Camellia

CAM · AIM · Food, Beverage and Tobacco · mcap £142m · 5725.0p

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.

Target	Promise	Said	Status
2024
31 Dec 2024	Wind up Bardsley England, closing all operations by end of 2024 (first said Q2 2024)	4 Jan 2024	✗ Missed · target changed
	“Customer's programmes for the 2023 harvest will be supported with closure of all operations expected in Q2 2024.” Also stated 6 Jun 2024 Result Closure slipped from Q2 2024 to before end of 2024; no later card confirms completion. “Progress has been made in the closure of the Bardsley's operation. We have now exited the two major leases and negotiations with the remaining landlords are ongoing. Asset disposals are also underway and we are on track to conclude the winding up process before the end of the year.”6 Jun 2024 · Trading Update
31 Dec 2024	Adjusted loss before tax for 2024 of £10-12m, later narrowed to £7-9m then £4-5m	6 Jun 2024	✗ Missed · target changed
	“we now expect completion in the latter part of 2024” Result Guidance was revised to £7-9m in October and £4-5m in January 2025; trading loss was £5.5m. “Adjusted losses for 2024 are forecast in the range of £4-5 million, down from the previous £7-9 million.”30 Jan 2025 · Trading Update “Adjusted operating loss before tax \| (£4.8m) \| (£9.1m)”30 Apr 2025 · Final Results