AEP Plantations (AEP) H2 2025 earnings summary

Executive summary

• Revenue increased 25% to $465.2 million year-over-year, driven by higher production and stronger CPO and PK prices.

• Profit before tax rose 35% to $119.3 million, with EPS up 35% to 231.42 cents.

• FFB production grew 6% to 1.08 million mt, and CPO output increased 7.3% to 425.8 thousand mt.

• Significant replanting: 2.4k hectares in 2025, targeting 10k hectares by 2030.

• Share price surged 212% to £19.10, and the company was promoted to the FTSE 250 Index.

Financial highlights

• Gross profit reached $123.8 million, up from $88.6 million in 2024.

• Net income attributable to owners was $90.9 million, up from $67.5 million.

• Cash and cash equivalents at year-end were $231.8 million, up from $181.9 million.

• Total dividend for 2025 was 81.0 cents per share, with a proposed final dividend of 43.7 cents.

• Share buybacks totaled £8.7 million for 707,762 shares; further buyback program of up to £8.0 million announced.

Outlook and guidance

• CPO expected to remain competitively priced, with Indonesia's B50 biodiesel program supporting demand.

• Near-term volatility anticipated due to geopolitical tensions and rising input costs, but sustainable performance expected for 2026.