26 sep 25   dekel agri-vision - 2025 interim results dekel agri-vision plc | dkl | 0.5 0 0.0% | mkt cap: 6.32m    rns number : 9131a dekel agri-vision plc 26 september 2025   this announcement contains inside information for the purposes of article 7 of the uk version of regulation (eu) no 596/2014 which is part of uk law by virtue of the european union (withdrawal) act 2018, as amended ("mar"). upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.   dekel agri-vision plc / index: aim / epic: dkl / sector: food producers   26 september 2025   dekel agri-vision plc ('dekel', the 'company' or the 'group') 2025 interim results   dekel agri-vision plc (aim: dkl), the west african agribusiness company focused on building a portfolio of sustainable and diversified projects, is pleased to announce its unaudited interim results for the six months ended 30 june 2025.   financial highlights dekel group ·      the significant improvement in the cashew operation, combined with the steady performance of the palm oil operation, delivered a stronger group result for h1 2025 compared to h1 2024. group revenue increased by 24.5%, ebitda increased by 10.7%, and the business reported a break-even net profit, compared to a net loss of €0.7m in h1 2024. ·      in june 2025, the group also undertook an equity raise and debt restructure: o  successfully raised c.£2.33m at 0.55p per share, alongside the conversion of a £1m loan from ceo youval rasin into equity at the same price. o  agreed revised terms with nsia bank, bidc and agdevco on existing lending facilities. advanced negotiations with bondholders to restructure on similar terms, with completion expected in q4 2025. palm oil operation ·      revenues up 20.4% to €22.4m in h1 2025 (h1 2024: €18.6m), driven primarily by a 25.1% increase in crude palm oil ("cpo") prices, which more than offset a 5.3% decline in cpo sales volumes. in addition, palm kernel oil ("pko") prices also rose 57.7% year-on-year. revenue includes sales of cpo, pko, palm kernel cake ("pkc") and nursery plants. ·      gross margin percentage decreased 16.7% compared to h1 2024, reflecting weaker harvesting conditions which led to heightened competition for fresh fruit bunches ("ffb") and higher ffb procurement costs. ·      ebitda decreased by 10.8% to €3.3m (h1 2024: €3.7m), impacted by the lower gross margin percentage and a modest increase in overheads. cashew operation ·      revenues increased by 150% in h1 2025, reflecting a substantial uplift in processing volumes for cashew and improved efficiencies following the successful implementation of supplementary shelling and peeling equipment. ·      ebitda loss narrowed to €0.2m (h1 2024: €0.9m). the operation continues to show strong momentum post-period end, and fy 2025 ebitda is expected to be positive for the first time.   six months ended 30 june h1 2025 h1 2024 % change palm oil operation       revenue €22.4m €18.6m 20.4% gross margin €3.8m €3.8m nil gross margin % 17.0% 20.4% -16.7% ebitda €3.3m €3.7m -10.8% cashew operation       revenue €1.5m €0.6m 150% ebitda (€0.2m) (€0.9m) 350% dekel group       revenue €23.9m €19.2m 24.5% ebitda €3.1m €2.8m 10.7% net profit/(loss) €0.0m (€0.7m) n/a     operational highlights - palm oil operation ·      cpo production: 21,128 tonnes, a decrease of 9.0% compared to h1 2024, reflecting a modest harvesting season and low ffb availability throughout the region. ·      cpo extraction rate: remained steady at 21.9% and in line with historical levels. ·      cpo sales volume: a decrease of 5.3%, reflecting the decrease in cpo production. local demand remained strong, with all h1 2025 cpo production sold. ·      cpo sales price: increased by 25.1% to €963 per tonne.  international cpo prices remain above historical levels which has fed through to increasing local cpo prices. ·      pko sales price: pko prices increased 57.7%, as international pricing gains began to flow into local markets during h1 2025.  pko revenue provided an important ebitda contribution, partially offsetting margin pressure from increased competition associated with lower ffb availability.   h1-2025 h1-2024 change     fresh fruit bunch ('ffb') processed (tonnes) 96,518 105,444 -8.5% cpo extraction rate 21.9% 22.0% -0.05% cpo production (tonnes) 21,128 23,236 -9.1% cpo sales (tonnes) 21,168 22,360 -5.3% average cpo price per tonne €963 €770 25.1% palm kernel oil ('pko') production (tonnes) 1,474 1,367 7.8% pko sales (tonnes) 1,220 1,333 -8.5% average pko price per tonne €1,266 €803 57.7%     operational highlights: cashew operation the cashew operation has turned the corner over the past 6 months, with all key operational metrics significantly increasing as a result of the successful implementation of supplementary equipment notably in the shelling and peeling sections.  as a result: o  rcn ('raw cashew nut') processed increased by 269.4% o  cashew production rose by 353.0% o  cashew sales prices increased by 67.7%, supported by a rebound in international markets as oversupply in southeast asia and export restrictions eased, including those implemented in côte d'ivoire, which reduced global supply. o  additional equipment, primarily shelling and peeling equipment now being installed should provide a further step up in production levels in q4 2025.  o  on track to record maiden ebitda positive result for 2025 ·      rcn purchasing: inventory increased 67.9%, supported by the improved performance of the cashew operation, which has enabled more confident forward purchasing. buying activity continues as the business looks forward with more confidence. ·      rcn processing: volumes increased 269.4%, including third-party rcn processed into a new specialised unpeeled product, which has proven to be a successful initiative, particularly whilst we restored our internal stock levels. this product line is delivering margins comparable to our own in-house rcn processing. ·      processing efficiency: key improvements included: o  better whole-to-broken nut ratios o  enhanced peeling performance o  improved extraction rates - while the headline rate of 23.8% includes unpeeled cashews, the normalised rate of 21-22% for internal rcn marks a clear improvement compared to q1 2024. ·      production & sales: higher processing volumes are translating directly into output and sales: o  cashew production increased 353% o  cashew sales volumes increased 125.6% ·      sales prices: prices for peeled cashews in h1 2025 increased by 67.7% compared to h1 2024. cashew prices softened during the back half of h1 2025 but are expected to remain  well above the low pricing environment seen in 2024.   h1-2025 h1-2024 change     rcn inventory       opening rcn inventory (tonnes) 742 1,751 -57.6% rcn purchased (tonnes) 4,087 419 875.4% rcn processed (tonnes) 2,172 588 269.4% closing rcn inventory (tonnes) 2,657 1,582 68.0%     cashew processing       opening cashews (tonnes) 79 154 -48.7% rcn processed (tonnes) 2,172 588 269.4% cashew extraction rate 23.8% 19.6% 21.4% cashew produced (tonnes) 521 115 353.0% cashew sales (tonnes) 485 215 125.6% closing cashews (tonnes) 115 54 113.0%     average sales prices per tonne       -       peeled cashews (including mixed) €5,200 €3,100 67.7%   lincoln moore, dekel's executive director, said: "h1 2025 has been a period of operational momentum for dekel group. our palm oil operation delivered a 20.4% increase in revenues, supported by higher cpo and pko prices partially offset by weaker ffb volumes, while our cashew operation achieved a 150% revenue uplift and significantly reduced its ebitda loss. collectively, these improvements drove a 24.5% increase in group revenue and a 10.7% rise in ebitda, resulting in a break-even net profit compared to a loss in h1 2024. strategic initiatives, including a successful equity raise and debt restructuring, further strengthen our financial foundation as we seek to continue to improve our balance sheet position. with the palm oil operation performing steadily and with the cashew operation gaining real momentum, we are confident in delivering improved full-year results for 2025". for further information please visit the company's website www.dekelagrivision.com or contact:   dekel agri-vision plc youval rasin shai kol lincoln moore   +44 (0) 207 236 1177 zeus capital ltd (nomad and joint broker) james joyce darshan patel john moran   +44 (0) 203 829 5000 notes: dekel agri-vision plc is a multi-project, multi-commodity agriculture company focused on west africa. it has a portfolio of projects in côte d'ivoire at various stages of development: a fully operational palm oil project in ayenouan where fruit produced by local smallholders is processed at the company's 60,000tpa capacity crude palm oil mill and a cashew processing project in tiebissou, which is currently transitioning to full commercial production.    chairman's statement   palm oil operation the palm oil operation delivered a resilient performance in h1 2025, supported by strong crude palm oil ("cpo") and palm kernel oil ("pko") pricing. while cpo production of 21,128 tonnes represented a 9.0% decrease compared to h1 2024, robust local demand ensured that all output was sold. the mill continued to perform steadily with an extraction rate of 21.9%, broadly in line with last year.  recent ffb volumes have been soft, albeit in the low season.  typically, we would expect to see an uptick in ffb volumes in october and november before entering the high season again early next year.   sales prices were a key driver of performance: the average cpo price increased 25.1% to €963 per tonne, reflecting ongoing strength in international markets feeding into local prices. pko performance was particularly strong, with prices rising 57.7% to €1,266 per tonne. these favourable market conditions, combined with disciplined operational management largely offset lower ffb volumes resulting a weaker regional harvesting period and provided a solid foundation for the first half of 2025.   cashew operation the cashew operation has delivered a much-improved performance over the first half of 2025. processing and production metrics improved significantly, with raw cashew nut ("rcn") processed up 269.4% and cashew production up 353% compared to h1 2024. cashew sales volumes rose 125.6%, and average sales prices increased by 67.7% to €5,200 per tonne. importantly, efficiency gains - including better whole-to-broken nut ratios, improved peeling, and higher extraction rates - underpinned this step change in performance.  in addition to processing our own rcn, the successful introduction of third-party rcn processing has proven to be an important initiative, delivering margins comparable to internal production.   the integration of additional shelling and peeling equipment in q4 2025 is expected to further lift daily processing capacity and support higher output levels. with these improvements, the cashew operation is firmly on track to deliver its maiden ebitda-positive result in 2025, positioning the business as a key driver of the group's future growth.   group equity raise and debt restructure during the period, the company reached agreements with its key lenders - nsia bank, bidc, and agdevco - on revised terms to restructure existing debt to better align repayments with projected cash flows. discussions with hudson regarding the bond facilities (approximately €13.6m) are also advancing well and we expect these debt restructures can be concluded on similar terms in q4 2025.   key revised terms include: ·      nsia bank (€2.7m) has agreed to restructure its facility into a six-year term loan, incorporating a two-year principal grace period, backdated by twelve months. ·      agdevco (€3.6m) has agreed to restructure its facility into a seven-year term loan with a 24-month grace period commencing in august 2025, interest rate to be set at 9% (or 9.75% if the hudson bond is not restructured by the end of 2025) and a €600k payment towards the loan will be made upfront. ·      bidc (€4.4m) has agreed, commencing on 30 june 2025, that the facility shall be restructured as a six-year term loan with an 18-month grace period with interest remaining at 8.5%, being the level previously agreed.   to support the debt restructuring and enhance the group's liquidity position, the company secured £2.33m through an equity raise, alongside a £1m debt-to-equity conversion from the ceo, youval rasin. this capital injection is designed to complement the revised debt arrangements, providing more financial stability as the cashew operation continues to grow.    other projects whilst we have further expansion plans, including the processing of a third commodity in addition to clean energy aspirations, these projects are on hold as we focus on enhancing the cashew operation and improving the group balance sheet.   group financial a summary of the financial performance for h1 2025, in addition to the comparatives for the previous 5 years, is outlined in the table below.     h1 2025 h1 2024 h1 2023 h1 2022 h1 2021 h1 2020 cpo production (tonnes) 21,128 23,236 25,166 16,893 26,515 23,882 average cpo price per tonne €963 €770 €934 €1,013 €817 €602 total revenue (all products) €23.9m €19.2m €21.3m €19.7m €21.7m €15.4m gross margin €3.4m €2.2m €3.4m €5.0m €4.9m €2.6m gross margin % 14.2% 11.5% 15.5% 25.4% 22.6% 16.9% overheads (€1.8m) (€1.5m) (€1.8m) (€1.7m) (€1.7m) (€1.4m) ebitda €3.1m €2.8m €2.5m €4.0m €3.9m €1.9m net profit / (loss) after tax €0.0m (€0.7m) €0.4m €2.3m €2.0m €0.5m   dekel reported h1 2025 ebitda of €3.1m, compared to €2.8m in h1 2024. the €0.3m year-on-year increase in ebitda was driven by: ·      a €0.4m decrease in the ebitda contribution from the palm oil operation as higher than typical competition for ffb due to a weak seasonal harvest impacted gross margins. ·      a significant improvement in the cashew operation, where the ramp-up in production volumes, improved processing efficiencies, and higher sales prices contributed to a €0.7m improvement in ebitda compared to h1 2024.   dekel reported a break-even net profit after tax for h1 2025, compared to a net loss of €0.7m in h1 2024. the return to break-even reflects: ·      the €0.3m increase in group ebitda, as outlined above. ·      a €0.4m decrease in group depreciation due to a correction of the term of depreciation on the cashew operation.   overall, the results demonstrate a steady performance from the palm oil operation and a clear turnaround in the cashew operation, putting the group firmly on track to deliver a stronger financial performance in 2025, including the potential to achieve its first ever full-year positive ebitda from the cashew operation.   outlook looking ahead, the palm oil operation is expected to remain a reliable contributor to the group's financial performance. however, the key catalyst for enhanced overall results lies in the ongoing turnaround of the cashew operation. following the successful integration of new processing equipment in late 2024, we are already seeing a meaningful uplift in volumes and efficiencies in 2025.   further momentum is anticipated with the imminent arrival of additional equipment, representing only a modest capital outlay but expected to deliver a step-change in production capacity. this expansion positions the cashew operation to achieve its first full-year positive ebitda performance in 2025 - a milestone that would mark a significant step forward for dekel, creating two ebitda-generating operations and a more diversified, resilient earnings base.   in addition, the recent debt restructure and equity raising, as well as the proposed restructure of the hudson bonds in q4 2025 will provide the group with additional cash resources and flexibility to sensibly reduce debt over the coming years.   following my investment in the recent capital raise and my appointment to the board of the company, i am committed to working together with the board and senior management team to drive a period of sustained growth of operations and drive the continued work to strengthen the company's balance sheet.  on behalf of the board, i would like to extend my thanks to shareholders for their ongoing support and we look forward to rewarding their loyalty over the period ahead.   jonathan johnson-watts non-executive chairman                                                                                  date: 25 september 2025   interim condensed consolidated statements of financial position    30 june  31 december   2025  2024   unaudited  audited   euros in thousands assets          current assets:     cash and cash equivalents  1,252  276 trade receivables  753  513 inventory   4,102  2,954 bank deposits - restricted  1,901  1,553 other accounts receivable  1,290  387      total current assets  9,298  5,683      non-current assets:     bank deposits - restricted  1,102  1,045 property and equipment, net  38,621  39,895      total non-current assets  39,723  40,940      total assets  49,021  46,623      liabilities and equity          current liabilities:     short-term loans and current maturities of long-term loans  10,501  9,718 trade payables  3,809  1,620 advances from customers  361  1,537 other accounts payable  4,109  2,701      total current liabilities  18,780  15,576      non-current liabilities:     long-term lease liabilities  128  128 accrued severance pay, net  57  52 loans from shareholders  760  1,889 long-term loans  21,804  21,507      total non-current liabilities  22,749  23,576      total liabilities  41,529  39,152      equity:     share capital  178  178 additional paid-in capital  40,843  40,843 accumulated deficit  (26,746)  (26,767) capital reserve  2,532  2,532 capital reserve from transactions with non-controlling interests  (9,315)  (9,315)      total equity  7,492  7,471      total liabilities and equity  49,021  46,623     the accompanying notes are an integral part of the interim condensed consolidated financial statements.         25 september 2025       date of approval of the financial statements  youval rasin director and chief executive officer  yehoshua shai kol director and chief finance officer  lincoln john moore executive director   interim condensed consolidated statements of comprehensive income      six months ended 30 june  year ended 31 december   2025   2024   2024   unaudited   audited   euros in thousands (except per share amounts)        revenues  23,903  19,193  29,961 cost of revenues  (20,537)  (16,955)  (27,193)        gross profit  3,366  2,238  2,768 general and administrative  (1,785)  (1,449)  (3,783)        operating profit (loss)  1,581  789  (1,015)        finance cost  (1,494)  (1,405)  (2,573)        income (loss) before taxes on income  87  (616)  (3,588) tax benefit (taxes on income)  (66)  (85)  83        net income (loss) and total comprehensive income (loss)   21  (701)  (3,505)        income (loss) per share attributable to equity holders of the company (in euros):       basic and diluted income (loss)  per share  0.00  (0.00)  )0.01)   the accompanying notes are an integral part of the interim condensed consolidated financial statements.   interim condensed consolidated statements of changes in equity      share capital  additional paid-in capital  accumulated deficit  capital reserve  capital reserve from transactions with non-controlling interests  total equity   euros in thousands              balance as of 1 january 2025 (audited)  178  40,843  (26,767)  2,532  (9,315)  7,471              net income and total comprehensive income  -  -  21  -  -  21                           balance as of 30 june 2025 (unaudited)  178  40,843  (26,746)  2,532  (9,315)  7,492      share capital  additional paid-in capital  accumulated deficit  capital reserve  capital reserve from transactions with non-controlling interests  total equity   euros in thousands              balance as of 1 january 2024 (audited)  178  40,817  (23,262)  2,532  (9,315)  10,950              net loss and total comprehensive loss  -  -  (701)  -  -  (701)              issue of shares for services provided    3  -  -  -  3              balance as of 30 june 2024 (unaudited)  178  40,820  (23,963)  2,532  (9,315)  10,252      share capital  additional paid-in capital  accumulated deficit  capital reserve  capital reserve from transactions with non-controlling interests  total equity   euros in thousands              balance as of 1 january 2024 (audited)  178  40,817  (23,262)  2,532  (9,315)  10,950              net loss and total comprehensive loss  -  -  (3,505)  -  -  (3,505) issue of shares for services provided  -  26  -  -  -  26              balance as of 31 december 2024 (audited)  178  40,843  (26,767)  2,532  (9,315)  7,471   the accompanying notes are an integral part of the interim condensed consolidated financial statements.   interim condensed consolidated statements of cash flows    six months ended 30 june  year ended 31 december   2025   2024   2024   unaudited   audited   euros in thousands cash flows from operating activities:              net income (loss)  21  (701)  (3,505)        adjustments to reconcile net income (loss) to net cash provided by operating activities:              adjustments to the profit or loss items:              depreciation  1,555  1,985  3,567 share-based payment  -  -  26 accrued interest on long-term loans and non-current liabilities  1,387  1,093  2,069 change in employee benefit liabilities, net  5  12  (20)        changes in asset and liability items:              decrease (increase) in accounts receivable  (240)  442  1,058 decrease (increase) in inventories  (1,148)  (260)  83 decrease (increase) in other accounts receivable  (903)  35  686 increase (decrease) in trade payables  2,189  (1,355)  (1,175) increase (decrease) in advance from customers  (1,176)  743  1,038 increase (decrease) in accrued expenses and other accounts payable  444  1,025  (750)          2,113  3,720  6,582 cash paid during the period for:              income taxes  -  (37)  (56) interest  (1,025)  (1,122)  (1,864)          (1,025)  (1,159)  (1,920)        net cash provided by operating activities  1,109  1,860  1,157 the accompanying notes are an integral part of the interim condensed consolidated financial statements.   interim condensed consolidated statements of cash flows      six months ended 30 june  year ended 31 december   2025   2024   2024   unaudited   audited   euros in thousands cash flows from investing activities:              increase in deposits  (395)  (2,170)  (880) purchase of property and equipment  (281)  (552)  (378)        net cash used in investing activities  (676)  (2,722)  (1,258)        cash flows from financing activities:              receipt of short-term loans, net  1,758  1,314  1,179 receipt of long-term loan from shareholder  -  -  1,982 repayment of long-term loan from shareholder  -  -  (870) repayment of long-term loans  (1,215)  (585)  (2,123)        net cash provided by financing activities  543  729  168        increase  (decrease) in cash and cash equivalents  976  (133)  67 cash and cash equivalents at beginning of period  276  209  209        cash and cash equivalents at end of period  1,252  76  276        supplemental disclosure of non-cash activities:              issuance of shares to director and service providers  -  3  -   -  -  -   the accompanying notes are an integral part of the interim condensed consolidated financial statements.   note 1:-        general   a.         these financial statements have been prepared in a condensed format as of 30 june 2025, and for the six months then ended ("interim consolidated financial statements"). these financial statements should be read in conjunction with the company's annual financial statements as of 31 december 2024 and for the year then ended and accompanying notes ("annual consolidated financial statements").   b.         dekel agri-vision plc (the "company") is a public limited company incorporated in cyprus on 24 october 2007. the company's ordinary shares are admitted for trading on the aim, a market operated by the london stock exchange. the company is engaged through its subsidiaries in developing and cultivating palm oil plantations in cote d'ivoire for the purpose of producing and marketing crude palm oil ("cpo"), as well as operating a raw cashew nut ("rcn") processing plant, which is currently  ramping up its production. the company's registered office is in limassol, cyprus.   c.         cs dekeloil siva ltd. ("dekeloil siva") a company incorporated in cyprus, is a wholly-owned subsidiary of the company. dekeloil ci sa, a subsidiary in cote d'ivoire currently held 99.85% by dekeloil siva, is engaged in developing and cultivating palm oil plantations for the purpose of producing and marketing cpo. dekeloil ci sa constructed and is currently operating its palm oil mill.   d.         pearlside holdings ltd. ("pearlside") a company incorporated in cyprus, is a wholly-owned subsidiary of the company. pearlside has a wholly-owned subsidiary in cote d'ivoire, capro ci sa ("capro"). capro is currently operating and ramping up its production of its rcn processing plant in cote d'ivoire near the village of tiebissou.   e.         dekeloil consulting ltd. a company located in israel and a wholly-owned subsidiary of dekeloil siva,  is engaged in providing services to the company and its subsidiaries.   f.          cash flow from operations and working capital deficiency.   as of 30 june 2025, the group has a working capital deficiency of €9.5 million (€10 million as of 31 december 2024), an amount of €1.2 million of the current liability was converted to equity post balance sheet date. the group generated a positive cash flow from operations of €1.1 million for the six-month period ended 30 june 2025 (€1.9 million for the six-month period ended 30 june 2024). the palm oil operation is performing well, recording profit before tax of €1.9 million (net of depreciation of €0.7 million) for the 6 months ending 30 june 2025 (see also note 3, operating segments). this profit was offset mainly by a loss at the cashew segment for the period amounting to €1.3 million (including depreciation of €0.8 millions).  the cashew operation is gradually increasing daily production and is forecast to deliver positive operating cash flows in the coming months.   during the period the group rescheduled two long-term loans in addition to the rescheduled nsia debt. the ebid loan was restructured to an additional 6 years with 1.5 years grace on principal payments starting from 30 june 2025 at the same interest rate. the agdevco loan was restructured to an additional 7 years with 2 years grace on principal payments starting from 30 june 2025 at the same interest rate (the interest may increase to 9.75% if the hudson loan will not be reschedule as well during 2025). in addition, on 27 june 2025 the company completed a placing on the aim, a market operated by the london stock exchange ("the aim"), by issuing 425,909,086 ordinary shares at a price of £0.0055 per share for total consideration of €2.747 thousand (£2.343 thousand), net proceeds of approximately €2,605 thousand (£2,221 thousand). the shares were issued and the funds were received post balance sheet date therefor it was not reflected in the reported period.      the group has prepared detailed forecasted cash flows through the end of 2026, which indicate that the group should have positive cash flows from its group operations. however, the operations of the group are subject to various market conditions, including quantity and quality of fruit harvests and market prices that are not under the group's control that could have an adverse effect on the group's future cash flows.   based on the above, the company's management believes it will have sufficient funds necessary to continue its operations and to meet its obligations as they become due for at least a period of twelve months from the date of approval of the financial statements.     note 2:-        accounting policies   a.         basis of preparation of the interim consolidated financial statements:   the interim consolidated financial statements have been prepared in accordance with ias 34, "interim financial reporting". the accounting policies applied in the preparation of the interim consolidated financial statements are consistent with those followed in the preparation of the annual consolidated financial statements for the year ended 31 december 2024.   b.         fair value of financial instruments:   the carrying amounts of the company's financial instruments approximate their fair value.   note 3:-        operating segments   a.         general:   the operating segments are identified based on information that is reviewed by the company's management to make decisions about resources to be allocated and assess its performance. accordingly, for management purposes, the group is organized into two operating segments based on the two business units the group has. the two business units are incorporated under two separate subsidiaries of the company, the cpo production unit is incorporated under cs dekeloil siva ltd and its subsidiary and the rcn processing plant in initial production phase is incorporated under pearlside holdings ltd and its subsidiary.   segment performance (segment income (loss)) and the segment assets and liabilities are derived from the financial statements of each separate group of entities as described above. unallocated items are mainly the group's headquarter costs.   b.         reporting operating segments:     crude palm oil   raw cashew nut   unallocated   total    euros in thousands six months ended 30 june 2025 (unaudited):                  revenues - external customers   22,398   1,505    23,903          segment operating profit (loss)   2,952   (902)  (496)  1,581          finance cost   (1,067)   (418)  (9)  (1,494)          profit (loss) before taxes on income   1,885   (1,320)  (478)  87          depreciation   712   828  14  1,555       crude palm oil   raw cashew nut   unallocated   total    euros in thousands six months ended 30 june 2024 (unaudited):                  revenues - external customers   18,540   653    19,193          segment operating profit (loss)   3,114   (1,907)  (418)  789          finance cost   (992)   (407)  (6)  (1.405)          profit (loss) before taxes on income   2,122   (2,314)  (424)  (616)          depreciation   728   1,242  15  1,985       crude palm oil   raw cashew nut   unallocated   total    euros in thousands year ended 31 december 2024 (audited):                  revenues-external customers   28,221   1,740    29,961                            segment operating profit (loss)   2,871   (2,968)  (918)  (1,015)          finance cost   (1,593)   (969)  (11)  (2,573)          profit (loss) before taxes on income   1,278   (3,937)  (929)  (3,588)          depreciation   1,447   2,089  31  3,567       crude palm oil   raw cashew nut   unallocated   total    euros in thousands as of 30 june 2025 (unaudited):                  segment assets   33,231   15,646  144  49,021          segment liabilities   28,523   12,234  772  41,529                   as of 31 december 2024 (audited):                   segment assets   33,063  13,430  130  46,623          segment liabilities   28,465  10,154  533  39,152     this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   ir fzgzlgkzgkzz return to news summary

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