Dona Ferentes
beware the aedes of marsh
- Joined
- 11 January 2016
- Posts
- 16,864
- Reactions
- 23,033
$2.03
• Sustained demand for CBO’s extra virgin olive oil, together with the Company’s marketing initiatives, led to robust sales growth and improved trading results in 1HFY25. The Company anticipates continued growth in olive oil sales in the second half of FY2025.
• CBO’s olive oil sales increased by 13.5% in 1HFY25 to $123.5m (1HFY24: $108.9m). Packaged goods sales increased 20.9% in the Australian business and 18.5% in the
USA business versus 1HFY24.
• Cobram Estate® branded product sales grew substantially in 1HFY25 in both the USA (103.4% increase) and Australia (25.7% increase) versus the prior period.
• For the half year, the Company’s EBITDA* increased by 75.4% to $14.5m (1HFY24: $8.2m).
• The Group continues to achieve significant growth in operating cashflows, with cash generated from operations increasing 36.2% to $43.6m in 1HFY25 (1HFY24: $32.1m).
• FY2025 is an “on” year for CBO’s Australian groves**. Based on our latest assessment, the FY2025 Australian crop, to be harvested between April and June 2025, is expected to be materially larger than the FY2024 Australian crop, subject to the uncertainties associated with farming.
• Sustained demand for CBO’s extra virgin olive oil, together with the Company’s marketing initiatives, led to robust sales growth and improved trading results in 1HFY25. The Company anticipates continued growth in olive oil sales in the second half of FY2025.
• CBO’s olive oil sales increased by 13.5% in 1HFY25 to $123.5m (1HFY24: $108.9m). Packaged goods sales increased 20.9% in the Australian business and 18.5% in the
USA business versus 1HFY24.
• Cobram Estate® branded product sales grew substantially in 1HFY25 in both the USA (103.4% increase) and Australia (25.7% increase) versus the prior period.
• For the half year, the Company’s EBITDA* increased by 75.4% to $14.5m (1HFY24: $8.2m).
• The Group continues to achieve significant growth in operating cashflows, with cash generated from operations increasing 36.2% to $43.6m in 1HFY25 (1HFY24: $32.1m).
• FY2025 is an “on” year for CBO’s Australian groves**. Based on our latest assessment, the FY2025 Australian crop, to be harvested between April and June 2025, is expected to be materially larger than the FY2024 Australian crop, subject to the uncertainties associated with farming.
