Agthia Lifts Interim Dividend as Profits Surge in Transformation Drive

For the first half of 2026, Agthia reported revenue of AED 2.6 billion, a 7.4% increase driven partly by specialized sales under the UAE food security program. The group’s EBITDA climbed 35.8% to AED 310.5 million, while net profit hit AED 121.4 million. This financial turnaround is underscored by a shift to positive free cash flow of AED 521.4 million, a sharp reversal from the previous year’s outflow. Consequently, the company reduced its net debt-to-EBITDA ratio to 1.8x, down from 2.9x at the end of 2025.

Operational growth was led by the Water and Food segment, which saw a 38.9% revenue spike in the second quarter. The Al Ain brand successfully expanded its market share by 2.0 percentage points, while the Protein and Frozen category grew by 22.0%. The Snacking division also showed resilience, with the Abu Auf brand recording a 23.7% revenue increase. These gains, coupled with a 26.7% reduction in emissions, reflect the company’s dual focus on market expansion and sustainability.

Board Chairman Khalifa Sultan Al Suwaidi highlighted that the dividend increase to 11.792 fils per share demonstrates the group's disciplined execution. With AED 869.6 million in cash reserves, management maintains that the company is well-positioned to navigate ongoing regional disruptions while continuing to fund its strategic transformation initiatives.