Orora has completed its portfolio transformation to position the business as a focused, market leading beverage packaging provider and has subsequently delivered a strong result in its financial year ending 30 June 2025.
The manufacturer announced a 24.4 per cent revenue increase to $2.1bn, a 19.4 per cent increase in earnings before interest, tax and depreciation and amortisation (EBITDA) to $418.8m and 18 per cent increase in net profit after tax (NPAT) to $151.1m.
The revenue increase reflects 12 months of contribution from Saverglass compared to seven months in the prior corresponding period and strong cans volume growth.
Orora’s multi-year investment program to boost capacity across the cans production network continued in FY25, driven by rising customer demand. A second can line at the Revesby site in New South Wales was completed, increasing network capacity by 10 per cent, while installation of a new line at Orora’s Rocklea site in Queensland is underway and scheduled for completion in FY26.
Challenging conditions have continued across the global glass industry, which promoted Orora to undertake a review of its glass production next during the financial year. The review will see furnace streamlining at a number of Orora’s glass production site in both Australia and other countries.
The Gawler facility in South Australia will shift from three furnaces to two, with the G1 furnace to close by September 2025. In France, the F4 furnace at Le Havre will also be shut down, transitioning the site to a single furnace operation.
European wine and champagne bottle production will be consolidated at the Ghlin site in Belgium, where a furnace rebuild is scheduled for completion by July 2026. Orora said the moves reflect a strategic realignment to match market demand while retaining the flexibility to increase capacity when conditions improve.
Speaking about the overall company results Orora’s Managing Director and Chief Executive Officer, Brian Lowe said: “Orora delivered a solid result over the past financial year as we completed the strategic transformation of our portfolio, with the divestment of OPS marking the final step in our journey to become a focused beverage packaging manufacturer. This was achieved despite ongoing challenges in the global operating environment, particularly around tariff implementation and consumer demand.
“With demand for cans remaining strong, we continued to invest in our cans capacity expansion program which will allow us to service expected customer demand to at least 2030.
“Within our Global Glass business, the Saverglass business reported EBIT of €79.2m, down 5.5 per cent compared to the prior corresponding period on a pro-forma basis, and our Gawler glass facility reported EBIT of $25.4m, a decrease of 54 per cent which reflects the structurally challenged commercial wine market in Australia as well as the impact of the G3 furnace rebuild. This was higher than initially expected, due to the complexity of work required and equipment and weather delays.
“We remained committed to our disciplined approach to capital management, retaining a strong balance sheet following the OPS sale. This will support ongoing shareholder returns via dividends and on-market share buybacks.
“With market-leading positions in cans, premium and luxury spirits and wine packaging, and with an efficient and well calibrated footprint, we enter FY26 with cautious optimism and are well positioned for growth.”