24th Mar 2026 10:56
(Alliance News) - MP Evans Group PLC on Tuesday hailed "record-breaking results" in 2025, as the company focused on processing more of its own Indonesian palm oil crop.
The Tunbridge Wells, England-based palm oil producer booked USD371.0 million in annual revenue, up 5.1% from USD352.8 million in 2024.
Pretax profit rose 23% to USD139.7 million from USD113.5 million, with attributable profit up roughly 27% on-year to USD111.2 million from USD87.9 million.
Cost of sales decreased to USD228.8 million from USD236.2 million, while finance costs shrunk to USD1.1 million from USD3.4 million.
MP Evans also booked a foreign exchange gain of USD1.2 million, swinging from a loss of USD23,000 the year prior.
It has proposed a final dividend of 42.0 pence per share, up from 37.5p on-year. This lifts 2025's total dividend to 60.0p from 52.5p in 2024.
MP Evans rose 0.3% to 1,455.00 pence per share on Tuesday morning in London, and is up 52% over the past year.
The company's harvested crop amounted to 1.3 million tonnes in 2025, up 7.0% from 1.2 million tonnes the previous year. Including purchase crops, the year's total crop decreased 4.4% to 1.5 million tonnes from 1.6 million tonnes. Despite the decrease, MP Evans had noted in January that it had benefitted from strong pricing in 2025, with the average mill-gate selling price at USD866 per tonne, up from USD823 on-year.
According to MP Evans, the price environment has remained "robust" into the new year.
Its total crop processed during the first two months of 2026 was 246,200 tonnes, up from 239,600 tonnes on-year.
Alongside, "crop increases across almost all its Indonesian estates", the company noted: "A further benefit is coming from recent acquisitions, and the group's new areas at Bumi Mas continue to perform well in their first full year following acquisition in the middle of the previous year."
MP Evans has "restricted the amount of higher-cost, lower-quality crop purchased from independent suppliers as it continues to focus on processing a greater proportion of better inputs harvested from areas managed by the group's skilled agronomic teams."
"This is expected to be a continuing benefit for the Group's gross margin," it added. It expects to plant new areas in South Sumatra and East Kalimantan over the course of 2026, and "is developing a number of land acquisition opportunities, with projects close to existing estates".
Commenting on esclating conflict in the Middle East, Chair Peter Hadsley-Chaplin said: "The world is likely to experience a period of high mineral-oil pricing and, as a knock-on effect, the group may also receive some higher prices for its [crude palm oil] output. However, this may also come with some increased input costs for fuel and fertiliser.
"After a successful 2025, and with a good start to 2026 already achieved, the group is clear about its priorities for continued prosperity and ongoing growth as a producer of certified sustainable palm oil," the chair continued.
"On this basis, the board is confident of its position of offering a progressive dividend for shareholders and that the group's overall prospects remain secure."
By Holly Munks, Alliance News reporter
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