UAE’s Ghitha Holding reports US$710M revenue for H1 2025
The 6.7% rise was largely attributed to recent acquisitions that enhanced the company’s operational scale and market reach.
UAE – Abu Dhabi-based Ghitha Holding PJSC, a subsidiary of International Holding Company (IHC), has reported solid financial performance for the first half of 2025, reflecting the continued execution of its margin-led growth strategy and portfolio optimisation efforts.
The conglomerate, which operates across agriculture, food production, and distribution, posted group revenues of AED 2.61 billion (US$710 million), marking a 6.7% increase compared to the first half of 2024.
According to the company, this growth was largely attributed to recent acquisitions that enhanced the company’s operational scale and market reach. Gross profit surged 23% year-on-year to AED 599.4 million (US$163 million), driven by disciplined pricing, operational efficiencies, and a sharpened focus on high-performing verticals.
“Our first-half results demonstrate the strength of our strategy, with a clear focus on profitable growth, disciplined portfolio integration, and value-driven execution. Growth was driven by a combination of strategic acquisitions and internal margin expansion,” Falal Ameen, CEO of Ghitha Holding, stated.
Ameen noted that the company continues to reshape its customer and channel mix, placing greater emphasis on profitable verticals, pricing discipline, and high-performing segments, a model that has consistently proven to strengthen its profitability and long-term sustainability.
“We also launched the SAP S/4HANA programme during the period, an important step in modernising our digital backbone to support future scalability and national food security goals,” he added.
In line with its long-term strategic focus on high-demand categories, particularly in the protein sector, Ghitha has deepened its foothold through targeted mergers and acquisitions.
In the first half of 2025, its subsidiary Al Ain Farms acquired Al Jazira Poultry Farm, a well-established UAE poultry producer. This move, coupled with the earlier acquisition of Arabian Farms in 2024, has solidified Ghitha’s position in the protein vertical, an area increasingly seen as central to enhancing the UAE’s food security agenda.
The company is also advancing its operational transformation, integrating acquired businesses more closely into its value chain. With its SAP S/4HANA digitalisation initiative in progress and a robust M&A pipeline, Ghitha is poised to deliver scalable growth while contributing to the resilience of the national food system.
Meanwhile, as part of its broader portfolio optimisation strategy, Ghitha Agriculture Holding LLC, a subsidiary of Ghitha Holding PJSC, announced in July 2025 that it had entered into a sale and purchase agreement to divest 100% of its shareholding in AGRINV SPV RSC LTD to NRTC Food Holding LLC.
The deal, valued at US$47 million, underscores Ghitha’s intent to consolidate its investments under high-performing, specialised platforms.
AGRINV SPV is an investment company focused on agricultural assets. Although Ghitha will exit direct ownership, it will continue to consolidate AGRINV SPV through NRTC, one of the UAE’s largest fruit and vegetable trading firms.
Notably, IHC Food Holding, another IHC subsidiary, had previously acquired a 41% stake in NRTC Holding in October 2021 for US$45.2 million, strengthening strategic ties within the group.
The sale is subject to customary closing conditions and regulatory approvals. Once finalised, the transaction will contribute to refining Ghitha’s asset structure and sharpening its strategic focus on scalable, high-margin sectors.
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