Australia · Delayed Price · Currency is AUD Orora Earnings Call Transcripts
Fiscal Year 2026
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First half FY26 saw strong revenue, EBITDA, and cash flow growth, led by cans and supported by disciplined execution and capital management. Saverglass volumes rose despite market softness, while Gawler delivered efficiency gains. Outlook for FY26 remains positive, with continued investment and shareholder returns.
Fiscal Year 2025
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AGM covered strong FY 2025 financial results, strategic portfolio realignment, and sustainability progress. Shareholders voted on director elections, CEO incentives, and a constitutional amendment, with Q&A addressing integration, environmental targets, and remuneration.
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Solid FY 2025 results with 24% revenue growth and strong cash flow, driven by cans and Saverglass. Major capacity expansions nearly complete, supporting future growth, while cost actions and network optimization offset challenging glass markets. Outlook for FY 2026 is positive, with higher group EBITDA and cash flow expected.
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Underlying EBIT rose 24.6% to AUD 120.8 million, driven by Saverglass, while Cans and Glass segments showed resilience amid challenging markets. Strong cash flow and a robust balance sheet support ongoing CapEx, buybacks, and dividends, with cautious optimism for volume recovery as order intake improves.
Fiscal Year 2024
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The AGM highlighted strong earnings growth, major portfolio reshaping with the sale of OPS, and a sharpened focus on beverage packaging. Sustainability progress, new board appointments, and strategic investments in cans and glass were emphasized, with voting outcomes to be released later.
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Saverglass utilization remains around 60% as inventory is reduced, with EBITDA expected to improve on better mix and cost control. North America and Mexico show order growth, while European demand is subdued. Guidance reflects steady-state performance, with deleveraging expected from FY 2026.