The Company applies the two-class method when computing its earnings per share ("EPS"), which requires that net income per share for each class of share be calculated assuming all of the Company's net income is distributed as dividends to each class of share-based on their contractual rights.

Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts and vested but unpaid ordinary shares. Diluted EPS includes the effects of share options, restricted share units, performance rights, performance shares, and share rights, if dilutive.


	Years ended June 30,
($ in millions, except per share amounts)	2026		2025		2024
Numerator
Net income attributable to Amcor plc	$	1,106	$	511	$	730
Distributed and undistributed earnings attributable to shares to be repurchased	—		(1)		(3)
Net income available to ordinary shareholders of Amcor plc—basic and diluted	$	1,106	$	510	$	727



Denominator
Weighted-average ordinary shares outstanding (1)	463.3		318.4		289.0
Weighted-average ordinary shares to be repurchased by Amcor plc	(0.1)		(0.5)		(1.2)
Weighted-average ordinary shares outstanding for EPS—basic	463.2		317.9		287.8
Effect of dilutive shares	0.6		0.7		0.3
Weighted-average ordinary shares outstanding for EPS—diluted	463.8		318.6		288.1

Per ordinary share income


Basic earnings per ordinary share	$	2.39	$	1.60	$	2.53



Diluted earnings per ordinary share	$	2.38	$	1.60	$	2.52

(1) For the years ended June 30, 2026 and 2025, the calculation of weighted-average ordinary shares outstanding includes approximately 1.7 million and 0.3 million shares, respectively, that had not been issued as of June 30, 2026 and 2025, but whose issuance is not contingent on factors other than the passage of time.

Certain stock awards outstanding were not included in the computation of diluted earnings per share above because they would not have had a dilutive effect. The excluded stock awards represented an aggregate of 6.1 million, 3.9 million, and 5.7 million shares for the years ended June 30, 2026, 2025, and 2024, respectively. Basic and diluted weighted-average ordinary shares outstanding have increased in fiscal years 2025 and 2026 due to the completion of the Merger with Berry and the related share issuances in the fourth quarter of fiscal year 2025. For further information, refer to Note 4, "Acquisitions and Divestitures". In fiscal year 2024, basic and diluted weighted-average ordinary shares outstanding decreased due to share repurchases.