Ardagh Metal Packaging Q4 Earnings Call Highlights: Strong Performance Driven by Shipment Growth, Favorable Mix, and Cost Control.

Ardagh Metal Packaging reported a 10% YoY increase in adjusted EBITDA for 2025, exceeding guidance, driven by over 3% shipment growth, favorable mix, and cost control. Q4 adj. EBITDA was $166 million, while the full-year figure was $739 million. The company ended the year with $964 million of liquidity and maintained a quarterly dividend of $0.10 per share. For 2026, management guided adj. EBITDA of $750-$775 million and called it a "transition year" with a small volume decline in North America before recovery in 2027.