Camellia
CAM · AIM · Food, Beverage and Tobacco · mcap £135m · 5375.0p 3 open situations →
- EV
- £122m
- EV / EBIT
- 102.1x
- Net cash
- £51.3m
- FCF yield
- -4.3%
- Revenue
- £268m
- Cash returned
- 14.2%
- Share price 1y
- −9%
- Insiders 12m
- no deals
- Next report
- around 4 May
Camellia is a UK-listed group that owns and runs agriculture businesses, mainly tea in India and Bangladesh and avocados, macadamias and crops in Kenya, Malawi, Tanzania and Brazil. It also holds an investment portfolio, property and art assets.
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Four growth projects
Camellia has committed £15m of capex to four growth projects over five years, targeting c.£35m of extra annual revenue by 2035. The H1 2026 results say all four, including two added in early 2026, are on plan. They use existing land, infrastructure and management.
- Capex
- £15m over next 5 years, including uncommitted Kakuzi blueberry capex
- Revenue target
- c.£35m additional annual revenue by 2035
- Tanzania avocados
- 650Ha irrigated by end 2027; dam due end Nov 2026; packhouse for Q4 2026 crop
- Brazil citrus
- Planting from early Q4; 118Ha of 400Ha in 2026
- Brazil forestry
- Convert further 200Ha to arable in 2026
- Kenya blueberries
- Extend to 22Ha by end 2026
Next: Mgagao dam completion; Brazil citrus planting starts · 30 Nov 2026
- 3 Sep 2026 All four proceeding to plan
Profit warning
On 26 Aug Kakuzi flagged 2026 net earnings at least 25% lower, and the H1 results (3 Sep) added El Nino as a headwind. On 22 Oct Camellia gave numbers: a trading loss of £3-5m, revenue of £255-260m and EBITDA of £25-28m, with cost inflation and weaker nut prices the causes.
- H1 trading loss
- £5.0m versus £9.6m in H1 2025
- Headwinds
- Energy, fuel, fertiliser and transport costs; lower avocado and macadamia prices and yields 22 Oct 2026 ↗
- Next update
- Further forecast update in late October 2026
- Trading result
- Forecast loss of £3-5m for 2026 versus a £1.0m trading profit in 2025 22 Oct 2026 ↗
- Revenue
- £255-260m forecast versus £268m in 2025, from Indian garden sales and lower macadamia and avocado sales 22 Oct 2026 ↗
- EBITDA
- £25-28m expected, including approx. £23m profit on disposals 22 Oct 2026 ↗
Next: final 2026 trading result, shaped by Q4 phasing
- 22 Oct 2026 profit warning · -7% on the day
- 26 Aug 2026 profit warning · -4% on the day
Kakuzi land claims
Next: outcome of Kakuzi's proceedings challenging NLC recommendations
- 27 Nov 2025 Kakuzi has started court challenge to NLC
Closed · 3
Company filings. Not investment advice.