Amcor, a global leader in packaging solutions, has recently completed a merger with Berry Global Group Inc., resulting in significant changes to its financial metrics. The unaudited pro forma condensed combined statement of income for the fiscal year ended June 30, 2025, reflects the impact of the merger and related financing transactions.
Net sales for Amcor and Berry combined amounted to $23.242 billion, with Amcor contributing $15.009 billion and Berry adding $8.233 billion. The cost of sales for the combined entity totaled $18.779 billion, resulting in a gross profit of $4.463 billion.
Operating income for the combined entity stood at $1.397 billion, with Amcor contributing $1.009 billion and Berry adding $693 million. After accounting for interest expenses and other non-operating income/(expenses), the combined entity reported a net income of $567 million.
Following the merger, Amcor's net income attributable to the company amounted to $560 million. Earnings per share for the combined entity were reported at $0.35.
The merger also involved the issuance of unsecured notes by Amcor for debt financing and the repayment of certain of Berry’s outstanding indebtedness. As part of the merger, Berry’s historical financial results for its Specialty Tapes business were recast to show its Health, Hygiene and Specialties Global Nonwovens and Films business as a discontinued operation.
The pro forma adjustments were made based on available information and methodologies that are factually supportable and directly attributable to the various transactions. Amcor has performed an accounting policy review and is not aware of any material differences between its accounting policies and those of Berry that would continue to exist after the application of acquisition accounting.
The pro forma financial statement is presented for illustrative purposes only and does not represent Amcor’s actual consolidated statement of income had the transactions been consummated on the assumed date. However, it provides valuable insights into the financial aspects of the merger and the combined company's financial performance.
This merger signifies a significant transformation for Amcor, with the combined entity poised to leverage the strengths of both companies to drive future growth and operational synergies. Following these announcements, the company's shares moved 0.3%, and are now trading at a price of $8.215. For more information, read the company's full 8-K submission here.
