• Group EBIT up 9.5% to $262.1m
• EPS up 11.1% to 11.4 cents per share
• Operating cash flow up 46.4% to $333.6m

FY25 represented a period of significant transformation for Orora, with the completion of the sale of the Orora Packaging Solutions (OPS) business and the Closures business. These changes have realigned Orora's portfolio, making it a focused beverage packaging business supported by market-leading positions in Global Glass and Orora Cans. The Group's financial performance was solid, with Group EBIT up 9.5% to $262.1m and EPS up 11.1% to 11.4 cents per share. Cash generation was strong, with operating cash flow up 46.4% to $333.6m. The Cans business continued to perform strongly, while the Global Glass business faced challenges from external factors such as US Government tariffs. Orora has worked to reduce costs and optimise the Global Glass network, and is well-positioned for organic growth with limited additional growth capital required in the medium term. The Group remains committed to disciplined capital management, with an on-market buyback program and ongoing dividends.

Orora expects to continue its on-market buyback program into FY26, in addition to ongoing dividends. No further acquisitions or portfolio changes are expected in the near to medium term, and limited further growth capital expenditure is required until 2030 after the current investment program is completed in FY26.

With leading positions across cans and premium glass, Orora is well positioned for future growth. The Group's focus is on driving sustainable organic growth over the long term, supported by a well-invested asset base and strong balance sheet.