Orora Ltd
ASX:ORA
Orora Ltd
Orora Ltd. is a company that has mastered the art of transformation in the world of packaging. Emerging from the split of Amcor in 2013, Orora embarked on a journey to redefine itself in the paperboard and glass container sectors, catering mainly to the Australian and North American markets. The enterprise has honed its expertise in crafting and distributing an array of packaging solutions, from cardboard boxes to glass bottles—products essential to industries ranging from food and beverage to pharmaceuticals. Central to Orora's strategy is its commitment to sustainability and innovation, ensuring that they not only meet the immediate needs of their clients but also anticipate future trends. The company extends its reach by providing value-added services such as design and printing, which enables businesses to enhance their brand identity at critical consumer touchpoints.
Financially, Orora flourishes by embedding itself deeply in the supply chains of its clients, ensuring a consistent demand for its packaging solutions. Revenue generation hinges on long-term contracts and partnerships, securing a steady cash flow which allows the company to reinvest into its operations and expand its capabilities. The strategic use of its facilities in Australia and North America facilitates cost efficiencies and operational synergies, creating a robust competitive advantage. Moreover, the company's continued focus on maintaining a balance between technological advancement and sustainability reflects a dedicated pursuit of growth and environmental stewardship, appealing to both conscious consumers and eco-minded businesses alike. Through this dynamic approach, Orora not only cultivates strong ties with existing clients but also opens avenues for new opportunities in the ever-evolving global packaging industry.
Orora Ltd. is a company that has mastered the art of transformation in the world of packaging. Emerging from the split of Amcor in 2013, Orora embarked on a journey to redefine itself in the paperboard and glass container sectors, catering mainly to the Australian and North American markets. The enterprise has honed its expertise in crafting and distributing an array of packaging solutions, from cardboard boxes to glass bottles—products essential to industries ranging from food and beverage to pharmaceuticals. Central to Orora's strategy is its commitment to sustainability and innovation, ensuring that they not only meet the immediate needs of their clients but also anticipate future trends. The company extends its reach by providing value-added services such as design and printing, which enables businesses to enhance their brand identity at critical consumer touchpoints.
Financially, Orora flourishes by embedding itself deeply in the supply chains of its clients, ensuring a consistent demand for its packaging solutions. Revenue generation hinges on long-term contracts and partnerships, securing a steady cash flow which allows the company to reinvest into its operations and expand its capabilities. The strategic use of its facilities in Australia and North America facilitates cost efficiencies and operational synergies, creating a robust competitive advantage. Moreover, the company's continued focus on maintaining a balance between technological advancement and sustainability reflects a dedicated pursuit of growth and environmental stewardship, appealing to both conscious consumers and eco-minded businesses alike. Through this dynamic approach, Orora not only cultivates strong ties with existing clients but also opens avenues for new opportunities in the ever-evolving global packaging industry.
Strong Group Results: Orora posted robust first half FY26 numbers with group EBITDA up 14%, underpinned by disciplined execution, cost control, and solid operating cash flow.
Cans Performance: Cans business saw strong growth, with revenue up 19% and volumes up 11.2%, driven by capacity expansions and consumer demand in new beverage categories.
Saverglass Volumes Recovering: Saverglass volumes were up 2.6%, with order intake up 18% year-to-date, signaling improved customer sentiment and that the destocking cycle is likely over.
Gawler Turnaround: Gawler’s EBITDA rose 54%, aided by a successful furnace rebuild and significant energy efficiency improvements, despite flat revenue.
Buyback & Dividends: Completed $227 million buyback in 2025 (8% of shares), and announced a new $270 million buyback; interim dividend declared at $0.05 per share, unfranked.
Guidance Largely Unchanged: FY26 outlook for group EBITDA and cash flow growth remains intact; Cans EBIT expected higher, Saverglass EBIT flat in euros, and Gawler targeting $30 million EBIT.
Cost Out & Restructuring: Corporate restructuring at Saverglass to deliver $6 million annual EBIT savings from late FY26; Le Havre furnace closure brings additional cost-out benefits.
