Amcor (AMCR) risk factors, FY2025 10-K

Risks Relating to the Merger of Amcor and Berry

1. 01Successful Integration — The combined company may be unable to successfully integrate the businesses of Amcor and Berry in the expected time frame or at all
2. 02Substantial Merger Costs — We have incurred, and expect to continue to incur, substantial costs as a result of the Merger
3. 03Inability to Realize Merger Benefits — The combined company may be unable to realize the anticipated benefits of the Merger
4. 04Merger Related Tax Liabilities — Additional tax liabilities could have a material impact on our financial condition, results of operations, and/or liquidity

Strategic Risks

1. 05Changes in Consumer Demand — Demand for our products could be affected by a variety of factors, including changes in economic environment and regulations
2. 06Key Customers and Customer Consolidation — The loss of key customers, a reduction in their production requirements or consolidation among key customers could have a significant adverse impact on our sales revenue and profitability
3. 07Competition — We face significant competition in the industries and regions in which we operate, which could adversely affect our business
4. 08Expanding Our Current Business — We may be unable to expand our current business effectively through organic growth, investments, or acquisitions

Operational Risks

1. 09Global Economic Conditions — Challenging global economic conditions, have had, and may continue to have, a negative impact on our business operations and financial results
2. 10International Operations — Our international operations subject us to various risks that could adversely affect our business operations and financial results
3. 11Furthermore, prolonged periods of economic, legal, regulatory, or political instability in the emerging markets where we operate could have a material adverse effect on our business, cash flow, financial condition, and results of operations
4. 12Raw Materials — Price fluctuations or shortages in the availability of raw materials, energy, and other inputs could adversely affect our business
5. 13Commercial Risks — We are subject to production, supply, and other commercial risks, including counterparty credit risks, which may be exacerbated in times of economic volatility
6. 14Health Crises — Our business and operations may be adversely affected by pandemics, epidemics, or other disease outbreaks
7. 15Attracting, Developing, and Retaining Talent — If we are unable to attract, develop, and retain our global executive management team and our other skilled workforce, we may be adversely affected
8. 16Labor Disputes — Our business could be adversely affected by labor disputes and an inability to renew collective bargaining agreements at acceptable terms
9. 17Physical Impacts of Climate Change — Our business is subject to physical risks related to climate change which could negatively impact our business operations and financial results
10. 18Significant Disruption at Key Manufacturing Facility — A significant disruption at one of our key manufacturing facilities could adversely affect our business operations and financial results
11. 19Cybersecurity Risk — The disruption of our operations or risk of loss of our sensitive business information could negatively impact our financial condition and results of operations
12. 20Information Technology — A failure or disruption in our information technology systems could disrupt our operations, compromise customer, employee, supplier, and other data, and could negatively affect our business

Financial Risks

1. 21Interest Rates — Rising interest rates increase our borrowing costs on our variable rate indebtedness and could have other negative impacts
2. 22Exchange Rates — We are exposed to foreign exchange rate risk
3. 23Goodwill and Other Intangible Assets — As a result of the Merger, our goodwill and other intangible assets have increased significantly, and a significant impairment would have a material adverse effect on our reported results of operations and financial position
4. 24Internal Controls — If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results which may adversely affect investor confidence and adversely impact our stock price
5. 25Insurance — Our insurance policies, including our use of a captive insurance company, may not provide adequate protection against all of the key operational risks we face

Legal and Compliance Risks

1. 26Intellectual Property — Our inability to defend our intellectual property rights or intellectual property infringement claims against us could have an adverse impact on our ability to compete effectively
2. 27our intellectual property rights, our competitive position may suffer. The unauthorized use of our intellectual property by someone else could reduce certain of our competitive advantages, cause us to lose sales, or otherwise harm our business
3. 28Litigation — Litigation, including product liability claims and litigation related to Environmental, Social and Governance ("ESG") impacts, or regulatory developments could adversely affect our business operations and financial performance
4. 29ESG Practices — Increasing scrutiny and emerging expectations from investors, customers, suppliers, and governments with respect to our ESG practices and commitments may impose additional costs on us or expose us to additional risks
5. 30ESG Regulations — Changing and emerging ESG government regulations, including climate-related rules, may adversely affect our company
6. 31Operational EHS Risks — We are subject to costs and liabilities related to EHS laws and regulations, as well as changes in the global climate, that could adversely affect our business
7. 32Tax Law Changes — Changes in tax laws or changes in our geographic mix of earnings could have a material impact on our financial condition and results of operations
8. 33Trade Policy - Our business may be impacted by changes to trade policy, including tariff and custom regulations, or failure to comply with such regulations may have an adverse effect on our reputation, business, financial condition and results of operations

Risks Relating to Being a Jersey, Channel Islands Company Listing Ordinary Shares

1. 34U.S. shareholders may not be able to enforce civil liabilities against us