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

Dekel Agri-VisionAnnouncement

10/06/2025 07:00

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RNS Number : 0636M  Dekel Agri-Vision PLC  10 June 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 June 2025

 

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

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

May 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 a May 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').

 

Key Performance Metrics: May 2025 vs. May 2024

·      Crude Palm Oil ('CPO') Production: 3,369 tonnes, representing a
decrease of 22.9%. Fresh Fruit Bunches ('FFB') processed softened as we move
towards the end of the high season and the CPO extraction rate was slightly
lower than in May 2024.

·      CPO Sales Volume: Down 14.0%, largely reflecting the lower CPO
production levels in May.  Local demand for CPO remains strong.

·      CPO Sales Price: Up 23.0% to €956 per tonne.  Local CPO market
prices are now consistent with global benchmarks.

·      Palm Kernel Oil ('PKO') Sales Price:  PKO prices remain very
high, recording a 56.9% increase in prices.

·      CPO Sales Revenue: May 2025 revenue is expected to be
approximately c.4% lower than May 2024, with continued high CPO and PKO
pricing offsetting lower May 2024 sales volumes.

·      Cashew Operation: Operational improvements reported in the Q1
2025 update continue to be sustained.

·      To support the next step in daily production capacity of the
Cashew Operation, we expect the delivery of additional shelling machines and a
colour sorter in July 2025, which will be operational in Q3 2025. This upgrade
will enable us to increase daily production from approximately 20 tonnes to
30-35 tonnes per day. Notably, this significant improvement requires only a
relatively modest investment of €175,000.

·      Key monthly like-for-like production KPIs remain materially ahead
of May 2025.

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.

 

                                              May-25    May-24  Change

 FFB processed (tonnes)                       15,694    18,725  -16.2%
 CPO Extraction Rate                          21.5%     23.3%   -7.7%
 CPO production (tonnes)                      3,369     4,368   -22.9%
 CPO Sales (tonnes)                           3,404     3,959   -14.0%
 Average CPO price per tonne                  €956      €777    23.0%
 Palm Kernel Oil ('PKO') production (tonnes)  272       235     15.7%
 PKO Sales (tonnes)                           211       699     -69.8%
 Average PKO price per tonne                  €1,312    €836    56.9%

 

Lincoln Moore, Dekel's Executive Director, said: "Strong local demand and a
significant uplift in both CPO and PKO pricing have helped to maintain
resilient revenue performance. Operational efficiencies in the cashew segment
remain sustained, and the forthcoming commissioning of additional processing
equipment is expected to materially enhance daily production capacity. The
Group remains confident in its outlook and reiterates guidance for a
significantly improved full-year performance of the Cashew Operation in 2025,
including the achievement of its first EBITDA-positive result.

 

** 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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