Abu dhabi: Agthia Group PJSC (AGTHIA:UH), a prominent food and beverage company in the region, has announced its financial results for the first half and second quarter of 2026. The results highlight the company's ongoing transformation efforts, with significant improvements in cash generation, a healthier balance sheet, and a 14.4% increase in the interim dividend.
According to Emirates News Agency, Agthia's transformation efforts accelerated in the first half of 2026 as the company advanced its portfolio reset amid external challenges and cost pressures. Group Revenue for the first half rose by 7.4% year-on-year, reaching AED 2.6 billion. This increase was fueled by one-off sales under the UAE food security programme, which underscored Agthia's role in supporting the national agenda. The company's EBITDA climbed 35.8% to AED 310.5 million, with an EBITDA margin expansion of 250 basis points to 11.9%. Net profit surged by 147.4% year-on-year to AED 121.4 million.
In the second quarter of 2026, Group Revenue saw an 11.9% year-on-year increase to AED 1.3 billion. EBITDA soared by 172.5% to AED 117.2 million, with a margin expansion of 542 basis points to 9.2%. Net profit for the quarter reached AED 24.5 million.
Agthia also reported a strong positive free cash flow of AED 521.4 million, compared to an outflow in the previous year. The company reduced its Net Debt-to-EBITDA ratio to 1.8x from 2.9x in December 2025. By the end of the first half of 2026, Agthia held AED 869.6 million in cash, providing significant financial flexibility. The Group's total assets continued to grow, reaching AED 6.5 billion as of 30 June 2026.
The Board of Directors of Agthia has recommended an interim cash dividend of 11.792 fils per share for the six months ending 30 June 2026, marking a 14.4% increase year-on-year and a continuation of higher returns following a 10.0% rise recommended for the second half of 2025. This increase is supported by improved cash generation and a robust balance sheet.
Khalifa Sultan Al Suwaidi, Chairman of Agthia's Board, noted that the raised interim dividend for a second consecutive period demonstrates the disciplined management of Agthia and the Board's confidence in its long-term value. He expressed satisfaction with the Group's ability to generate cash to reward shareholders and support growth in a challenging environment.
Salmeen Alameri, Managing Director and CEO of Agthia Group, stated that the transformation initiated a year ago is yielding tangible results, with stronger earnings, expanding margins, and improved cash generation enhancing the balance sheet.
Jeroen Nijs, Chief Financial Officer of Agthia Group, highlighted the significant strengthening of Agthia's financial profile during the first half of 2026. He emphasized the combination of earnings growth, cash generation, and balance sheet deleveraging as a reflection of the financial discipline being instilled across the organization.