AEP Plantations (AEP) H2 2025 earnings summary

Executive summary

• Achieved record revenue of $465.2 million in 2025, up 25% year-over-year, driven by higher production and strong CPO/PK prices.

• Profit before tax rose 35% to $119.3 million; EPS increased 35% to 231.42 cents.

• Declared total dividend of 81.0 cents per share, up from 51.0 cents, and executed share buybacks totaling £8.7 million.

• Promoted to FTSE 250 Index and completed rebranding to AEP Plantations Plc.

• Proposed IPO of Indonesian subsidiary and acquisition of PT JJU to support expansion.

Financial highlights

• Revenue: $465.2m (2024: $372.3m), up 25%.

• Operating profit: $111.6m (2024: $81.7m), up 36.6%.

• Net profit attributable to shareholders: $90.9m (2024: $67.5m), up 34.7%.

• EPS: 231.42¢ (2024: 170.88¢), up 35%.

• Net assets: $580.7m (2024: $551.0m).

• Cash and cash equivalents: $231.8m (2024: $181.9m); no external borrowings.

• Dividend per share: 81.0¢ (2024: 51.0¢).

Outlook and guidance

• CPO prices expected to remain elevated, supporting sustainable performance in 2026.

• Indonesia’s B50 biodiesel mandate from July 2026 to drive demand.

• Near-term volatility anticipated due to geopolitical tensions and rising input costs.

• Replanting program targets 10,000 ha by 2030 to boost yields and sustainability.