91����Ƶ Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 11:00 a.m. CT.

A live webcast of the presentation will be available at ‌�Čor can be accessed on the Company’s Investor Relations website,��www.o-i.com/investors, Events and Presentations page.

The replay will be available through the above link within 24 hours of the presentation and will be archived for 90 days following the completion of the conference.

ABOUT O-I GLASS

At 91����Ƶ, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us:����/ ����/��

�䰿���մ����:��

SASHA SEKPEH
Sr. Finance Coordinator

Alexandra.Sekpeh@o-i.com
567.336.5128

91����Ƶ, Inc. (the “Company”) announced that Owens-Brockway 91����Ƶ Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $500 million aggregate principal amount of its 9.500% senior notes due 2033 (the “Notes”) at par. The net proceeds to OBGC from the Offering are expected to be approximately $495 million, after deducting commissions but before offering expenses payable by OBGC. OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement. The Offering is expected to close on May 18, 2026, subject to the satisfaction of customary closing conditions.

OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).

The Notes and the guarantees have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws, and are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule��144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section��5 of the Securities Act provided by Rule��144A.

The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About 91����Ƶ

At 91����Ƶ, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.

Forward-Looking Statements

This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.

SOURCE: 91����Ƶ,��Inc.

Attachment

For more information, contact:
Chris Manuel
Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com

91����Ƶ, Inc. (the “Company”) announced that Owens-Brockway 91����Ƶ Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $500 million aggregate principal amount of its senior notes due 2033 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement.

OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).

The Notes and the guarantees have not been registered under the Securities Act, or applicable state securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule��144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section��5 of the Securities Act provided by Rule��144A.

The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About 91����Ƶ

At 91����Ƶ, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.

Forward-Looking Statements

This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.

SOURCE: 91����Ƶ,��Inc.

Attachment

For more information, contact:
Chris Manuel
Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com

Please follow the links below to view the documents containing our first quarter 2026 earnings materials.

O-I CEO Gordon Hardie and CFO John Haudrich will conduct a conference call to discuss the company’s latest results on Wednesday, April 29, 2026, at 8:00 a.m. ET. A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors, in the Events and Presentations section. A replay of the call will be available on the website for a year following the event.

ABOUT O-I GLASS

At 91����Ƶ, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: ��/  ��/

CONTACTS:

CHRIS MANUEL����������
VP, Investor Relations
Chris.Manuel@o-i.com
567.336.2600

SASHA SEKPEH
Sr. Finance Coordinator
Alexandra.Sekpeh@o-i.com

Attachments

What: ����������������O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website,��www.o-i.com/investors, when the earnings news release is issued.

When: ����������������Wednesday, April 29, 2026, at 8 a.m. EDT

Where: ���������������� or at www.o-i.com/investors, Events and Presentations page

The webcast will be archived at www.o-i.com/investors until April 2027.

ABOUT O-I GLASS

At 91����Ƶ, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: ��/ ����/��

contact:

SASHA SEKPEH
Investor Relations Coordinator
alexandra.sekpeh@o-i.com
567.336.5128

Attachment

Source: Owens-Illinois General Inc.

Lopez has spent more than 20 years driving strategic leadership, operational excellence, and people-centered progress at O-I. While much of her work is focused on cross-functional collaboration and regulatory readiness, Lopez has also shaped O-I’s culture through her work in social engagement and as a cofounder of the Global Women’s Engagement Network, creating meaningful spaces for connection, mentorship, and inclusion. Her career reflects a purpose-driven commitment to empowering others, building community, and elevating voices—especially those of women—across the organization and beyond.��

“What drives me is seeing the incredible potential in the women around me and helping them recognize it in themselves,”��said Lopez.��“When women feel supported and confident in their voice, they strengthen entire teams, families, and communities.��I want to see a future where every woman in our industry feels she belongs, is encouraged to lead, and knows she never needs to shrink to make space for others.”��

Lopez��and other honorees��will be��recognized����at��the annual  Gala in Washington, D.C., on April 23, 2026. ��

The Manufacturing��Institute’s STEP Ahead initiative��is��dedicated to supporting the manufacturing workforce through leadership development and recognition. The��program’s annual��awards shine a spotlight on the people powering manufacturing success, those whose leadership, expertise, and commitment to others are building stronger workplaces and communities. As manufacturers work to attract, retain, and advance talent in a rapidly evolving industry, programs like STEP Ahead play a critical role in elevating role models and demonstrating what leadership in manufacturing looks like today. ��

“Manufacturing’s future depends on leaders who develop talent, strengthen teams and drive results by building strong workplace cultures,” said Lexi Champion, National Director of STEP Ahead. “The STEP Ahead Awards recognize and celebrate those making that impact every day in their workplaces and communities, and whose leadership helps the next generation see a place for themselves in manufacturing.”��

“This recognition is meaningful to me because it reflects the kind of leadership I��believe��manufacturing needs,”��said Lopez. “Leadership grows when we build trust, show compassion, and encourage people to contribute in ways that reflect their strengths and values. When we empower people to lead authentically, our workplaces become stronger, safer, and more innovative. I hope my journey encourages others to lead with heart and to lift others as they grow.”��

ABOUT O-I GLASS  ��

At 91����Ƶ, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 64 plants in 18��countries, O-I achieved revenues of��$6.4��billion��in 2025. Learn more about us:����/����/�� ��

��ABOUT THE MANUFACTURING INSTITUTE ��

The Manufacturing Institute works to build and strengthen the manufacturing workforce for today and tomorrow to create a workforce prepared for the challenges and opportunities of the 21st century. This is done through implementing groundbreaking initiatives, convening industry leaders, conducting innovative research and promoting public policy that supports the sector as it meets the opportunity of modern manufacturing. Through this work, the MI furthers individual opportunity, community prosperity and a more competitive manufacturing industry. ��For more information, please visit:����

PERRYSBURG, Ohio, Feb. 25, 2026 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

John Haudrich, Chief Financial Officer of 91����Ƶ, Inc. (“O-I,” NYSE: OI), will present at the BofA Securities 2026 Global Agriculture and Materials Conference on Wednesday, February 25, 2026, at 10:30 a.m. ET.

During the presentation, O-I will outline its strategy to enhance shareholder value through improved competitiveness, disciplined cost transformation, and profitable growth. The company will highlight continued progress under its Fit to Win program, which has exceeded initial savings targets and is driving margin expansion, stronger cash flow, and higher economic profit. O-I will also discuss progress toward its reaffirmed 2027 Investor Day commitments, along with actions to optimize its global manufacturing footprint and portfolio mix. Management will address current market conditions and near-term earnings dynamics.

The company is maintaining its full-year 2026 guidance, yet it now expects additional pressure on adjusted earnings per share in the first quarter of 2026 due to recent developments, with results likely below the previously communicated estimate that the first quarter would contribute 12-16% of full-year 2026 adjusted earnings per share. In Europe, segment operating profit will be impacted by incremental commercial headwinds from ongoing soft demand and heightened competitive pressures as well as higher, short-term supply chain costs associated with previously announced actions to permanently close excess capacity at several locations by mid-2026.

Despite these near-term headwinds, O-I remains focused on driving higher earnings, increasing economic profit, strengthening free cash flow, and delivering sustainable, long-term value for shareholders.

BofA Securities 2026 Global Agriculture and Materials Conference on February 25, 2026

A live webcast of the presentation will be available at or can be accessed on the company’s Investor Relations website,��www.o-i.com/investors, in the News and Events section. A replay of the presentation will be available on the website for a 90 days following the event.

Contact: Sasha Sekpeh, 567-336-5128 – O-I Investor Relations

O-I news releases are available on the O-I website at��www.o-i.com.

About 91����Ƶ

At 91����Ƶ, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 64 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025. Learn more about us:��o-i.com /�� / / /

Non-GAAP Financial Measures

The company uses certain non-GAAP financial measures, which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. Management believes that its presentation and use of certain non-GAAP financial measures, including adjusted earnings, adjusted earnings per share, free cash flow, segment operating profit, segment operating profit margin, EBITDA, adjusted EBITDA, net debt, net debt leverage and adjusted effective tax rate provide relevant and useful supplemental financial information that is widely used by analysts and investors, as well as by management in assessing both consolidated and business unit performance. These non-GAAP measures are reconciled to the most directly comparable GAAP measures and should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures.

Adjusted earnings relates to net earnings (loss) attributable to the company,��exclusive of items management considers not representative of ongoing operations and other adjustments because such items are not reflective of the company’s principal business activity, which is glass container production. Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share. Segment operating profit relates to earnings (loss) before interest expense, net, and before income taxes and is also exclusive of items management considers not representative of ongoing operations as well as certain retained corporate costs and other adjustments. Segment operating profit margin is calculated as segment operating profit divided by segment net sales. EBITDA refers to net earnings, excluding gains or losses from discontinued operations, interest expense, net, provision for income taxes, depreciation and amortization of intangibles.�� Adjusted EBITDA refers to EBITDA, exclusive of��items management considers not representative of ongoing��operations and other adjustments. Net debt leverage refers to total debt less cash��divided by Adjusted EBITDA.��Adjusted effective tax rate relates to provision for income taxes, exclusive of items management considers not representative of ongoing operations and other adjustments divided by earnings (loss) before income taxes, exclusive of items management considers not representative of ongoing operations and other adjustments. Management uses adjusted earnings, adjusted earnings per share, segment operating profit, segment operating profit margin, and adjusted effective tax rate to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations.�� The above non-GAAP financial measures may be useful to investors in evaluating the underlying operating performance of the company’s business as these measures eliminate items that are not reflective of its principal business activity.

Net debt is defined as total debt less cash. Management uses net debt to analyze the liquidity of the company.

Further, free cash flow relates to cash provided by operating activities less cash payments for property, plant, and equipment. Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes these have provided useful supplemental measures related to its principal business activity. It should not be inferred that the entire free cash flow amount is available for discretionary expenditures, since the company has mandatory debt service requirements and other non-discretionary expenditures that are not deducted from these measures. Management uses non-GAAP information principally for internal reporting, forecasting, budgeting and calculating compensation payments.

The company routinely posts important information on its website – www.o-i.com/investors.

Forward-Looking Statements

This press release contains “forward-looking” statements related to 91����Ƶ, Inc. (“91����Ƶ” or the “company”) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “commit,” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the company’s ability to generate sufficient future cash flows to ensure the company’s goodwill is not impaired, (15) any increases in the underfunded status of the company’s pension plans, (16) any failure or disruption of the company’s information technology, or those of third parties on which the company relies, or any cybersecurity or data privacy incidents affecting the company or its third-party service providers, (17) risks related to the company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders, and the other risk factors discussed in the company’s filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the company continually reviews trends and uncertainties affecting the company’s results of operations and financial condition, the company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.

Attachments

For more information, contact:
Chris Manuel, Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com

91����Ƶ Chief Financial Officer John Haudrich will present at 10:30 a.m. ET.

A live webcast of the presentation will be available at or can be accessed on the Company’s Investor Relations website,��www.o-i.com/investors.

The replay will be available through the above link within 24 hours of the presentation and will be archived for 90 days following the completion of the conference.

ABOUT O-I GLASS

At 91����Ƶ, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 64 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.��Learn more about us: o-i.com /�� / / /

Contact:��
SASHA SEKPEH
Sr. Finance Coordinator
Alexandra.Sekpeh@o-i.com
567.336.5128

• Significantly Improved 2025 Performance Driven By $300 Million Fit To Win Benefits
• Anticipate Stronger 2026 Results and Reaffirming O-I’s 2027 Investor Day Targets
• Increasing Cumulative Three-Year Fit To Win Benefit Target To At Least $750 Million

91����Ƶ, Inc. (“O-I”) (NYSE: OI) today reported financial results for the full year and fourth quarter ended December 31, 2025.

Full Year 2025 Results

¹ See discussion of Non-GAAP financial measures on pg.5 and below reconciliations.

“O-I delivered strong results in 2025, demonstrating the effectiveness of our strategy,” said Gordon Hardie, CEO of 91����Ƶ. “Although reported results were lower due to planned restructuring actions, our adjusted earnings nearly doubled versus 2024 driven by disciplined execution of Fit to Win.”

“We are making very solid progress against our strategic objectives, and our 2025 financial performance was consistent with our recent guidance. Net sales were relatively stable despite softer market demand, as we successfully navigated challenging market conditions and remained focused on optimizing our customer and product mix. This approach resulted in a more premium and resilient business portfolio. Fit to Win continues to be a core value driver for our business and delivered $300 million in benefits in 2025, significantly exceeding our original goal and driving meaningful performance improvement.”

“Looking ahead, we anticipate continued progress in 2026, including another year of substantial Fit to Win benefits, despite ongoing market uncertainty and muted demand. We are also reaffirming our 2027 Investor Day financial targets and increasing our cumulative Fit to Win benefits to at least $750 million to further strengthen our competitiveness. As a result, we expect to drive higher earnings, enhance economic profit, strengthen free cash flow, and deliver sustainable, long-term value for shareholders,” concluded Hardie.

Net sales were $6.4 billion in 2025, compared to $6.5 billion in the prior year reflecting fairly stable average selling prices, while favorable foreign currency translation mostly offset modestly lower sales volume (in tons).

Loss before income taxes was $49 million in 2025, compared with earnings before income taxes of $38 million in the prior year with margins decreasing 140 basis points. Both years included items not representative of ongoing operations, primarily related to restructuring actions. Excluding these items, results reflected higher segment operating profit, lower corporate retained and other costs, and stable interest expense.

Segment operating profit was $846 million in 2025, up $98 million (or 13 percent) from $748 million in the previous year, and represented a 170 basis point improvement in segment margins.

• Americas:��Segment operating profit was $549 million, up from $392 million in the prior year, representing a 40 percent improvement as margins expanded 420 basis points. Better results were driven by lower operating costs from significant savings delivered through O‑I’s Fit to Win initiatives as well as favorable net price and insurance settlements, despite modestly lower sales volumes.
• Europe:��Segment operating profit was $297 million, down from $356 million in the prior year, representing a 17 percent decrease as margins contracted 160 basis points. Results reflected unfavorable net price, modestly lower sales volumes and idle capacity, partially offset by favorable operating costs and benefits from Fit to Win initiatives.

Retained corporate and other costs were $107 million in 2025, down from $134 million in the prior year, primarily due to Fit To Win benefits and a one-time benefit from the settlement of a previously reserved royalty receivable in the fourth quarter of 2025, partially offset by higher management incentive expense.

O-I reported a net loss attributable to the company of $0.84 per share in 2025, compared to a net loss of $0.69 per share in 2024.

Adjusted earnings was $1.60 per share (diluted) in 2025, consistent with O-I’s most recent guidance of $1.55 to $1.65 per share (diluted), compared to $0.81 per share (diluted) in 2024.

Cash provided by operating activities was $600 million in 2025, compared to $489 million in 2024.

Free cash flow was $168 million in 2025, consistent with management’s guidance range of $150 million to $200 million. This represented a nearly $300 million improvement compared to a $128 million use of cash in the prior year, despite approximately $90 million of incremental restructuring spending in 2025.

Total debt was $5 billion as of December 31, 2025, flat with 2024. Net debt was $4.2 billion, stable versus the prior year, and net debt leverage ended 2025 at 3.5x, down from 3.9x in 2024.

Fourth Quarter 2025 Results

¹ See discussion of Non-GAAP financial measures on pg.5 and below reconciliations.

Net sales for the fourth quarter of 2025 were $1.5 billion, stable with the prior year period reflecting flat average selling prices, while favorable foreign currency translation offset a moderate decline in sales volumes (in tons).

The company reported a loss before income taxes of $133 million in the fourth quarter of 2025 compared to $125 million in the prior year quarter with margins decreasing 70 basis points. Both periods included items not representative of ongoing operations primarily related to restructuring actions. Fourth quarter of 2025 earnings benefited from improved segment operating profit.

Segment operating profit was $177 million in the fourth quarter of 2025, up $41 million (or 30 percent) from $136 million in the prior year period, and represented a 280 basis point improvement in segment margins.

• Americas:��Segment operating profit was $134 million, up from $96 million in the fourth quarter of 2024, representing a 40 percent improvement as margins expanded 430 basis points. Performance improvement was driven by lower operating costs from significant savings delivered through O‑I’s Fit to Win initiatives, as well as favorable net price, despite lower sales volumes.
• Europe:��Segment operating profit was $43 million, up from $40 million in the fourth quarter of 2024, representing an 8 percent increase as margins improved 60 basis points. Higher results reflected favorable operating costs due to higher production levels and benefits from Fit to Win initiatives which more than offset unfavorable net price and modestly lower sales volumes.

Retained corporate and other costs were $28 million in the fourth quarter of 2025 compared to $30 million in the prior year as the benefit from Fit to Win and the settlement of a previously reserved royalty receivable more than offset higher management incentives.

O-I reported a net loss attributable to the company of $0.90 per share in the fourth quarter of 2025, compared to a net loss of $1.00 per share in the same period of 2024.

Adjusted earnings was $0.20 per share (diluted) in the fourth quarter of 2025, compared to an adjusted net loss of $0.05 per share in the prior year quarter.

2026 Outlook

O‑I anticipates 2026 adjusted EBITDA to be in the range of $1.25 billion to $1.30 billion, representing up to an 7 percent increase over 2025 levels. This growth is expected despite an estimated $150 million step-up in energy costs following the expiration of favorable European energy contracts at the end of 2025. Excluding this step-up, adjusted EBITDA would have been expected to increase by up to 22 percent.

Operationally, O‑I expects to benefit from at least $275 million of incremental Fit To Win initiatives, which are projected to drive improved performance despite lower net price trends and flat to slightly declining sales volumes. As consumption stabilizes or recovers over time, we believe O‑I’s optimized portfolio will be well positioned to deliver on generating growth and higher economic profit.

Management forecasts adjusted earnings per share in the range of $1.65 to $1.90, representing up to a 19 percent improvement over 2025. This outlook is supported by higher anticipated EBITDA, stable interest expense, and a full-year adjusted effective tax rate of approximately 30 to 33 percent. Assumptions for foreign currency rates are based on levels as of January 31, 2025.

O‑I expects free cash flow to approximate $200 million in 2026, an increase of nearly 20 percent compared to 2025. This improvement is driven by stronger earnings, partially offset by modestly higher capital expenditures which should approximate $450 million compared to $432 million in 2025. Cash restructuring spending is expected to approximate $150 million in 2026 and taper thereafter.

O-I’s outlook for 2026 reflects our confidence in the company’s operational resilience, strategic focus, and commitment to delivering sustainable value for shareholders.

Guidance primarily reflects the company’s current view of sales and production volume, mix, and working‑capital trends and does not reflect the potential impact of tariffs on U.S. imports or retaliatory tariffs on U.S. exports. The earnings and cash flow guidance ranges may not fully reflect uncertainty in macroeconomic conditions, currency rates, energy and raw material costs, supply‑chain disruptions, labor challenges, changes in immigration policy, or success in global profitability improvement initiatives, among other factors.

Conference Call Scheduled for February 11, 2026

O-I CEO Gordon Hardie and CFO John Haudrich will conduct a conference call to discuss the company’s latest results on Wednesday, February 11, 2026, at 8:00 a.m. ET. A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors, in the News and Events section. A replay of the call will be available on the website for a year following the event.

Contact: Sasha Sekpeh, 567-336-5128 – O-I Investor Relations

O-I news releases are available on the O-I website at��www.o-i.com.

O-I’s first quarter 2025 earnings conference call is currently scheduled for Wednesday, April 29, 2026, at 8:00 a.m. ET.

About 91����Ƶ

At 91����Ƶ, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. 91����Ƶ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 64 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025. Learn more about us:��o-i.com /�� / / /

Non-GAAP Financial Measures

The company uses certain non-GAAP financial measures, which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. Management believes that its presentation and use of certain non-GAAP financial measures, including adjusted earnings, adjusted earnings per share, free cash flow, segment operating profit, segment operating profit margin, EBITDA, adjusted EBITDA, net debt, net debt leverage and adjusted effective tax rate provide relevant and useful supplemental financial information that is widely used by analysts and investors, as well as by management in assessing both consolidated and business unit performance. These non-GAAP measures are reconciled to the most directly comparable GAAP measures and should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures.

Adjusted earnings relates to net earnings (loss) attributable to the company,��exclusive of items management considers not representative of ongoing operations and other adjustments because such items are not reflective of the company’s principal business activity, which is glass container production. Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share. Segment operating profit relates to earnings (loss) before interest expense, net, and before income taxes and is also exclusive of items management considers not representative of ongoing operations as well as certain retained corporate costs and other adjustments. Segment operating profit margin is calculated as segment operating profit divided by segment net sales. EBITDA refers to net earnings, excluding gains or losses from discontinued operations, interest expense, net, provision for income taxes, depreciation and amortization of intangibles.�� Adjusted EBITDA refers to EBITDA, exclusive of��items management considers not representative of ongoing��operations and other adjustments. Net debt leverage refers to total debt less cash��divided by Adjusted EBITDA.��Adjusted effective tax rate relates to provision for income taxes, exclusive of items management considers not representative of ongoing operations and other adjustments divided by earnings (loss) before income taxes, exclusive of items management considers not representative of ongoing operations and other adjustments. Management uses adjusted earnings, adjusted earnings per share, segment operating profit, segment operating profit margin, and adjusted effective tax rate to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations.�� The above non-GAAP financial measures may be useful to investors in evaluating the underlying operating performance of the company’s business as these measures eliminate items that are not reflective of its principal business activity.

Net debt is defined as total debt less cash. Management uses net debt to analyze the liquidity of the company.

Further, free cash flow relates to cash provided by operating activities less cash payments for property, plant, and equipment. Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes these have provided useful supplemental measures related to its principal business activity. It should not be inferred that the entire free cash flow amount is available for discretionary expenditures, since the company has mandatory debt service requirements and other non-discretionary expenditures that are not deducted from these measures. Management uses non-GAAP information principally for internal reporting, forecasting, budgeting and calculating compensation payments.

The company routinely posts important information on its website – www.o-i.com/investors.

Forward-Looking Statements

This press release contains “forward-looking” statements related to 91����Ƶ, Inc. (“91����Ƶ” or the “company”) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “commit,” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the company’s ability to generate sufficient future cash flows to ensure the company’s goodwill is not impaired, (15) any increases in the underfunded status of the company’s pension plans, (16) any failure or disruption of the company’s information technology, or those of third parties on which the company relies, or any cybersecurity or data privacy incidents affecting the company or its third-party service providers, (17) risks related to the company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders, and the other risk factors discussed in the company’s filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the company continually reviews trends and uncertainties affecting the company’s results of operations and financial condition, the company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.

Attachments

For more information, contact:
Chris Manuel, Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com

And since 2021, through innovative, community-driven programs like 91����Ƶ4Good, O-I has expanded access to glass recycling while creating meaningful local impact, one bottle at a time.

Making More Recycled 91����Ƶ Available��

Across five 91����Ƶ4Good communities, including James City County in Virginia, Danville, Virginia, Warren County, Kentucky, Greeley, Colorado, and Jefferson County, Pennsylvania, residents recycled 392 metric tons of glass in 2025. That recycled material was processed into clean cullet and delivered to O-I facilities to be made into new glass bottles and jars.

To put it in perspective, this amount of cullet�� equates to 922K wine bottles recycled, 16 homes where energy use is saved in terms of CO2 emissions (for one year), and 134K KG CO2 saved overall.*

Using recycled glass not only conserves natural resources but also reduces energy use and emissions during manufacturing.

Increased Funding for Local Organizations from Recycling Efforts

91����Ƶ4Good goes beyond environmental impact by directly supporting the communities where O-I operates.

The program incentivizes glass recycling through charitable donations based on the weight of glass collected each quarter. The more glass collected, the more O-I donates to local organizations, supporting critical missions.

With fourth-quarter 2025 donations, 91����Ƶ4Good officially surpassed a major milestone, raising more than $100,000 ($104,571, to be exact) for local causes since the program’s inception in 2021.

These funds support initiatives such as education programs and efforts to address homelessness, reinforcing the connection between everyday recycling actions and meaningful community outcomes.

Providing 91����Ƶ Recycling Access Through Partnership

One of the biggest challenges in increasing recycled content in our glass containers is the availability of recycled glass. Not all communities have the infrastructure or systems in place to collect glass efficiently.

91����Ƶ4Good addresses this challenge by working closely with municipalities, nonprofit partners, and suppliers to build practical recycling solutions near O-I plants. By placing convenient collection sites within communities where O-I facilities already exist and by investing in partnerships, the program helps divert glass from landfills and return it to the manufacturing stream, making recycling easier.

“Check out the community partnership at Brockway-Crenshaw in Jefferson County, Pennsylvania.”

This collaborative approach supports O-I’s broader aspiration to increase the global average recycled content in its packaging to 60% by 2030.

A Growing 91����Ƶ Recycling Program with Lasting Impact

The growth of 91����Ƶ4Good’s collection efforts in these communities creates an even greater ripple effect—strengthening environmental, social, and economic impact.

More recycled glass strengthens the circular economy, and more donations strengthen local communities. Stronger partnerships help remove barriers to glass recycling across the US.

Each bottle recycled through 91����Ƶ4Good represents more than sustainability progress. It represents a shared commitment between O-I and its communities to build a more resilient, responsible future, together.

*These values are approximations based off standard bottle sizes, internal batch calculations, and US EPA emissions data and may not be reflective of actual use.