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 February 2025
Dekel
Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food
Producers
Dekel Agri-Vision
Plc
('Dekel' or the
'Company')
January Palm Oil Production
Update and Positive Cashew Operation 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
a January 2025 production update for its Ayenouan palm oil project
in Côte d'Ivoire ('Palm Oil Operation') as well as continued
positive progress regarding the operational performance of the
cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew
Operation').
The Palm Oil Operation has had a
strong start to 2025, with Crude Palm Oil ('CPO') sales prices
significantly higher than in January 2024, while production remains
largely in line with last year.
Key
Performance Metrics: January 2025 vs. January
2024
· CPO
Production: 2,766 tonnes, a slight
decrease of 2.6%.
· CPO Extraction
Rate: Improved by 5.7% to
22.2%.
· CPO Sales
Volume: Increased by 14.2%, driven
by the sale of December 2024 year-end stock.
· CPO Sales
Price: Up 34.9% to €994 per tonne,
reflecting continued strength in international CPO
prices.
· Palm Kernel Oil ('PKO') Sales
Price: Saw a substantial rise
compared to prior months as recent increases in international PKO
prices are now being reflected locally.
· CPO Sales
Revenue: January 2025 revenue showed
a significant increase compared to the same period last year. With
international CPO prices remaining near historical highs and
production expected to rise as the high season begins later this
month, this strong performance is likely to continue in the coming
months.
|
|
Jan-25
|
Jan-24
|
Change
|
|
|
|
|
|
|
FFB processed (tonnes)
|
12,454
|
13,508
|
-7.8%
|
|
CPO Extraction Rate
|
22.2%
|
21.0%
|
5.7%
|
|
CPO production (tonnes)
|
2,766
|
2,839
|
-2.6%
|
|
CPO Sales (tonnes)
|
2,667
|
2,336
|
14.2%
|
|
Average CPO price per
tonne
|
€994
|
€737
|
34.9%
|
|
PKO production (tonnes)
|
175
|
173
|
-1.2%
|
|
PKO Sales (tonnes)
|
87
|
Nil
|
n/a
|
|
Average PKO price per
tonne
|
€1,067
|
n/a
|
n/a
|
· Cashew
Operation: The recent positive trend
in Cashew Operations has continued, and we remain committed to
reporting quarterly production and sales data throughout 2025. We
anticipate significantly improved results, including achieving our
first-ever EBITDA-positive performance in the year
ahead.
Lincoln Moore, Dekel's
Executive
Director, said:
"The Palm Oil
Operation began 2025 on a strong note, with CPO sales prices
increasing by 34.9% compared to January 2024. Improved extraction
rates and higher sales volumes have also driven significant revenue
growth. With international prices expected to remain high and
production set to increase, this positive trend is anticipated to
continue in the coming months."
** ENDS **
For further information, please
visit the Company's website www.dekelagrivision.com or
contact:
|
Dekel Agri-Vision Plc
Youval Rasin
Shai Kol
Lincoln Moore
|
+44 (0) 207 236 1177
|
|
Zeus Capital Ltd (Nomad and Joint Broker)
James Joyce
Darshan Patel
John Moran
|
+44 (0) 203 829 5000
|
|
Optiva Securities Limited (Joint Broker)
Christian Dennis
Daniel Ingram
|
+44 (0) 203 137 1903
|
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
transitioning to full commercial production.
