Ghitha, DAE, Americana, Emirates REIT, Sukoon report earnings

Robust core business performance helped Abu Dhabi-listed agriculture and food platform Ghitha Holding post revenue growth of 34% y-o-y in 2Q 2026, reaching AED 1.7 bn, it said in a press release. In 1H, revenue was up 28% y-o-y to AED 3.4 bn, while net income steadily climbed 11% y-o-y to AED 666.2 mn.

Ghitha continued to expand its fresh food platform through its subsidiary NRTC’s acquisition of fresh produce player Taaza. Meanwhile, Al Ain Farms and NRTC signed an MoU in 2Q to launch Al Ain Taaza, an integrated juice platform targeting a 2026 rollout.

IN CONTEXT- Ghitha merged with Multiply and 2PointZero last year, with the new company focusing on expanding its energy and consumer divisions.

A rougher quarter for DAE

Dubai Aerospace Enterprise had a rougher 2Q, reporting a 75.7% y-o-y dip in net income to USD 86 mn in 2Q 2026, according to its financial release (pdf). Revenue declined 8.3% to USD 410.4 mn during the period.

On a six-month basis: DAE’s bottom line dropped 57.3% y-o-y to USD 188.2 mn in 1H 2026, which it attributed to ins. recoveries recorded in the previous year. Meanwhile, the firm’s top line rose 2.6% to USD 865.9 mn — driven by higher lease income from newly acquired aircraft, partly offset by weaker engineering maintenance revenue.

Americana Restaurants 1H net income jumps on sales growth

Like-for-like sales growth and procurement efficiencies pushed Americana Restaurants’ 1H 2026 net income up 59.2% y-o-y to USD 147.2 mn, according to the F&B giant’s latest earnings release (pdf). Revenues for the six-month period rose 12.1% y-o-y to USD 1.4 bn, driven by a 6.3% rise in like-for-like sales and ongoing store expansion.

Expanding footprint, tapping M&A: Americana added 108 net new restaurants over the last 12 months, bringing its total footprint to 2.7k locations across 12 markets as of the end of 1H. Growth momentum is set to accelerate in 2H following its takeover of Malak Al Tawouk.

Dividends: Supported by strong liquidity, Americana’s board approved an interim dividend distribution of USD 100.8 mn — or USD 0.012 per share — for 1H, scheduled for 30 June 2026.

Emirates REIT’s 1Q property income rises 10%

Stronger rental rates lifted earnings from property income for Dubai-listed Emirates REIT, with 1Q total property income hitting USD 21.2 mn, up 10% y-o-y, per an earnings release (pdf). The REIT’s bottom line fell 77% y-o-y to AED 35.2 mn, reflecting the unrealized revaluation gain seen in 1Q 2025.

Portfolio occupancy edged up 1 percentage point y-o-y to 96% during the quarter, while net property income increased 16% y-o-y to USD 19 mn. Operating income nearly doubled, rising 90% y-o-y to USD 13 mn as the REIT reduced expenses by 37% y-o-y. Meanwhile, the trust’s loan-to-value ratio fell further to 19%, and it closed out the quarter with AED 1.3 bn in assets, up 6.3% y-o-y.

A shift in dividends: The REIT also announced plans to transition to quarterly dividend distributions, beginning with a USD 7 mn payout in September, subject to approvals.

Sukoon Ins. 2Q income jumps 51.6%

Sukoon Ins. posted another quarter of double-digit income growth, with net income climbing 51.6% y-o-y to AED 137 mn in 2Q 2026, according to its financials (pdf). Revenue reached AED 1.8 bn, up from AED 1.6 bn the year before. Higher gains from equity investments and a dip in reins. contract expenses boosted its bottom line.

1H performance: First-half earnings reached AED 258.8 mn, up 34.9% y-o-y, while revenue hit AED 3.5 bn, up from AED 3 bn in 1H 2025, also buoyed by a dip in reins. contract expenses.