Orora reports full-year profit surge after North American divestment
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The news: Packaging business Orora has delivered a surge in full-year net profit after tax in financial year 2025, following the sale of its North American packaging solutions business in December.
The numbers: Orora’s statutory profit for FY25 came in at $973.1 million, 425% higher than the $185.2 million reported in FY24. The market consensus estimate for statutory profit, according to Visible Alpha, was $880.9 million.
Revenue came in at $2.1 billion, 24.4% higher than the previous year’s $1.6 billion. A final dividend of 5 cents per share will be paid this year, in line with last year's payout and consensus estimates.
The context: Orora's managing director and chief executive Brian Lowe said the company delivered a "solid result" despite "ongoing challenges in the global operating environment, particularly around tariff implementation and consumer demand".
He noted that Orora's $1.8 billion sale of its North America business Orora Packaging Solutions marked "the final step" in its strategic transformation to become a focused beverage packaging manufacturer.
Earnings during the year were boosted by 12 months of ownership of European glass bottle maker Saverglass, he said, compared to seven months of ownership in the 2024 financial year.
The source: ASX
