April 14, 2026
AMG Packaging & Paper Company Limited (AMG)
Unaudited financials for the six months ended February 28, 2026:
AMG Packaging & Paper Company Limited (AMG) for the six months ended February 28, 2026, reported a 17% decrease in Revenue totalling $414.59 million compared to $500.95 million in the corresponding period last year. Revenue for the second quarter had a 23% decrease to close at $190.84 million compared to $248.32 million for the comparable quarter of 2025.
AMG highlighted, “For the period in review, equipment downtime increased because of mechanical issues and lost production time associated with the installation and commissioning of the Glue Station and Single Facer on the Corrugator. This weighed heavily on us not being able to complete customer orders during the period. As stated before, the upgrading of the Corrugator will allow for better efficiency and improved quality.”
Total Manufacturing Costs amounted to $275.77 million (2025: $335.13 million), this represents a decrease of 18% year over year. Consequently, gross profit decreased by 16% to $138.82 million compared to $165.82 million for the six months ended February 28, 2025. The company booked gross profit of $60.80 million for the second quarter versus $79.24 million reported for the similar quarter of 2025.
Administrative expenses increased by 6% to close at $87.52 million (2025: $82.41 million), while Depreciation costs decreased by 4% from $25.08 million in 2025 to $24.06 million in the period under review. As a result, total expenses for the six months ended February 28, 2026, amounted to $117.61 million, a 4% increase relative to $113.59 million reported in 2025.
Operating Profit for the six months ended February 28, 2026, amounted to $21.22 million, a 59% decrease relative to $52.23 million reported in 2025. Operating Profit for the second quarter amounted to $2.36 million (2025: $22.40 million).
Other income totalled $7.21 million a 25% decrease from the corresponding period last year. (2025: $9.65 million).
Pretax profit for the six months ended February 28, 2026, amounted to $28.43 million, a 54% decrease relative to $61.88 million reported in 2025. Pretax profit for the second quarter amounted to $6.28 million (2025: $25.59 million).
Taxation for the six months ended February 28, 2026, had a 56% decrease to reach $8.03 million (2025: $18.20 million). As such, Net Profit for the six months amounted to $20.40 million, a 53% decrease from the $43.69 million reported in 2025. For the second quarter, Net Profit was $3.79 million (2025: $18.76 million).
Consequently, Earnings per share for the six months amounted to $0.04 (2025: EPS: $0.09), while Earnings per share for the quarter totaled $0.01 (2025: EPS: $0.04). The twelve-month trailing EPS was $0.14 and the number of shares used in these calculations was 511,894,285.
Notably, AMG’s stock price closed the trading period on April 13, 2026, at a price of $2.14 with a corresponding P/E ratio of 15.20x.
Balance Sheet Highlights
The company’s assets totalled $1.68 billion (2025: $1.70 billion).
Shareholder’s equity was $1.48 billion (2025: $1.49 billion), representing a book value per share of $2.90 (2025: $2.90).
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