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Anglo-Eastern Plantations PLC on Monday reported a sharp rise in profit in the first half of 2025, supported by higher crude palm oil and palm kernel prices, and announced a new £8 million share buyback programme to run until June 2026. The producer of palm oil and rubber across Indonesia and Malaysia said pretax profit for the six months that ended June 30 rose 78% to $62.6 million from $35.2 million a year earlier. Revenue climbed 39% to $230.5 million from $166.1 million. The company said the average ex-mill crude palm oil price achieved was $863 per metric tonne, up 15% from $749, while the palm kernel price surged 80% to $738 per tonne from $411. Fresh fruit bunch production increased 7% year-on-year, with crude palm oil output up 12%. The company said the board intends to declare an interim dividend by the end of the third quarter. Chair Jonathan Law said: ‘I am very pleased to report another strong set of results for AEP that reflect higher sales volume and CPO prices, as well as strong external crop intake. We are expecting CPO prices to remain robust in the coming months.’ The company’s cash position at June 30 was $244.7 million, up from $183.2 million at the end of December, with no bank borrowings. The share buyback will be run by Cavendish Capital Markets Ltd. Anglo-Eastern said it thinks its shares are undervalued relative to its ‘strong fundamentals and growth potential’. The buyback is expected to increase earnings per share and return value to shareholders. Shares in Anglo-Eastern Plantations were up 7.5% to 1,034.50 pence in London on Monday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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