Agthia Group Sees Strong Growth in H1 2026 with Increased Dividend Payout

Agthia Group Reports Impressive H1 2026 Performance

Agthia Group PJSC, a prominent figure in the regional food and beverage industry, has delivered impressive results for the first half of 2026. In a recently released report, the company indicated significant improvements in its financial health, reflecting the impact of its multi-year transformation strategy.

According to the latest data, Agthia's revenue for the first half of 2026 climbed to AED 2.6 billion, marking a 7.4% increase year-on-year. This growth was largely driven by unique sales associated with the UAE's food security initiative. The net profit saw an incredible rise of 147.4%, reaching AED 121.4 million. Moreover, the company's EBITDA surged by 35.8% to AED 310.5 million, resulting in EBITDA margins expanding by 250 basis points to an impressive 11.9%.

The second quarter of 2026 was equally fruitful, with revenue hitting AED 1.3 billion, corresponding to an 11.9% year-over-year increase. The EBITDA for this quarter skyrocketed by 172.5%, reaching AED 117.2 million, and the net profit rose to AED 24.5 million.

In a further testament to its strong performance, Agthia reported a significant turnaround in free cash flow, which turned positive at AED 521.4 million from a previous outflow. The company's net debt-to-EBITDA ratio also improved significantly, reducing from 2.9x to 1.8x by the close of June 2026. The solid financial position was underlined by a healthy cash balance of AED 869.6 million, even as total assets continued their upward trajectory, reaching AED 6.5 billion.

Agthia’s transformation initiatives included a focus on core business strengths across various sectors. In particular, the Water and Food segments demonstrated remarkable growth, with Water revenue surging by 38.9% in the second quarter. Al Ain, the group's flagship water brand, solidified its market dominance, gaining a 2.0 percentage point increase in its market share.

Meanwhile, the Protein and Frozen categories also reported substantial growth, with Nabil brand revenues soaring by 32.5% and Atyab reflecting an 8.1% increase. Notably, the latter was bolstered by the operational ramp-up of Agthia's new protein facility in Saudi Arabia.

In an encouraging move for investors, Agthia's Board of Directors has approved an interim cash dividend of 11.792 fils per share, representing a 14.4% year-over-year increase. This marked the second consecutive period of enhanced returns, following a 10% dividend increase noted in the latter half of 2025.

Khalifa Sultan Al Suwaidi, Chairman of Agthia's Board, highlighted the company's steady approach to management, which fosters financial discipline and positive returns even in challenging market environments.

“Our commitment to shareholder value is unwavering, as demonstrated by our ability to improve cash generation while maintaining consistent supply to our customers and supporting the UAE's food security agenda,” said Salmeen Alameri, Agthia's Managing Director and CEO.

The transformation journey initiated a year prior is yielding fruitful results, evidenced by stronger earnings, improved margins, and a bolstered cash position, reinforcing Agthia's resilience amid regional disruptions.

Alameri reiterated the company's dedication to sustainability, showing a year-on-year reduction in emissions by 26.7%, underscoring Agthia's commitment to environmental responsibility.

In conclusion, Agthia Group's robust performance in the first half of 2026 serves as a strong indicator of its successful transformation strategy, positioning the company for continued growth and increased returns in the future.