to additional risks; changing ESG government regulations including climate-related rules; changing environmental, health, and safety laws; changes in tax laws or changes in our geographic mix of earnings; and changes in trade policy, including tariff and custom regulations or failure to comply with such regulations.  These risks and uncertainties are supplemented by those identified from time to time in our filings with the Securities and Exchange Commission (the “SEC”), including without limitation, those described under Part I, “Item 1A – Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and as updated by our quarterly reports on Form 10-Q. You can obtain copies of Amcor’s filings with the SEC for free at the SEC’s website (www.sec.gov). Forward-looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent, except as expressly required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement. 

Presentation of non-GAAP information

Included in this release are measures of financial performance that are not calculated in accordance with U.S. GAAP. These measures include adjusted EBITDA and EBITDA (calculated as earnings before interest and tax and depreciation and amortization), adjusted EBIT and EBIT (calculated as earnings before interest and tax), adjusted net income, adjusted earnings per share, adjusted free cash flow, and net debt.  In arriving at these non-GAAP measures, we exclude items that either have a non-recurring impact on the income statement or which, in the judgment of our management, are items that, either as a result of their nature or size, could, were they not singled out, potentially cause investors to extrapolate future performance from an improper base. Note that while amortization of acquired intangible assets is excluded from non-GAAP adjusted financial measures, the revenue of the acquired entities and all other expenses unless otherwise stated, are reflected in our non-GAAP financial performance earnings measures. While not all inclusive, examples of these items include: material restructuring programs, including associated costs such as employee severance, pension and related benefits, impairment of property and equipment and other assets, accelerated depreciation, termination payments for contracts and leases, contractual obligations, and any other qualifying costs related to restructuring plans; material sales and earnings from disposed or ceased operations and any associated profit or loss on sale of businesses or subsidiaries; changes in the fair value of economic hedging instruments on commercial paper and contingent purchase consideration; pension settlements; impairments in goodwill and equity method investments; material acquisition compensation and transaction costs such as due diligence expenses, professional and legal fees, financing-related expenses; and integration costs; material purchase accounting adjustments for inventory; amortization of acquired intangible assets from business combination; gains or losses on significant property and divestitures and significant property and other impairments, net of insurance recovery; certain regulatory and legal matters; impacts from highly inflationary accounting; expenses related to the Company’s CEO and CFO  transition; and impacts related to the RussiaUkraine conflict.

Amcor also evaluates performance on a comparable constant currency basis, which measures financial results assuming constant foreign currency exchange rates used for translation based on the average rates in effect for the comparable prior year period. In order to compute comparable constant currency results, we multiply or divide, as appropriate, current-year U.S. dollar results by the current year average foreign exchange rates and then multiply or divide, as appropriate, those amounts by the prior-year average foreign exchange rates. We then adjust for other items affecting comparability. While not all inclusive, examples of items affecting comparability include the difference between sales or earnings in the current period and the prior period related to disposed, or ceased operations. Comparable constant currency net sales performance also excludes the impact from passing through movements in raw material costs.  

Management has used and uses these measures internally for planning, forecasting and evaluating the performance of the Company’s reporting segments and certain of the measures are used as a component of Amcor’s Board of Directors’ measurement of Amcor’s performance for incentive compensation purposes. Amcor believes that these non-GAAP measures are useful to enable investors to perform comparisons of current and historical performance of the Company. For each of these non-GAAP financial measures, a reconciliation to the most directly comparable U.S. GAAP financial measure has been provided herein. These non-GAAP financial measures should not be construed as an alternative to results determined in accordance with U.S. GAAP. The Company provides guidance on a non-GAAP basis as we are unable to predict with reasonable certainty the ultimate outcome and timing of certain significant forward-looking items without unreasonable effort.  These items include but are not limited to the impact of foreign exchange translation, restructuring program costs, asset impairments, possible gains and losses on the sale of assets, certain tax related events, and difficulty in making accurate forecasts and projections in connection with the legacy Berry Global business given recency of access to all relevant information. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP earnings and cash flow measures for the guidance period.

Reconciliations of  fiscal 2026 projected non-GAAP measures are not included herein because the individual components are not known with certainty as individual financial statements for fiscal 2026 have not been completed.

Reverse Stock Split

On January 14, 2026, the Company filed a an amendment to its memorandum of association to effect a 1-for-5 reverse stock split (the “Reverse Split”) of the Company’s ordinary shares. The Reverse Split became effective on January 14, 2026 and reduced the number of authorized ordinary shares to 1,800,000,000 and increased the par value of the ordinary shares to $0.05 per share. Accordingly, all share and per share amounts for all periods presented in the discussion within this release have been adjusted retroactively, where applicable, to reflect the Reverse Split.

Presentation of combined volume performance

In order to provide the most meaningful comparison of results of volume performance by region and end market for Amcor plc and for each of its reportable segments, the Company has included commentary to reflect Amcor’s estimate of year-over-year volume performance for the three and six months ended December 31, 2025 compared with estimated combined volumes for the legacy Amcor and Berry Global businesses for the three and six months ended December 31, 2024. The combined volume performance information has been presented for informational purposes and Amcor believes this information reflects the impact of the combination including allocation of volumes across the combined production footprint since May 1, 2025.  For the avoidance of doubt, combined volume performance information is not intended to be, and was not, prepared on a basis consistent with pro forma financial information required by Article 11 of Regulation S-X.

Dividends

Amcor has received a waiver from the ASX’s settlement operating rules, which will allow the Company to defer processing conversions between its ordinary share and CDI registers from February 24, 2026 to February 25, 2026 inclusive. 

 

IFS Nexus Black Launches Resolve for Utilities

  • Resolve addresses most costly inefficiencies facing Utility providers: workforce shortages, aging infrastructure, and extreme weather response
  • Next-generation technician management, fault reporting, and predictive maintenance for Field Service Management embeds Industrial AI to transform disaster response and grid modernization 

SAN DIEGO, Feb. 4, 2026 /PRNewswire/ — IFS, the world’s leading provider of Industrial AI software, today launched IFS Nexus Black Resolve for Utilities – purpose-built and combining decades of utilities expertise with cutting-edge AI capabilities to revolutionize the most inefficient element of field service operations. The announcement was made at DISTRIBUTECH® International 2026, where IFS is demonstrating how utilities can apply AI to navigate increasingly complex challenges – from aging infrastructure and extreme weather to workforce constraints, rising customer expectations, and increasing regulatory pressure. 

Resolve for Utilities represents a breakthrough in how energy and utilities companies respond to disasters, manage daily operations, and modernize the grid. Developed by IFS Nexus Black, the solution extends proven IFS Field Service Management technology with AI to deliver rapid innovation that gets results in weeks, not months – while maintaining the reliability, scalability, and security that utilities demand. 

AI That Understands the Realities of Utilities Operations

Unlike generic AI solutions designed for white-collar workers, Resolve for Utilities is designed for the field technicians, planners, and crews who keep the lights on and water flowing. The solution addresses the stark realities facing utilities: skilled workforce shortages, extreme weather events increasing in frequency and severity, aging infrastructure requiring urgent modernization, and communities expecting faster restoration times.

Transformative Capabilities for Modern Utilities Built on a Foundation of Innovation 

Resolve for Utilities introduces a powerful suite of capabilities to revolutionize field service operations in the face of these compounding challenges, ensuring that the “last mile” to the customer is state-of-the-art, setting the bar for Workforce Management today and tomorrow, regardless of work or worker type. 

  • Intelligent Crew Callout for Rapid Response: Resolve uses AI to coordinate crews for essential work – from planned maintenance on aging infrastructure to emergency response during floods, storms, or wildfires. The system provides real-time visibility into crew availability, seamlessly communicates with field workers, and manages operations across regions and states – freeing up planners to focus on strategic decisions while AI handles coordination friction.
  • Mutual Aid Technology for Large-Scale Disasters: When major storms strike, utilities must rapidly coordinate with neighboring companies. Resolve’s Mutual Aid capabilities use AI to enable seamless communication and resource sharing across organizational boundaries, protecting communities faster when they need it most. 
  • Intelligent Support for Field Crews: Resolve’s enhanced mobile capability dramatically improves field crew productivity through intelligent guidance based on real-time data, equipment images, and historical patterns. 

The new solution extends IFS’s track record as the trusted* partner for utilities worldwide. IFS already delivers the most comprehensive Asset Lifecycle Management platform on the market, including Asset Investment Planning, Capital Project Management, Supply Management, and AI-based Scheduling Optimization, integrated with the recognized #1 Enterprise Asset Management** solution. 

Carol Johnston, Vice President, Energy & Utilities, IFS, said: “Utilities are navigating an increasingly complex operating environment — from workforce constraints to extreme weather and grid modernization, with increasingly high customer expectations. Our intense attention to this area reflects both our heritage in Utilities FSM and our commitment to evolving alongside our customers with modern, practical innovation. Nobody understands the utilities market like IFS, and it’s this industry-specific application of AI that is enabling the Utility providers we work with to radically improve efficiencies and deliver better moments of service to their own customers.” 

Kriti Sharma, CEO of IFS Nexus Black, said: “Our approach is simple: listen closely to our utility customers, innovate quickly where it matters most, and deliver solutions that perform under real-world conditions – fast. This is AI designed for the workers who restore power in treacherous conditions, who scale transmission poles after disasters, and who keep critical infrastructure running 24/7. When lives are on the line, safe, reliable AI isn’t optional – it’s everything.” 

Experience Resolve for Utilities at DISTRIBUTECH® International 2026, booth #6025: IFS is demonstrating how Resolve for Utilities translates into real-world outcomes – from everyday field service execution to large-scale emergency response in the wake of floods, storms, and fires. Attendees are invited to engage with IFS product and industry experts to learn more about the future of Utilities FSM. 

Learn more: IFS Nexus Black (Opens in a new tab)

* Only vendor named Customers’ Choice for 2025 Field Service Management category on Gartner® Peer Insights™ 

** Gartner, “Market Guide for Enterprise Asset Management Software”, Kristian Steenstrup, Nicole Foust, 24 July 2024 

CONTACT:

IFS Press Contacts:
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: adam.gillbe@ifs.com

NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: mairi.morgan@ifs.com 

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

KHUFU’S IN EGYPT NAMED NO.1 AT MIDDLE EAST & NORTH AFRICA’S 50 BEST RESTAURANTS 2026

ABU DHABI, United Arab Emirates, Feb. 4, 2026 /PRNewswire/ — Khufu’s in Giza, Egypt, has been crowned The Best Restaurant in the Middle East & North Africa 2026, sponsored by S.Pellegrino & Acqua Panna, following the awards ceremony for the fifth edition of Middle East & North Africa’s 50 Best Restaurants 2026, held at Emirates Palace Mandarin Oriental, Abu Dhabi. The list features restaurants from 14 cities across the region, including Marrakech, Beirut, Doha, Casablanca and Amman, with 16 new entries making a debut this year.

Khufu’s in Giza, Egypt, takes the No.1 spot in Middle East & North Africa’s 50 Best Restaurants 2026, sponsored by S.Pellegrino & Acqua Panna
Khufu’s in Giza, Egypt, takes the No.1 spot in Middle East & North Africa’s 50 Best Restaurants 2026, sponsored by S.Pellegrino & Acqua Panna

For the full 1-50 list, click here.

Founded on a deep respect for Egyptian culinary heritage, Khufu’s celebrates the flavours of the Nile Valley through refined modern interpretation. Set in the shadow of the Great Pyramids, it delivers a dining experience that blends contemporary Egyptian gastronomy with one of the world’s most iconic locations.

Three Dubai-based restaurants follow with Kinoya (No.2)Trèsind Studio (No.3) and Orfali Bros (No.4); the latter having previously maintained the No.1 position for three consecutive years. Beihouse in Beirut (No.5) completes the top five and wins the Highest New Entry Award

Among the special awards winners, Reif Kushiyaki Cairo (No.20) claims the Highest Climber Award after rising 27 places. Sara Aqel of Dara Dining by Sara Aqel (No.30) is named MENA’s Best Female Chef, sponsored by Elle & Vire Professionnel, while Omar and Wassim Orfali take home the MENA’s Best Pastry Chef Award, sponsored by Valrhona. Salam Dakkak of Sufret Maryam (No.7) and Bait Maryam wins the Sevenrooms Icon Award. Himanshu Saini from Trèsind Studio (No.3) earns the Estrella Damm 0.0% Chefs’ Choice Award and Farmers (No.49) receives the Sustainable Restaurant Award, sponsored by illy.

Three special award winners were also announced ahead of the awards ceremony. Muna Haddad, founder of Baraka Destinations, received the Champions of Change Award for her community-driven approach to hospitality and tourism in Jordan. La Grande Table Marocaine (No.19) at Royal Mansour Marrakech won the Art of Hospitality Award, acknowledging its dedication to Moroccan fine dining. Dubai’s Middle Child was presented with the One To Watch Award for its potential to break into future lists of MENA’s 50 Best Restaurants.

The list is compiled by the MENA’s 50 Best Restaurants Academy, comprised of 250 independent experts across the region. Please find more details here.

Media Centre: https://mediacentre.theworlds50best.com

PDF – https://mma.prnewswire.com/media/2872087/50_Best.pdf

 

 

Blockchain.com & Ondo Finance Launch Onchain Tokenized U.S. Stocks Across Europe

In partnership with Ondo Global Markets, NYSE-listed equities and ETFs are now accessible to millions of eligible users across Europe directly via the Blockchain.com wallet

LONDON and NEW YORK, Feb. 4, 2026 /PRNewswire/ — Blockchain.com and Ondo Finance today announced an expansion of their partnership to offer real-world assets (RWAs) onchain to the European market. Eligible users across Europe can now gain direct access to regulated, tokenized U.S. stocks and ETFs seamlessly within the Blockchain.com DeFi wallet.

Last year, through its DeFi wallet, Blockchain.com and Ondo Global Markets introduced over 200 tokenized stocks and ETFs to users in Africa and South America, offering onchain exposure to some of the most recognizable companies.

“By bringing U.S. equities onchain for our European users, we are providing self-custody solutions through our DeFi wallet that are faster, more efficient and completely self-owned that remain unmatched by traditional banks,” said Peter Smith, CEO, Founder and Executive Chairman at Blockchain.com. “Building on our momentum in Africa and South America through this partnership with Ondo, we are making a more inclusive and secure financial system a reality for millions across Europe and beyond.”

Since its launch in September 2025, Ondo Global Markets has seen explosive growth, reflecting the surging demand for institutional-grade assets on the blockchain. With a total value locked (TVL) surpassing $556 million and trading volume exceeding $8.7 billion, the platform is a dominant force in the Real World Asset (RWA) sector.

“Extending availability to users across the EEA through the Blockchain.com DeFi wallet allows Ondo tokenized stocks and ETFs to reach a previously unavailable segment of the platform’s global user base,” said Ian De Bode, President at Ondo Finance. “We look forward to seeing how this expansion supports adoption as we continue to drive tokenization across global markets.”

This announcement marks a significant shift for European investors who can now access institutional-grade assets with the ease of a digital wallet, including:

  • Users across 30 EEA states can now buy, sell, and hold over 200 tokenized U.S. stocks and ETFs via the DeFi wallet.
  • Assets are managed directly within the familiar Blockchain.com Wallet interface, removing the friction of traditional brokerage accounts.
  • Amid strong performance in precious metals markets, Ondo Global markets offers onchain access to tokenized precious metals ETFs, including SLVon (Silver) and IAUon (Gold), enabling commodities exposure within its existing tokenized ETF lineup.

About Blockchain.com
Blockchain.com is connecting the world to the future of finance. The global leader in crypto services helping millions across the globe safely access cryptocurrency. Since its inception in 2011, Blockchain.com has earned the trust of more than 90 million wallets and over 40 million verified users, and has facilitated over $1.2 trillion in crypto transactions. Visit Blockchain.com for more information.

About Ondo Finance:
Ondo Finance is a blockchain-based platform focused on tokenizing real-world assets and bringing institutional-quality financial products on-chain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient.

Media Contact: press@blockchain.com

Role of CathWorks FFRangio for the Assessment of Coronary Artery Disease Now Reinforced by SCAI Expert Opinion

NEWPORT BEACH, Calif., Feb. 4, 2026 /PRNewswire/ — CathWorks, a global leader in digital health innovations, announced that the Society for Cardiovascular Angiography & Interventions (SCAI) published an expert opinion discussing the expanding role of angiography-derived physiology (ADP), a wire-free method for coronary physiologic assessment. By applying different principles, in some cases in conjunction with artificial intelligence (AI), ADP provides physiologic insights from routine angiograms, representing a paradigm shift in the catheterization lab.

Role of CathWorks FFRangio for the Assessment of Coronary Artery Disease Now Reinforced by SCAI Expert Opinion
Role of CathWorks FFRangio for the Assessment of Coronary Artery Disease Now Reinforced by SCAI Expert Opinion

The expert opinion focused on the technological differences between current FDA-approved ADP technologies and their peer-reviewed validation and outcomes studies. The CathWorks FFRangio® System is a unique ADP that combines AI and advanced computational science to obtain physiologic information from three routine angiograms leveraging a resistance-based computational approach. “FFRangio is the only technology that provides multivessel FFR values across the entire coronary tree, including side branches. It also offers a simulated pullback to differentiate functional disease and supports PCI planning, which is more limited in other systems,” as stated in the expert opinion.

CathWorks FFRangio has demonstrated excellent diagnostic accuracy and promising clinical outcomes while eliminating the drawbacks associated with traditional physiology including the need for an invasive pressure wire, anticoagulation or hyperemic agents. In a pooled analysis of five prospective studies including the FAST-FFR pivotal study, CathWorks FFRangio demonstrated an excellent diagnostic accuracy of 93%.1 CathWorks FFRangio has also shown comparable one-year major adverse cardiac event (MACE) rates to invasive FFR in both real-world registries2-3 and the PROVISION randomized controlled trial (RCT) that included 400 patients.4

The SCAI expert opinion clearly outlines that ADP systems vary widely between imaging requirements, workflow integration and computational approaches and that clinical data should be interpreted in the context of platform-specific validation. The published document highlights that CathWorks FFRangio is the only FDA-approved ADP platform that:

  • Provides comprehensive multi-vessel coronary physiology and a suite of PCI planning tools
  • Demonstrated excellent diagnostic accuracy consistently across multiple peer-reviewed validation studies1
  • Showed comparable clinical outcomes to invasive FFR at one year in both real-world registries2-3 and a RCT4

“With the rapidly expanding clinical evidence base for CathWorks FFRangio, we look forward to the U.S. and European guidelines incorporating peer-reviewed evidence-based technology specific recommendations that will broaden adoption of physiology overall, ultimately optimizing procedural decision-making and improving patient outcomes,” said Ramin Mousavi, President and CEO of CathWorks.

ARTICLE URL: https://www.jscai.org/article/S2772-9303(25)01602-3/fulltext

  1. Witberg G et al. Diagnostic performance of angiogram-derived fractional flow reserve: a pooled analysis of 5 retrospective cohort studies. J Am Coll Cardiol Intv. 2020;13(4):488-97.
  2. Witberg G et al. Mid-term clinical outcomes of FFRangio guided treatment for coronary artery disease: insights from an international multicentre registry. Cardiovasc Revasc Med. 2026;23:S1533-8389(26)00013-8.
  3. Sara JDS et al. Clinical implementation of FFRangio for resvascularization guidance: multicenter U.S. experience, as presented at TCT 2025.
  4. Tanigaki T et al. Prospective randomized clinical outcomes of angiography-based fractional flow reserve guidance versus wire-based fractional flow reserve, PROVISION Trial, as presented at EuroPCR 2025. UMIN clinical registry ID: UMIN000049230.

ABOUT CATHWORKS

CathWorks is the leader in digital health innovations that can improve the lives of patients globally. The CathWorks FFRangio® System combines artificial intelligence and advanced computational science, transforming how cardiovascular disease is diagnosed and treated. The FFRangio System obtains physiologic information from routine angiograms, eliminating the need for drug stimulation and invasive pressure wires. It provides physicians with quick and reliable intraprocedural FFRangio values for the entire coronary tree. For more information on CathWorks, visit www.cath.works and follow @CathWorks on LinkedIn

Investors:
Mike Feher
mike.feher@cath.works

Media:
Sarita Monico
sarita.monico@cath.works

 

 

/DISREGARD RELEASE: EverMind/

We are advised by EverMind that journalists and other readers should disregard the news release, End the Agentic Amnesia: EverMind Launches EverMemOS Cloud and Kicks Off “Memory Genesis 2026” Global Developer Hackathon Supported by OpenAI, issued 03-Feb-2026 over PR Newswire.

TECNIMONT (MAIRE) AND BAKER HUGHES TO COLLABORATE ON LNG INITIATIVES GLOBALLY

  • Memorandum of Understanding signed to collaborate on prospective modularized, scalable LNG projects

MILAN, Feb. 4, 2026 /PRNewswire/ — MAIRE (MAIRE.MI) announces that TECNIMONT (Integrated E&C Solutions) and Baker Hughes, an energy technology company, have signed a non-exclusive Memorandum of Understanding (MoU) to explore cooperation opportunities on prospective modularized, scalable liquefied natural gas (LNG) projects worldwide.

MAIRE
MAIRE

Under the MoU, the two companies will jointly evaluate participation in some future LNG tenders that incorporate Baker Hughes’ NMBL™ LNG modular solution for liquefaction projects. The agreement provides a structured framework to assess project requirements, scopes of work, and determine the most suitable cooperation model.

This coordinated approach to provide next‑generation LNG solutions builds on TECNIMONT’s long‑standing expertise in executing complex EPC projects across the energy value chain and Baker Hughes’s advanced solutions for gas liquefaction and power generation.

In a global context where LNG continues to play a central role in the energy scenario, displacing coal and providing a lower carbon energy source, modular and scalable solutions are expected to become increasingly important, providing flexibility and faster time to market. The collaboration aims to respond to growing demand for flexible, efficient, and lower‑carbon LNG infrastructure that supports both energy security and decarbonization pathways.

Alessandro Bernini, CEO of MAIRE, commented: This agreement represents another important step in our strategy to support the evolution of global gas value chains with high‑efficiency, modular solutions. By combining Tecnimont’s EPC leadership with Baker Hughes’ cutting‑edge liquefaction solutions, we are positioning ourselves to meet growing demand for flexible LNG capacity that supports security of supply and a more sustainable energy system”.

MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide Integrated E&C Solutions for the downstream market and Sustainable Technology Solutions through three business lines: Sustainable Fertilizers & Nitrogen-Based Fuels, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 50 countries, MAIRE employs approximately 10,500 people, supported by around 50,000 professionals involved in its projects worldwide. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”). For further information: www.groupmaire.com.

President of Latvia Visits Delska’s New Data Center – One of the Most Sustainable in the Baltics

RIGA, Latvia, Feb. 4, 2026 /PRNewswire/ — The President of Latvia, Edgars Rinkevics, visited Delska’s commissioned 10 MW data center in Riga on February 3, ahead of its official launch. Delska CEO Andris Gailitis and CTO Rihards Kaletovs presented the facility and discussed its role in supporting artificial intelligence (AI) and high-performance computing (HPC) workloads, as well as European digital sovereignty.

President of Latvia visits Delska new 10 MW data center in Riga, one of the most sustainable in the Baltic countries and tailored for AI & HPC needs. Photo source: Chancery of the President of Latvia.
President of Latvia visits Delska new 10 MW data center in Riga, one of the most sustainable in the Baltic countries and tailored for AI & HPC needs. Photo source: Chancery of the President of Latvia.

“Data centers located in Latvia are essential for the development of technology companies and for the country’s digital resilience. Therefore, it is important for the state to recognize not only the challenges but also the opportunities offered by data center service providers in strengthening Latvia’s competitiveness. What we have seen and discussed with the company’s representatives today demonstrates that the company has taken a forward-looking approach in planning the capacity of the new data center and developing a sustainable and energy-efficient infrastructure to ensure uninterrupted service provision for its clients,” said President Rinkevics after the meeting.

Already recognized by professionals and prospective customers, the facility is one of the most advanced data centers in the Baltics. The 7,100-square-meter modular site supports up to 250 kW of rack capacity and is designed for long-term growth, with secured grid power and the ability to expand up to 30 MW on acquired land.

Gailitis outlined global trends shaping the data center sector, including rapid adoption of AI and rising pressure on power availability in Europe’s established hubs. With capacity constraints, companies are relocating infrastructure to regions with energy access and room to scale. In this context, the Baltic states’ growing competitiveness as data center locations was highlighted. The new Delska facility, developed with an investment exceeding 30 million euros, demonstrates strong export potential and its ability to attract international customers.

Sustainability was a central theme of the visit. The data center is powered entirely by renewable energy from Northern European wind farms, solar parks, and hydroelectricity, likewise all Delska facilities in Latvia and Lithuania. Backup generators run on Neste MY Renewable Diesel, while electricity generated during maintenance will be redirected to consumers to reduce waste. Delska is in discussions with Riga’s municipal heating company on waste heat reuse to supply residential buildings.

Built to achieve power usage effectiveness below 1.3, the facility uses hot-aisle containment, advanced free-cooling solutions, Weiss Technik Vindur® CoolW@ll systems, and Trane chillers. It supports both air and direct-to-chip liquid cooling for high-density GPU workloads.

The data center is Uptime Institute Tier III Design certified and is scheduled for Tier III Facility Certification in March. The official opening event for EU North Riga LV DC1 is scheduled for April 8.

About Delska

Delska is one of the leading data centers operators in the Baltic region, with 26+ years of experience in IT and network infrastructure. The company provides cloud, server rental, colocation, network, security, and managed services, and operates 19 MW facilities in Latvia and Lithuania.