REG - Dekel Agri-Vision - Q3 2025 Palm Oil and Cashew Production Update

Dekel Agri-VisionAnnouncement

10/10/2025 07:00

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RNS Number : 8972C  Dekel Agri-Vision PLC  10 October 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 October 2025

 

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

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

Q3 2025 Palm Oil and Cashew Production 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 its Q3 2025 production update for the Ayenouan palm oil project in
Côte d'Ivoire ('Palm Oil Operation') and for our cashew processing plant at
Tiebissou, Côte d'Ivoire (the 'Cashew Operation').

 

Palm Oil Operation Key Performance Metrics: Q3 2025 vs. Q3 2024

·      CPO Production: 2,727 tonnes, down 49.2% compared to Q3 2024. The
Q3 period typically represents the trough of the low season for CPO
production, and this year's performance was notably weak due to reduced Fresh
Fruit Bunch (FFB) volumes across the region. Early indicators in October
suggest a modest recovery is under way and historically periods of weak FFB
availability are often followed by stronger volumes. In addition, the high
season will be commencing shortly in January.

·      CPO Extraction Rate: Remained stable at 19.4%.

·      CPO Sales Volume: Declined by 58.1%, reflecting the reduction in
production. Local demand remains strong, with all CPO output for Q3 2025 sold.
CPO inventories in Côte d'Ivoire remain very limited, which continues to
support sales.

·      CPO Sales Price: Increased by 24.1% to €964 per tonne.
International CPO prices remain elevated, while domestic prices are further
supported by the ongoing shortage of CPO supply in Côte d'Ivoire.

·      PKO Sales Price: Rose by 47%. Strong PKO and CPO prices has
largely mitigated the financial impact of the weak harvesting season.

 

                                               Q3-2025   Q3-2024  Change

 Fresh Fruit Bunch ('FFB') processed (tonnes)  14,039    27,017   -48.0%
 CPO Extraction Rate                           19.4%     19.9%    -2.5%
 CPO production (tonnes)                       2,727     5,364    -49.2%
 CPO Sales (tonnes)                            2,713     6,471    -58.1%
 Average CPO price per tonne                   €964      €777     24.1%
 Palm Kernel Oil ('PKO') production (tonnes)   271       475      -42.9%
 PKO Sales (tonnes)                            529       427      23.9%
 Average PKO price per tonne                   €1,254    €853     47.0%

 

Cashew Operation Key Performance Metrics: Q3 2025 vs. Q3 2024

 

·      Cashew Operation: The Cashew Operation has shown substantial
improvement in recent months, now consistently processing over 500 tonnes of
Raw Cashew Nuts (RCN) per month. With the installation of new equipment, we
aim to achieve a monthly run rate exceeding 700 tonnes by the end of 2026.
Reaching this level will position the operation well within range of our 2026
RCN processing target of 9,000-10,000 tonnes. Once the new equipment is fully
commissioned and performance stabilises, we will evaluate a potential further
capacity expansion in 2026 at a modest additional level of capex.

·      RCN Purchasing: During the quarter, RCN purchases related to
third party RCN processed into a specialised unpeeled product. Internal RCN
procurement is planned to ramp up with the start of the cashew season in
February 2026, ensuring sufficient raw material to support our 2026 processing
target of 9,000-10,000 tonnes (potentially including third party RCN).

·      RCN Processing: RCN processing volumes increased by a substantial
353.7%, underscoring the significant turnaround achieved in the Cashew
Operation, particularly over the past six months. The newly installed
equipment is expected to further enhance processing capabilities, with the
full benefit expected to materialise during late Q4 2025.

·      Processing Efficiency: Extraction rates have improved. While the
headline extraction rate of 23.2% includes unpeeled cashews, the normalised
extraction rate of 21-22% for internal RCN aligns with expectations and
industry standards.

·      Cashew Production & Sales: Cashew production rose by 386.1%,
while sales increased by 579.3%, demonstrating the strong operational
improvement. This includes 240 tonnes produced from third party RCN which
generate gross margins comparable to our own-branded cashews. The accounting
treatment of third party RCN - whether fully consolidated or recognised on a
margin basis - will be confirmed in the year-end financial audit.

·      Cashew Sales Prices: Average sales prices were 22.5% higher
year-on-year. As cashews are priced in USD, the weakness of the USD against
the euro in 2025 partially offset these gains; euro-equivalent prices would
otherwise have been significantly higher. International cashew prices remain
firm and well above the long-term lows observed in 2024.

 

                                                 Q3-2025   Q3-2024   Change

 RCN Inventory
 Opening RCN Inventory (tonnes)                  2,657     1,582     68.0%
 RCN Purchased (tonnes)                          1,037     Nil       n/a
 RCN Processed (tonnes)                          (1,656)   (365)     353.7%
 Closing RCN Inventory (tonnes)                  2,038     1,217     67.5%

 Cashew Processing
 Opening Cashews (tonnes)                        110       54        103.7%
 RCN Processed (tonnes)                          1,656     365       353.7%
 Cashew Extraction Rate                          23.2%     21.6%     7.4%
 Cashew Produced (tonnes)                        384       79        386.1%
 Cashew Sales (tonnes)                           394       58        579.3%
 Closing Cashews (tonnes)                        100       75        33.3%

 Average Sales prices per tonne
 -       Peeled Cashews (including mixed)        €4,900    €4,000    22.5%

 

Lincoln Moore, Dekel's Executive Director, said: "The Cashew Operation
continued its strong turnaround, with RCN processing up 354% and cashew sales
nearly sixfold, supported by new equipment and improved efficiency. Looking
ahead, we plan to increase cashew processing further by the end of 2025, with
significant additional scaling potential to come. Meanwhile, the Palm Oil
Operation experienced a seasonal low, with CPO output down, but strong CPO and
PKO prices helped cushion the impact, and we expect production to return to
the high season from mid-January."

 

** 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 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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