Agthia Group PJSC (ADX:AGTHIA)
د.إ 3.26 -0.040 (-1.22%) Market Cap: 2.71 Bil Enterprise Value: 4.32 Bil PE Ratio: 28.02 PB Ratio: 1.01 GF Score: 86/100

Q4 2024 Agthia Group Pjsc Earnings Call Transcript

Feb 27, 2025 / 10:59 AM GMT
Release Date Price: د.إ5.2 (-0.95%)

Key Points

Positve
  • Agthia Group PJSC (ADX:AGTHIA) achieved a 7.7% year-on-year revenue growth, driven by strong volume growth.
  • E-commerce sales grew by over 50% in 2024, representing 5.4% of total core sales.
  • Operational efficiencies delivered 130 million dirhams in productivity gains in 2024.
  • The UAE bottled water business saw a 37.5% increase in EBITA, supported by a favorable mix and operational efficiencies.
  • Exports from Egypt reached new highs, growing over 50% in 2024, reinforcing resilience despite macroeconomic pressures.
Negative
  • The dates business faced short-term operational challenges, impacting profitability and requiring corrective measures.
  • EBITA declined by 1.5% year-on-year to 679 million dirhams, with margins pressured by the dates business.
  • The introduction of corporate tax in the UAE in 2024 impacted net profit.
  • Free cash flow decreased by 42% year-over-year, primarily due to lower working capital improvement compared to 2023.
  • The company faced challenges with receivables collection and inventory management in the dates business, leading to significant provisions.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AGTHIA.AD - Agthia Group PJSC
Q4 2024 Agthia Group Pjsc Earnings Call
Feb 27, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone. This is Hama from Y GMA, and welcome to LA's full year 2024 results conference call.

We'll start off by a presentation from management, and then we'll open the store for Q&A as an initial reminder to ask a question. You can either type it in the Q&A chat box or you can click on the raise hand button. I now hand over the call to Tatiana laova, the company's IR. Taana, please go ahead.

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Unidentified_2 [2]
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Thank you Hatam and of GRS team for hosting today's call and thank you for joining us today to go over ASEA Group full year
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