Cobram Estate Olives swings to loss in FY26

• Cobram Estate Olives recorded a statutory net loss of $4.2 million for the full year ended June 30.
• Shares in the olive oil producer plunged 16.2% to $2.81 during early trading following the news.
• Higher production costs and increased competition from imported brands created significant profit headwinds across key operations.

Cobram Estate Olives (ASX:CBO) recorded an annual statutory net loss of $4.2 million despite boosting total sales revenue by $269 million.

The financial decline contrasts sharply with the previous fiscal year, when the company reported a statutory net profit of $49.6 million.

The weaker financial outcome was driven by an "off-year" harvest in Australia along with elevated water costs and increased price promotions from imported brands.

The group maintained its full-year dividend payout at 4.5 cents per share despite the bottom-line loss.

Following the announcement, the Cobram Estate Olives share price was down 16.2% at $2.81.

The Australian company operates vertically integrated olive groves across Victoria while aggressively expanding its commercial processing footprint in North America.

The recent acquisition of California Olive Ranch was completed to position the business as a primary producer and marketer of extra virgin olive oil in the United States market.