GHITHA-

Abu Dhabi-based food manufacturer Ghitha saw its net income fall 98% y-o-y to AED 52.6 mn in 1Q 2025, while operating income rose 6.4% YoY to AED 76.8 mn, according to an interim financial statement (pdf). The company reported a 7.2% rise in revenues y-o-y to AED 1.3 bn, and said that it focused on cost efficiencies during the quarter, as well as improving its product mix, while contributions from recent acquisitions buoyed the performance, according to its earnings release (pdf).

Looking ahead, M&A will continue to be a priority for Ghitha, the company said. ADX-listed agro-food outfit Invictus Investment — a unit of Ghitha — acquired Mozambique’s largest milling company Merec Industries ’parent company Stratton Africa Holding earlier this year, while subsidiary Zee Stores International acquired a 70% stake in Fujairah’s International Food Industries for AED 41 mn in October, along with several other acquisitions. Al Ain Farms also acquired UAE-based poultry producer Al Jazira Poultry Farm in March 2025 to strengthen its protein vertical, it said in the statement.

EASYLEASE-

EasyLease reported net income of AED 10.4 mn for 1Q 2025, a 20% dip compared to the same period last year, according to the company’s earnings release (pdf). The firm’s revenues from sales rose by 71% y-o-y to AED 166.3 mn for the first quarter, with subsidiary expansion and strategic investments to expand its infrastructure driving the strong results.

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