Financial Highlights
Agthia Group PJSC announced that for the first half of 2026 the Group generated AED 2.6 billion of revenue, a 7.4% year‑on‑year increase, largely supported by one‑off sales under the UAE food‑security programme. EBITDA climbed 35.8% to AED 310.5 million, lifting the EBITDA margin by 250 basis points to 11.9%. Net profit surged 147.4% to AED 121.4 million. In the second quarter alone, revenue rose 11.9% YoY to AED 1.3 billion, EBITDA jumped 172.5% to AED 117.2 million with margin expanding 542 basis points to 9.2%, and net profit reached AED 24.5 million.
Free cash flow turned strongly positive at AED 521.4 million, reversing a cash outflow in the prior year. Cash and cash equivalents stood at AED 869.6 million at 30 June 2026. Net debt‑to‑EBITDA improved to 1.8× from 2.9× recorded in December 2025, reflecting a materially healthier balance sheet. Total assets grew to AED 6.5 billion as of 30 June 2026.
Segment Performance
Water and Food businesses led growth, with Q2 revenue up 38.9% YoY; the Al Ain brand, Agthia’s first billion‑dirham brand, expanded its bottled‑water leadership and gained 2.0 percentage points of value‑market share versus the prior year. The Protein and Frozen segment advanced 22.0% in Q2, driven by Nabil’s 32.5% growth, an 8.1% YoY increase in Atyab, and the ramp‑up of the Group’s new Saudi protein facility. Agri‑Business sales rose 11.0% on strong feed demand, with Agrivita feed sales up 23.3% YoY. Snacking activities continued transformation of the Al Foah and BMB businesses, while Abu Auf recorded a 23.7% YoY revenue increase in Q2.
Dividend and Shareholder Return
The Board of Directors recommended an interim cash dividend of 11.792 fils per share for the six months ended 30 June 2026, representing a 14.4% increase year‑on‑year and the second consecutive period of higher returns after a 10.0% rise in the second half of 2025.
Management Commentary
Chairman Khalifa Sultan Al Suwaidi said the dividend increase reflects disciplined execution and the Board’s confidence in long‑term value, noting that the Group can generate cash to reward shareholders while funding growth despite a demanding environment. Managing Director and CEO Salmeen Alameri highlighted that the multi‑year transformation launched a year earlier is delivering stronger earnings, expanding margins, and improved cash generation, while also supporting UAE food‑security objectives and cutting the emissions‑to‑revenue ratio by 26.7% YoY. CFO Jeroen Nijs added that the financial profile strengthened considerably, with AED 521 million of free cash flow and a net‑debt‑to‑EBITDA reduction to 1.8×, positioning the Group to navigate regional disruptions, execute strategic programmes, and enhance shareholder returns.