Cobram Estate Olives Ltd
ASX:CBO

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Cobram Estate Olives Ltd Logo
Cobram Estate Olives Ltd
ASX:CBO
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Price: 3.43 AUD 4.89% Market Closed
Market Cap: AU$1.6B

Cobram Estate Olives Ltd
Investor Relations

Cobram Estate Olives Ltd. engages in farming of olive and producing of olive oil. CBO is a producer and marketer of extra virgin olive oil. The firm's brand portfolio includes Cobram Estate, Red Island, Boundary Bend Estate, Tree of Life, Wellgrove, Stone & Grove, Modern Olives, Oliv.iQ, Olive Wellness Institute. The Company’s flagship brand is Cobram Estate, which provides a range of products including Premium Essentials and Infused oils which are distributed, together with Ultra-Premium and luxury Limited Release products including First Harvest available for online purchase. CBO operates in Australia and the United States of America (USA).

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Feb 20, 2026
AI Summary
Q2 2026

EBITDA Beat: Underlying EBITDA came in at $9.5 million, ahead of December 2025 guidance of $4.5–$7.5 million, though down from $14.5 million a year ago.

Net Loss: The company reported a net loss after tax of $11.9 million, compared to a $4.5 million loss last year, including $2.4 million in transaction costs for the California Olive Ranch (COR) acquisition.

Flat Sales: Group packaged goods sales were flat at just under $110 million, with Cobram Estate sales up in both Australia and the U.S.

Cash Flow & Liquidity: Operating cash flow before interest and tax was $9.9 million, lower than last year, but liquidity improved after a $177.8 million capital raise and increased debt facilities.

COR Acquisition: The $173.5 million acquisition of California Olive Ranch is expected to be 9% EPS accretive from FY'27, with significant synergy and growth potential in the U.S. market.

Australian Crop & Outlook: FY'26 Australian crop is expected to be moderately lower than FY'25, resulting in lower EBITDA year-on-year; U.S. packaged goods sales are expected to grow in the second half.

Water Costs: Water prices in Australia are materially higher than last year, but cost inflation elsewhere is stable; water conditions in California remain favorable.

Key Financials
Underlying EBITDA
$9.5 million
Net Loss After Tax
$11.9 million
Operating Cash Flow (before interest and tax)
$9.9 million
Group Packaged Goods Sales
$110 million (just under)
Net Debt Ratio
21.7%
Dividend
$0.045 per share (fully franked)
Available Cash
$115.4 million
Equity Raised
$177.8 million
Australian Cobram Estate Sales Growth
Up 9.3%
U.S. Packaged Goods Sales Growth
Up 6.2%
U.S. Supermarket Packaged Goods Sales
Up 5.5%
Capital Expenditure (Half Year)
$67.9 million
COR Acquisition
$173.5 million
COR Reported Net Assets (as of Sept 30, 2025)
$132.6 million
COR EBITDA (FY ending Sept 2025)
$16 million
Expected Annualized COR Synergies (FY'27)
$12 million
Retail Sales of Combined U.S. Brands (TTM to Nov 2025)
$211 million
Australian Water Secured (FY'26)
70% at $327 per megaliter (weighted average)
Other Earnings Calls
2026
2023
2022

Management

Mr. Robert D. McGavin
Co-Founder & Non-Executive Chairman
No Bio Available
Mr. Leandro M. Ravetti
Joint-CEO (Technical & Production) and Executive Director
No Bio Available
Mr. Samuel J. Beaton
Joint-CEO (Finance & Commercial) and Executive Director
No Bio Available
Mr. Paul Charles Riordan
Co-Founder
No Bio Available
Ms. Anabel Godino
Group Chief Financial Officer
No Bio Available
Conor Churchin
Chief Operations Officer of USA
No Bio Available
Ms. Emily Austin
Joint Company Secretary
No Bio Available

Contacts

Address
VICTORIA
151 Broderick Road Corio
Contacts
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