January 15, 2026
AMG Packaging & Paper Company Limited (AMG)
Unaudited Financial Results for the First Quarter Ended November 30, 2025
AMG Packaging & Paper Company Limited (AMG) for the first quarter ended November 30, 2025, reported a 11% decrease in revenue totalling $223.75 million compared to $252.64 million in the corresponding three months last year.
Total manufacturing costs amounted to $145.73 million, representing a 12% year-over-year reduction from $166.11 million in 2024. As a result, gross profit declined by 10% to $78.02 million, down from $86.53 million for the first quarter ended November 30, 2024.
Administrative expenses increased by 20% to $43.73 million, compared to $36.46 million in the prior year. Depreciation expense decreased by 5%, falling from $12.69 million in 2024 to $12.09 million for the quarter. Consequently, total expenses for the first quarter amounted to $59.16 million, reflecting a 13% increase from $52.54 million reported in 2024.
Operating profit for the three-month period totaled $18.86 million, representing a 45% decline from $33.99 million in the prior year. Other income increased by 49% to $3.29 million, compared to $2.21 million in the corresponding period of 2024.
Profit before taxation for the quarter amounted to $22.15 million, a 39% decrease relative to $36.20 million reported in 2024. The taxation charge declined by 51% to $5.54 million, compared to $11.36 million in the prior year. As a result, net profit for the three-month period stood at $16.62 million, representing a 33% decrease from $24.84 million reported in 2024.
Consequently, Earnings per share for the three months amounted to $0.03 (2024: EPS: $0.05). The twelve-month trailing EPS was $0.17, and the number of shares used in these calculations was 511,894,285.
Notably, AMG’s stock price closed the trading period on January 15, 2026, at a price of $2.52 with a corresponding P/E ratio of 14.81x.
Balance Sheet Highlights
Total assets amounted to $1.75 billion, marginally lower than $1.76 billion in 2024. This decline was primarily attributable to lower property, plant, and equipment balances, which stood at $898.88 million, compared to $999.71 million in the prior year.
Shareholders’ equity totaled $1.48 billion, down from $1.52 billion in 2024, translating to a book value per share of $2.89, compared to $2.98 in the previous year.
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