Commenting on Orora’s first half 2026 results, Managing Director and Chief Executive Officer, Brian Lowe said, “Orora has delivered a robust operating result for the first half of Fiscal Year 2026, underpinned by disciplined execution. In line with our full year guidance, we achieved EBITDA growth across all businesses, reflecting the strength of our operating platform and the benefits of our recent investments and business optimisation actions.
“Market dynamics and trading conditions vary across Orora’s business segments. Favourable market dynamics in Cans, including the continued consumer preference shift to aluminium and growth in new beverage categories, has supported 11.2 percent volume growth. Despite softness in premium spirits and wine, disciplined execution supported performance across Glass, with Saverglass volumes up 2.6 percent in the first half primarily driven by tequila and vodka categories.
“In Glass, our new leadership team, led by Emmanuel Ladent who joined in July 2025, is now in place and focused on executing key business priorities to drive growth, profitability and cash-flow across the business. Initiatives supporting these priorities are designed to maximise revenues and margin, cost efficiency and cash generation.
“At a Group level, with strength in our operating cash-flow, cash realisation and balance sheet, and with the major Cans capacity expansion completing in FY26, Orora can continue to make meaningful shareholder returns through regular dividends and an ongoing on‑market buy‑back. We enter the second half with confidence and a clear execution agenda.”
Orora has continued work towards achieving its climate change targets at the Group level of a 41 percent reduction in Scope 1 and Scope 2 greenhouse gas (GHG) emissions by FY35. Meanwhile, progress towards a target of 31 percent reduction in Scope 3 GHG emission by FY35 also continues (with Scope 3 progress to be reported for the first time at the end of FY26).
The Global Glass business continues towards its 68 percent recycled content target by FY35, building on the 44 percent achieved in FY25. The focus globally has been on sourcing more recycled cullet with a particular emphasis on container deposit schemes in Australia. During the first half of FY26, Glass has focused on continuing to improve the energy efficiency performance of the new G3 oxyfuel furnace at Gawler and the examination of potential bio-methane use, to displace some natural gas usage.
The full report is available here.