October 15, 2025
AMG Packaging & Paper Company Limited (AMG)
Unaudited Financial Results for the Twelve Months Ended August 31, 2025
AMG Packaging & Paper Company Limited (AMG) reported a 3% decrease in revenue, totaling $973.40 million, compared to $999.65 million for the corresponding period last year. Revenue for the fourth quarter declined by 11%, closing at $209.54 million compared to $234.72 million for the comparable quarter of 2024.
Total Manufacturing Costs amounted to $641.39 million (2024: $616.04 million), representing a 4% year-over-year increase. Consequently, gross profit decreased by 13% to $332.01 million, compared to $383.61 million for the twelve months ended August 31, 2024. The company recorded a gross profit of $69.91 million for the fourth quarter, versus $95.25 million reported for the corresponding quarter of 2024.
Administrative expenses increased by 10% to $156.29 million (2024: $142.28 million), while depreciation decreased by 16%, from $53.09 million in 2024 to $44.82 million in the period under review. As a result, total expenses for the twelve months ended August 31, 2025, amounted to $210.15 million, a slight increase relative to $209.58 million reported in 2024.
Operating profit for the twelve months ended August 31, 2025, amounted to $121.86 million, representing a 30% decrease relative to $174.03 million reported in 2024. Operating profit for the fourth quarter amounted to $18.53 million (2024: $48.66 million). Other income totaled $11.56 million, a 30% decrease compared to $16.61 million in the corresponding period of the prior year.
Profit before taxation for the twelve months ended August 31, 2025, amounted to $133.42 million, a 30% decrease relative to $190.65 million reported in 2024. Profit before taxation for the fourth quarter was $21.70 million (2024: $53.14 million).
Taxation for the twelve months ended August 31, 2025, declined by 31% to $37.45 million (2024: $54.34 million). Net profit for the twelve months amounted to $95.98 million, a 30% decrease from $136.31 million reported in 2024. For the fourth quarter, net profit was $2.45 million (2024: $38.69 million).
Consequently, earnings per share (EPS) for the twelve months amounted to $0.19 (2024: $0.27), while EPS for the quarter totaled $0.005 (2024: $0.08). The twelve-month trailing EPS was $0.19, based on 511,894,285 shares outstanding.
Notably, AMG’s stock price closed the trading period on October 15, 2025, at $2.23, reflecting a corresponding P/E ratio of 11.89x.
Balance Sheet Highlights
The company’s total assets amounted to $1.68 billion (2024: $1.77 billion). This decrease was primarily attributable to a reduction in property, plant and equipment, which totaled $910.55 million (2024: $1.01 billion).
Shareholders’ equity stood at $1.46 billion (2024: $1.49 billion), representing a book value per share of $2.86 (2024: $2.92).
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