ZAWYA: Agility Global PLC reports resilient Q1 2026 performance

About this update from Agility Global Plc

ABU DHABI: Agility Global PLC ("Agility") a multi-business owner, operator, and long-term investor listed on the Abu Dhabi Securities Exchange (ADX), today reported its financial results for the first quarter ended 31 March 2026, where EBIT stood at $103 million, EBITDA reached $185 million and revenue totaled $1.4 billion, a 12%, 7% and 23% increase respectively.As of March 31, 2026, Agility’s investment segment had a carrying value of approximately $5.6 billion, with total assets of $13.2 billion.Agility Global Chairman Tarek Sultan said:“Building off of last year’s momentum, Agility delivered a solid start to 2026 despite an increasingly volatile operating environment. While we witnessed a mixed impact across parts of the business during March, the overall effect on the Group was contained.All three operating businesses reported year-on-year revenue growth. Agility Logistics Parks and Tristar delivered profit expansion during the quarter. At Menzies Aviation, strong top-line growth was driven by the G2 acquisition and yield enhancement, while partially offset by the exit from Kuwait and broader disruption across the aviation sector during the period.Our investment pillar has a carrying value of approximately $5.6 billion as of 31 March 2026, up 9% compared to the same period in 2025, driven primarily by the performance of our stake in DSV. At Reem Mall, occupancy now approaches 90%, supported by continued leasing momentum and a pipeline of flagship openings.Agility’s businesses continue to demonstrate resilience. We remain focused on execution, operational performance, and prudent capital allocation as we navigate an evolving macroeconomic and geopolitical environment.”Controlled Segment PerformanceAviation Services – MenziesMenzies delivered top-line growth of 34% in Q1 2026, reaching $869 million. The growth this quarter includes the full contribution from the G2 acquisition and yield improvement across the portfolio.Reported EBIT was 15% lower than Q1 2025, mainly as a result of the costs associated with the exit from Kuwait and the effect of flight disruptions during the quarter. Meanwhile G2 integration and synergy realization is on track and expected to build progressively throughout the year and absorb part of the impact. We are confident that Menzies is focused on delivering healthy results.Fuel Logistics – TristarTristar delivered 9% top line ...

View stock analysis, news, and events for Agility Global Plc