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

Dekel Agri-VisionAnnouncement

10/02/2025 07:00

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RNS Number : 3957W  Dekel Agri-Vision PLC  10 February 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.

 

10 February 2025

 

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

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

January Palm Oil Production Update and Positive Cashew Operation 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 January 2025 production update for its Ayenouan palm oil project in
Côte d'Ivoire ('Palm Oil Operation') as well as continued positive progress
regarding the operational performance of the cashew processing plant at
Tiebissou, Côte d'Ivoire (the 'Cashew Operation').

 

The Palm Oil Operation has had a strong start to 2025, with Crude Palm Oil
('CPO') sales prices significantly higher than in January 2024, while
production remains largely in line with last year.

Key Performance Metrics: January 2025 vs. January 2024

 

·      CPO Production: 2,766 tonnes, a slight decrease of 2.6%.

·      CPO Extraction Rate: Improved by 5.7% to 22.2%.

·      CPO Sales Volume: Increased by 14.2%, driven by the sale of
December 2024 year-end stock.

·      CPO Sales Price: Up 34.9% to €994 per tonne, reflecting
continued strength in international CPO prices.

·      Palm Kernel Oil ('PKO') Sales Price: Saw a substantial rise
compared to prior months as recent increases in international PKO prices are
now being reflected locally.

·      CPO Sales Revenue: January 2025 revenue showed a significant
increase compared to the same period last year. With international CPO prices
remaining near historical highs and production expected to rise as the high
season begins later this month, this strong performance is likely to continue
in the coming months.

                              Jan-25    Jan-24  Change

 FFB processed (tonnes)       12,454    13,508  -7.8%
 CPO Extraction Rate          22.2%     21.0%   5.7%
 CPO production (tonnes)      2,766     2,839   -2.6%
 CPO Sales (tonnes)           2,667     2,336   14.2%
 Average CPO price per tonne  €994      €737    34.9%
 PKO production (tonnes)      175       173     -1.2%
 PKO Sales (tonnes)           87        Nil     n/a
 Average PKO price per tonne  €1,067    n/a     n/a

 

·      Cashew Operation: The recent positive trend in Cashew Operations
has continued, and we remain committed to reporting quarterly production and
sales data throughout 2025. We anticipate significantly improved results,
including achieving our first-ever EBITDA-positive performance in the year
ahead.

 

Lincoln Moore, Dekel's Executive Director, said: "The Palm Oil Operation began
2025 on a strong note, with CPO sales prices increasing by 34.9% compared to
January 2024. Improved extraction rates and higher sales volumes have also
driven significant revenue growth. With international prices expected to
remain high and production set to increase, this positive trend is anticipated
to continue in the coming months."

 

 

** 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 Capital Ltd (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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