REG - M. P. Evans Group - 2025 H1 crop and production

M P EvansAnnouncement

Thu 07:00

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RNS Number : 2948S  M. P. Evans Group PLC  24 July 2025

M. P. EVANS GROUP PLC

("THE GROUP")

2025 H1 crop and production

M.P. Evans Group PLC, a producer of sustainable Indonesian palm oil, is
pleased to announce the following crop and production information for the six
months ended 30 June 2025.

 

                                                Increase/

                                      H1 2025   (decrease)   H1 2024
                                      Tonnes    %            Tonnes
 Crop of fresh fruit bunches ("ffb")
 Own crops                            473,700   8            437,900
 Scheme-smallholder crops             145,400   13           128,300
 Group harvested                      619,100   9            566,200
 Independent crops purchased          118,600   (39)         193,500
                                      737,700   (3)          759,700

 Production*
 Crude palm oil ("CPO")               172,800   (2)          177,000
 Palm kernels ("PK")                  37,900    (3)          39,200

*- figures include production from the Group's crop sold to third-party mills.

The total crop of ffb harvested by the Group in the first half of 2025 from
the areas managed by it was 619,100 tonnes, 9% higher than in the same part of
2024. Crops recovered well, particularly in the early part of the year, from
the lower levels observed in the second half of 2024, caused by earlier dry
weather. The Group continues to supplement the crop that it harvests by
purchasing additional amounts for processing in its mills. However, it has
deliberately been restricting the total amount of outside purchases to manage
carefully both the cost and quality of mill inputs. As a result, the Group
continues to achieve strong extraction rates for both CPO and PK.

In the period to the end of June 2025, the Group realised an average CPO price
at mill gate of US$868 per tonne compared with US$771 in the first half of
2024, an increase of 13%. Prices for PK averaged US$747 per tonne (mill gate),
71% higher than the US$437 per tonne in 2024.

Enquiries:

 M.P. Evans Group PLC  Telephone: +44 (0) 1892 516333

Peter Hadsley-Chaplin, chairman
Matthew Coulson, chief executive

Luke Shaw, chief financial officer

 

 Cavendish Capital Markets (Nomad and broker)  Telephone: +44 (0) 20 7220 0500

Matt Goode, George Lawson (Corporate Finance)

Tim Redfern, Harriet Ward (ECM)

 

 Hudson Sandler (Financial PR)  Telephone: +44 (0) 20 7796 4133

Charlie Jack, Nick Moore, Francesca Rosser

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