REG - Camellia PLC - Trading Update

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RNS Number : 9180T  Camellia PLC  23 February 2026

23 February 2026
Camellia Plc

('Camellia', the 'Company')

Trading Update and Full Year Crop Performance for 2025

'Improved trading performance compared with the prior year'

Camellia is pleased to announce its key crop production and price results for
the year ended 31 December 2025. The Company expects to report an improved
trading performance compared with the prior year, with an approximate
break-even trading result for 2025 compared with a trading loss of £5.5
million in 2024. The Company also announces the strengthening of its senior
team and notes the signing of a memorandum of understanding in connection with
the proposed sale of an Indian tea estate.

Trading Update

Camellia anticipates an approximate break-even trading result for 2025,
compared to a loss of £5.5 million in 2024. This anticipated outcome has
arisen through improved trading results in Bangladesh, Brazil and Malawi,
offset by poorer year-on-year results in EP Kenya and India. The improved
trading performance was largely derived from better crop prices and yields,
with some additional early-stage contributions from concerted management
actions under the Value Enhancement Plan (VEP) announced last year.

The VEP, based on a medium-term view, is designed to support improved
operating results and increased growth investment, while also reducing the
overall risk profile of the Company. This includes realising the significant
potential within the operating companies and disposing of higher risk and
less predictable operating assets. The Company will report its financial
results for the 12 months ended 31 December 2025 ('Final Results') at the
beginning of May 2026, at which time it will provide operational and strategic
updates including areas of progress under the VEP.

Key Crops Production and Price Table:

                                       2025       2024
 India                                 Actual     Actual
 Own tea production     (million kg)   27.8       27.9
 Ave. tea sales price   (INR / kg)     268        264
 Bangladesh
 Own tea production     (million kg)   13.5       15.2
 Ave. tea sales price   (BDT / kg)     222        176
 EP Kenya
 Own tea production     (million kg)    12.2      16.5
 Ave. tea sales price   (USD / kg)     1.78       1.84
 EP Malawi
 Own tea production     (million kg)    19.9      20.2
 Ave. tea sales price   (USD / kg)     1.13       1.18
 Macadamia production   (tonnes)       528        267
 Ave. mac' sales price  (USD / kg)     11.5       7.02
 EPSA
 Macadamia production   (tonnes)       411        416
 Ave. mac' sales price  (USD / kg)     10.92      7.94
 Brazil
 Soya production        (tonnes)       17,630     13,700
 Ave. soya sales price  (BRL / tonne)  2,127      2,138
 Maize production       (tonnes)       16,946     11,733
 Ave maize sales price  (BRL / tonne)  1,102      1,020
 Kakuzi*                               2025       2024
                                       H1 Actual  H1 Actual
 Avocado production     (k cartons)    901        1,118
 Ave. avo' sale price   (€/ carton)    4.29       5.17
 Macadamia production   (tonnes)       413        293
 Ave. mac' sales price  (USD / kg)     11.56      7.54

 

* As Kakuzi is a listed entity and has not yet published full year results,
the results shown and the comparatives for 2024 reflect the half year results

Appointment of Director of Corporate Development

Camellia is pleased to announce the appointment of Simon Morgan to the newly
created non-board role of Director of Corporate Development. Simon's
responsibilities will be primarily focussed on the 'Invest in Growth' element
of the VEP.

Simon was most recently a Partner at Silver Street Capital LLP, where he spent
13 years. Prior to this, he worked for 16 years at Standard Bank Plc,
latterly leading the Bank's emerging markets infrastructure private equity and
credit funds business focused on Africa, the Middle East and Southeast Asia.
He brings deep corporate finance expertise, a strong understanding of
agribusiness value creation and significant investment experience across East
and Southern Africa. Most recently, Simon has worked as a consultant advising
on agriculture strategy, joint ventures, restructuring, acquisitions and
disposals, and capital structuring.

Proposed Sale of Barnesbeg Tea Estate

Camellia notes the announcement by Goodricke Group Limited (a 74% owned Indian
subsidiary of Camellia) on 20 February 2026 to the Bombay Stock Exchange, of
the signing of a memorandum of understanding in connection with the proposed
sale of its Barnesbeg Tea Estate.

This announcement contains inside information under Article 7 of the Market
Abuse Regulation (EU) No. 596/2014, as part of UK domestic law via the
European Union (Withdrawal) Act 2018.

Enquiries:

Camellia
Plc
01622 746655 / investorrelations@camellia.co.uk
(mailto:investorrelations@camellia.co.uk)

Byron Coombs, Chief Executive

Oliver Capon, Chief Financial Officer

Panmure Liberum (Nominated Adviser and Broker)             020
7886 2500

Emma Earl / Will Goode

Rupert Dearden

Equitory Limited (Investor
Relations)
       07909918034

Catherine Miles

H/Advisers Maitland (Financial PR)
                                    07785
292617

William
Clutterbuck

Investors can register to receive updates and news from the Company by
registering their email address at investorrelations@camellia.co.uk
(mailto:investorrelations@camellia.co.uk) .

About Camellia:

Camellia Plc is the ultimate holding company of a group of agricultural
businesses incorporated in jurisdictions across the world (the 'Operating
Companies'), while also owning and operating other assets outside of
agriculture.

Camellia's purpose is to grow and nurture agricultural businesses and assets
of the highest quality - creating value for today's shareholders, while
investing for the long term. Camellia's Operating Companies are committed to
working fairly, sustainably and with integrity for the wellbeing of their
employees, communities, and the natural environment.

The Operating Companies collectively own and manage circa 50,000 hectares of
mature land across seven countries (Bangladesh, Brazil, India, Kenya, Malawi,
South Africa, and Tanzania).

The majority of the Group's revenue is derived from the growing of tea,
avocado, macadamia, rubber, wine grapes, blueberries, arable crops, forestry
and livestock. The Operating Companies have well-established and
industrial-scale operations, with reputations for high-quality products.

 

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