• Solid results demonstrate resilience of Orora's businesses
• Cans business sees strong volume growth enabled by capacity investments
• Decisive action taken to optimize global glass network, driving operating efficiencies
• Strong balance sheet enables shareholder returns

Orora Ltd has reported its FY25 financial results, delivering a Net Profit After Tax (NPAT) of $973.1 million, up 425.4% from the prior year. The company's continuing operations saw revenue increase 24.4% to $2,090.2 million and Earnings Before Interest and Tax (EBIT) rise 9.5% to $262.1 million. The Cans business reported an 8.9% increase in revenue (excluding the impact of pass-through aluminium prices) and a 7.0% rise in EBIT (excluding incremental corporate costs and a bad debt). The business saw 6.0% volume growth, enabled by the completion of capacity expansion projects. In the Global Glass segment, the Saverglass business experienced a 16.5% decline in revenue and a 5.5% decrease in EBIT compared to pro-forma FY24, reflecting lower volumes due to global de-stocking. However, de-stocking was substantially complete by the end of FY25, with 2H volumes increasing 9% compared to 1H. Orora has taken decisive action to optimize its global glass network, including the consolidation of European wine and champagne bottle production to the Ghlin facility and the closure of the Le Havre F4 furnace, which represents 13% of European capacity. The company has also completed the rebuild of the G3 furnace in Gawler, delivering a 30% reduction in energy consumption.The company maintains a strong balance sheet, with a leverage ratio of 0.7x net debt to EBITDA, enabling it to return capital to shareholders through a $127 million on-market buyback and a total dividend of 10.0 cents per share.

Orora expects to deliver EBIT growth of approximately 1-2% per annum in its Cans business, enhanced by incremental EBIT of over $50 million (real) from its capacity expansion program by FY30.