M.P. Evans Group (MPE) investor relations material

Executive summary

• Own crop harvest increased 14% year-over-year to 705,400–798,200 tonnes, with total crop processed up 8% and certified sustainable production up 16%.

• CPO production rose 11% to 192,300 tonnes, with extraction rates improving to 24.2%.

• Gross profit increased 25% to $78.9 million, with revenue up 9% to $196.3 million and profit for the period reaching $62.1 million.

• Earnings per share rose 21% to 86.5p, and interim dividend increased 39% to 25p per share.

• Net cash position strengthened by 61% to $113.5 million, maintaining a debt-free balance sheet.

Financial highlights

• Gross margin improved to 40% from 35% year-over-year, with unit production cost (own crop) down 8% to $409/tonne and total cost per tonne down 7% to $514.

• Operating profit reached $78.1 million, up from $62.2 million.

• Cash from operations was $91.7 million, with cash conversion at 117%.

• Net assets increased to $636.8 million from $556.6 million year-over-year.

• Profit after tax attributable to shareholders was $61.0 million, a record first-half result.

Outlook and guidance

• Crop momentum continued into the second half, with a 16% year-to-date increase in harvest by August.

• CPO and PK prices remained robust, with no operational disruption from Indonesian export changes.

• Management remains confident in prospects for the remainder of 2026 and beyond, with continued focus on sustainable and efficient growth.

• Monitoring El Niño for potential 2027 crop impact, with expected pricing offset.

• Continued review of Indonesian political environment, with no operational disruption to date.