Agthia Proposes Increased Dividend Following Profit Surge

Aug 5, 2026

74 min

Aug 5, 2026 06:31

Agthia proposes 14.4% higher dividend after H1 profit jumps 147%

## Profit Surge and Dividend Proposal

Agthia Group, based in Abu Dhabi, has announced a significant increase in its interim dividend following a substantial rise in profits for the first half of 2026. The company reported a 147.4% increase in net profit, reaching Dh121.4 million, compared to the same period last year. Consequently, the board has proposed a 14.4% increase in the interim dividend, amounting to 11.792 fils per share.

## Financial Performance Highlights

The group's revenue for the first half of the year rose by 7.4% to Dh2.6 billion. Earnings before interest, tax, depreciation, and amortization (EBITDA) also saw a notable increase of 35.8%, reaching Dh310.5 million. The EBITDA margin improved by 250 basis points to 11.9%. This growth was partly driven by one-off sales through the UAE food security program.

## Strengthened Cash Flow and Reduced Debt

Agthia's free cash flow reached Dh521.4 million, reversing a previous outflow. The company reduced its net debt-to-EBITDA ratio from 2.9 times at the end of 2025 to 1.8 times by June 2026. Cash reserves increased to Dh869.6 million, and total assets grew to Dh6.5 billion.

## Sector Performance

In the second quarter, Agthia's revenue climbed to Dh1.3 billion, an 11.9% increase from the previous year. The Water and Food division led growth, with a 38.9% revenue increase. The Protein and Frozen division also performed well, with Nabil's revenue rising by 32.5%. The Agri-Business sector saw an 11% increase in revenue, driven by higher demand for animal feed.

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