- M. P. Evans Group
- 24 March 2026 13:02:32
Source: Sharecast
Revenue rose to $371m in the year ended 31 December from $352.8m, while gross profit increased 22% to $142.2m.
Profit before tax climbed to $139.7m from $113.5m, and profit attributable to shareholders rose to $111.2m from $87.9m.
Earnings per share increased to 161.3p from 129.6p.
The AIM-traded Indonesian palm oil producer said its average mill-gate crude palm oil price rose to $866 per tonne from $823 per tonne, while operating cash generation increased to $161.5m from $152.6m.
Year-end cash stood at $87.5m, compared with net cash of $46.4m a year earlier, after the group repaid borrowings and funded acquisitions, dividends and capital expenditure.
Operationally, total crop harvested from group-managed areas and associated smallholders increased 7% to 1.31m tonnes.
MP Evans said it continued to reduce purchases of outside crop, which fell 41% to 229,200 tonnes, as it focused on processing a greater share of its own higher-quality harvest through its six mills, supporting margins.
Of the crop harvested at its six main operating locations, 94% was processed in the group’s own mills.
The group produced 342,600 tonnes of crude palm oil and 75,300 tonnes of palm kernels from its own mills, both slightly below 2024 levels because of the deliberate reduction in third-party crop purchases.
Certified sustainable crude palm oil production rose to more than 275,000 tonnes from 257,000 tonnes, representing 80% of output from group mills.
MP Evans said it also expanded its planted footprint during the year.
It acquired more than 3,000 planted hectares near its Bumi Mas estate in East Kalimantan and continued planting at Musi Rawas and Kota Bangun, taking the total planted area under management to more than 70,000 hectares.
Over the last three years, its managed area had increased by more than 30%.
The board proposed a final dividend of 42p per share, up from 37.5p, bringing the total dividend for the year to 60p per share, compared with 52.5p in 2024.
“We have had an excellent year in 2025, harvesting and processing more of our own crop than ever before in our own, efficient palm-oil mills, delivering an increase in certified sustainable production,” said chairman Peter Hadsley-Chaplin.
“We have achieved record profitability, and dividends have increased to 60p per share.
Since the year end, crops have continued to increase in the early part of 2026, and pricing for the group's output remains strong.”
The group said trading had remained positive into 2026, with harvested crop from its own areas and associated smallholders up 10% in the first two months of the year compared with the same period in 2025.
Pricing had also remained firm, with average crude palm oil tender prices of about $860 per tonne in January and February, and the board said it remained confident in the group’s prospects and progressive dividend policy.
At 1243 GMT, shares in MP Evans Group were up 4.66% at 1,517.5p.
Reporting by Josh White for Sharecast.com.
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