Camellia (CAM): Full-year trading outlook
This situation live
CAM Camellia
3 Sep 2026 · Headwinds; full-year outcome uncertain · −7% until the next step
A further update on the forecast for the year will be provided in late October once the impacts are clearer.
22 Oct 2026 · Guidance cut to £3-5m trading loss · +0% since
As a result, Camellia’s trading result for 2026 is expected to be weaker than previously anticipated.
Full-year trading outlook
Guidance cut to £3-5m trading loss
Next: final 2026 trading result, shaped by Q4 phasing
Every step · 2
- 3 Sep 2026 Headwinds; full-year outcome uncertain – A further update on the forecast for the year will be provided in late October once the impacts are clearer. ↗
- 22 Oct 2026 Guidance cut to £3-5m trading loss – As a result, Camellia’s trading result for 2026 is expected to be weaker than previously anticipated. ↗
What is happening
Camellia: Full-year trading outlook – Guidance cut to £3-5m trading loss. ['Guidance cut to £3-5m trading loss']
- In short
- 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.
- Announced
- 3 Sep 2026 · Headwinds; full-year outcome uncertain
- Latest
- 22 Oct 2026 · Guidance cut to £3-5m trading loss
- 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
- 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
- Revenue
- £255-260m forecast versus £268m in 2025, from Indian garden sales and lower macadamia and avocado sales
- EBITDA
- £25-28m expected, including approx. £23m profit on disposals
- Weak units
- Kakuzi, Malawi, South Africa; AJT disappointing on weaker North Sea activity
- Strong units
- Bangladesh, India and EP Kenya tea; Brazilian arable in line
What comes next
final 2026 trading result, shaped by Q4 phasing.
From the company's own announcements. Not investment advice.
Briefing
Camellia in 4 minutes
Camellia owns tea estates, avocado and macadamia orchards, and arable and forestry land across seven countries in Asia, Africa and Brazil. For years its farms lost money in the first half and barely broke even over a...
- Act 1Two hard years of low prices
- Act 2Cash arrives, a plan follows
- Act 3Selling the non-core, planting the core
Also at Camellia 3 open
Disposal of a part (break-up)Disposal of non-core assets – Non-operating disposals substantially complete
Project milestonesFour growth projects – All four proceeding to plan
Legal & regulatoryKakuzi land claims – Kakuzi has started court challenge to NLC
Stake building towards controlCamellia Private Trust Company Limited as Trustee of The Camellia Foundation towards control – 56.45% (from 0%) · closed
Capital returnTender offer and buyback programme – paid · closed
Camellia – company page →