Abu dhabi: Agthia Group PJSC today announced a performance for the first quarter of 2026, reflecting disciplined execution across its diversified portfolio, and its ability to maintain operational continuity amid external headwinds. Group Net Revenue rose 3.3% year-on-year to AED1.3 billion, EBITDA grew 4.1% to AED 193.3 million, while net profit increased 12.5% to AED 96.9 million, supported by disciplined execution, stronger margin delivery, and improving operating performance across key businesses. Results of the quarter were shaped by execution in core segments, progress across transformation projects, and the Group's ability to respond quickly to a more complex operating environment.
According to Emirates News Agency, Khalifa Sultan Al Suwaidi, Chairman of Agthia's Board, commented that the first quarter reinforced the importance of resilience, discipline, and long-term perspective in navigating a more complex operating environment. Agthia's performance reflects the strength of the Group's fundamentals, the relevance of its role in supporting the broader food security agenda, and the focus with which it continues to execute against its strategic priorities.
Salmeen Alameri, Managing Director and CEO of Agthia Group, added that their first-quarter performance reflects disciplined execution across the business, the strength of their diversified portfolio, and the commitment of their teams across the Group. In a complex regional context, they responded with agility, maintained uninterrupted supply, and continued to manage operations with focus and consistency. At the same time, transformation actions underway across the Group are beginning to translate more clearly into performance, supporting improved operating efficiency, stronger margin delivery, and a more resilient earnings profile. They remain focused on long-term priorities and confident in their ability to continue strengthening Agthia's position as a leading food and beverage company.
Water and Food remained a growth driver during the quarter, supported by performance in UAE bottled water and Home and Office Services. Protein and Frozen also showed progress as transformation efforts continued, and the ramp-up of the Group's Saudi protein facility gathered pace, with Phase II now operational and adding capacity. Agri-Business further supported Group performance, delivering underlying results alongside its participation in UAE food security-related programs, while Snacking continued to move through a reset focused on strengthening future growth and margin potential.
In Q1 2026, the Group delivered a 22.5% increase in e-commerce revenue, which accounted for 7.2% of underlying revenue.