Ardagh Metal Packaging (AMP) posted a $5m loss in the first quarter (Q1) of 2026, unchanged from the year-earlier period.

The company posted Q1 revenue of $1.5bn, up 19% from $1.26bn a year ago.

Adjusted EBITDA [earnings before interest, taxes, depreciation, and amortisation] came in at $179m for the three months to 31 March 2026, an increase of 15% from $155m in the same period last year.

In the Americas, revenue rose to $879m from $740m, an increase of $139m or 19% on both a reported and constant currency basis.

In Europe, revenue increased to $625m from $528m.

Global beverage can shipments were down 1% from the prior-year quarter.

That reflected a 2% decline in the Americas, with a 5% drop in North America partly offset by 14% growth in Brazil, and a 1% decline in Europe.

During the quarter, the company refinanced its asset-based lending facility, raising it to $450m and extending the maturity to January 2031.

AMP kept its 2026 adjusted EBITDA guidance unchanged at $750m to $775m for the full year, alongside modest global shipment growth.

For the second quarter, adjusted EBITDA is expected in a range of $210m to $220m.

Commenting on the outlook, AMP CEO Oliver Graham said: “We reaffirm our full year adjusted EBITDA guidance for 2026 despite macro-economic and geopolitical uncertainty - and the associated increases in certain input costs - and we continue to anticipate moderate global shipments growth.

“AMP's guidance is supported by our first quarter outperformance, our robust contractual cost pass-through mechanisms, energy hedging arrangements, and volume outlook, all of which help mitigate the potential impact of higher commodity prices."