Cobram Estate Olives

What Cobram Estate Olives does

Cobram Estate Olives Limited (ASX: CBO) is a vertically integrated, publicly listed producer and marketer of premium extra virgin olive oil (EVOO) headquartered in Lara, Victoria, Australia. Founded in 1998 by Paul Riordan and Rob McGavin, the company operates a tree-to-table model spanning freehold olive grove ownership, on-site milling, bottling, storage, and brand marketing across Australia and the United States. As of FY25, it manages approximately 10 million olive trees across 10,000+ hectares of freehold and leased land, with 280 tonnes/hour of combined milling capacity, 33.2 million litres of storage, and 46 harvesters. The portfolio includes five owned retail brands — Cobram Estate (#1 olive oil brand in Australian supermarkets by dollar value), Red Island (#3 in Australia), California Olive Ranch (#1 Californian brand in US supermarkets after the March 2026 acquisition), Cobram Estate USA (#2 Californian brand), and Lucini (#1 super premium EVOO in the USA) — plus technical services and laboratory testing through Modern Olives.

The company's competitive position is built on the proprietary Oliv.iQ integrated olive production system developed over 25+ years, which the company reports delivers yields approximately 9x the global average and 37% lower water consumption per ton than industry best practice (validated by a 2019 UC Davis independent report). Custom Colossus and Optimus mechanical over-the-row harvesters, now produced in-house following the 2025 acquisition of Leda Ag, underpin an efficient harvest operation. The company earns revenue across three streams: branded EVOO retail sales (the largest), private label supply to major supermarket chains in Australia and the USA, and bulk olive oil sales to food service, food manufacturing, and industrial customers. Secondary revenue is generated through Modern Olives laboratory services and Australia's largest olive tree nursery.

In FY25, Cobram Estate reported revenue of A$241.7 million (A$177.6M Australia, A$60.8M US), EBITDA of A$116.4 million (up 75% YoY), operating cash flow of A$83 million, and net income of A$49.6 million. The March 2026 acquisition of California Olive Ranch for ~A$260M approximately doubled the US footprint to ~3,292 hectares and lifted share of California olive oil output to ~70%. The deal was funded via two A$175M/A$178M institutional placements in late 2025, which reduced net debt to 21.7% and extended debt facilities through February 2029. GTM is sales-led through direct enterprise relationships with major retailers (Coles, Woolworths, and US supermarket chains), supplemented by bulk oil direct sales and an export channel run from Melbourne.

Name

Cobram Estate Olives

Legal name

Cobram Estate Olives Limited

Website

https://cobramestateolives.com.au

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Cobram Estate Olives (ASX: CBO) is a vertically integrated Australian producer and marketer of premium extra virgin olive oil, supplying owned brands (Cobram Estate, Red Island, California Olive Ranch, Lucini) plus private label to major supermarket chains in Australia and the USA.

Ownership category

akta.pro rank

Product category

Premium Extra Virgin Olive Oil Production

NAICS

Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Fats & Oils (2070)

akta.pro primary industry

Olive Oil Production & Bottling (AFAKAEAC)

akta.pro secondary industries

Olive Groves (Olives for Oil & Table) (AFAGACAG), Virgin & Cold-Pressed Culinary Oils (AFAJALAB), Edible Oil Packaging, Bottling & Private Label Manufacturing (AFAKAEAJ)

Keywords

• Extra virgin olive oil
• Olive oil production
• Olive grove management
• Private label manufacturing
• Bulk olive oil supply

Headquarters

HQ city

Lara

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Extra Virgin Olive Oil Sales: Vertically integrated production and sale of premium extra virgin olive oil through owned brands including Cobram Estate, Red Island, California Olive Ranch, and Lucini. Also supplies private label/retailer brand products. Revenue split between Australian operations (A$177.6 million) and US operations (A$60.8 million).
2. Bulk Oil Sales: Sale of bulk olive oil to food service, food manufacturing, and industrial customers. Management noted stronger non-EVOO bulk sales expected to benefit second-half performance.
3. Private Label Manufacturing: Supplying retailers with private label products while building own premium brands. Major channel for revenue alongside branded products.
4. Olive Tree Nursery & Laboratory Services: Modern Olives operates Australia's largest olive tree nursery and provides technical laboratory services to olive industry including chemical tests, sensory analysis, blending advice, and R&D.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Cobram Estate Olives produces, mills, bottles, and markets premium extra virgin olive oil (EVOO) under a portfolio of owned brands (Cobram Estate, Red Island, California Olive Ranch, Lucini), operating freehold olive groves and processing facilities in Victoria, Australia and California, USA. The company also manufactures private label olive oil for major retailers and sells bulk olive oil to food service, food manufacturing, and industrial customers. Its Modern Olives subsidiary provides accredited laboratory testing, sensory analysis, and olive nursery services to the olive industry.

Product overview

Cobram Estate Olives is a vertically integrated olive oil producer offering a portfolio of premium extra virgin olive oil brands. The portfolio includes Australian brands (Cobram Estate®, Red Island®) and US brands (Cobram Estate® USA, California Olive Ranch®, Lucini® USA). The company also provides technical services through Modern Olives® (laboratories and nursery) and uses its proprietary Oliv.iQ® integrated production system. The company operates on a tree-to-table model, managing cultivation, harvesting, milling, bottling, and marketing.

Differentiator

Problem solved

Functional benefit

Brands

• Cobram Estate: Flagship retail brand and Australia's most awarded extra virgin olive oil, and #1 selling olive oil brand in Australian supermarkets by dollar value. Also operates in USA as #2 Californian olive oil brand.
• Red Island
• California Olive Ranch
• Lucini
• Modern Olives
• Oliv.iQ

Products and services

• Cobram Estate® (Australian EVOO brand) Flagship Australian premium extra virgin olive oil brand; Australia's most awarded EVOO and #1 selling olive oil brand in Australian supermarkets by dollar value (IRI Australian scan data, total supermarket, dollar sales, FY2025).
• Red Island® (Australian EVOO brand) Australian extra virgin olive oil brand picked, pressed, and packed in Australia from fresh Aussie olives; #3 selling extra virgin olive oil brand in Australian supermarkets by dollar value.
• Cobram Estate® USA (US EVOO brand) US-market Cobram Estate 100% Californian extra virgin olive oils produced with oversight from tree to table; olives cold pressed within hours for maximum freshness; #2 brand of Californian olive oil sold in US supermarkets.
• California Olive Ranch® USA (US EVOO brand) #1 brand of Californian olive oil sold in USA supermarkets and #1 in the natural channel; high-quality extra virgin olive oil with sustainable farming practices, cold-pressed production, end-to-end traceability, and reliance on California-grown olives.
• Lucini® USA (US super premium EVOO brand) #1 super premium EVOO brand in the USA; Lucini cold-pressed extra virgin olive oils rigorously tested to meet some of the industry's highest standards.
• Modern Olives® (Olive industry technical services) Leading provider of technical services to the olive industry, operating accredited analytical laboratories in Australia and USA offering chemical tests, sensory analysis, blending advice, and R&D projects; accredited by AOCS, NATA, ISO, and TGA; also operates Australia's largest olive tree nursery. Twice recognized by AOCS as the world's most accurate olive oil laboratory.
• Private Label Olive Oil Manufacturing Vertically integrated private label EVOO manufacturing service supplying major Australian and US supermarket retailers alongside the company's branded premium offerings.
• Bulk Olive Oil Supply Bulk olive oil sales to food service companies, food manufacturers, hospitals, and other industrial users; orders handled through dedicated [email protected] channel with quote-based pricing.

Quantifiable outcome

• Yields nine times higher than global average from mature trees
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• California Olive RanchcoreStrategic or Co-development Partner · 24 December 2025Acquired California Olive Ranch from investment firm Solum Partners for ~$260 million in March 2026. This major acquisition expanded Cobram's US footprint to ~70% of California's olive oil output. California Olive Ranch was founded in 1998 and became the first Certified Regenerative North American olive oil company.

Scale indicators17 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• Deoleo: Deoleo is the world's largest olive oil company, owning brands such as Bertolli and Carapelli. It is the most direct global comparable to Cobram Estate Olives, competing across branded olive oil portfolios with multinational distribution and competing for the same retailer shelf space and private label contracts.
• Sovena: Sovena is a major Portuguese vertically integrated olive oil producer with own groves, milling, bottling, and branded retail products. Its integrated business model and multi-country distribution closely mirror Cobram's vertically integrated tree-to-table strategy across consumer and private label channels.
• Pompeian: Pompeian is a leading US olive oil brand and major private label supplier headquartered in Baltimore. It competes directly with California Olive Ranch and Cobram Estate in US supermarkets and foodservice channels, offering comparable products across price tiers and the same private label manufacturing model.
• Colavita USA: Colavita is a family-owned Italian olive oil producer with strong US retail distribution. It competes with Cobram's US brands (California Olive Ranch, Lucini, Cobram Estate USA) in the premium and super-premium segments of US supermarkets and specialty retail.
• Star Fine Foods: Star Fine Foods is a US-based Mediterranean foods company specializing in olive oil and vinegars. It serves similar US foodservice and retail channels as Cobram and competes in the same private label and branded premium EVOO categories.
• Corto Olive: Corto Olive is a California-based extra virgin olive oil producer with own groves in the Central Valley. It is the most direct geographic comparable to Cobram's California operations in terms of regional growing conditions, vertically integrated production, and US retail distribution.
• Ybarra Group: Ybarra is a Spanish olive oil and food producer with a multi-generational brand presence in European and international markets. It is comparable to Cobram in product category (branded and private label EVOO), vertically integrated operations, and cross-channel retail distribution.

Broad incumbents

• Minerva Foods: Minerva Foods is one of the largest South American food producers, with a global beef and branded foods portfolio. While not a direct olive oil specialist, it operates as a broad incumbent in branded protein and food categories with comparable vertically integrated agribusiness operations and multi-country distribution scale.

Emerging players

• Brightland: Brightland is a US-based premium olive oil startup focused on direct-to-consumer distribution and premium positioning. It targets the same super-premium consumer segment as Cobram's Lucini brand with a digitally native, design-led approach, representing a smaller, faster-growing entrant.
• McEvoy Ranch: McEvoy Ranch is a California-based premium olive oil producer focused on organic and estate-grown extra virgin olive oils. It competes with Cobram's Lucini and California Olive Ranch in the super-premium and specialty retail channels in the US West Coast market.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks2 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cobram-estate-olives-limited
• Xx.com/boundarybend

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cobram Estate Olives