AGTHIA Group

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.

Agthia Group PJSC, located in Abu Dhabi, UAE, has issued an invitation for its General Assembly Meeting. The invitation includes the meeting's agenda and clarifying disclosures. The communication is addressed to the Disclosure and Compliance Section and the Market Operations Department of the Abu Dhabi Securities Exchange. The document is signed by Mehreen Mahmood Awan, the Company Secretary, and a copy has been sent to the Securities and Commodities Authority (SCA) in Abu Dhabi.

Agthia Group PJSC reported a 14.7% year-on-year (YoY) increase in net revenue, reaching AED 2.5 billion, and a 31.8% YoY rise in group net profit for the first half of 2024. The company achieved strong revenue growth across all segments and significant profitability expansion, maintaining its full-year guidance. Key financial highlights include a 19.9% YoY increase in Group EBITDA and a 25% increase in interim cash dividends to 10.31 fils per share, pending AGM approval. Segment-specific performance included notable growth in snacking, protein and frozen foods, water and food, and agri-business, with significant contributions from innovation and market expansion despite the impact of currency devaluation in Egypt.

Agthia Group PJSC reported a 14.7% year-on-year increase in net revenue to AED 2.5 billion and a 31.8% year-on-year growth in net profit for the first half of 2024. The group saw significant growth across all four business segments, leading to an increase in both EBITDA and net profit margins. Agthia maintained its full-year guidance and announced a 25% increase in interim cash dividends. Key highlights include a 19.5% revenue increase in the snacking segment, a 7.2% rise in the protein and frozen segment, a 4.0% growth in water and food, and a 25.4% increase in the agri-business segment. Despite currency devaluation impacts in Egypt, the company achieved strong performance and continued innovation across its product portfolio.

The document is a review report and interim condensed consolidated financial statements for Agthia Group PJSC, covering the six-month period that ended on June 30, 2024. The report is unaudited.