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Orora Group (ORA) investor relations material
Orora Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered robust first half FY26 results with strong execution, operational efficiency, and disciplined capital allocation, supported by significant cash flow and low leverage (0.9x).
Cans segment drove revenue growth, supported by capacity expansions and strong demand; Saverglass and Gawler delivered operational improvements despite challenging market conditions.
Statutory profit after tax for the half year ended 31 December 2025 was $58.9 million, compared to $907.6 million in the prior period, which included significant discontinued operations gains.
Completed AUD 227 million buyback in 2025 and announced a new AUD 270 million buyback program, with significant shareholder distributions and ongoing investment in growth.
The period included $18.9 million after-tax restructuring expenses related to the Le Havre furnace closure and corporate restructuring in the Global Glass segment.
Financial highlights
Group revenue up 9.7% year-over-year to AUD 1.13 billion, driven by strong cans performance and 11.2% volume growth.
EBITDA increased 14.4% to AUD 218 million; EBIT up 8.5% to AUD 131 million; underlying NPAT up 32% to AUD 78 million.
Operating cash flow up 51% to AUD 190 million; cash realization at 112%.
Interim dividend of AUD 0.05 per share unfranked, 79% payout ratio.
Free cash flow to shareholders at AUD 74.9 million, up AUD 96 million year-over-year.
Outlook and guidance
FY26 group EBITDA and cash flow expected to grow across all businesses, partially offset by higher corporate costs and depreciation.
Cans EBITDA to be higher, with volumes in line with long-term growth rates; one-off AUD 30 million inventory build expected in 2H.
Saverglass FY26 EBITDA expected broadly in line with FY25 in euros, with volume growth and cost reductions offset by higher depreciation.
Gawler focused on delivering AUD 30 million EBITDA in FY26 despite softer 1H volumes.
Outlook subject to economic conditions, currency, tariffs, and ongoing market and regulatory risks.
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