October 16, 2026
AMG Packaging & Paper Company Limited (AMG)
Unaudited financials for the twelve months ended August 31, 2026:
AMG Packaging & Paper Company Limited (AMG) for the twelve months ended August 31, 2026 reported a 10% decrease in Turnover totalling $871.75 million compared to $973.40 million in the corresponding period last year. Turnover for the fourth quarter increased by 7% to $223.28 million compared to $209.54 million for the comparable quarter of 2025.
Total Manufacturing Costs amounted to $594.77 million (2025: $629.01 million), representing a decrease of 5% year over year. Cost of Inventories decreased by 5% to $396.78 million from $417.85 million, while Direct Costs declined by 6% to $197.99 million from $211.16 million. Consequently, Gross Profit decreased by 20% to $276.98 million compared to $344.39 million for the twelve months ended August 31, 2025. Gross Profit for the fourth quarter increased by 5% to $73.44 million compared to $69.90 million in the corresponding quarter of 2025.
Administrative Expenses increased by 6% to $179.31 million from $169.49 million in 2025, while Depreciation increased by 6% to $47.59 million from $44.82 million. Directors’ Fees remained unchanged at $9.92 million. As a result, Total Expenses for the twelve months ended August 31, 2026 amounted to $236.81 million, representing a 6% increase relative to $224.22 million reported in 2025.
Operating Profit for the twelve months ended August 31, 2026 amounted to $40.17 million, representing a 67% decrease from $120.17 million reported in 2025. For the fourth quarter, Operating Profit decreased by 32% to $13.84 million compared to $20.26 million in the corresponding quarter of 2025.
Finance Costs decreased by 9% to $4.91 million from $5.39 million in the prior year, while Other Income declined by 5% to $13.90 million from $14.59 million. The prior-year period also included a $4.20 million gain on the Disposal of Fixed Assets, while no such gain was recorded in 2026.
Net Income Before Tax for the twelve months ended August 31, 2026 amounted to $49.16 million, representing a 63% decrease from $133.57 million reported in 2025. For the fourth quarter, Net Income Before Tax decreased by 27% to $15.83 million compared to $21.78 million in the corresponding quarter of 2025.
Income Tax decreased by 68% to $12.29 million compared to $38.23 million in 2025. Consequently, Net Income After Tax for the twelve months amounted to $36.87 million, representing a 61% decrease from $95.35 million reported in the prior year. For the fourth quarter, Net Income After Tax decreased by 28% to $11.76 million compared to $16.34 million in the corresponding quarter of 2025.
Consequently, Earnings Per Share for the twelve months amounted to $0.07 compared to $0.19 in 2025, while Earnings Per Share for the fourth quarter amounted to $0.02 compared to $0.03 for the corresponding quarter of 2025. The twelve-month trailing EPS was approximately $0.07, and the number of shares used in these calculations was 511,894,285.
Notably, AMG’s stock price closed the trading period on October 15, 2026 at $1.77, with a corresponding P/E ratio of approximately 24.57x.
Balance Sheet Highlights
The company’s Total Assets amounted to $1.61 billion at August 31, 2026, representing a 4% decrease from $1.69 billion in 2025. The decline was mainly driven by Cash and Cash Equivalents, which fell to $316.17 million from $419.77 million. Property, Plant and Equipment also decreased to $890.59 million from $910.55 million, while Inventories declined slightly to $232.50 million from $238.67 million.
Shareholders’ Equity increased to $1.50 billion from $1.46 billion in 2025, supported by higher Retained Earnings of $793.61 million compared to $756.73 million representing a book value per share of approximately $2.93 compared to $2.86 in the prior year.
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