Ghitha Holding revenue hits AED5.1 billion as food platform expands

Ghitha Holding PJSC reported a 27 percent year-on-year increase in revenue, reaching AED5.1 billion for the nine-month period ending 30 September 2026. The Abu Dhabi Securities Exchange-listed firm, a subsidiary of 2PointZero, saw its gross profit climb to AED962.2 million during the same period, up from AED880.1 million in the previous year. Quarterly Earnings Performance Data released on Thursday, 29 October, shows that third-quarter revenue hit AED1.7 billion, representing a 23 percent rise compared to the third quarter of 2025. Gross profit for the July–September period stood at AED296 million, an increase from the AED280.7 million recorded in the prior-year period. This growth was driven by a larger revenue base across the group’s diversified portfolio. The financial results follow the company's efforts to scale its food and agriculture platform. Falal Ameen, CEO of Ghitha Holding, stated that the results reflect the continued expansion of the group's operations, noting that revenue has now surpassed the AED5 billion threshold for the first three quarters of the year. Strategic Focus and Outlook The company is currently prioritising the integration of its various business units to enhance operational capabilities. Ameen noted that the group is advancing initiatives intended to support long-term growth and contribute to the UAE’s national food security objectives. As the company enters the final quarter of 2026, it aims to build a more scalable platform to maintain…