In the first quarter of the year, the food and beverage sector witnessed remarkable growth, with Agthia reporting impressive revenues of AED 1.3 billion. This milestone reflects the company’s strategic direction and operational effectiveness as it navigates a complex market environment. The AED 1.3 billion in revenues during this period not only highlights the organization’s resilience but also its commitment to bolstering the UAE’s food security initiative.
Agthia Group’s net revenues increased by 3.3% year-on-year in the first quarter, reaching AED 1.3 billion. In this context, earnings before interest, taxes, depreciation, and amortization (EBITDA) showed notable growth of 4.1%, amounting to AED 193.3 million. Additionally, net profit rose by 12.5%, bringing the figure to AED 96.9 million. This strong performance is supported by disciplined execution, improved profit margins, and ongoing development in key sectors.
The first-quarter results were bolstered by strong performance in core sectors, alongside significant advancements in transformation projects and the group’s ability to swiftly adapt to a more complex operating environment. Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, commented: “The first-quarter results underscore the importance of resilience, discipline, and a long-term vision in navigating an increasingly complex operating environment. Agthia’s performance reflects the strength of the foundations upon which the group is built and its role in supporting the national food security strategy.”
Salmeen Al Ameri, Managing Director and CEO of Agthia Group, affirmed that “the group’s performance in the first quarter reflects strong execution across various business segments and the robustness of its diverse portfolio.” He added, “In light of changing regional conditions, we have been able to respond quickly to market developments, which has helped maintain supply continuity and organize our operations efficiently. The ongoing transformations across all sectors of the group are beginning to yield results in the form of enhanced operational efficiency and improved profit margins.”
Meanwhile, the water and food sectors continued to be key growth drivers during the first quarter, supported by strong performance in the bottled water sector as well as in home and office services. The protein and frozen foods sector also made encouraging progress with the commissioning of the second phase of the group’s protein facility in Saudi Arabia, adding new production capacity. Agricultural operations contributed to performance by achieving good operational results, particularly in supporting food security in the UAE.
At the same time, the snacks sector continued its restructuring path aimed at enhancing future growth opportunities and improving profit margins. Notably, Agthia Group achieved a 22.5% growth in e-commerce revenues during the first quarter, with these revenues now accounting for 7.2% of total sales. This growth aligns with the company’s focus on innovation and delivering added value to consumers, further strengthening its leading market position.