Ball Corporation

74 cents in 2024 Global aluminum packaging shipments increased 4.1% in the second quarter Returned $1.13 billion to shareholders via share repurchases and dividends in the first six months of 2025; on track to return at least $1.5 billion to shareholders by year-end In 2025, positioned to advance the use of sustainable aluminum packaging, grow comparable diluted earnings per share in the range of 12-15 percent, increase EVA, generate strong free cash flow and continue long-term return of value to shareholders WESTMINSTER, Colo .

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

At the same time, we remain committed to returning meaningful value to shareholders through share repurchases and dividends.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Net Debt - Net Debt is total debt less cash and cash equivalents, which are derived directly from the company s financial statements.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Free Cash Flow - Free Cash Flow is typically derived directly from the company s cash flow statements and is defined as cash flows from operating activities less capital expenditures; and, it may be adjusted for additional items that affect comparability between periods.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Ball management uses Interest Coverage (Comparable EBITDA to interest expense) and Leverage (Net Debt to Comparable EBITDA) as metrics to monitor the credit quality of Ball Corporation.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Management internally uses free cash flow measures to: (1) evaluate the company s liquidity, (2) evaluate strategic investments, (3) plan stock buyback and dividend levels and (4) evaluate the company s ability to incur and service debt.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Our robust financial position, leaner operating model, and focused growth strategy enabled us to achieve higher volume and increase our full-year guidance for comparable diluted earnings per share growth to 12-15%.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Our strategy emphasizes local sourcing and manufacturing, reducing our exposure to international trade fluctuations.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

We continue to make progress on our strategic focus and our commitment to disciplined financial execution.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

This strong financial foundation gives us strategic flexibility to deliver attractive shareholder returns and fuel sustainable, long-term organic growth.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

For example, the forward-looking statements in this news release include statements relating to our plans, strategies, objectives, commitments and guidance.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

While we remain mindful of potential geopolitical uncertainties and market volatility in the second half of the year, we are confident in our ability to achieve our 2025 objectives.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

We continue to view the direct impact from announced tariffs as manageable and are actively working with our customers to mitigate the effects of volatility in aluminum premium prices.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball s Form 10-K, which are available on Ball s website and at www.

SEC original ↗Ball Corporation — Earnings release (8-K exhibit)EX-99Aug 5, 2025

During the three and six months ended June 30, 2026, the net charges were primarily composed of expenses associated with tariff contingencies where the company is seeking recovery and costs for previously announced facility closures.

SEC original ↗Ball Corporation — 10-Q Quarterly report10-QAug 4, 2026