M.P. EVANS GROUP PLC - Interim Results for the six months ended 30 June 2026

MP Evans Group PLC’s 2026 interim results highlight record financial performance, strong operational progress and continued confidence in its sustainable Indonesian palm oil growth strategy. Own-crop harvesting increased 14% to 705,400 tonnes, while crude palm oil production rose 11% to 192,300 tonnes and oil extraction rates improved significantly to 24.2%. Revenue increased 9%, supported by higher production volumes, improved extraction and stronger palm kernel pricing, while gross profit rose 25% to just under $79 million, representing a 40% gross margin. Earnings per share increased 21% to 86.5 cents, and the interim dividend was raised 39% to 25 pence per share. Operational efficiency remained a key driver, with own-product unit costs falling 8% to $409 per tonne and total production costs declining 7% to $514 per tonne. The Group generated almost $92 million in operating cash flow during the first half and maintained a debt-free balance sheet, ending the period with $113.5 million in cash. MP Evans is continuing to increase the proportion of internally managed crop processed through its mills, supporting higher sustainable output, stronger margins and greater operational control. Its growth strategy includes rehabilitating existing estates and expanding near its Kottabangan operations, with potential for more than 3,000 additional planted hectares and over $20 million of future investment. With crop harvested up 16% in the first eight months and pricing remaining resilient, management enters the second half with confidence, supported by improving yields, disciplined cost control, strategic acquisitions and long-term sustainable palm oil demand.