Agthia Reports 14.4% Revenue Growth in Q3 2026

Profitability and debt metrics improve

EBITDA for the third quarter of 2026 rose 39.0 per cent to AED 123.1 million. Net profit reached AED 33.2 million, compared to AED 4.1 million in the same quarter of the previous year.

For the first nine months of 2026, the company reported revenue of AED 3.9 billion, a 9.6 per cent increase. EBITDA for this nine-month period reached AED 433.6 million, a 36.7 per cent rise, while net profit nearly tripled to AED 154.6 million.

Agthia held AED 536.2 million in cash, with free cash flow totalled AED 212.1 million for the first nine months of 2026. The net debt-to-EBITDA ratio improved to 2.4x at the end of the nine-month period, down from 2.9x in December 2025.

Segment performance across food and snacking

The Water and Food segment revenue grew 36.7 per cent in the third quarter of 2026. UAE Water revenue rose 8.0 per cent, excluding one-off sales, supported by a 12.9 per cent increase in Home and Office Services.

Agri-Business revenue grew 10.5 per cent during the first nine months, though segment EBITDA declined 39.3 per cent to AED 31.4 million. Margins in this segment contracted 807 basis points because of input and distribution costs.

The Snacking segment saw gross margins rise 613 basis points in the third quarter. Abu Auf revenue grew 21.7 per cent, with 69 new stores added and a 1.0 percentage point gain in ground coffee value share.

Protein and Frozen revenue grew 25.1 per cent, led by 25.3 per cent growth at Nabil. The expanded Saudi facility nearly quadrupled protein sales in the Kingdom.

Strategic transformation amid cost pressures

Agthia is currently moving through a multi-year transformation strategy that shifts its internal focus from building strength to delivering returns.

During the first half of 2026, the company concentrated on its balance sheet and generating cash, which led to an increase in reported earnings in the third quarter. However, the business faced difficulties during the same period due to ongoing cost pressures.

Leadership commentary on market resilience

Company profile and workforce distribution

Agthia Group PJSC is a public food and beverage manufacturing company headquartered in Abu Dhabi, United Arab Emirates, with the stock identifier AGTHIA.

It currently employs 2,158 people, reflecting a growth of 238 over the past year, 59 over the past quarter, and 17 over the past month.

The workforce is distributed across several regions, including 990 in Western Asia, 157 in Northern Africa, 23 in Southern Asia, 5 in Northern America, 5 in South Eastern Asia, 3 in Southern Europe, 3 in Northern Europe, 2 in Latin America, and 1 in Sub Saharan Africa.