Cobram Estate Olives half-year loss more than doubles to $12m
Make us a preferred source
Make us a preferred source on Google
The news: Olive oil producer Cobram Estate Olives has seen its half-year loss deepen by 167.4% to $11.9 million amid a decline in revenue and increasing costs.
The numbers: Cobram’s revenue fell 6.9% to $116.13 million, which the company attributed to “the timing and price achieved for non-Extra Virgin Olive Oil bulk sales” that are scheduled for delivery in the second half of the year.
The group also spent $67.85 million on US land acquisitions, grove development and capital projects, up from $52.07 million in the previous corresponding period. Meanwhile, Australian grove development spend was $3.37 million. Overall sustaining capital expenditure was $7.3 million.
The context: Cobram’s flagship brand Cobram Estate posted a 7% increase in sales which the copmany attriubuted to “long-held view that customers recognise” recognise the brand’s health value and premium quality.
Looking to the full-year, Cobram expects full-year Australian packaged goods sales to be broadly in line, while second half US sales are expected to be boosted by increased supply of Californian olive oil in the FY26 harvest.
The Australian 2026 crop is considered an “off year” and is expected to be “moderately lower” than the 2025 harvest.
The source: ASX
