M.P. EVANS GROUP PLC - Annual General Meeting

M.P. Evans Group PLC delivered a strong investor update highlighting robust company performance and continued growth momentum in 2026, supported by solid operational execution and favourable market conditions. Total crop production rose 10% to 575100 tonnes, while crude palm oil output increased 8% to 157600 tonnes, driven by industry leading oil extraction rates of 24.2%. Pricing remained resilient with CPO at 880 dollars per tonne and palm kernel prices up 7%, supporting stable margins and profitability. The group reported strong financial results in 2025, including a 25% increase in earnings per share and a debt free balance sheet with significant net cash, enabling capital allocation through dividends, share buybacks, and selective expansion. Sustainability remains a core focus with over 80% of output certified and ongoing investment in renewable energy initiatives. Management reiterated confidence in its growth strategy, supported by increasing yields, operational efficiencies, and disciplined cost control, while noting limited exposure to Indonesian export policy changes. The proposed final dividend of 42 pence reflects a progressive shareholder return strategy and strong cash generation outlook.