Amcor plc

Worth knowing

• Stock pay outran buybacks. Stock-based pay expense $189M vs $31M spent repurchasing shares over the 3 fiscal years to FY Jun 2026.

  Over three fiscal years Amcor recorded $189M of stock-based pay expense and spent $31M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Amcor recorded $189M of stock-based pay expense and spent $31M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

• Borrowing rising faster than profit. Since FY Jun 2023: debt +108%, operating profit +26%.

  Amcor's debt grew 108% since FY Jun 2023 while operating profit changed +26%.

• Sales growing faster than profits. Since FY Jun 2023: revenue +60%, operating profit +26%.

  Since FY Jun 2023, Amcor's revenue changed +60% but operating profit only +26%: costs are rising faster than sales.

• Profit is backed by cash. Free cash flow is 111% of reported profit.

  Amcor's free cash flow is 111% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.