Agthia Group reports 12.5% net profit growth

HMABU DHABI: Agthia Group PJSC today announced a strong performance for the first quarter of 2026, reflecting disciplined execution across its diversified portfolio, and its ability to maintain operational continuity amid external headwinds.Group Net Revenue rose 3.3% year-on-year to AED1.3 billion, EBITDA grew 4.1% to AED 193.3 million, while net profit increased 12.5% to AED 96.9 million, supported by disciplined execution, stronger margin delivery, and improving operating performance across key businesses. Results of the quarter were shaped by strong execution in core segments, continued progress across transformation projects, and the Group’s ability to respond quickly to a more complex operating environment.Khalifa Sultan Al Suwaidi, Chairman of Agthia’s Board, commented: “The first quarter reinforced the importance of resilience, discipline and long-term perspective in navigating a more complex operating environment. Agthia’s performance reflects the strength of the Group’s fundamentals, the relevance of its role in supporting the broader food security agenda, and the focus with which it continues to execute against its strategic priorities.”Salmeen Alameri, Managing Director & CEO of Agthia Group, added: “Our first-quarter performance reflects disciplined execution across the business, the strength of our diversified portfolio, and the commitment of our teams across the Group. In a complex regional context, we responded with agility, maintained uninterrupted supply, and continued to manage our operations with focus and consistency. At the same time, the transformation actions underway across the Group are beginning to translate more clearly into performance, supporting improved operating efficiency, stronger margin delivery, and a more resilient earnings profile. We remain firmly focused on our long-term priorities and confident in our ability to continue strengthening Agthia’s position as a leading food and beverage company.”Water & Food remained a key growth driver during the quarter, supported by strong performance in UAE bottled water and Home and Office Services. Protein & Frozen also showed encouraging progress as transformation efforts continued and the ramp-up of the Group’s Saudi protein facility gathered pace, with Phase II now operational and adding capacity. Agri-Business further supported Group performance, delivering resilient underlying results alongside its participation in UAE food security-related programs, while Snacking continued to move through a reset focused on strengthening future growth and margin potential.In Q1 2026, the Group also delivered a 22.5% increase in e-commerce revenue, which now accounted for 7.2% of underlying revenue.Article Source: Emirates News Agency (WAM)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.