Latest news with #AgthiaGroupPJSC
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.
Zawya
23-04-2025
- Business
- Zawya
Agthia Group shareholders approve 19.0% increase in full-year dividends at Annual General Meeting
Cairo: Agthia Group PJSC ('Agthia' or 'the Group'), one of the region's leading food and beverage companies, held its Annual General Meeting today. During the meeting, shareholders approved the Group's financial results for the year ending 31 December 2024, as well as all other recommendations by the Board of Directors, including the recommendation to distribute a cash dividend of 21.03 fils per share for the full year 2024, totaling AED 175 million a 19.0% increase compared to 2023. This includes a second-half dividend of 10.72 fils per share, in line with the Group's semi-annual dividend policy. An interim dividend of 10.31 fils per share (AED 85.7 million) was already paid for the first half of the year, underlining Agthia's commitment to delivering sustained shareholder value. Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said: 'The Board's recommendation and subsequent approval of a 19% year-on-year increase in full-year dividends reflects our ongoing commitment to creating sustainable, long-term value to our shareholders. Our progressive dividend policy remains a key pillar of shareholder engagement, underscoring our confidence in the Group's strategic direction and operational strength. As we continue to pursue growth across regional and international markets, we remain firmly focused on unlocking further value in the years to come to all our stakeholders.' Agthia Group recently reported a solid fiscal performance in the financial year 2024, with Group net revenue growing over 7.7% year-on-year to reach AED 4.9 billion. While Group EBITDA declined 1.5% year-on-year to AED 679 million, reflecting pressures in parts of the business, strong performances from Abu Auf and core UAE businesses helped partially offset the impact. Group's Reported Net Profit climbed 7.4% to AED 321.8 million, with earnings per share up 7.9%, reinforcing Agthia's resilience in navigating complex operating environment while delivering shareholder value and remaining well-positioned for sustainable growth and strategic expansion. About Agthia Agthia Group PJSC is a leading Abu Dhabi-based food and beverage company. Established in 2004, the Company is listed on the Abu Dhabi Securities Exchange (ADX) and has the symbol 'AGTHIA'. Agthia Group PJSC is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. The Group's assets are located in the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey, and Jordan. Agthia offers a world-class portfolio of integrated businesses providing high-quality and trusted food and beverage products for consumers across the UAE, GCC, Turkey, the wider Middle East, South America and Asia. More than 12,000 employees are engaged in the manufacturing, distribution, and marketing of various products in categories such as Water & Food (Al Ain Water, Al Bayan, Alpin Natural Spring Water, VOSS, Al Ain Food & Trading Items); Snacking (Al Foah, Al Faysal Bakery & Sweets, BMB, Abu Auf); Protein and Frozen (Nabil Foods, Atyab, Al Ain Frozen Vegetables); and Agri-Business (Grand Mills, Agrivita).
Yahoo
18-04-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks Featuring Agthia Group PJSC And 2 More
As Middle Eastern markets navigate mixed outcomes amid ongoing tariff concerns and economic uncertainties, investors are closely watching regional indices for signs of stability. In such a fluctuating environment, dividend stocks can offer a measure of reliability and income potential, making them an attractive option for those seeking steady returns amidst market volatility. Name Dividend Yield Dividend Rating Emaar Properties PJSC (DFM:EMAAR) 8.23% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.85% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.80% ★★★★★☆ Saudi National Bank (SASE:1180) 5.87% ★★★★★☆ Arab National Bank (SASE:1080) 5.80% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.86% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 5.18% ★★★★★☆ Saudi Telecom (SASE:7010) 8.99% ★★★★★☆ Nuh Çimento Sanayi (IBSE:NUHCM) 3.43% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 6.59% ★★★★★☆ Click here to see the full list of 64 stocks from our Top Middle Eastern Dividend Stocks screener. We'll examine a selection from our screener results. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Agthia Group PJSC operates in the food and beverage industry, producing and selling its products both in the United Arab Emirates and internationally, with a market cap of AED3.49 billion. Operations: Agthia Group PJSC's revenue segments include AED1.52 billion from the Consumer Business Division - Snacks, AED1.02 billion from Consumer Business Division - Protein and FV, AED1.17 billion from Consumer Business Division - Water and Food, and AED1.37 billion from the Agri Business Division - Flour and Animal Feed. Dividend Yield: 4.5% Agthia Group PJSC's dividend payments are well-supported by earnings and cash flows, with payout ratios of 52.7% and 33.7%, respectively, indicating sustainability despite a volatile dividend history over the past decade. Recent developments include a proposed 19% increase in dividends for 2024, highlighting commitment to shareholder returns. The company is trading at a discount to its estimated fair value, though its yield of 4.46% is below top-tier market peers in the AE region (6.84%). Unlock comprehensive insights into our analysis of Agthia Group PJSC stock in this dividend report. The analysis detailed in our Agthia Group PJSC valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Menora Mivtachim Holdings Ltd, with a market cap of ₪11.95 billion, operates in the insurance and finance sectors in Israel through its subsidiaries. Operations: Menora Mivtachim Holdings Ltd generates revenue from various segments including Life Insurance and Long Term Savings - Life Insurance (₪6.67 billion), Health Insurance (₪2.29 billion), General Insurance - Automobile Property Insurance (₪1.91 billion), General Insurance - Compulsory Vehicle Insurance (₪1.04 billion), Life Insurance and Long Term Savings - Pension (₪779.05 million), Life Insurance and Long Term Savings - Provident (₪618.68 million), General Insurance - Property Divisions and Others (₪442.18 million), and General Insurance - Other Liabilities Divisions (₪357.03 million). Dividend Yield: 3.7% Menora Mivtachim Holdings' dividends are well-covered by earnings and cash flows, with payout ratios of 40.2% and 32%, respectively, suggesting sustainability despite a history of volatility. The company reported significant earnings growth for 2024, enhancing its financial position. Recently added to the FTSE All-World Index, Menora's dividend yield of 3.65% is modest compared to top-tier Israeli payers (6.34%). Its price-to-earnings ratio (11.1x) suggests relative undervaluation in the market. Dive into the specifics of Menora Mivtachim Holdings here with our thorough dividend report. Upon reviewing our latest valuation report, Menora Mivtachim Holdings' share price might be too optimistic. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Rimoni Industries Ltd. specializes in the design, engineering, and manufacture of molds and precise injection molding for various sectors including medical, automotive, agricultural, high-tech, and consumer industries in Israel with a market cap of ₪373.97 million. Operations: Rimoni Industries Ltd. generates revenue through its operations in designing and manufacturing molds, as well as precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel. Dividend Yield: 6.6% Rimoni Industries' dividend yield of 6.63% ranks in the top 25% of Israeli payers, yet its dividends have been volatile and are not well-covered by earnings, with a payout ratio at 99.1%. Despite trading at a discount to fair value, recent earnings show a decline in sales to ILS 182.97 million from ILS 213.11 million, impacting dividend sustainability. The cash payout ratio is reasonable at 53.3%, indicating coverage by cash flows but not overall financial stability for dividends. Take a closer look at Rimoni Industries' potential here in our dividend report. Our comprehensive valuation report raises the possibility that Rimoni Industries is priced lower than what may be justified by its financials. Click this link to deep-dive into the 64 companies within our Top Middle Eastern Dividend Stocks screener. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:AGTHIA TASE:MMHD and TASE:RIMO. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Zawya
10-04-2025
- Business
- Zawya
Regional F&B growth, portfolio diversification boost Agthia's prospects
Agthia Group PJSC, headquartered in Abu Dhabi, is a prominent food and beverage company operating across the Middle East, North Africa and beyond. The company's diverse portfolio includes products such as water, flour, animal feed, dairy and processed foods, catering to both regional and international markets. Launched in 2004, the company was listed on the Abu Dhabi Securities Exchange (ADX) in 2005. It is majority owned by General Holding Corporation, or Senaat, which is part of the Abu Dhabi Development Holding Company (ADQ). The company's operations are divided into two main divisions. The Agri Business Division focuses on the production and distribution of essential staples like flour and animal feed, supporting both local and regional agricultural sectors. The Consumer Business Division spans multiple industries, including the manufacture and distribution of bottled drinking water, water-based drinks and juices. In the food segment, the company produces a diverse range of products, from tomato and chili paste to fruit concentrates, frozen vegetables, fresh dairy products and frozen baked goods. Click here to download infographic With assets spread across the UAE, Oman, Egypt and Turkey, Agthia's reach extends far beyond its home market, supplying products to customers throughout the GCC, Turkey, the wider Middle East and international markets. Its international portfolio of integrated businesses provides high-quality and trusted food and beverage products, including water (Al Ain, Al Bayan, Alpin Natural Spring Water, Bambini); flour (Grand Mills); animal feed (Agrivita); juices (Al Ain Fresh, Capri Sun); dairy (Yoplait); processed food (Al Ain Tomato Paste, Al Ain Frozen Vegetables) and fresh and frozen baked goods (Grand Mills). Strategic growth drivers Investment analysis Agthia reported revenues of AED4.91 billion in its fiscal year 2024, marking a 7.75% increase from the previous year's AED4.56 billion. Net profit for the same period rose to AED322 million, compared to AED300 million. The consistent growth underscores Agthia's robust market position and effective operational strategies. Growth prospects The UAE and the wider region's rising population growth, consumer preference for high-quality and healthy foods, and a strong government focus on food security are fuelling Agthia's growth. The company benefits from strong government support and is looking to expand its business in the key markets of Saudi Arabia and Egypt, among others. In addition, it enjoys strong growth potential in its home market of the UAE. In 2024, it expanded its regional footprint with the launch of a state-of-the-art protein manufacturing facility built at an investment of AED90 million in Jeddah Industrial City 1. It also raised its stake in Abu Auf Group, an Egyptian healthy snacks and coffee brand, to 80% to take advantage of the country's strong economic and population growth. This forms part of a strategy to diversify its revenue portfolio, extend its footprint in the MENA region and beyond, and develop value-added food and beverage brands. The company has set external guidance to raise revenues to AED 6 billion by the end of 2025, compared to AED 4.9 billion in 2024, and improve its net profit margin to between 8.5% and 10% in 2025. The company aims to accomplish this by bolstering its core base, including strengthening the water business, building up flour and feed, expanding geographical reach, and shifting the portfolio mix towards higher-margin categories. Relative valuation Agthia Group currently has a Relative Valuation Rating of 9, significantly above the FTSE ADX General index average rating of 5.9. The company's current price-to-sales ratio, trailing price-to-earning (P/E) ratio and forward PE multiples are all currently at or near their five-year lows. Based on price-to-sales, Agthia currently trades at a 6% discount to its Food & Tobacco industry group peers. On average, the company has traded at a 42% discount over the past five years. Based on trailing P/E, Agthia currently trades at a 0.6% premium to its Food & Tobacco industry group peers. On average, the company has traded at a 0.3% premium over the past five years. Based on forward P/E, Agthia currently trades at a 9% discount to its Food & Tobacco industry group peers. On average, the company has traded at a 38% discount over the past five years. Fiscal position Agthia maintains a solid fiscal position, with total assets amounting to AED6.6 billion as of December 31, 2024. The company's equity attributable to shareholders stands at AED2.9 billion, indicating a strong equity base. This financial stability positions Agthia well for future investments and expansion initiatives. Return on equity For the year ending December 31, 2024, Agthia's return on equity was approximately 10.2%, reflecting the company's efficient utilisation of shareholder funds to generate profits. According to analysts, Agthia demonstrates strong financial performance, promising share growth potential, a solid fiscal foundation and a respectable return on equity.
Yahoo
19-03-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks To Consider In March 2025
As regional tensions weigh on most Gulf markets, with indices like Saudi Arabia's benchmark and Dubai's main share index experiencing declines, investors are keenly observing the impact of geopolitical developments on market stability. In this environment, selecting dividend stocks that offer a stable income stream can be an attractive strategy for those looking to navigate uncertain times while benefiting from potential long-term value. Name Dividend Yield Dividend Rating Commercial Bank of Dubai PSC (DFM:CBD) 6.81% ★★★★★★ Emaar Properties PJSC (DFM:EMAAR) 7.49% ★★★★★☆ Arab National Bank (SASE:1080) 5.86% ★★★★★☆ Delek Group (TASE:DLEKG) 8.78% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.35% ★★★★★☆ Saudi National Bank (SASE:1180) 5.68% ★★★★★☆ Riyad Bank (SASE:1010) 5.88% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.57% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.95% ★★★★★☆ Saudi Telecom (SASE:7010) 9.55% ★★★★★☆ Click here to see the full list of 62 stocks from our Top Middle Eastern Dividend Stocks screener. We'll examine a selection from our screener results. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Agthia Group PJSC operates in the food and beverage industry, producing and selling products both in the United Arab Emirates and internationally, with a market cap of AED3.69 billion. Operations: Agthia Group PJSC's revenue is derived from its Consumer Business Division, which includes Snacks (AED1.31 billion), Protein and FV (AED1.04 billion), and Water and Food (AED1.05 billion), as well as its Agri Business Division focused on Flour and Animal Feed (AED1.27 billion). Dividend Yield: 4.2% Agthia Group PJSC offers a mixed dividend profile with recent growth in payouts, proposing a 19% increase to AED 175 million for 2024. However, dividends have been volatile over the past decade. The company's payout ratios are sustainable at 52.7% of earnings and 33.7% of cash flows, indicating strong coverage. Despite trading below fair value estimates and analysts predicting price increases, its dividend yield remains lower than top-tier payers in the AE market at 4.22%. Click here and access our complete dividend analysis report to understand the dynamics of Agthia Group PJSC. Our valuation report unveils the possibility Agthia Group PJSC's shares may be trading at a discount. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Saudia Dairy & Foodstuff Company, along with its subsidiaries, is involved in the production and distribution of dairy products, beverages, and various foodstuffs across Saudi Arabia, Poland, and other Gulf and Arab countries, with a market cap of SAR10 billion. Operations: Saudia Dairy & Foodstuff Company generates revenue through its core segments of dairy products, beverages, and various foodstuffs across multiple regions. Dividend Yield: 3.8% Saudia Dairy & Foodstuff's dividend yield of 3.83% is below the top quartile in Saudi Arabia, and while dividends have been stable and growing over the past decade, they are not well covered by earnings due to a high payout ratio of 136.7%. The company's cash payout ratio stands at 81.6%, suggesting coverage by cash flows but raising sustainability concerns. Despite trading below fair value, analysts expect a price increase of 22.8%. Get an in-depth perspective on Saudia Dairy & Foodstuff's performance by reading our dividend report here. Insights from our recent valuation report point to the potential undervaluation of Saudia Dairy & Foodstuff shares in the market. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Ayalon Insurance Company Ltd, with a market cap of ₪1.21 billion, operates in Israel through its subsidiaries to offer a range of insurance products. Operations: Ayalon Insurance Company Ltd's revenue primarily comes from its General Insurance segments, including Automobile Property Insurance at ₪679.72 million, Other Liabilities Divisions at ₪895.78 million, Compulsory Vehicle Insurance at ₪295.79 million, and Property Branches and Others at ₪273.40 million, along with Health insurance contributing ₪597.48 million. Dividend Yield: 9.9% Ayalon Insurance's dividend yield of 9.93% ranks in the top 25% of Israeli market payers, supported by a low payout ratio of 28.2%, indicating strong coverage by earnings and cash flows (36.2%). However, dividends are new and lack a track record for stability or growth. Recent events include Wesure Global Tech selling a minority stake for ILS 55 million, reducing its holding to around 70.17%. Ayalon trades at a discount to estimated fair value. Take a closer look at Ayalon Insurance's potential here in our dividend report. In light of our recent valuation report, it seems possible that Ayalon Insurance is trading behind its estimated value. Unlock more gems! Our Top Middle Eastern Dividend Stocks screener has unearthed 59 more companies for you to here to unveil our expertly curated list of 62 Top Middle Eastern Dividend Stocks. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:AGTHIA SASE:2270 and TASE:AYAL. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
