Agthia reports strong H1 2026 results, raises interim dividend by 14.4%
Group revenue increased 7.4% year-on-year to AED 2.6 billion, with growth supported in part by one-off sales under the UAE food security programme.
UAE – Agthia Group PJSC, one of the Middle East’s leading food and beverage companies, has announced a robust financial performance for the first half of 2026, driven by strong operational execution, revenue growth across core divisions, and an expanding regional footprint.
Reflecting its improved balance sheet and robust cash flow generation, the Abu Dhabi-listed group’s Board of Directors recommended an interim cash dividend of 11.792 fils per share, marking a 14.4% increase year-on-year.
For the six-month period ending June 30, 2026, Agthia reported a 7.4% year-on-year increase in group revenue to AED 2.6 billion (US$708 million).
Net profit soared by 147.4% year-on-year to reach AED 121.4 million (US$33.1M), up from the previous year’s levels, supported by higher operational efficiencies and value creation across primary verticals.
Group EBITDA climbed 35.8% to AED 310.5 million (US$84.6M), with the EBITDA margin expanding by 250 basis points to 11.9%.
Revenue momentum was further bolstered during the period by one-off supply commitments under the UAE food security program, emphasizing Agthia’s strategic role in national food stability.
Performance across key operating segments demonstrated broad-based stability.
The Water and Food segment registered strong top-line gains, led by flagship bottled water brand Al Ain, which expanded its market share dominance.
The Protein and Frozen division recorded solid quarter-on-quarter acceleration, boosted by strong sales from Nabil and the ongoing operational ramp-up of Agthia’s new production facility in Saudi Arabia.
Additionally, the Agri-Business segment saw sustained demand for animal feed, driven by the Agrivita brand.
Financially, Agthia significantly strengthened its capital position over the six-month period.
The company generated AED 521.4 million (US $142M) in free cash flow, representing a complete reversal from the cash outflow registered during the same period in 2025.
Strong operational cash conversion enabled the group to reduce its net debt-to-EBITDA ratio to 1.8x from 2.9x at the close of December 2025.
The group ended the first half with AED 869.6 million in cash reserves and total assets rising to AED 6.5 billion (US $1.8B).
The approved 14.4% dividend increase highlights management’s confidence in the group’s multi-year strategic transformation, marking the second consecutive period of higher returns for shareholders.
Moving into the second half of 2026, Agthia remains focused on expanding its regional market presence, embedding operational discipline, and navigating macroeconomic uncertainties while driving long-term value creation.
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