In a stellar showcase of financial resilience and operational efficiency, Agthia Group PJSC has unveiled its spectacular first-half and second-quarter results for 2026 in the UAE. The leading food and beverage powerhouse reported a materially healthier balance sheet and surging EBITDA, reflecting the growing success of its multi-year transformation strategy. As the Group aggressively advances its strategic portfolio reset while expertly navigating external market challenges and inflationary cost pressures, its robust cash generation and rising profits signal a new era of sustainable growth.
Navigating Market Challenges to Drive Phenomenal Revenue Growth
The overarching transformation of the business gathered unprecedented pace during the first half of 2026. For H1 2026, Group Revenue increased by a solid 7.4% year-on-year, reaching an impressive AED 2.6 billion. This top-line growth was heavily underpinned by strategic, one-off sales executed under the vital UAE food security programme, underscoring Agthia’s pivotal role in supporting the nation’s broader strategic agenda during volatile global conditions.
The profitability metrics recorded were equally remarkable. The Group’s EBITDA climbed by a staggering 35.8% to reach AED 310.5 million, with the EBITDA margin expanding by a notable 250 basis points to land at 11.9%. Overall net profit reached AED 121.4 million, reflecting a massive 147.4% year-on-year surge that demonstrates the profound efficacy of their recent cost-optimization efforts.
Focusing specifically on the second quarter of the year, the financial momentum accelerated even further. Group Revenue saw an 11.9% year-on-year increase, reaching AED 1.3 billion. Q2 EBITDA skyrocketed by 172.5% to hit AED 117.2 million, as the margin expanded by 542 basis points to 9.2%. During these three months, Net Profit reached a solid AED 24.5 million, defying the typical seasonal slowdowns often observed in the regional food and beverage sector.
Stronger Cash Generation and Financial Flexibility
A standout highlight of the H1 2026 financial disclosure is the company’s dramatically improved liquidity profile. Free cash flow turned strongly positive, generating AED 521.4 million compared to a noticeable outflow recorded during the same period a year earlier. Furthermore, the Group significantly deleveraged its balance sheet, cutting its Net Debt-to-EBITDA ratio from 2.9x in December 2025 down to a highly comfortable 1.8x.
By the end of the first half of 2026, Agthia held AED 869.6 million in cash reserves, equipping the organization with substantial financial flexibility to fund future acquisitions, technological upgrades, and market expansions. Total assets have also continued their steady upward trajectory, reaching an impressive AED 6.5 billion as of June 30, 2026.
Jeroen Nijs, Chief Financial Officer of Agthia Group, highlighted the success of these rigorous financial optimizations:
“Agthia’s financial profile strengthened considerably during the first half of 2026. Alongside higher earnings, we generated AED 521 million of free cash flow, while reducing Net Debt-to-EBITDA from 2.9x to 1.8x. The combination of earnings growth, cash generation and balance sheet deleveraging reflects the financial discipline we are embedding across the organisation.”
Rewarding Shareholders with Higher Interim Dividends
Thanks to the stellar cash generation and a highly robust balance sheet, Agthia’s Board of Directors has confidently recommended an interim cash dividend of 11.792 fils per share for the first six months of 2026. This translates to a 14.4% year-on-year increase and marks the second consecutive period of higher shareholder returns, following a 10.0% rise recommended for the latter half of 2025.
Khalifa Sultan Al Suwaidi, Chairman of Agthia’s Board, expressed his immense confidence in the Group’s long-term trajectory:
“Raising the interim dividend for a second consecutive period speaks to the discipline with which Agthia is being run and to the Board’s belief in its long-term value. Even in a demanding environment, the Group is generating the cash to reward shareholders and fund its own growth, and that balance is exactly what we are working to protect.”
Salmeen Alameri, Managing Director and CEO of Agthia Group, further reinforced this highly positive operational outlook, stating:
“The transformation we set in motion a year ago is delivering tangible results, with stronger earnings, expanding margins, and improved cash generation strengthening our balance sheet.”
With its roots firmly planted in the UAE, Agthia continues to prove its unparalleled capacity to adapt, execute, and deliver outstanding financial value to both the national economy and its dedicated investors.
