REG - AEP Plantations PLC - Trading Statement and Notice of Results

AEP PlantationsAnnouncement

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RNS Number : 0927R  AEP Plantations PLC  02 February 2026

2 February 2026

 

 

AEP Plantations Plc

("AEP" or the "Company")

 

Trading Statement and Notice of Results

 

AEP Plantations Plc, which owns, operates and develops sustainable palm-oil
production in Indonesia and Malaysia, today announces a trading update
covering the financial year ended 31 December 2025.

 

 

Operational performance

 

                                   Unit       2025     2024     Variance (%)
 Own FFB production                ('000 mt)  1,080.6  1,019.9  +6%
 External FFB purchased            ('000 mt)  1,170.1  988.9    +18%
 CPO production                    ('000 mt)  425.8    396.7    +7%
 PK production                     ('000 mt)  105.9    93.4     +13%
 Average CPO ex-mill price per mt  ('$/mt)     853      794     +7%
 Average PK ex-mill price per mt   ('$/mt)     731      507     +44%

 

 

For the year ended 31 December 2025, the Group's own fresh fruit bunches
("FFB") production increased by 6%, primarily driven by improved output from
young and matured palms in the Bengkulu and Kalimantan regions in Indonesia.

 

FFB bought-in production increased by 18%, primarily due to new third-party
crop intake at the recently commissioned HPP Mill (North Sumatra) and Bengkulu
region. As a result, total crude palm oil ("CPO") production rose by 7%, while
palm kernels ("PK") production increased by 13%.

 

In 2025, the Group achieved an average mill-gate CPO price of $853 per tonne,
representing a 7% year-on-year increase. Average PK prices also rose
significantly to $731 per tonne, up 44% from $507 in 2024. Pricing showed
resilience in January 2026.

 

Development

 

During 2025, the Group undertook new planting of over 221 hectares and
replanted 2,440 hectares, in line with its five-year 10,000 hectare target, to
sustain long-term productivity and yield improvement.

 

Construction of the Group's eighth mill at KAP Estate, Central Kalimantan, is
on track for completion in December 2026. Earthworks have been completed, with
civil, structural, and fabrication works in progress. Mechanical equipment is
scheduled for delivery in June 2026, while housing and supporting facilities
will be completed progressively by November 2026.

 

As previously announced, flooding in late November 2025 affected the PT Cahaya
Pelita Andhika ("CPA") estate in Central Tapanuli, North Sumatra, however
conditions across the estate have now largely returned to normal and the
flooding will not have a material impact on the Group's overall fruit
production or financial performance.

 

 

Proposed acquisition

 

As announced on 14 October 2025, the Group has entered into a conditional
agreement to acquire Admiral Potential Sdn Bhd, which owns PT Jaya Jadi Utama
in Central Kalimantan, for a total consideration of Rp150 billion
(approximately USD 9.0 million).

 

Progress on the proposed acquisition continues and remains subject to the
satisfactory completion of due diligence and conditions precedent. A further
announcement will be made on completion.

 

Notice of Results

 

AEP will announce full-year results for the twelve months to 31(st) December
2025 by the end of April 2026.

 

 

Marcus Chan Jau Chwen, Executive Director (Corporate Affairs), said:

 

"We are delighted with the operational progress we have made during the course
of the year.

 

As well as managed replanting, our objective, over time, is to sustainably
lift yields through improved agronomic practices and tighter estate
management, including the use of enhanced monitoring systems.

 

Our business has been supported by a strong pricing environment, giving us
good cash flow, which provides a solid financial base to support future growth
and deliver long-term shareholder value."

 

 

 

Enquiries:

 

 AEP Plantations Plc                                                +44 (0) 20 7216 4621
 Marcus Chan Jau Chwen, Executive Director (Corporate Affairs)
 Kevin Wong Tack Wee, Group Chief Executive Officer

 Montfort

 Ann-marie Wilkinson, Shireen Farhana, Catherine Winterton          aep@montfort.london

 Cavendish Capital Markets Limited - Financial Adviser and Broker   +44 (0) 20 7220 0500
 Matt Goode, George Lawson, Trisyia Jamaludin (Corporate Finance)
 Tim Redfern, Harriet Ward (Corporate Broking)

 

 

 

Note: The information communicated in this announcement is inside information
for the purposes of Article 7 of Market Abuse Regulation 596/2014 as it forms
part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

Glossary

 

FFB      Fresh Fruit Bunch

CPO     Crude Palm Oil

PK        Palm Kernel

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