REG - Dekel Agri-Vision - April Palm Oil & Cashew Operation Update

Dekel Agri-VisionAnnouncement

12/05/2025 07:00

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RNS Number : 1648I  Dekel Agri-Vision PLC  12 May 2025

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

12 May 2025

 

Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

April Palm Oil Production Update and Cashew Operation Continued Momentum

 

Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused
on building a portfolio of sustainable and diversified projects, is pleased to
provide an April production update for its Ayenouan palm oil project in Côte
d'Ivoire ('Palm Oil Operation'), along with continued positive momentum in the
operational performance of the cashew processing plant at Tiebissou, Côte
d'Ivoire (the 'Cashew Operation').

 

The Palm Oil Operation has maintained its strong start to 2025, with Crude
Palm Oil ('CPO') sales prices remaining significantly higher year-on-year,
while production levels are broadly in line with the same period last year.

 

Key Performance Metrics: April 2025 vs. April 2024

·      CPO Production: 4,375 tonnes, representing a modest year-on-year
decrease of 2.8%. Fresh Fruit Bunches (FFB) processed remained broadly
consistent, though the CPO extraction rate was slightly lower than in April
2024.

·      CPO Sales Volume: Down 15.1%, primarily due to timing
differences. April 2024 included atypically high sales volumes due to stock
clearance activities, which is not reflective of underlying demand.  Local
demand for CPO remains strong.

·      CPO Sales Price: Up 24.1% to €964 per tonne, supported by
continued strength in international pricing. Local market prices are now
broadly aligned with global benchmarks.

·      Palm Kernel Oil ('PKO') Sales Price:  PKO prices remain at
historically elevated levels, recording a 74.7% increase in prices.

·      CPO Sales Revenue: April 2025 revenue is expected to be
approximately 5% higher than April 2024, with the benefit of stronger CPO and
PKO pricing more than offsetting the atypically high April 2024 sales volumes.

·      Cashew Operation: Operational improvements reported in the Q1
2025 update have continued, further reinforcing the turnaround. Key monthly
like-for-like production KPIs remain materially ahead of April 2024.

o  Quarterly production and sales data will be published in July.

o  The Group reiterates guidance for a significantly improved full-year
performance in 2025, including its first-ever EBITDA-positive result.

 

                                              April-25  April-24  Change

 FFB processed (tonnes)                       20,019    20,012    0%
 CPO Extraction Rate                          21.9%     22.5%     -2.7%
 CPO production (tonnes)                      4,375     4,502     -2.8%
 CPO Sales (tonnes)                           4,939     5,815     -15.1%
 Average CPO price per tonne                  €964      €777      24.1%
 Palm Kernel Oil ('PKO') production (tonnes)  314       230       36.5%
 PKO Sales (tonnes)                           193       265       -27.2%
 Average PKO price per tonne                  €1,326    €759      74.7%

 

Lincoln Moore, Dekel's Executive Director, said: "April 2025 marked continued
strong momentum in our Palm Oil Operation, with year-to-date revenue up
approximately 30% year-on-year, driven by sustained strength in CPO and PKO
pricing. In addition, our Cashew Operation is delivering consistent
performance improvements, cementing the turnaround and positioning the cashew
business to achieve its first EBITDA-positive year in 2025."

 

** ENDS **

 

For further information, please visit the Company's website
www.dekelagrivision.com or contact:

 

 Dekel Agri-Vision Plc                     +44 (0) 207 236 1177

 Youval Rasin

 Shai Kol

 Lincoln Moore

 Zeus (Nomad and Joint Broker)             +44 (0) 203 829 5000

 James Joyce

 Darshan Patel

 John Moran

 Optiva Securities Limited (Joint Broker)  +44 (0) 203 137 1903

 Christian Dennis

 Daniel Ingram

 

Notes:

Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company
focused on West Africa. It has a portfolio of projects in Côte d'Ivoire at
various stages of development: a fully operational palm oil project in
Ayenouan where fruit produced by local smallholders is processed at the
Company's 60,000tpa capacity crude palm oil mill and a cashew processing
project in Tiebissou, which is currently transitioning to full commercial
production.

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