REG - Anglo-Eastern Plant. - Trading Statement

Anglo-Eastern PlantationsAnnouncement

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RNS Number : 5890F  Anglo-Eastern Plantations PLC  31 October 2025

31 October 2025

 

 

Anglo-Eastern Plantations Plc

("AEP" or the "Company")

 

Trading Statement

 

Anglo-Eastern Plantations Plc, which owns, operates and develops sustainable
palm-oil production in Indonesia and Malaysia, today announces a trading
update covering the nine months to 30 September 2025.

 

 

Operational and financial performance

 

                                   Unit       9-months              9-months                  Variance (%)
                                   2025                             2024
 Own FFB production                ('000 mt)  816.2                 764.8                     +7%
 External FFB purchased            ('000 mt)  883.6                 733.1                     +21%
 CPO production                    ('000 mt)  321.5                 297.7                     +8%
 PK production                     ('000 mt)  79.5                  69.7                      +14%
 Average CPO Ex-mill price per mt  ('$/mt)             855                     768            +11%
 Average PK Ex-mill price per mt   ('$/mt)             734                     459            +60%

 

 

For the nine months ended 30 September 2025, the Group's own fresh fruit
bunches ("FFB") production increased by 7%, primarily driven by improved
output from young and matured palms in the Bengkulu and Kalimantan regions in
Indonesia.

 

FFB bought-in production increased by 21% primarily driven by new third-party
crop intake at the recently commissioned HPP Mill (North Sumatra), to ensure
the efficient operation of the new mill. As a result of these factors, total
CPO production rose by 8%, while PK production also increased by 14%.

 

For the nine months ended 30 September 2025, the average CPO ex-Rotterdam
price stood at $1,212/mt, up 17% from $1,040/mt in the same period of 2024.
Meanwhile, the average ex-mill price also rose by 11%.

 

The Group's financial position remains robust, supported by a solid balance
sheet with no outstanding bank borrowings. As at 30 September 2025, the Group
reported cash and cash equivalents, including short-term investments, of
approximately $240 million, compared to $183 million as at 31 December 2024,
following dividend payments and share buybacks of $25.6 million. The increase
reflects resilient cash generation and strategic capital management,
reinforcing the Group's capacity to fund future growth and deliver long-term
value to shareholders.

 

Development

 

During the first nine months of 2025, the Group undertook new planting of over
124 hectares and replanted 1,614 hectares, in line with its five-year target
to replant around 10,000 hectares to sustain long-term productivity and yield
improvement.

 

Construction of the Group's eighth mill on the KAP estate in Kalimantan is on
track for completion in December 2026. Earthworks have been substantially
completed, with housing, water reservoir, and effluent facilities under
construction. Structural and mechanical works are scheduled to commence in
November 2025.

 

Proposed Acquisition

 

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). The
acquisition will be financed through internal cash reserves.

 

This strategic initiative will expand the Group's landbank and enhance FFB
supply for the new KAP mill. The acquisition is subject to the satisfactory
completion of due diligence.

 

Outlook

 

CPO prices are likely to trade within a steady range through the remainder of
the year. The planned implementation of Indonesia's Biodiesel B50 mandate,
targeted for mid-2026 to replace the current B40 program, is expected to raise
domestic consumption. This development is likely to tighten supply and provide
support to CPO prices going forward.

 

 

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

 

"We've achieved good operational progress in the first nine months, with
further strategic land acquisition opportunities ahead. Elevated crude palm
oil prices have strengthened cash generation, giving us a solid financial base
to support future growth and deliver long-term shareholder value."

 

 

Enquiries:

 

 Anglo-Eastern 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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