Latest news with #InvictusInvestment
Zawya
6 days ago
- Business
- Zawya
Invictus Investment posts strong H1 2025 results with EBITDA more than doubling to AED 189.7mln
Growth driven by strategic acquisitions and new market entries EBITDA up 164% year-on-year to AED 189.7 million in H1 2025, reflecting stronger operational performance and impact of consolidating strategic acquisitions since H1 2024 Revenue reaches AED 6.1 billion in H1 2025 – highest half-year performance since ADX listing in 2022 Total comprehensive income recorded as AED 105.3 million in H1 2025, compared to AED 84.2 million in H1 2024 Commodity transaction volumes double year-on-year, surging 104% to a record 6.9 million metric tonnes Total equity rises to AED 1.3 billion, up from AED 1.1 billion in the same period last year Geographic footprint expands to 65 countries with entry into 10 new markets Dubai, United Arab Emirates, 5 August 2025: Invictus Investment Company PLC (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, today announced its financial results for the six-month period ended 30 June 2025. The company recorded an impressive 164% increase in EBITDA to AED 189.7 million, up from AED 71.9 million in H1 2024 – reflecting the impact of additional EBITDA from acquisitions, stronger performance across key segments and enhanced supply chain capabilities. Robust topline results saw revenues rise 43% year-on-year to reach AED 6.1 billion – the company's highest half-year results to date – compared with AED 4.3 billion in the same period last year. Total comprehensive income reported as AED 105.3 million. In terms of operational performance, commodity transaction volumes reached record levels, soaring 104% to 6.9 million metric tonnes, from 3.4 million metric tonnes recorded in H1 2024. Results were driven by the integration of operations from recent acquisitions and continued growth in the company's core markets. Total equity meanwhile increased 18% year-on-year to AED 1.3 billion, further strengthening Invictus Investment's financial position as it continues to scale. The first half of 2025 saw significant strategic progress, including the integration of Merec Industries, Mozambique's largest flour milling company, following its acquisition on 31 January. In May, Invictus Investment also signed an agreement to acquire a 65.25% stake in Angata Limitada, a fertiliser blending company in Angola – marking Invictus Investment's entry into the agro-input segment and expanding its upstream capabilities in sourcing and production. These developments, along with the financial consolidation of Moroccan agro-trading leader Graderco, in which Invictus Investment acquired a 60% stake in 2024, have significantly enhanced the company's processing capabilities across Africa. Geographic expansion also continued at pace during H1 2025, with the company entering 10 new markets including Iraq, Lithuania, Cameroon, Ghana, Madagascar, Liberia, Mauritania, Nigeria, South Africa and Zimbabwe, bringing Invictus Investment's global presence to 65 countries. This expansion was complemented by strong organic growth across existing markets, particularly in the Middle East and Africa, where demand for staple agro-food commodities is strong and on the rise. Commenting on the company's performance, Amir Daoud Abdellatif, CEO of Invictus Investment, said: 'Our first-half results reflect the strength of our integrated strategy and the discipline with which we are executing it. We delivered strong growth during a period of active investment and integration, which speaks to the resilience of our operations and the way our teams continue to deliver. The significantly improved EBITDA margins alongside an increase in revenue shows that we are scaling efficiently, while the rise in commodity transaction volumes reflects the early impact of our recent acquisitions and the momentum we are building across key markets. The integration of Merec Industries has outperformed our initial expectations and the upcoming addition of Angata Limitada will bring added depth to our value chain. 'We're on track and confident in the targets we have set – both in becoming a fully integrated agro-food enterprise and reaching AED 25 billion in revenue by 2028. By investing further in midstream and downstream assets across key African markets, we're continuing to build momentum. Our focus is on acquiring majority stakes in businesses valued around AED 1.0 billion, and we are currently evaluating other strategic acquisitions in the basic foods segment this year.' Abdellatif concluded. Invictus Investment continues to build on its sustainability commitments as outlined in its 2024 Environmental, Social and Governance (ESG) report published in May. The report reflects the progress made across the company's three core pillars – Environmental Stewardship, Social Empowerment, and Ethical Governance and Partnerships – and builds on the materiality assessment first carried out in its inaugural report in 2024. These priorities are now being integrated more deeply across the business, including within newly acquired entities, as part of Invictus Investment's ongoing growth across the region. *Please refer to for more information. About Invictus Investment Invictus Investment Company PLC (ADX: INVICTUS), established in March 2022 and headquartered in Dubai, is a leading holding entity primarily focusing on agro-food commodities through its main subsidiary, Invictus Trading FZE, founded in February 2014. Initially offering procurement services that supplied raw materials and finished goods such as wheat in the MENA region, the company has since expanded its commodity portfolio to include a diverse range of products such as barley, corn, cotton, Distiller's Dried Grains with Solubles (DDGS), fertilisers, groundnuts, meat, sesame, soya bean, soya bean hulls, soya bean meal, sugar, vegetable oil and wheat flour. Today, Invictus Investment operates across 65 countries with a broad sourcing network and a focus on midstream and downstream acquisitions in the value chain, with the aim of becoming a fully integrated agro-food enterprise in the commodity trading sector across the Middle East and Africa. For media inquiries, please contact: Raneem Abudaqqa Senior Consultant | Tales & Heads E: M: +971 (50) 694 4650
Arabian Business
11-06-2025
- Business
- Arabian Business
Invictus Investment plans a third acquisition in Africa by the end of 2025
Dubai-headquartered Invictus Investment has revealed its plan to make a third acquisition this year in Africa, following its purchase of Merec Industries in Mozambique and the signing of an agreement to acquire 65 per cent of Angata in Angola. The company, which is present across a diversified commodity portfolio with activities along the entire value chain, including origination, processing and trading, said it is 'on a journey to expand our presence and capabilities across key African markets'. In a filing with the Abu Dhabi Securities Exchange (ADX), Invictus said it was pursuing an ambitious growth strategy – both organic and inorganic – to increase the company's revenue fivefold to AED 25 billion (US$6.8 billion) by 2028, using its 2023 performance as a baseline. The goal is to become a fully integrated agro-food enterprise in the Middle East and Africa. New markets and growth priorities 'We are constantly evaluating investment opportunities within the agro-food value chain with the aim of expanding our business both up and down the vertical to become a fully integrated business,' the company said in the statement. 'The Angata, Merec Industries and Graderco (60 per cent stake purchased last year) acquisitions are prime examples of this strategy in action as they strengthen our market position in the region and provide us with strong local warehousing and distribution capabilities. 'Building on this, we will continue to invest in midstream and downstream assets in the value chain in key African markets, targeting the acquisition of majority stakes in ventures valued between US$200-300 million to broaden our market presence and product portfolio – with plans for a third acquisition in the basic foods segment this year.' Over the past two years, Invictus expanded its trading operations into several new markets, including Burundi, Cameroon, Ethiopia, Iraq, Ivory Coast, Malawi, Morocco, Mozambique, Rwanda, Tanzania and Turkey. Most recently, it entered Angola, Burkina Faso, Ghana, Jordan, Madagascar, Mauritania, the Netherlands, Senegal, South Africa and Zimbabwe, bringing its global reach to 65 markets. North Africa and key coastal markets will be an area of focus for the company in the near term. 'North Africa's proximity to key grain origins combined with established port infrastructure and growing demand for wheat-based products, makes it a strategic priority for us,' the statement added. 'We also recognise the importance of having a strong presence in coastal markets, which offer advantages such as access to key trade routes, reduced logistics costs and regional distribution opportunities. Expanding in these areas will help us build a more resilient supply chain and support our long-term growth plans.' Invictus drives unprecedented growth For the full year 2024, Invictus reported AED 8.9 billion in revenue – its highest since listing and a jump of 10.1 per cent from FY2023. Commodity transaction volumes increased by 51.8 per cent to a record 8.2 million metric tonnes in 2024 (5.4 million metric tonnes in 2023). Citing unaudited results, Invictus said it has maintained the upward momentum in 2025. 'We delivered a strong start to the year building on the positive momentum from our robust 2024 financial and operational results. In the first quarter of 2025, our revenues increased by more than 35 per cent YoY – our highest to date as a listed company. Growth was driven by strong performance across our product segments and key markets,' the statement added. 'Commodity transaction volumes almost doubled compared to the same period last year – in a reflection of the successful execution of our diversification strategy and the increased output from our recent acquisitions. We also delivered healthy profitability in the quarter with our net profit growing by approximately 23 per cent YoY. 'Looking ahead, we are confident in sustaining this growth trajectory throughout the remainder of the year. Our broader geographic reach and continued focus on vertical integration position us well to capitalise on the strong fundamentals and rising food demand across our markets.'
Arabian Business
27-05-2025
- Business
- Arabian Business
Dubai's Invictus acquires majority stake in Angolan fertiliser company
Dubai-headquartered Invictus Investment Company is strengthening its position in Africa and making its third major acquisition in the continent when it signed an agreement to acquire a 65 per cent stake in Angata, a leading fertiliser blending company in Lobito, Angola. In the recent past, , and a 60 per cent stake in Graderco, a Moroccan agro-trading company. The acquisition, being made through Mauritius-based Dagro Chemical Limited, is subject to regulatory approvals and transaction closing mechanisms. The financial details of the deal were not disclosed. Angata specialises in customised fertiliser blending and tailors its products to the specific soil and crop requirements of farmers across different regions of the country. It has a production capacity of 100,000 metric tonnes per annum, with plans to increase capacity by the end of 2025. Its product range addresses critical crop nutrition needs, including urea, phosphates like diammonium phosphate (DAP), potassium, trace elements and boron. In addition to its core fertiliser business, Angata also imports and resells pesticides and other essential products for productive farming. Invictus strengthens African presence The acquisition opens a new area of business for Invictus Investment and marks a strategic entry point into the agricultural and agro-input industry in Angola, a key market in Africa with significant growth potential. Amir Daoud Abdellatif, CEO of Invictus Investment, commented: 'Our acquisition of Angata marks another major milestone in our continued expansion in Africa following our earlier transactions in Mozambique and Morocco. 'It also signals a strategic shift. It broadens our capabilities beyond trading into the agro-input segment where we can directly support farmers and strengthen the ecosystems that feed regional and global supply chains. Angata's fertiliser blending expertise addresses a critical gap in farm productivity and gives us a direct connection to farmers. We see it as a strategic base for us to source and process more commodities in Angola and cater to both local consumption and export markets.' Angata's strategic location also provides an attractive opportunity. The Lobito corridor links Angola to the Atlantic coast, and the city has rail connections extending into the mineral-rich regions of the Democratic Republic of Congo. The company can become a strategic hub to serve farmers in surrounding markets. Christian Louvet, Director General, Angata, added: 'We are pleased to be working with Invictus Investment and view this partnership as a catalyst for long-term growth. Invictus Investment brings the reach and operational capabilities needed to scale the business and broaden our impact in the region. 'The focus now is on expanding what we do well, helping farmers grow their productivity and playing a stronger role in Angola's agricultural economy.'
Zawya
26-05-2025
- Business
- Zawya
Invictus Investment acquires majority stake in Angolan fertiliser blender Angata
Acquisition represents strategic entry into the agricultural and agro-input business in key African market of Angola Angata specialises in tailored fertiliser blending and customises products based on local soil requirements Transaction marks Invictus Investment's third major acquisition in Africa, following the purchase of Mozambique's largest flour miller Merec Industries and a 60% stake in Moroccan agro-trading leader Graderco Dubai, United Arab Emirates: Invictus Investment Company Plc (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, today announced it has signed an agreement to acquire a 65% stake in Angata, a leading fertiliser blending company based in Lobito, Angola. The acquisition, being made through Mauritius-based Dagro Chemical Limited, is subject to regulatory approvals and transaction closing mechanisms. The deal marks Invictus Investment's third major acquisition in Africa, following the purchase of Merec Industries – Mozambique's largest flour milling company – and a 60% stake in Moroccan agro-trading leader Graderco. While representing a new business area for Invictus Investment, this transaction marks a strategic entry point into the agricultural and agro-input industry in Angola – a key market in Africa with significant growth potential. Angata specialises in customised fertiliser blending and tailors its products to the specific soil and crop requirements of farmers across different regions of the country. The company has a production capacity of 100,000 MT per annum with plans to increase capacity by the end of 2025. Its product range addresses critical crop nutrition needs, including urea, phosphates like di-ammonium phosphate (DAP), potassium, trace elements and boron. In addition to its core fertiliser business, Angata also imports and resells pesticides and other essential products for productive farming operations. From a location perspective, the company presents an attractive opportunity with its base in the strategic Lobito corridor that links Angola to the Atlantic coast. Lobito also has rail connections extending into the mineral rich regions of the Democratic Republic of Congo. This positions Angata as a strategic hub to serve farmers in surrounding markets. Commenting on the announcement, Amir Daoud Abdellatif, CEO of Invictus Investment, said: 'Our acquisition of Angata marks another major milestone in our continued expansion in Africa following our earlier transactions in Mozambique and Morocco. It also signals a strategic shift – broadening our capabilities beyond trading into the agro-input segment where we can directly support farmers and strengthen the ecosystems that feed regional and global supply chains. Angata's fertiliser blending expertise addresses a critical gap in farm productivity and gives us a direct connection to farmers. We see it as a strategic base for us to source and process more commodities in Angola and cater to both local consumption and export markets.' Christian Louvet, Director General, Angata, said: 'We are pleased to be working with Invictus Investment and view this partnership as a catalyst for long term growth. Invictus Investment brings the reach and operational capabilities needed to scale the business and broaden our impact in the region. The focus now is on expanding what we do well, helping farmers grow their productivity and playing a stronger role in Angola's agricultural economy.' Looking ahead, Invictus Investment remains focused on furthering its long-term growth strategy through strategic investments in key African markets, targeting the acquisition of majority stakes in leading ventures as it works towards its goal of becoming a fully integrated agro-food enterprise. *Please refer to for more information. About Invictus Investment Invictus Investment Company PLC, established in March 2022 and headquartered in Dubai, is a leading holding entity primarily focusing on agro-food commodities through its main subsidiary, Invictus Trading FZE, founded in February 2014. Initially offering procurement services that supplied raw materials and finished goods such as wheat in the MENA region, the company has since expanded its commodity portfolio to include a diverse range of products such as barley, corn, cotton, Distiller's Dried Grains with Solubles (DDGS), fertilisers, groundnuts, meat, sesame, soya bean, soya bean hulls, soya bean meal, sugar, vegetable oil and wheat flour. Today, Invictus Investment operates across 54 countries with a broad sourcing network and a focus on midstream and downstream acquisitions in the value chain, with the aim of becoming a fully integrated agro-food enterprise in the commodity trading sector across the Middle East and Africa. For media inquiries, please contact: Raneem Abudaqqa Senior Consultant | Tales & Heads E:
Zawya
26-03-2025
- Business
- Zawya
Invictus Investment reports solid 2024 performance with 10.1% revenue growth and 51.8% increase in commodity volumes traded
Revenue increases to AED 8.9 billion in 2024 – the highest since listing – compared to AED 8.1 billion in 2023 Commodity transaction volumes surge to a record 8.2 million metric tonnes in 2024, up from 5.4 million metric tonnes in 2023 Net profit reported at AED 166.3 million in 2024, compared to AED 213.6 million in 2023 Total equity rises to AED 1.23 billion in 2024 from AED 1.06 billion the previous year Board recommends cash dividend of AED 33 million for the year Dubai, United Arab Emirates: Invictus Investment Company Plc (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, today announced its financial results for the year ended December 31, 2024. The company delivered strong financial and operational performance, with revenue increasing by 10.1% year-on-year to AED 8.9 billion, compared to AED 8.1 billion in 2023 – marking its highest annual revenue since listing. Commodity transaction volumes meanwhile surged by 51.8% to reach a record 8.2 million metric tonnes – up from 5.4 million metric tonnes the previous year. The Board of Directors has recommended a dividend of AED 33 million, equivalent to AED 0.03 per share, set for distribution in the second quarter of 2025 following AGM approvals. Net profit stood at AED 166.3 million in 2024, compared to AED 213.6 million in 2023, as a result of the company's adoption of prudent trading strategies during periods of low prices and its approach to entering new markets, which involved accepting lower margins to establish a competitive foothold while building long-term relationships with partners and suppliers. Despite this, Invictus Investment maintained healthy profit margins and continued to make strategic investments to expand its operational capacity through acquisitions in key African markets. Total equity grew by 15.3% to AED 1.23 billion in 2024, reflecting the company's solid financial position and its ability to sustain growth. A significant milestone for Invictus Investment in 2024 was the acquisition of a 60% stake in Graderco, one of Morocco's leading grain and cereal trading firms, and its subsidiaries from Zalar Holding. Graderco imports, stores and trades between 2.5 and 3.0 million metric tonnes of grain and grain derivatives annually, representing over 25% of the country's imports. The acquisition has significantly scaled Invictus Investment's local presence in Morocco and facilitated new operational synergies. The company also expanded its geographic reach to four new markets during 2024 – Burkina Faso, Jordan, the Netherlands and Senegal – taking its presence to 54 countries worldwide. This growth was accompanied by the introduction of sunflower and rapeseed meal, broadening the company's portfolio to more than 30 product categories. Invictus Investment also recorded its first sale in Brazil, a key sourcing region for its exports, and expanded freight services in Spain and Tunisia – both significant steps forward in the company's strategy to scale the business and enhance its ability to serve customers globally. Invictus Investment has also made significant progress on its sustainability journey in 2024 with the publication of its inaugural Environmental, Social and Governance (ESG) report for 2023. The report serves as a foundation for Invictus Investment's future sustainability efforts, and outlines the company's ESG framework, performance and initiatives across three core pillars: Environmental Stewardship, Social Empowerment, and Ethical Governance and Partnerships. A comprehensive update on progress in these areas will be shared in the 2024 ESG report, set for release by the end of March 2025. Commenting on the results, Amir Daoud Abdellatif, CEO of Invictus Investment, said: '2024 was a year of significant progress for Invictus Investment, as we advanced our growth strategy and delivered strong financial results in spite of macroeconomic uncertainties. We expanded our presence to 54 countries, grew our portfolio to more than 30 product categories and completed the acquisition of a majority stake in Graderco. We also marked a key milestone in our sustainability journey with the publication of our inaugural ESG report. These achievements are a reflection of our commitment to operational excellence, strategic agility and long-term value creation.' 'As we look ahead, we will continue to pursue acquisition opportunities and build on our supply chain capabilities to deliver sustainable returns to our stakeholders. 2025 is already shaping up to be another significant year. Just three months in, we have reached a major milestone – surpassing 3 million metric tonnes in commodity transaction volumes. That's up from the 2 million metric tonnes we announced just last month, which itself marked a record breaking 45% year-on-year increase. Adding to this progress is our recent acquisition of Merec Industries, Mozambique's largest flour milling company, in another key expansion of our footprint and product offering,' Abdellatif added. Invictus Investment remains focused on furthering its long-term growth strategy through strategic investments in key African markets, targeting the acquisition of majority stakes in ventures valued between AED 730 million and AED 1.1 billion (USD 200-300 million), as it works towards its goal of becoming a fully integrated agro-food leader in the Middle East and Africa. *Please refer to for more information. Notes: Invictus Investment completed the acquisition of Merec Industries, Mozambique's largest flour milling company, earlier in February 2025. For more information, please visit: About Invictus Investment Invictus Investment Company PLC, established in March 2022 and headquartered in Dubai, is a leading holding entity primarily focusing on agro-food commodities through its main subsidiary, Invictus Trading FZE, founded in February 2014. Initially offering procurement services that supplied raw materials and finished goods such as wheat in the MENA region, the company has since expanded its commodity portfolio to include a diverse range of products such as barley, corn, cotton, Distiller's Dried Grains with Solubles (DDGS), fertilisers, groundnuts, meat, sesame, soya bean, soya bean hulls, soya bean meal, sugar, vegetable oil and wheat flour. Today, Invictus Investment operates across 54 countries with a broad sourcing network and a focus on midstream and downstream acquisitions in the value chain, with the aim of becoming a fully integrated agro-food enterprise in the commodity trading sector across the Middle East and Africa. For media inquiries, please contact: Raneem Abudaqqa Senior Consultant | Tales & Heads E:
