The Abu Dhabi food and beverage group reported stronger cash generation, lower leverage and revenue growth aided by one-off UAE food security program sales.
Agthia Group PJSC reported stronger first-half 2026 earnings as its multi-year transformation lifted margins, cash flow and balance-sheet strength despite external challenges and cost pressures. First-half revenue rose 7.4% year on year to AED 2.6 billion, supported by one-off sales under the UAE food security program, while EBITDA climbed 35.8% to AED 310.5 million and net profit increased 147.4% to AED 121.4 million. In the second quarter, revenue rose 11.9% to AED 1.3 billion, EBITDA surged 172.5% to AED 117.2 million and net profit reached AED 24.5 million. Free cash flow turned positive at AED 521.4 million from an outflow a year earlier, net debt-to-EBITDA fell to 1.8x from 2.9x in December 2025, and cash stood at AED 869.6 million at the end of June. The board recommended an interim cash dividend of 11.792 fils per share for the six months ended 30 June 2026, up 14.4% year on year, extending a run of higher payouts after a 10.0% increase recommended for the second half of 2025.