Australia · Delayed Price · Currency is AUD Cobram Estate Olives Earnings Call Transcripts
Fiscal Year 2026
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Underlying EBITDA was AUD 9.5 million, ahead of guidance but down year-over-year, with a net loss after tax of AUD 11.9 million due to transaction costs. The COR acquisition will expand U.S. operations and is expected to deliver significant synergies and growth.
Fiscal Year 2025
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Record financial results were achieved, with strong growth in both Australia and the U.S., and a major capital raise is accelerating U.S. expansion. The board emphasized sustainability, risk management, and long-term value creation, while all resolutions and director re-elections were supported.
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Record profit and cash flow were achieved, driven by strong branded sales growth in both Australia and the U.S.A. Major CapEx in Australia is complete, with future investment focused on U.S. expansion. Water costs and global supply constraints remain key risks.
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Sales rose 13.5% to AUD 123.5 million, with EBITDA up 75% and strong cash flow growth. Packaged goods led growth in both Australia and the U.S., and major investments were made in U.S. land and processing capacity. Outlook remains positive with higher expected profitability.
Fiscal Year 2024
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Record sales and profits were achieved, driven by strong growth in both Australia and the U.S.A., with major investments in grove expansion, sustainability, and branded sales. Shareholders approved all resolutions, and a fully franked dividend was declared. Key risks and strategic opportunities were discussed.
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Sales grew 34.6% year-over-year, with EBITDA up 63.4% and record operating cash flow. Strong growth in both Australia and the USA, continued asset investment, and a positive outlook for FY 2025 with higher expected EBITDA and robust cash flow.