Global packaging company Ardagh Group posted higher revenue in the third quarter (Q3) of 2025, though its net loss deepened over large exceptional charges.
The company generated revenues of $2.5bn for the quarter ended 30 September 2025, up from $2.39bn in the same period of 2024.
This was supported by growth in metal packaging operations in Europe and the Americas and a small uplift in glass packaging in Europe and Africa.
Group adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) climbed 9% to $394m, helped by reduced operating expenses, favourable volume and product mix, and a $10m boost from currency movements.
The company’s loss before tax deepened to $335m, over exceptional costs associated with the recapitalisation process.
By segment, Metal Packaging Europe revenue rose 9% to $625m, while Metal Packaging Americas climbed 8% to $803m, reflecting favourable mix and the pass-through of higher input costs.
Glass Packaging Europe & Africa achieved a 1% increase to $709m while Glass Packaging North America declined 2% to $367m following earlier footprint changes.
Adjusted EBITDA improved in all four divisions.
For the nine months to 30 September, Group revenue reached $7.21bn, up from $6.90bn a year earlier.
Adjusted EBITDA grew 7% to $1.07bn, while the net loss for the period totalled $535m.
Ardagh closed the quarter with $679m in cash, cash equivalents and restricted cash, plus $386m of undrawn credit facilities as well as net debt of $10.49bn.
The company expects its cash resources, cash generation and facilities to provide sufficient liquidity for at least the next 12 months.
Ardagh Group also announced that John Sheehan will step down as group chief financial officer at the end of the financial year 2025/26, in line with the intention he communicated to the board earlier in 2025.
The process to appoint his successor is under way, and a further announcement will be made in due course.
Sheehan stated: "I believe Ardagh is well-positioned for its next phase, with a recapitalised balance sheet [and] strong market positions and I wish my colleagues and the new owners of the business every success for the future."
