UK's AEP Plantations H1 revenue, pretax profit climb on Pinago acquisition

AEP Plantations

02/09/2026 07:14

Overview
Plantation operator's H1 revenue rose 8.3% yr/yr on Pinago acquisition
Profit before tax up 5.1%, aided by $9.1 mln non-recurring gain from Pinago deal
Company returned $25.9 mln to shareholders via dividends and share buybacks

Outlook
Company expects CPO prices to remain firm for the rest of 2026, supported by demand
Company to benefit from full six months trading from Pinago acquisition in H2
Company says it remains confident of achieving market expectations for the full year

Result Drivers
PINAGO ACQUISITION - Revenue and profit growth driven by Pinago acquisition, which added mature plantation area and contributed $18.3 mln in revenue and $3.5 mln in profit before tax
PRODUCTION VOLUMES - Higher own and external FFB production, especially in Kalimantan and from Pinago, supported CPO and PK output
REPLANTING IMPACT - Ongoing replanting programme and delayed cropping cycle in North Sumatra and Riau weighed on underlying profit before tax

Company press release: ID:nRSB9672Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$249.70 mln
 
H1 Pretax Profit
 
$65.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for AEP Plantations PLC is GBp228.00, about 12.9% above its September 1 closing price of GBp202.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)