Agthia Group grew its third-quarter revenue 14.4% to AED 1.3 billion, the Abu Dhabi food and beverage company said on 4 November. Net profit for the quarter rose to AED 33.2 million from AED 4.1 million a year earlier, when it booked impairment charges in its snacking business. EBITDA climbed 39% to AED 123.1 million.

From January to September, revenue rose 9.6% to AED 3.9 billion and EBITDA rose 36.7% to AED 433.6 million. Net profit almost tripled to AED 154.6 million from AED 53.2 million. Free cash flow came to AED 212.1 million, against an outflow of AED 17.9 million in the same period last year. Net debt fell to 2.4 times EBITDA from 2.9 times at the end of 2025, and the group held AED 536.2 million in cash.

E-commerce sales grew 18.1% in the quarter and made up 7.6% of underlying revenue. New products added AED 165.8 million to revenue growth over the nine months.

The Snacking segment includes Egypt's Abu Auf, plus Al Foah, Al Faysal and BMB. Snacking revenue fell 14.7% to AED 246.9 million in the quarter, but profitability improved sharply. Gross margin rose by 6.1 percentage points, and the segment's EBITDA reached AED 23.8 million, compared with a loss of AED 30.2 million a year earlier.

Abu Auf was the standout. Its revenue grew 21.7% in the quarter, it added a net 69 stores this year to reach 468, and its value share in ground coffee rose 1 point to 12.5%. Agthia said the Al Foah reset is on track, and BMB, still under pressure, is moving ahead with its transformation. Regional logistics disruptions cut export sales at both during the quarter.

Protein & Frozen revenue rose 25.1% to AED 315 million, with growth across every business. Nabil led with 25.3% growth, and Atyab grew 13.8%. In Saudi Arabia, protein sales rose 282.7%, almost four times last year's level, after the second phase of Agthia's Saudi plant came online in the first quarter. Higher beef costs pushed the segment's gross margin down 2.5 points to 21.1%.

Water & Food was the biggest grower, with revenue up 36.7% to AED 418.8 million, helped by the one-off food security sales. Excluding those, UAE water revenue grew 8%, led by its Home and Office Services business, which includes Riviere and grew 12.9%. Internationally, water sales rose 57.1% in Turkey and 19.4% in Kuwait, and were softer in Saudi Arabia and Oman. Reported quarterly EBITDA was almost flat at AED 51.1 million, but excluding the food security sales it fell 28.4%, as higher PET costs and selling and distribution expenses weighed on margins. The segment also includes FUELL, Agthia's date-sweetened energy drink.

Agri-Business, which sells feed and flour, grew revenue 10.5% to AED 318.9 million on an 18.3% rise in feed sales. Input costs hit this segment hardest: its EBITDA fell 39.3% to AED 31.4 million, and its margin dropped by about 8 points.

Khalifa Sultan Al Suwaidi, Chairman of Agthia's Board, said the past months had put regional supply chains under strain and "underlined the value of resilient food companies."

Salmeen Alameri, Managing Director and CEO, said the group was "taking decisive action to protect the business as input and logistics pressures intensify," and was building innovation, data and digital capabilities that "will define how we compete."

Jeroen Nijs, Chief Financial Officer, pointed to stronger operating cash flow, a shorter cash conversion cycle and lower leverage than in December 2025.

Get weekly intel on what's launching, moving and next on MENA's shelves. Subscribe to Arabian Aisles.