What Amcor plc told the SEC could break it.

Major raw materials are polymer resins/films, paper, linerboard, aluminum, inks, solvents, adhesives and chemicals; a 1% average price rise (before contractual pass-through) would have raised cost of sales by ~$97M in FY2025.

“A hypothetical but reasonably possible 1% increase on average prices for polymer resins and films, inks, solvents, adhesives, aluminum, linerboard, paper and chemicals, not passed on to the customer by way of a price adjustment, would have resulted in an increase in cost of sales and hence an adverse impact on income before income taxes and equity in income/(loss) of affiliated companies of approximately $97 million for fiscal year 2025 before any contractual pass-through to selling price.”

Emerging ESG and climate-related regulations targeting Amcor's products, operations and sourcing (notably plastic packaging) may raise compliance costs and could disadvantage Amcor versus competitors with lower ESG commitments.

“ESG Regulations — Changing and emerging ESG government regulations, including climate-related rules, may adversely affect our company. Numerous ESG-related legislative and regulatory initiatives, including those related to our products, operations, and sourcing activities, have been passed and are likely to continue to be introduced in the various jurisdictions in which we operate.”