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Cobram Estate Olives Limited (ASX:CBO)

ALERT: Price-sensitive ASX Announcement for CBO
Current share price for CBO : $2.900 -0.3 (-9.38%)+
Announcement
Release
20 Feb 2026 9:20AM
Price at Release
$3.200
Full Release
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Summary
Cobram Estate Olives Limited (CBO) reported its Half-Year FY2026 results, highlighting a decline in group olive oil sales revenue to $113.7 million, a decrease of 8% compared to the same period in FY2025. The company's EBITDA stood at $9.5 million, which was within the guidance range provided but lower than the previous year's $14.5 million. CBO experienced a net loss after tax of $11.9 million. The company raised $177.8 million through equity placements and signed an amendment for an additional $152.2 million to its loan facility, securing total available liquidity of $267.6 million. CBO’s vertically integrated operations in Australia and the USA, including acquisition of California Olive Ranch, position it as one of the leading global producers of premium extra virgin olive oil. Despite the challenging market, CBO continues to focus on its sustainable practices and expanding its market-leading brands.
Key Points
  • Group olive oil sales revenue decreased by 8% to $113.7 million.
  • EBITDA recorded at $9.5 million, down from $14.5 million in the previous year.
  • Net loss after tax amounted to $11.9 million.
  • Successfully raised $177.8 million through equity placements.
  • Amended loan facility increased by $152.2 million, enhancing liquidity.
  • Continued investment in strategic land acquisitions in the USA.
  • Focus remains on premium extra virgin olive oil market with brands like Cobram Estate and Red Island.
  • Vertically integrated operations in Australia and the USA.
  • Ongoing commitment to sustainability and operational excellence.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.