Highlights

• Orora continued its on-market share repurchase program in September, reinforcing its focus on capital management after FY26.
• FY26 revenue increased as strong Cans demand offset weaker profitability across the Glass operations.
• Management enters FY27 focused on completing Cans expansion and lifting Glass efficiency, profitability and cash generation.

Orora Advances Share Buyback

Orora Limited (ASX: ORA) issued its latest on-market share buyback update on 23 September 2026, reporting activity completed on 22 September. The company repurchased 128,010 ordinary shares for total consideration of AU$181,204.85, with transaction prices ranging between AU$1.38 and AU$1.43 per share. Before that trading day, 10,087,249 shares had already been acquired under the current program. Orora can repurchase up to 123,378,429 securities, with 113,163,170 shares remaining within the stated maximum following the latest purchases. The program is scheduled to run until 25 February 2027, subject to market conditions and the company’s capital-management priorities.

FY26 Results Reflect Diverging Businesses

Earlier, on 13 August 2026, Orora published its FY26 financial results for the year ended 30 June 2026. Revenue from continuing operations increased 6.5% to AU$2,225.9 million, while net profit after tax before significant items declined 5.9% to AU$142.2 million. Significant charges, primarily related to Glass, contributed to a statutory loss of AU$616.6 million.

Cans remained the stronger division, with revenue climbing 13.3% to AU$880.0 million and EBIT increasing 7.3% to AU$111.4 million. In contrast, total Glass EBIT fell 13.6% to AU$136.8 million as weaker product mix and challenging premium beverage markets pressured Saverglass. Group operating cash flow reached AU$290.7 million, while net debt finished at AU$481.1 million, representing leverage of 1.2 times EBITDA.

Outlook

For FY27, Orora’s focus shifts toward extracting greater returns from recent investment. The Rocklea Cans line is expected to be commissioned during the first quarter, completing the current capacity-expansion cycle. Meanwhile, Glass management is targeting more than €30 million of net EBIT run-rate improvement by FY30 through productivity, cost reduction and stronger cash generation. Consumer demand, product mix and geopolitical conditions remain important variables, making disciplined execution central to the company’s next phase.

Note- All data presented is based on information available at the time of writing.

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