Abu dhabi: Ghitha Holding, a subsidiary of 2PointZero, has released its consolidated financial results for the first quarter ending March 31, 2026. Revenue for the period increased by 23 percent year-on-year to AED1.62 billion, fueled by the robust performance across the Group's core business segments. The growth was primarily attributed to organic expansion in key categories and continued integration, illustrating the resilience of Ghitha's diversified platform and consistent demand across essential food segments.
According to Emirates News Agency, Ghitha Holding's gross profit rose by 8 percent year-on-year to AED330.8 million, driven by higher revenues and ongoing optimization across its operations. Falal Ameen, CEO of Ghitha Holding, noted that the company delivered a strong beginning to 2026 with double-digit revenue growth, underscoring the robustness of its platform and the strong demand across core categories. Ameen emphasized the strength of the integrated operating model and its capacity to sustain growth despite a challenging geopolitical landscape.
Ghitha Holding continues to play a pivotal role in supporting the UAE's food security agenda by ensuring a reliable supply of essential food products. The acquisition of Taaza by NRTC has bolstered the company's presence in the fruits and vegetables segment and enhanced its farm-to-market capabilities. Looking forward, Ghitha remains focused on driving operational efficiencies and pursuing disciplined expansion opportunities that offer sustainable value and attractive returns.
During the quarter, Ghitha reinforced its commitment to national food security by leveraging its integrated platform to meet local demand and ensure the continuity of supply across essential food categories. The Group plans to continue the integration and expansion of Taaza under NRTC, scaling operations and distribution capabilities to support growth in the fresh-cut, juice, and adjacent product segments. This move aligns with Ghitha's strategy to deepen its presence in high-demand categories and enhance vertical integration across the fresh produce value chain.
Operationally, Ghitha maintained its progress on the implementation of SAP, a strategic initiative aimed at improving efficiency, integration, and scalability across the platform. Looking ahead, the Group remains focused on disciplined growth across its core segments, seeking opportunities that meet its return thresholds while continuing to drive operational efficiencies and scale benefits across the business. Ghitha is well-positioned to sustain its growth trajectory while contributing significantly to the UAE's long-term food security objectives.