Press releases, Reports & Disclosures for AGTHIA Group

Agthia Group PJSC held a virtual Board of Directors meeting on November 6, 2024. During the meeting, the Board approved the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report. Additionally, the Board discussed other routine business matters. The meeting details were communicated to the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.

Agthia Group PJSC reported solid financial results for the first nine months of 2024, with a 10.3% year-on-year increase in net revenue to AED 3.6 billion, driven by growth across all business segments. The Group's EBITDA rose by 15.5% and net profit by 24.0%, with improvements in margins due to operational efficiencies and disciplined cost management. Despite currency devaluation in Egypt, adjusted revenue growth was 18.4%. The Snacking segment saw a 14.2% revenue increase, led by coffee sales, while Protein & Frozen recorded a modest 1.1% growth, significantly impacted by currency devaluation but showing strong growth when adjusted for this factor. The Water & Food segment grew by 5.8%, bolstered by premiumization and innovation in the water category, and the closure of the loss-making Yoplait Dairy Business. Agri-Business achieved an 18.3% revenue increase, driven by volume growth in Animal Feed. Agthia maintains its full-year guidance of 10%-12% revenue growth, with expectations of further margin improvements.

Agthia Group PJSC held a Board of Directors meeting on November 6, 2024, via virtual conference. During the meeting, the Board approved the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report. Additionally, other routine business matters were discussed. The meeting details were communicated to the Abu Dhabi Securities Exchange and a copy was sent to the Securities and Commodities Authority in Abu Dhabi.

Agthia Group PJSC announced that its Board of Directors will hold a virtual meeting on November 6, 2024, at 4:00 PM. The agenda includes approving the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report, and discussing other routine business matters. The outcomes of the meeting will be disclosed afterward. The notification is also copied to the Securities and Commodities Authority in Abu Dhabi.

Agthia Group PJSC has announced that its General Assembly Meeting will take place on Thursday, 12 September 2024, at 11:00 AM. Shareholders can attend the meeting either physically or virtually. To participate, shareholders need to complete registration via the provided link: www.smartagm.ae. The announcement was made by Mehreen Mahmood Awan, the Company Secretary. A copy of this notice has been sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

Resolution No. 477 of 2024 temporarily suspends the trading of AGTHIA Group shares on the Abu Dhabi Securities Exchange (ADX) from 11:00 on September 12, 2024, until the results of the AGTHIA Group Annual General Meeting (AGM) are received by ADX. This decision is in accordance with Article 16 of the regulations concerning the listing of securities on ADX. All relevant departments within ADX are instructed to implement this resolution, and it will be communicated to the Securities and Commodities Authority (SCA), AGTHIA Group, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 20, 2024.