Ghitha Holding’s revenue rose 27% to AED5.1 billion in the first nine months of 2026, the Abu Dhabi-listed food and agriculture group said on Thursday.
Third-quarter revenue grew 23% from a year earlier to AED1.7 billion, the company said in a results statement.
Profit attributable to owners rose 140% to AED116.3 million in the nine months, from AED48.5 million a year earlier, CNBC Arabia reported, citing the company’s financial statements.
Third-quarter profit attributable to owners rose to AED35.2 million from AED7.6 million, according to the same report.
Margins
Gross profit for the nine months rose 9% to AED962.2 million from AED880.1 million.
Third-quarter gross profit was AED296.0 million, compared with AED280.7 million a year earlier.
“Our performance during the first nine months of 2026 reflects the continued expansion of Ghitha’s diversified food and agriculture platform, with revenue exceeding AED 5 billion and sustained double-digit growth in the third quarter,” said Falal Ameen, chief executive officer of Ghitha Holding.
Amazon agreement
During the third quarter, Ghitha signed a memorandum of understanding with Amazon to explore a seasonal fresh produce initiative linking UAE farms with consumers through Amazon Now.
The agreement includes plans to explore a packhouse and distribution center at Food Tech Valley in Dubai.
Ghitha is a subsidiary of 2PointZero. Its portfolio includes Al Ain Farms, Marmum Dairy Farm, Arabian Farms, Al Jazira Poultry Farm and NRTC.
The group said it would focus on the performance of its existing businesses for the rest of the year while evaluating opportunities that complement its portfolio.
