Latest news with #Agthia
Zawya
03-06-2025
- Business
- Zawya
Agthia Group appoints Jeroen Nijs as Chief Financial Officer
Abu Dhabi, UAE – Agthia Group PJSC ('Agthia' or 'the Group'), one of the region's leading food and beverage companies, today announced the appointment of Jeroen Nijs as Group Chief Financial Officer. This appointment marks a strategic step in Agthia's journey to further strengthen its financial infrastructure, accelerate transformation, and deepen its focus on long-term value creation, resilience, and operational excellence. Bringing over 25 years of international leadership experience, Jeroen has held senior finance roles at global FMCG companies including Flora Food Group, Mondelēz International, Danone and PepsiCo. Most recently, he served as Global Deputy CFO of Flora Food Group, a USD 3.5 billion consumer packaged goods company. During his time, he introduced AI-enabled Revenue Growth Management, steered post-carve-out performance improvements and oversaw global commercial and supply-chain finance, as well as FP&A functions. During his tenure at Mondelēz Europe, he held several key positions, including Finance Director M&A, Category CFO for the Meals business and Head of Asset Management & Treasury. Jeroen has a track record of talent development and has consistently built high-performing finance teams. He holds a Master of Science in Business & Information Systems Engineering from the University of Hasselt in Belgium. Salmeen Al Ameri, Managing Director and Chief Executive Officer of Agthia Group, commented: 'Jeroen joins Agthia at a key moment in our transformation journey, as we sharpen our focus on operational excellence, financial discipline, and long-term resilience. His global expertise, digital mindset, and strong track record in driving financial innovation will be instrumental as we build a more agile, data-driven organization. Beyond his technical capabilities, Jeroen brings a leadership style rooted in collaboration and integrity - qualities that align closely with Agthia's values and future ambition. I look forward to working with him as we create lasting value for our shareholders, empower our people, and strengthen our position as a responsible, future-focused F&B leader.' Jeroen Nijs, Group Chief Financial Officer of Agthia Group, added: 'It is a privilege to join Agthia at such a pivotal time. The Group's ambitious vision and clear sense of purpose resonate strongly with my own values as a finance leader, as well as my passion for combining purpose with performance. Together with the talented leadership team and colleagues, I look forward to driving the next chapter of Agthia's transformation by building an agile, data-driven and consumer-centric organisation that delivers sustainable, profitable growth and elevates Agthia's relevance on the global FMCG stage.' Hala Hobeiche Katounas, who served as the Group's Interim CFO from January 2025, will resume her responsibilities as Head of Mergers and Acquisitions. About Agthia Agthia Group PJSC (ADX: AGTHIA) is one of the region's leading food and beverage companies headquartered in Abu Dhabi and part of ADQ, an active sovereign investor focused on critical infrastructure and global supply chains. Established in 2004, Agthia has evolved into a diversified, multi-category F&B leader with a strong regional footprint across the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey, and Jordan. The Group's integrated portfolio includes market-leading brands across four key categories: Water & Food (Al Ain Water, Al Bayan, VOSS, Alpin, Campa Cola, SunRice, Al Ain Food), Snacking (Al Foah, BMB, Abu Auf, Al Faysal Bakery & Sweets), Protein and Frozen (Nabil Foods, Atyab, Al Ain Frozen Vegetables), and Agri-Business (Grand Mills, Agrivita). With more than 12,000 employees across its operations, Agthia's products reach consumers in over 60 markets worldwide. For more information, please visit or, email us on corpcoms@ For media requests, please contact: Mohamed Rashaad - Media Relations Director, Influence Communications Email: Forward Looking Statements: Agthia Group PJSC and its management may make forward-looking statements regarding the Group's financial condition, operations, and business. These statements often include terms such as 'anticipates,' 'targets,' 'expects,' 'hopes,' 'estimates,' 'intends,' 'plans,' 'goals,' 'believes,' 'continues,' as well as future or conditional verbs like 'will,' 'may,' 'might,' 'should,' 'would,' and 'could.' Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially. Factors influencing such outcomes include, but are not limited to, market conditions, competition, production inputs, currency fluctuations, tax exposures, and regulatory compliance. While Agthia Group PJSC believes it has a reasonable basis for making these statements, readers are advised to approach such forward-looking information with caution. Agthia does not commit to updating these statements, except as required by law.
Yahoo
30-05-2025
- Business
- Yahoo
Abu Dhabi and Dubai Form Core Pillars in UAE's Expanding Animal Feed Sector
The UAE Animal Feed market, valued at USD 1.26 billion, is expanding due to growth in poultry and livestock farming. Dominated by Abu Dhabi and Dubai, the market benefits from investments in agri-food corridors. Compliance with MOCCAE standards, reliance on imports, and rising pet food demand impact market dynamics. Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "UAE Animal Feed Market Outlook to 2029" has been added to offering. The UAE Animal Feed market, currently valued at USD 1.26 billion, has demonstrated a robust compound annual growth rate over the past five years. This growth is primarily fueled by the expanding poultry and livestock farming sectors. With an animal feed consumption volume reaching 3.00 million tonnes, the market's demand is driven by both meat production and pet food needs. Leading the market are Abu Dhabi and Dubai, thanks to their strong agri-food investment corridors, integrated feed mill operations, and high demand for broiler and ruminant feed. Abu Dhabi is home to prominent facilities like Agthia and Al Ghurair Foods, producing 10,000 MT of poultry feed annually. Dubai provides excellent infrastructural support with logistics parks and dry ports, facilitating efficient importation of crucial raw materials such as soy and corn. The Ministry of Climate Change and Environment (MOCCAE) mandates stringent guidelines for imported animal feed, requiring pre-registration with detailed safety and nutritional documentation. Over 85% of feed imports undergo inspection under UAE's animal health regulations. Inspections are conducted at key ports including Jebel Ali, KIZAD, and Fujairah Free Zone. The regulations include requirements for certification of origin, bilingual labeling, and mandatory GMO-free declarations. Recent amendments to UAE Customs rules introduce batch-level traceability for 2024. UAE Animal Feed Market Segmentation The market is segmented by feed type into poultry, livestock, pet feed, and aquaculture. Poultry feed dominates due to the high demand for broiler meat, supported by investments in large-scale hatcheries and local feed production plants. This aligns with the country's strategy to reduce import dependency and enhance high-protein output. The poultry feed segment is further divided into broiler feed, layer feed, and other bird feeds, with the broiler feed segment holding the majority share due to its role in high-volume broiler meat production. The UAE's production of 2,880 tons annually and hatcheries' output of 10 million day-old chicks underscore the requisite feed for rising chicken consumption. UAE Animal Feed Market Competitive Landscape Dominated by integrated regional producers, the market benefits from robust infrastructure, automated feed mills, and efficient supply chains. Leaders like National Feed and Agrivita boast significant production capacities across various animal segments, including poultry, livestock, and aquaculture. Customized feed formulations, compliance with UAE safety standards, and expansions in free zones fortify their market presence. UAE Animal Feed Market Analysis Growth Drivers The UAE's poultry integration and broiler production are significant growth drivers. Producing over 10 million day-old chicks annually and handling 10,000 metric tons of poultry meat per year, these efforts cater to internal protein demands while reducing import reliance. The UAE Food Security Strategy 2051 underscores this vertical integration's role in fostering domestic feed demand. Additionally, the livestock population in the UAE has grown to over 2.2 million heads, propelled by increased meat consumption and dietary preferences. The emirate's demand for poultry-derived feed inputs supports deeper integration of local livestock systems with feed production cycles, backed by national programs promoting food self-reliance. Urban growth has also spurred pet food demand. With 1.5 million registered pets, primarily in Dubai and Abu Dhabi, urban pet ownership drives the need for specific feeds. The middle class, estimated to be over 3 million, is shifting towards high-nutrition packaged pet foods, boosting the feed segment demand. Market Challenges The UAE heavily relies on raw feed ingredient imports, sourcing over 90% of materials like corn and soybean meal from Brazil, Argentina, and India. Geopolitical tensions and logistics disruptions can lead to immediate feed shortages, as seen in 2023 with Red Sea shipping delays affecting feedstuff movement. Additionally, producing animal feed in the UAE requires significant water usage. The average water footprint for 1 kg of feed ranges between 500 to 1,000 liters due to the arid climate. This places environmental pressure on local production given declining groundwater reserves. UAE Animal Feed Market Future Outlook Over the next five years, the UAE Animal Feed Market is poised for stable growth, driven by strategic policy reforms and national food security initiatives. Anticipated investments in aquaculture, camel feed, and integrated ruminant-poultry systems align with Vision 2030 and the National Food Security Strategy 2051. Increasing demand for non-GMO and functional feed additives, in line with consumer preferences for ethically sourced products, will further shape market dynamics. Market Opportunities Expansions in India's cold storage infrastructure play a crucial role, with over 7 million metric tonnes added. The evolving cold chain network positively impacts FMCG logistics, favoring canned beverage distribution due to advantages such as reduced refrigeration needs and stackability. Moreover, the localization of can components is transforming India's packaging ecosystem. The Production Linked Incentive (PLI) schemes are driving domestic setups for aluminum lids and digitally printed sheets, reducing reliance on imports and enhancing supply chain efficiencies. This shift anticipates more cost-effective, high-speed production, aligning with the next phase of growth in the canned beverage sector. Company Coverage Includes: National Feed and Flour Agthia Group (Agrivita) Fujairah Feed Factory Zabeel Feed Al Marai Al Hodiedha Feed Industry Key Topics Covered: UAE Animal Feed Market Overview Definition and Scope Market Taxonomy Market Growth Rate Market Segmentation Overview UAE Animal Feed Market Size (In USD Million and Million Tonnes) Historical Market Size by Value Historical Market Size by Volume Growth Rate Analysis Key Market Developments and Inflection Points UAE Animal Feed Market Analysis Growth Drivers Expansion in Livestock Population Government Initiatives & Sustainability Programs Shift to High-Protein Feed Composition National Food Security Strategy Restraints Heavy Dependence on Imports Climate and Water Constraints Opportunities Localization of Feed Mills and Production Adoption of Smart Feeding Technologies Trends Growth of Green & Sustainable Feed Rise of Specialized Formulated Feed Growth in Pet Ownership and Pet Nutrition Government Regulations Feed Registration and MOCCAE Mandates Inspection and Sampling Policies GMO Restrictions and Import Certifications Packaging and Labelling Requirements SWOT Analysis Ecosystem Mapping Porters Five Forces Analysis Competition Ecosystem UAE Animal Feed Market Segmentation By Type By Form By Procurement Mode By Ingredient Type By End Use Segment UAE Animal Feed Market Competitive Analysis Detailed Company Profiles Cross Comparison Parameters Market Share Analysis Strategic Initiatives and Facility Expansions Joint Ventures and Strategic Partnerships Investor Participation and Private Capital Inflows Government Support and Feed Security Incentives UAE Animal Feed Market Regulatory Landscape MOCCAE Feed Import Policy Emirates Authority for Standardization & Metrology (ESMA) Sampling, Quality Testing & Veterinary Clearance Certification, Safety and GMO-Free Norms Animal Welfare Compliance and Packaging Guidelines UAE Animal Feed Future Market Outlook Future Market Size Projections Demand Forecast by Livestock and Poultry Growth Projected Share of Domestic Feed Production Investment Opportunities in Local Feed Mills Technology-Driven Feed Solutions for 2030 Feed Security UAE Animal Feed Market Analyst Recommendations TAM, SAM, SOM Opportunity Mapping Strategic Import Substitution Roadmap Feed Optimization Frameworks Local Manufacturing Cost Benefit Analysis Regional Market Prioritization For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
14-05-2025
- Business
- Zawya
Growth in core segments partially offsets segment-specific headwinds
Group Net Revenue at AED 1.3 billion; underlying growth of 5.2% YoY Group EBITDA at AED 185.7 million; with EBITDA Margin of 14.5% Net Profit at AED 86.1 million; Net Profit Margin at 6.7% The dates business continues to face lingering challenges from the 2024 harvest, with proactive efforts underway to mitigate the impact Abu Dhabi, UAE – Agthia Group PJSC ('Agthia' or 'the Group'), one of the region's leading food and beverage companies, today announced its financial results for the three-month period ending 31 March 2025. The Group reported AED 1.3 billion in revenue for Q1 2025, reflecting a year-on-year decline of 11.4%, with the quarter lapping the one-time wheat trading activity (AED 120 million), the significant devaluation of the Egyptian currency (EGP) in March 2024, and the carryover of the short-term operational challenges in the dates business. Excluding the impact of EGP devaluation and the wheat trading activity recorded last year, Group revenue would have recorded an increase of 5.2% year-on-year. Group EBITDA declined 20.2% year-on-year to AED 185.7 million, with a margin of 14.5%, reflecting ongoing pressures in specific categories. Net Profit for the quarter stood at AED 86.1 million, with a margin of 6.7%. Profitability was also impacted by the implementation of the Pillar II corporate tax in the UAE, which raised the Group's effective tax rate to 19.3%, up from 13.5% in the same period last year. Performance by Segment: Water & Food: Revenue increased by 10.6% year-on-year, driven by strong growth in bottled water and Home and Office Services (HOS) across the UAE, Turkey, and KSA. Al Ain Water continued to cement its market leadership, securing high-profile B2B contracts including Marriott Group UAE. Segment EBITDA grew 17.6%, supported by SG&A efficiencies and resulting in a 104bps margin expansion to 17.5%. Agri-Business: Reported revenue declined year-on-year, reflecting the absence of wheat trading activity recorded in Q1 2024. Excluding the trading activity, the segment delivered 2.9% revenue growth. Agri-Business EBITDA increased by 16.1%, with a margin expansion of 708bps, supported by favorable commodity dynamics and disciplined cost control. Snacking: Revenue declined 8.2% year-on-year, mainly due to lower sales in the Dates business. Dates business profitability was impacted by the sale of specific excess inventory at reduced prices. Whilst the global dates market remains robust, Agthia continues to reset the business in preparation for the 2025 harvest season. These challenges will persist through Q2 2025. Abu Auf also faced margin pressure due to higher coffee input costs, while BMB delivered strong double-digit EBITDA growth on the back of revenue momentum and cost optimization, reflecting the value of a diversified snacking portfolio. Protein & Frozen: Revenue declined 15.7% year-on-year, impacted by continued softness in Egypt and lower exports from Jordan. Segment EBITDA Margin was impacted by higher raw material costs at Nabil and Al Ain Egypt, as well as by temporary fixed-cost pressure during the ramp-up at the new KSA facility. However, Atyab delivered a 158bps improvement in EBITDA margin, reflecting strong operational execution. With Phase II of the KSA facility underway, performance is expected to improve as the project completes in the beginning of 2026. During the quarter, Agthia increased its stake in Abu Auf from 70% to 80%, deepening integration within the Snacking segment and underscoring the Group's strong belief in its long-term growth potential. The move reflects Agthia's continued focus on scaling high-opportunity categories aligned with evolving consumer trends. In parallel, the Group's Board approved the acquisition of Riviere, a leading bottled water HOS player in the UAE, further expanding Agthia's direct-to-consumer footprint and strengthening its leadership in the Water category. Innovation remains a key driver of Agthia's growth and transformation journey, contributing AED 45 million to Q1 2025 performance. Led by its Central Innovation Team, Agthia continues to foster collaboration across business units. In Snacking, Abu Auf introduced espresso-machine capsules and expanded its snacking portfolio with new chocolate varieties, while Zadina launched date-sweetened pistachio kunafa chocolate and premium kunafa stuffed dates and wafers. In Water & Food, Al Ain Water revamped its premium glass packaging to elevate shelf presence and appeal. In Protein & Frozen, Atyab relaunched a range of cold cuts range, with 2 new SKUs introduced, aiming to boost supermarket visibility and support overall range. Meanwhile, Meatland re-launched its Luncheon range with a refreshed packaging design and more competitive pricing to drive growth in the Tier-2 Luncheon segment. Agthia also advanced its digital transformation efforts in Q1 2025, enhancing both customer experience and operational efficiency, driving a 18.7% surge in e-commerce revenue, now representing 5.6% of total Group revenue. Agthia continued to advance its sustainability roadmap in Q1 2025, achieving an 8.5% reduction in absolute water consumption. The Group partnered with the Authority of Social Contribution - Ma'an and Khubza Bakery on the 'A Million Pieces of Bread' initiative during Ramadan, as part of the UAE's Year of Community campaign. It also earned Gold recognition as Sustainable Brand Owner of the Year 2025 for its 100% recyclable monolayer flexible packaging for 'Freakin' Wholesome roasted walnuts stuffed dates pouch'. To strengthen ESG governance and transparency, Agthia launched a Smart ESG Platform integrating over 150 KPIs, enabling real-time audits and streamlined reporting across the business. Alan Smith, Group Chief Executive Officer of Agthia Group, commented: 'Over the course of the past two decades, our ability to navigate a dynamic operating environment has been tested multiple times. We have the utmost confidence in the resilience of our business and our ability to withstand short-term pressures in some segments, and while we acknowledge the short-term pressures in select segments, we are not defined by them. What stands out this quarter is the continued strength in Water and Agri-Business, the operational momentum across our diversified portfolio, and the solid groundwork we're laying for the future. We are focused on disciplined execution, integrating recent acquisitions, and accelerating synergies that drive long-term value creation. Our increased ownership in Abu Auf and the acquisition of Riviere are testament to our commitment to reinforcing leadership in high-potential verticals. Agthia is in a strong position to deliver sustainable, profitable growth and continued value for all our stakeholders.' Agthia ended the quarter with a Net Debt-to-EBITDA ratio of 2.4x and AED 321 million in cash and equivalents - maintaining a strong financial position that supports continued investment in strategic priorities and growth opportunities. The Group's Q1 2025 financial results are available at and on the Abu Dhabi Securities Exchange ( About Agthia Agthia Group PJSC (ADX: AGTHIA) is one of the region's leading food and beverage companies headquartered in Abu Dhabi and part of ADQ, one of the largest holding companies in the Middle East. Established in 2004, Agthia has evolved into a diversified, multi-category F&B leader with a strong regional footprint across the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey, and Jordan. The Group's integrated portfolio includes market-leading brands across four key categories: Water & Food (Al Ain Water, Al Bayan, VOSS, Alpin, SunRice, Campa Cola), Snacking (Al Foah, BMB, Abu Auf, Al Faysal Bakery & Sweets), Protein and Frozen (Nabil Foods, Atyab, Al Ain Frozen Vegetables), and Agri-Business (Grand Mills, Agrivita). With more than 12,000 employees across its operations, Agthia's products reach consumers in over 60 markets worldwide.
Zawya
14-05-2025
- Business
- Zawya
Agthia Group results for the first 3 months of 2025
Group EBITDA at AED 185.7 million; with EBITDA Margin of 14.5% Net Profit at AED 86.1 million; Net Profit Margin at 6.7% The dates business continues to face lingering challenges from the 2024 harvest, with proactive efforts underway to mitigate the impact Abu Dhabi, UAE – Agthia Group PJSC ('Agthia' or 'the Group'), one of the region's leading food and beverage companies, today announced its financial results for the three-month period ending 31 March 2025. The Group reported AED 1.3 billion in revenue for Q1 2025, reflecting a year-on-year decline of 11.4%, with the quarter lapping the one-time wheat trading activity (AED 120 million), the significant devaluation of the Egyptian currency (EGP) in March 2024, and the carryover of the short-term operational challenges in the dates business. Excluding the impact of EGP devaluation and the wheat trading activity recorded last year, Group revenue would have recorded an increase of 5.2% year-on-year. Group EBITDA declined 20.2% year-on-year to AED 185.7 million, with a margin of 14.5%, reflecting ongoing pressures in specific categories. Net Profit for the quarter stood at AED 86.1 million, with a margin of 6.7%. Profitability was also impacted by the implementation of the Pillar II corporate tax in the UAE, which raised the Group's effective tax rate to 19.3%, up from 13.5% in the same period last year. Performance by Segment: Water & Food: Revenue increased by 10.6% year-on-year, driven by strong growth in bottled water and Home and Office Services (HOS) across the UAE, Turkey, and KSA. Al Ain Water continued to cement its market leadership, securing high-profile B2B contracts including Marriott Group UAE. Segment EBITDA grew 17.6%, supported by SG&A efficiencies and resulting in a 104bps margin expansion to 17.5%. Agri-Business: Reported revenue declined year-on-year, reflecting the absence of wheat trading activity recorded in Q1 2024. Excluding the trading activity, the segment delivered 2.9% revenue growth. Agri-Business EBITDA increased by 16.1%, with a margin expansion of 708bps, supported by favorable commodity dynamics and disciplined cost control. Snacking: Revenue declined 8.2% year-on-year, mainly due to lower sales in the Dates business. Dates business profitability was impacted by the sale of specific excess inventory at reduced prices. Whilst the global dates market remains robust, Agthia continues to reset the business in preparation for the 2025 harvest season. These challenges will persist through Q2 2025. Abu Auf also faced margin pressure due to higher coffee input costs, while BMB delivered strong double-digit EBITDA growth on the back of revenue momentum and cost optimization, reflecting the value of a diversified snacking portfolio. Protein & Frozen: Revenue declined 15.7% year-on-year, impacted by continued softness in Egypt and lower exports from Jordan. Segment EBITDA Margin was impacted by higher raw material costs at Nabil and Al Ain Egypt, as well as by temporary fixed-cost pressure during the ramp-up at the new KSA facility. However, Atyab delivered a 158bps improvement in EBITDA margin, reflecting strong operational execution. With Phase II of the KSA facility underway, performance is expected to improve as the project completes in the beginning of 2026. During the quarter, Agthia increased its stake in Abu Auf from 70% to 80%, deepening integration within the Snacking segment and underscoring the Group's strong belief in its long-term growth potential. The move reflects Agthia's continued focus on scaling high-opportunity categories aligned with evolving consumer trends. In parallel, the Group's Board approved the acquisition of Riviere, a leading bottled water HOS player in the UAE, further expanding Agthia's direct-to-consumer footprint and strengthening its leadership in the Water category. Innovation remains a key driver of Agthia's growth and transformation journey, contributing AED 45 million to Q1 2025 performance. Led by its Central Innovation Team, Agthia continues to foster collaboration across business units. In Snacking, Abu Auf introduced espresso-machine capsules and expanded its snacking portfolio with new chocolate varieties, while Zadina launched date-sweetened pistachio kunafa chocolate and premium kunafa stuffed dates and wafers. In Water & Food, Al Ain Water revamped its premium glass packaging to elevate shelf presence and appeal. In Protein & Frozen, Atyab relaunched a range of cold cuts range, with 2 new SKUs introduced, aiming to boost supermarket visibility and support overall range. Meanwhile, Meatland re-launched its Luncheon range with a refreshed packaging design and more competitive pricing to drive growth in the Tier-2 Luncheon segment. Agthia also advanced its digital transformation efforts in Q1 2025, enhancing both customer experience and operational efficiency, driving a 18.7% surge in e-commerce revenue, now representing 5.6% of total Group revenue. Agthia continued to advance its sustainability roadmap in Q1 2025, achieving an 8.5% reduction in absolute water consumption. The Group partnered with the Authority of Social Contribution - Ma'an and Khubza Bakery on the 'A Million Pieces of Bread' initiative during Ramadan, as part of the UAE's Year of Community campaign. It also earned Gold recognition as Sustainable Brand Owner of the Year 2025 for its 100% recyclable monolayer flexible packaging for 'Freakin' Wholesome roasted walnuts stuffed dates pouch'. To strengthen ESG governance and transparency, Agthia launched a Smart ESG Platform integrating over 150 KPIs, enabling real-time audits and streamlined reporting across the business. Alan Smith, Group Chief Executive Officer of Agthia Group, commented: 'Over the course of the past two decades, our ability to navigate a dynamic operating environment has been tested multiple times. We have the utmost confidence in the resilience of our business and our ability to withstand short-term pressures in some segments, and while we acknowledge the short-term pressures in select segments, we are not defined by them. What stands out this quarter is the continued strength in Water and Agri-Business, the operational momentum across our diversified portfolio, and the solid groundwork we're laying for the future. We are focused on disciplined execution, integrating recent acquisitions, and accelerating synergies that drive long-term value creation. Our increased ownership in Abu Auf and the acquisition of Riviere are testament to our commitment to reinforcing leadership in high-potential verticals. Agthia is in a strong position to deliver sustainable, profitable growth and continued value for all our stakeholders.' Agthia ended the quarter with a Net Debt-to-EBITDA ratio of 2.4x and AED 321 million in cash and equivalents - maintaining a strong financial position that supports continued investment in strategic priorities and growth opportunities. The Group's Q1 2025 financial results are available at and on the Abu Dhabi Securities Exchange ( About Agthia Agthia Group PJSC (ADX: AGTHIA) is one of the region's leading food and beverage companies headquartered in Abu Dhabi and part of ADQ, one of the largest holding companies in the Middle East. Established in 2004, Agthia has evolved into a diversified, multi-category F&B leader with a strong regional footprint across the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey, and Jordan. The Group's integrated portfolio includes market-leading brands across four key categories: Water & Food (Al Ain Water, Al Bayan, VOSS, Alpin, SunRice, Campa Cola), Snacking (Al Foah, BMB, Abu Auf, Al Faysal Bakery & Sweets), Protein and Frozen (Nabil Foods, Atyab, Al Ain Frozen Vegetables), and Agri-Business (Grand Mills, Agrivita). With more than 12,000 employees across its operations, Agthia's products reach consumers in over 60 markets worldwide. For more information, please visit or, email us on corpcoms@
Al Etihad
13-05-2025
- Business
- Al Etihad
Agthia reports Dh1.3 billion in Q1 net revenue
ABU DHABI (WAM) Agthia Group PJSC today announced its financial results for the three-month period ending 31 March 2025. The Group reported Dh 1.3 billion in revenue for Q1 2025, reflecting a year-on-year decline of 11.4%, with the quarter lapping the one-time wheat trading activity (Dh 120 million), the significant devaluation of the Egyptian currency (EGP) in March 2024, and the carryover of the short-term operational challenges in the dates business. Excluding the impact of EGP devaluation and the wheat trading activity recorded last year, Group revenue would have recorded an increase of 5.2% year-on-year. Group EBITDA declined 20.2% year-on-year to Dh 185.7 million, with a margin of 14.5%, reflecting ongoing pressures in specific categories. Net Profit for the quarter stood at Dh 86.1 million, with a margin of 6.7%. Profitability was also impacted by the implementation of the Pillar II corporate tax in the UAE, which raised the Group's effective tax rate to 19.3%, up from 13.5% in the same period last year. During the quarter, Agthia increased its stake in Abu Auf from 70% to 80%, deepening integration within the Snacking segment and underscoring the Group's strong belief in its long-term growth potential. The move reflects Agthia's continued focus on scaling high-opportunity categories aligned with evolving consumer trends. In parallel, the Group's Board approved the acquisition of Riviere, a leading bottled water HOS player in the UAE, further expanding Agthia's direct-to-consumer footprint and strengthening its leadership in the Water category. Agthia ended the quarter with a Net Debt-to-EBITDA ratio of 2.4x and Dh 321 million in cash and equivalents, maintaining a strong financial position that supports continued investment in strategic priorities and growth opportunities.
