Orora books A$720.5m glass impairment, posts A$616.6m FY2026 net loss and cuts dividend
Orora reported a statutory net loss of A$616.6 million for the year to 30 June 2026 after a A$720.5 million impairment of its glass business, where Saverglass in Europe faced weak volumes and destocking. Revenue from continuing operations rose 6.5% to A$2,225.9 million, but net profit before significant items fell 5.9% to A$142.2 million, and the board cut total dividends to 9.0 cents per share, unfranked, from 10.0 cents in FY2025. The result follows Orora's December 2024 sale of its North American Orora Packaging Solutions business at an enterprise value of about A$1.8 billion, with proceeds used to reduce debt.
Why this mattersA A$720.5m write-down on glass shows how far European speciality bottle demand has fallen, while the can operations held up more steadily over the same period.
- Orora recorded a A$720.5 million impairment on its glass business for FY2026, driving a statutory net loss of A$616.6 million.
- Revenue from continuing operations rose 6.5% to A$2,225.9 million for the year to 30 June 2026.
- Net profit before significant items fell 5.9% to A$142.2 million.
- Total FY2026 dividend was cut to 9.0 cents per share (5.0-cent interim, 4.0-cent final payable 6 October 2026), down from 10.0 cents in FY2025 and unfranked.
- The glass division, including Saverglass in Europe, faced weak volumes, destocking and cost pressures.
- In December 2024 Orora sold its North American Orora Packaging Solutions business for an enterprise value of about A$1.8 billion, using proceeds to cut debt.