AMG Packaging & Paper Company Limited (AMG) Unaudited Financial Statement For Q3 Ended May 31, 2026

MANAGEMENT DISCUSSION AND ANALYSIS AMG Packaging & Paper Company Limited (AMG) presents its Unaudited Financial Statements for the 3rd Quarter ending May 31, 2026. Revenues Revenues for the 9 Month period ended May 31, 2026 was $648.48 million, representing a decrease of 15.11% below prior year to date (PYTD) of $763.87 million. For the 3-month period ending May 2026, revenues decreased by 11.04%, moving from $262.91 million to $233.88 million. The installation and commissioning of the additional Corrugator parts in Q2 presented unexpected challenges which negatively impacted our operations in Q3. We projected to complete the unfulfilled orders which were impacted by the aftermath of Hurricane Melissa, but the challenges we encountered prevailed. Total Manufacturing Costs Total Manufacturing Costs for the 9 Month period to May 31, 2026 compared to PYTD, decreased by 9.44%, moving from $501.76 million to $454.38 million. For the 3-month period ended May 2026 compared to PYTD. Total Manufacturing Costs decreased by 2.91%, moving from $166.63 million to $161.78 million. While the decrease in Manufacturing Costs was favorable, it was not sufficient to offset the decrease in Gross Profit which resulted from the challenges stated above. Despite the issues we faced, we managed to fulfill more than 70% of the orders we received within the quarter, which still resulted in a profitable position. Gross Profit Gross Profit for the 9 Month period to May 31, 2026, decreased by 25.95% below PYTD, moving from $262.10 million to $194.09 million. Gross Profit for Q3 2026 decreased by 25.11%, moving from $96.28 million to $72.1 million.