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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.

Agthia Group PJSC held a Board of Directors meeting on August 6, 2024, via virtual conference at 4:00 PM. During the meeting, the Board approved the reviewed financial statements for the period ending June 30, 2024, along with the Management Discussion & Analysis Report. Additionally, the Board approved the recommendation to distribute interim (semiannual) dividends of 31.10 fils per share, totaling AED 85.7 million, to the company's shareholders.

On June 8, 2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its fifth board meeting of the year at 14:00 PM. The following decisions were made: 1. Approval of the minutes from the fourth Board of Directors meeting of 2024. 2. The Nominations and Remuneration Committee was tasked with reviewing the company's organizational structure to meet future requirements and evaluating all executive management employees.