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‎Agthia: Q2 2026 earnings forecast

Source
Argaam - UAE News
Source link
https://www.argaam.com/en/article/articledetail/id/1925460
Published
2026-08-03 14:47:00
Discovered by ProcIntel
2026-08-03 15:27:08
Category
GCC Spotlight
Geography
UAE
Organisations
—
Review status
Pending
Record type
REAL

Summary

‎<p ><span ><span class="ckeCaption" ><img src="https://argaamplus.s3.amazonaws.com/ff4c1ddc-2546-429d-b0da-76f7985fe890.png" >Agthia Group logo</span></span></p> <hr> <p>In this report, Argaam reviews the expected second-quarter 2026 results of Agthia Group, as well as the company's quarterly earnings trend, key operating indicators, and profitability metrics.</p> <p></p> <p>Quarterly Revenue – AED mln</p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p >Item</p> </th> <th > <p>Q2 2025</p> </th> <th > <p>Q3 2025</p> </th> <th > <p>Q4 2025</p> </th> <th > <p>Q1 2026</p> </th> <th > <p>Q2 2026 (Consensus Estimate)</p> </th> </tr> </thead> <tbody> <tr> <td > <p>Revenue</p> </td> <td > <p>1,140.2</p> </td> <td > <p>1,136.0</p> </td> <td > <p>1,285.6</p> </td> <td > <p>1,326.8</p> </td> <td > <p>1,127.7</p> </td> </tr> <tr> <td > <p>Change (%)</p> </td> <td > <p>+5.9%</p> </td> <td > <p>+5.0%</p> </td> <td > <p>(1.6%)</p> </td> <td > <p>+3.3%</p> </td> <td > <p>+7.7%</p> </td> </tr> </tbody> </table> <p></p> <p><strong>Quarterly Earnings Trend – AED mln</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p >Item</p> </th> <th > <p >Q2 2025</p> </th> <th > <p >Q3 2025</p> </th> <th > <p >Q4 2025</p> </th> <th > <p >Q1 2026</p> </th> <th > <p >Q2 2026 (Consensus Estimate)</p> </th> </tr> </thead> <tbody> <tr> <td > <p>Net Income</p> </td> <td > <p>(41.0)</p> </td> <td > <p>0.8</p> </td> <td > <p>44.1</p> </td> <td > <p>92.3</p> </td> <td > <p>49.5</p> </td> </tr> <tr> <td > <p>Exceptional Item</p> </td> <td > <p>(51.5)*</p> </td> <td > <p>0.0</p> </td> <td > <p>8.0**</p> </td> <td > <p>0.0</p> </td> <td > <p>0.0</p> </td> </tr> <tr> <td > <p>Net Income Before Exceptional and Non-Recurring Items</p> </td> <td > <p>10.5</p> </td> <td > <p>0.8</p> </td> <td > <p>36.1</p> </td> <td > <p>92.3</p> </td> <td > <p>49.5</p> </td> </tr> <tr> <td > <p>EPS Excluding Non-Recurring Items (AED/share)</p> </td> <td > <p>0.01</p> </td> <td > <p>0.001</p> </td> <td > <p>0.04</p> </td> <td > <p>0.11</p> </td> <td > <p>0.06</p> </td> </tr> </tbody> </table> <p><span >* Includes AED 47.1 million in bad debt provisions for transferred trade receivables and a one-off cost of AED 4.4 million related to the exit from the Tamarat joint venture.</span></p> <p></p> <p><span >** Includes AED 8.4 million in grant income from collection centers, AED 4.5 million in scrap sales income, a gain of AED 1.4 million on the disposal of property, plant and equipment, and AED 6.3 million in write-offs of property, plant and equipment.</span></p> <p></p> <p><strong>Key events in Q2 2026</strong></p> <p>Shareholders approved an interim cash dividend of 11.792% of capital or 11.792 fils per share for H2 2025.</p> <p></p> <p><strong>Average forecasts for Q2 2026</strong></p> <p>Agthia Group is expected to report a net profit of AED 49.5 million for the second quarter of 2026, a more than fourfold increase, compared with net profit before exceptional and non-recurring items reported in Q2 2025, according to the average forecasts of three research firms.</p> <p></p> <p><strong>Average Estimates – AED mln</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p >Research Firm</p> </th> <th > <p>Estimate (AED mln)</p> </th> </tr> </thead> <tbody> <tr> <td > <p>United Securities</p> </td> <td > <p>68.0</p> </td> </tr> <tr> <td > <p>FAB Securities</p> </td> <td > <p>58.0</p> </td> </tr> <tr> <td > <p>Securities Investment Company (SICO)</p> </td> <td > <p>22.5</p> </td> </tr> <tr> <td > <p>Consensus Estimate</p> </td> <td > <p>49.5</p> </td> </tr> <tr> <td > <p>Net Profit Before Exceptional and Non-Recurring Items (Q2 2025)</p> </td> <td > <p>10.5</p> </td> </tr> <tr> <td > <p>Variance (%)</p> </td> <td > <p>+371%</p> </td> </tr> </tbody> </table> <p></p> <p><strong>Stock Performance</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p >Metric</p> </th> <th > <p>Company</p> </th> <th > <p>Market</p> </th> </tr> </thead> <tbody> <tr> <td > <p>Year-to-Date Change</p> </td> <td > <p>(15.34%)</p> </td> <td > <p>(0.78%)</p> </td> </tr> <tr> <td > <p>Change (Last 12 Months)</p> </td> <td > <p>(25.06%)</p> </td> <td > <p>(4.40%)</p> </td> </tr> <tr> <td > <p>Previous Close</p> </td> <td > <p>3.20</p> </td> <td > <p>9,914.62</p> </td> </tr> <tr> <td > <p>Recurring P/E</p> </td> <td > <p>19.03x</p> </td> <td > <p>22.26x</p> </td> </tr> <tr> <td > <p>Trailing 12-Month EPS Excluding Non-Recurring Items (AED/share)</p> </td> <td > <p>0.168</p> </td> <td > <p>--</p> </td> </tr> </tbody> </table>

Possibly the same underlying story as ‎Borouge Q2 2026 earnings forecast — flagged automatically for review, never merged automatically.

Procurement Relevance Gate

FAIL — score 7.0/100 — evaluated 2026-08-03 15:27:08
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
  • geographic_exposure (weight 8) — matched on "1 linked geography"

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

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Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.