UK's Camellia H1 revenue falls 3%, trading loss narrows

Camellia

03/09/2026 07:10

Overview
UK agricultural group reported H1 revenue down 3% yr/yr due to tea garden disposals
Seasonal trading loss narrowed on cost discipline, efficiency measures and improved yields and pricing
Company completed major non-core asset disposals and advanced four growth projects

Outlook
Company says full-year results remain difficult to predict due to crop yield and price uncertainty
Camellia expects Bangladesh tea production in 2026 at 13.5-14.5 mln kg and price at Tk230-250/kg
Company sees India bulk tea production for 2026 at 28-30 mln kg and price at Rs245-265/kg

Result Drivers
COST DISCIPLINE - Co said improved trading loss was driven by strong cost discipline and efficiency measures
ASSET DISPOSALS - Profits on disposals of non-core assets contributed to overall profitability
OPERATIONAL IMPROVEMENTS - Better yields and pricing in tea businesses helped narrow trading loss

Company press release: ID:nRSC1791Ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 104.60 mln
 
H1 EPS
 
GBP 4.67
 
H1 Net Income Attributable to Shareholders
 
GBP 11.80 mln
 
H1 Adjusted Pretax Loss
 
GBP 3.30 mln
 
H1 Pretax Profit
 
GBP 15.60 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the fishing & farming peer group is "buy."
The stock recently traded at 194 times the next 12-month earnings vs. a P/E of 186 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.)