• Statutory NPAT up $58.7m to $58.9m
• Revenue increased 9.7% to $1,127.6m
• EBITDA up 14.4% to $218.2m

Orora has delivered a robust operating result for the first half of FY26, underpinned by disciplined execution. Statutory net profit after tax (NPAT) was $58.9m, up $58.7m, revenue increased 9.7% to $1,127.6m, earnings before interest, tax, depreciation and amortisation (EBITDA) was $218.2m, up 14.4%, and earnings before interest and tax (EBIT) was $131.1m, up 8.5%. Underlying NPAT was $77.8m, up 32.2%. Earnings per share was 6.2 cents per share (cps), up 40.6%. The Cans business delivered strong volume growth of 11.2%, enabled by recent capacity expansion investments. In Glass, the new leadership team is focused on executing key business priorities to drive growth, profitability and cashflow. Orora has continued work towards achieving its climate change targets, with progress on recycled content targets in both the Cans and Glass businesses. The company's outlook for FY26 remains largely unchanged, with EBIT expected to be higher than FY25 for Cans, broadly in line with FY25 for Saverglass, and approximately $30m for Gawler.

For Cans, EBIT is expected to be higher than FY25 with volumes consistent with long term growth rates which supports stronger EBITDA. For Saverglass, FY26 EBIT is expected to be broadly in line with FY25 at a EURO level. For Gawler, EBIT is expected to be approximately $30m.

Orora enters the second half with confidence and a clear execution agenda. The company can continue to make meaningful shareholder returns through regular dividends and an ongoing on-market buy-back, with strength in its operating cashflow, cash realisation and balance sheet, and with the major Cans capacity expansion completing in FY26.