For the January-to-September period, earnings before interest, taxes, depreciation and amortisation rose 36.7% to Dh433.6 million. The company said improved operating performance and progress in its business transformation supported the result, although cost pressures continued to affect underlying profitability.

Third-quarter revenue increased 14.4% from a year earlier to Dh1.3 billion. This included Dh104.7 million in one-off sales; excluding those transactions, underlying revenue growth was 5.2%.

Quarterly EBITDA climbed 39% to Dh123.1 million. Net profit for the quarter was Dh33.2 million, compared with Dh4.1 million in the same quarter last year, when impairment charges in the snacking business affected earnings.

Agthia also recorded stronger cash generation during the nine-month period. Free cash flow reached Dh212.1 million, reversing the outflow reported in the corresponding period of 2025. Cash and bank balances totalled Dh536.2 million as of September 30.

The group’s net debt-to-EBITDA ratio fell to 2.4 times, from 2.9 times at the end of December 2025, indicating an improvement in leverage over the period.

Segment performance

The Water & Food segment posted third-quarter revenue growth of 36.7%, partly supported by one-off food security sales. Excluding those transactions, Agthia said its UAE water business grew 8%, with Home and Office Services revenue rising 12.9%.

Its international operations in Turkey and Kuwait also contributed to growth. However, the segment faced margin pressure from higher costs for polyethylene terephthalate, freight and distribution.

Revenue at the Agri-Business division rose 10.5%, helped by an 18.3% increase in feed sales. Segment EBITDA nevertheless declined 39.3% to Dh31.4 million as input and distribution costs increased.

Khalifa Sultan Al Suwaidi, chairman of Agthia’s board, said recent disruptions had put considerable strain on regional supply chains and underscored the need for resilient food companies.

Salmeen Alameri, Agthia Group’s managing director and chief executive, said the company’s transformation was starting to show in its financial performance. He said Agthia was acting to safeguard operations amid intensifying input and logistics pressures while continuing to invest in innovation, data and digital capabilities.

Chief Financial Officer Jeroen Nijs said advances in cash flow, working capital and leverage had improved the group’s financial flexibility. He added, however, that elevated input, freight and distribution expenses were expected to continue affecting the business in the near term.

Agthia’s e-commerce sales rose 18.1% year on year in the third quarter. Online channels accounted for 7.6% of underlying revenue during the quarter.