July 17, 2025
AMG Packaging & Paper Company Limited (AMG)
Unaudited Financials for the Nine Months Ended May 31, 2025:
AMG Packaging & Paper Company Limited (AMG), for the nine months ended May 31, 2025, reported a minimal decrease in revenue, totaling $763.87 million compared to $764.93 million in the corresponding period last year. Revenue for the third quarter recorded an 8% increase, closing at $262.91 million compared to $242.43 million for the comparable quarter of 2024.
Total manufacturing costs amounted to $501.83 million (2024: $469.34 million), representing a 7% year-over-year increase. Consequently, gross profit decreased by 11% to $262.04 million compared to $295.59 million for the nine months ended May 31, 2024. The company booked gross profit of $96.27 million for the third quarter versus $98.14 million reported for the similar quarter of 2024.
Administrative expenses increased by 20% to close at $117.35 million (2024: $97.69 million), while depreciation decreased by 7%, from $39.52 million in 2024 to $36.88 million in the period under review. As a result, total expenses for the nine months ended May 31, 2025, amounted to $158.77 million, a 7% increase relative to the $148.72 million reported in 2024.
Operating profit for the nine months ended May 31, 2025, amounted to $103.27 million, a 30% decrease relative to $146.87 million reported in 2024. Operating profit for the third quarter amounted to $46.89 million (2024: $51.35 million). Other income totaled $8.38 million, a 12% decrease from the corresponding period last year (2024: $9.58 million).
Pretax profit for the nine months ended May 31, 2025, amounted to $111.66 million, a 29% decrease relative to $156.45 million reported in 2024. Pretax profit for the third quarter amounted to $49.82 million (2024: $56.28 million).
The taxation charge for the nine months ended May 31, 2025, decreased by 25% to $30.00 million (2024: $39.89 million). Net profit for the nine months amounted to $81.65 million, a 30% decrease from the $116.56 million reported in 2024. For the third quarter, net profit was $38.01 million (2024: $44.52 million).
Consequently, earnings per share for the nine months amounted to $0.16 (2024: EPS: $0.23), while earnings per share for the quarter totaled $0.07 (2024: EPS: $0.09). The twelve-month trailing EPS was $0.20, and the number of shares used in these calculations was 511,894,285.
Notably, AMG’s stock price closed the trading period on July 16, 2025, at $2.33, with a corresponding P/E ratio of 11.76x.
Balance Sheet Highlights
The company’s assets totaled $1.76 billion (2024: $1.68 billion). This increase was attributable to cash and cash equivalents, which amounted to $394.20 million (2024: $307.04 million).
Shareholders’ equity was $1.52 billion (2024: $1.34 billion), representing a book value per share of $2.98 (2024: $2.61).
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