Agthia Group · ADX:AGTHIA
Agthia — FY2025 Earnings Presentation
41 slides from Agthia's earnings presentation, Mar 5, 2026
Slide 1: Investor Presentation FY & Q4'25 Results
Investor Presentation FY & Q4’25 Results 05 March 2026
Slide 2: Agenda
Agenda 01 Strategic Update 04 Segment Performance 02 Key Financials 05 Q&A 03 Dividends 2
Slide 3: Disclaimer
Disclaimer Agthia Group PJSC and its management may make 7. expected financial results; 8. sensitivity to changes in 4. various events which could disrupt operations, certain statements that constitute “forward-looking product prices; 9. sensitivity to key input prices; 10. including natural events
Slide 4: Business Continuity Update
Business Continuity Update Continuity Flexibility Preparedness Focus on maintaining Diversified footprint and Contingency planning and customer service and supply sourcing support operational active monitoring across reliability agility logistics and commodities 4
Slide 5: Recap: Our Strategic Vision to Become a Regional F&B Leader
Recap: Our Strategic Vision to Become a Regional F&B Leader From… To… UAE centric Footprint MENA+ & beyond Commoditized portfolio Value-add F&B brands Becoming a Regional F&B Stable financial performance Strong shareholder returns Leader Local organization mindset Consumer-centric & performance-driv
Slide 6: FY'25: Progress on Strategic Vision – To Date
FY’25: Progress on Strategic Vision – To Date Delivering Growth Driving Efficiency Expanding Capabilities • Reported revenue declined 1.4% YoY; • Net Productivity 1.1% of COGS in 2025 • Strengthened leadership team; appointed driven by 11.2% decline in pricing/mix, Chief Innovation Officer which was
Slide 7: FY'25: Over AED 208M in Revenue Generated from Strategic Product Innovation
FY’25: Over AED 208M in Revenue Generated from Strategic Product Innovation Snacking Protein & Frozen Veg Agri-Business Abu Auf: New Mazag-brand Turkish coffee blend Egypt: New flavors and varieties of chicken strips Flour: New Mushattalt tailored for the HORECA and catering segment, as well as new
Slide 8: Q4'25 Key Financials
| Q4’25 Key Financials agthia @ a2.ci
Slide 9: Q4'25: Group Headlines
Q4’25: Group Headlines Group Revenue, AED M Group Gross Profit, AED M ▪ Revenue declined 1.6% YoY to AED ▪ Gross Profit increased 0.9% YoY -1.6% 1.29 B in Q4’25, driven by decline in +0.9% pricing / mix, partially offset by volume ▪ Gross Profit Margin expanded by 76bps growth. to 30.3%, supported b
Slide 10: Q4'25: Group Headlines
Q4’25: Group Headlines Group Underlying EBITDA, AED M Group Underlying Net Profit, AED M ▪ Group Underlying EBITDA +27.1% YoY to +27.1% AED 179.8 M, ▪ Group Underlying Net Profit increased ▪ Group Underlying EBITDA margin +21.3% by 21.3% YoY, with a Net Profit Margin +317bps to 14.0% at 6.3%. 180 ▪
Slide 11: Net Working Capital: Discipline Delivering Improvement
Net Working Capital: Discipline Delivering Improvement NWC and NWC as % of Sales1 Cash Conversion Cycle Key Highlights AED M CCC days +3 • Working capital as a % of sales edged down to 7.3% 7.1% 7.1%, with reductions in inventories and -13 45 receivables partly offset by lower payables after 49 scal
Slide 12: Free Cash Flow Analysis
Free Cash Flow Analysis Free Cash Flow Bridge, AED M Key Highlights FCF decreased by AED 178 M YoY, reaching AED 318 M 589 in FY’25. The decline was primarily driven by: • EBITDA contraction of AED 216 M, primarily due to challenges in the Dates business and the Protein & Frozen segment. • Lower uti
Slide 13: Leverage Impacted by Operational Headwinds, M&As, and Shift Away from SCF
Leverage Impacted by Operational Headwinds, M&As, and Shift Away from SCF Net Debt / EBITDA1 2.9x Interest Coverage2 Underlying 2.2x FY Dec’24 - 1.5x 4.9x Underlying 6.4x FY Dec’24 – 9.4x Borrowing Capacity 0.5B Avg Dividend Yield3 FY Dec’24 – 1.7bn Underlying 1.1B 4.7% FY’24 DPS = AED 0.210 13 1 Ne
Slide 14: BoD Recommended to Increase H2 2025 Dividend by +10% to 11.792 fils per share
BoD Recommended to Increase H2 2025 Dividend by +10% to 11.792 fils per share +5% bonus shares 32% 35% 44% 43% 66% 85%1 58% 53% 56% 60% 215% Dividend payout % +5% 0.22102 0.2103 0.185 0.165 0.165 0.165 0.150 0.150 0.150 0.150 0.125 Dividends per share (AED) 2015 2016 2017 2018 2019 2020 2021 2022 20
Slide 15: Segmental Performance
Segmental Performance
Slide 16: Diversified Growing Portfolio in Large Scalable Markets
Diversified Growing Portfolio in Large Scalable Markets Diversified Revenue by Segments... …and Geographies 9% 25% 29% 26% 53% 26% 20% 12% Snacking Water & Food UAE Other Arab Countries Protein & Frozen Agri-Business GCC excl. UAE RoW 16 1Based on FY’25 sales
Slide 17: Water & Food: Strong Growth Driven by UAE Water and M&A
Water & Food: Strong Growth Driven by UAE Water and M&A Revenue, AED M EBITDA, AED M Q4’25 Highlights EBITDA Margin Revenue +18.0% 16.5% 15.5% • +18.0% YoY. LFL revenue +9.1% YoY (excluding Riviere), driven by UAE water business +10.8% • International water delivered 2.3% revenue growth, driven by v
Slide 18: Agri-Business: Stable Growth While Navigating Intensified Competition
Agri-Business: Stable Growth While Navigating Intensified Competition Revenue, AED M EBITDA, AED M Q4’25 Highlights EBITDA Margin Revenue 18.6% 16.7% • Segment revenue -0.2 YoY -0.2% • Flour sales grew 1.7% YoY, driven by volume -10.8% (+5.8%) while the price has negative impact due to the intensifi
Slide 19: Snacking: Resilient Top-Line Performance with Mixed Profitability Trends
Snacking: Resilient Top-Line Performance with Mixed Profitability Trends Revenue, AED M EBITDA, AED M Q4’25 Highlights EBITDA Margin Revenue 18.2% • Revenue declined 18.7% YoY 1.4% -18.7% o Al Foah and BMB sales came under pressure, reflecting the ongoing recalibration of the 495 10x businesses as p
Slide 20: Protein & Frozen: Solid Revenue Growth Amid Margin Pressure and KSA Ramp-Up
Protein & Frozen: Solid Revenue Growth Amid Margin Pressure and KSA Ramp-Up Revenue, AED M EBITDA, AED M Q4’25 Highlights EBITDA Margin Revenue 9.3% 5.1% • Revenue grew 9.4% YoY +9.4% o Nabil led the segment with strong revenue growth of 31.2% YoY o Frozen Vegetables & Tomato Paste (+2.8%) and -39.5
Slide 21: FY'25: Underlying Performance Snapshot
FY’ 25: Underlying Performance Snapshot Strong Underlying Performance One-Off Adjustments in FY’25 • Revenue +3.5% YoY excluding EGP devaluation One-off adjustments reflect strategic steps to enhance long-term financial health and impact and wheat trading activity in Q1’24 accountability • Provision
Slide 22: A Forward-Looking Company
A Forward-Looking Company Market leading position Growing portfolio of consumer- Growth-oriented mindset across key categories and centric brands in large, scalable focused on leveraging synergies, geographies markets innovation and digitization Attractive economics with clear Financial strength Exp
Slide 23: Capital Markets Day – 2 April, Abu Dhabi
Capital Markets Day – 2 April, Abu Dhabi Programme Highlights For more information, please scan below QR code or reach out to the IR team at A series of in-depth, investor-focused presentations on our new Strategic ir@agthia.com Framework. Hear directly from Agthia's senior leadership team - includi
Slide 24: Q&A
Q&A
Slide 25: Appendix
ie Better’ - nea Aliso A . acs > ppe ndix | // ate
Slide 26: FY'25 Segment Performance
FY’25 Segment Performance Snacking Protein & Frozen Revenue, AED M EBITDA1, AED M Revenue, AED M EBITDA, AED M -7.1% YoY -33.1% YoY, EBITDA1 margin -344bps -1.3% YoY -38.4% YoY, EBITDA margin -441bps 1,492 1,387 1,008 996 118 183 123 73 17 FY'24 FY'25 FY'24 FY'25 FY'24 FY'25 FY'24 FY'25 Water & Food
Slide 27: Egypt: Resilient Growth Supported by Exports and Auf Retail Expansion
Egypt: Resilient Growth Supported by Exports and Auf Retail Expansion FY’25: Resilient topline, margin held back by input cost pressure “Export Hub” Strategy Revenue, AED M EBITDA, AED M & EBITDA Margin (%) +3.9% 19.8% 16.0% AED 107.5 M Exports from Egypt in FY’25 955 -16.1% 919 182.1 • -9.4% AED re
Slide 28: Protein & Frozen: Expanding Capabilities and Portfolio Optimization
Protein & Frozen: Expanding Capabilities and Portfolio Optimization Continuous Portfolio Optimization Smart Social Media Campaigns Expanding Capabilities in KSA Egypt: Atyab and Chicketita launched several Capitalizing on strong and strategic social media Combined KSA protein sales, including Nabil
Slide 29: Investing in Growth: Protein Expansion in KSA
Investing in Growth: Protein Expansion in KSA Project Overview ▪ Location: Jeddah, KSA ▪ Available land 9,436 sqm; Built-up area 6,600 sqm ▪ Capex c. AED 90M (Phase 1) ▪ Current capacity ≈ 3,500 tons/annum ▪ ≈ 50 SKUs (Phase 1) ▪ Phase 2: Expected launch in early 2026 with additional capacity ≈ 5,50
Slide 30: Water & Food: Strong Performance Driven by Marketing and Digitalization
Water & Food: Strong Performance Driven by Marketing and Digitalization Strong Performance of UAE Water and Food Maintaining Leadership with Customer Centricity Connecting though Effective Marketing Al Ain bottled water retaining its market Continuing to strengthen market share by: Further strengthe
Slide 31: Riviere - Leveraging Synergies with Al Ain HOS
Riviere - Leveraging Synergies with Al Ain HOS Synergies Cements Agthia’s market leadership in UAE 7% UAE household HOS market share1 household HOS with 24% combined market share1 17% UAE household HOS market share 1 Triples Agthia’s household customer base Diversified client base, comprising Primar
Slide 32: Snacking: Innovation-Led Growth, Combined with Excellent Execution and Agility in Auf
Snacking: Innovation-Led Growth, Combined with Excellent Execution and Agility in Auf Innovation Continues to Drive Growth Agility and Execution Excellence in Auf Summer Provides Platform to Engage Al Foah & BMB Innovation Synergy: Strong Results in FY’25 Abu Auf • Date Crown New Pack Format: Top Bo
Slide 33: Agri-Business: Growing Together with Our Customers
Agri-Business: Growing Together with Our Customers Innovating to Secure Growth Agrivita: Accelerated Digital Revenue Flour: Digitalization: Agrivita app Revamp • Mushattalt Flour and Badshah to meet the needs • Agrivita App Facelift - UI/UX upgraded of our customers • More modern and visually appeal
Slide 34: Agthia Sustainability Strategy Pillars
Agthia Sustainability Strategy Pillars Environmental Integrity Scaling Health and Wellness • 95% increase in renewable energy generated on group level in 2025 • AED 1.7 M invested in community in 2025 • 69.3% recycled waste from the total waste generated • 100% of all suppliers assessed for environm
Slide 35: Board of Directors
Board of Directors Chairman / Vice Chairman Board Member Khamis Mohamed Ms. Mariam Khalifa Sultan Salmeen Svet Ms. Caitlin Ms. Sharmila Maurizio Gil Adotevi Buharoon Al Ahmed Al Suwaidi Al Ameri Varadzhakov Nguyen Murat Patarnello Shamsi Al Remeithi Chairman Vice Chairman Managing Group Chief Managi
Slide 36: Strong Leadership Team with Track Record of Value Creation
Strong Leadership Team with Track Record of Value Creation Group Functions Business Segments Hala Salmeen Jeroen Ramy Abdulrahman Patrick Mahammad Edward Ahmad Chantal Nizar Hobeiche Al Ameri Nijs Merdan Al Barguthi Higgins Amro Norder Yahya Charbel Kayali Katounas Managing Acting Director & Chief C
Slide 37: Summary Profit & Loss Statement
Summary Profit & Loss Statement AED'000 FY’25 FY’24 YoY Revenue 4,845,621 4,914,644 -1.4% Cost of sales -3,437,219 -3,448,429 0.3% Gross profit 1,408,402 1,466,215 -3.9% Selling and distribution expenses -669,645 -611,930 -9.4% General and administrative expenses -518,438 -449,223 -15.4% Research an
Slide 38: Summary Balance Sheet Statement
Summary Balance Sheet Statement AED'000 FY’25 FY'24 FY’23 FY’22 Property, plant and equipment 1,437,052 1,428,985 1,460,821 1,446,027 Intangible assets & Goodwill 2,489,238 2,394,815 2,408,106 2,421,885 Others 154,755 147,918 128,038 104,521 Total non-current assets 4,081,045 3,971,718 3,996,965 3,9
Slide 39: Summary Cash Flow Statement
Summary Cash Flow Statement AED'000 FY’25 FY'24 YoY Profit for the period 100,598 321,834 -68.7% Adjustments for: Depreciation & Amortization 233,335 223,151 4.6% Provisions & Allowances 146,091 143,324 1.9% Others 132,152 126,392 12.7% Change in: Inventories 38,918 -60,346 -164.5% Trade and other r
Slide 40: EBITDA and NP Reconciliation
EBITDA and NP Reconciliation AED M Q4’25 Q4’24 FY’25 FY’24 Reported EBITDA 146.1 141.4 463.4 678.8 Provision related to a legal case with a commercial 33.7 - 92.0 - counterparty Bad debt provisions for legacy receivables1, including: - - 47.1 - - Water & Food - - 37.7 - - Snacking - - 9.4 - Timarat
Slide 41: Thank You
Thank You