MORE than 14 million litres of olive oil have been milled by Cobram Estate in a bumper harvest season.
Cobram Estate wrapped up its harvest last Thursday, saying the 80 tonnes of olives from its groves, including Boort, had been a 10.2 per cent higher harvest than the last “on-year” harvest in 2023.
“Due to the natural biennial cycle of olive yields, 2025 was, as expected, a higher-yielding crop year in most of our Australian olive groves,” said joint CEOs Leandro Ravetti and Sam Beaton.
They said the result was pleasing “considering the short-term yield reduction following the completion of our replanting program after the 2023 harvest. 
“The removal of approximately 100,000 mature trees (271 hectares) led to a temporary reduction in production, as these trees had previously contributed meaningfully to our output,” they said.
“These trees have since been replaced with ultimately higher-yielding varieties, positioning us for stronger long-term performance. It is worth highlighting that our most recent development at Boort—comprising nearly 150,000 trees across 410 hectares—has not yet commenced production.” Cobram Estate said the olive oil quality produced was “very good, and the company will have sufficient supply to meet the requirements of its packaged goods sales plan through to the 2026 harvest”.
“Following an on-year, the 2026 Australian harvest is considered an ‘off-year’, however the company’s olive trees are in good condition, and when combined with our maturing grove age profile we currently anticipate the 2026 crop will only be moderately lower than that of 2025,” Mr Ravetti and Mr Beaton said.
“The two-year rolling average production from our Australian owned groves is expected to exceed 20 million litres when the currently planted trees reach full maturity. 
“These projections remain subject to the usual variables inherent in agricultural production.”
Cobram Estate told the ASX on Monday that sales in both Australia and the United States continued to remain strong in the second half of the financial year, driven by the demand for high quality, locally produced extra virgin olive oil. 
“We continue to see strong sales results from our premium brand, Cobram Estate, which has been responsible for most of the company’s sales growth in both Australia and the USA. In Australia, we commenced bottling and selling our 2025 harvest … in April 2025, and by June 30, we have sold over 2.7 million litres of 2025 harvest extra virgin olive oil.
Cobram Estate also announced on Monday that due to the rapid growth of its business in the US and the significant opportunities in that market, Mr Ravetti will relocate to California from September 2025.  “This decision made by the company, is aimed at increasing the support provided to the outstanding executive team in the US, better positioning CBO to take advantage of emerging opportunities, and enhancing the interaction between the two locations that are expected to become similar in terms of strategic and economic importance to the business in the medium term,” the announcement said.
Cobram Estate has sealed a $5 million deal to buy Mildura-based Leda Ag, the company building most of the company’s Colossus harvesters. And it anticipates paying a fully franked dividend of 4.5 cents per share in late November  compared with last year’s dividend of 3.3 cents.