• Statutory net profit after tax (NPAT) was a loss of $616.6m
• Revenue increased 6.5% to $2,225.9m
• Underlying net profit after tax (NPAT) was $142.2m, down 5.9%
• Total FY26 dividends of 9.0cps, representing a full year payout ratio of 78% of NPAT
• Cash realisation remained strong at 98.3%

Orora Ltd announced its FY26 results, highlighting a statutory net profit after tax (NPAT) loss of $616.6 million, which includes a significant item expense of $758.8 million, primarily due to a non-cash impairment of $728.2 million in the Glass business. Despite this, revenue grew by 6.5% to $2,225.9 million, driven by a 13.3% growth in Cans revenue. Underlying net profit after tax was $142.2 million, down 5.9% from the previous year. Earnings per share remained flat at 11.4 cents per share. The company maintained a conservative balance sheet with strong cash generation, achieving a cash realisation of 98.3%. Orora also completed its major capital expenditure cycle and is now focusing on cash generation from these investments.

FY27 Cans EBIT expected higher; Saverglass EBIT expected lower; Group EBIT expected lower

Cans business expected to continue strong performance with volume growth and higher EBITDA. Glass business expected to face ongoing challenges due to US tariffs, Middle East conflict, and cost-of-living pressures, leading to lower EBIT.