Camellia narrows first-half loss, sees improved 2025 outlook
Camellia PLC on Friday said its first-half pretax loss narrowed as revenue edged higher, and it expects both revenue and trading performance for 2025 to improve on the prior year.
The Kent, England-based agriculture and engineering services firm posted a pretax loss of £10.4 million for the six months to June 30, compared with a £11.0 million loss a year earlier. Revenue rose to £107.7 million from £105.1 million.
Trading loss was little changed at £9.6 million, while earnings before interest, tax, depreciation and amortisation showed a wider loss of £6.2 million, compared with £1.9 million the year before.
Camellia highlighted the seasonal nature of its operations, noting that most crop revenues are realised in the second half of the year. It therefore does not declare an interim dividend.
The company said it is making progress under its value enhancement plan, announced in May, with disposals of tea estates in India, properties, and parts of its collections strengthening cash reserves. Cash and liquid assets stood at £81.7 million at the end of June, compared with £21.3 million at the end of December.
Looking ahead, the board currently expects full-year revenue and trading performance to show an improvement on 2024.
Shares in Camellia were down 1.1% at 5,662.00 pence in London on Friday morning.
Copyright 2025 Alliance News Ltd. All Rights Reserved.