Ghitha Holding reported Q1 2026 revenue of AED 1.62 billion, representing a 23.3% increase compared to AED 1.32 billion in the same period of 2025.
Net profit for the period rose to AED 59.8 million, up from AED 52.6 million YoY, driven by a 68.8% increase in profit from continuing operations which reached AED 92.1 million.
The Group expanded its portfolio through the acquisition of 70% equity interests in Taaza Healthy Food Industries LLC and Taaza Quality Foodstuff Trading LLC for a total consideration of AED 18 million effective March 1, 2026.
Profitability was bolstered by an AED 85.4 million gain from the partial disposal of a 1.7% stake in Apex Investment PSC, while basic earnings per share increased to AED 0.14 from AED 0.08 YoY.