Orora has reported a higher operating performance for the half year ended 31 December 2025, citing disciplined execution across its businesses despite mixed market conditions.
In a statement, Orora said statutory net profit after tax rose to $58.9 million, compared with $0.2 million a year earlier, while revenue increased 9.7 per cent to $1.13 billion.
EBITDA climbed 14.4 per cent to $218.2 million and EBIT rose 8.5 per cent to $131.1 million. Underlying net profit after tax increased 32.2 per cent to $77.8 million, with earnings per share up 40.6 per cent to 6.2 cents.
The board declared an interim dividend of 5.0 cents per share, representing a payout ratio of 79 per cent of NPAT.
Managing director and chief executive officer Brian Lowe said the result reflected consistent execution across the group.
“Orora has delivered a robust operating result for the first half of FY26, underpinned by disciplined execution,” he said, adding that EBITDA growth was achieved across all businesses in line with full-year guidance.
Orora said conditions varied by segment. The Cans business recorded volume growth of 11.2 per cent, supported by recent capacity expansions and continued demand for aluminium packaging, including growth in new beverage categories.
Glass performance was more mixed, with Saverglass volumes up 2.6 per cent, driven mainly by tequila and vodka, while Gawler volumes declined slightly amid ongoing softness in global spirits and wine markets.
The company reported underlying operating cash flow of $189.7 million, up 50.9 per cent, with cash realisation of 112.4 per cent. Orora also highlighted its ongoing on-market share buyback, noting that 47.6 million shares were repurchased during the half at an average price of $2.12, and announced a new buyback of up to 10 per cent of issued shares.
Looking ahead, Orora said its FY26 outlook remained largely unchanged, with expected growth in group EBITDA and cash flow partly offset by higher depreciation and corporate costs.
The company noted that the outlook is subject to economic conditions, currency movements and the assumption of no further changes to US tariffs.
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