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Agthia Group Kept at Buy as FAB Notes 'Resilient' Q3 Performance

MT Newswires·11/12/2026 07:49:30
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07:49 AM EST, 11/12/2026 (MT Newswires) -- FAB Securities maintained its buy rating on Agthia Group (ADX:AGTHIA), as well as its price target of 5.10 Emirati dirhams, following the release of the company's third-quarter earnings. According to a Thursday note, the food and beverage company's attributable profit of 27 million Emirati dirhams surpassed FAB's estimate of 15 million dirhams. Revenue rose 14.4% annually to 1.3 billion dirhams. Analysts expected 1.22 billion dirhams in revenue for the quarter. "Agthia delivered a resilient top-line performance in 3Q26, with reported revenue increasing 14.4% YOY to AED 1.3 Bn, supported by AED 104.7 Mn of one-off sales under the UAE food security program. Excluding these one-off sales, underlying revenue grew 5.2% YOY, demonstrating the resilience of the Company's core business despite a challenging operating environment," FAB wrote.