Highlights

  • Cobram Estate Olives operates as a vertically integrated olive oil producer with operations in Australia and the United States.
  • FY2026 olive oil sales Revenue increased to A$265.5 million.
  • The company completed the California Olive Ranch Acquisition during FY2026.
  • FY2026 results reflected the impact of harvest conditions, production factors and integration activity.

Cobram Estate Olives Limited (ASX:CBO) is a vertically integrated producer of extra virgin olive oil, managing activities from olive growing and milling through to packaging and branded sales. The company operates across Australia and the United States, with brands including Cobram Estate, Red Island, California Olive Ranch and Lucini.

Recent Development

Cobram Estate published its 2026 Annual Report for the year ended 30 June 2026 on 28 August 2026. Group olive oil sales revenue increased to A$265.5 million from A$237.4 million. Normalised EBITDA was A$61.4 million, while normalised Earnings before tax was A$13.0 million. The company reported a net loss after tax of A$4.2 million.

Business Operations

The company manages approximately 15,600 hectares and 6.2 million trees, supported by four mills and 49 harvesters. Its Australian operations include the Cobram Estate and Red Island brands, while its United States operations include California Olive Ranch and Lucini.

Operational Position

The acquisition of California Olive Ranch was completed on 26 March 2026 at a headline price of US$173.5 million. United States packaged goods sales increased to A$87.5 million from A$53.7 million. Australian olive oil production was 11.1 million litres in FY2026, compared with 14.2 million litres previously.

Key Factors to Monitor

Future company updates may provide information on harvest conditions, production levels, integration of California Olive Ranch, Debt management and progress against operational objectives.

Risks

Olive production is affected by harvest conditions, oil content and water availability. The company also faces integration considerations following its United States acquisition and changing conditions within global olive oil markets.

Key Insights

Cobram Estate Olives' FY2026 results reflect a period of operational change following acquisition activity and varying agricultural conditions. Future disclosures will provide further information on production performance, integration progress and financial outcomes.