Ghitha Holding revenue jumps 9% to Dh4 billion on stronger margins

Operating profit jumps 41% to Dh267.7m as acquisitions and efficiency gains lift growth

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Nivetha Dayanand, Assistant Business Editor
Ghitha's accomplishment of 100% revenue growth in 2023 showcases robust market expansion and operational excellence
Ghitha's accomplishment of 100% revenue growth in 2023 showcases robust market expansion and operational excellence
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Dubai: Ghitha Holding posted a 9.2% surge in revenue to Dh4 billion for the first nine months of 2025, supported by new acquisitions, solid performance across core businesses, and improved pricing discipline. Operating profit climbed 41.1% year-on-year to Dh267.7 million, reflecting the company’s focus on margin-led growth and operational efficiency.

41.1%
year-on-year rise in operating profit took the figure to Dh267.7 million, reflecting the company’s focus on margin-led growth and operational efficiency.

Gross profit increased 23.2% to Dh880.1 million, underpinned by cost management and product mix optimisation. The group said its ongoing digital transformation, including the rollout of SAP S/4HANA, is designed to strengthen integration and scalability across its operations.

“The realignment of our farming and fresh-produce operations through NRTC strengthens linkages across our value chain and positions the business for future growth," said Falal Ameen, CEO of Ghitha Holding. "With a more integrated platform and digital transformation well underway, Ghitha is well-positioned to close the year on a strong note and deliver sustained value to shareholders.”

During the period, Ghitha reinforced its fruit and vegetable segment through NRTC Food Holding LLC, strengthening upstream integration and supply-chain efficiency. The integration of Al Jazira Poultry and Arabian Farms also contributed to the company’s results, expanding production capacity and diversifying revenue streams across the protein and dairy segment.

These efforts form part of Ghitha’s broader M&A strategy to build an integrated food and agriculture platform capable of supporting the UAE’s long-term food resilience goals. The company is also a key participant in the formation of Al Ain Farms Group, which unites five leading brands into a national food champion focused on advancing innovation and sustainability in the sector.

In October, Ghitha was included in a merger plan by parent company International Holding Company (IHC) to combine Ghitha, 2PointZero, and Multiply Group into a next-generation investment platform valued at around Dh120 billion. The transaction, expected to close by mid-November 2025, will create one of Abu Dhabi’s largest diversified investment entities, expanding capabilities across energy, consumer, and food security sectors.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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