Business · Companies · 2 hrs ago
Orora reports lower FY26 profit as Glass business faces pressure
Australian packaging company Orora reported its FY26 results for the year ended in FY26.
Underlying net profit fell 6% to $142.2 million, while earnings per share stayed flat at 11.4 cents.
Its Cans division had strong demand, with revenue rising 13.3% to $880 million and sales volumes growing 6.3%.
The Glass business faced softer demand and disrupted export markets, and Orora recorded a €450 million non-cash impairment.
Saverglass grew revenue slightly, while Gawler’s revenue was flat.
Orora expects Cans volumes to rise 4–6% in FY27, with higher earnings as expanded production capacity comes into use.
The company plans Glass improvements targeting more than €30 million in extra EBIT by FY30, though Saverglass earnings are expected to remain under pressure in the short term.
Orora reported underlying net profit after tax of $142.2 million for FY26, down 6% from FY25.
Underlying earnings per share were flat at 11.4 cents, while EBITDA was broadly unchanged at $420.3 million.
The Cans business grew, with revenue up 13.3% to $880 million and volumes up 6.3%.
The Glass division faced softer demand, export-market disruption and adverse price and product mix, and recorded a €450 million non-cash impairment.
Orora said it expects Cans volume growth of 4–6% in FY27 and is pursuing Glass initiatives intended to lift EBIT by more than €30 million by FY30.
- Who
- Orora Ltd, an Australian packaging company listed on the ASX.
- What
- It reported FY26 underlying net profit after tax of $142.2 million, down 6% from FY25.
- When
- FY26; the report was published on 14 October 2026.
- Where
- Not stated
- Why
- Orora said its Glass business faced softer consumer demand, disrupted export markets and adverse price and product mix.
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- Underlying NPAT
- $142.2 million, down 6% from FY25
- Underlying EPS
- 11.4 cents per share, unchanged from FY25
- Cans revenue
- $880 million, up 13.3%
- Glass impairment
- €450 million, non-cash
- Share buyback
- 56 million shares repurchased for $118 million in FY26
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What people are saying
While FY26 was certainly a challenging year, it demonstrated the strength of our Cans business, the resilience of our people and our willingness to act when performance does not meet expectations.
We enter FY27 having largely completed our Cans capacity expansion program and with a clear plan to improve performance in Glass.