Abu Dhabi’s Agthia Group has delivered a stellar financial performance for the first half of the year, reporting a 147.4% surge in net profit to Dh121.4 million. This impressive growth was underpinned by a 7.4% increase in total revenue, reaching Dh2.6 billion, alongside a significant expansion in EBITDA margins. The company’s focus on streamlining operations and maintaining a disciplined financial strategy resulted in a remarkable turnaround in free cash flow, which swung to a positive Dh521.4 million. Consequently, the group successfully reduced its net debt-to-EBITDA ratio, bolstering its balance sheet and providing the flexibility to reward shareholders with an interim dividend increase of 14.4% to 11.792 fils per share.

This momentum was largely driven by robust performance across key segments, including significant gains in the Al Ain water brand and strong growth in the protein, frozen foods, and snacking divisions. Management attributes these results to the success of an ongoing transformation program designed to enhance profitability and operational efficiency. With over Dh869 million in cash reserves, Agthia’s leadership remains confident in the company's ability to navigate broader regional market fluctuations while continuing to support the UAE’s food security agenda and invest in future strategic growth initiatives.