- M. P. Evans Group
- 10 November 2025 08:41:23
Source: Sharecast
The continuing strength in the price of both crude palm oil (CPO) and palm kernels (PK) are anticipated to have a "beneficial impact" on results for 2025.
The average ex-mill-gate price of CPO was $869/tonne by the end of October, more or less in line with the first half following a 13% year-on-year increase compared with the first half of 2024, while the average ex-mill-gate price of PK had increased to $756/tonne from $747/tonne – with sales tenders for November showing similar prices.
"This robust pricing environment, combined with a continued focus on cost control, means the board expects group revenue to be higher than previously envisaged, with enhanced anticipated profitability," MP Evans said in a statement.
Strong cash generation during the second half also meant MP Evans was able to repay all outstanding loans, which had totalled $20.9m at the half-year stage.
Meanwhile, the harvested amount of crop over the first ten months of 2025 was 8% higher than last year, in line with growth rates at the time of the company's last announcement at the end of August.
MP Evans' share price was 6.2% higher at 1,374.95 by 0836 GMT.