Agthia Group, one of the region's leading food and beverage companies based in Abu Dhabi, today (August 4) reported higher revenue, earnings and cash generation for the first half, thus reflecting the growing impact of its multi-year transformation, with stronger cash generation, a materially healthier balance sheet and a 14.4% increase in the interim dividend.

Announcing the results for the six-month period ended June 30, 2026, Agthia said it rose 7.4% year-on-year to AED2.6 billion ($708 million), underpinned by one-off sales under the UAE food security programme that reflected Agthia's role in supporting the national agenda.

Its net profit more than doubled to AED 121.4 million, up 147.4% from the corresponding period last year, while earnings before interest, taxes, depreciation and amortisation (ebitda) increased 35.8% to AED310.5 million. The ebitda margin expanded to 11.9% from 9.4% a year earlier.

Second-quarter revenue increased 11.9% year-on-year to AED 1.3 billion. EBITDA rose 172.5% to AED 117.2 million, with the ebitda margin widening to 9.2% from 3.8% a year earlier. Quarterly net profit stood at AED 24.5 million.

The company said free cash flow reached AED 521.4 million during the first half, compared with an outflow in the same period last year.

Net debt-to-ebitda fell to 1.8 times at the end of June from 2.9 times at the end of December 2025, while cash and cash equivalents rose to AED 869.6 million. Total assets stood at AED 6.5 billion as of June 30.

The Abu Dhabi F&B group said its transformation gathered pace in H1 as it advanced its portfolio reset while navigating external challenges and cost pressures.

Free cash flow turned strongly positive at AED 521.4 million, from an outflow a year earlier, and the Group cut its Net Debt-to-EBITDA to 1.8x from 2.9x in December 2025. Agthia closed the first half of 2026 with AED 869.6 million in cash, providing substantial financial flexibility. Group Total Assets continue to grow, reaching AED 6.5 billion as of June 30, 2026.

On the solid results, Khalifa Sultan Al Suwaidi, Chairman of Agthia's Board, said: "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, said: "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."

Chief Financial Officer Jeroen Nijs said: "Agthia's financial profile strengthened considerably during the first half of 2026. Alongside higher earnings, we generated AED521 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."

Impressed with the performance, Agthia’s Board of Directors has recommended an interim cash dividend of 11.792 fils per share for the six months ended June 30, 2026, a 14.4% increase year-on-year and a second consecutive period of higher returns following the 10% rise recommended for the second half of 2025.