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Orora Limited (ASX:ORA)

ALERT: Price-sensitive ASX Announcement for ORA
Current share price for ORA : $1.485 -0.03 (-1.98%)+
Announcement
Release
13 Aug 2026 8:23AM
Price at Release
$1.515
Full Release
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Summary
Orora Limited reported a statutory NPAT loss of $616.6 million for FY26, largely due to a significant item expense related to the Glass business impairment. Despite challenging conditions in the Glass market, Orora's revenue increased by 6.5% to $2,225.9 million, driven by a strong performance in the Cans business, which saw a 13.3% revenue growth. The company's EBITDA remained stable at $420.3 million, with a slight increase of 0.3% from the previous year. Orora declared a final dividend of 4.0 cents per share, bringing the total FY26 dividends to 9.0 cents per share. Cash generation was robust, with a cash realisation rate of 98.3%, and net debt rose to $481.1 million following significant share buybacks. The company continues to focus on operational efficiencies and strategic initiatives to improve future performance.
Key Points
  • Statutory NPAT loss of $616.6m includes a significant item expense of $758.8m.
  • Revenue increased by 6.5% to $2,225.9m driven by strong growth in Cans revenue.
  • EBITDA was $420.3m, a slight increase of 0.3% from the previous year.
  • The underlying NPAT was $142.2m, a decrease of 5.9%.
  • Earnings per share remained flat at 11.4 cents despite the NPAT decrease.
  • Final dividend declared at 4.0cps, total dividends for FY26 at 9.0cps.
  • Cash generation remained strong with a cash realisation of 98.3%.
  • Net debt increased to $481.1m, mainly due to share buybacks.
  • Impairment of $742.8m related to the Glass business due to challenging market conditions.
  • Strong performance in the Cans business with a 13.3% revenue growth.
  • Glass market faced challenges with adverse price and mix effects lowering average selling prices and margins.
  • On-market share buyback programs resulted in significant shareholder returns.
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.