REG - Dekel Agri-Vision - February Palm Oil & Cashew Update

Dekel Agri-VisionAnnouncement

10/03/2026 07:00

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RNS Number : 0242W  Dekel Agri-Vision PLC  10 March 2026

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.

 

10 March 2026

 

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

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

February Palm Oil Production Update and Cashew Operation Update and Corporate
update

 

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 a February production update for its Ayenouan palm oil project in
Côte d'Ivoire ('Palm Oil Operation') and an update at the cashew processing
plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').

 

Key Performance Metrics: February 2026 vs. February 2025

·      Crude Palm Oil (CPO) Production: CPO production in February 2026
improved significantly compared to January 2026, although remained 15.5% lower
than February 2025. Importantly, the CPO high season has now clearly
commenced, with a notable uplift in production observed towards the end of
February. This momentum has continued into March, where a material increase in
monthly production volumes is expected. The CPO extraction rate for February
was 21.6%, in line with historical averages for the period.

·      CPO Sales Prices: CPO selling prices remained strong at €973
per tonne during the month. The outlook for CPO prices continues to be
buoyant, with international prices continuing to trade above €1,000 per
tonne.

·      Palm Kernel Oil (PKO) Sales and Prices: PKO sales and production
continue to be a strong contributor to the Palm Oil Operation's performance,
with PKO prices in February 2026 up 12.3% compared to February 2025.

·      Cashew Operation: Raw Cashew Nut (RCN) Processing:

o  As announced last month, RCN processing was temporarily reduced from full
capacity in order to preserve existing stock ahead of the RCN buying season,
which has now begun. Processing returned to expected daily run-rate levels in
late February, with operations returning to full capacity during March.

o  Working capital facilities are in place to support RCN purchasing, and the
Group has also commenced the processing of third-party RCN in March, which has
proven to be a successful initiative.

o  Quarterly production and sales data for the cashew operation will be
reported in April 2026.

 

                                              Feb-26    Feb-25    Change

 FFB processed (tonnes)                       13,632    16,125    -15.5%
 CPO Extraction Rate                          21.6%     21.9%     -1.4%
 CPO production (tonnes)                      2,939     3,527     -16.7%
 CPO Sales (tonnes)                           2,188     3,177     -31.1%
 Average CPO price per tonne                  €973      €950      2.4%
 Palm Kernel Oil ('PKO') production (tonnes)  173       217       -20.3%
 PKO Sales (tonnes)                           115       299       -61.5%
 Average PKO price per tonne                  €1,335    €1,189    12.3%

Corporate update

The Company expects to release its audited results for the financial year
ended December 2025 by late June. Subject to any changes as a result of the
audit process the board expects to report Group EBITDA in excess of 3m euros
and a Group loss before tax of less than 3m euros.

 

Youval Rasin, Dekel's Chief Executive Officer, said: "The commencement of the
palm oil high season has already resulted in a noticeable uplift in production
towards the end of February, with further improvement expected through March.
In addition, our cashew processing operations have also returned to full
capacity following the start of the raw cashew nut buying season. Together
with continued strong CPO pricing, this provides positive operational momentum
as we enter the key production period for the year."

 

** 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

 

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 scaling up production.

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