MP Evans Group PLC chief executive Matthew Coulson joined Stephen Gunnion in the Proactive studio to discuss the company’s strong operational performance in the first half of 2025, including significant updates on expansion, pricing, and sustainability.
Coulson reported a 9% increase in harvested crop volumes in early 2025, noting the strategic decision to reduce third-party supply while maintaining processing volumes. “We've seen a big bounce back in our own crop in the early part of 2025,” he said. This crop mix adjustment is expected to benefit extraction rates, enhancing margins.
Palm oil and palm kernel prices surged, with kernel prices rising over 70% year-on-year. The company highlighted that its own harvested crop produces better extraction outcomes compared to third-party supply, contributing positively to financial performance.
Coulson also discussed the completion of a $35.1 million acquisition in East Kalimantan, expanding the Bumi Mas project by 3,000 hectares to nearly 12,000 hectares total. This addition supports MP Evans’ goal of maximising mill usage and is expected to be earnings-enhancing immediately.
On the sustainability front, the company reported a 36% drop in greenhouse gas emissions since 2021, already achieving its interim net-zero target. Conservation land now represents 12% of total planted area, surpassing its 10% goal.
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