M.P. Evans Group (MPE) AGM 2026 summary

Opening remarks and agenda

• Meeting commenced at noon with confirmation of quorum and live streaming for remote stakeholders.

• Board members present; trading update for the first five months of 2026 distributed.

Financial performance review

• Total crop harvested in group-managed areas increased by 10% to 575,100 tons.

• Oil-extraction rates rose to 24.2%, up from 23.5% last year.

• Crude palm oil production up 8% to 157,600 tons, with 82% certified sustainable.

• Mill-gate CPO prices stable at $880/ton; palm kernel prices up 7% to $824/ton.

• Production costs stable, aided by own energy generation and weaker rupiah.

• 2025 saw 70,000 hectares under cultivation, record output, and strong pricing.

• All debt paid off in 2025; ended year with significant net cash position.

• Earnings per share up nearly 25% to over GBP 1.60.

Board and executive committee updates

• Kate Coppinger elected to the board, praised for her contribution and as Remuneration Committee Chair.

• Michael Sherwin, Tanya Ashton, Lee Yuan Zhang, and Peter Hadsley-Chaplin all re-elected as directors.