• Orora focused on beverage packaging with strong market positions in Australasian Cans and Global Premium glass
• Continued progress on sustainability goals, including emissions reduction and recycled content targets
• Resilient financial performance in FY25 despite external challenges

Orora Limited held its Annual General Meeting, with Chair Rob Sindel and CEO Brian Lowe addressing shareholders. The company has completed the strategic realignment of its portfolio, now focused on value-added beverage packaging with strong market positions in Australasian Cans and Global Premium glass. FY25 was a transformative year, with the integration of Saverglass and the successful sale of the Orora Packaging Solutions and Closures businesses. While the performance of Saverglass has not met expectations, the company is confident in the changes being made to ensure the future success of the glass business. Orora delivered solid earnings in FY25, with EBIT of $262m and NPAT of $151m. The company continued to make progress on its sustainability goals, reducing Scope 1 and 2 emissions by 22% since 2019 and achieving 59.5% recycled content for glass. Looking ahead, Orora is well-positioned for growth, with market-leading positions in cans and premium glass packaging. The company is focused on driving organic growth, optimizing its global glass footprint, and maintaining disciplined capital management to deliver sustainable cash flow and shareholder returns.

At a Group level, there is no change to Orora's FY26 outlook. EBITDA growth is forecast for all businesses compared to FY25, with the additional $7m of corporate costs and higher D&A tempering FY26 EBIT growth. Q1 trading for Cans has been in line with expectations, seeing continued demand supporting volume growth. Q1 trading for Saverglass has seen volume in line with the prior corresponding period in FY25, with a continuation of product mix skewed towards wine and champagne at lower price points. Q1 trading for Gawler is in line with expectations and FY26 EBIT is expected to be approximately $30 million.

Orora enters FY26 with cautious optimism, focused on driving organic growth through its well-established networks and well-invested assets. The company will continue to invest in Cans capacity and optimize its global glass footprint. Orora's strong balance sheet and disciplined capital management position it well for sustainable cash flow growth and consistent returns for shareholders.