Dekel Agri-Vision Reports Strong Q1 2025 Performance in Palm Oil and Cashew Operations
Why we think this is very good
The Q1 2025 operational update from Dekel Agri-Vision shows strong performance across both the palm oil and cashew operations. The palm oil business delivered robust revenue growth, driven by higher pricing for both crude palm oil and palm kernel oil. The cashew operation has also seen a significant step-change in performance, with record processing volumes, higher production, and improved pricing. These results indicate the company is making good progress in its diversification strategy and transitioning the cashew business to profitability.
Key Points
- Palm oil revenue expected to exceed Q1 2024 by over 45%, driven by strong CPO and PKO pricing
- CPO production down 4.6% but extraction rate up 4.7%
- CPO sales volume up 11% with robust local demand
- CPO sales price up 27% to €969 per tonne
- PKO sales volume up 217% and price up 66%
- Cashew operation processing volumes up 219.6%, with March 2025 setting a record
- Cashew production up 322% and sales volumes up 84.9%
- Cashew sales prices for peeled cashews up 78.5%
- Cashew operation on track to achieve first EBITDA-positive year in 2025
Summary
Dekel Agri-Vision Plc, the West African agriculture company, has reported a strong Q1 2025 performance across its palm oil and cashew operations in Côte d'Ivoire. The palm oil operation generated over 45% higher revenue compared to Q1 2024, driven by strong pricing for crude palm oil and palm kernel oil. The cashew operation has also seen a significant step-change in performance, with record processing volumes, a 322% increase in production, and a 78.5% surge in sales prices for peeled cashews. The company is firmly on track to achieve its first EBITDA-positive year for the cashew business in 2025, a key milestone in returning value to shareholders.