Cobram Estate Olives Completes Share Issue To Fund Us Expansion

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Australia’s Cobram Estate Olives (CBO) has received commitments for backing of A$175m ($115.6m) to money its US description .

CBO said it had completed a stock placement pinch institutions priced astatine A$3.2 per share.

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The institution plans to raise an other A$10m done a non-underwritten “share acquisition plan”.

In a connection yesterday (9 September), nan shaper of nan Cobram Estate olive-oil marque said nan costs will beryllium directed towards buying onshore connected which it would create astir 1,600ha of oliva groves.

CBO intends to beryllium complete nan task by nan extremity of 2027.

Non-executive chair and co-founder Rob McGavin said nan institution sees “significant potential” for nan US “to replicate – and yet surpass – nan occurrence of our Australian business”.

CBO wants to turn its full freehold onshore successful California to astir 4,500ha, pinch planted grove areas expected to summation to astir 3,600ha.

At afloat maturity, nan groves are anticipated to output much than 9 cardinal litres of other virgin oliva lipid a year. At present, nan company’s US groves nutrient 0.5 cardinal litres per year.

The US has go progressively important for CBO, accounting for complete a 4th of its oliva lipid sales.

For nan 12 months ended 30 June 2025, nan company’s gross accrued by 22.1% to A$335.4m.

CBO reported a nett profit aft taxation of A$49.6m, a important summation of 168.1% from FY2024.

The company’s EBITDA accrued by 74.8%, to A$116.6m.

In FY2025, CBO’s US operations reported an EBITDA of A$6.6m, marking a 14.7% summation from nan erstwhile year.

CBO attributed nan maturation to “strong” income of Cobram Estate branded products, starring to an summation successful nan wide gross income value per litre.

Sales of Cobram Estate products successful nan US much than doubled to A$42.3m, up from A$21m successful FY2024, accounting for 65.4% of full US sales.