Ardagh Group has reported its first quarter earnings to March 31, 2025.
First quarter 2025 revenues of USD 2.2 billion represented a 3 percent increase compared with the same period last year. Adjusted EBITDA for the quarter increased by 14 percent to USD 290 million compared with the same period last year, with growth in both Glass Packaging and Metal Packaging. Adjusted EBITDA in Metal Packaging increased by 16 percent to USD 155 million for the quarter, with an increase of 13 percent to USD 135 million in Glass Packaging.
Group cash and available liquidity at March 31, 2025 of over USD 1.1 billion, after the customary seasonal first quarter working capital outflow, represented an increase on the USD 970 million reported at March 31, 2024.
As outlined on April 7, the Group’s capital structure review is ongoing, and it continues to engage in constructive discussions with noteholders regarding the terms of a potential transaction to put in place a sustainable capital structure.
The Group’s first quarter 2025 financial results can be found here.